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TRIMBLE INC (TRMB) Stock Fundamental Analysis

NASDAQ:TRMB - Nasdaq - US8962391004 - Common Stock

76.43  +1.51 (+2.02%)

After market: 76.51 +0.08 (+0.1%)

Fundamental Rating

5

TRMB gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 124 industry peers in the Electronic Equipment, Instruments & Components industry. While TRMB has a great profitability rating, there are some minor concerns on its financial health. TRMB is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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8

1. Profitability

1.1 Basic Checks

In the past year TRMB was profitable.
TRMB had a positive operating cash flow in the past year.
In the past 5 years TRMB has always been profitable.
TRMB had a positive operating cash flow in each of the past 5 years.
TRMB Yearly Net Income VS EBIT VS OCF VS FCFTRMB Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M

1.2 Ratios

The Return On Assets of TRMB (14.97%) is better than 95.83% of its industry peers.
TRMB has a Return On Equity of 25.14%. This is amongst the best in the industry. TRMB outperforms 93.33% of its industry peers.
With a Return On Invested Capital value of 4.41%, TRMB perfoms like the industry average, outperforming 60.00% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for TRMB is in line with the industry average of 9.03%.
Industry RankSector Rank
ROA 14.97%
ROE 25.14%
ROIC 4.41%
ROA(3y)5.46%
ROA(5y)5.96%
ROE(3y)10.17%
ROE(5y)11.57%
ROIC(3y)7.04%
ROIC(5y)6.78%
TRMB Yearly ROA, ROE, ROICTRMB Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 5 10 15

1.3 Margins

TRMB has a better Profit Margin (40.67%) than 98.33% of its industry peers.
In the last couple of years the Profit Margin of TRMB has declined.
TRMB's Operating Margin of 11.50% is amongst the best of the industry. TRMB outperforms 83.33% of its industry peers.
TRMB's Operating Margin has improved in the last couple of years.
TRMB's Gross Margin of 63.11% is amongst the best of the industry. TRMB outperforms 97.50% of its industry peers.
TRMB's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 11.5%
PM (TTM) 40.67%
GM 63.11%
OM growth 3Y-2.76%
OM growth 5Y4.23%
PM growth 3Y-12.86%
PM growth 5Y-2.07%
GM growth 3Y3.27%
GM growth 5Y2.58%
TRMB Yearly Profit, Operating, Gross MarginsTRMB Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 20 40 60

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5

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), TRMB is destroying value.
Compared to 1 year ago, TRMB has about the same amount of shares outstanding.
The number of shares outstanding for TRMB has been reduced compared to 5 years ago.
The debt/assets ratio for TRMB is higher compared to a year ago.
TRMB Yearly Shares OutstandingTRMB Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M 250M
TRMB Yearly Total Debt VS Total AssetsTRMB Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2B 4B 6B 8B

2.2 Solvency

An Altman-Z score of 3.87 indicates that TRMB is not in any danger for bankruptcy at the moment.
TRMB's Altman-Z score of 3.87 is fine compared to the rest of the industry. TRMB outperforms 61.67% of its industry peers.
TRMB has a debt to FCF ratio of 3.75. This is a good value and a sign of high solvency as TRMB would need 3.75 years to pay back of all of its debts.
TRMB's Debt to FCF ratio of 3.75 is fine compared to the rest of the industry. TRMB outperforms 63.33% of its industry peers.
A Debt/Equity ratio of 0.24 indicates that TRMB is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.24, TRMB is in line with its industry, outperforming 45.00% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.24
Debt/FCF 3.75
Altman-Z 3.87
ROIC/WACC0.42
WACC10.46%
TRMB Yearly LT Debt VS Equity VS FCFTRMB Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 1B 2B 3B 4B

2.3 Liquidity

TRMB has a Current Ratio of 1.16. This is a normal value and indicates that TRMB is financially healthy and should not expect problems in meeting its short term obligations.
TRMB has a worse Current ratio (1.16) than 90.83% of its industry peers.
A Quick Ratio of 1.07 indicates that TRMB should not have too much problems paying its short term obligations.
TRMB has a worse Quick ratio (1.07) than 76.67% of its industry peers.
Industry RankSector Rank
Current Ratio 1.16
Quick Ratio 1.07
TRMB Yearly Current Assets VS Current LiabilitesTRMB Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B

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2

3. Growth

3.1 Past

TRMB shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -1.89%.
TRMB shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 6.93% yearly.
The Revenue has decreased by -2.43% in the past year.
Measured over the past years, TRMB shows a small growth in Revenue. The Revenue has been growing by 4.09% on average per year.
EPS 1Y (TTM)-1.89%
EPS 3Y6.35%
EPS 5Y6.93%
EPS Q2Q%2.94%
Revenue 1Y (TTM)-2.43%
Revenue growth 3Y6.47%
Revenue growth 5Y4.09%
Sales Q2Q%-8.51%

3.2 Future

Based on estimates for the next years, TRMB will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.23% on average per year.
Based on estimates for the next years, TRMB will show a decrease in Revenue. The Revenue will decrease by -0.59% on average per year.
EPS Next Y8.53%
EPS Next 2Y5.35%
EPS Next 3Y8.23%
EPS Next 5YN/A
Revenue Next Year-3.43%
Revenue Next 2Y-4.54%
Revenue Next 3Y-0.59%
Revenue Next 5YN/A

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
TRMB Yearly Revenue VS EstimatesTRMB Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1B 2B 3B
TRMB Yearly EPS VS EstimatesTRMB Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3

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3

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 29.51, which means the current valuation is very expensive for TRMB.
Based on the Price/Earnings ratio, TRMB is valued a bit cheaper than 64.17% of the companies in the same industry.
TRMB is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 28.29, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 25.79, which means the current valuation is very expensive for TRMB.
Compared to the rest of the industry, the Price/Forward Earnings ratio of TRMB is on the same level as its industry peers.
Compared to an average S&P500 Price/Forward Earnings ratio of 24.44, TRMB is valued at the same level.
Industry RankSector Rank
PE 29.51
Fwd PE 25.79
TRMB Price Earnings VS Forward Price EarningsTRMB Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of TRMB is on the same level as its industry peers.
TRMB's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 39.06
EV/EBITDA 29.32
TRMB Per share dataTRMB EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15 20

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates TRMB does not grow enough to justify the current Price/Earnings ratio.
The excellent profitability rating of TRMB may justify a higher PE ratio.
PEG (NY)3.46
PEG (5Y)4.26
EPS Next 2Y5.35%
EPS Next 3Y8.23%

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0

5. Dividend

5.1 Amount

No dividends for TRMB!.
Industry RankSector Rank
Dividend Yield N/A

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TRIMBLE INC

NASDAQ:TRMB (1/21/2025, 8:00:02 PM)

After market: 76.51 +0.08 (+0.1%)

76.43

+1.51 (+2.02%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)11-06 2024-11-06/bmo
Earnings (Next)02-05 2025-02-05/amc
Inst Owners97.02%
Inst Owner Change-0.17%
Ins Owners0.27%
Ins Owner Change0.51%
Market Cap18.66B
Analysts85.26
Price Target87.8 (14.88%)
Short Float %1.03%
Short Ratio1.9
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)7.77%
Min EPS beat(2)4.51%
Max EPS beat(2)11.03%
EPS beat(4)4
Avg EPS beat(4)5.27%
Min EPS beat(4)1.35%
Max EPS beat(4)11.03%
EPS beat(8)7
Avg EPS beat(8)5.09%
EPS beat(12)9
Avg EPS beat(12)3.58%
EPS beat(16)13
Avg EPS beat(16)6.59%
Revenue beat(2)0
Avg Revenue beat(2)-0.85%
Min Revenue beat(2)-1.02%
Max Revenue beat(2)-0.68%
Revenue beat(4)2
Avg Revenue beat(4)0.31%
Min Revenue beat(4)-1.02%
Max Revenue beat(4)2.42%
Revenue beat(8)2
Avg Revenue beat(8)-1.19%
Revenue beat(12)4
Avg Revenue beat(12)-1.1%
Revenue beat(16)8
Avg Revenue beat(16)0.15%
PT rev (1m)6.81%
PT rev (3m)22.94%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0.71%
EPS NY rev (1m)0%
EPS NY rev (3m)3.42%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.26%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.51%
Valuation
Industry RankSector Rank
PE 29.51
Fwd PE 25.79
P/S 5.14
P/FCF 39.06
P/OCF 36.23
P/B 3.18
P/tB N/A
EV/EBITDA 29.32
EPS(TTM)2.59
EY3.39%
EPS(NY)2.96
Fwd EY3.88%
FCF(TTM)1.96
FCFY2.56%
OCF(TTM)2.11
OCFY2.76%
SpS14.87
BVpS24.06
TBVpS-1.51
PEG (NY)3.46
PEG (5Y)4.26
Profitability
Industry RankSector Rank
ROA 14.97%
ROE 25.14%
ROCE 5.3%
ROIC 4.41%
ROICexc 5.07%
ROICexgc 58.02%
OM 11.5%
PM (TTM) 40.67%
GM 63.11%
FCFM 13.16%
ROA(3y)5.46%
ROA(5y)5.96%
ROE(3y)10.17%
ROE(5y)11.57%
ROIC(3y)7.04%
ROIC(5y)6.78%
ROICexc(3y)7.37%
ROICexc(5y)7.09%
ROICexgc(3y)46.54%
ROICexgc(5y)43.85%
ROCE(3y)8.47%
ROCE(5y)8.16%
ROICexcg growth 3Y2.95%
ROICexcg growth 5Y-14.82%
ROICexc growth 3Y-7.55%
ROICexc growth 5Y-1.78%
OM growth 3Y-2.76%
OM growth 5Y4.23%
PM growth 3Y-12.86%
PM growth 5Y-2.07%
GM growth 3Y3.27%
GM growth 5Y2.58%
F-Score6
Asset Turnover0.37
Health
Industry RankSector Rank
Debt/Equity 0.24
Debt/FCF 3.75
Debt/EBITDA 2.1
Cap/Depr 15.25%
Cap/Sales 1.03%
Interest Coverage 250
Cash Conversion 77.79%
Profit Quality 32.35%
Current Ratio 1.16
Quick Ratio 1.07
Altman-Z 3.87
F-Score6
WACC10.46%
ROIC/WACC0.42
Cap/Depr(3y)22.51%
Cap/Depr(5y)25.92%
Cap/Sales(3y)1.18%
Cap/Sales(5y)1.49%
Profit Quality(3y)132.89%
Profit Quality(5y)131.36%
High Growth Momentum
Growth
EPS 1Y (TTM)-1.89%
EPS 3Y6.35%
EPS 5Y6.93%
EPS Q2Q%2.94%
EPS Next Y8.53%
EPS Next 2Y5.35%
EPS Next 3Y8.23%
EPS Next 5YN/A
Revenue 1Y (TTM)-2.43%
Revenue growth 3Y6.47%
Revenue growth 5Y4.09%
Sales Q2Q%-8.51%
Revenue Next Year-3.43%
Revenue Next 2Y-4.54%
Revenue Next 3Y-0.59%
Revenue Next 5YN/A
EBIT growth 1Y-13.77%
EBIT growth 3Y3.52%
EBIT growth 5Y8.49%
EBIT Next Year8.41%
EBIT Next 3Y4.88%
EBIT Next 5YN/A
FCF growth 1Y22.82%
FCF growth 3Y-3.37%
FCF growth 5Y5.78%
OCF growth 1Y16.98%
OCF growth 3Y-3.86%
OCF growth 5Y4.17%