Paychex Statistics
Total Valuation
Paychex has a market cap or net worth of $42.61 billion. The enterprise value is $41.71 billion.
| Market Cap | 42.61B |
| Enterprise Value | 41.71B |
Important Dates
The last earnings date was Wednesday, June 26, 2024, before market open.
| Earnings Date | Jun 26, 2024 |
| Ex-Dividend Date | May 9, 2024 |
Share Statistics
Paychex has 359.96 million shares outstanding. The number of shares has decreased by -0.17% in one year.
| Shares Outstanding | 359.96M |
| Shares Change (YoY) | -0.17% |
| Shares Change (QoQ) | -0.11% |
| Owned by Insiders (%) | 10.81% |
| Owned by Institutions (%) | 78.39% |
| Float | 321.24M |
Valuation Ratios
The trailing PE ratio is 25.79 and the forward PE ratio is 24.13. Paychex's PEG ratio is 3.14.
| PE Ratio | 25.79 |
| Forward PE | 24.13 |
| PS Ratio | 8.17 |
| Forward PS | 7.72 |
| PB Ratio | 11.37 |
| P/FCF Ratio | 22.20 |
| PEG Ratio | 3.14 |
Enterprise Valuation
The stock's EV/EBITDA ratio is 17.64, with an EV/FCF ratio of 21.73.
| EV / Earnings | 25.11 |
| EV / Sales | 8.00 |
| EV / EBITDA | 17.64 |
| EV / EBIT | 19.05 |
| EV / FCF | 21.73 |
Financial Position
The company has a current ratio of 1.24, with a Debt / Equity ratio of 0.23.
| Current Ratio | 1.24 |
| Quick Ratio | 0.43 |
| Debt / Equity | 0.23 |
| Debt / EBITDA | 0.37 |
| Debt / FCF | 0.45 |
| Interest Coverage | n/a |
Financial Efficiency
Return on equity (ROE) is 46.30% and return on invested capital (ROIC) is 35.26%.
| Return on Equity (ROE) | 46.30% |
| Return on Assets (ROA) | 13.90% |
| Return on Capital (ROIC) | 35.26% |
| Revenue Per Employee | $314,024 |
| Profits Per Employee | $100,054 |
| Employee Count | 16,600 |
| Asset Turnover | 0.44 |
| Inventory Turnover | n/a |
Taxes
In the past 12 months, Paychex has paid $528.90 million in taxes.
| Income Tax | 528.90M |
| Effective Tax Rate | 24.15% |
Stock Price Statistics
The stock price has increased by +6.20% in the last 52 weeks. The beta is 0.96, so Paychex's price volatility has been similar to the market average.
| Beta (5Y) | 0.96 |
| 52-Week Price Change | +6.20% |
| 50-Day Moving Average | 122.09 |
| 200-Day Moving Average | 120.34 |
| Relative Strength Index (RSI) | 40.48 |
| Average Volume (20 Days) | 2,257,137 |
Short Selling Information
The latest short interest is 15.33 million, so 4.26% of the outstanding shares have been sold short.
| Short Interest | 15.33M |
| Short Previous Month | 13.92M |
| Short % of Shares Out | 4.26% |
| Short % of Float | 4.77% |
| Short Ratio (days to cover) | 8.53 |
Income Statement
In the last 12 months, Paychex had revenue of $5.21 billion and earned $1.66 billion in profits. Earnings per share was $4.59.
| Revenue | 5.21B |
| Gross Profit | 3.74B |
| Operating Income | 2.15B |
| Pretax Income | 2.19B |
| Net Income | 1.66B |
| EBITDA | 2.36B |
| EBIT | 2.19B |
| Earnings Per Share (EPS) | $4.59 |
Balance Sheet
The company has $1.77 billion in cash and $868.80 million in debt, giving a net cash position of $902.40 million or $2.51 per share.
| Cash & Cash Equivalents | 1.77B |
| Total Debt | 868.80M |
| Net Cash | 902.40M |
| Net Cash Per Share | $2.51 |
| Equity (Book Value) | 3.75B |
| Book Value Per Share | 10.41 |
| Working Capital | 1.89B |
Cash Flow
In the last 12 months, operating cash flow was $2.09 billion and capital expenditures -$166.10 million, giving a free cash flow of $1.92 billion.
| Operating Cash Flow | 2.09B |
| Capital Expenditures | -166.10M |
| Free Cash Flow | 1.92B |
| FCF Per Share | $5.33 |
Margins
Gross margin is 71.73%, with operating and profit margins of 41.16% and 31.86%.
| Gross Margin | 71.73% |
| Operating Margin | 41.16% |
| Pretax Margin | 42.01% |
| Profit Margin | 31.86% |
| EBITDA Margin | 45.37% |
| EBIT Margin | 42.01% |
| FCF Margin | 36.82% |
Dividends & Yields
This stock pays an annual dividend of $3.92, which amounts to a dividend yield of 3.31%.
| Dividend Per Share | $3.92 |
| Dividend Yield | 3.31% |
| Dividend Growth (YoY) | 11.96% |
| Years of Dividend Growth | 10 |
| Payout Ratio | 85.40% |
| Buyback Yield | 0.17% |
| Shareholder Yield | 3.48% |
| Earnings Yield | 3.90% |
| FCF Yield | 4.50% |
Analyst Forecast
The average price target for Paychex is $121.43, which is 2.58% higher than the current price. The consensus rating is "Hold".
| Price Target | $121.43 |
| Price Target Difference | 2.58% |
| Analyst Consensus | Hold |
| Analyst Count | 14 |
| Revenue Growth Forecast (5Y) | 6.27% |
| EPS Growth Forecast (5Y) | 7.81% |
Stock Splits
The last stock split was on May 23, 2000. It was a forward split with a ratio of 3:2.
| Last Split Date | May 23, 2000 |
| Split Type | Forward |
| Split Ratio | 3:2 |
Scores
Paychex has an Altman Z-Score of 4.12 and a Piotroski F-Score of 7.
| Altman Z-Score | 4.12 |
| Piotroski F-Score | 7 |