Paychex, Inc. (PAYX)
NASDAQ: PAYX · Real-Time Price · USD
148.00
-0.73 (-0.49%)
Nov 12, 2024, 4:00 PM EST - Market closed

Paychex Statistics

Total Valuation

Paychex has a market cap or net worth of $53.26 billion. The enterprise value is $52.63 billion.

Market Cap 53.26B
Enterprise Value 52.63B

Important Dates

The next estimated earnings date is Thursday, December 19, 2024, before market open.

Earnings Date Dec 19, 2024
Ex-Dividend Date Nov 7, 2024

Share Statistics

Paychex has 359.90 million shares outstanding. The number of shares has decreased by -0.14% in one year.

Current Share Class 359.90M
Shares Outstanding 359.90M
Shares Change (YoY) -0.14%
Shares Change (QoQ) +0.03%
Owned by Insiders (%) 10.66%
Owned by Institutions (%) 77.93%
Float 321.27M

Valuation Ratios

The trailing PE ratio is 31.56 and the forward PE ratio is 29.31. Paychex's PEG ratio is 4.21.

PE Ratio 31.56
Forward PE 29.31
PS Ratio 10.04
Forward PS 9.30
PB Ratio 13.83
P/TBV Ratio 29.96
P/FCF Ratio 33.45
P/OCF Ratio 30.42
PEG Ratio 4.21
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 22.31, with an EV/FCF ratio of 33.05.

EV / Earnings 30.99
EV / Sales 9.91
EV / EBITDA 22.31
EV / EBIT 24.09
EV / FCF 33.05

Financial Position

The company has a current ratio of 1.38, with a Debt / Equity ratio of 0.23.

Current Ratio 1.38
Quick Ratio 0.60
Debt / Equity 0.23
Debt / EBITDA 0.36
Debt / FCF 0.54
Interest Coverage 58.25

Financial Efficiency

Return on equity (ROE) is 45.67% and return on invested capital (ROIC) is 29.77%.

Return on Equity (ROE) 45.67%
Return on Assets (ROA) 12.03%
Return on Capital (ROIC) 29.77%
Revenue Per Employee $319,928
Profits Per Employee $102,325
Employee Count 16,600
Asset Turnover 0.47
Inventory Turnover n/a

Taxes

In the past 12 months, Paychex has paid $527.40 million in taxes.

Income Tax 527.40M
Effective Tax Rate 23.69%

Stock Price Statistics

The stock price has increased by +28.22% in the last 52 weeks. The beta is 0.99, so Paychex's price volatility has been similar to the market average.

Beta (5Y) 0.99
52-Week Price Change +28.22%
50-Day Moving Average 138.42
200-Day Moving Average 126.70
Relative Strength Index (RSI) 67.64
Average Volume (20 Days) 1,513,171

Short Selling Information

The latest short interest is 18.93 million, so 5.26% of the outstanding shares have been sold short.

Short Interest 18.93M
Short Previous Month 18.89M
Short % of Shares Out 5.26%
Short % of Float 5.89%
Short Ratio (days to cover) 10.32

Income Statement

In the last 12 months, Paychex had revenue of $5.31 billion and earned $1.70 billion in profits. Earnings per share was $4.69.

Revenue 5.31B
Gross Profit 3.81B
Operating Income 2.18B
Pretax Income 2.22B
Net Income 1.70B
EBITDA 2.36B
EBIT 2.18B
Earnings Per Share (EPS) $4.69
Full Income Statement

Balance Sheet

The company has $1.50 billion in cash and $867.00 million in debt, giving a net cash position of $631.00 million or $1.75 per share.

Cash & Cash Equivalents 1.50B
Total Debt 867.00M
Net Cash 631.00M
Net Cash Per Share $1.75
Equity (Book Value) 3.85B
Book Value Per Share 10.70
Working Capital 2.02B
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $1.75 billion and capital expenditures -$158.30 million, giving a free cash flow of $1.59 billion.

Operating Cash Flow 1.75B
Capital Expenditures -158.30M
Free Cash Flow 1.59B
FCF Per Share $4.42
Full Cash Flow Statement

Margins

Gross margin is 71.77%, with operating and profit margins of 41.13% and 31.98%.

Gross Margin 71.77%
Operating Margin 41.13%
Pretax Margin 41.91%
Profit Margin 31.98%
EBITDA Margin 44.42%
EBIT Margin 41.13%
FCF Margin 32.90%

Dividends & Yields

This stock pays an annual dividend of $3.92, which amounts to a dividend yield of 2.65%.

Dividend Per Share $3.92
Dividend Yield 2.65%
Dividend Growth (YoY) 10.69%
Years of Dividend Growth 10
Payout Ratio 83.58%
Buyback Yield 0.14%
Shareholder Yield 2.79%
Earnings Yield 3.19%
FCF Yield 2.99%
Dividend Details

Analyst Forecast

The average price target for Paychex is $130.77, which is -11.64% lower than the current price. The consensus rating is "Hold".

Price Target $130.77
Price Target Difference -11.64%
Analyst Consensus Hold
Analyst Count 13
Revenue Growth Forecast (5Y) 6.44%
EPS Growth Forecast (5Y) 7.65%
Stock Forecasts

Stock Splits

The last stock split was on May 23, 2000. It was a forward split with a ratio of 1.5:1.

Last Split Date May 23, 2000
Split Type Forward
Split Ratio 1.5:1

Scores

Paychex has an Altman Z-Score of 5.65 and a Piotroski F-Score of 6.

Altman Z-Score 5.65
Piotroski F-Score 6