Paychex, Inc. engages in the provision of human capital management solutions for payroll, human resource, insurance, and retirement for small and medium sized businesses. Its solutions include payroll services, hiring services, business insurance, time and attendance, employee benefits, finance and payments, human resources services, and startup services. The company was founded by Blase Thomas Golisano in 1971 and is headquartered in Rochester, NY.
Highlights
The quick ratio has grown by 32% year-on-year and by 5% since the previous quarter
The equity rose by 10% year-on-year
The stock's price to earnings (P/E) is 10% more than its last 4 quarters average of 25.9 and 9% more than its 5-year quarterly average of 26.3
PAYX's EPS is down by 4.9% since the previous quarter
Key stats
What are the main financial stats of PAYX
Market
Shares outstanding
359.5M
Market cap
$29.88B
Enterprise value
$29.89B
Valuations
Price to earnings (P/E)
28.56
Price to book (P/B)
10.73
Price to sales (P/S)
7.5
EV/EBIT
21.83
EV/EBITDA
18.97
EV/Sales
7.51
Earnings
Revenue
$3.98B
EBIT
$1.37B
EBITDA
$1.58B
Free cash flow
$1.24B
Per share
EPS
$2.91
Free cash flow per share
$3.45
Book value per share
$7.74
Revenue per share
$11.09
TBVPS
$17.45
Balance sheet
Total assets
$8.38B
Total liabilities
$5.6B
Debt
$898.1M
Equity
$2.78B
Working capital
$1.08B
Liquidity
Debt to equity
0.32
Current ratio
1.25
Quick ratio
0.41
Net debt/EBITDA
0.01
Margins
EBITDA margin
39.6%
Gross margin
68.3%
Net margin
26.3%
Operating margin
35.1%
Efficiency
Return on assets
11.9%
Return on equity
38.4%
Return on invested capital
68.1%
Return on capital employed
33.3%
Return on sales
34.4%
Dividend
Dividend yield
2.98%
DPS
$2.48
Payout ratio
85.2%
PAYX stock price
How has the Paychex stock price performed over time
Financial performance
How have Paychex's revenue and profit performed over time
Revenue
$3.98B
Gross profit
$2.72B
Operating income
$1.4B
Net income
$1.05B
Gross margin
68.3%
Net margin
26.3%
The net income has declined by 4.8% since the previous quarter
Paychex's operating income has decreased by 4.5% QoQ
The company's net margin fell by 3.3% QoQ and by 2.6% YoY
PAYX's operating margin is down by 2.8% since the previous quarter and by 2.2% year-on-year
Growth
What is Paychex's growth rate over time
Valuation
What is Paychex stock price valuation
P/E
28.56
P/B
10.73
P/S
7.5
EV/EBIT
21.83
EV/EBITDA
18.97
EV/Sales
7.51
The stock's price to earnings (P/E) is 10% more than its last 4 quarters average of 25.9 and 9% more than its 5-year quarterly average of 26.3
PAYX's EPS is down by 4.9% since the previous quarter
The equity rose by 10% year-on-year
The P/B is 4.2% more than the last 4 quarters average of 10.3
PAYX's price to sales (P/S) is 9% higher than its last 4 quarters average of 6.9 and 6% higher than its 5-year quarterly average of 7.1
Paychex's revenue has increased by 2% YoY
Efficiency
How efficient is Paychex business performance
PAYX's return on invested capital is down by 18% year-on-year and by 5% since the previous quarter
The ROE has decreased by 7% YoY and by 7% from the previous quarter
PAYX's ROA is down by 4% since the previous quarter and by 2.5% year-on-year
PAYX's return on sales is down by 3.4% since the previous quarter and by 3.4% year-on-year
Dividends
What is PAYX's dividend history
DPS
$2.48
Dividend yield
2.98%
Payout ratio
85.2%
Recent dividends
Financial health
How did Paychex financials performed over time
The total assets is 50% more than the total liabilities
The quick ratio has grown by 32% year-on-year and by 5% since the previous quarter
PAYX's total liabilities is down by 9% year-on-year and by 3% since the previous quarter
The company's debt is 68% lower than its equity
All financial data is based on trailing twelve months (TTM) periods - updated
quarterly, unless otherwise specified.