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 22% since the previous quarter and by 18% year-on-year
The stock's price to earnings (P/E) is 10% less than its last 4 quarters average of 26.3 and 10% less than its 5-year quarterly average of 26.2
The company's debt rose by 11% YoY but it fell by 6% QoQ
Key stats
What are the main financial stats of PAYX
Market
Shares outstanding
358.77M
Market cap
$26.04B
Enterprise value
$25.99B
Valuations
Price to earnings (P/E)
23.72
Price to book (P/B)
9.36
Price to sales (P/S)
6.44
EV/EBIT
18.08
EV/EBITDA
15.78
EV/Sales
6.43
Earnings
Revenue
$4.04B
EBIT
$1.44B
EBITDA
$1.65B
Free cash flow
$1.31B
Per share
EPS
$3.06
Free cash flow per share
$3.66
Book value per share
$7.75
Revenue per share
$11.27
TBVPS
$17.93
Balance sheet
Total assets
$8.55B
Total liabilities
$5.77B
Debt
$898.8M
Equity
$2.78B
Working capital
$1.04B
Liquidity
Debt to equity
0.32
Current ratio
1.23
Quick ratio
0.39
Net debt/EBITDA
-0.03
Margins
EBITDA margin
40.8%
Gross margin
68.3%
Net margin
27.2%
Operating margin
36.1%
Efficiency
Return on assets
12.4%
Return on equity
41.3%
Return on invested capital
72%
Return on capital employed
34.8%
Return on sales
35.6%
Dividend
Dividend yield
3.42%
DPS
$2.48
Payout ratio
81%
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
$4.04B
Gross profit
$2.76B
Operating income
$1.46B
Net income
$1.1B
Gross margin
68.3%
Net margin
27.2%
Paychex's revenue has increased by 7% YoY
Paychex's operating income has increased by 7% YoY
Paychex's gross profit has increased by 6% YoY
The net income has increased by 6% year-on-year
Valuation
What is Paychex stock price valuation
P/E
23.72
P/B
9.36
P/S
6.44
EV/EBIT
18.08
EV/EBITDA
15.78
EV/Sales
6.43
The stock's price to earnings (P/E) is 10% less than its last 4 quarters average of 26.3 and 10% less than its 5-year quarterly average of 26.2
PAYX's EPS is up by 6% year-on-year
The P/B is 13% less than the 5-year quarterly average of 10.8 and 13% less than the last 4 quarters average of 10.8
The equity rose by 6% year-on-year
PAYX's price to sales (P/S) is 9% lower than its last 4 quarters average of 7.1 and 8% lower than its 5-year quarterly average of 7.0
Paychex's revenue has increased by 7% YoY
Efficiency
How efficient is Paychex business performance
PAYX's return on invested capital is down by 20% year-on-year and by 3.9% since the previous quarter
The ROE has decreased by 2.4% from the previous quarter
Dividends
What is PAYX's dividend history
DPS
$2.48
Dividend yield
3.42%
Payout ratio
81%
Recent dividends
Financial health
How did Paychex financials performed over time
The total assets is 48% more than the total liabilities
The quick ratio has grown by 22% since the previous quarter and by 18% year-on-year
PAYX's total liabilities is down by 14% since the previous quarter and by 4.7% year-on-year
The company's debt is 68% lower than its equity
The company's debt rose by 11% YoY but it fell by 6% QoQ
PAYX's debt to equity is down by 9% since the previous quarter but it is up by 3.2% year-on-year
All financial data is based on trailing twelve months (TTM) periods - updated
quarterly, unless otherwise specified.