Paychex, Inc.
PAYX113.03
Paychex, Inc.
NASDAQ:PAYX
RECENT
PRICE
113.03
P/E
RATIO
27.98
(PEG:1.05)
P/E RATIO
RELATIVE
TO S&P
1.41
DIV
YLD
2.48%
High:
Low:
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Legends
Stock price
1.00 Beta (1.0 Market)
0
0
0
0
0
0
0
0
0
% total return 01/23:
Stock
S&P
1y.
0
0
3y.
0
0
5y.
0
0
0
Percent shares traded:
0
0
0
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
TTM
Fiscal year
4.95
1.35
1.45
0.79
5.61
1.56
1.74
1.20
5.56
1.48
1.73
1.24
5.38
1.32
1.49
1.24
5.63
1.42
1.70
1.24
6.15
1.51
1.70
1.27
6.39
1.56
1.58
1.31
6.91
1.72
2.19
1.40
7.55
1.86
2.18
1.52
8.18
2.10
2.55
1.68
8.76
2.27
2.41
1.84
9.42
2.60
3.13
2.06
10.50
2.88
3.20
2.30
11.27
3.06
3.66
2.48
11.27
3.05
3.18
2.52
12.79
3.86
3.81
2.77
13.34
4.05
4.16
3.03
Revenue per share
Earnings per share
Free Cash Flow per sh
Dividends per share
0.21
5.12
0.22
3.25
0.18
3.72
0.20
3.88
0.28
4.14
0.25
4.43
0.27
4.88
0.23
4.88
0.28
4.92
0.27
5.30
0.26
5.43
0.43
5.64
0.34
7.29
0.35
7.76
0.32
8.19
0.37
8.56
0.37
8.80
CAPEX per share
Book Value per share
381
368
361
361
362
362
364
365
363
361
360
359
359
359
360
361
361
Comm.Shares outs.(m)
29.8
1.7
2.0%
20.5
1.0
3.7%
18.4
0.3
4.6%
21.7
1.0
4.3%
21.1
1.3
4.1%
21.1
1.4
4.0%
24.2
1.4
3.5%
24.9
1.4
3.3%
26.1
1.3
3.1%
26.4
1.2
3.0%
26.7
1.1
3.0%
25.9
1.0
3.1%
28.1
1.2
2.8%
25.4
0.7
3.2%
35.0
1.2
2.4%
31.6
1.5
2.3%
28.0
1.4
2.5%
Avg. annual P/E ratio
P/E relative to S&P500
Avg. annual div. yield
Capital Structure (30/11/22 | Q2)
Total liabilities
$6,009 m.
Total assets
$9,214 m.
Long-term debt
$865 m.
Cash and equiv.
$1,097 m.
Goodwill $1,830 m.
Retained earnings $1,811 m.
Common stock 362 m. shares
Market Capitalisation
$40,852 m. (as of 28/1/23)
2,230
38.3%
2,326
38.9%
2,519
39.0%
2,740
38.5%
2,952
38.8%
3,151
39.3%
3,381
38.1%
3,773
36.3%
4,041
36.1%
4,057
36.0%
4,612
39.9%
4,817
39.8%
Revenue (m)
Operating margin
98
548
98
569
105
628
107
675
115
757
127
817
138
934
182
1,034
210
1,098
192
1,098
192
1,393
197
1,467
Depreciation (m)
Net profit (m)
36.3%
24.6%
37.6%
24.5%
36.5%
24.9%
36.3%
24.6%
34.3%
25.6%
34.3%
25.9%
28.0%
27.6%
24.4%
27.4%
23.6%
27.2%
23.5%
27.1%
23.7%
30.2%
23.3%
30.3%
Income tax rate
Net profit margin
330
- -
1,605
564
- -
1,774
573
- -
1,777
530
- -
1,786
498
- -
1,912
547
- -
1,955
497
- -
2,025
833
796
2,620
1,038
894
2,781
1,231
890
2,948
1,312
873
3,085
1,444
865
3,205
Working capital (m)
Long-term debt (m)
Equity (m)
31.6%
13.3%
34.2%
30.0%
14.8%
32.1%
32.5%
15.5%
35.3%
35.4%
16.4%
37.8%
36.5%
17.9%
39.6%
38.8%
18.3%
41.8%
43.0%
17.4%
46.1%
27.3%
16.0%
39.5%
27.3%
17.3%
39.5%
26.2%
15.9%
37.2%
32.5%
19.3%
45.1%
33.3%
21.0%
45.8%
ROIC
Return on capital
Return on equity
Working Capital
2020
2021
2022
Cash assets
932
1,022
397
Receivables
790
1,054
1,318
Inventory
- -
- -
- -
Other
3,742
4,084
4,040
Current assets
5,465
6,170
6,582
Acc. Payable
79
89
106
Debt due
5
7
9
Other
4,342
4,842
5,155
Current liab.
4,427
4,938
5,269
16.0%
74.6%
16.2%
82.7%
18.6%
95.4%
18.2%
92.7%
19.9%
77.6%
19.0%
95.7%
20.8%
78.7%
20.1%
77.0%
19.0%
80.8%
17.2%
92.9%
28.2%
83.4%
25.5%
82.4%
Plowback ratio
Div.&Repurch. to FCF
Paychex, Inc. (US) started trading on June 0, 2005 (cik: 0000723531), operates in the Industrials sector (Staffing & Employment Services industry), has 16,000 full-time employees, and is led by Mr. Martin Mucci. Paychex, Inc. provides integrated human capital management solutions for human resources (HR), payroll, benefits, and insurance services for small to medium-sized businesses in the United States, Europe, and India. It offers payroll processing services; payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing. The company also provides HR solutions, including payroll, employer compliance, HR and employee benefits administration, risk management outsourcing, and the on-site availability of a professionally trained HR representative; and retirement services administration, including plan implementation, ongoing compliance with government regulations, employee and employer reporting, participant and employer online access, electronic funds transfer, and other administrative services. In addition, it offers cloud-based HR administration software products for employee benefits management and administration, time and attendance, digital communication solutions, recruiting, and onboarding solutions; plan administration outsourcing and state unemployment insurance services; various business services to small to medium-sized businesses comprising payroll funding and outsourcing services, which include payroll processing, invoicing, and tax preparation; and payment processing services, financial fitness programs, and a small-business loan resource center. Further, the company provides insurance services for property and casualty coverage, such as workers' compensation, business-owner policies, cyber security protection, and commercial auto, as well as health and benefits coverage, including health, dental, vision, and life. It markets and sells its services primarily through its direct sales force. The company was founded in 1971 and is headquartered in Rochester, New York.
Annual rates
(avg rate of change)
Past
5 y.
Past
10 y.
Revenues
8.19%
7.96%
Cash flow
5.94%
11.25%
Earnings
10.95%
10.67%
Dividends
7.88%
8.61%
Book value
11.55%
6.64%
Insider trading
Type
Shares
Date
Gibson John B
Sale
194
01/13/23
Gioja Michael E
Sale
13,744
12/28/22
Golisano B Thomas
Gift
813
11/30/22
Rivera Efrain
Sale
298
10/20/22
Gioja Michael E
Sale
249
10/20/22
Fiscal Year Ends
Quarterly Revenue (m)
Full fiscal year
I
II
III
IV
2021
932
984
1,112
1,029
4,057
2022
1,083
1,108
1,276
1,144
4,611
2023
1,206
1,190
- -
- -
- -
Fiscal Year Ends
Earnings per share
Full fiscal year
I
II
III
IV
2021
0.59
0.76
0.97
0.73
3.05
2022
0.93
0.92
1.19
0.82
3.86
2023
1.05
0.99
- -
- -
- -
Fiscal Year Ends
Quarterly dividends paid
Full fiscal year
I
II
III
IV
2021
0.62
0.62
0.62
0.66
2.52
2022
0.66
0.66
0.66
0.79
2.77
2023
0.79
0.79
- -
- -
- -
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