PAYX has a higher market value than 93.01% of US stocks; more precisely, its current market capitalization is $25,809,575,548.
PAYX's one year PEG ratio, measuring expected growth in earnings next year relative to current common stock price is 410.96 -- higher than 91.15% of US-listed equities with positive expected earnings growth.
PAYX's went public 31.6 years ago, making it older than 89.08% of listed US stocks we're tracking.
If you're looking for stocks that are quantitatively similar to Paychex Inc, a group of peers worth examining would be CTAS, FAST, DHI, JCI, and VFC.
PAYX's SEC filings can be seen here. And to visit Paychex Inc's official web site, go to www.paychex.com.
Paychex Inc. provides payroll, human resource, insurance, and benefits outsourcing solutions for small to medium-sized businesses in the United States and Germany. The company was founded in 1979 and is based in Rochester, New York.
PAYX Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Paychex Inc with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Paychex Inc ranked in the 29th percentile in terms of potential gain offered. We should note, though, that the most conservative analysis suggests this stock will yield negative results -- and thus may be a potential short opportunity. The most interesting components of our discounted cash flow analysis for Paychex Inc ended up being:
The stock's equity weight, or the proportion of capital from equity relative to debt, is 96. Notably, its equity weight is greater than 92.82% of US equities in the Industrials sector yielding a positive free cash flow.
The business' balance sheet reveals debt to be 4% of the company's capital (with equity being the remaining amount). Approximately only 10.62% of US stocks with free cash flow have a lower reliance on debt in their capital structure.
Paychex Inc's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -363. This coverage rate is greater than that of merely 0.61% of stocks we're observing for the purpose of forecasting via discounted cash flows.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
Want more companies with a valuation profile/forecast similar to that of Paychex Inc? See ENS, FORR, GGG, HURN, and FTDR.
Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the first quarter. You can find articles about an individual hedge fund's trades on numerous financial […]
As business owners across the country focus on getting back to business, 63 percent feel the worst is behind them when it comes to the impact of COVID-19 on their operations, according to new research from Paychex, Inc., a leading provider of human resources, payroll, benefits, and insurance solutions for 670,000 small- and medium-sized businesses. However, 4 in 5 business owners are somewhat or very concerned about a possible second wave of infection.
Paychex Inc. said in a Tuesday release that it is seeing "early signs of moderation and stabilization" in its key business metrics despite the "severe" effects of COVID-19 on the U.S. economy. "We believe our strong balance sheet and operational flexibility will allow us to successfully manage through the current situation while protecting our cash flow and liquidity," the company said. It expects that it will have enough cash to support normal business operations, share repurchases, and dividends "for the foreseeable future." Paychex is working with governments to understand the requirements of new programs impacting its clients, per the release. Shares have fallen 26% over the past three months as the S&P 500 has declined 13%.