Paychex, Inc.
NasdaqGS-PAYX
Company Overview
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.
Name
Paychex, Inc.
CEO
Mr. John B. Gibson Jr.
Website
www.paychex.com
Sector
Professional Services
Year Founded
1971
Profile
Market Cap
$48.6B
EV
$47.98B
Shares Out
359.74M
Revenue
$5,278.3M
Employees
16,500
Margins
Gross
71.97%
EBITDA
44.53%
Operating
41.19%
Pre-Tax
42.02%
Net
32.03%
FCF
32.9%
Returns (5Yr Avg)
ROA
13.83%
ROTA
47.75%
ROE
43.48%
ROCE
40.61%
ROIC
17.47%
Valuation (TTM)
P/E
—
P/B
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—
EV/Gross Profit
—
Valuation (NTM)
Price Target
$121.55
P/E
—
PEG
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—
Financial Health
Cash
$1,502.8M
Net Debt
-$617.3M
Debt/Equity
0.23
EBIT/Interest
58.29
Growth (CAGR)
Rev 3Yr
9.17%
Rev 5Yr
6.95%
Rev 10Yr
7.68%
Dil EPS 3Yr
15.51%
Dil EPS 5Yr
10.3%
Dil EPS 10Yr
10.57%
Rev Fwd 2Yr
5.05%
EBITDA Fwd 2Yr
5.98%
EPS Fwd 2Yr
5.85%
EPS LT Growth Est
7.36%
Dividends
Yield
—
Payout
77.8%
DPS
$3.65
DPS Growth 3Yr
13.14%
DPS Growth 5Yr
9.68%
DPS Growth 10Yr
10.06%
DPS Growth Fwd 2Yr
6.13%