Definitive Analysis
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Definitive Analysis

Financial Statements

Analysis Mode

Ticker

Industry

Sector

TriNet Group, Inc. (TNET)

Company Dividend Discount ModelIndustry: Staffing & Employment ServicesSector: Industrials

Valuation Snapshot

Stable Growth$21.71 - $32.10$26.68
Multi-Stage$34.76 - $38.14$36.42
Blended Fair Value$31.55
Current Price$66.89
Upside-52.83%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%0.00%0.760.000.000.000.000.000.000.000.000.00
YoY Growth--0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--0.95%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)133.00
(-) Cash Dividends Paid (M)51.00
(=) Cash Retained (M)82.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)26.6016.639.98
Cash Retained (M)82.0082.0082.00
(-) Cash Required (M)-26.60-16.63-9.98
(=) Excess Retained (M)55.4065.3872.03
(/) Shares Outstanding (M)49.0049.0049.00
(=) Excess Retained per Share1.131.331.47
LTM Dividend per Share1.041.041.04
(+) Excess Retained per Share1.131.331.47
(=) Adjusted Dividend2.172.382.51
WACC / Discount Rate8.77%8.77%8.77%
Growth Rate-1.12%-0.12%0.88%
Fair Value$21.71$26.68$32.10
Upside / Downside-67.55%-60.11%-52.01%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)133.00132.84132.68132.51132.35132.19136.16
Payout Ratio38.35%48.68%59.01%69.34%79.67%90.00%92.50%
Projected Dividends (M)51.0064.6678.2991.88105.45118.97125.95

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.77%8.77%8.77%
Growth Rate-1.12%-0.12%0.88%
Year 1 PV (M)58.8559.4560.04
Year 2 PV (M)64.8666.1767.51
Year 3 PV (M)69.2871.4073.57
Year 4 PV (M)72.3675.3478.40
Year 5 PV (M)74.3278.1582.14
PV of Terminal Value (M)1,363.721,434.091,507.33
Equity Value (M)1,703.391,784.601,869.00
Shares Outstanding (M)49.0049.0049.00
Fair Value$34.76$36.42$38.14
Upside / Downside-48.03%-45.55%-42.98%

High-Yield Dividend Screener

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