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TrueBlue

NYSE:TBI
Snowflake Description

Flawless balance sheet and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TBI
NYSE
$473M
Market Cap
  1. Home
  2. US
  3. Commercial Services
Company description

TrueBlue, Inc., together with its subsidiaries, provides specialized workforce solutions in the United States, Canada, and Puerto Rico. The last earnings update was 44 days ago. More info.


Add to Portfolio Compare Print
  • TrueBlue has significant price volatility in the past 3 months.
TBI Share Price and Events
7 Day Returns
5.8%
NYSE:TBI
2.5%
US Professional Services
2.4%
US Market
1 Year Returns
-44.5%
NYSE:TBI
-6.6%
US Professional Services
-10%
US Market
TBI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
TrueBlue (TBI) 5.8% 0.7% -41.2% -44.5% -47.4% -47.8%
US Professional Services 2.5% -15.9% -18.5% -6.6% 18.1% 30.5%
US Market 2.4% -11% -19.4% -10% 9.6% 21.1%
1 Year Return vs Industry and Market
  • TBI underperformed the Professional Services industry which returned -6.6% over the past year.
  • TBI underperformed the Market in United States of America which returned -10% over the past year.
Price Volatility
TBI
Industry
5yr Volatility vs Market

Value

 Is TrueBlue undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of TrueBlue to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for TrueBlue.

NYSE:TBI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.8%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:TBI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 5.4%
Professional Services Unlevered Beta Simply Wall St/ S&P Global 0.79
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.793 (1 + (1- 21%) (16.99%))
0.932
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.93
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (0.932 * 5.44%)
6.81%

Discounted Cash Flow Calculation for NYSE:TBI using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for TrueBlue is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

NYSE:TBI DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.81%)
2020 50.02 Analyst x3 46.83
2021 68.04 Analyst x3 59.64
2022 66.91 Est @ -1.66% 54.90
2023 66.48 Est @ -0.64% 51.07
2024 66.52 Est @ 0.07% 47.85
2025 66.90 Est @ 0.57% 45.05
2026 67.52 Est @ 0.92% 42.57
2027 68.31 Est @ 1.17% 40.32
2028 69.23 Est @ 1.34% 38.25
2029 70.24 Est @ 1.46% 36.34
Present value of next 10 years cash flows $462.00
NYSE:TBI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $70.24 × (1 + 1.74%) ÷ (6.81% – 1.74%)
$1,408.81
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,408.81 ÷ (1 + 6.81%)10
$728.86
NYSE:TBI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $462.00 + $728.86
$1,190.86
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,190.86 / 34.76
$34.26
NYSE:TBI Discount to Share Price
Calculation Result
Value per share (USD) From above. $34.26
Current discount Discount to share price of $13.60
= -1 x ($13.60 - $34.26) / $34.26
60.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price TrueBlue is available for.
Intrinsic value
>50%
Share price is $13.6 vs Future cash flow value of $34.26
Current Discount Checks
For TrueBlue to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • TrueBlue's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • TrueBlue's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for TrueBlue's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are TrueBlue's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:TBI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-29) in USD $1.63
NYSE:TBI Share Price ** NYSE (2020-04-07) in USD $13.6
United States of America Professional Services Industry PE Ratio Median Figure of 38 Publicly-Listed Professional Services Companies 13.2x
United States of America Market PE Ratio Median Figure of 2,948 Publicly-Listed Companies 12.95x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of TrueBlue.

NYSE:TBI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:TBI Share Price ÷ EPS (both in USD)

= 13.6 ÷ 1.63

8.36x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TrueBlue is good value based on earnings compared to the US Professional Services industry average.
  • TrueBlue is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does TrueBlue's expected growth come at a high price?
Raw Data
NYSE:TBI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.36x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
-9.7%per year
United States of America Professional Services Industry PEG Ratio Median Figure of 31 Publicly-Listed Professional Services Companies 1.18x
United States of America Market PEG Ratio Median Figure of 2,010 Publicly-Listed Companies 0.92x

*Line of best fit is calculated by linear regression .

NYSE:TBI PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.36x ÷ -9.7%

-0.86x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TrueBlue earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on TrueBlue's assets?
Raw Data
NYSE:TBI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-29) in USD $16.82
NYSE:TBI Share Price * NYSE (2020-04-07) in USD $13.6
United States of America Professional Services Industry PB Ratio Median Figure of 58 Publicly-Listed Professional Services Companies 1.98x
United States of America Market PB Ratio Median Figure of 5,162 Publicly-Listed Companies 1.26x
NYSE:TBI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:TBI Share Price ÷ Book Value per Share (both in USD)

= 13.6 ÷ 16.82

0.81x

* Primary Listing of TrueBlue.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TrueBlue is good value based on assets compared to the US Professional Services industry average.
X
Value checks
We assess TrueBlue's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Professional Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Professional Services industry average (and greater than 0)? (1 check)
  5. TrueBlue has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is TrueBlue expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-9.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is TrueBlue expected to grow at an attractive rate?
  • TrueBlue's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.7%.
Growth vs Market Checks
  • TrueBlue's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • TrueBlue's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:TBI Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:TBI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts -9.7%
NYSE:TBI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts -0.7%
United States of America Professional Services Industry Earnings Growth Rate Market Cap Weighted Average 21.9%
United States of America Professional Services Industry Revenue Growth Rate Market Cap Weighted Average 5.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:TBI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:TBI Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 2,336 98 53 5
2020-12-31 2,282 87 45 5
2020-04-08
2019-12-31 2,379 97 65 5
NYSE:TBI Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-29 2,369 94 63
2019-09-29 2,428 110 69
2019-06-30 2,471 113 67
2019-03-31 2,497 102 65
2018-12-30 2,499 126 66
2018-09-30 2,519 88 67
2018-07-01 2,499 85 64
2018-04-01 2,495 91 60
2017-12-31 2,509 100 55
2017-10-01 2,574 129 57
2017-07-02 2,610 142 59
2017-04-02 2,673 155 -18
2017-01-01 2,751 261 -15

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • TrueBlue's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • TrueBlue's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:TBI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from TrueBlue Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:TBI Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.37 1.50 1.30 3.00
2020-12-31 1.18 1.27 1.06 3.00
2020-04-08
2019-12-31 1.66 1.71 1.63 3.00
NYSE:TBI Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-29 1.63
2019-09-29 1.77
2019-06-30 1.70
2019-03-31 1.64
2018-12-30 1.64
2018-09-30 1.67
2018-07-01 1.58
2018-04-01 1.46
2017-12-31 1.35
2017-10-01 1.38
2017-07-02 1.42
2017-04-02 -0.42
2017-01-01 -0.37

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • TrueBlue is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess TrueBlue's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
TrueBlue has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has TrueBlue performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare TrueBlue's growth in the last year to its industry (Professional Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • TrueBlue's year on year earnings growth rate has been positive over the past 5 years.
  • TrueBlue's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • TrueBlue's 1-year earnings growth is negative, it can't be compared to the US Professional Services industry average.
Earnings and Revenue History
TrueBlue's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from TrueBlue Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:TBI Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-29 2,368.78 63.07 520.87
2019-09-29 2,427.89 69.25 525.13
2019-06-30 2,471.46 66.95 541.71
2019-03-31 2,497.17 65.28 547.28
2018-12-30 2,499.21 65.75 543.96
2018-09-30 2,518.69 67.29 536.31
2018-07-01 2,499.09 64.14 523.71
2018-04-01 2,494.92 59.54 514.71
2017-12-31 2,508.77 55.46 510.79
2017-10-01 2,574.10 57.12 510.94
2017-07-02 2,610.41 59.32 514.06
2017-04-02 2,672.90 -17.55 525.10
2017-01-01 2,750.64 -15.25 533.82
2016-09-23 2,826.42 -5.17 538.71
2016-06-24 2,813.24 -8.51 529.15
2016-03-25 2,768.35 72.50 511.22
2015-12-25 2,695.68 71.25 495.99
2015-09-25 2,576.34 70.10 466.49
2015-06-26 2,525.78 70.93 461.69
2015-03-27 2,351.30 69.74 440.19
2014-12-26 2,174.05 65.68 420.58
2014-09-26 1,931.61 53.16 401.56
2014-06-27 1,749.41 51.20 371.41
2014-03-28 1,718.49 47.66 362.60
2013-12-27 1,668.93 44.92 354.85
2013-09-27 1,564.59 37.83 341.15
2013-06-28 1,492.89 33.22 328.62

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • TrueBlue has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • TrueBlue used its assets less efficiently than the US Professional Services industry average last year based on Return on Assets.
  • TrueBlue's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess TrueBlue's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Professional Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
TrueBlue has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is TrueBlue's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up TrueBlue's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • TrueBlue is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • TrueBlue's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of TrueBlue's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 11.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from TrueBlue Company Filings, last reported 3 months ago.

NYSE:TBI Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-29 625.97 37.10 37.61
2019-09-29 620.67 43.80 23.56
2019-06-30 615.01 24.70 23.12
2019-03-31 598.29 42.20 26.33
2018-12-30 591.44 80.00 46.99
2018-09-30 585.16 107.90 34.74
2018-07-01 563.30 117.20 33.41
2018-04-01 563.94 69.62 26.64
2017-12-31 554.85 116.49 28.78
2017-10-01 543.77 134.83 35.06
2017-07-02 533.57 111.19 29.12
2017-04-02 533.79 79.70 26.08
2017-01-01 525.18 135.36 34.97
2016-09-23 512.48 139.38 24.78
2016-06-24 485.65 150.35 21.77
2016-03-25 546.62 165.92 21.89
2015-12-25 535.57 245.66 29.78
2015-09-25 517.28 113.96 23.23
2015-06-26 496.44 102.02 21.29
2015-03-27 475.44 113.08 17.78
2014-12-26 469.33 201.65 21.17
2014-09-26 439.97 177.22 30.99
2014-06-27 416.37 30.82 167.85
2014-03-28 396.80 31.39 160.60
2013-12-27 393.36 31.92 136.75
2013-09-27 376.84 32.52 138.89
2013-06-28 353.49 33.09 136.00
  • TrueBlue's level of debt (5.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (42.1% vs 5.9% today).
  • Debt is well covered by operating cash flow (252.1%, greater than 20% of total debt).
  • TrueBlue earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess TrueBlue's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. TrueBlue has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is TrueBlue's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from TrueBlue dividends. Estimated to be 0% next year.
If you bought $2,000 of TrueBlue shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate TrueBlue's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate TrueBlue's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:TBI Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
United States of America Professional Services Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 1.3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1935 Stocks 2.9%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.9%
United States of America Top 25% Dividend Yield 75th Percentile 5.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:TBI Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 1.00
2020-12-31 0.00 1.00
2020-04-08
2019-12-31 0.00 1.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as TrueBlue has not reported any payouts.
  • Unable to verify if TrueBlue's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of TrueBlue's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as TrueBlue has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of TrueBlue's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess TrueBlue's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can TrueBlue afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. TrueBlue has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of TrueBlue's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
A. Beharelle
COMPENSATION $2,495,541
AGE 49
TENURE AS CEO 1.6 years
CEO Bio

Mr. A. Patrick Beharelle serves as the President at eDebt, Inc. Mr. Beharelle has been the Chief Executive Officer and Director of TrueBlue Inc. since September 1, 2018 and was its President and Chief Operating Officer since May 20, 2015 until September 1, 2018. Mr. Beharelle served as the President and Chief Operating Officer of Trueblue Outsourcing Solutions at Seaton L.L.C from June 30 2014 to May 20, 2015. Mr. Beharelle served as Executive Vice President of Outsourcing Solutions at TrueBlue, Inc. from June 30 2014 to May 20, 2015. He serves as the Chief Executive Officer of PeopleScout Inc. r. Beharelle served as Executive Vice President and Chief Operating Officer of the workforce management group, which included PeopleScout, Staff Management | SMX, Centerline, PlaneTechs, and the Australian-based RPO provider, PeopleScout Pty since June 2014. He served as Chief Executive Officer of Seaton L.L.C. (also known as SeatonCorp), a best-in-class staffing and recruiting company that operated under the PeopleScout, Staff Management and StudentScout brands. He served as the Chief Executive Officer of Staff Management Solutions, LLC since 2009. Mr. Beharelle served as Senior Vice President of Operations at SFN Group, Inc. (formerly, Spherion Corp.) and Head of its RPO division. He is a featured speaker at several key RPO industry events, a regular contributor to industry publications and is a recognized thought leader in the RPO space. He served several years in Accenture’s Strategy Formulation Practice and was President and Co-Founder of a successful, venture-backed financial services provider. Prior to joining CollectionsX.com, Mr. Beharelle was a Director at USWeb/CKS, serving as key strategist for the creation of Internet start-ups. He has also held positions at Merrill Lynch and State Farm. Mr. Beharelle serves on the boards of Directors of the non-profit Skills For Chicagoland’s Future and the Chicagoland Chamber of Commerce. Mr. Beharelle received his MBA degree from The Wharton School, University of Pennsylvania.

CEO Compensation
  • A.'s compensation has increased by more than 20% in the past year whilst earnings fell less than 20%.
  • A.'s remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the TrueBlue management team in years:

1.6
Average Tenure
48.5
Average Age
  • The average tenure for the TrueBlue management team is less than 2 years, this suggests a new team.
Management Team

A. Beharelle

TITLE
CEO & Director
COMPENSATION
$2M
AGE
49
TENURE
1.6 yrs

Derrek Gafford

TITLE
Executive VP & CFO
COMPENSATION
$2M
AGE
48
TENURE
14.3 yrs

Jim Defebaugh

TITLE
Executive VP
COMPENSATION
$1M
AGE
64
TENURE
14.6 yrs

Taryn Owen

TITLE
Executive VP & President of PeopleReady
COMPENSATION
$1M
AGE
40
TENURE
0.4 yrs

Norman Frey

TITLE
Senior VP & Chief Accounting Officer
AGE
63

Jeff Dirks

TITLE
Senior VP
TENURE
0.8 yrs

Jennifer Grasz

TITLE
Vice President of Corporate Communications

Maggie Lower

TITLE
Senior VP & Chief Marketing Officer

Randall Rothschiller

TITLE
Senior VP & Chief Human Resources Officer
TENURE
3.8 yrs

Carl Schweihs

TITLE
Executive VP & President of People Management
AGE
34
TENURE
0.8 yrs
Board of Directors Tenure

Average tenure and age of the TrueBlue board of directors in years:

3.9
Average Tenure
59.5
Average Age
  • The tenure for the TrueBlue board of directors is about average.
Board of Directors

Steve Cooper

TITLE
Chairman
COMPENSATION
$4M
AGE
56
TENURE
1.6 yrs

A. Beharelle

TITLE
CEO & Director
COMPENSATION
$2M
AGE
49

Bonnie Soodik

TITLE
Independent Director
COMPENSATION
$214K
AGE
68
TENURE
10.1 yrs

Jeff Sakaguchi

TITLE
Lead Independent Director
COMPENSATION
$265K
AGE
58
TENURE
3.3 yrs

Kim Jones

TITLE
Independent Director
COMPENSATION
$199K
AGE
59
TENURE
3.9 yrs

Colleen Brown

TITLE
Independent Director
COMPENSATION
$214K
AGE
60
TENURE
5.8 yrs

Bill Goings

TITLE
Independent Director
COMPENSATION
$199K
AGE
61
TENURE
4 yrs

Kristi Savacool

TITLE
Independent Director
COMPENSATION
$103K
AGE
60
TENURE
1.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
15. Aug 19 Sell Jeffrey Sakaguchi Individual 13. Aug 19 14. Aug 19 -30,000 $19.95 $-590,868
06. Aug 19 Sell Taryn Owen Individual 02. Aug 19 02. Aug 19 -7,000 $19.51 $-136,570
09. May 19 Sell Derrek Gafford Individual 07. May 19 08. May 19 -40,000 $24.69 $-966,432
07. May 19 Sell A. Beharelle Individual 03. May 19 03. May 19 -15,700 $24.54 $-385,278
07. May 19 Sell James Defebaugh Individual 06. May 19 06. May 19 -10,000 $24.69 $-246,900
X
Management checks
We assess TrueBlue's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. TrueBlue has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Taking A Look At TrueBlue, Inc.'s (NYSE:TBI) ROE

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for TrueBlue: 11% = US$67m ÷ US$615m (Based on the trailing twelve months to June 2019.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … Does TrueBlue Have A Good Return On Equity? … Companies that can achieve high returns on equity without too much debt are generally of good quality.

Simply Wall St -

The Lead Independent Director of TrueBlue, Inc. (NYSE:TBI), Jeffrey Sakaguchi, Just Sold -53.134021% Of Their Holding

View our latest analysis for TrueBlue TrueBlue Insider Transactions Over The Last Year The Executive VP & CFO, Derrek Gafford, made the biggest insider sale in the last 12 months. … Over the last year, we note insiders sold 128k shares worth US$2.9m. … Insiders sold TrueBlue shares recently, but they didn't buy any.

Simply Wall St -

Have Insiders Been Selling TrueBlue, Inc. (NYSE:TBI) Shares?

So we'll take a look at whether insiders have been buying or selling shares in TrueBlue, Inc. … In the last year TrueBlue insiders didn't buy any company stock. … Insider Ownership of TrueBlue Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own.

Simply Wall St -

TrueBlue, Inc. (NYSE:TBI)'s Earnings Grew 9.7%, Is It Enough?

(NYSE:TBI) announced its most recent earnings (31 March 2019), I did two things: looked at its past earnings track record, then look at what is happening in the industry. … View our latest analysis for TrueBlue Did TBI beat its long-term earnings growth trend and its industry? … You should continue to research TrueBlue to get a more holistic view of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for TBI’s future growth?

Simply Wall St -

Did You Manage To Avoid TrueBlue's (NYSE:TBI) 23% Share Price Drop?

(NYSE:TBI) share price slid 23% over twelve months. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … Even though the TrueBlue share price is down over the year, its EPS actually improved.

Simply Wall St -

Why We’re Not Impressed By TrueBlue, Inc.’s (NYSE:TBI) 9.3% ROCE

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Author Edwin Whiting says to be careful when comparing the ROCE of different businesses, since 'No two businesses are exactly alike.' How Do You Calculate Return On Capital Employed? … The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for TrueBlue: 0.093 = US$83m ÷ (US$1.1b - US$215m) (Based on the trailing twelve months to March 2019.) So, TrueBlue has an ROCE of 9.3%.

Simply Wall St -

Does TrueBlue, Inc. (NYSE:TBI) Have A Particularly Volatile Share Price?

A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market. … The fact that this is well above 1 indicates that its share price movements have shown sensitivity to overall market volatility. … What this means for you: Beta only tells us that the TrueBlue share price is sensitive to broader market movements.

Simply Wall St -

Why TrueBlue, Inc. (NYSE:TBI) Could Have A Place In Your Portfolio

TBI's share price is trading at below its true value, meaning that the market sentiment for the stock is currently bearish. … According to my intrinsic value of the stock, which is driven by analyst consensus forecast of TBI's earnings, investors now have the opportunity to buy into the stock to reap capital gains. … Also, relative to the rest of its peers with similar levels of earnings, TBI's share price is trading below the group's average.

Simply Wall St -

Does TrueBlue, Inc.'s (NYSE:TBI) P/E Ratio Signal A Buying Opportunity?

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … To keep it practical, we'll show how TrueBlue, Inc.'s (NYSE:TBI) P/E ratio could help you assess the value on offer. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

What TrueBlue, Inc.'s (NYSE:TBI) ROE Can Tell Us

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Our data shows TrueBlue has a return on equity of 11% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Company Info

Description

TrueBlue, Inc., together with its subsidiaries, provides specialized workforce solutions in the United States, Canada, and Puerto Rico. It operates through three segments: PeopleReady, PeopleManagement, and PeopleScout. The PeopleReady segment offers a range of contingent staffing solutions for blue-collar, on-demand, and skilled labor in construction, manufacturing and logistics, warehousing and distribution, waste and recycling, energy, retail, hospitality, general labor, and other industries. The PeopleManagement segment provides contingent labor and outsourced industrial workforce solutions. It offers on-site management and recruitment for the contingent industrial workforce of manufacturing, warehouse, and distribution facilities; and recruitment and management of contingent and dedicated commercial drivers to the transportation and distribution industries under the Staff Management, SIMOS Insourcing Solutions, and Centerline Drivers brands. The PeopleScout segment offers permanent employee recruitment process outsourcing services; and manages clients’ contingent labor programs comprising vendor selection, performance management, compliance monitoring, and risk management. The company was formerly known as Labor Ready, Inc. and changed its name to TrueBlue, Inc. in December 2007. TrueBlue, Inc. was incorporated in 1985 and is headquartered in Tacoma, Washington.

Details
Name: TrueBlue, Inc.
TBI
Exchange: NYSE
Founded: 1985
$472,690,916
34,756,685
Website: http://www.trueblue.com
Address: TrueBlue, Inc.
1015 A Street,
Tacoma,
Washington, 98402,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE TBI Common Stock New York Stock Exchange US USD 08. Oct 1990
DB LRY Common Stock Deutsche Boerse AG DE EUR 08. Oct 1990
Number of employees
Current staff
Staff numbers
6,200
TrueBlue employees.
Industry
Human Resource and Employment Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 04:28
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/03/17
Last earnings filing: 2020/02/24
Last earnings reported: 2019/12/29
Last annual earnings reported: 2019/12/29


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.