Paychex Inc. (PAYX)

Index:

Nasdaq 100

$ 156.99
   
  • Change Today:
    $-1.98
  • 52 Week High: $159.75
  • 52 Week Low: $116.17
  • Currency: US Dollars
  • Shares Issued: 360.10m
  • Volume: 1,483,969
  • Market Cap: $56,532m
  • RiskGrade: 95

Fundamentals - based on IFRS

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Income Statement 31-May-24 31-May-23 31-May-22 31-May-21 31-May-20
Continuing Operations          
Revenue 5,278.30 5,007.10 4,611.70 4,056.80 4,040.50
Operating Profit/(Loss) 2,174.10 2,033.10 1,840.00 1,460.70 1,460.50
Profit Before Tax 2,218.00 2,048.20 1,824.60 1,434.20 1,437.10
Profit After Tax 1,690.40 1,557.30 1,392.80 1,097.50 1,098.10
           
Earnings per Share - Basic 469.00¢ 432.00¢ 386.00¢ 305.00¢ 306.00¢
Earnings per Share - Adjusted 469.00¢ 432.00¢ 386.00¢ 305.00¢ 306.00¢
           
Dividend per Share 365.00¢ 326.00¢ 277.00¢ 252.00¢ 248.00¢
  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Balance Sheet 31-May-24 31-May-23 31-May-22 31-May-21 31-May-20
Assets          
Non-Current Assets          
Property, Plant & Equipment 458.60 457.80 480.00 498.80 522.20
Intangible Assets 2,077.20 2,021.40 2,056.10 2,096.50 2,121.70
Other Non-Current Assets 595.80 600.60 517.50 462.40 442.20
  3,131.60 3,079.80 3,053.60 3,057.70 3,086.10
Current Assets          
Inventories n/a n/a n/a n/a n/a
Cash at Bank & in Hand 1,468.90 1,222.00 370.00 995.20 905.20
Other Current Assets 5,782.60 6,306.10 6,211.60 5,174.30 4,559.40
  7,251.50 7,528.10 6,581.60 6,169.50 5,464.60
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 10,383.10 10,546.40 9,635.20 9,227.20 8,550.70
Current Liabilities          
Borrowings 18.70 10.20 8.70 7.40 5.10
Other Current Liabilities 5,290.40 5,795.20 5,260.50 1,259.80 4,421.80
           
Current Liabilities 5,309.10 5,805.40 5,269.20 1,267.20 4,426.90
           
Net Current Assets c1,942.40 c1,722.70 c1,312.40 c4,902.30 c1,037.70
           
Borrowings 847.60 855.50 872.50 889.70 893.70
Other Non-Current Liabilities 425.40 392.30 408.30 4,122.30 448.70
Non-Current Liabilities 1,273.00 1,247.80 1,280.80 5,012.00 1,342.40
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 6,582.10 7,053.20 6,550.00 6,279.20 5,769.30
           
Net Assets 3,801.00 3,493.20 3,085.20 2,948.00 2,781.40
           
Shareholders Funds 2,213.00 2,023.10 3,085.20 2,948.00 2,781.40
           
Minority Interests/Other Equity (145.10) (159.90) n/a n/a n/a
Total Equity 3,801.00 3,493.20 3,085.20 2,948.00 2,781.40
Cash Flow 31-May-24 31-May-23 31-May-22 31-May-21 31-May-20
Net Cash Flow From Operating Activities 1,897.70 1,706.20 1,505.50 1,260.30 1,440.90
Net Cash Flow from Investing Activities (260.90) 211.70 (1,420.90) (460.60) 771.90
Net Cash Flow from Financing Activities (1,874.70) (711.40) (979.30) (636.40) (1,488.20)
Net Increase/Decrease In Cash (237.90) 1,206.50 (894.70) 163.30 724.60
Ratios - based on IFRS 31-May-24 31-May-23 31-May-22 31-May-21 31-May-20
Continuing Operations          
PE Ratio - Adjusted 25.6 24.3 32.1 33.2 23.6
PEG - Adjusted 2.8 2.0 1.2 n/a 3.9
Earnings per Share Growth - Adjusted 9% 12% 27% -0% 6%
Dividend Cover 1.28 1.33 1.39 1.21 1.23
Revenue per Share 1,465.79¢ 1,390.47¢ 1,280.67¢ 11.37¢ 1,122.05¢
Pre-Tax Profit per Share 615.94¢ 568.79¢ 506.69¢ 4.02¢ 399.08¢
Operating Margin 41.19% 40.60% 39.90% 36.01% 36.15%
Return on Capital Employed 85.63% 87.62% 95.51% 0.83% 92.21%
           
Dividend Yield 3.0% 3.1% 2.2% 2.5% 3.4%
Dividend per Share Growth 11.96% 17.69% 9.92% 1.61% 7.83%
Operating Cash Flow per Share 526.99¢ 473.81¢ 418.08¢ 349.99¢ 400.14¢
Cash Incr/Decr per Share (66.06¢) 335.05¢ (248.46¢) 0.46¢ 201.22¢
Net Asset Value per Share (exc. Intangibles) 478.70¢ 408.72¢ 285.78¢ 236.46¢ 183.20¢
Net Gearing -27.23% -17.61% 16.57% -3.33% -0.23%

Key

* GAAP

a. Includes discontinued activities

b. Including assets due in more than one year

c. Not disclosed under IFRS

d. Total fixed assets

e. Includes borrowings

f. Included in cash flow from operating activities under IFRS

g. Included in net cash from investing activities under IFRS

h. Pre-tax

i. Capital expenditure

j. Based on operating cash flow before tax

k. Issue of ordinary shares

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Forecast figures based on normalised accounts.

 

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