CBIZ, Inc.

CBIZ, Inc.

CBZยทNYSE

$32.25

-7.0%
IndustrialsSpecialty Business Services

CBIZ, Inc. provides financial, insurance, and advisory services in the United States and Canada. The company operates through three segments: Financial Services, Benefits and Insurance Services, and National Practices. The Financial Services segment offers accounting and tax, financial advisory, valuation, risk and advisory, and government healthcare consulting services. The Benefits and Insurance Services provides employee benefits consulting, payroll/human capital management, property and casualty insurance, and retirement and investment services. The National Practices segment offers information technology managed networking and hardware, and health care consulting services. It primarily serves small and medium-sized businesses, as well as individuals, governmental entities, and not-for-profit enterprises. The company was incorporated in 1987 and is headquartered in Cleveland, Ohio.

At a Glance

Live Snapshot
Market Cap$1.73B
EPS1.8300
P/E Ratio17.62
Earnings Date07/29/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

High confidence

Valuation multiple is mid-range (P/E 17.6).

Valuation inputs: P/E 17.6, earnings yield +5.7%, momentum -7.0%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE +6.6%, ROIC +4.2%).

Profitability stack: net margin +4.2%, ROE +6.6%, ROIC +4.2%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +61.6%, momentum -7.0%, net margin +4.2%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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CBIZ, Inc. Market vs Earnings Trajectory

CBZ ยท NYSE

Loading price and EPS data...

CBIZ, Inc.

CBIZ, Inc. Fair Value Envelope

CBZ ยท NYSE

Our analysis suggests that CBZ has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $32.25, this represents a potential HIDDEN relative to our calculated worth for CBIZ, Inc..

Intrinsic Value
Current Price: $32.25
3Y-11.0%
5Y+27.0%
10Y+138.0%
3Y+95.0%
5Y+186.0%
10Y+245.0%
3Y+10.0%
5Y+47.0%
10Y+188.0%
3Y+53.0%
5Y+31.0%
10Y+171.0%
3Y+49.0%
5Y+30.0%
10Y+162.0%
3Y+138.0%
5Y+194.0%
10Y+310.0%
CBIZ, Inc.

CBIZ, Inc. Profit Bridge

CBZ ยท NYSE
Revenue2.76B
Cost of Goods Sold (2.40B)
Gross Profit355.39M
Operating Expenses (121.38M)
Operating Income234.01M
Interest Expense (107.22M)
Other Income/Expense-73.17M
Pretax Income160.84M
Income Tax (45.39M)
Net Income115.44M
Net Income
115.44M

Profitability Analysis

Gross Margin

12.9%

Thin margins leave little room for error. Cost management and pricing strategy are critical.

Operating Margin

8.5%

Acceptable margins but limited operational leverage. Operating expense control is important.

Net Profit Margin

4.2%

Minimal profitability after all expenses. Limited financial flexibility for reinvestment or shareholder returns.

Effective Tax Rate

28.2%

Higher tax burden may reflect limited tax optimization or operations in high-tax jurisdictions.

Profitability Insight

Efficient profit conversion: Minimal margin compression from gross to net indicates lean operations and favorable tax/interest environment.

12.89%
Gross Profit Margin
28%
3Y-19.0%
5Y-10.0%
10Y+1.0%
8.48%
Operating Profit Margin
109%
3Y-29.0%
5Y-12.0%
10Y+3.0%
4.19%
Net Profit Margin
85%
3Y-44.0%
5Y-48.0%
10Y-16.0%
6.55%
Return on Equity
184%
3Y-56.0%
5Y-41.0%
10Y-23.0%
2.52%
Return on Assets
174%
3Y-54.0%
5Y-50.0%
10Y-30.0%
4.22%
Return on Invested Capital
229%
3Y-51.0%
5Y-27.0%
10Y-17.0%
CBZ

CBIZ, Inc. Cash Conversion Engine

CBZ ยท NYSE
Net Income115.44M
Depreciation & Amortization98.27M
Stock-Based Compensation26.00M
Change in Working Capital-71.64M
Others19.78M
Capital Expenditures-16.96M
Free Cash Flow175.53M

Cash Flow Quality Analysis

FCF Conversion Rate

152.0%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

8.8%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

+58.4%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

-$71.64M

Moderate working capital outflow. Typical for growing businesses, but ensure it's supporting revenue growth, not inefficiency.

Cash Flow Quality Insight

Exceptional cash generation: High-quality earnings converting to growing free cash flow. The company demonstrates strong pricing power, efficient operations, and disciplined capital allocation.

cbz

CBIZ, Inc. Funding & Solvency Profile

CBZ ยท NYSE
Cash & Cash Equivalents28.72M
Net Receivables769.44M
Inventory0.00
Other Current Assets0.00
Total Current Assets798 M
Property, Plant & Equipment0.00
Goodwill & Intangible Assets2.86B
Long-Term Investments362.00K
Other Non-Current Assets-362.00K
Total Non-Current Assets0
Total Assets
4.63B

Financial Health Analysis

Current Ratio

1.58x

Strong liquidity. The company has adequate resources to meet short-term liabilities.

Debt-to-Equity Ratio

1.44x

Elevated leverage. Debt exceeds equity, which amplifies both gains and risks. Monitor debt servicing ability.

Working Capital

292 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

17% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

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CBIZ, Inc. Street Expectations Map

CBZ ยท NYSE

Wall Street analysts project that CBZ stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 39.50, with estimates ranging from a low of 37.00 to a high of 42.00.

Lowest Target
37.00
14.73%
Consensus Target
39.50
22.48%
Highest Target
42.00
30.23%

The consensus 1-year price target stands at 39.50, with estimates ranging from a low of 37.00 to a high of 42.00.

Analyst Consensus Analysis

Upside Potential

+22.5%

Strong upside potential. Consensus indicates attractive return opportunity with favorable risk-reward profile.

Analyst Agreement

12.7% spread

High analyst agreement. Narrow target range indicates strong consensus on valuation, suggesting clear investment thesis and predictable outlook.

Analyst Conviction

Very High

Strong buy conviction: High upside with tight consensus suggests compelling investment opportunity backed by analyst confidence.

Market Sentiment Insight

Rare opportunity: Exceptional upside potential with strong analyst consensus creates a compelling setup. The combination of significant price target premium and tight agreement suggests high-conviction undervaluation that may attract institutional capital.

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CBIZ, Inc. Insider Positioning

CBZ ยท NYSE

During the last 12 months, insiders have purchased $683K and sold $885K worth of CBZ shares, resulting in $202K of net selling activity.

3 Months

Bought

13.8K

357.77K

Sold

18.0K

473.91K

Net Activity

-116K

-$116K

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

2.1K

99.93K

Sold

8.3K

410.61K

Net Activity

-311K

-$311K

9-12 Months

Bought

3.6K

224.87K

Sold

0

0.00

Net Activity

+225K

+$225K

Top Buyers

1
LBS

Lakhia Brad S.

Officer: Senior Vice President & Cfo

16.4K sharesโ€ข3 transactions

$532K

2
YRA

Young Rodney A

Director

3.0K sharesโ€ข2 transactions

$151K

Top Sellers

1
WBP

Wiley Benaree Pratt

Director

26.2K sharesโ€ข2 transactions

$885K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Slightly bearish with $202K net selling. Selling modestly exceeds buying, which could be routine diversification rather than concern.

Buy/Sell Ratio

0.77:1

Moderately negative ratio. Selling is roughly double the buying, which may be routine or signal caution.

Recent Trend (3 Months)

$116K

Negative recent trend with net selling. Insiders have reduced positions in recent months, which could signal caution.

Insider Participation

Moderate Buying

2 insider buyers vs. 1 sellers. More insiders buying than selling indicates positive sentiment.

No Dividend Yield Data

CBZ has not reported any dividend yield values in the available annual periods.

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cbz Dividend History

CBZ
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%