CBIZ (CBZ) AI Stock Analysis

• Market Cap: $3.76B
• Dividend Yield: N/A
• Average Volume (3M): 383.22K
• Price to Earnings (P/E): 46.8
• Beta (1Y): 0.77
• Revenue Growth: 32.27%
• EPS Growth: -40.50%
• Country: US
• Employees: 10,000
• Sector: Industrials
• Sector Strength: 87
• Industry: Specialty Business Services
• EPS (TTM): 2.29
• Shares Outstanding: 54,395,610
• 10 Day Avg. Volume: 504,341
• 30 Day Avg. Volume: 383,218
• PEG Ratio: 0.44
• Price to Book (P/B): 3.38
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 20.54
• Enterprise Value/Market Cap: 0.77
• Enterprise Value/Revenue: 0.39
• Enterprise Value/Gross Profit: 9.84
• Enterprise Value/Ebitda: 3.49
• 1Y Price Target: $102.00
• Price Target Upside: 48.13% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 74 Outperform
• Price Target: $81.00 ▲(17.63%Upside)

CBIZ's overall stock score reflects strong financial performance and effective management of recent acquisitions. However, the valuation suggests the stock may be overvalued, which could limit its attractiveness. The technical analysis indicates some short-term weakness, while the earnings call provides confidence in future synergies and growth, despite some economic challenges.

Positive Factors

Margin Expansion

CBIZ targets offshoring 30% of all billable hours, a significant increase from the current level, which supports the company's margin expansion target.

Strategic Acquisitions

The strategic and financial benefits that derive from the Marcum acquisition are significant for the company.

Negative Factors

Revenue Guidance

Management lowered the bottom end of its 2025 revenue guidance, noting the uncertainty in the current economic and geopolitical environment has already begun to impact non-recurring service lines.

Revenue Performance

First-quarter revenue of $838 million came in $24 million below our estimate and $22 million below consensus.

CBIZ Business Overview & Revenue Model

Company Description

CBIZ, Inc. (CBZ) is a leading provider of financial, insurance, and advisory services. The company operates across various sectors, including accounting and tax, benefits and insurance, and financial advisory services. With a focus on serving small to medium-sized businesses, CBIZ offers a comprehensive suite of solutions that include accounting and tax compliance, employee benefits consulting, risk management, and financial advisory services, helping businesses manage their financial and operational challenges effectively.

How the Company Makes Money

CBIZ makes money primarily through its diverse range of professional services tailored to meet the needs of businesses across different sectors. The company's revenue streams include fees from accounting and tax services, which cover tax planning and preparation, audit, and assurance services. Another significant source of income is derived from its employee benefits consulting services, which include benefits program design and administration, actuarial services, and retirement planning. Additionally, CBIZ earns revenue from its insurance services, offering risk management and property and casualty insurance solutions. The financial advisory segment contributes to earnings through wealth management and investment advisory services. Strategic partnerships and acquisitions also play a crucial role in expanding CBIZ's service offerings and market reach, thereby contributing to its revenue growth.

CBIZ Financial Statement Overview

Summary

CBIZ showcases a strong financial performance, characterized by robust revenue growth, improving profit margins, and a solid balance sheet. The company has effectively managed its debt levels while maintaining positive cash flow, supporting its operations and growth initiatives. Continued focus on enhancing net profit margins and further reducing leverage could bolster financial stability and shareholder returns.

Income Statement

The company demonstrates strong revenue growth with a notable increase from $963.9M in 2020 to $2.16B in TTM 2025, reflecting a robust growth trajectory. Gross profit margin has shown an improvement over the years, indicating effective cost management. The TTM EBIT margin stands at a healthy 8.11%, and the EBITDA margin is impressive at 10.20%, suggesting operational efficiency. Net profit margin in TTM is at 4.03%, showing a consistent upward trend. However, the company needs to continue improving its net profit margins to enhance overall profitability.

Balance Sheet

The balance sheet reflects a solid equity base, with stockholders' equity increasing from $595M in 2020 to $1.91B in TTM 2025. The debt-to-equity ratio has improved, signifying better leverage management, although it remains at a moderate level. The return on equity is moderate, reflecting steady but not exceptional profitability. The equity ratio has improved, indicating a stronger capital structure. While the company shows stability, focus on further reducing debt could enhance financial resilience.

Cash Flow

Operating cash flow remains strong, with a TTM figure of $99.1M, supporting the company's operational needs. Free cash flow has been positive, reflecting efficient cash management. The free cash flow to net income ratio is favorable, suggesting good cash conversion efficiency. The operating cash flow to net income ratio is healthy, although it has seen some fluctuations. Despite strong cash flow generation, the company should aim to maintain consistent free cash flow growth to support future investments.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
2.16B	1.81B	1.59B	1.41B	1.10B	963.90M
	Gross Profit
292.96M	182.47M	225.10M	223.37M	159.29M	138.55M
	EBIT
174.95M	73.72M	165.24M	168.34M	121.38M	92.48M
	EBITDA
243.71M	144.76M	226.99M	211.14M	122.83M	115.62M
	Net Income Common Stockholders
86.93M	41.04M	120.97M	105.35M	70.89M	78.30M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
8.85M	13.83M	8.09M	4.70M	2.00M	4.65M
	Total Assets
4.59B	4.47B	2.04B	1.88B	1.63B	1.51B
	Total Debt
1.95B	1.83B	551.01M	474.47M	331.25M	279.69M
	Net Debt
1.94B	1.82B	542.92M	469.77M	329.25M	275.04M
	Total Liabilities
2.67B	2.69B	1.25B	1.17B	923.39M	811.13M
	Stockholders Equity
1.91B	1.78B	791.62M	713.45M	704.55M	595.30M
Cash Flow		Free Cash Flow
86.18M	110.78M	130.46M	117.49M	122.17M	135.27M
	Operating Cash Flow
99.15M	123.69M	153.51M	126.13M	131.15M	146.84M
	Investing Cash Flow
-1.11B	-1.13B	-79.39M	-99.12M	-82.01M	-46.41M
	Financing Cash Flow
1.02B	1.04B	-77.11M	-17.34M	-69.00M	-76.61M

CBIZ Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 68.86
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CBZ, the sentiment is Negative. The current price of 68.86 is below the 20-day moving average (MA) of 72.31, below the 50-day MA of 72.67, and below the 200-day MA of 75.20, indicating a bearish trend. The MACD of -0.80 indicates Positive momentum. The RSI at 38.80 is Neutral, neither overbought nor oversold. The STOCH value of 11.06 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CBZ.

CBIZ Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MMS	81 Outperform	$3.93B	13.88	17.36%	1.72%	5.29%	31.95%
UNF	77 Outperform	$3.29B	22.93	7.17%	0.76%	5.04%	31.69%
CBZ	74 Outperform	$3.76B	46.84	6.25%	―	32.27%	-40.50%
Sector *	66 Neutral	$4.47B	12.22	5.40%	3.65%	4.14%	-12.00%
ABM	61 Neutral	$2.80B	35.97	4.30%	2.36%	3.52%	-67.27%
FA	58 Neutral	$3.16B	549.40	-13.59%	―	37.97%	-499.29%

CBIZ Corporate Events

CBIZ Holds Annual Stockholders Meeting, Key Decisions Made

On May 15, 2025, CBIZ, Inc. held its annual stockholders meeting where key decisions were made, including the election of directors and the ratification of KPMG LLP as the independent accounting firm for the year ending December 31, 2025. Additionally, stockholders approved the compensation of the company’s Named Executive Officers, reflecting continued support for the current leadership and strategic direction.

The most recent analyst rating on (CBZ) stock is a Buy with a $86.00 price target. To see the full list of analyst forecasts on CBIZ stock, see the CBZ Stock Forecast page.