Added to YB: 2026-04-06
Pitch date: 2026-03-31
TNET [neutral]
TriNet Group, Inc.
Author Info
No bio for this author
Company Info
TriNet Group, Inc. provides comprehensive human capital management services for small and medium-sized businesses in the United States.
Market Cap
$1.7B
Pitch Price
N/A
Price Target
N/A
Dividend
3.02%
EV/EBITDA
9.59
P/E
11.38
EV/Sales
0.48
Sector
Professional Services
Category
value
TriNet Uses Client Funds to Inflate Operating Cash Flow
TNET (update): Reclassified client cash flows from operating to financing activities; previously overstated OCF by 180% in 2022, understated cash used by 120% in 2023. At $78.49, stock implies 17.5% sales CAGR (vs 3.26% 3yr avg & -10.7%/+5.6% 2025/26e), 11.5% NOPAT margin (vs 6.75% avg), 63.3% ROIC (vs 29.1% avg). Priced for $4.2B sales by 2035 vs $1.1B 2025e.
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