Insperity, Inc.

Consumer Discretionary
Professional Services
www.insperity.com

Earnings Score
Moat Score
Safety Score
Final Score

Market Cap $3.13B
PE 26
Debt $369.00M
Cash $748.00M
EV $2.75B
FCF -$83.37M

Earnings

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Sales & Net Margins

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Earnings	$119.56M
EBIT	$163.05M
ROE	96%
ROA	8%
FCF	-$83.37M
Equity	$125.00M
Growth Stability	88%
PE	26.17
PEG	6.59
PB	25.03
P/FCF	-37.53
P/S	0.48
Price/Cash	0.24
Debt/Equity	2.95
Debt/FCF	-4.43
Net Margins	2%
Gross Margins	16%
Op. Margins	2%
Earnings CAGR	13%
Sales Growth YoY	1%
Sales Growth QoQ	-3%
Sales CAGR	11%
FCF CAGR	15%
Equity CAGR	-4%
Earnings Stability	0.66
Earnings Growth YoY	-93%
Earnings Growth QoQ	-83%
Earnings CAGR 5Y	4%

Sales CAGR 5Y	12%
FCF CAGR 5Y	17%
Equity CAGR 5Y	51%
Earnings CAGR 3Y	10%
Sales CAGR 3Y	10%
FCF CAGR 3Y	-11%
Equity CAGR 3Y	69%
Market Cap	$3.13B
Revenue	$6.55B
Dividend Yield	3%
Payout Ratio	74%
Assets	$1.93B
Total Debt	$369.00M
Cash	$748.00M
Shares Outstanding	37.74M
EV	2.75B
Earnings Score	88%
Moat Score	82%
Safety Score	57%
Final Score	76%
Working Capital	200M
Current Ratio	1.16
Gross Profit	$1.06B
Shares Growth 3y	-1%
Equity Growth QoQ	-12%
Equity Growth YoY	50%

Assets & ROA

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Stockholders Equity & ROE

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Insperity Inc is a company that primarily provides a wide range of human resources and business solutions that help businesses improve their performance. Small and midsize enterprises are the company's primary target customers. Most of the company's products are offered through the company's Workforce Optimization and Workforce Synchronization solutions, which comprise various human resource functions, such as payroll and employment administration, employee benefits and compensation, government compliance, performance management, training and development services, and human capital management. The company generates all of its revenue in the United States.

SEC Filings

Direct access to Insperity, Inc. (NSP) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Insperity, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Insperity, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 13%

Stability 66%

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Insperity, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Insperity, Inc..

Years

Calculation mode

= -$2.3B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	-$83M	-$96M	-$110M	-$126M	-$144M	-$165M	-$189M	-$217M	-$249M	-$285M	-$327M	-$3.3B
DCF		-$87M	-$91M	-$94M	-$98M	-$102M	-$107M	-$111M	-$116M	-$121M	-$126M	-$1.3B
Value	-$2.3B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	1%	2%	2%	3%	3%	3%	3%	2%	3%	3%	2%
ROA	-	8%	12%	13%	16%	14%	12%	10%	12%	11%	8%
ROE	-	23%	109%	125%	172%	4K%	311%	-7K%	221%	183%	96%

Bad Net Margins (2.01%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	0	1.06	0.61	0.97	1.81	1.49	1.63	1.16	2.33	-4.43
Debt over Equity	-	0	1.72	1.57	1.86	66.05	8.37	-208.23	4.55	3.95	2.95
Growth Stability	-	-	-	100%	100%	100%	100%	88%	100%	100%	88%

Good Debt/FCF ratio (-4.43)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Bad Debt/Equity ratio (2.95)

The company is overleveraged and has a bad balance between equity and debt.

Neutral Graham’s Stability (88%)

The company has a stability in its earnings that is not too good nor too bad.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	10%	13%	12%	16%	13%	-1%	16%	19%	9%	12%
Earnings YoY growth	-	41%	68%	26%	61%	12%	-8%	-10%	45%	-4%	4%
Equity YoY growth	-	-16%	-65%	10%	17%	-95%	982%	-104%	-5K%	15%	51%
FCF YoY growth	-	-61%	109%	73%	-13%	-0%	67%	-8%	40%	-50%	17%