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TriNet Group (DE:TN3)
FRANKFURT:TN3

TriNet Group (TN3) Price & Analysis

2 Followers

TN3 Stock Chart & Stats

€32.60
€1.00(1.18%)
At close: 4:00 PM EST
€32.60
€1.00(1.18%)

Bulls Say, Bears Say

Bulls Say
Cash Generation And FCF ConversionTriNet has demonstrated durable cash generation with solid operating cash flow and strong free cash flow in Q1. Improved FCF conversion supports recurring capital returns (dividends, buybacks) and funds strategic investments, giving management flexibility to invest in growth or fortify liquidity over the next several quarters.
Product Diversification: ASO MomentumDoubling of ASO ARR signals durable progress diversifying revenue away from pure PEO payroll fees. ASO/ARR expansion creates stickier recurring revenue, higher upsell potential and margin tailwinds over time, reducing dependence on headcount growth and smoothing revenue cyclicality across sales cycles.
Technology & AI-driven Productivity GainsAdoption of AI (TriNet Assistant and internal automation) yields structural operating-leverage improvements by lowering service costs and scaling support. Persistent reductions in contact volumes and automated development/test workflows can sustainably improve margins and speed time-to-serve, strengthening competitiveness long term.
Bears Say
Sustained Margin CompressionMargins have materially compressed versus prior years, eroding the company's earnings power and free-cash-flow potential. If structural pressures (repricing, benefit costs or lower utilization) persist, TriNet will need sustained pricing, mix shift or cost reductions to restore historical profitability, which takes multiple quarters to realize.
Elevated Leverage And Thin Equity BaseVery high debt-to-equity and a thin equity base constrain financial flexibility and raise refinancing risk. Even with solid cash generation, limited operating-cash-to-debt coverage reduces capacity to absorb shocks or pursue large investments without incremental financing, making capital structure a persistent multi-month vulnerability.
Worksite Employee (WSE) Volume DeclineA sustained ~12% decline in WSEs reduces the core fee base that drives service and benefits revenue; professional services fell ~10% as a result. Repricing has traded short-term margin per employee for lower volume, creating a structural headwind to revenue growth and requiring months of sales and retention progress to reverse.

TriNet Group News

TN3 FAQ

What was TriNet Group’s price range in the past 12 months?
TriNet Group lowest stock price was €28.40 and its highest was €61.00 in the past 12 months.
    What is TriNet Group’s market cap?
    TriNet Group’s market cap is €2.58B.
      When is TriNet Group’s upcoming earnings report date?
      TriNet Group’s upcoming earnings report date is Jul 30, 2026 which is tomorrow.
        How were TriNet Group’s earnings last quarter?
        TriNet Group released its earnings results on Apr 30, 2026. The company reported €2.173 earnings per share for the quarter, beating the consensus estimate of €1.613 by €0.56.
          Is TriNet Group overvalued?
          According to Wall Street analysts TriNet Group’s price is currently Undervalued. Get more investment ideas with TipRanks Premium
            Does TriNet Group pay dividends?
            TriNet Group does not currently pay dividends.
            What is TriNet Group’s EPS estimate?
            TriNet Group’s EPS estimate is 0.82.
              How many shares outstanding does TriNet Group have?
              TriNet Group has 45,944,640 shares outstanding.
                What happened to TriNet Group’s price movement after its last earnings report?
                TriNet Group reported an EPS of €2.173 in its last earnings report, beating expectations of €1.613. Following the earnings report the stock price went up 2.259%.
                  Which hedge fund is a major shareholder of TriNet Group?
                  Currently, no hedge funds are holding shares in DE:TN3
                  What is the TipRanks Smart Score and how is it calculated?
                  Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

                    Company Description

                    TriNet Group

                    TriNet Group, Inc. provides comprehensive human capital management services for small and medium-sized businesses in the United States. The company offers multi-state payroll processing and tax administration; employee benefits programs, including health insurance and retirement plans; workers' compensation insurance and claims management; employment and benefits law compliance; and other HR related services. It also provides a technology platform, an online and mobile tool that allows users to store, view, and manage HR information and administer various HR transactions, such as payroll processing, tax administration and credits, employee onboarding and termination, employee performance, time and attendance, compensation reporting, expense management, and benefits enrollment and administration, as well as incorporated workforce analytics and allows professional employer organization and administrative services offering clients to generate HR data, payroll, compensation, and other custom reports. The company serves clients in various industries, including technology, professional services, financial services, life sciences, and not-for-profit. It sells its solutions through its direct sales organization. TriNet Group, Inc. was incorporated in 1988 and is headquartered in Dublin, California.

                    TriNet Group (TN3) Earnings & Revenues

                    TN3 Earnings Call

                    Q1 2026
                    0:00 / 0:00
                    Earnings Call Sentiment|Positive
                    The call presented a mix of significant operational and financial improvements alongside notable volume declines driven by prior repricing actions. Key positives included a 25% increase in adjusted EPS, a >4-point improvement in ICR to 84%, strong adjusted EBITDA and cash generation (free cash flow conversion up to 66%), doubling of ASO ARR, progress on AI-driven productivity (6% reduction in inbound contacts during tax season), and active capital return and M&A activity (Cocoon). Offsetting these were meaningful declines in revenue (-5% YoY), co‑employee and total WSE counts (-12% YoY), a 10% decline in professional services revenue, and near-term sales cadence pressure (longer time-to-close and March softness). Management reiterated full-year guidance and positioned the business to track to the top half of earnings guidance, noting the Q1 insurance favorability included a one-time prior-period benefit. Overall, the company emphasized that repricing actions and investments (AI, product, sales, Cocoon) are creating a foundation for stabilization and future sustainable growth, while acknowledging short-term headwinds from volumes and repricing.View all DE:TN3 earnings summaries

                    TN3 Stock 12 Month Forecast

                    Average Price Target

                    €48.11
                    ▲(47.57% Upside)
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4,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 6, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 1</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":48.905,"date":1764547200000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 4,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 6, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 1</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":49.101,"date":1767225600000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 3,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 2, \t&nbsp;</span>\n     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