Insperity, Inc. (NSP) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+58.0%

$83.25

vs $52.70 price

Levered DCF

$136.80

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

4.14

Safe zone

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	-215.11×	32.43×	25.88×	24.12×	36.68×	22.81×	22.88×	28.38×
P/B	31.99×	30.36×	47.18×	53.27×	-2,561.2×	71.03×	847.66×	49.54×
P/S	0.22×	0.45×	0.68×	0.73×	0.91×	0.73×	0.8×	1.01×
EV / EBITDA	19.45×	11.83×	14.13×	13.39×	20.54×	13.19×	15.13×	17.47×
Gross margin	13.2%	16.0%	16.0%	17.0%	16.5%	18.8%	17.0%	17.8%
Operating margin	-0.1%	1.8%	3.4%	4.2%	3.5%	4.5%	4.3%	4.7%
Net margin	-0.1%	1.4%	2.6%	3.0%	2.5%	3.2%	3.5%	3.5%
Current ratio	1.06×	1.08×	1.11×	1.12×	1.1×	1.19×	1.12×	1.12×
Debt / equity	9.46×	4.48×	4.54×	5.23×	-244.41×	9.83×	80.48×	1.86×
Interest coverage	-0.42×	4.18×	8.11×	17.61×	23.24×	24.29×	24.41×	38.35×
Dividend yield	6.1%	3.0%	1.9%	1.8%	3.2%	2.0%	1.4%	0.9%
Payout ratio	-1285.7%	97.8%	49.3%	42.7%	116.2%	44.8%	32.2%	24.7%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-15.2%	93.8%	181.9%	220.7%	-6994.4%	313.2%	3704.3%	174.3%
Return on invested capital	-1.7%	12.7%	24.3%	26.7%	20.5%	20.9%	28.3%	31.7%
Return on assets	-0.3%	3.5%	8.1%	8.8%	7.1%	8.7%	10.8%	11.4%
Free cash flow yield	-21.0%	16.4%	3.6%	7.3%	5.0%	7.9%	4.3%	3.9%
Earnings yield	-0.5%	3.1%	3.9%	4.1%	2.7%	4.4%	4.4%	3.5%
Enterprise value	$1.3B	$2.3B	$4.2B	$4B	$4.4B	$3B	$3.4B	$3.7B
Net debt / EBITDA	-3.18×	-3.05×	-0.9×	-1.03×	-0.66×	-0.53×	-0.17×	-0.87×
Cash conversion cycle (days)	45	45	38	38	38	33	45	43