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Relative Value

The Relative Value of one HAS stock under the Base Case scenario is 150.94 GBX. Compared to the current market price of 79.55 GBX, Hays PLC is Undervalued by 47%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

HAS Relative Value
Base Case
150.94 GBX
Undervaluation 47%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
96
vs Industry
88
Median 3Y
0.2
Median 5Y
0.2
Industry
1.3
Forward
0.2
vs History
vs Industry
40
Median 3Y
11.6
Median 5Y
11.7
Industry
19
Forward
23.9
vs History
25
vs Industry
51
Median 3Y
10.1
Median 5Y
9.7
Industry
13.4
vs History
49
vs Industry
30
Median 3Y
17.1
Median 5Y
15.8
Industry
18.3
vs History
66
vs Industry
41
Median 3Y
2.4
Median 5Y
2.4
Industry
2.4
vs History
95
vs Industry
85
Median 3Y
0.2
Median 5Y
0.2
Industry
1.3
Forward
0.2
vs History
39
vs Industry
72
Median 3Y
1.2
Median 5Y
1.2
Industry
3.3
vs History
25
vs Industry
52
Median 3Y
6.9
Median 5Y
6.9
Industry
10.4
Forward
9.1
vs History
23
vs Industry
47
Median 3Y
9.5
Median 5Y
9.6
Industry
12.7
Forward
15.6
vs History
25
vs Industry
44
Median 3Y
9.9
Median 5Y
9.8
Industry
12.6
vs History
15
vs Industry
38
Median 3Y
11.6
Median 5Y
11.3
Industry
14.7
vs History
87
vs Industry
38
Median 3Y
2.1
Median 5Y
2.1
Industry
1.7

Multiples Across Competitors

HAS Competitors Multiples
Hays PLC Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
UK
Hays PLC
LSE:HAS
1.3B GBP 0.2 -257.3 10 19.6
JP
Outsourcing Inc
TSE:2427
3 854 332.4T JPY 5 141 797.4 746 674 240.5 84 306 673.3 150 819 083.2
JP
Recruit Holdings Co Ltd
TSE:6098
18.3T JPY 5.2 50.4 32.2 40.8
US
Robert Half Inc
SWB:RHJ
11.5B EUR 2 41.9 38.3 46.7
US
Robert Half International Inc
NYSE:RHI
7.4B USD 1.3 26.1 23.1 28.2
NL
Randstad NV
AEX:RAND
7B EUR 0.3 16.4 7.8 13.1
US
TriNet Group Inc
NYSE:TNET
4.5B USD 0.9 17.1 12.5 15.1
CH
Adecco Group AG
SIX:ADEN
3.7B CHF 0.2 13.1 6.7 9.3
CN
51job Inc
F:IWQ
3.9B EUR 6.7 45.9 35.5 36.2
US
ASGN Inc
NYSE:ASGN
3.8B USD 0.9 20.7 11.4 15
US
Alight Inc
NYSE:ALIT
3.7B USD 1.4 -11.4 11.7 80.2
P/S Multiple
Revenue Growth P/S to Growth
UK
Hays PLC
LSE:HAS
Average P/S: 467 437.9
0.2
4%
0.1
JP
Outsourcing Inc
TSE:2427
5 141 797.4
N/A N/A
JP
Recruit Holdings Co Ltd
TSE:6098
5.2
18%
0.3
US
R
Robert Half Inc
SWB:RHJ
2
2%
1.3
US
Robert Half International Inc
NYSE:RHI
1.3
2%
0.8
NL
R
Randstad NV
AEX:RAND
0.3
4%
0.1
US
TriNet Group Inc
NYSE:TNET
0.9
16%
0.1
CH
A
Adecco Group AG
SIX:ADEN
0.2
8%
0
CN
5
51job Inc
F:IWQ
6.7
N/A N/A
US
ASGN Inc
NYSE:ASGN
0.9
4%
0.2
US
Alight Inc
NYSE:ALIT
1.4
-24%
N/A
P/E Multiple
Earnings Growth P/E to Growth
UK
Hays PLC
LSE:HAS
Average P/E: 82 963 830.2
Negative Multiple: -257.3
N/A N/A
JP
Outsourcing Inc
TSE:2427
746 674 240.5
N/A N/A
JP
Recruit Holdings Co Ltd
TSE:6098
50.4
72%
0.7
US
R
Robert Half Inc
SWB:RHJ
41.9
4%
10.9
US
Robert Half International Inc
NYSE:RHI
26.1
4%
6.8
NL
R
Randstad NV
AEX:RAND
16.4
24%
0.7
US
TriNet Group Inc
NYSE:TNET
17.1
-11%
N/A
CH
A
Adecco Group AG
SIX:ADEN
13.1
96%
0.1
CN
5
51job Inc
F:IWQ
45.9
N/A N/A
US
ASGN Inc
NYSE:ASGN
20.7
35%
0.6
US
Alight Inc
NYSE:ALIT
Negative Multiple: -11.4 N/A N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
UK
Hays PLC
LSE:HAS
Average EV/EBITDA: 7 664 260.2
10
86%
0.1
JP
Outsourcing Inc
TSE:2427
84 306 673.3
N/A N/A
JP
Recruit Holdings Co Ltd
TSE:6098
32.2
46%
0.7
US
R
Robert Half Inc
SWB:RHJ
38.3
20%
1.9
US
Robert Half International Inc
NYSE:RHI
23.1
20%
1.1
NL
R
Randstad NV
AEX:RAND
7.8
5%
1.6
US
TriNet Group Inc
NYSE:TNET
12.5
-7%
N/A
CH
A
Adecco Group AG
SIX:ADEN
6.7
13%
0.5
CN
5
51job Inc
F:IWQ
35.5
N/A N/A
US
ASGN Inc
NYSE:ASGN
11.4
14%
0.8
US
Alight Inc
NYSE:ALIT
11.7
26%
0.4
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
UK
Hays PLC
LSE:HAS
Average EV/EBIT: 13 710 853.4
19.6
164%
0.1
JP
Outsourcing Inc
TSE:2427
150 819 083.2
N/A N/A
JP
Recruit Holdings Co Ltd
TSE:6098
40.8
N/A N/A
US
R
Robert Half Inc
SWB:RHJ
46.7
21%
2.2
US
Robert Half International Inc
NYSE:RHI
28.2
21%
1.3
NL
R
Randstad NV
AEX:RAND
13.1
18%
0.7
US
TriNet Group Inc
NYSE:TNET
15.1
-20%
N/A
CH
A
Adecco Group AG
SIX:ADEN
9.3
21%
0.4
CN
5
51job Inc
F:IWQ
36.2
N/A N/A
US
ASGN Inc
NYSE:ASGN
15
9%
1.7
US
Alight Inc
NYSE:ALIT
80.2
-91%
N/A

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