Relative Value

The Relative Value of one SDG stock under the Base Case scenario is 45.55 EUR. Compared to the current market price of 30.5 EUR, Synergie SE is Undervalued by 33%.

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.

SDG Relative Value
Base Case
45.55 EUR
Undervaluation 33%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
76
vs Industry
85
Median 3Y
0.2
Median 5Y
0.3
Industry
1.3
Forward
0.2
vs History
47
vs Industry
53
Median 3Y
10
Median 5Y
10.9
Industry
18.4
Forward
11.2
vs History
25
vs Industry
60
Median 3Y
6
Median 5Y
5.9
Industry
12.5
vs History
28
vs Industry
48
Median 3Y
8
Median 5Y
7.9
Industry
16.8
vs History
77
vs Industry
74
Median 3Y
1.2
Median 5Y
1.2
Industry
2.2
vs History
88
vs Industry
91
Median 3Y
0.2
Median 5Y
0.2
Industry
1.3
Forward
0.1
vs History
88
vs Industry
90
Median 3Y
0.2
Median 5Y
0.2
Industry
3.1
vs History
69
vs Industry
66
Median 3Y
3.6
Median 5Y
3.7
Industry
9.6
Forward
3
vs History
68
vs Industry
66
Median 3Y
4
Median 5Y
4.1
Industry
12.6
Forward
3.7
vs History
57
vs Industry
66
Median 3Y
4
Median 5Y
4
Industry
11.8
vs History
68
vs Industry
59
Median 3Y
4.2
Median 5Y
4.2
Industry
14.2
vs History
88
vs Industry
85
Median 3Y
0.5
Median 5Y
0.5
Industry
1.6

Multiples Across Competitors

SDG Competitors Multiples
Synergie SE Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
FR
Synergie SE
PAR:SDG
716.7m EUR 0.2 11 3.4 3.8
JP
Recruit Holdings Co Ltd
TSE:6098
11.3T JPY 3.2 30 18.3 22.7
NL
Randstad NV
AEX:RAND
6.1B EUR 0.3 53.1 7.6 14.1
US
Robert Half Inc
SWB:RHJ
5.7B EUR 1.1 31.7 20.4 24.9
US
Robert Half International Inc
NYSE:RHI
4.6B USD 0.8 22.4 13.9 17
CN
51job Inc
F:IWQ
3.9B EUR 7.3 50.1 40.3 41.1
CH
Adecco Group AG
SIX:ADEN
3.6B CHF 0.2 12.7 7.3 10.4
JP
Persol Holdings Co Ltd
TSE:2181
557.6B JPY 0.4 15.5 5.7 8.8
US
TriNet Group Inc
NYSE:TNET
3.8B USD 0.8 22.2 10.8 13.3
US
Korn Ferry
NYSE:KFY
3.2B USD 1.2 13.2 6.7 8.3
US
Insperity Inc
NYSE:NSP
2.9B USD 0.4 32 13.8 19
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
FR
Synergie SE
PAR:SDG
Average EV/EBITDA: 13.5
3.4
4%
0.8
JP
Recruit Holdings Co Ltd
TSE:6098
18.3
12%
1.5
NL
R
Randstad NV
AEX:RAND
7.6
10%
0.8
US
R
Robert Half Inc
SWB:RHJ
20.4
37%
0.6
US
Robert Half International Inc
NYSE:RHI
13.9
37%
0.4
CN
5
51job Inc
F:IWQ
40.3
N/A N/A
CH
A
Adecco Group AG
SIX:ADEN
7.3
11%
0.7
JP
P
Persol Holdings Co Ltd
TSE:2181
5.7
7%
0.8
US
TriNet Group Inc
NYSE:TNET
10.8
6%
1.8
US
Korn Ferry
NYSE:KFY
6.7
13%
0.5
US
Insperity Inc
NYSE:NSP
13.8
29%
0.5
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
FR
Synergie SE
PAR:SDG
Average EV/EBIT: 16.7
3.8
1%
3.8
JP
Recruit Holdings Co Ltd
TSE:6098
22.7
N/A N/A
NL
R
Randstad NV
AEX:RAND
14.1
21%
0.7
US
R
Robert Half Inc
SWB:RHJ
24.9
42%
0.6
US
Robert Half International Inc
NYSE:RHI
17
42%
0.4
CN
5
51job Inc
F:IWQ
41.1
N/A N/A
CH
A
Adecco Group AG
SIX:ADEN
10.4
15%
0.7
JP
P
Persol Holdings Co Ltd
TSE:2181
8.8
N/A N/A
US
TriNet Group Inc
NYSE:TNET
13.3
5%
2.7
US
Korn Ferry
NYSE:KFY
8.3
16%
0.5
US
Insperity Inc
NYSE:NSP
19
36%
0.5