A

Adecco Group AG
SIX:ADEN

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Adecco Group AG
SIX:ADEN
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Price: 22 CHF 0.36% Market Closed
Market Cap: 3.7B CHF
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Relative Value

The Relative Value of one ADEN stock under the Base Case scenario is 62.52 CHF. Compared to the current market price of 22 CHF, Adecco Group AG is Undervalued by 65%.

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.

ADEN Relative Value
Base Case
62.52 CHF
Undervaluation 65%
Relative Value
Price
A
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
96
vs Industry
87
Median 3Y
0.2
Median 5Y
0.3
Industry
1.3
Forward
0.2
vs History
58
vs Industry
41
Median 3Y
15.3
Median 5Y
16
Industry
19
Forward
8.6
vs History
76
vs Industry
52
Median 3Y
9.9
Median 5Y
9.5
Industry
13.4
vs History
30
vs Industry
26
Median 3Y
9
Median 5Y
10.2
Industry
18.3
vs History
87
vs Industry
64
Median 3Y
1.5
Median 5Y
1.7
Industry
2.4
vs History
90
vs Industry
80
Median 3Y
0.3
Median 5Y
0.3
Industry
1.3
Forward
0.3
vs History
87
vs Industry
64
Median 3Y
1.6
Median 5Y
1.6
Industry
3.3
vs History
69
vs Industry
49
Median 3Y
7.7
Median 5Y
7.7
Industry
10.4
Forward
7.1
vs History
57
vs Industry
45
Median 3Y
10.4
Median 5Y
10.2
Industry
12.7
Forward
9.8
vs History
44
vs Industry
35
Median 3Y
13.5
Median 5Y
11.8
Industry
12.6
vs History
39
vs Industry
25
Median 3Y
20.2
Median 5Y
15.7
Industry
14.7
vs History
95
vs Industry
64
Median 3Y
1
Median 5Y
1.1
Industry
1.7

Multiples Across Competitors

ADEN Competitors Multiples
Adecco Group AG Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
CH
Adecco Group AG
SIX:ADEN
3.7B CHF 0.2 13.1 6.8 9.3
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
18.5T JPY 5.3 51 32.6 41.2
US
Robert Half Inc
SWB:RHJ
11.5B EUR 2 42 38.4 46.8
US
Robert Half International Inc
NYSE:RHI
7.4B USD 1.3 26.1 23.1 28.2
NL
Randstad NV
AEX:RAND
6.9B EUR 0.3 16.1 7.7 12.9
US
TriNet Group Inc
NYSE:TNET
4.4B USD 0.9 17 12.4 15.1
CN
51job Inc
F:IWQ
3.9B EUR 6.7 46.1 35.7 36.4
US
ASGN Inc
NYSE:ASGN
3.8B USD 0.9 20.7 11.3 14.9
US
Alight Inc
NYSE:ALIT
3.7B USD 1.4 -11.5 11.7 80.4
US
Korn Ferry
NYSE:KFY
3.4B USD 1.3 14.1 8.1 10.1
P/S Multiple
Revenue Growth P/S to Growth
CH
A
Adecco Group AG
SIX:ADEN
Average P/S: 467 438
0.2
8%
0
JP
Outsourcing Inc
TSE:2427
5 141 797.4
N/A N/A
JP
Recruit Holdings Co Ltd
TSE:6098
5.3
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
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
US
Korn Ferry
NYSE:KFY
1.3
9%
0.1
P/E Multiple
Earnings Growth P/E to Growth
CH
A
Adecco Group AG
SIX:ADEN
Average P/E: 74 667 448.7
13.1
96%
0.1
JP
Outsourcing Inc
TSE:2427
746 674 240.5
N/A N/A
JP
Recruit Holdings Co Ltd
TSE:6098
51
72%
0.7
US
R
Robert Half Inc
SWB:RHJ
42
4%
11
US
Robert Half International Inc
NYSE:RHI
26.1
4%
6.8
NL
R
Randstad NV
AEX:RAND
16.1
24%
0.7
US
TriNet Group Inc
NYSE:TNET
17
-11%
N/A
CN
5
51job Inc
F:IWQ
46.1
N/A N/A
US
ASGN Inc
NYSE:ASGN
20.7
35%
0.6
US
Alight Inc
NYSE:ALIT
Negative Multiple: -11.5 N/A N/A
US
Korn Ferry
NYSE:KFY
14.1
87%
0.2
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CH
A
Adecco Group AG
SIX:ADEN
Average EV/EBITDA: 7 664 260.1
6.8
13%
0.5
JP
Outsourcing Inc
TSE:2427
84 306 673.3
N/A N/A
JP
Recruit Holdings Co Ltd
TSE:6098
32.6
46%
0.7
US
R
Robert Half Inc
SWB:RHJ
38.4
20%
1.9
US
Robert Half International Inc
NYSE:RHI
23.1
20%
1.1
NL
R
Randstad NV
AEX:RAND
7.7
5%
1.6
US
TriNet Group Inc
NYSE:TNET
12.4
-7%
N/A
CN
5
51job Inc
F:IWQ
35.7
N/A N/A
US
ASGN Inc
NYSE:ASGN
11.3
14%
0.8
US
Alight Inc
NYSE:ALIT
11.7
26%
0.4
US
Korn Ferry
NYSE:KFY
8.1
45%
0.2
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CH
A
Adecco Group AG
SIX:ADEN
Average EV/EBIT: 13 710 852.6
9.3
21%
0.4
JP
Outsourcing Inc
TSE:2427
150 819 083.2
N/A N/A
JP
Recruit Holdings Co Ltd
TSE:6098
41.2
N/A N/A
US
R
Robert Half Inc
SWB:RHJ
46.8
21%
2.2
US
Robert Half International Inc
NYSE:RHI
28.2
21%
1.3
NL
R
Randstad NV
AEX:RAND
12.9
18%
0.7
US
TriNet Group Inc
NYSE:TNET
15.1
-20%
N/A
CN
5
51job Inc
F:IWQ
36.4
N/A N/A
US
ASGN Inc
NYSE:ASGN
14.9
9%
1.7
US
Alight Inc
NYSE:ALIT
80.4
-91%
N/A
US
Korn Ferry
NYSE:KFY
10.1
55%
0.2

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