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Adecco Group AG
SIX:ADEN

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Adecco Group AG
SIX:ADEN
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Price: 18.17 CHF -2.26% Market Closed
Market Cap: CHf3.1B

P/OCF

5.4
Current
35%
Cheaper
vs 3-y average of 8.4

Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.

P/OCF
5.4
=
Market Cap
CHf3.2B
/
Operating Cash Flow
€613m

Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.

P/OCF
5.4
=
Market Cap
CHf3.2B
/
Operating Cash Flow
€613m

Valuation Scenarios

Adecco Group AG is trading below its 3-year average

If P/OCF returns to its 3-Year Average (8.4), the stock would be worth CHf28.03 (54% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+141%
Average Upside
96%
Scenario P/OCF Value Implied Price Upside/Downside
Current Multiple 5.4 CHf18.17
0%
3-Year Average 8.4 CHf28.03
+54%
5-Year Average 9.4 CHf31.43
+73%
Industry Average 11.7 CHf39.06
+115%
Country Average 13.1 CHf43.81
+141%

Forward P/OCF
Today’s price vs future operating cash flow

Not enough data available to calculate forward P/OCF

Peer Comparison

All Multiples
P/OCF
P/E
All Countries
Close
Market Cap P/OCF P/E
CH
Adecco Group AG
SIX:ADEN
3.1B CHF 5.4 11.3
JP
Recruit Holdings Co Ltd
TSE:6098
10.6T JPY 19 25.6
NL
Randstad NV
AEX:RAND
4.5B EUR 5.1 15.3
US
Robert Half Inc
SWB:RHJ
4.2B EUR 15.4 37.2
CN
51job Inc
F:IWQ
3.9B EUR 297 49
PL
Benefit Systems SA
WSE:BFT
12.9B PLN 11.2 22.4
US
Korn Ferry
NYSE:KFY
3.4B USD 9 12.7
JP
Persol Holdings Co Ltd
TSE:2181
539B JPY 7 13.7
JP
TechnoPro Holdings Inc
TSE:6028
502.9B JPY 17.2 30.7
SG
Jinhai International Group Holdings Ltd
HKEX:2225
24B HKD -17 891.4 -230.3
US
Robert Half International Inc
NYSE:RHI
2.8B USD 8.4 20.2

Market Distribution

Lower than 84% of companies in Switzerland
Percentile
16th
Based on 939 companies
16th percentile
5.4
Low
0 — 8.4
Typical Range
8.4 — 19.1
High
19.1 —
Distribution Statistics
Switzerland
Min 0
30th Percentile 8.4
Median 13.1
70th Percentile 19.1
Max 654.7

Adecco Group AG
Glance View

In the bustling world of workforce solutions, Adecco Group AG stands as a pivotal player, orchestrating the delicate dance between talented individuals and the myriad needs of businesses across the globe. Headquartered in Zurich, Switzerland, this multinational enterprise has cemented its reputation by seamlessly connecting employers with job seekers, aligning aspirations with opportunities. Adecco's success lies in its dynamic approach, leveraging a rich portfolio of services that range from temporary staffing to permanent placement, outsourcing, and the magical realm of talent development and transition. Navigating through over 60 countries, the firm's commitment is evident in its robust network, harnessing local expertise while advocating for the highest standards of labor solutions. At the heart of Adecco's business model is its astute ability to capitalize on the fluidity of the labor market. The company thrives on the intricate demand for flexible workforce solutions, catering to businesses navigating the often volatile economic tides. By offering tailored services such as workforce management and recruitment process outsourcing, Adecco effectively becomes an indispensable strategic partner for its clients. Through these engagements, the group garners revenue by billing companies for the successful placement and short-to-long-term management of workforce needs. Meanwhile, job seekers benefit from the comprehensive support and career guidance provided, making Adecco not just a service provider, but a career catalyst. By harmonizing the varied interests of its stakeholders, Adecco Group AG perpetuates a cycle of growth fueled by the evolving world of work.

ADEN Intrinsic Value
43.06 CHF
Undervaluation 58%
Intrinsic Value
Price CHf18.17
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