B

Benefit Systems SA
WSE:BFT

Watchlist Manager
Benefit Systems SA
WSE:BFT
Watchlist
Price: 2 910 PLN -0.17% Market Closed
Market Cap: 8.6B PLN

Relative Value

The Relative Value of one BFT stock under the Base Case scenario is 3 690.86 PLN. Compared to the current market price of 2 910 PLN, Benefit Systems SA is Undervalued by 21%.

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.

BFT Relative Value
Base Case
3 690.86 PLN
Undervaluation 21%
Relative Value
Price
B
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
17
vs Industry
25
Median 3Y
2
Median 5Y
2
Industry
1.3
Forward
2.5
vs History
38
vs Industry
35
Median 3Y
17.5
Median 5Y
17.5
Industry
18.7
Forward
16.9
vs History
20
vs Industry
48
Median 3Y
7.4
Median 5Y
7.5
Industry
12.7
vs History
34
vs Industry
21
Median 3Y
19.4
Median 5Y
19.4
Industry
16.7
vs History
6
vs Industry
8
Median 3Y
5.9
Median 5Y
4.4
Industry
2.3
vs History
26
vs Industry
23
Median 3Y
2.3
Median 5Y
2.3
Industry
1.3
Forward
2.7
vs History
49
vs Industry
18
Median 3Y
7.4
Median 5Y
8
Industry
3.2
vs History
36
vs Industry
38
Median 3Y
8.5
Median 5Y
9.1
Industry
10
Forward
10
vs History
44
vs Industry
31
Median 3Y
14.3
Median 5Y
14.7
Industry
13
Forward
13.9
vs History
20
vs Industry
42
Median 3Y
8.5
Median 5Y
8.8
Industry
12.1
vs History
23
vs Industry
37
Median 3Y
10.2
Median 5Y
10.6
Industry
14
vs History
7
vs Industry
16
Median 3Y
3.2
Median 5Y
1.9
Industry
1.7

Multiples Across Competitors

BFT Competitors Multiples
Benefit Systems SA Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
PL
Benefit Systems SA
WSE:BFT
8.6B PLN 2.7 18 9.6 14.8
JP
Recruit Holdings Co Ltd
TSE:6098
13.3T JPY 3.7 35.3 21.7 27
US
Robert Half Inc
SWB:RHJ
8.5B EUR 1.6 36.4 29.2 35.7
NL
Randstad NV
AEX:RAND
6.9B EUR 0.3 60.2 8.4 15.6
US
Robert Half International Inc
NYSE:RHI
5.5B USD 1 21.9 16.9 20.6
CH
Adecco Group AG
SIX:ADEN
4.6B CHF 0.2 15.8 8.5 12.1
CN
51job Inc
F:IWQ
3.9B EUR 6.9 47.6 37.4 38.2
US
TriNet Group Inc
NYSE:TNET
3.9B USD 0.8 22.6 12.5 15.8
JP
Persol Holdings Co Ltd
TSE:2181
560.4B JPY 0.4 15.6 5.7 8.9
US
Korn Ferry
NYSE:KFY
3.5B USD 1.3 14.4 7.4 9.2
US
Alight Inc
NYSE:ALIT
3.2B USD 1.4 -20.4 10.9 89.2
P/E Multiple
Earnings Growth PEG
PL
B
Benefit Systems SA
WSE:BFT
Average P/E: 28.8
18
9%
2
JP
Recruit Holdings Co Ltd
TSE:6098
35.3
19%
1.9
US
R
Robert Half Inc
SWB:RHJ
36.4
27%
1.3
NL
R
Randstad NV
AEX:RAND
60.2
87%
0.7
US
Robert Half International Inc
NYSE:RHI
21.9
27%
0.8
CH
A
Adecco Group AG
SIX:ADEN
15.8
24%
0.7
CN
5
51job Inc
F:IWQ
47.6
N/A N/A
US
TriNet Group Inc
NYSE:TNET
22.6
20%
1.1
JP
P
Persol Holdings Co Ltd
TSE:2181
15.6
18%
0.9
US
Korn Ferry
NYSE:KFY
14.4
24%
0.6
US
Alight Inc
NYSE:ALIT
Negative Multiple: -20.4 N/A N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
PL
B
Benefit Systems SA
WSE:BFT
Average EV/EBITDA: 15.3
9.6
17%
0.6
JP
Recruit Holdings Co Ltd
TSE:6098
21.7
12%
1.8
US
R
Robert Half Inc
SWB:RHJ
29.2
37%
0.8
NL
R
Randstad NV
AEX:RAND
8.4
9%
0.9
US
Robert Half International Inc
NYSE:RHI
16.9
37%
0.5
CH
A
Adecco Group AG
SIX:ADEN
8.5
11%
0.8
CN
5
51job Inc
F:IWQ
37.4
N/A N/A
US
TriNet Group Inc
NYSE:TNET
12.5
11%
1.1
JP
P
Persol Holdings Co Ltd
TSE:2181
5.7
8%
0.7
US
Korn Ferry
NYSE:KFY
7.4
13%
0.6
US
Alight Inc
NYSE:ALIT
10.9
18%
0.6
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
PL
B
Benefit Systems SA
WSE:BFT
Average EV/EBIT: 26.1
14.8
14%
1.1
JP
Recruit Holdings Co Ltd
TSE:6098
27
N/A N/A
US
R
Robert Half Inc
SWB:RHJ
35.7
42%
0.8
NL
R
Randstad NV
AEX:RAND
15.6
21%
0.7
US
Robert Half International Inc
NYSE:RHI
20.6
42%
0.5
CH
A
Adecco Group AG
SIX:ADEN
12.1
15%
0.8
CN
5
51job Inc
F:IWQ
38.2
N/A N/A
US
TriNet Group Inc
NYSE:TNET
15.8
11%
1.4
JP
P
Persol Holdings Co Ltd
TSE:2181
8.9
N/A N/A
US
Korn Ferry
NYSE:KFY
9.2
16%
0.6
US
Alight Inc
NYSE:ALIT
89.2
36%
2.5