S

Smartgroup Corporation Ltd
ASX:SIQ

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Smartgroup Corporation Ltd
ASX:SIQ
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Price: 7.66 AUD 1.46% Market Closed
Market Cap: 1B AUD

Relative Value

The Relative Value of one SIQ stock under the Base Case scenario is 9.2 AUD. Compared to the current market price of 7.66 AUD, Smartgroup Corporation Ltd is Undervalued by 17%.

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.

SIQ Relative Value
Base Case
9.2 AUD
Undervaluation 17%
Relative Value
Price
S
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
73
vs Industry
23
Median 3Y
3.7
Median 5Y
3.7
Industry
1.3
Forward
3
vs History
79
vs Industry
48
Median 3Y
15
Median 5Y
16
Industry
19.4
Forward
12.3
vs History
58
vs Industry
40
Median 3Y
13.7
Median 5Y
13.4
Industry
13.1
vs History
57
vs Industry
36
Median 3Y
15.6
Median 5Y
16
Industry
18.5
vs History
42
vs Industry
25
Median 3Y
4
Median 5Y
3.7
Industry
2.5
vs History
73
vs Industry
21
Median 3Y
3.9
Median 5Y
3.8
Industry
1.4
Forward
3.2
vs History
71
vs Industry
39
Median 3Y
4
Median 5Y
4
Industry
3.4
vs History
68
vs Industry
40
Median 3Y
10.7
Median 5Y
11
Industry
10.5
Forward
7.9
vs History
68
vs Industry
49
Median 3Y
10.7
Median 5Y
11
Industry
13.5
Forward
8.9
vs History
55
vs Industry
35
Median 3Y
14.5
Median 5Y
13.8
Industry
12.3
vs History
30
vs Industry
21
Median 3Y
21.1
Median 5Y
17
Industry
14.9
vs History
92
vs Industry
43
Median 3Y
2.4
Median 5Y
2.4
Industry
1.8

Multiples Across Competitors

SIQ Competitors Multiples
Smartgroup Corporation Ltd Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
AU
Smartgroup Corporation Ltd
ASX:SIQ
994m AUD 3.2 13.1 9.6 9.6
JP
Recruit Holdings Co Ltd
TSE:6098
12T JPY 3.4 29.5 17.9 21.6
NL
Randstad NV
AEX:RAND
7.2B EUR 0.3 67.6 10 21.4
US
Robert Half Inc
SWB:RHJ
6B EUR 1.3 34.6 22.4 27.4
CH
Adecco Group AG
SIX:ADEN
4.2B CHF 0.2 14.7 8.1 11.5
CN
51job Inc
F:IWQ
3.9B EUR 7.4 51 41.4 42.2
US
Robert Half International Inc
NYSE:RHI
4.4B USD 0.8 21.3 13.1 16
JP
Persol Holdings Co Ltd
TSE:2181
612.6B JPY 0.4 17.1 6.3 9.8
US
Korn Ferry
NYSE:KFY
3.8B USD 1.4 15.7 8.2 10.1
US
TriNet Group Inc
NYSE:TNET
3.6B USD 0.7 21.5 13.3 17.3
US
Alight Inc
NYSE:ALIT
3.2B USD 1.4 -47.7 11.3 81.6
P/E Multiple
Earnings Growth PEG
AU
S
Smartgroup Corporation Ltd
ASX:SIQ
Average P/E: 28.6
13.1
5%
2.6
JP
Recruit Holdings Co Ltd
TSE:6098
29.5
N/A N/A
NL
R
Randstad NV
AEX:RAND
67.6
87%
0.8
US
R
Robert Half Inc
SWB:RHJ
34.6
18%
1.9
CH
A
Adecco Group AG
SIX:ADEN
14.7
24%
0.6
CN
5
51job Inc
F:IWQ
51
N/A N/A
US
Robert Half International Inc
NYSE:RHI
21.3
18%
1.2
JP
P
Persol Holdings Co Ltd
TSE:2181
17.1
18%
0.9
US
Korn Ferry
NYSE:KFY
15.7
23%
0.7
US
TriNet Group Inc
NYSE:TNET
21.5
18%
1.2
US
Alight Inc
NYSE:ALIT
Negative Multiple: -47.7 N/A N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
AU
S
Smartgroup Corporation Ltd
ASX:SIQ
Average EV/EBITDA: 14.7
9.6
10%
1
JP
Recruit Holdings Co Ltd
TSE:6098
17.9
10%
1.8
NL
R
Randstad NV
AEX:RAND
10
8%
1.3
US
R
Robert Half Inc
SWB:RHJ
22.4
28%
0.8
CH
A
Adecco Group AG
SIX:ADEN
8.1
11%
0.7
CN
5
51job Inc
F:IWQ
41.4
N/A N/A
US
Robert Half International Inc
NYSE:RHI
13.1
28%
0.5
JP
P
Persol Holdings Co Ltd
TSE:2181
6.3
8%
0.8
US
Korn Ferry
NYSE:KFY
8.2
13%
0.6
US
TriNet Group Inc
NYSE:TNET
13.3
4%
3.3
US
Alight Inc
NYSE:ALIT
11.3
18%
0.6
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
AU
S
Smartgroup Corporation Ltd
ASX:SIQ
Average EV/EBIT: 24.4
9.6
5%
1.9
JP
Recruit Holdings Co Ltd
TSE:6098
21.6
N/A N/A
NL
R
Randstad NV
AEX:RAND
21.4
20%
1.1
US
R
Robert Half Inc
SWB:RHJ
27.4
31%
0.9
CH
A
Adecco Group AG
SIX:ADEN
11.5
15%
0.8
CN
5
51job Inc
F:IWQ
42.2
N/A N/A
US
Robert Half International Inc
NYSE:RHI
16
31%
0.5
JP
P
Persol Holdings Co Ltd
TSE:2181
9.8
N/A N/A
US
Korn Ferry
NYSE:KFY
10.1
16%
0.6
US
TriNet Group Inc
NYSE:TNET
17.3
1%
17.3
US
Alight Inc
NYSE:ALIT
81.6
56%
1.5