Hays PLC
DUS:HAY

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Hays PLC
DUS:HAY
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Price: 0.82 EUR Market Closed
Market Cap: 2B EUR

Relative Value

The Relative Value of one HAY stock under the Base Case scenario is 1.62 EUR. Compared to the current market price of 0.82 EUR, Hays PLC is Undervalued by 49%.

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.

HAY Relative Value
Base Case
1.62 EUR
Undervaluation 49%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
96
vs Industry
86
Median 3Y
0.2
Median 5Y
0.2
Industry
1.3
Forward
0.2
vs History
vs Industry
40
Median 3Y
10.9
Median 5Y
11.3
Industry
19.2
Forward
34.6
vs History
36
vs Industry
34
Median 3Y
10.1
Median 5Y
9.7
Industry
13
vs History
17
vs Industry
11
Median 3Y
17.9
Median 5Y
17.1
Industry
18.6
vs History
55
vs Industry
35
Median 3Y
2.4
Median 5Y
2.4
Industry
2.4
vs History
96
vs Industry
84
Median 3Y
0.2
Median 5Y
0.2
Industry
1.4
Forward
0.2
vs History
vs Industry
72
Median 3Y
0
Median 5Y
0
Industry
3.4
vs History
17
vs Industry
18
Median 3Y
6.9
Median 5Y
6.9
Industry
10.2
Forward
9.9
vs History
17
vs Industry
4
Median 3Y
9.5
Median 5Y
9.8
Industry
13.5
Forward
22.1
vs History
36
vs Industry
30
Median 3Y
9.9
Median 5Y
9.8
Industry
12.4
vs History
26
vs Industry
23
Median 3Y
11.9
Median 5Y
11.3
Industry
14.9
vs History
87
vs Industry
35
Median 3Y
2
Median 5Y
2.1
Industry
1.7

Multiples Across Competitors

HAY Competitors Multiples
Hays PLC Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
UK
Hays PLC
DUS:HAY
1.1B EUR 0.2 -79.3 14.7 66.3
JP
Recruit Holdings Co Ltd
TSE:6098
12T JPY 3.4 29.4 18.9 23.1
US
Robert Half Inc
SWB:RHJ
6.5B EUR 1.3 36.4 23.7 28.9
NL
Randstad NV
AEX:RAND
6.4B EUR 0.3 60.2 9.1 19.5
CH
Adecco Group AG
SIX:ADEN
3.7B CHF 0.2 13.2 7.5 10.7
US
Robert Half International Inc
NYSE:RHI
4.5B USD 0.8 21.8 13.6 16.6
CN
51job Inc
F:IWQ
3.9B EUR 7.2 49.7 39.8 40.6
JP
Persol Holdings Co Ltd
TSE:2181
605.3B JPY 0.4 16.8 6.2 9.7
US
TriNet Group Inc
NYSE:TNET
4B USD 0.8 24.1 14.6 19
US
Korn Ferry
NYSE:KFY
3.6B USD 1.3 14.7 7.6 9.4
US
First Advantage Corp
NASDAQ:FA
3.2B USD 3 -21.3 41.5 -94.1
P/E Multiple
Earnings Growth PEG
UK
Hays PLC
DUS:HAY
Average P/E: 29.6
Negative Multiple: -79.3
N/A N/A
JP
Recruit Holdings Co Ltd
TSE:6098
29.4
N/A N/A
US
R
Robert Half Inc
SWB:RHJ
36.4
18%
2
NL
R
Randstad NV
AEX:RAND
60.2
87%
0.7
CH
A
Adecco Group AG
SIX:ADEN
13.2
24%
0.5
US
Robert Half International Inc
NYSE:RHI
21.8
18%
1.2
CN
5
51job Inc
F:IWQ
49.7
N/A N/A
JP
P
Persol Holdings Co Ltd
TSE:2181
16.8
18%
0.9
US
TriNet Group Inc
NYSE:TNET
24.1
18%
1.3
US
Korn Ferry
NYSE:KFY
14.7
24%
0.6
US
F
First Advantage Corp
NASDAQ:FA
Negative Multiple: -21.3 N/A N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
UK
Hays PLC
DUS:HAY
Average EV/EBITDA: 17.9
14.7
14%
1
JP
Recruit Holdings Co Ltd
TSE:6098
18.9
12%
1.6
US
R
Robert Half Inc
SWB:RHJ
23.7
28%
0.8
NL
R
Randstad NV
AEX:RAND
9.1
8%
1.1
CH
A
Adecco Group AG
SIX:ADEN
7.5
11%
0.7
US
Robert Half International Inc
NYSE:RHI
13.6
28%
0.5
CN
5
51job Inc
F:IWQ
39.8
N/A N/A
JP
P
Persol Holdings Co Ltd
TSE:2181
6.2
8%
0.8
US
TriNet Group Inc
NYSE:TNET
14.6
4%
3.6
US
Korn Ferry
NYSE:KFY
7.6
13%
0.6
US
F
First Advantage Corp
NASDAQ:FA
41.5
86%
0.5
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
UK
Hays PLC
DUS:HAY
Average EV/EBIT: 24.4
66.3
22%
3
JP
Recruit Holdings Co Ltd
TSE:6098
23.1
N/A N/A
US
R
Robert Half Inc
SWB:RHJ
28.9
31%
0.9
NL
R
Randstad NV
AEX:RAND
19.5
20%
1
CH
A
Adecco Group AG
SIX:ADEN
10.7
15%
0.7
US
Robert Half International Inc
NYSE:RHI
16.6
31%
0.5
CN
5
51job Inc
F:IWQ
40.6
N/A N/A
JP
P
Persol Holdings Co Ltd
TSE:2181
9.7
N/A N/A
US
TriNet Group Inc
NYSE:TNET
19
1%
19
US
Korn Ferry
NYSE:KFY
9.4
16%
0.6
US
F
First Advantage Corp
NASDAQ:FA
Negative Multiple: -94.1 N/A N/A