SThree PLC
LSE:STEM

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SThree PLC
LSE:STEM
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Price: 243.5 GBX 1.46%
Market Cap: 311.2m GBX

Relative Value

The Relative Value of one STEM stock under the Base Case scenario is 395.26 GBX. Compared to the current market price of 243.5 GBX, SThree PLC is Undervalued by 38%.

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.

STEM Relative Value
Base Case
395.26 GBX
Undervaluation 38%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
95
vs Industry
83
Median 3Y
0.3
Median 5Y
0.3
Industry
1.3
Forward
0.2
vs History
96
vs Industry
60
Median 3Y
9.6
Median 5Y
9.9
Industry
19.4
Forward
18.3
vs History
60
vs Industry
50
Median 3Y
9.1
Median 5Y
8.9
Industry
12.7
vs History
14
vs Industry
16
Median 3Y
19.3
Median 5Y
15.2
Industry
18.4
vs History
96
vs Industry
62
Median 3Y
2.5
Median 5Y
2.6
Industry
2.4
vs History
96
vs Industry
83
Median 3Y
0.3
Median 5Y
0.3
Industry
1.4
Forward
0.2
vs History
95
vs Industry
75
Median 3Y
1.1
Median 5Y
1.2
Industry
3.4
vs History
96
vs Industry
61
Median 3Y
4.7
Median 5Y
4.9
Industry
10.4
Forward
6.5
vs History
95
vs Industry
63
Median 3Y
5.7
Median 5Y
5.9
Industry
13.3
Forward
11.2
vs History
60
vs Industry
50
Median 3Y
8.1
Median 5Y
7.8
Industry
12.2
vs History
49
vs Industry
38
Median 3Y
10.9
Median 5Y
10.6
Industry
14.7
vs History
95
vs Industry
51
Median 3Y
2.6
Median 5Y
2.7
Industry
1.7

Multiples Across Competitors

STEM Competitors Multiples
SThree PLC Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
UK
SThree PLC
LSE:STEM
328.2m GBP 0.2 6.6 3.5 4.2
JP
Recruit Holdings Co Ltd
TSE:6098
11.8T JPY 3.3 29 18.6 22.8
NL
Randstad NV
AEX:RAND
6.7B EUR 0.3 63.1 9.5 20.2
US
Robert Half Inc
SWB:RHJ
5.8B EUR 1.2 33.2 21.4 26.2
CH
Adecco Group AG
SIX:ADEN
3.9B CHF 0.2 13.5 7.7 10.9
CN
51job Inc
F:IWQ
3.9B EUR 7.4 50.7 41.1 41.9
JP
Persol Holdings Co Ltd
TSE:2181
614.6B JPY 0.4 17.2 6.4 10
US
Robert Half International Inc
NYSE:RHI
4.2B USD 0.7 20.4 12.4 15.2
US
Korn Ferry
NYSE:KFY
3.8B USD 1.4 15.6 8.1 10
US
TriNet Group Inc
NYSE:TNET
3.5B USD 0.7 21.1 13.1 17
JP
TechnoPro Holdings Inc
TSE:6028
435.2B JPY 1.9 24.9 14 15.7
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
UK
SThree PLC
LSE:STEM
Average EV/EBITDA: 14.2
3.5
-10%
N/A
JP
Recruit Holdings Co Ltd
TSE:6098
18.6
12%
1.6
NL
R
Randstad NV
AEX:RAND
9.5
8%
1.2
US
R
Robert Half Inc
SWB:RHJ
21.4
28%
0.8
CH
A
Adecco Group AG
SIX:ADEN
7.7
11%
0.7
CN
5
51job Inc
F:IWQ
41.1
N/A N/A
JP
P
Persol Holdings Co Ltd
TSE:2181
6.4
8%
0.8
US
Robert Half International Inc
NYSE:RHI
12.4
28%
0.4
US
Korn Ferry
NYSE:KFY
8.1
13%
0.6
US
TriNet Group Inc
NYSE:TNET
13.1
4%
3.3
JP
TechnoPro Holdings Inc
TSE:6028
14
12%
1.2
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
UK
SThree PLC
LSE:STEM
Average EV/EBIT: 17.6
4.2
-15%
N/A
JP
Recruit Holdings Co Ltd
TSE:6098
22.8
N/A N/A
NL
R
Randstad NV
AEX:RAND
20.2
20%
1
US
R
Robert Half Inc
SWB:RHJ
26.2
31%
0.8
CH
A
Adecco Group AG
SIX:ADEN
10.9
15%
0.7
CN
5
51job Inc
F:IWQ
41.9
N/A N/A
JP
P
Persol Holdings Co Ltd
TSE:2181
10
N/A N/A
US
Robert Half International Inc
NYSE:RHI
15.2
31%
0.5
US
Korn Ferry
NYSE:KFY
10
16%
0.6
US
TriNet Group Inc
NYSE:TNET
17
1%
17
JP
TechnoPro Holdings Inc
TSE:6028
15.7
N/A N/A