SThree PLC
LSE:STEM

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SThree PLC
LSE:STEM
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Price: 244.11 GBX 0.05% Market Closed
Market Cap: 314m GBX

Relative Value

The Relative Value of one STEM stock under the Base Case scenario is 386.56 GBX. Compared to the current market price of 244.11 GBX, SThree PLC is Undervalued by 37%.

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
386.56 GBX
Undervaluation 37%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
92
vs Industry
83
Median 3Y
0.3
Median 5Y
0.3
Industry
1.3
Forward
0.2
vs History
92
vs Industry
60
Median 3Y
9.7
Median 5Y
9.9
Industry
18.7
Forward
18.2
vs History
53
vs Industry
50
Median 3Y
9.7
Median 5Y
8.9
Industry
12.5
vs History
9
vs Industry
16
Median 3Y
19.3
Median 5Y
12.4
Industry
17
vs History
95
vs Industry
62
Median 3Y
2.5
Median 5Y
2.6
Industry
2.3
vs History
95
vs Industry
83
Median 3Y
0.3
Median 5Y
0.3
Industry
1.3
Forward
0.2
vs History
92
vs Industry
75
Median 3Y
1.2
Median 5Y
1.2
Industry
3.1
vs History
95
vs Industry
61
Median 3Y
4.7
Median 5Y
4.9
Industry
9.8
Forward
6.6
vs History
92
vs Industry
63
Median 3Y
5.8
Median 5Y
5.9
Industry
12.9
Forward
11.3
vs History
55
vs Industry
50
Median 3Y
8.4
Median 5Y
7.8
Industry
11.8
vs History
46
vs Industry
38
Median 3Y
11
Median 5Y
10.9
Industry
13.9
vs History
92
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
330.9m GBP 0.2 6.7 3.5 4.3
JP
Recruit Holdings Co Ltd
TSE:6098
12.2T JPY 3.4 32.5 19.9 24.7
US
Robert Half Inc
SWB:RHJ
6.4B EUR 1.3 35.4 23 28.1
NL
Randstad NV
AEX:RAND
6.3B EUR 0.3 59.1 9 19.2
US
Robert Half International Inc
NYSE:RHI
4.6B USD 0.8 22.6 14 17.1
CN
51job Inc
F:IWQ
3.9B EUR 7.2 49.7 39.9 40.6
CH
Adecco Group AG
SIX:ADEN
3.6B CHF 0.2 12.8 7.4 10.5
US
TriNet Group Inc
NYSE:TNET
4B USD 0.8 23 11.2 13.7
JP
Persol Holdings Co Ltd
TSE:2181
568B JPY 0.4 15.8 5.8 9
US
Korn Ferry
NYSE:KFY
3.3B USD 1.2 13.5 6.9 8.6
US
Alight Inc
NYSE:ALIT
2.8B USD 1.2 -18 10 82.1
P/E Multiple
Earnings Growth PEG
UK
SThree PLC
LSE:STEM
Average P/E: 27.1
6.7
-15%
N/A
JP
Recruit Holdings Co Ltd
TSE:6098
32.5
17%
1.9
US
R
Robert Half Inc
SWB:RHJ
35.4
26%
1.4
NL
R
Randstad NV
AEX:RAND
59.1
87%
0.7
US
Robert Half International Inc
NYSE:RHI
22.6
26%
0.9
CN
5
51job Inc
F:IWQ
49.7
N/A N/A
CH
A
Adecco Group AG
SIX:ADEN
12.8
24%
0.5
US
TriNet Group Inc
NYSE:TNET
23
18%
1.3
JP
P
Persol Holdings Co Ltd
TSE:2181
15.8
18%
0.9
US
Korn Ferry
NYSE:KFY
13.5
24%
0.6
US
Alight Inc
NYSE:ALIT
Negative Multiple: -18 N/A N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
UK
SThree PLC
LSE:STEM
Average EV/EBITDA: 13.7
3.5
-9%
N/A
JP
Recruit Holdings Co Ltd
TSE:6098
19.9
12%
1.7
US
R
Robert Half Inc
SWB:RHJ
23
37%
0.6
NL
R
Randstad NV
AEX:RAND
9
10%
0.9
US
Robert Half International Inc
NYSE:RHI
14
37%
0.4
CN
5
51job Inc
F:IWQ
39.9
N/A N/A
CH
A
Adecco Group AG
SIX:ADEN
7.4
11%
0.7
US
TriNet Group Inc
NYSE:TNET
11.2
6%
1.9
JP
P
Persol Holdings Co Ltd
TSE:2181
5.8
7%
0.8
US
Korn Ferry
NYSE:KFY
6.9
13%
0.5
US
Alight Inc
NYSE:ALIT
10
18%
0.6
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
UK
SThree PLC
LSE:STEM
Average EV/EBIT: 23.4
4.3
-14%
N/A
JP
Recruit Holdings Co Ltd
TSE:6098
24.7
N/A N/A
US
R
Robert Half Inc
SWB:RHJ
28.1
42%
0.7
NL
R
Randstad NV
AEX:RAND
19.2
21%
0.9
US
Robert Half International Inc
NYSE:RHI
17.1
42%
0.4
CN
5
51job Inc
F:IWQ
40.6
N/A N/A
CH
A
Adecco Group AG
SIX:ADEN
10.5
15%
0.7
US
TriNet Group Inc
NYSE:TNET
13.7
5%
2.7
JP
P
Persol Holdings Co Ltd
TSE:2181
9
N/A N/A
US
Korn Ferry
NYSE:KFY
8.6
16%
0.5
US
Alight Inc
NYSE:ALIT
82.1
36%
2.3