SThree PLC
LSE:STEM

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SThree PLC
LSE:STEM
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Price: 253 GBX Market Closed
Market Cap: 323.3m GBX

Relative Value

The Relative Value of one STEM stock under the Base Case scenario is 397.72 GBX. Compared to the current market price of 253 GBX, SThree PLC is Undervalued by 36%.

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
397.72 GBX
Undervaluation 36%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
90
vs Industry
83
Median 3Y
0.3
Median 5Y
0.3
Industry
1.4
Forward
0.3
vs History
92
vs Industry
60
Median 3Y
9.5
Median 5Y
9.9
Industry
19.7
Forward
19.1
vs History
52
vs Industry
50
Median 3Y
8.9
Median 5Y
8.9
Industry
13.2
vs History
7
vs Industry
16
Median 3Y
19.3
Median 5Y
15.7
Industry
18.7
vs History
92
vs Industry
62
Median 3Y
2.5
Median 5Y
2.6
Industry
2.5
vs History
92
vs Industry
83
Median 3Y
0.3
Median 5Y
0.3
Industry
1.4
Forward
0.2
vs History
92
vs Industry
75
Median 3Y
1.1
Median 5Y
1.2
Industry
3.5
vs History
92
vs Industry
61
Median 3Y
4.7
Median 5Y
4.9
Industry
10.6
Forward
6.8
vs History
92
vs Industry
63
Median 3Y
5.6
Median 5Y
5.9
Industry
13.7
Forward
11.8
vs History
50
vs Industry
50
Median 3Y
7.8
Median 5Y
7.8
Industry
12.4
vs History
44
vs Industry
38
Median 3Y
10.9
Median 5Y
10.9
Industry
15.1
vs History
92
vs Industry
51
Median 3Y
2.6
Median 5Y
2.7
Industry
1.8

Multiples Across Competitors

STEM Competitors Multiples
SThree PLC Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
UK
SThree PLC
LSE:STEM
343m GBP 0.2 6.9 3.6 4.5
JP
Recruit Holdings Co Ltd
TSE:6098
12.1T JPY 3.4 29.5 17.9 21.6
NL
Randstad NV
AEX:RAND
7.3B EUR 0.3 68.8 10.2 21.7
US
Robert Half Inc
SWB:RHJ
6.1B EUR 1.2 34.5 22.4 27.4
CH
Adecco Group AG
SIX:ADEN
4.2B CHF 0.2 15 8.2 11.6
CN
51job Inc
F:IWQ
3.9B EUR 7.3 50.7 41 41.8
JP
Persol Holdings Co Ltd
TSE:2181
635.7B JPY 0.4 17.7 6.5 10.2
US
Robert Half International Inc
NYSE:RHI
4.3B USD 0.8 20.9 12.8 15.7
US
Korn Ferry
NYSE:KFY
3.8B USD 1.4 15.6 7.2 8.9
US
TriNet Group Inc
NYSE:TNET
3.3B USD 0.7 19.9 12.4 16.2
US
Alight Inc
NYSE:ALIT
3.1B USD 1.3 -45.3 10.9 79
P/E Multiple
Earnings Growth PEG
UK
SThree PLC
LSE:STEM
Average P/E: 28
6.9
-15%
N/A
JP
Recruit Holdings Co Ltd
TSE:6098
29.5
N/A N/A
NL
R
Randstad NV
AEX:RAND
68.8
87%
0.8
US
R
Robert Half Inc
SWB:RHJ
34.5
18%
1.9
CH
A
Adecco Group AG
SIX:ADEN
15
24%
0.6
CN
5
51job Inc
F:IWQ
50.7
N/A N/A
JP
P
Persol Holdings Co Ltd
TSE:2181
17.7
18%
1
US
Robert Half International Inc
NYSE:RHI
20.9
18%
1.2
US
Korn Ferry
NYSE:KFY
15.6
11%
1.4
US
TriNet Group Inc
NYSE:TNET
19.9
18%
1.1
US
Alight Inc
NYSE:ALIT
Negative Multiple: -45.3 N/A N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
UK
SThree PLC
LSE:STEM
Average EV/EBITDA: 13.9
3.6
-10%
N/A
JP
Recruit Holdings Co Ltd
TSE:6098
17.9
10%
1.8
NL
R
Randstad NV
AEX:RAND
10.2
8%
1.3
US
R
Robert Half Inc
SWB:RHJ
22.4
28%
0.8
CH
A
Adecco Group AG
SIX:ADEN
8.2
11%
0.7
CN
5
51job Inc
F:IWQ
41
N/A N/A
JP
P
Persol Holdings Co Ltd
TSE:2181
6.5
8%
0.8
US
Robert Half International Inc
NYSE:RHI
12.8
28%
0.5
US
Korn Ferry
NYSE:KFY
7.2
9%
0.8
US
TriNet Group Inc
NYSE:TNET
12.4
4%
3.1
US
Alight Inc
NYSE:ALIT
10.9
18%
0.6
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
UK
SThree PLC
LSE:STEM
Average EV/EBIT: 23.5
4.5
-15%
N/A
JP
Recruit Holdings Co Ltd
TSE:6098
21.6
N/A N/A
NL
R
Randstad NV
AEX:RAND
21.7
20%
1.1
US
R
Robert Half Inc
SWB:RHJ
27.4
31%
0.9
CH
A
Adecco Group AG
SIX:ADEN
11.6
15%
0.8
CN
5
51job Inc
F:IWQ
41.8
N/A N/A
JP
P
Persol Holdings Co Ltd
TSE:2181
10.2
N/A N/A
US
Robert Half International Inc
NYSE:RHI
15.7
31%
0.5
US
Korn Ferry
NYSE:KFY
8.9
10%
0.9
US
TriNet Group Inc
NYSE:TNET
16.2
1%
16.2
US
Alight Inc
NYSE:ALIT
79
56%
1.4