A

Adecco Group AG
SIX:ADEN

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Adecco Group AG
SIX:ADEN
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Price: 22.66 CHF 9.36%
Market Cap: 3.8B CHF

Relative Value

The Relative Value of one ADEN stock under the Base Case scenario is 60.78 CHF. Compared to the current market price of 22.66 CHF, Adecco Group AG is Undervalued by 63%.

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.

ADEN Relative Value
Base Case
60.78 CHF
Undervaluation 63%
Relative Value
Price
A
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
98
vs Industry
86
Median 3Y
0.2
Median 5Y
0.3
Industry
1.3
Forward
0.2
vs History
69
vs Industry
39
Median 3Y
15.4
Median 5Y
15.6
Industry
18.6
Forward
9.6
vs History
98
vs Industry
60
Median 3Y
9.4
Median 5Y
9.4
Industry
12.8
vs History
49
vs Industry
41
Median 3Y
11.3
Median 5Y
10.6
Industry
17.5
vs History
98
vs Industry
66
Median 3Y
1.4
Median 5Y
1.6
Industry
2.3
vs History
95
vs Industry
78
Median 3Y
0.3
Median 5Y
0.3
Industry
1.3
Forward
0.3
vs History
96
vs Industry
63
Median 3Y
1.6
Median 5Y
1.6
Industry
3.1
vs History
74
vs Industry
43
Median 3Y
7.8
Median 5Y
7.7
Industry
9.8
Forward
6.8
vs History
58
vs Industry
39
Median 3Y
10.6
Median 5Y
10.5
Industry
13
Forward
8.9
vs History
82
vs Industry
44
Median 3Y
13.5
Median 5Y
11.8
Industry
12.1
vs History
82
vs Industry
39
Median 3Y
20.2
Median 5Y
15.1
Industry
14.2
vs History
98
vs Industry
65
Median 3Y
1
Median 5Y
1
Industry
1.7

Multiples Across Competitors

ADEN Competitors Multiples
Adecco Group AG Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
CH
Adecco Group AG
SIX:ADEN
3.8B CHF 0.2 13.1 7.5 10.7
JP
Recruit Holdings Co Ltd
TSE:6098
12.7T JPY 3.6 33.7 20.7 25.7
US
Robert Half Inc
SWB:RHJ
6.3B EUR 1.3 35.3 22.6 27.7
NL
Randstad NV
AEX:RAND
6.5B EUR 0.3 60.9 9.2 19.7
US
Robert Half International Inc
NYSE:RHI
4.4B USD 0.8 21.6 13.3 16.3
CN
51job Inc
F:IWQ
3.9B EUR 7.2 49.5 39.6 40.4
JP
Persol Holdings Co Ltd
TSE:2181
572.9B JPY 0.4 16 5.9 9.1
US
TriNet Group Inc
NYSE:TNET
4B USD 0.8 23.2 11.2 13.7
US
Korn Ferry
NYSE:KFY
3.3B USD 1.2 13.6 7 8.6
US
Alight Inc
NYSE:ALIT
2.8B USD 1.2 -18.1 10.1 82.4
PL
Benefit Systems SA
WSE:BFT
10B PLN 2.9 22.1 10.8 16.8
P/E Multiple
Earnings Growth PEG
CH
A
Adecco Group AG
SIX:ADEN
Average P/E: 28.9
13.1
24%
0.5
JP
Recruit Holdings Co Ltd
TSE:6098
33.7
17%
2
US
R
Robert Half Inc
SWB:RHJ
35.3
26%
1.4
NL
R
Randstad NV
AEX:RAND
60.9
87%
0.7
US
Robert Half International Inc
NYSE:RHI
21.6
26%
0.8
CN
5
51job Inc
F:IWQ
49.5
N/A N/A
JP
P
Persol Holdings Co Ltd
TSE:2181
16
18%
0.9
US
TriNet Group Inc
NYSE:TNET
23.2
18%
1.3
US
Korn Ferry
NYSE:KFY
13.6
24%
0.6
US
Alight Inc
NYSE:ALIT
Negative Multiple: -18.1 N/A N/A
PL
B
Benefit Systems SA
WSE:BFT
22.1
18%
1.2
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CH
A
Adecco Group AG
SIX:ADEN
Average EV/EBITDA: 14.4
7.5
11%
0.7
JP
Recruit Holdings Co Ltd
TSE:6098
20.7
12%
1.7
US
R
Robert Half Inc
SWB:RHJ
22.6
37%
0.6
NL
R
Randstad NV
AEX:RAND
9.2
10%
0.9
US
Robert Half International Inc
NYSE:RHI
13.3
37%
0.4
CN
5
51job Inc
F:IWQ
39.6
N/A N/A
JP
P
Persol Holdings Co Ltd
TSE:2181
5.9
7%
0.8
US
TriNet Group Inc
NYSE:TNET
11.2
6%
1.9
US
Korn Ferry
NYSE:KFY
7
13%
0.5
US
Alight Inc
NYSE:ALIT
10.1
18%
0.6
PL
B
Benefit Systems SA
WSE:BFT
10.8
16%
0.7
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CH
A
Adecco Group AG
SIX:ADEN
Average EV/EBIT: 24.6
10.7
15%
0.7
JP
Recruit Holdings Co Ltd
TSE:6098
25.7
N/A N/A
US
R
Robert Half Inc
SWB:RHJ
27.7
35%
0.8
NL
R
Randstad NV
AEX:RAND
19.7
21%
0.9
US
Robert Half International Inc
NYSE:RHI
16.3
35%
0.5
CN
5
51job Inc
F:IWQ
40.4
N/A N/A
JP
P
Persol Holdings Co Ltd
TSE:2181
9.1
N/A N/A
US
TriNet Group Inc
NYSE:TNET
13.7
1%
13.7
US
Korn Ferry
NYSE:KFY
8.6
16%
0.5
US
Alight Inc
NYSE:ALIT
82.4
56%
1.5
PL
B
Benefit Systems SA
WSE:BFT
16.8
18%
0.9