B

Benefit Systems SA
WSE:BFT

Watchlist Manager
Benefit Systems SA
WSE:BFT
Watchlist
Price: 3 415 PLN 1.64%
Market Cap: 10.1B PLN

Relative Value

The Relative Value of one BFT stock under the Base Case scenario is 4 432.28 PLN. Compared to the current market price of 3 415 PLN, Benefit Systems SA is Undervalued by 23%.

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.

BFT Relative Value
Base Case
4 432.28 PLN
Undervaluation 23%
Relative Value
Price
B
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
6
vs Industry
25
Median 3Y
2.1
Median 5Y
2.1
Industry
1.3
Forward
2.5
vs History
22
vs Industry
35
Median 3Y
17.8
Median 5Y
17.5
Industry
18.6
Forward
19.1
vs History
15
vs Industry
48
Median 3Y
7.5
Median 5Y
7.8
Industry
12.8
vs History
33
vs Industry
21
Median 3Y
16.1
Median 5Y
16.1
Industry
17.5
vs History
0
vs Industry
8
Median 3Y
6.3
Median 5Y
4.4
Industry
2.3
vs History
12
vs Industry
23
Median 3Y
2.3
Median 5Y
2.4
Industry
1.3
Forward
2.7
vs History
28
vs Industry
18
Median 3Y
7.4
Median 5Y
7.8
Industry
3.1
vs History
22
vs Industry
38
Median 3Y
8.5
Median 5Y
9.1
Industry
9.8
Forward
9.1
vs History
28
vs Industry
31
Median 3Y
14.6
Median 5Y
14.6
Industry
13
Forward
14.2
vs History
19
vs Industry
42
Median 3Y
8.5
Median 5Y
8.8
Industry
12.1
vs History
19
vs Industry
37
Median 3Y
10.2
Median 5Y
10.6
Industry
14.2
vs History
0
vs Industry
16
Median 3Y
3.3
Median 5Y
1.9
Industry
1.7

Multiples Across Competitors

BFT Competitors Multiples
Benefit Systems SA Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
PL
Benefit Systems SA
WSE:BFT
10.1B PLN 3 22.5 10.9 17.1
JP
Recruit Holdings Co Ltd
TSE:6098
12.8T JPY 3.6 34 20.9 26
US
Robert Half Inc
SWB:RHJ
6.7B EUR 1.3 36.8 24 29.3
NL
Randstad NV
AEX:RAND
6.5B EUR 0.3 61.6 9.3 19.8
CH
Adecco Group AG
SIX:ADEN
3.9B CHF 0.2 13.8 7.8 11
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 7.1 49.1 39.2 40
US
TriNet Group Inc
NYSE:TNET
4.1B USD 0.8 23.5 11.4 13.9
JP
Persol Holdings Co Ltd
TSE:2181
572.9B JPY 0.4 15.9 5.8 9.1
US
Korn Ferry
NYSE:KFY
3.4B USD 1.3 14.1 7.2 9
US
First Advantage Corp
NASDAQ:FA
3.1B USD 3.6 -28 60.3 -80.8
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
PL
B
Benefit Systems SA
WSE:BFT
Average EV/EBITDA: 19.2
10.9
16%
0.7
JP
Recruit Holdings Co Ltd
TSE:6098
20.9
12%
1.7
US
R
Robert Half Inc
SWB:RHJ
24
37%
0.6
NL
R
Randstad NV
AEX:RAND
9.3
10%
0.9
CH
A
Adecco Group AG
SIX:ADEN
7.8
11%
0.7
US
Robert Half International Inc
NYSE:RHI
14
37%
0.4
CN
5
51job Inc
F:IWQ
39.2
N/A N/A
US
TriNet Group Inc
NYSE:TNET
11.4
6%
1.9
JP
P
Persol Holdings Co Ltd
TSE:2181
5.8
7%
0.8
US
Korn Ferry
NYSE:KFY
7.2
13%
0.6
US
F
First Advantage Corp
NASDAQ:FA
60.3
88%
0.7
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
PL
B
Benefit Systems SA
WSE:BFT
Average EV/EBIT: 19.2
17.1
18%
0.9
JP
Recruit Holdings Co Ltd
TSE:6098
26
N/A N/A
US
R
Robert Half Inc
SWB:RHJ
29.3
35%
0.8
NL
R
Randstad NV
AEX:RAND
19.8
21%
0.9
CH
A
Adecco Group AG
SIX:ADEN
11
15%
0.7
US
Robert Half International Inc
NYSE:RHI
17.1
35%
0.5
CN
5
51job Inc
F:IWQ
40
N/A N/A
US
TriNet Group Inc
NYSE:TNET
13.9
1%
13.9
JP
P
Persol Holdings Co Ltd
TSE:2181
9.1
N/A N/A
US
Korn Ferry
NYSE:KFY
9
16%
0.6
US
F
First Advantage Corp
NASDAQ:FA
Negative Multiple: -80.8 N/A N/A