Adecco reported strong third-quarter results, with organic growth expanding by 3.7%. More importantly, EBITA expanded by 20 basis points, and permanent placement returned to growth for the first time in two years. Share prices expanded 13% in early Nov. 12 trading.
Adecco’s global peers do not have a smart industries consulting business similar to Akkodis, providing an additional opportunity for growth and margin expansion compared with peers.
Adecco has failed to separate itself from peers Randstad and Manpower, obtaining similar gross and EBITA margins.
Metric | ADEN | 6098 | CAP |
|---|---|---|---|
Price/Earnings (Normalized) | 11.06 | 34.34 | 13.21 |
Price/Book Value | 1.23 | 12.67 | 1.77 |
Price/Sales | 0.18 | 5.82 | 0.92 |
Price/Cash Flow | 7.21 | 34.84 | 5.55 |
Metric | ADEN | 6098 | CAP |
|---|---|---|---|
Quick Ratio | 1.03 | 1.96 | 1.18 |
Current Ratio | 1.15 | 2.09 | 1.28 |
Interest Coverage | 6.97 | 75.86 | 7.78 |
Metric | ADEN | 6098 | CAP |
|---|---|---|---|
Return on Assets (Normalized) | 2.44% | 23.71% | 7.38% |
Return on Equity (Normalized) | 8.65% | 40.15% | 18.07% |
Return on Invested Capital (Normalized) | 4.78% | 34.75% | 10.73% |
1-Day Chart | Name | Price | Morningstar Rating for Stocks | Capital Allocation | Economic Moat | Market Cap |
|---|---|---|---|---|---|---|
| Randstad NV ADR RANJY | — | LOCK|Sx? | $8B | |||
| Randstad NV RANJF | — | LOCK|$&x | $8B | |||
| Adecco Group AG ADR AHEXY | LOCK|fFHTqqK | LOCK|n$ | $5B | |||
| Adecco Group AG AHEXF | — | LOCK|&L | $5B | |||
| Robert Half Inc RHI | LOCK|$@<^FT% | LOCK|#X< | $4B | |||
| Korn Ferry KFY | — | LOCK|rq<c | $4B | |||
| Trinet Group Inc TNET | LOCK|dqg%!&V | LOCK|TrZN | $3B | |||
| ManpowerGroup Inc MAN | LOCK|<!m#nW | LOCK|X?b | $2B | |||
| Insperity Inc NSP | LOCK|<W^@!cJ | LOCK|^by | $2B | |||
| Hays PLC ADR HAYPY | — | LOCK|?>X | $1B |
United States