Cash flow Hays plc

Stocks

HAS

GB0004161021

Employment Services

Market Closed - London S.E. Other stock markets 16:35:08 16/06/2026 BST			5-day change	1st Jan Change
35.78 ^GBX	-1.43%		+3.17%	-36.45%

07:31am	SThree's net fees fall as Europe reins in recruitment	RE
06-11	Barclays cuts Vodafone; Morgan Stanley ups Hays	AN

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Published financial data: HAYS PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2021	2022	2023	2024	2025
Revenues	5.65B	6.59B	7.58B	6.95B	6.61B
Total Revenues	5.65B	6.59B	7.58B	6.95B	6.61B
Cost of Goods Sold, Total	5.36B	6.17B	7.16B	6.66B	6.34B
Gross Profit	292M	421M	427M	293M	268M
Selling General & Admin Expenses, Total	129M	142M	159M	158M	160M
Provision for Bad Debts	1.9M	2.4M	3M	1.4M	500K
Depreciation & Amortization - (IS)	56.7M	54M	56.9M	57.1M	54.9M
Amortization of Goodwill and Intangible Assets - (IS)	11.3M	10.1M	10M	9.2M	7.7M
Other Operating Expenses, Total	198M	209M	229M	226M	223M
Operating Income	93.8M	213M	198M	66.8M	45.4M
Interest Expense, Total	-6.1M	-5.1M	-7.9M	-12.2M	-14.1M
Interest And Investment Income	400K	800K	2M	3.2M	2.2M
Net Interest Expenses	-5.7M	-4.3M	-5.9M	-9M	-11.9M
Other Non Operating Income (Expenses)	-	-	-	-	-
EBT, Excl. Unusual Items	88.1M	208M	192M	57.8M	33.5M
Restructuring Charges	-	-4.2M	-	-	-
Impairment of Goodwill	-	-	-	-15.3M	-1M
Gain (Loss) On Sale Of Assets	-	-	-	-400K	-300K
Asset Writedown	-	-	-	-27.4M	-1.7M
Legal Settlements	-	-	-	-	-
Other Unusual Items	-	-	-	-	-29M
EBT, Incl. Unusual Items	88.1M	204M	192M	14.7M	1.5M
Income Tax Expense	26.6M	50.1M	53.8M	19.6M	9.3M
Earnings From Continuing Operations	61.5M	154M	138M	-4.9M	-7.8M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	61.5M	154M	138M	-4.9M	-7.8M
Net Income - (IS)	61.5M	154M	138M	-4.9M	-7.8M
Net Income to Common Incl Extra Items	61.5M	154M	138M	-4.9M	-7.8M
Net Income to Common Excl. Extra Items	61.5M	154M	138M	-4.9M	-7.8M
Per Share Items
Net EPS - Basic	0.04	0.09	0.09	-0	-0
Basic EPS - Continuing Operations	0.04	0.09	0.09	-0	-0
Basic Weighted Average Shares Outstanding	1.68B	1.67B	1.61B	1.59B	1.59B
Net EPS - Diluted	0.04	0.09	0.09	-0	-0
Diluted EPS - Continuing Operations	0.04	0.09	0.09	-0	-0
Diluted Weighted Average Shares Outstanding	1.69B	1.69B	1.62B	1.6B	1.6B
Normalized Basic EPS	0.03	0.08	0.07	0.02	0.01
Normalized Diluted EPS	0.03	0.08	0.07	0.02	0.01
Dividend Per Share	0.01	0.03	0.03	0.03	0.01
Payout Ratio	-	23.61	33.26	-971.43	-612.82
American Depositary Receipts Ratio (ADR)	10	10	10	10	10
Supplemental Items
EBITDA	117M	233M	219M	87.1M	63.3M
EBITA	105M	223M	208M	76M	53.1M
EBIT	93.8M	213M	198M	66.8M	45.4M
EBITDAR	119M	236M	223M	90.6M	66.7M
Effective Tax Rate - (Ratio)	30.19	24.52	28.01	133.33	620
Total Current Taxes	33.4M	50.8M	50.4M	23.3M	9.4M
Total Deferred Taxes	-6.8M	-700K	3.4M	-3.6M	-100K
Normalized Net Income	55.06M	130M	120M	36.12M	20.94M
Interest on Long-Term Debt	5M	3.9M	4.2M	5M	4.6M
Non-Cash Pension Expense	-1M	-1.1M	-4.3M	-1.7M	-1.5M
Supplemental Operating Expense Items
General and Administrative Expenses	1.7M	2M	2.3M	2.7M	2.9M
Net Rental Expense, Total	2.1M	3.1M	3.8M	3.5M	3.4M
Imputed Operating Lease Interest Expense	477K	655K	1.25M	1.54M	1.29M
Imputed Operating Lease Depreciation	1.62M	2.45M	2.55M	1.96M	2.11M
Stock-Based Comp., COGS (Total)	8.7M	10.9M	12M	-	-
Stock-Based Comp., Other (Total)	-	-	-	9.7M	7.7M
Total Stock-Based Compensation	8.7M	10.9M	12M	9.7M	7.7M

Fiscal Period: June	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	411M	296M	146M	122M	168M
Total Cash And Short Term Investments	411M	296M	146M	122M	168M
Accounts Receivable, Total	510M	663M	727M	754M	665M
Other Receivables	383M	501M	484M	404M	414M
Total Receivables	893M	1.16B	1.21B	1.16B	1.08B
Prepaid Expenses	40.4M	46M	40.8M	45.7M	60.7M
Other Current Assets, Total	-	-	100K	-	-
Total Current Assets	1.34B	1.51B	1.4B	1.33B	1.31B
Gross Property Plant And Equipment	299M	286M	295M	276M	273M
Accumulated Depreciation	-81.2M	-85M	-89.6M	-88.4M	-84.9M
Net Property Plant And Equipment	218M	201M	206M	187M	188M
Goodwill	200M	202M	200M	183M	182M
Other Intangibles, Total	44.8M	47.1M	53.7M	37.7M	45.8M
Deferred Tax Assets Long-Term	20.6M	18.5M	21.4M	25.4M	44.6M
Other Long-Term Assets, Total	46.6M	102M	25.7M	19.4M	-
Total Assets	1.87B	2.08B	1.9B	1.78B	1.77B
Liabilities
Accounts Payable, Total	151M	280M	279M	321M	309M
Accrued Expenses, Total	530M	609M	625M	551M	538M
Short-term Borrowings	-	-	-	-	36.5M
Current Portion of Leases	36.9M	39.8M	41.3M	44.2M	39.8M
Current Income Taxes Payable	22.9M	34.5M	16.2M	13M	14.8M
Other Current Liabilities	82.5M	154M	98.4M	79.1M	111M
Total Current Liabilities	823M	1.12B	1.06B	1.01B	1.05B
Long-Term Debt	-	-	10M	65M	95M
Long-Term Leases	164M	145M	148M	135M	141M
Pension & Other Post Retirement Benefits	-	-	-	-	-
Deferred Tax Liability Non Current	4.9M	10M	2.8M	-	-
Other Non Current Liabilities	9.6M	9M	12.8M	12.7M	17.9M
Total Liabilities	1B	1.28B	1.23B	1.22B	1.3B
Common Stock, Total	16.8M	16.7M	16M	16M	16M
Additional Paid In Capital	370M	370M	370M	370M	370M
Retained Earnings	208M	268M	155M	62M	12.1M
Comprehensive Income and Other	278M	142M	129M	110M	69M
Total Common Equity	872M	796M	670M	558M	467M
Total Equity	872M	796M	670M	558M	467M
Total Liabilities And Equity	1.87B	2.08B	1.9B	1.78B	1.77B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.68B	1.65B	1.59B	1.58B	1.59B
ECS Total Common Shares Outstanding	1.68B	1.65B	1.59B	1.58B	1.59B
Book Value / Share	0.52	0.48	0.42	0.35	0.29
Tangible Book Value	627M	547M	416M	337M	239M
Tangible Book Value Per Share	0.37	0.33	0.26	0.21	0.15
Total Debt	201M	185M	200M	244M	312M
Net Debt	-210M	-111M	54.2M	122M	144M
Debt Equivalent of Unfunded Proj. Benefit Obligation	-46.6M	-102M	-25.7M	-19.4M	0
Debt Equivalent Oper. Leases	16.8M	24.8M	30.4M	28M	27.2M
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	81.8M	86.2M	91.3M	85.1M	78.4M
Full Time Employees	10.78K	13.23K	13.05K	11.12K	9.52K
Accumulated Allowance for Doubtful Accounts (Supple)	16.6M	-	-	18.5M	16.5M

Fiscal Period: June	2021	2022	2023	2024	2025
Net Income	61.5M	154M	138M	-4.9M	-7.8M
Depreciation & Amortization - CF	56.7M	54M	56.9M	57.1M	54.9M
Amortization of Goodwill and Intangible Assets - (CF)	11.3M	10.1M	10M	9.2M	7.7M
Depreciation & Amortization, Total	68M	64.1M	66.9M	66.3M	62.6M
(Gain) Loss From Sale Of Asset	400K	5.7M	100K	-	300K
Asset Writedown & Restructuring Costs	-	-	-	80M	17.7M
Stock-Based Compensation (CF)	8.7M	10.9M	12M	8.2M	7.7M
Other Operating Activities, Total	-21.7M	1.8M	-22.9M	-37.3M	-28.7M
Change In Accounts Receivable	-80.7M	-259M	-53.2M	43.2M	51.3M
Change In Accounts Payable	-30.2M	194M	24.5M	-59.7M	6.8M
Cash from Operations	6M	172M	166M	95.8M	110M
Capital Expenditure	-9.2M	-12.1M	-12.3M	-7.6M	-7M
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	-	-	-1M	-	-
Sale (Purchase) of Intangible assets	-9.6M	-12.3M	-16.8M	-15.8M	-15.7M
Other Investing Activities, Total	400K	800K	2M	3.2M	2.2M
Cash from Investing	-18.4M	-23.6M	-28.1M	-20.2M	-20.5M
Short Term Debt Issued, Total	-	-	-	-	135M
Long-Term Debt Issued, Total	-	-	10M	55M	30M
Total Debt Issued	-	-	10M	55M	165M
Short Term Debt Repaid, Total	-	-	-	-	-135M
Long-Term Debt Repaid, Total	-50M	-45M	-49.9M	-51M	-47.5M
Total Debt Repaid	-50M	-45M	-49.9M	-51M	-182M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-6.4M	-38M	-75.7M	-12.3M	-
Common Dividends Paid	-	-36.4M	-46M	-47.6M	-47.8M
Common & Preferred Stock Dividends Paid	-	-36.4M	-46M	-47.6M	-47.8M
Special Dividend Paid	-	-150M	-119M	-35.7M	-
Other Financing Activities, Total	-1.3M	-1.3M	-3.7M	-7.2M	-9.5M
Cash from Financing	-57.7M	-271M	-284M	-98.8M	-74.8M
Foreign Exchange Rate Adjustments	-3.8M	8.2M	-3.8M	-600K	-4.4M
Net Change in Cash	-73.9M	-114M	-151M	-23.8M	10.2M
Supplemental Items
Cash Interest Paid	1.3M	1.3M	3.7M	7.2M	9.5M
Cash Income Tax Paid (Refund)	31.8M	39M	65.8M	26.4M	12.9M
Levered Free Cash Flow	7.61M	194M	68.61M	79.92M	139M
Unlevered Free Cash Flow	11.42M	198M	73.55M	87.55M	148M
Change In Net Working Capital	105M	-14M	100M	6.8M	-72.3M
Net Debt Issued / Repaid	-50M	-45M	-39.9M	4M	-17.5M

Fiscal Period: June	2021	2022	2023	2024	2025
Profitability
Return on Assets	3.07	6.73	6.22	2.27	1.58
Return on Total Capital	5.44	12.95	13.37	4.99	3.5
Return On Equity %	7.13	18.49	18.86	-0.8	-1.52
Return on Common Equity	7.13	18.49	18.86	-0.8	-1.52
Margin Analysis
Gross Profit Margin %	5.17	6.4	5.63	4.21	4.06
SG&A Margin	2.28	2.16	2.1	2.28	2.42
EBITDA Margin %	2.07	3.53	2.89	1.25	0.96
EBITA Margin %	1.86	3.38	2.74	1.09	0.8
EBIT Margin %	1.66	3.23	2.61	0.96	0.69
Income From Continuing Operations Margin %	1.09	2.34	1.82	-0.07	-0.12
Net Income Margin %	1.09	2.34	1.82	-0.07	-0.12
Net Avail. For Common Margin %	1.09	2.34	1.82	-0.07	-0.12
Normalized Net Income Margin	0.97	1.98	1.58	0.52	0.32
Levered Free Cash Flow Margin	0.13	2.95	0.9	1.15	2.11
Unlevered Free Cash Flow Margin	0.2	3	0.97	1.26	2.24
Asset Turnover
Asset Turnover	2.96	3.34	3.81	3.77	3.68
Fixed Assets Turnover	24.26	31.47	37.28	35.35	35.18
Receivables Turnover (Average Receivables)	10.95	11.23	10.91	9.38	9.31
Short Term Liquidity
Current Ratio	1.63	1.35	1.32	1.32	1.25
Quick Ratio	1.58	1.31	1.28	1.27	1.19
Operating Cash Flow to Current Liabilities	0.01	0.15	0.16	0.1	0.1
Days Sales Outstanding (Average Receivables)	33.32	32.5	33.46	39.01	39.2
Average Days Payable Outstanding	11.28	12.74	14.23	16.48	18.13
Long Term Solvency
Total Debt/Equity	23.07	23.25	29.81	43.81	66.9
Total Debt / Total Capital	18.74	18.86	22.96	30.47	40.08
LT Debt/Equity	18.83	18.25	23.65	35.89	50.55
Long-Term Debt / Total Capital	15.3	14.81	18.22	24.95	30.29
Total Liabilities / Total Assets	53.47	61.67	64.8	68.64	73.62
EBIT / Interest Expense	15.38	41.73	25.06	5.48	3.22
EBITDA / Interest Expense	26.52	54.29	33.53	10.91	7.66
(EBITDA - Capex) / Interest Expense	25.02	51.92	31.97	10.29	7.16
Total Debt / EBITDA	1.24	0.67	0.75	1.84	2.89
Net Debt / EBITDA	-1.29	-0.4	0.2	0.92	1.33
Total Debt / (EBITDA - Capex)	1.32	0.7	0.79	1.95	3.09
Net Debt / (EBITDA - Capex)	-1.37	-0.42	0.21	0.98	1.42
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-4.74	16.65	15.09	-8.36	-4.92
Gross Profit, 1 Yr. Growth %	-15.59	44.17	1.28	-31.44	-16.91
EBITDA, 1 Yr. Growth %	-22.36	99.57	-6.01	-60.21	-48.95
EBITA, 1 Yr. Growth %	-24.61	112.08	-6.68	-63.46	-52.97
EBIT, 1 Yr. Growth %	-29.42	126.87	-6.95	-66.26	-56.22
Earnings From Cont. Operations, 1 Yr. Growth %	29.47	150.73	-10.31	-103.54	59.18
Net Income, 1 Yr. Growth %	29.47	150.73	-10.31	-103.54	59.18
Normalized Net Income, 1 Yr. Growth %	-30.19	136.66	-7.87	-69.91	-64.63
Diluted EPS Before Extra, 1 Yr. Growth %	17.42	150.27	-6.48	-103.64	58.23
Accounts Receivable, 1 Yr. Growth %	-2.11	29.99	9.62	3.76	-11.85
Net Property, Plant and Equip., 1 Yr. Growth %	-12.22	-7.67	2.39	-8.94	0.43
Total Assets, 1 Yr. Growth %	-3.42	10.88	-8.35	-6.61	-2.65
Tangible Book Value, 1 Yr. Growth %	5.31	-12.8	-23.87	-19.05	-29.11
Common Equity, 1 Yr. Growth %	2.16	-8.67	-15.81	-16.81	-16.3
Cash From Operations, 1 Yr. Growth %	-98.31	2.76K	-3.49	-42.18	14.72
Capital Expenditures, 1 Yr. Growth %	-2.13	31.52	1.65	-38.21	-7.89
Levered Free Cash Flow, 1 Yr. Growth %	-97.67	2.45K	-64.71	16.49	35.42
Unlevered Free Cash Flow, 1 Yr. Growth %	-96.55	1.63K	-62.78	19.03	34.05
Dividend Per Share, 1 Yr. Growth %	-	133.61	5.26	0	-58.67
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-3.54	5.41	15.87	2.7	-6.66
Gross Profit, 2 Yr. CAGR %	-19.54	10.31	20.84	-16.67	-20.73
EBITDA, 2 Yr. CAGR %	-33.43	24.48	36.96	-38.85	-46.23
EBITA, 2 Yr. CAGR %	-35.59	26.45	40.68	-41.61	-49.47
EBIT, 2 Yr. CAGR %	-38.51	26.54	45.29	-43.97	-52.12
Earnings From Cont. Operations, 2 Yr. CAGR %	-38.33	80.18	49.96	-82.17	-76.25
Net Income, 2 Yr. CAGR %	-38.33	80.18	49.96	-82.17	-76.25
Normalized Net Income, 2 Yr. CAGR %	-40.19	28.54	47.66	-47.35	-58.24
Diluted EPS Before Extra, 2 Yr. CAGR %	-42.4	71.43	52.99	-81.55	-76.01
Accounts Receivable, 2 Yr. CAGR %	-11.36	12.8	19.37	6.65	-4.37
Net Property, Plant and Equip., 2 Yr. CAGR %	156.85	-9.97	-2.77	-3.44	-4.37
Total Assets, 2 Yr. CAGR %	11.65	3.48	0.81	-7.48	-3.61
Tangible Book Value, 2 Yr. CAGR %	19.94	-4.18	-18.52	-21.49	-24.25
Common Equity, 2 Yr. CAGR %	11.48	-3.41	-12.31	-16.31	-16.56
Cash From Operations, 2 Yr. CAGR %	-81.15	-30.38	425.52	-25.3	-18.56
Capital Expenditures, 2 Yr. CAGR %	-17.45	13.46	15.63	-20.75	-24.56
Levered Free Cash Flow, 2 Yr. CAGR %	-75.57	-22.81	200.22	-35.88	42.57
Unlevered Free Cash Flow, 2 Yr. CAGR %	-70.26	-22.72	153.72	-33.44	41.98
Dividend Per Share, 2 Yr. CAGR %	-44.56	-	56.81	2.6	-35.71
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-0.61	2.77	8.55	7.15	0.09
Gross Profit, 3 Yr. CAGR %	-12.42	-2.27	7.22	0.03	-13.98
EBITDA, 3 Yr. CAGR %	-23.09	-4.01	13.35	-9.29	-35.22
EBITA, 3 Yr. CAGR %	-24.82	-4.17	14.27	-10.24	-38.01
EBIT, 3 Yr. CAGR %	-26.99	-4.99	14.21	-10.7	-40.25
Earnings From Cont. Operations, 3 Yr. CAGR %	-28.15	-1.57	42.79	-56.97	-63.02
Net Income, 3 Yr. CAGR %	-28.15	-1.57	42.79	-56.97	-63.02
Normalized Net Income, 3 Yr. CAGR %	-28.25	-5.4	15.03	-13.11	-45.64
Diluted EPS Before Extra, 3 Yr. CAGR %	-31.45	-6.01	40.07	-56	-62.24
Accounts Receivable, 3 Yr. CAGR %	-6.95	0.71	11.73	13.92	0.09
Net Property, Plant and Equip., 3 Yr. CAGR %	95.13	82.63	-6.03	-4.87	-2.17
Total Assets, 3 Yr. CAGR %	7.49	11.39	-0.62	-1.73	-5.21
Tangible Book Value, 3 Yr. CAGR %	11.41	7.85	-11.25	-18.7	-24.12
Common Equity, 3 Yr. CAGR %	7.56	4.31	-7.73	-13.84	-16.31
Cash From Operations, 3 Yr. CAGR %	-66.7	0.55	-22.37	151.81	-13.82
Capital Expenditures, 3 Yr. CAGR %	-15.22	-3.58	9.38	-6.17	-16.68
Levered Free Cash Flow, 3 Yr. CAGR %	-59.71	15.07	-40.53	118.97	-10.48
Unlevered Free Cash Flow, 3 Yr. CAGR %	-54.12	15.23	-39.42	97.15	-9.13
Dividend Per Share, 3 Yr. CAGR %	-31.59	-10.46	-	34.98	-24.23
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	5.95	5.34	5.68	2.74	2.19
Gross Profit, 5 Yr. CAGR %	-2.39	1.63	-0.39	-8.31	-4.98
EBITDA, 5 Yr. CAGR %	-10.1	0.22	-3.12	-19.85	-15.88
EBITA, 5 Yr. CAGR %	-11.26	0.14	-3.4	-21.4	-17.55
EBIT, 5 Yr. CAGR %	-11.91	0.4	-3.85	-23.08	-19.33
Earnings From Cont. Operations, 5 Yr. CAGR %	-12.67	2.08	-3.56	-50.31	-30.32
Net Income, 5 Yr. CAGR %	-13.16	2.08	-3.56	-50.31	-30.32
Normalized Net Income, 5 Yr. CAGR %	-12.63	0.38	-4.23	-25.17	-23.3
Diluted EPS Before Extra, 5 Yr. CAGR %	-15.34	-0.92	-5.49	-51	-30.84
Accounts Receivable, 5 Yr. CAGR %	0.94	2.5	2.8	3.04	4.99
Net Property, Plant and Equip., 5 Yr. CAGR %	61.52	52.97	47.68	41.53	-5.37
Total Assets, 5 Yr. CAGR %	10.86	9.67	4.76	3.42	-1.83
Tangible Book Value, 5 Yr. CAGR %	23.78	9.68	-1.7	-5.02	-16.7
Common Equity, 5 Yr. CAGR %	13.75	6.31	-0.88	-4.49	-11.37
Cash From Operations, 5 Yr. CAGR %	-43.39	5.08	0.39	-10.72	-20.87
Capital Expenditures, 5 Yr. CAGR %	-2.23	-1.27	-4.02	-10.86	-5.73
Levered Free Cash Flow, 5 Yr. CAGR %	-33.59	11.03	-10.03	-8.93	-15.63
Unlevered Free Cash Flow, 5 Yr. CAGR %	-28.61	10.85	-9.07	-7.48	-14.83
Dividend Per Share, 5 Yr. CAGR %	-15.9	-2.41	-4.67	-5.45	-