Financials Randstad N.V.

Equities

RAND

NL0000379121

Employment Services

Market Closed - Euronext Amsterdam 16:35:27 26/04/2024 BST 5-day change 1st Jan Change
46.43 EUR +1.62% Intraday chart for Randstad N.V. -3.61% -18.14%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 9,978 9,759 11,045 10,416 10,227 8,231 - -
Enterprise Value (EV) 1 11,355 10,014 11,460 11,286 11,150 9,182 8,886 8,564
P/E ratio 16.9 x 33.1 x 14.6 x 11.3 x 16.5 x 16.4 x 12.5 x 10.8 x
Yield 7.94% 3.04% 3.65% 5% 4.02% 4.75% 6.15% 6.78%
Capitalization / Revenue 0.42 x 0.47 x 0.45 x 0.38 x 0.4 x 0.33 x 0.32 x 0.31 x
EV / Revenue 0.48 x 0.48 x 0.47 x 0.41 x 0.44 x 0.37 x 0.34 x 0.32 x
EV / EBITDA 8.14 x 9.9 x 8.06 x 7.07 x 8.11 x 8.03 x 6.76 x 6.04 x
EV / FCF 12.4 x 8.85 x 19.4 x 15.3 x 10.1 x 12.4 x 12.8 x 10.8 x
FCF Yield 8.06% 11.3% 5.15% 6.55% 9.87% 8.06% 7.83% 9.27%
Price to Book 2.23 x 2.09 x 2.24 x 2.13 x 2.18 x 1.81 x 1.7 x 1.57 x
Nbr of stocks (in thousands) 183,283 183,298 183,954 182,865 180,300 177,279 - -
Reference price 2 54.44 53.24 60.04 56.96 56.72 46.43 46.43 46.43
Announcement Date 11/02/20 09/02/21 15/02/22 14/02/23 13/02/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 23,676 20,718 24,635 27,568 25,426 24,685 25,776 26,921
EBITDA 1 1,395 1,011 1,421 1,597 1,374 1,144 1,314 1,419
EBIT 1 1,094 692 1,095 1,294 1,075 893.9 1,044 1,170
Operating Margin 4.62% 3.34% 4.44% 4.69% 4.23% 3.62% 4.05% 4.35%
Earnings before Tax (EBT) 1 819 364 1,018 1,126 762 682.6 882.6 1,022
Net income 1 606 304 768 929 624 506.2 657.3 746.9
Net margin 2.56% 1.47% 3.12% 3.37% 2.45% 2.05% 2.55% 2.77%
EPS 2 3.230 1.610 4.100 5.020 3.430 2.834 3.728 4.317
Free Cash Flow 1 915 1,132 590 739 1,101 739.8 695.7 794.1
FCF margin 3.86% 5.46% 2.39% 2.68% 4.33% 3% 2.7% 2.95%
FCF Conversion (EBITDA) 65.59% 111.97% 41.52% 46.27% 80.13% 64.68% 52.93% 55.97%
FCF Conversion (Net income) 150.99% 372.37% 76.82% 79.55% 176.44% 146.14% 105.85% 106.33%
Dividend per Share 2 4.320 1.620 2.190 2.850 2.280 2.208 2.857 3.147
Announcement Date 11/02/20 09/02/21 15/02/22 14/02/23 13/02/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 6,754 6,621 6,886 7,054 7,007 6,518 6,465 6,260 6,183 5,938 6,176 6,292 6,439 6,190 -
EBITDA 1 434 - - - - 338 349 - 344 260 283.3 313.7 374 - -
EBIT 335 286 308 336 364 266 271 - 265 - - - - - -
Operating Margin 4.96% 4.32% 4.47% 4.76% 5.19% 4.08% 4.19% - 4.29% - - - - - -
Earnings before Tax (EBT) - - - - - - - - - - - - - - -
Net income 1 246 - - 228 294 152 137 168 163 86 121.6 148.1 180.3 - -
Net margin 3.64% - - 3.23% 4.2% 2.33% 2.12% 2.68% 2.64% 1.45% 1.97% 2.35% 2.8% - -
EPS 2 1.280 1.130 1.060 1.240 1.590 0.8300 0.7400 0.9200 0.9100 0.4800 0.6672 0.8215 1.004 - -
Dividend per Share 2 2.190 - - - - - - - 2.280 - 0.8693 0.8693 0.8693 0.9272 0.9272
Announcement Date 15/02/22 26/04/22 26/07/22 25/10/22 14/02/23 25/04/23 25/07/23 24/10/23 13/02/24 23/04/24 - - - - -
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,377 255 415 870 923 951 655 332
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 0.9871 x 0.2522 x 0.292 x 0.5448 x 0.6718 x 0.8315 x 0.498 x 0.2343 x
Free Cash Flow 1 915 1,132 590 739 1,101 740 696 794
ROE (net income / shareholders' equity) 17.2% 10.3% 16.8% 21.2% 16.9% 13.4% 15.6% 16.4%
ROA (Net income/ Total Assets) 7.4% 4.76% 7.82% 9.4% 7.47% 5.12% 6.28% 7.52%
Assets 1 8,189 6,386 9,827 9,883 8,354 9,887 10,473 9,929
Book Value Per Share 2 24.40 25.50 26.80 26.70 26.00 25.70 27.30 29.50
Cash Flow per Share 2 6.900 7.940 4.940 5.850 6.650 5.530 4.680 5.370
Capex 1 122 106 128 122 93 106 118 118
Capex / Sales 0.52% 0.51% 0.52% 0.44% 0.37% 0.43% 0.46% 0.44%
Announcement Date 11/02/20 09/02/21 15/02/22 14/02/23 13/02/24 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
15
Last Close Price
46.43 EUR
Average target price
50.43 EUR
Spread / Average Target
+8.62%
Consensus
  1. Stock Market
  2. Equities
  3. RAND Stock
  4. Financials Randstad N.V.