(RAND) Randstad - Overview
Sector: Industrials | Industry: Staffing & Employment Services | Exchange: AS (Netherlands) | Market Cap: 4.644m EUR | Total Return: -23.7% in 12m
Avg Turnover: 13.8M
EPS Trend: -92.1%
Qual. Beats: 0
Rev. Trend: -96.5%
Qual. Beats: 1
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Randstad N.V. is a global human resources provider headquartered in the Netherlands, specializing in temporary staffing, permanent placement, and recruitment process outsourcing. Its operations span North America, Europe, and the Asia Pacific, utilizing both digital platforms and in-house managed services to connect talent with employers across diverse sectors.
The company operates within the cyclical Human Resource & Employment Services industry, where revenue is highly sensitive to global GDP growth and labor market fluctuations. As a market leader, Randstad utilizes a tech and touch business model, combining proprietary digital tools for talent acquisition with physical branch networks to manage high-volume staffing requirements.
For a detailed analysis of the companys competitive positioning and valuation metrics, consider reviewing the latest reports on ValueRay. Since its founding in 1960, Randstad has expanded its service suite to include payroll administration, outplacement consulting, and career development, positioning itself as a comprehensive workforce solutions partner.
- Cyclical GDP growth fluctuations dictate global demand for temporary staffing services
- Tightening labor markets and wage inflation compress gross recruitment margins
- Shift toward high-margin permanent placement and RPO services drives earnings growth
- European labor law reforms increase operational costs and regulatory compliance risks
- Enterprise digitization and AI integration reduce back-office overhead and improve talent matching
| Net Income: 284.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA -0.15 > 1.0 |
| NWC/Revenue: 3.21% < 20% (prev 4.02%; Δ -0.81% < -1%) |
| CFO/TA 0.07 > 3% & CFO 695.0m > Net Income 284.0m |
| Net Debt (2.10b) to EBITDA (832.0m): 2.53 < 3 |
| Current Ratio: 1.14 > 1.5 & < 3 |
| Outstanding Shares: last quarter (176.0m) vs 12m ago 0.11% < -2% |
| Gross Margin: 18.40% > 18% (prev 0.19%; Δ 1.82k% > 0.5%) |
| Asset Turnover: 212.3% > 50% (prev 218.4%; Δ -6.10% > 0%) |
| Interest Coverage Ratio: 6.34 > 6 (EBITDA TTM 832.0m / Interest Expense TTM 80.0m) |
| A: 0.07 (Total Current Assets 5.88b - Total Current Liabilities 5.14b) / Total Assets 10.7b |
| B: 0.16 (Retained Earnings 1.68b / Total Assets 10.7b) |
| C: 0.05 (EBIT TTM 507.0m / Avg Total Assets 10.8b) |
| D: 0.21 (Book Value of Equity 1.41b / Total Liabilities 6.88b) |
| Altman-Z'' = 1.50 = BB |
| DSRI: 1.01 (Receivables 5.38b/5.54b, Revenue 22.9b/23.8b) |
| GMI: 1.05 (GM 18.40% / 19.27%) |
| AQI: 0.98 (AQ_t 0.40 / AQ_t-1 0.41) |
| SGI: 0.96 (Revenue 22.9b / 23.8b) |
| TATA: -0.04 (NI 284.0m - CFO 695.0m) / TA 10.7b) |
| Beneish M = -3.06 (Cap -4..+1) = AA |
As of May 30, 2026, the stock is trading at EUR 26.34 with a total of 6,695,063 shares traded.
Over the past week, the price has changed by +2.09%,
over one month by +5.74%,
over three months by +1.52% and
over the past year by -23.66%.
Randstad has no consensus analysts rating.
P/E Trailing = 16.8599
P/E Forward = 10.0604
P/S = 0.2014
P/B = 1.2023
P/EG = 0.9583
Revenue TTM = 22.9b EUR
EBIT TTM = 507.0m EUR
EBITDA TTM = 832.0m EUR
Long Term Debt = 1.24b EUR (from longTermDebt, last fiscal year)
Short Term Debt = 455.0m EUR (from shortTermDebt, last quarter)
Debt = 2.44b EUR (from shortLongTermDebtTotal, last quarter) + Leases 498.0m
Net Debt = 2.10b EUR (calculated: Debt 2.44b - CCE 337.0m)
Enterprise Value = 6.75b EUR (4.64b + Debt 2.44b - CCE 337.0m)
Interest Coverage Ratio = 6.34 (Ebit TTM 507.0m / Interest Expense TTM 80.0m)
EV/FCF = 10.85x (Enterprise Value 6.75b / FCF TTM 622.0m)
FCF Yield = 9.22% (FCF TTM 622.0m / Enterprise Value 6.75b)
FCF Margin = 2.71% (FCF TTM 622.0m / Revenue TTM 22.9b)
Net Margin = 1.24% (Net Income TTM 284.0m / Revenue TTM 22.9b)
Gross Margin = 18.40% ((Revenue TTM 22.9b - Cost of Revenue TTM 18.7b) / Revenue TTM)
Gross Margin QoQ = 18.48% (prev 18.36%)
Tobins Q-Ratio = 0.63 (Enterprise Value 6.75b / Total Assets 10.7b)
Interest Expense / Debt = 3.28% (Interest Expense 80.0m / Debt 2.44b)
Taxrate = 30.43% (28.0m / 92.0m)
NOPAT = 352.7m (EBIT 507.0m * (1 - 30.43%))
Current Ratio = 1.14 (Total Current Assets 5.88b / Total Current Liabilities 5.14b)
Debt / Equity = 0.64 (Debt 2.44b / totalStockholderEquity, last quarter 3.80b)
Debt / EBITDA = 2.53 (Net Debt 2.10b / EBITDA 832.0m)
Debt / FCF = 3.38 (Net Debt 2.10b / FCF TTM 622.0m)
Total Stockholder Equity = 3.88b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.63% (Net Income 284.0m / Total Assets 10.7b)
RoE = 7.32% (Net Income TTM 284.0m / Total Stockholder Equity 3.88b)
RoCE = 9.90% (EBIT 507.0m / Capital Employed (Equity 3.88b + L.T.Debt 1.24b))
RoIC = 5.91% (NOPAT 352.7m / Invested Capital 5.96b)
WACC = 5.59% (E(4.64b)/V(7.09b) * Re(7.33%) + D(2.44b)/V(7.09b) * Rd(3.28%) * (1-Tc(0.30)))
Discount Rate = 7.33% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 9.20 | Cagr: -0.33%
[DCF] Terminal Value 74.82% ; FCFF base≈633.6m ; Y1≈612.5m ; Y5≈601.4m
[DCF] Fair Price = 41.76 (EV 9.43b - Net Debt 2.10b = Equity 7.33b / Shares 175.4m; r=8.35% [WACC [floored]]; 5y FCF grow -4.45% → 2.50% )
EPS Correlation: -92.10 | EPS CAGR: -33.13% | SUE: 0.06 | # QB: 0
Revenue Correlation: -96.52 | Revenue CAGR: -5.34% | SUE: 1.43 | # QB: 1
EPS current Quarter (2026-06-30): EPS=0.62 | Chg30d=-3.70% | Revisions=+20% | Analysts=3
EPS next Quarter (2026-09-30): EPS=0.68 | Chg30d=-3.66% | Revisions=-20% | Analysts=3
EPS current Year (2026-12-31): EPS=2.58 | Chg30d=-2.30% | Revisions=-43% | GrowthEPS=+2.3% | GrowthRev=-0.1%
EPS next Year (2027-12-31): EPS=2.95 | Chg30d=-0.12% | Revisions=-23% | GrowthEPS=+14.3% | GrowthRev=+2.9%
[Analyst] Revisions Ratio: -43%