KELYA Stock Analysis: Kelly | NASDAQ

Temporary Staffing, Permanent Placement, Recruitment Outsourcing, Education Personnel

Total Rating 51

Safety 84

Buy Signal 0.68

Staffing & Employment Services
Industry Rotation: +5.0

Market Cap: 526M
Avg Turnover: 3.97M

Risk 3d forecast

Volatility42.6%

VaR 5^th Pctl7.12%

VaR vs Median1.31%

Reward TTM

Sharpe Ratio0.81

Rel. Str. IBD91.6

Rel. Str. Peer Group85.3 pctl

Character TTM

Beta0.469

Beta Downside0.478

Hurst Exponent0.613

Choppyness57.8%

Drawdowns 3y

Max DD66.50%

CAGR/Max DD-0.01

CAGR/Mean DD-0.02

EPS (Earnings per Share)

EPS CAGR: -26.39%
EPS Trend: -67.0%

Last SUE: 0.58
Qual. Beats: 0

Revenue

Rev. CAGR: -5.27%
Rev. Trend: -90.2%

Last SUE: 0.68
Qual. Beats: 0

Warnings

Interest Coverage Ratio Critical

Tailwinds

Rs Leader

Idiosyncratic Leader

Seasonality 11.7 years of data

Jan +3.6% 22

Feb +1.4% 17

Mar +0.4% 7

Apr -0.4% 10

May +5.2% 27

Jun +0.6% 10

Jul +4.3% 35

Aug -2.4% 5

Sep -3.5% 43

Oct -2.3% 30

Nov +0.4% 0

Dec +1.4% 29

How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.

Description: KELYA Kelly

Kelly Services, Inc. is a U.S.-based provider of workforce solutions operating across the Americas, Europe, Mexico, and the Asia-Pacific region. Founded in 1946 and headquartered in Troy, Michigan, the company has been listed on NASDAQ since 1990 and is classified in the Industrials sector under the Human Resource & Employment Services sub-industry. The staffing industry is highly cyclical, with demand typically tied to broader macroeconomic conditions and corporate hiring trends.

The company operates through three segments: Enterprise Talent Management, which delivers temporary staffing, outcome-based services, permanent placement, managed service provider (MSP), recruitment process outsourcing (RPO), payroll process outsourcing, and executive coaching through its RocketPower and Sevenstep brands; Science, Engineering & Technology, offering staffing and placement in science, clinical research, engineering, technology, and telecommunications specialties; and Education, which provides staffing, permanent placement, and executive search services to pre-K-12 school districts and other education organizations.

Kellys business model spans the full workforce solutions value chain, from high-volume clerical and light industrial placements to higher-margin specialty and outsourced talent management services. The diversification across industries and geographies helps balance exposure to varying employment cycles, while the inclusion of outcome-based and outsourcing arrangements shifts a portion of revenue toward more service-oriented, project-based engagements rather than purely transactional temporary staffing.

Headlines to Watch Out For

US labor market cooling pressures Enterprise Talent bill rates
Science Engineering Technology segment margins expand on specialty demand
Education segment revenue pressured by K-12 district budget cuts

Piotroski VR-10 (Strict) 1.0

Net Income: -273.4m TTM > 0 and > 6% of Revenue
FCF/TA: 0.01 > 0.02 and ΔFCF/TA -3.29 > 1.0
NWC/Revenue: 10.58% < 20% (prev 9.48%; Δ 1.10% < -1%)
CFO/TA 0.01 > 3% & CFO 27.1m > Net Income -273.4m
Net Debt/EBITDA: error (EBITDA <= 0)
Current Ratio: 1.50 > 1.5 & < 3
Outstanding Shares: last quarter (35.2m) vs 12m ago -1.40% < -2%
Gross Margin: 19.43% > 18% (prev 20.58%; Δ -1.15% > 0.5%)
Asset Turnover: 169.6% > 50% (prev 179.0%; Δ -9.43% > 0%)
Interest Coverage Ratio: -9.29 > 6 (EBIT TTM -83.6m / Interest Expense TTM 9.00m)

Altman Z'' 3.18

A: 0.19 (Total Current Assets 1.30b - Total Current Liabilities 866.6m) / Total Assets 2.28b
B: 0.42 (Retained Earnings 965.1m / Total Assets 2.28b)
C: -0.03 (EBIT TTM -83.6m / Avg Total Assets 2.40b)
D: 0.76 (Book Value of Equity 982.0m / Total Liabilities 1.30b)
Altman-Z'' = 3.18 = A

Beneish M -3.02

DSRI: 1.15 (Receivables 1.22b/1.18b, Revenue 4.06b/4.50b)
GMI: 1.06 (GM 20.58% / 19.43%)
AQI: 0.86 (AQ_t 0.41 / AQ_t-1 0.47)
SGI: 0.90 (Revenue 4.06b / 4.50b)
TATA: -0.13 (NI -273.4m - CFO 27.1m) / TA 2.28b)
Beneish M = -3.02 (Cap -4..+1) = AA

What is the price of KELYA shares?

As of October 22, 2026, the stock is trading at USD 16.39 with a total of 345,110 shares traded. Over the past week, the price has changed by +3.80%, over one month by +0.68%, over three months by +7.26% and over the past year by +33.11%.

Current recommended Stop Loss: 15.70 (which is 4.2% or 1.4 ATR below the current price).

Is KELYA a buy, sell or hold?

Kelly has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy KELYA.

StrongBuy: 1
Buy: 1
Hold: 1
Sell: 0
StrongSell: 0

What are the forecasts/targets for the KELYA price?

Analysts Target Price	20	22%

Kelly (KELYA) - Fundamental Data Overview as of 19 October 2026

Market Cap USD = 525.8m (525.8m USD * 1.0 USD.USD)
P/E Forward = 8.9127
P/S = 0.1294
P/B = 0.5892
P/EG = 0.6853
Revenue TTM = 4.06b USD
EBIT TTM = -83.6m USD
EBITDA TTM = -32.3m USD
Long Term Debt = 78.1m USD (from longTermDebt, last quarter)
Short Term Debt = 10.8m USD (from shortTermDebt, last quarter)
Debt = 179.3m USD (from shortLongTermDebtTotal, last quarter) + Leases 50.6m
Net Debt = 155.1m USD (calculated: Debt 179.3m - CCE 24.2m)
Enterprise Value = 680.9m USD (525.8m + Debt 179.3m - CCE 24.2m)
Interest Coverage Ratio = -9.29 (Ebit TTM -83.6m / Interest Expense TTM 9.00m)
EV/FCF = 33.22x (Enterprise Value 680.9m / FCF TTM 20.5m)
FCF Yield = 3.01% (FCF TTM 20.5m / Enterprise Value 680.9m)
FCF Margin = 0.50% (FCF TTM 20.5m / Revenue TTM 4.06b)
Net Margin = -6.73% (Net Income TTM -273.4m / Revenue TTM 4.06b)
Gross Margin = 19.43% ((Revenue TTM 4.06b - Cost of Revenue TTM 3.27b) / Revenue TTM)
Gross Margin QoQ = 20.42% (prev 17.92%)
Tobins Q-Ratio = 0.30 (Enterprise Value 680.9m / Total Assets 2.28b)
Interest Expense / Debt = 5.02% (Interest Expense 9.00m / Debt 179.3m)
Taxrate = 20.83% (3.00m / 14.4m)
NOPAT = -66.2m (EBIT -83.6m * (1 - 20.83%)) [loss with tax shield]
Current Ratio = 1.50 (Total Current Assets 1.30b / Total Current Liabilities 866.6m)
Debt / Equity = 0.18 (Debt 179.3m / totalStockholderEquity, last quarter 982.0m)
Debt / EBITDA = -4.80 (negative EBITDA) (Net Debt 155.1m / EBITDA -32.3m)
Debt / FCF = 7.57 (Net Debt 155.1m / FCF TTM 20.5m)
Total Stockholder Equity = 1.01b (last 4 quarters mean from totalStockholderEquity)
RoA = -11.41% (Net Income -273.4m / Total Assets 2.28b)
RoE = -27.06% (Net Income TTM -273.4m / Total Stockholder Equity 1.01b)
RoCE = -7.68% (EBIT -83.6m / Capital Employed (Equity 1.01b + L.T.Debt 78.1m))
RoIC = -4.73% (negative operating profit) (NOPAT -66.2m / Invested Capital 1.40b)
WACC = 6.39% (E(525.8m)/V(705.1m) * Re(7.22%) + D(179.3m)/V(705.1m) * Rd(5.02%) * (1-Tc(0.21)))
Discount Rate = 7.22% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -81.35 | Cagr: -0.75%
[DCF] Terminal Value 73.10% ; FCFF base≈54.3m ; Y1≈47.7m ; Y5≈38.5m
[DCF] Fair Price = 14.73 (EV 618.0m - Net Debt 155.1m = Equity 462.9m / Shares 31.4m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: -66.95 | EPS CAGR: -26.39% | SUE: 0.58 | # QB: 0
Revenue Correlation: -90.19 | Revenue CAGR: -5.27% | SUE: 0.68 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.07 | Chg30d=+0.00% | Revisions=-57% | Analysts=4
EPS current Year (2026-12-31): EPS=1.09 | Chg30d=+0.00% | Revisions=+29% | GrowthEPS=-13.1% | GrowthRev=-3.5%
EPS next Year (2027-12-31): EPS=1.82 | Chg30d=+0.00% | Revisions=+0% | GrowthEPS=+66.2% | GrowthRev=+3.7%
[Analyst] Revisions Ratio: -15% (up=4, down=6)