ADEN Stock Analysis: Adecco N | SW
Staffing & Employment Services | SW, Switzerland | Market Cap: 3.636m CHF | 12M Return: 3.6% | CH0012138605 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 15.2M
EPS Trend: -88.5%
Qual. Beats: 3
Rev. Trend: -78.9%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
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.
Adecco Group AG (SW: ADEN) is a Switzerland-based provider of human resource services operating across Europe, North America, Asia Pacific, South America, and North Africa. The company offers a broad portfolio including flexible and permanent placement, career transition and mobility, outsourcing, engineering consulting, digital and IT staffing, talent advisory, and training/up-skilling services. It operates under multiple well-known brands such as Adecco, Akkodis, LHH, General Assembly, Pontoon, and Spring, among others. Founded in 1957 and headquartered in Zurich, the company was formerly known as Adecco S.A.
The company sits within the Human Resource & Employment Services sub-industry of the broader Industrials sector. The staffing industry is typically cyclical, closely tied to labor market conditions and corporate hiring demand, while the growing focus on workforce up-skilling, re-skilling, and digital/IT consulting reflects structural shifts toward flexible employment models and ongoing talent shortages in technical fields.
- European staffing volumes decline on weak labor demand
- Akkodis IT consulting segment drives margin expansion
- LHH career transition revenue grows on corporate restructuring wave
| Net Income: 292.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA -0.41 > 1.0 |
| NWC/Revenue: 3.23% < 20% (prev 0.70%; Δ 2.52% < -1%) |
| CFO/TA 0.04 > 3% & CFO 524.6m > Net Income 292.5m |
| Net Debt (3.54b) to EBITDA (765.7m): 4.63 < 3 |
| Current Ratio: 1.15 > 1.5 & < 3 |
| Outstanding Shares: last quarter (167.1m) vs 12m ago -0.49% < -2% |
| Gross Margin: 18.71% > 18% (prev 19.23%; Δ -0.52% > 0.5%) |
| Asset Turnover: 192.1% > 50% (prev 193.5%; Δ -1.37% > 0%) |
| Interest Coverage Ratio: 7.86 > 6 (EBIT TTM 549.1m / Interest Expense TTM 69.9m) |
| A: 0.06 (Total Current Assets 5.71b - Total Current Liabilities 4.95b) / Total Assets 12.5b |
| B: 0.27 (Retained Earnings 3.33b / Total Assets 12.5b) |
| C: 0.05 (EBIT TTM 549.1m / Avg Total Assets 12.2b) |
| D: 0.39 (Book Value of Equity 3.51b / Total Liabilities 8.94b) |
| Altman-Z'' = 1.98 = BBB |
| DSRI: 1.06 (Receivables 4.61b/4.28b, Revenue 23.3b/22.9b) |
| GMI: 1.03 (GM 19.23% / 18.71%) |
| AQI: 0.96 (AQ_t 0.47 / AQ_t-1 0.49) |
| SGI: 1.02 (Revenue 23.3b / 22.9b) |
| TATA: -0.02 (NI 292.5m - CFO 524.6m) / TA 12.5b) |
| Beneish M = -2.96 (Cap -4..+1) = A |
As of October 22, 2026, the stock is trading at CHF 23.04 with a total of 1,289,902 shares traded. Over the past week, the price has changed by +8.78%, over one month by -4.71%, over three months by +14.29% and over the past year by +3.58%.
Current recommended Stop Loss: 21.10 (which is 8.4% or 2.3 ATR below the current price).
Adecco N has no consensus analysts rating.
Market Cap EUR = 3.92b (3.64b CHF * 1.0789999961853 CHF.EUR)
P/E Trailing = 13.195
P/E Forward = 9.8328
P/S = 0.1555
P/B = 1.3011
P/EG = 0.7863
Revenue TTM = 23.3b EUR
EBIT TTM = 549.1m EUR
EBITDA TTM = 765.7m EUR
Long Term Debt = 3.01b EUR (from longTermDebt, last quarter)
Short Term Debt = 311.0m EUR (from shortTermDebt, last quarter)
Debt = 4.09b EUR (from shortLongTermDebtTotal, last quarter) + Leases 471.0m
Net Debt = 3.54b EUR (calculated: Debt 4.09b - CCE 551.7m)
Enterprise Value = 7.47b EUR (3.92b + Debt 4.09b - CCE 551.7m)
Interest Coverage Ratio = 7.86 (Ebit TTM 549.1m / Interest Expense TTM 69.9m)
EV/FCF = 19.36x (Enterprise Value 7.47b / FCF TTM 385.6m)
FCF Yield = 5.17% (FCF TTM 385.6m / Enterprise Value 7.47b)
FCF Margin = 1.65% (FCF TTM 385.6m / Revenue TTM 23.3b)
Net Margin = 1.25% (Net Income TTM 292.5m / Revenue TTM 23.3b)
Gross Margin = 18.71% ((Revenue TTM 23.3b - Cost of Revenue TTM 19.0b) / Revenue TTM)
Gross Margin QoQ = 18.23% (prev 18.54%)
Tobins Q-Ratio = 0.60 (Enterprise Value 7.47b / Total Assets 12.5b)
Interest Expense / Debt = 1.71% (Interest Expense 69.9m / Debt 4.09b)
Taxrate = 33.93% (149.7m / 441.2m)
NOPAT = 362.8m (EBIT 549.1m * (1 - 33.93%))
Current Ratio = 1.15 (Total Current Assets 5.71b / Total Current Liabilities 4.95b)
Debt / Equity = 1.17 (Debt 4.09b / totalStockholderEquity, last quarter 3.51b)
Debt / EBITDA = 4.63 (Net Debt 3.54b / EBITDA 765.7m)
Debt / FCF = 9.19 (Net Debt 3.54b / FCF TTM 385.6m)
Total Stockholder Equity = 3.42b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.41% (Net Income 292.5m / Total Assets 12.5b)
RoE = 8.54% (Net Income TTM 292.5m / Total Stockholder Equity 3.42b)
RoCE = 8.53% (EBIT 549.1m / Capital Employed (Equity 3.42b + L.T.Debt 3.01b))
RoIC = 4.99% (NOPAT 362.8m / Invested Capital 7.26b)
WACC = 3.58% (E(3.92b)/V(8.02b) * Re(6.14%) + D(4.09b)/V(8.02b) * Rd(1.71%) * (1-Tc(0.34)))
Discount Rate = 6.14% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -3.87 | Cagr: -0.29%
[DCF] Terminal Value 74.42% ; FCFF base≈397.4m ; Y1≈375.3m ; Y5≈351.8m
[DCF] Fair Price = 11.56 (EV 5.55b - Net Debt 3.54b = Equity 2.00b / Shares 173.3m; r=8.35% [WACC [floored]]; 5y FCF grow -7.08% → 2.50% )
EPS Correlation: -88.48 | EPS CAGR: -10.11% | SUE: 2.75 | # QB: 3
Revenue Correlation: -78.91 | Revenue CAGR: -1.47% | SUE: -0.03 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.67 | Chg30d=-0.49% | Revisions=-25% | Analysts=3
EPS current Year (2026-12-31): EPS=2.44 | Chg30d=+0.23% | Revisions=+0% | GrowthEPS=+2.9% | GrowthRev=+3.1%
EPS next Year (2027-12-31): EPS=2.68 | Chg30d=-1.55% | Revisions=+12% | GrowthEPS=+9.8% | GrowthRev=+2.9%
[Analyst] Revisions Ratio: +0% (up=5, down=5)