Dutch (AEX) Professional Services Industry Analysis

Industry Valuation and Performance

Has the Dutch Professional Services Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Sat, 31 Aug 2024	€50.9b	€36.7b	€1.7b	15.7x	29.3x	1.4x
Mon, 29 Jul 2024	€51.8b	€36.5b	€1.7b	16.5x	30.4x	1.4x
Wed, 26 Jun 2024	€50.6b	€36.9b	€1.7b	16.3x	29.4x	1.4x
Fri, 24 May 2024	€50.9b	€36.9b	€1.7b	17.4x	29.5x	1.4x
Sun, 21 Apr 2024	€48.2b	€37.4b	€1.8b	15.9x	27x	1.3x
Tue, 19 Mar 2024	€49.4b	€37.4b	€1.8b	15.9x	27.6x	1.3x
Thu, 15 Feb 2024	€48.8b	€37.8b	€1.9b	13.6x	25.1x	1.3x
Sat, 13 Jan 2024	€51.9b	€40.6b	€2.1b	19.9x	24.5x	1.3x
Mon, 11 Dec 2023	€51.2b	€40.6b	€2.1b	19.9x	24.2x	1.3x
Wed, 08 Nov 2023	€46.8b	€40.6b	€2.1b	20.3x	22.2x	1.2x
Fri, 06 Oct 2023	€46.8b	€41.3b	€2.2b	20.1x	21.5x	1.1x
Sun, 03 Sep 2023	€46.6b	€41.3b	€2.2b	20x	21.4x	1.1x
Tue, 01 Aug 2023	€46.7b	€41.1b	€2.2b	17.2x	21.5x	1.1x
Thu, 29 Jun 2023	€45.7b	€40.8b	€2.2b	20.1x	20.5x	1.1x
Sat, 27 May 2023	€43.9b	€40.8b	€2.2b	20.7x	19.7x	1.1x
Mon, 24 Apr 2023	€47.4b	€40.9b	€2.3b	24.9x	20.8x	1.2x
Wed, 22 Mar 2023	€46.8b	€40.9b	€2.3b	24.9x	20.5x	1.1x
Fri, 17 Feb 2023	€43.1b	€37.9b	€1.9b	26.7x	22.1x	1.1x
Sun, 15 Jan 2023	€41.3b	€37.6b	€1.9b	25.1x	21.8x	1.1x
Tue, 13 Dec 2022	€38.8b	€34.0b	€1.7b	31.7x	22.6x	1.1x
Thu, 10 Nov 2022	€38.4b	€34.0b	€1.7b	18.9x	22.4x	1.1x
Sat, 08 Oct 2022	€35.2b	€33.3b	€1.7b	16.4x	20.9x	1.1x
Mon, 05 Sep 2022	€35.9b	€33.3b	€1.7b	17.9x	21.3x	1.1x
Wed, 03 Aug 2022	€38.1b	€32.9b	€1.6b	19.8x	23.9x	1.2x
Fri, 01 Jul 2022	€34.4b	€32.0b	€1.6b	16.9x	21.7x	1.1x
Sun, 29 May 2022	€35.9b	€32.0b	€1.6b	17.4x	22.5x	1.1x
Tue, 26 Apr 2022	€36.6b	€30.9b	€1.6b	17.8x	23.4x	1.2x
Thu, 24 Mar 2022	€37.6b	€31.0b	€1.6b	16x	23.9x	1.2x
Sat, 19 Feb 2022	€37.0b	€30.8b	€1.5b	21x	24x	1.2x
Mon, 17 Jan 2022	€37.9b	€29.7b	€1.5b	19.7x	25.2x	1.3x
Wed, 15 Dec 2021	€39.3b	€29.7b	€1.5b	18.7x	26.1x	1.3x
Fri, 12 Nov 2021	€37.8b	€29.7b	€1.5b	17.6x	25.1x	1.3x
Sun, 10 Oct 2021	€36.8b	€28.6b	€1.4b	18.8x	26x	1.3x
Tue, 07 Sep 2021	€38.8b	€28.6b	€1.4b	20.7x	27.4x	1.4x

Current Industry PE

Investors are optimistic on the Dutch Professional Services industry, and appear confident in long term growth rates.

The industry is trading at a PE ratio of 29.3x which is higher than its 3-year average PE of 23.8x.

The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.4x.

Past Earnings Growth

The earnings for companies in the Professional Services industry have grown 7.1% per year over the last three years.
Revenues for these companies have grown 8.7% per year.
This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Dutch Industrials industry?


NL Market	0.75%
Industrials	1.76%
Professional Services	2.01%
Research and Consulting Services	2.30%
HR Services	0.49%

Industry PE

Investors are most optimistic about the Research and Consulting Services industry, which is trading close to its 3-year average PE ratio of 32.9x.

Analysts are expecting annual earnings growth of 8.9%, which is lower than the prior year's growth of 38.2% per year.

Investors are most pessimistic about the HR Services industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 13.0x.

Forecasted Growth

Analysts are most optimistic on the HR Services industry, expecting annual earnings growth of 18% over the next 5 years.
This is better than its past earnings decline of 22% per year.

In contrast, the Research and Consulting Services industry is expected to see its earnings grow by 8.9% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company	Last Price	7D	1Y	Valuation
WKL Wolters Kluwer	€154.15	2.2% +€783.4m	37.6%	PE35.3x
ARCAD Arcadis	€66.30	3.6% +€207.5m	53.7%	PE29.5x
RAND Randstad	€43.55	0.4% +€29.8m	-19.2%	PE15.6x
BRNL Brunel International	€9.57	2.4% +€11.1m	-22.8%	PE15.7x