Adecco Group AG

LSE:0QNM Stock Report

Market Cap: CHF5.4b

Adecco Group Valuation

Is 0QNM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 0QNM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0QNM (CHF32.24) is trading below our estimate of fair value (CHF80.8)

Significantly Below Fair Value: 0QNM is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0QNM?

Other financial metrics that can be useful for relative valuation.

0QNM key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.4x
Enterprise Value/EBITDA9.3x
PEG Ratio0.7x

Price to Earnings Ratio vs Peers

How does 0QNM's PE Ratio compare to its peers?

The above table shows the PE ratio for 0QNM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average17.6x
HAS Hays
17.2x29.4%UK£1.4b
PAGE PageGroup
18.1x16.7%UK£1.4b
STEM SThree
10.2x7.5%UK£571.5m
IPEL Impellam Group
24.8xn/aUK£389.3m
0QNM Adecco Group
16.9x22.8%CHF5.4b

Price-To-Earnings vs Peers: 0QNM is good value based on its Price-To-Earnings Ratio (16.9x) compared to the peer average (17.6x).

Price to Earnings Ratio vs Industry

How does 0QNM's PE Ratio compare vs other companies in the GB Professional Services Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a12.3%
 n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a12.3%
 n/an/an/a
No more companies

Price-To-Earnings vs Industry: 0QNM is good value based on its Price-To-Earnings Ratio (16.9x) compared to the UK Professional Services industry average (19.2x).

Price to Earnings Ratio vs Fair Ratio

What is 0QNM's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

0QNM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.9x
Fair PE Ratio30.7x

Price-To-Earnings vs Fair Ratio: 0QNM is good value based on its Price-To-Earnings Ratio (16.9x) compared to the estimated Fair Price-To-Earnings Ratio (30.7x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 0QNM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF32.24
CHF38.67
+19.9%
14.3%CHF47.07CHF30.50n/a14
Apr ’25CHF35.63
CHF38.67
+8.5%
13.8%CHF46.83CHF30.31n/a13
Mar ’25CHF35.29
CHF39.49
+11.9%
12.0%CHF46.07CHF33.05n/a12
Feb ’25CHF37.45
CHF39.18
+4.6%
12.4%CHF45.36CHF31.60n/a13
Jan ’25CHF41.27
CHF39.86
-3.4%
11.7%CHF45.57CHF32.30n/a13
Dec ’24CHF41.99
CHF39.86
-5.1%
11.7%CHF45.57CHF32.30n/a13
Nov ’24CHF34.52
CHF38.26
+10.8%
12.3%CHF45.72CHF32.06n/a12
Oct ’24CHF37.76
CHF39.35
+4.2%
12.5%CHF46.58CHF29.77n/a12
Sep ’24CHF37.66
CHF38.71
+2.8%
13.8%CHF45.88CHF29.36n/a11
Aug ’24CHF35.41
CHF33.67
-4.9%
14.3%CHF43.05CHF28.50n/a12
Jul ’24CHF29.22
CHF34.26
+17.2%
14.9%CHF43.92CHF28.63n/a12
Jun ’24CHF27.44
CHF33.75
+23.0%
13.9%CHF43.71CHF28.17n/a11
May ’24CHF30.37
CHF34.19
+12.6%
13.6%CHF44.24CHF28.51CHF32.2411
Apr ’24CHF33.15
CHF37.34
+12.6%
29.2%CHF70.24CHF28.73CHF35.6312
Mar ’24CHF34.07
CHF37.43
+9.9%
29.6%CHF70.91CHF29.01CHF35.2912
Feb ’24CHF34.53
CHF37.73
+9.3%
30.5%CHF71.02CHF27.85CHF37.4512
Jan ’24CHF30.41
CHF39.09
+28.6%
28.3%CHF70.31CHF28.07CHF41.2711
Dec ’23CHF32.33
CHF38.61
+19.4%
28.8%CHF69.80CHF27.91CHF41.9911
Nov ’23CHF30.97
CHF39.89
+28.8%
28.8%CHF70.57CHF28.40CHF34.5212
Oct ’23CHF27.41
CHF41.26
+50.5%
26.8%CHF65.95CHF29.93CHF37.7614
Sep ’23CHF29.87
CHF41.68
+39.5%
26.0%CHF66.33CHF29.52CHF37.6614
Aug ’23CHF33.23
CHF45.21
+36.1%
26.4%CHF67.11CHF31.43CHF35.4115
Jul ’23CHF32.69
CHF49.40
+51.1%
25.4%CHF69.70CHF33.81CHF29.2215
Jun ’23CHF37.12
CHF51.88
+39.8%
21.8%CHF70.81CHF34.40CHF27.4416
May ’23CHF38.16
CHF54.10
+41.8%
20.3%CHF71.53CHF37.05CHF30.3716

Analyst Forecast: Target price is less than 20% higher than the current share price.

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