Market Cap
UK£1.8b
Last Updated
2020/10/30 21:28 UTC
Data Sources
Company Financials +
Executive Summary
Hays plc operates as a recruitment company in Australia, New Zealand, Germany, the United Kingdom, Ireland, and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with moderate growth potential.
Similar Companies
Share Price & News
How has Hays's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HAS has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-6.2%
HAS
-5.5%
GB Professional Services
-5.1%
GB Market
1 Year Return
-33.3%
HAS
-4.8%
GB Professional Services
-20.0%
GB Market
Return vs Industry: HAS underperformed the UK Professional Services industry which returned -4% over the past year.
Return vs Market: HAS underperformed the UK Market which returned -19.3% over the past year.
Shareholder returns
| HAS | Industry | Market | |
|---|---|---|---|
| 7 Day | -6.2% | -5.5% | -5.1% |
| 30 Day | -5.5% | -7.6% | -4.3% |
| 90 Day | -2.0% | -0.1% | -4.5% |
| 1 Year | -33.3%-33.3% | -3.0%-4.8% | -17.0%-20.0% |
| 3 Year | -36.5%-43.1% | 15.2%7.7% | -13.6%-24.3% |
| 5 Year | -12.1%-26.0% | 83.4%63.0% | 10.2%-14.6% |
Price Volatility Vs. Market
How volatile is Hays's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall St
Why Hays' (LON:HAS) CEO Pay Matters2 weeks ago | Simply Wall St
How Much Are Hays plc (LON:HAS) Insiders Spending On Buying Shares?4 weeks ago | Simply Wall St
The Returns At Hays (LON:HAS) Provide Us With Signs Of What's To ComeValuation
Is Hays undervalued compared to its fair value and its price relative to the market?
34.05x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: HAS (£1.07) is trading above our estimate of fair value (£0.49)
Significantly Below Fair Value: HAS is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: HAS is poor value based on its PE Ratio (34.1x) compared to the GB Professional Services industry average (23.7x).
PE vs Market: HAS is poor value based on its PE Ratio (34.1x) compared to the UK market (17.8x).
Price to Earnings Growth Ratio
PEG Ratio: HAS is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: HAS is good value based on its PB Ratio (2.1x) compared to the GB Professional Services industry average (2.2x).
Next Steps
Future Growth
How is Hays forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
36.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HAS's forecast earnings growth (36.4% per year) is above the savings rate (1.2%).
Earnings vs Market: HAS's earnings (36.4% per year) are forecast to grow faster than the UK market (23.8% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: HAS's revenue (1.3% per year) is forecast to grow slower than the UK market (5.8% per year).
High Growth Revenue: HAS's revenue (1.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HAS's Return on Equity is forecast to be low in 3 years time (12.4%).
Next Steps
Past Performance
How has Hays performed over the past 5 years?
2.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HAS has a large one-off loss of £39.9M impacting its June 30 2020 financial results.
Growing Profit Margin: HAS's current net profit margins (0.8%) are lower than last year (2.7%).
Past Earnings Growth Analysis
Earnings Trend: HAS's earnings have grown by 2.1% per year over the past 5 years.
Accelerating Growth: HAS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: HAS had negative earnings growth (-70.6%) over the past year, making it difficult to compare to the Professional Services industry average (-16.3%).
Return on Equity
High ROE: HAS's Return on Equity (5.6%) is considered low.
Next Steps
Financial Health
How is Hays's financial position?
Financial Position Analysis
Short Term Liabilities: HAS's short term assets (£1.4B) exceed its short term liabilities (£884.9M).
Long Term Liabilities: HAS's short term assets (£1.4B) exceed its long term liabilities (£201.6M).
Debt to Equity History and Analysis
Debt Level: HAS is debt free.
Reducing Debt: HAS has no debt compared to 5 years ago when its debt to equity ratio was 37.4%.
Debt Coverage: HAS has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: HAS has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Hays's current dividend yield, its reliability and sustainability?
2.52%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate HAS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate HAS's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if HAS's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if HAS's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: HAS is not paying a notable dividend for the UK market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of HAS's dividend in 3 years as they are not forecast to pay a notable one for the UK market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
10.5yrs
Average management tenure
CEO
Alistair Cox (59 yo)
12.92yrs
Tenure
UK£1,397,000
Compensation
Mr. Alistair Richard Cox has been the Chief Executive Officer of Hays plc since November 2007 and also has been its Executive Director since September 1, 2007. Mr. Cox served as the President of Lafarge Ma ...
CEO Compensation Analysis
Compensation vs Market: Alistair's total compensation ($USD1.81M) is about average for companies of similar size in the UK market ($USD1.72M).
Compensation vs Earnings: Alistair's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 12.92yrs | UK£1.40m | 0.24% £ 4.3m | |
| Group Finance Director & Executive Director | 14.42yrs | UK£1.01m | 0.087% £ 1.6m | |
| Chief Technology Officer | no data | no data | no data | |
| Head of Investor Relations | no data | no data | no data | |
| Company Secretary & General Counsel | 7.58yrs | no data | no data | |
| Chief Marketing Officer | 12.5yrs | no data | no data | |
| Group Head of People and Culture | no data | no data | no data | |
| Managing Director of France & Benelux | no data | no data | no data | |
| Managing Director of Continental Europe & Rest of World | no data | no data | no data | |
| Managing Director of West & Wales | 6.92yrs | no data | no data | |
| Uk & Ireland Managing Director and Chairman of the Asia Pacific Business | 8.5yrs | no data | no data | |
| Managing Director of Asia | no data | no data | no data |
10.5yrs
Average Tenure
59yo
Average Age
Experienced Management: HAS's management team is seasoned and experienced (10.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 12.92yrs | UK£1.40m | 0.24% £ 4.3m | |
| Group Finance Director & Executive Director | 14.42yrs | UK£1.01m | 0.087% £ 1.6m | |
| Independent Non-Executive Director | 7.33yrs | UK£57.00k | no data | |
| Independent Non-Executive Director | 3.25yrs | UK£69.00k | 0.00024% £ 4.3k | |
| Non-Executive Director | 1.58yrs | UK£69.00k | 0.0029% £ 52.2k | |
| Independent Non-Executive Chairman | 2.25yrs | UK£219.00k | 0.011% £ 202.9k | |
| Senior Independent Director | 1.58yrs | UK£80.00k | 0.0028% £ 50.0k | |
| Independent Non-Executive Director | 1.33yrs | UK£57.00k | no data |
2.8yrs
Average Tenure
59.5yo
Average Age
Experienced Board: HAS's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 14.4%.
Top Shareholders
Company Information
Hays plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Hays plc
- Ticker: HAS
- Exchange: LSE
- Founded: 1968
- Industry: Human Resource and Employment Services
- Sector: Commercial Services
- Market Cap: UK£1.792b
- Shares outstanding: 1.68b
- Website: https://www.haysplc.com
Number of Employees
Location
- Hays plc
- 20 Triton Street
- London
- Greater London
- NW1 3BF
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| HAYP.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jan 1992 |
| HAS | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | Jan 1992 |
| HAY | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jan 1992 |
| HASL | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | GBP | Jan 1992 |
| HAYP.Y | OTCPK (Pink Sheets LLC) | UNSPONSORD ADR | US | USD | Feb 2010 |
Biography
Hays plc operates as a recruitment company in Australia, New Zealand, Germany, the United Kingdom, Ireland, and internationally. The company offers permanent, temporary, and contractor recruitment services ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/30 21:28 |
| End of Day Share Price | 2020/10/30 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2020/06/30 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.