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HAS

HaysLSE:HAS Stock Report

Last Price

UK£1.54

Market Cap

UK£2.6b

7D

1.1%

1Y

6.4%

Updated

19 Jan, 2022

Data

Company Financials +
HAS fundamental analysis
Snowflake Score
Valuation2/6
Future Growth5/6
Past Performance4/6
Financial Health6/6
Dividends0/6

HAS Stock Overview

Hays plc operates as a recruitment company in Australia, New Zealand, Germany, the United Kingdom, Ireland, and internationally.

Hays Competitors

PageGroup

LSE:PAGE

UK£1.9b

Robert Walters

LSE:RWA

UK£584.7m

SThree

LSE:STEM

UK£564.9m

Impellam Group

AIM:IPEL

UK£234.5m

Price History & Performance

Summary of all time highs, changes and price drops for Hays
Historical stock prices
Current Share PriceUK£1.54
52 Week HighUK£1.81
52 Week LowUK£1.35
Beta1.31
1 Month Change10.35%
3 Month Change-5.48%
1 Year Change6.38%
3 Year Change2.40%
5 Year Change-1.48%
Change since IPO265.48%

Recent News & Updates

Dec 26
Hays plc (LON:HAS) Shares Could Be 50% Below Their Intrinsic Value Estimate

Hays plc (LON:HAS) Shares Could Be 50% Below Their Intrinsic Value Estimate

Does the December share price for Hays plc ( LON:HAS ) reflect what it's really worth? Today, we will estimate the...

Nov 18
Is It Time To Consider Buying Hays plc (LON:HAS)?

Is It Time To Consider Buying Hays plc (LON:HAS)?

Hays plc ( LON:HAS ), might not be a large cap stock, but it received a lot of attention from a substantial price...

Nov 04
Here's Why We Think Hays plc's (LON:HAS) CEO Compensation Looks Fair

Here's Why We Think Hays plc's (LON:HAS) CEO Compensation Looks Fair

The performance at Hays plc ( LON:HAS ) has been rather lacklustre of late and shareholders may be wondering what CEO...

Oct 28
Hays (LON:HAS) Is Reinvesting At Lower Rates Of Return

Hays (LON:HAS) Is Reinvesting At Lower Rates Of Return

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Ideally, a business will...

Shareholder Returns

HASGB Professional ServicesGB Market
7D1.1%-2.2%-1.0%
1Y6.4%16.8%8.3%

Return vs Industry: HAS underperformed the UK Professional Services industry which returned 16.8% over the past year.

Return vs Market: HAS underperformed the UK Market which returned 8.3% over the past year.

Price Volatility

Is HAS's price volatile compared to industry and market?
HAS volatility
HAS Average Weekly Movement3.8%
Professional Services Industry Average Movement4.2%
Market Average Movement5.0%
10% most volatile stocks in GB Market10.6%
10% least volatile stocks in GB Market2.5%

Stable Share Price: HAS is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: HAS's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
196810,778Alistair Coxhttps://www.haysplc.com

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, such as qualified, professional, and skilled recruitment to public and private sectors. It also specializes in offering recruitment services in the areas of accountancy and finance, construction and property, technology, life sciences, sales and marketing, banking and capital markets, contact centers, education, engineering and manufacturing, executive, financial services, health and social care, human resources, legal, office support, energy, oil and gas, procurement, retail, resources and mining, and telecoms.

Hays Fundamentals Summary

How do Hays's earnings and revenue compare to its market cap?
HAS fundamental statistics
Market CapUK£2.57b
Earnings (TTM)UK£61.50m
Revenue (TTM)UK£5.65b

41.7x

P/E Ratio

0.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HAS income statement (TTM)
RevenueUK£5.65b
Cost of RevenueUK£5.36b
Gross ProfitUK£292.30m
ExpensesUK£230.80m
EarningsUK£61.50m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Feb 24, 2022

Earnings per share (EPS)0.037
Gross Margin5.17%
Net Profit Margin1.09%
Debt/Equity Ratio0%

How did HAS perform over the long term?

See historical performance and comparison

Dividends

0.8%

Current Dividend Yield

33%

Payout Ratio

Valuation

Is Hays undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: HAS (£1.54) is trading below our estimate of fair value (£3.26)

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


Price To Earnings Ratio

PE vs Industry: HAS is poor value based on its PE Ratio (41.7x) compared to the UK Professional Services industry average (33.9x).

PE vs Market: HAS is poor value based on its PE Ratio (41.7x) compared to the UK market (19.1x).


Price to Earnings Growth Ratio

PEG Ratio: HAS is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: HAS's PB Ratio (2.9x) is in line with the GB Professional Services industry average.


Future Growth

How is Hays forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

31.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HAS's forecast earnings growth (31.7% per year) is above the savings rate (0.9%).

Earnings vs Market: HAS's earnings (31.7% per year) are forecast to grow faster than the UK market (12.1% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: HAS's revenue (10.4% per year) is forecast to grow faster than the UK market (4.8% per year).

High Growth Revenue: HAS's revenue (10.4% 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 high in 3 years time (20.9%)


Past Performance

How has Hays performed over the past 5 years?

-19.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HAS has high quality earnings.

Growing Profit Margin: HAS's current net profit margins (1.1%) are higher than last year (0.8%).


Past Earnings Growth Analysis

Earnings Trend: HAS's earnings have declined by 19.4% per year over the past 5 years.

Accelerating Growth: HAS's earnings growth over the past year (29.5%) exceeds its 5-year average (-19.4% per year).

Earnings vs Industry: HAS earnings growth over the past year (29.5%) exceeded the Professional Services industry 5.2%.


Return on Equity

High ROE: HAS's Return on Equity (7.1%) is considered low.


Financial Health

How is Hays's financial position?


Financial Position Analysis

Short Term Liabilities: HAS's short term assets (£1.3B) exceed its short term liabilities (£823.0M).

Long Term Liabilities: HAS's short term assets (£1.3B) exceed its long term liabilities (£178.7M).


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 5.8%.

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


Dividend

What is Hays's current dividend yield, its reliability and sustainability?

0.79%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: HAS's dividend (0.79%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.41%).

High Dividend: HAS's dividend (0.79%) is low compared to the top 25% of dividend payers in the UK market (4.06%).


Stability and Growth of Payments

Stable Dividend: HAS is not paying a notable dividend for the UK market, therefore no need to check if payments are stable.

Growing Dividend: HAS is not paying a notable dividend for the UK market, therefore no need to check if payments are 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?

9.8yrs

Average management tenure


CEO

Alistair Cox (60 yo)

14.17yrs

Tenure

UK£2,586,000

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 has been the CEO of Hays Recruitment...


CEO Compensation Analysis

Compensation vs Market: Alistair's total compensation ($USD3.52M) is above average for companies of similar size in the UK market ($USD1.80M).

Compensation vs Earnings: Alistair's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: HAS's management team is seasoned and experienced (9.8 years average tenure).


Board Members

Experienced Board: HAS's board of directors are considered experienced (6.1 years average tenure).


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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Hays plc's 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
  • Implied Market Cap: UK£2.566b
  • Shares outstanding: 1.67b
  • Website: https://www.haysplc.com

Number of Employees


Location

  • Hays plc
  • 20 Triton Street
  • 4th Floor
  • London
  • Greater London
  • NW1 3BF
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/19 21:07
End of Day Share Price2022/01/19 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.