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Hays plcLSE:HAS Stock Report

Market Cap UK£534.0m
Share Price
UK£0.33
UK£0.52
35.9% undervalued intrinsic discount
1Y-54.3%
7D3.3%
Portfolio Value
View

Hays plc

LSE:HAS Stock Report

Market Cap: UK£534.0m

Hays (HAS) Stock Overview

Engages in the provision of professional and skilled recruitment services in Germany, the United Kingdom, Ireland, Australia, New Zealand, and internationally. More details

HAS fundamental analysis
Snowflake Score
Valuation3/6
Future Growth3/6
Past Performance0/6
Financial Health5/6
Dividends0/6

Rewards

Risk Analysis

No risks detected for HAS from our risk checks.

HAS Community Fair Values

Create Narrative

See what 15 others think this stock is worth. Follow their fair value or set your own to get alerts.

Hays plc Competitors

Price History & Performance

Summary of share price highs, lows and changes for Hays
Historical stock prices
Current Share PriceUK£0.33
52 Week HighUK£0.78
52 Week LowUK£0.29
Beta0.82
1 Month Change0.24%
3 Month Change-29.60%
1 Year Change-54.28%
3 Year Change-70.18%
5 Year Change-79.46%
Change since IPO-20.48%

Recent News & Updates

HAS: Trimmed Expectations And Leadership Transition Will Underpin Future Earnings Recovery

Analysts have trimmed their price targets on Hays, including a £0.05 reduction reported in recent Street research. This reflects updated views on fair value, discount rate, revenue growth, profit margins and future P/E assumptions.

HAS: Lowered Street Expectations Will Set Up Future Earnings Recovery

Analysts have trimmed their average price targets on Hays to around £0.60. This reflects slightly higher discount rate assumptions, softer revenue expectations, modestly lower profit margin forecasts and a marginally higher future P/E, in line with recent downward revisions and rating changes across the Street.

HAS: Cyclical And Structural Pressures Will Set Up Future Earnings Recovery

Narrative update on Hays Analysts have cut Hays’ average price target by around £0.04. This reflects recent reductions in formal targets from firms such as Morgan Stanley, RBC Capital and Jefferies as they factor in tougher cyclical and structural conditions and a slightly higher assumed P/E multiple.

HAS: Lowered Expectations Will Support Future Earnings Rebound As Cyclical Pressures Ease

Narrative update on Hays The analyst price target for Hays has moved lower, with recent cuts of £0.06 and £0.10 and a reset to £0.44, as analysts factor in higher required returns, weaker revenue expectations, a different earnings path and a lower assumed future P/E of about 12x for the sector. Analyst Commentary Recent research on Hays has turned more cautious, with multiple firms trimming price targets and one moving to a more negative rating while setting a £0.44 target.

Recent updates

HAS: Trimmed Expectations And Leadership Transition Will Underpin Future Earnings Recovery

Analysts have trimmed their price targets on Hays, including a £0.05 reduction reported in recent Street research. This reflects updated views on fair value, discount rate, revenue growth, profit margins and future P/E assumptions.

HAS: Lowered Street Expectations Will Set Up Future Earnings Recovery

Analysts have trimmed their average price targets on Hays to around £0.60. This reflects slightly higher discount rate assumptions, softer revenue expectations, modestly lower profit margin forecasts and a marginally higher future P/E, in line with recent downward revisions and rating changes across the Street.

HAS: Cyclical And Structural Pressures Will Set Up Future Earnings Recovery

Narrative update on Hays Analysts have cut Hays’ average price target by around £0.04. This reflects recent reductions in formal targets from firms such as Morgan Stanley, RBC Capital and Jefferies as they factor in tougher cyclical and structural conditions and a slightly higher assumed P/E multiple.

HAS: Lowered Expectations Will Support Future Earnings Rebound As Cyclical Pressures Ease

Narrative update on Hays The analyst price target for Hays has moved lower, with recent cuts of £0.06 and £0.10 and a reset to £0.44, as analysts factor in higher required returns, weaker revenue expectations, a different earnings path and a lower assumed future P/E of about 12x for the sector. Analyst Commentary Recent research on Hays has turned more cautious, with multiple firms trimming price targets and one moving to a more negative rating while setting a £0.44 target.

HAS: Lowered Expectations Will Support Future Rebound As Cyclical Pressures Ease

Narrative Update The analyst price target for Hays has been cut, with recent moves including reductions such as £0.06 and £0.10 alongside a downgrade to Underperform. Analysts point to ongoing cyclical headwinds combined with structural challenges that they state are expected to keep earnings subdued for longer.

These Return Metrics Don't Make Hays (LON:HAS) Look Too Strong

Feb 11
These Return Metrics Don't Make Hays (LON:HAS) Look Too Strong

HAS: Higher Future P/E Assumptions Will Offset Sector Headwinds

Analysts have trimmed their price targets for Hays by £0.06 to reflect slightly higher discount rate assumptions and ongoing sector headwinds highlighted in recent research, including multiple target cuts and a downgrade to Underperform. Analyst Commentary Recent research on Hays has tilted clearly cautious, with several firms trimming price targets and one moving to an Underperform rating, all pointing to a tougher backdrop for the European Business and Employment Services sector.

HAS: Higher Future P/E Assumptions Will Support Shares Despite Earnings Headwinds

Analysts have trimmed their price targets for Hays by about 6 to 17 GBp, pointing to weaker revenue growth expectations, slightly lower profit margin assumptions and a higher future P/E multiple as key drivers of the change in fair value. Analyst Commentary Recent research updates on Hays point to a more cautious tone, with several firms cutting price targets and, in one case, moving to a more negative rating.

HAS: Share Buyback And CEO Return Will Support Shares Despite Cautious Views

Analysts have trimmed their average price target for Hays to £0.44 from £0.61, reflecting concerns that cyclical headwinds and structural challenges could keep earnings subdued for longer, even though some still see limited upside with a £0.55 target. Analyst Commentary Recent research on Hays points to a mixed backdrop, with some analysts focusing on valuation support and others highlighting ongoing cyclical and structural pressures that could weigh on execution and earnings visibility.

HAS: Higher Price View And Buyback Will Support Shares Despite Cautious Rating

Analysts have modestly raised their price target on Hays to 55 GBp from 52 GBp, reflecting a slightly more constructive view on the company while still remaining cautious overall. Analyst Commentary Analysts describe the latest target increase as a measured adjustment that acknowledges incremental improvements while still highlighting lingering concerns about the company’s outlook and execution risks.

HAS: Higher Multiple And Buyback Will Support Shares Despite Cautious Rating

The analyst price target for Hays has been raised from 52 GBp to 55 GBp, as analysts point to a slightly higher future price-to-earnings multiple offsetting more conservative assumptions on growth, margins and discount rate. Analyst Commentary Bullish analysts view the modest increase in the price target as confirmation that the company can sustain earnings despite a tougher macro backdrop, with valuation supported by a slightly higher price to earnings multiple.

Hays plc's (LON:HAS) Share Price Is Matching Sentiment Around Its Revenues

Dec 07
Hays plc's (LON:HAS) Share Price Is Matching Sentiment Around Its Revenues

HAS: Share Buyback And Leadership Stability Will Drive Confidence Amid Upgraded Outlook

Analysts have modestly raised their price target for Hays, increasing it by £0.03 to £0.55. They cite updated expectations on sector performance and company outlook as reasons for this adjustment.

HAS: Improved Margins And Share Buyback Will Drive Prospects Amid Leadership Change

Hays’ analyst price target saw a modest increase to 55 GBp, up from 52 GBp. Analysts cite improved profit margin assumptions and revised market expectations. Analyst Commentary Recent analyst activity regarding Hays has reflected a shifting sentiment in response to the company's updated performance and outlook.

HAS: Labor Market Recovery Will Drive Upside Following Recent Buyback Plan

Hays' analyst price target increased slightly in recent updates, rising to 55 GBp from 52 GBp as analysts pointed to moderate adjustments based on refined discount rate assumptions and mixed sector outlooks. Analyst Commentary Recent analyst research on Hays presents a mixed outlook, with both positive and cautious perspectives reflected in updated ratings and price targets.

Digital Transformation And Diversification Will Strengthen Future Prospects

Analysts have slightly reduced their fair value estimate for Hays, lowering the price target by £0.04 to £0.75. This reflects more cautious expectations for revenue growth and profit margins in light of recent sector downgrades and softer labor market outlooks.
User avatar

Global Talent And Digital Solutions Will Shape Future Staffing

Focus on specialized, high-demand sectors and flexible staffing solutions supports resilient, diversified growth and improved margins as market conditions normalize.

Hays plc's (LON:HAS) Revenues Are Not Doing Enough For Some Investors

Aug 02
Hays plc's (LON:HAS) Revenues Are Not Doing Enough For Some Investors

Is Now The Time To Look At Buying Hays plc (LON:HAS)?

Jul 10
Is Now The Time To Look At Buying Hays plc (LON:HAS)?

Some Investors May Be Worried About Hays' (LON:HAS) Returns On Capital

Jun 11
Some Investors May Be Worried About Hays' (LON:HAS) Returns On Capital

Investors Don't See Light At End Of Hays plc's (LON:HAS) Tunnel

Apr 26
Investors Don't See Light At End Of Hays plc's (LON:HAS) Tunnel

Hays' (LON:HAS) Dividend Will Be £0.0095

Feb 23
Hays' (LON:HAS) Dividend Will Be £0.0095

An Intrinsic Calculation For Hays plc (LON:HAS) Suggests It's 28% Undervalued

Feb 21
An Intrinsic Calculation For Hays plc (LON:HAS) Suggests It's 28% Undervalued

Returns On Capital Signal Difficult Times Ahead For Hays (LON:HAS)

Jan 17
Returns On Capital Signal Difficult Times Ahead For Hays (LON:HAS)

Improved Revenues Required Before Hays plc (LON:HAS) Shares Find Their Feet

Nov 28
Improved Revenues Required Before Hays plc (LON:HAS) Shares Find Their Feet

Is There An Opportunity With Hays plc's (LON:HAS) 23% Undervaluation?

Oct 20
Is There An Opportunity With Hays plc's (LON:HAS) 23% Undervaluation?

Hays plc's (LON:HAS) Share Price Could Signal Some Risk

Aug 08
Hays plc's (LON:HAS) Share Price Could Signal Some Risk

What Does Hays plc's (LON:HAS) Share Price Indicate?

Jul 17
What Does Hays plc's (LON:HAS) Share Price Indicate?

Here's What's Concerning About Hays' (LON:HAS) Returns On Capital

Jun 14
Here's What's Concerning About Hays' (LON:HAS) Returns On Capital

A Look At The Intrinsic Value Of Hays plc (LON:HAS)

Apr 09
A Look At The Intrinsic Value Of Hays plc (LON:HAS)

Should You Think About Buying Hays plc (LON:HAS) Now?

Mar 15
Should You Think About Buying Hays plc (LON:HAS) Now?

Hays' (LON:HAS) Returns On Capital Not Reflecting Well On The Business

Feb 08
Hays' (LON:HAS) Returns On Capital Not Reflecting Well On The Business

Hays (LON:HAS) Could Be At Risk Of Shrinking As A Company

Nov 02
Hays (LON:HAS) Could Be At Risk Of Shrinking As A Company

We Think Hays (LON:HAS) Can Stay On Top Of Its Debt

Oct 14
We Think Hays (LON:HAS) Can Stay On Top Of Its Debt

What Does Hays plc's (LON:HAS) Share Price Indicate?

Sep 25
What Does Hays plc's (LON:HAS) Share Price Indicate?

Some Investors May Be Worried About Hays' (LON:HAS) Returns On Capital

Jul 06
Some Investors May Be Worried About Hays' (LON:HAS) Returns On Capital

These 4 Measures Indicate That Hays (LON:HAS) Is Using Debt Safely

Jun 15
These 4 Measures Indicate That Hays (LON:HAS) Is Using Debt Safely

Is Now The Time To Look At Buying Hays plc (LON:HAS)?

May 27
Is Now The Time To Look At Buying Hays plc (LON:HAS)?

Is Hays plc (LON:HAS) Trading At A 41% Discount?

Mar 14
Is Hays plc (LON:HAS) Trading At A 41% Discount?

Is Now The Time To Look At Buying Hays plc (LON:HAS)?

Jan 24
Is Now The Time To Look At Buying Hays plc (LON:HAS)?

Hays (LON:HAS) May Have Issues Allocating Its Capital

Dec 19
Hays (LON:HAS) May Have Issues Allocating Its Capital

Is Hays plc (LON:HAS) Trading At A 38% Discount?

Dec 01
Is Hays plc (LON:HAS) Trading At A 38% Discount?

Shareholder Returns

HASGB Professional ServicesGB Market
7D3.3%-4.3%-2.7%
1Y-54.3%-30.0%19.9%

Return vs Industry: HAS underperformed the UK Professional Services industry which returned -30% over the past year.

Return vs Market: HAS underperformed the UK Market which returned 19.9% over the past year.

Price Volatility

Is HAS's price volatile compared to industry and market?
HAS volatility
HAS Average Weekly Movement5.8%
Professional Services Industry Average Movement5.9%
Market Average Movement5.6%
10% most volatile stocks in GB Market11.5%
10% least volatile stocks in GB Market3.2%

Stable Share Price: HAS has not had significant price volatility in the past 3 months compared to the UK market.

Volatility Over Time: HAS's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19689,100Mark Dearnleywww.haysplc.com

Hays plc engages in the provision of professional and skilled recruitment services in Germany, the United Kingdom, Ireland, Australia, New Zealand, and internationally. The company provides qualified, professional, and skilled recruitment; and temporary, contracting, and permanent recruitment and workforce solutions. Hays plc was founded in 1968 and is based in London, the United Kingdom.

Hays plc Fundamentals Summary

How do Hays's earnings and revenue compare to its market cap?
HAS fundamental statistics
Market capUK£534.02m
Earnings (TTM)-UK£10.50m
Revenue (TTM)UK£6.49b
0.1x
P/S Ratio
-50.9x
P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
HAS income statement (TTM)
RevenueUK£6.49b
Cost of RevenueUK£6.27b
Gross ProfitUK£225.50m
Other ExpensesUK£236.00m
Earnings-UK£10.50m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

Aug 20, 2026

Earnings per share (EPS)-0.0066
Gross Margin3.47%
Net Profit Margin-0.16%
Debt/Equity Ratio27.5%

How did HAS perform over the long term?

See historical performance and comparison

Dividends

0.9%
Current Dividend Yield
-67%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/04/30 00:20
End of Day Share Price 2026/04/30 00:00
Earnings2025/12/31
Annual Earnings2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Hays plc is covered by 26 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Paul Daniel SullivanBarclays
Afonso OsorioBarclays
James Rowland ClarkBarclays