Robert Walters
Market Cap
UK£440.5m
Last Updated
2020/02/21 20:42 UTC
Data Sources
Company Financials +
Executive Summary
Robert Walters plc, together with its subsidiaries, provides professional recruitment consultancy solutions worldwide.
Rewards
Risk Analysis
No risks detected for RWA from our risk checks.
Snowflake Analysis
Excellent balance sheet established dividend payer.
Similar Companies
Share Price & News
How has Robert Walters's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: RWA has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-1.7%
RWA
0.2%
GB Professional Services
0.2%
GB Market
1 Year Return
11.0%
RWA
22.1%
GB Professional Services
6.4%
GB Market
Return vs Industry: RWA underperformed the UK Professional Services industry which returned 24.1% over the past year.
Return vs Market: RWA exceeded the UK Market which returned 7.1% over the past year.
Shareholder returns
| RWA | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.7% | 0.2% | 0.2% |
| 30 Day | -0.3% | 3.3% | -1.4% |
| 90 Day | 20.0% | 10.8% | 3.8% |
| 1 Year | 14.0%11.0% | 24.9%22.1% | 11.9%6.4% |
| 3 Year | 54.6%45.1% | 58.1%47.5% | 18.6%3.8% |
| 5 Year | 84.7%66.9% | 116.4%91.1% | 34.8%4.0% |
Price Volatility Vs. Market
How volatile is Robert Walters's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall St
How Should Investors Feel About Robert Walters plc's (LON:RWA) CEO Pay?2 weeks ago | Simply Wall St
Robert Walters (LON:RWA) Could Easily Take On More Debt4 weeks ago | Simply Wall St
Does Robert Walters plc (LON:RWA) Have A Place In Your Dividend Portfolio?Valuation
Is Robert Walters undervalued compared to its fair value and its price relative to the market?
11.68x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: RWA (£5.94) is trading above our estimate of fair value (£4.73)
Significantly Below Fair Value: RWA is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: RWA is good value based on its PE Ratio (11.7x) compared to the Professional Services industry average (21.6x).
PE vs Market: RWA is good value based on its PE Ratio (11.7x) compared to the UK market (18.5x).
Price to Earnings Growth Ratio
PEG Ratio: RWA is poor value based on its PEG Ratio (1.8x)
Price to Book Ratio
PB vs Industry: RWA is good value based on its PB Ratio (2.8x) compared to the GB Professional Services industry average (3x).
Next Steps
Future Growth
How is Robert Walters forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
6.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: RWA's forecast earnings growth (6.5% per year) is above the savings rate (0.5%).
Earnings vs Market: RWA's earnings (6.5% per year) are forecast to grow slower than the UK market (13% per year).
High Growth Earnings: RWA's earnings are forecast to grow, but not significantly.
Revenue vs Market: RWA's revenue (3.9% per year) is forecast to grow faster than the UK market (3.5% per year).
High Growth Revenue: RWA's revenue (3.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: RWA's Return on Equity is forecast to be high in 3 years time (20.2%)
Next Steps
Past Performance
How has Robert Walters performed over the past 5 years?
27.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RWA has high quality earnings.
Growing Profit Margin: RWA's current net profit margins (2.9%) are higher than last year (2.7%).
Past Earnings Growth Analysis
Earnings Trend: RWA's earnings have grown significantly by 27.7% per year over the past 5 years.
Accelerating Growth: RWA's earnings growth over the past year (7.1%) is below its 5-year average (27.7% per year).
Earnings vs Industry: RWA earnings growth over the past year (7.1%) underperformed the Professional Services industry 16%.
Return on Equity
High ROE: RWA's Return on Equity (24.1%) is considered high.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Robert Walters's financial position?
Financial Position Analysis
Short Term Liabilities: RWA's short term assets (£324.3M) exceed its short term liabilities (£224.4M).
Long Term Liabilities: RWA's short term assets (£324.3M) exceed its long term liabilities (£66.7M).
Debt to Equity History and Analysis
Debt Level: RWA's debt to equity ratio (18.5%) is considered satisfactory.
Reducing Debt: RWA's debt to equity ratio has increased from 1% to 18.5% over the past 5 years.
Debt Coverage: RWA's debt is well covered by operating cash flow (270.4%).
Interest Coverage: RWA's interest payments on its debt are well covered by EBIT (24.9x coverage).
Balance Sheet
Inventory Level: RWA has a high level of physical assets or inventory.
Debt Coverage by Assets: RWA's debt is covered by short term assets (assets are 11.8x debt).
Next Steps
Dividend
What is Robert Walters's current dividend yield, its reliability and sustainability?
2.47%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: RWA's dividend (2.47%) is higher than the bottom 25% of dividend payers in the UK market (1.79%).
High Dividend: RWA's dividend (2.47%) is low compared to the top 25% of dividend payers in the UK market (5.09%).
Stability and Growth of Payments
Stable Dividend: RWA's dividends per share have been stable in the past 10 years.
Growing Dividend: RWA's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (29.9%), RWA's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: RWA's dividends in 3 years are forecast to be well covered by earnings (34.6% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.1yrs
Average management tenure
CEO
Robert Walters (64yo)
UK£3,408,000
Compensation
Mr. Robert C. Walters Founded Robert Walters PLC in 1985 and serves as its Chief Executive Officer. Mr. Walters joined Michael Page International PLC in 1978, initially working in its commerce division and ...
CEO Compensation Analysis
Compensation vs Market: Robert's total compensation ($USD4.39M) is above average for companies of similar size in the UK market ($USD826.57K).
Compensation vs Earnings: Robert's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 0yrs | UK£3.41m | 3.42% £15.1m | |
| CFO & Executive Director | 12.9yrs | UK£2.07m | 0.81% £3.6m | |
| Managing Director Spain & Portugal | 0yrs | no data | no data | |
| Managing Director of Greater China | 0yrs | no data | no data | |
| Managing Director of Brisbane | 0yrs | no data | no data | |
| Managing Director of Ireland | 0yrs | no data | no data | |
| Managing Director of Germany & Switzerland | 5.1yrs | no data | no data | |
| Managing Director of Belgium | 0yrs | no data | no data | |
| Chief Executive Officer for Asia Pacific | 0.8yrs | no data | no data | |
| Chief Executive Officer of Resource Solutions | 0yrs | no data | no data |
5.1yrs
Average Tenure
Experienced Management: RWA's management team is seasoned and experienced (5.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 0yrs | UK£3.41m | 3.42% £15.1m | |
| CFO & Executive Director | 12.9yrs | UK£2.07m | 0.81% £3.6m | |
| Senior Independent Director | 1.9yrs | UK£73.00k | 0.010% £43.8k | |
| Independent Chairman | 1.9yrs | UK£110.00k | 0.014% £61.4k | |
| Non-Executive Director | 3yrs | UK£69.00k | 0.0084% £36.8k | |
| Non-Executive Director | 1.3yrs | UK£15.00k | 0.0084% £36.8k |
2.5yrs
Average Tenure
58yo
Average Age
Experienced Board: RWA's board of directors are not considered experienced ( 2.5 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 not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Robert Walters plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Robert Walters plc
- Ticker: RWA
- Exchange: LSE
- Founded: 1985
- Industry: Human Resource and Employment Services
- Sector: Commercial Services
- Market Cap: UK£440.540m
- Shares outstanding: 71.75m
- Website: https://www.robertwalters.com
Number of Employees
Location
- Robert Walters plc
- 11 Slingsby Place
- St Martin's Courtyard
- London
- Greater London
- WC2E 9AB
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| RWA | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | Jul 2000 |
| RWAl | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | GBP | Jul 2000 |
Biography
Robert Walters plc, together with its subsidiaries, provides professional recruitment consultancy solutions worldwide. The company offers permanent, temporary, contract, and interim recruitment services in the fields of accounting and finance, banking and financial services, engineering, human resources, information technology, legal, sales and marketing, secretarial and support, and supply chain and procurement. It also provides recruitment process outsourcing and managed services. The company was founded in 1985 and is headquartered in London, the United Kingdom.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/21 20:42 |
| End of Day Share Price | 2020/02/21 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.