Robert Walters
Market Cap
UK£293.1m
Last Updated
2020/07/06 20:51 UTC
Data Sources
Company Financials +
Executive Summary
Robert Walters plc, together with its subsidiaries, provides professional recruitment consultancy services worldwide.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of -7.4% per year for the next 3 years
Snowflake Analysis
Flawless 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's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
0.3%
RWA
-0.3%
GB Professional Services
0.1%
GB Market
1 Year Return
-33.2%
RWA
1.8%
GB Professional Services
-15.3%
GB Market
Return vs Industry: RWA underperformed the UK Professional Services industry which returned 1.8% over the past year.
Return vs Market: RWA underperformed the UK Market which returned -15.3% over the past year.
Shareholder returns
| RWA | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.3% | -0.3% | 0.1% |
| 30 Day | 15.6% | -1.5% | -4.6% |
| 90 Day | 9.6% | 17.0% | 13.1% |
| 1 Year | -32.6%-33.2% | 4.1%1.8% | -11.4%-15.3% |
| 3 Year | -3.4%-8.1% | 36.8%27.6% | -3.4%-15.2% |
| 5 Year | -0.4%-9.1% | 101.9%79.3% | 15.4%-10.3% |
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
2 weeks ago | Simply Wall St
Imagine Owning Robert Walters (LON:RWA) And Wondering If The 39% Share Price Slide Is Justified1 month ago | Simply Wall St
Is Robert Walters plc's (LON:RWA) CEO Pay Justified?1 month ago | Simply Wall St
Robert Walters (LON:RWA) Has A Rock Solid Balance SheetValuation
Is Robert Walters undervalued compared to its fair value and its price relative to the market?
8.28x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: RWA (£4.01) is trading above our estimate of fair value (£1.9)
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 (8.3x) compared to the Professional Services industry average (15.7x).
PE vs Market: RWA is good value based on its PE Ratio (8.3x) compared to the UK market (15x).
Price to Earnings Growth Ratio
PEG Ratio: RWA's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: RWA is good value based on its PB Ratio (1.8x) compared to the GB Professional Services industry average (2.1x).
Next Steps
Future Growth
How is Robert Walters forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
-7.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: RWA's earnings are forecast to decline over the next 3 years (-7.4% per year).
Earnings vs Market: RWA's earnings are forecast to decline over the next 3 years (-7.4% per year).
High Growth Earnings: RWA's earnings are forecast to decline over the next 3 years.
Revenue vs Market: RWA's revenue is expected to decline over the next 3 years (-0.4% per year).
High Growth Revenue: RWA's revenue is forecast to decline over the next 3 years (-0.4% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: RWA's Return on Equity is forecast to be low in 3 years time (17%).
Next Steps
Past Performance
How has Robert Walters performed over the past 5 years?
23.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RWA has high quality earnings.
Growing Profit Margin: RWA's current net profit margins (2.8%) are lower than last year (2.9%).
Past Earnings Growth Analysis
Earnings Trend: RWA's earnings have grown significantly by 23.1% per year over the past 5 years.
Accelerating Growth: RWA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: RWA had negative earnings growth (-4.5%) over the past year, making it difficult to compare to the Professional Services industry average (7.4%).
Return on Equity
High ROE: RWA's Return on Equity (21.2%) is considered high.
Next Steps
Financial Health
How is Robert Walters's financial position?
Financial Position Analysis
Short Term Liabilities: RWA's short term assets (£324.7M) exceed its short term liabilities (£214.0M).
Long Term Liabilities: RWA's short term assets (£324.7M) exceed its long term liabilities (£59.4M).
Debt to Equity History and Analysis
Debt Level: RWA's debt to equity ratio (16.6%) is considered satisfactory.
Reducing Debt: RWA's debt to equity ratio has reduced from 30.7% to 16.6% over the past 5 years.
Debt Coverage: RWA's debt is well covered by operating cash flow (262.4%).
Interest Coverage: RWA's interest payments on its debt are well covered by EBIT (23.3x coverage).
Balance Sheet
Next Steps
Dividend
What is Robert Walters's current dividend yield, its reliability and sustainability?
3.87%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: RWA's dividend (3.87%) is higher than the bottom 25% of dividend payers in the UK market (1.99%).
High Dividend: RWA's dividend (3.87%) is low compared to the top 25% of dividend payers in the UK market (5.55%).
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 (32%), 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 (37.1% payout ratio).
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Management
How experienced are the management team and are they aligned to shareholders interests?
5.5yrs
Average management tenure
CEO
Robert Walters (65yo)
no data
Tenure
UK£2,339,000
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 ($USD2.92M) is above average for companies of similar size in the UK market ($USD920.08K).
Compensation vs Earnings: Robert's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | no data | UK£2.34m | 3.66% £10.7m | |
| CFO & Executive Director | 13.33yrs | UK£1.42m | 0.95% £2.8m | |
| Chief Legal Officer & Company Secretary | 4.5yrs | no data | no data | |
| Managing Director Spain & Portugal | no data | no data | no data | |
| Managing Director of Greater China | no data | no data | no data | |
| Managing Director of Brisbane | no data | no data | no data | |
| Managing Director of Ireland | no data | no data | no data | |
| Managing Director of Germany & Switzerland | 5.5yrs | no data | no data | |
| Managing Director of Belgium | no data | no data | no data | |
| Country Manager Chile | no data | no data | no data |
5.5yrs
Average Tenure
Experienced Management: RWA's management team is seasoned and experienced (5.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | no data | UK£2.34m | 3.66% £10.7m | |
| CFO & Executive Director | 13.33yrs | UK£1.42m | 0.95% £2.8m | |
| Senior Independent Director | 2.33yrs | UK£76.00k | 0.0099% £29.0k | |
| Independent Chairman | 2.33yrs | UK£124.00k | 0.014% £40.6k | |
| Independent Non-Executive Director | 3.42yrs | UK£71.00k | 0.0083% £24.4k | |
| Independent Non-Executive Director | 1.75yrs | UK£61.00k | 0.0083% £24.4k |
2.9yrs
Average Tenure
59yo
Average Age
Experienced Board: RWA's board of directors are not considered experienced ( 2.9 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: RWA 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£293.142m
- Shares outstanding: 72.20m
- Website: https://www.robertwaltersgroup.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 services worldwide. The company offers permanent, 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 | 2020/07/06 20:51 |
| End of Day Share Price | 2020/07/06 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.