Robert Walters Valuation

Is RWA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of RWA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: RWA (£3.82) is trading below our estimate of fair value (£6.68)

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


Key Valuation Metric

Which metric is best to use when looking at relative valuation for RWA?

Other financial metrics that can be useful for relative valuation.

RWA key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.2x
Enterprise Value/EBITDA7.8x
PEG Ratio0.7x

Price to Earnings Ratio vs Peers

How does RWA's PE Ratio compare to its peers?

The above table shows the PE ratio for RWA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average17.5x
IPEL Impellam Group
24.8xn/aUK£389.3m
STEM SThree
10.4x6.3%UK£582.4m
PAGE PageGroup
17.2x17.8%UK£1.3b
HAS Hays
17.8x16.8%UK£1.5b
RWA Robert Walters
18.7x28.6%UK£251.0m

Price-To-Earnings vs Peers: RWA is expensive based on its Price-To-Earnings Ratio (18.7x) compared to the peer average (17.5x).


Price to Earnings Ratio vs Industry

How does RWA's PE Ratio compare vs other companies in the GB Professional Services Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a11.2%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a11.2%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: RWA is good value based on its Price-To-Earnings Ratio (18.7x) compared to the UK Professional Services industry average (18.8x).


Price to Earnings Ratio vs Fair Ratio

What is RWA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

RWA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.7x
Fair PE Ratio25.5x

Price-To-Earnings vs Fair Ratio: RWA is good value based on its Price-To-Earnings Ratio (18.7x) compared to the estimated Fair Price-To-Earnings Ratio (25.5x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst RWA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£3.82
UK£5.58
+46.1%
15.5%UK£7.00UK£4.65n/a5
Jul ’25UK£4.25
UK£5.58
+31.3%
15.5%UK£7.00UK£4.65n/a5
Jun ’25UK£4.13
UK£5.20
+25.9%
20.5%UK£7.00UK£4.10n/a6
May ’25UK£3.96
UK£5.20
+31.3%
20.5%UK£7.00UK£4.10n/a6
Apr ’25UK£4.07
UK£5.38
+32.3%
17.1%UK£7.00UK£4.20n/a6
Mar ’25UK£4.30
UK£5.37
+24.8%
17.4%UK£7.00UK£4.20n/a6
Feb ’25UK£4.40
UK£5.37
+22.0%
17.4%UK£7.00UK£4.20n/a6
Jan ’25UK£4.45
UK£5.68
+27.5%
18.2%UK£7.00UK£4.05n/a6
Dec ’24UK£4.07
UK£5.68
+39.4%
18.2%UK£7.00UK£4.05n/a6
Nov ’24UK£3.79
UK£5.68
+49.7%
18.2%UK£7.00UK£4.05n/a6
Oct ’24UK£4.18
UK£6.36
+52.0%
13.2%UK£7.68UK£5.05n/a6
Sep ’24UK£3.68
UK£6.36
+72.7%
13.2%UK£7.68UK£5.05n/a6
Aug ’24UK£3.96
UK£6.36
+60.5%
13.2%UK£7.68UK£5.05n/a6
Jul ’24UK£4.12
UK£6.50
+57.7%
12.7%UK£7.68UK£5.05UK£4.256
Jun ’24UK£4.35
UK£7.16
+64.5%
8.0%UK£8.10UK£6.40UK£4.136
May ’24UK£4.26
UK£7.16
+68.0%
8.0%UK£8.10UK£6.40UK£3.966
Apr ’24UK£4.50
UK£7.36
+63.6%
8.3%UK£8.10UK£6.40UK£4.076
Mar ’24UK£5.10
UK£7.70
+51.0%
13.9%UK£9.70UK£6.40UK£4.306
Feb ’24UK£5.02
UK£7.70
+53.4%
13.9%UK£9.70UK£6.40UK£4.406
Jan ’24UK£5.40
UK£8.54
+58.1%
12.3%UK£9.70UK£7.00UK£4.455
Dec ’23UK£6.00
UK£8.54
+42.3%
12.3%UK£9.70UK£7.00UK£4.075
Nov ’23UK£5.08
UK£8.54
+68.1%
12.3%UK£9.70UK£7.00UK£3.795
Oct ’23UK£4.58
UK£9.09
+98.5%
8.6%UK£9.75UK£7.75UK£4.185
Sep ’23UK£4.94
UK£9.09
+84.0%
8.6%UK£9.75UK£7.75UK£3.685
Aug ’23UK£5.44
UK£9.32
+71.3%
11.3%UK£10.85UK£7.75UK£3.965
Jul ’23UK£4.82
UK£9.32
+93.4%
11.3%UK£10.85UK£7.75UK£4.125

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.