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KFRC

Kforce NasdaqGS:KFRC Stock Report

Last Price

US$58.65

Market Cap

US$1.2b

7D

1.1%

1Y

-4.7%

Updated

02 Oct, 2022

Data

Company Financials +
KFRC fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends3/6

KFRC Stock Overview

Kforce Inc. provides professional staffing services and solutions in the United States.

Kforce Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Kforce
Historical stock prices
Current Share PriceUS$58.65
52 Week HighUS$81.47
52 Week LowUS$54.34
Beta1.1
1 Month Change6.85%
3 Month Change-5.53%
1 Year Change-4.70%
3 Year Change53.45%
5 Year Change186.10%
Change since IPO1,464.00%

Recent News & Updates

Sep 14

Kforce goes ex-dividend tomorrow

Kforce (NASDAQ:KFRC) declared $0.30/share quarterly dividend, in line with previous. Payable Sept. 30; for shareholders of record Sept. 16; ex-div Sept. 15. See KFRC Dividend Scorecard, Yield Chart, & Dividend Growth.

Aug 17
Does Kforce (NASDAQ:KFRC) Deserve A Spot On Your Watchlist?

Does Kforce (NASDAQ:KFRC) Deserve A Spot On Your Watchlist?

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...

Shareholder Returns

KFRCUS Professional ServicesUS Market
7D1.1%-1.7%-2.5%
1Y-4.7%-23.9%-23.2%

Return vs Industry: KFRC exceeded the US Professional Services industry which returned -23.9% over the past year.

Return vs Market: KFRC exceeded the US Market which returned -23.2% over the past year.

Price Volatility

Is KFRC's price volatile compared to industry and market?
KFRC volatility
KFRC Average Weekly Movement4.6%
Professional Services Industry Average Movement5.9%
Market Average Movement6.8%
10% most volatile stocks in US Market15.5%
10% least volatile stocks in US Market2.8%

Stable Share Price: KFRC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: KFRC's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19622,100Joe Liberatorehttps://www.kforce.com

Kforce Inc. provides professional staffing services and solutions in the United States. It operates through two segments, Technology, and Finance and Accounting (FA). The Technology segment provides talent solutions to its clients primarily in the areas of information technology, such as systems/applications architecture and development, data management and analytics, business and artificial intelligence, machine learning, project and program management, and network architecture and security.

Kforce Fundamentals Summary

How do Kforce's earnings and revenue compare to its market cap?
KFRC fundamental statistics
Market CapUS$1.18b
Earnings (TTM)US$86.83m
Revenue (TTM)US$1.67b

13.6x

P/E Ratio

0.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
KFRC income statement (TTM)
RevenueUS$1.67b
Cost of RevenueUS$1.17b
Gross ProfitUS$494.21m
Other ExpensesUS$407.38m
EarningsUS$86.83m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)4.31
Gross Margin29.65%
Net Profit Margin5.21%
Debt/Equity Ratio0%

How did KFRC perform over the long term?

See historical performance and comparison

Dividends

2.0%

Current Dividend Yield

26%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

KFRC 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/Revenue0.7x
Enterprise Value/EBITDA9.9x
PEG Ratio-4.9x

Price to Earnings Ratio vs Peers

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

KFRC PE Ratio vs Peers
The above table shows the PE ratio for KFRC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average23.4x
HRT HireRight Holdings
40x37.0%US$1.2b
FA First Advantage
33.4x25.7%US$2.0b
KFY Korn Ferry
7.8x-8.4%US$2.5b
BBSI Barrett Business Services
12.6x7.6%US$552.9m
KFRC Kforce
13.6x-2.8%US$1.2b

Price-To-Earnings vs Peers: KFRC is good value based on its Price-To-Earnings Ratio (13.6x) compared to the peer average (23.4x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: KFRC is good value based on its Price-To-Earnings Ratio (13.6x) compared to the US Professional Services industry average (16.6x)


Price to Earnings Ratio vs Fair Ratio

What is KFRC'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.

KFRC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.6x
Fair PE Ratio13.5x

Price-To-Earnings vs Fair Ratio: KFRC is expensive based on its Price-To-Earnings Ratio (13.6x) compared to the estimated Fair Price-To-Earnings Ratio (13.5x).


Share Price vs Fair Value

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

Below Fair Value: KFRC ($58.65) is trading below our estimate of fair value ($163.65)

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


Analyst Price Targets

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

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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Future Growth

How is Kforce forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-2.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: KFRC's earnings are forecast to decline over the next 3 years (-2.8% per year).

Earnings vs Market: KFRC's earnings are forecast to decline over the next 3 years (-2.8% per year).

High Growth Earnings: KFRC's earnings are forecast to decline over the next 3 years.

Revenue vs Market: KFRC's revenue (1.5% per year) is forecast to grow slower than the US market (7.7% per year).

High Growth Revenue: KFRC's revenue (1.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if KFRC's Return on Equity is forecast to be high in 3 years time


Discover growth companies

Past Performance

How has Kforce performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


17.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: KFRC has high quality earnings.

Growing Profit Margin: KFRC's current net profit margins (5.2%) are higher than last year (4.8%).


Past Earnings Growth Analysis

Earnings Trend: KFRC's earnings have grown by 17.6% per year over the past 5 years.

Accelerating Growth: KFRC's earnings growth over the past year (21.4%) exceeds its 5-year average (17.6% per year).

Earnings vs Industry: KFRC earnings growth over the past year (21.4%) underperformed the Professional Services industry 23.3%.


Return on Equity

High ROE: KFRC's Return on Equity (41.2%) is considered outstanding.


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Financial Health

How is Kforce's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: KFRC's short term assets ($326.3M) exceed its short term liabilities ($189.5M).

Long Term Liabilities: KFRC's short term assets ($326.3M) exceed its long term liabilities ($42.0M).


Debt to Equity History and Analysis

Debt Level: KFRC is debt free.

Reducing Debt: KFRC has no debt compared to 5 years ago when its debt to equity ratio was 95.8%.

Debt Coverage: KFRC has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: KFRC has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Kforce current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


2.05%

Current Dividend Yield

Dividend Yield vs Market

Kforce Dividend Yield vs Market
How does Kforce dividend yield compare to the market?
SegmentDividend Yield
Company (Kforce)2.0%
Market Bottom 25% (US)1.7%
Market Top 25% (US)4.7%
Industry Average (Professional Services)1.3%
Analyst forecast in 3 Years (Kforce)2.1%

Notable Dividend: KFRC's dividend (2.05%) is higher than the bottom 25% of dividend payers in the US market (1.67%).

High Dividend: KFRC's dividend (2.05%) is low compared to the top 25% of dividend payers in the US market (4.73%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, KFRC has been paying a dividend for less than 10 years.

Growing Dividend: KFRC's dividend payments have increased, but the company has only paid a dividend for 9 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (26.2%), KFRC's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (24.1%), KFRC's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

5.0yrs

Average management tenure


CEO

Joe Liberatore (59 yo)

0.83yr

Tenure

US$6,772,469

Compensation

Mr. Joseph J. Liberatore, also known as Joe, has been the President of Kforce Inc. since January 01, 2013 and serves as its Chief Executive Officer since January 01, 2022. He serves as Director at of Kforc...


CEO Compensation Analysis

Joe Liberatore's Compensation vs Kforce Earnings
How has Joe Liberatore's remuneration changed compared to Kforce's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

US$87m

Mar 31 2022n/an/a

US$81m

Dec 31 2021US$7mUS$660k

US$75m

Sep 30 2021n/an/a

US$73m

Jun 30 2021n/an/a

US$71m

Mar 31 2021n/an/a

US$60m

Dec 31 2020US$5mUS$660k

US$56m

Sep 30 2020n/an/a

US$52m

Jun 30 2020n/an/a

US$50m

Mar 31 2020n/an/a

US$56m

Dec 31 2019US$6mUS$660k

US$55m

Sep 30 2019n/an/a

US$54m

Jun 30 2019n/an/a

US$52m

Mar 31 2019n/an/a

US$51m

Dec 31 2018US$3mUS$600k

US$51m

Sep 30 2018n/an/a

US$43m

Jun 30 2018n/an/a

US$39m

Mar 31 2018n/an/a

US$35m

Dec 31 2017US$3mUS$600k

US$30m

Sep 30 2017n/an/a

US$36m

Jun 30 2017n/an/a

US$35m

Mar 31 2017n/an/a

US$35m

Dec 31 2016US$4mUS$600k

US$33m

Sep 30 2016n/an/a

US$35m

Jun 30 2016n/an/a

US$40m

Mar 31 2016n/an/a

US$41m

Dec 31 2015US$3mUS$600k

US$43m

Compensation vs Market: Joe's total compensation ($USD6.77M) is above average for companies of similar size in the US market ($USD4.14M).

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


Leadership Team

Experienced Management: KFRC's management team is seasoned and experienced (5 years average tenure).


Board Members

Experienced Board: KFRC's board of directors are considered experienced (6.5 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

NasdaqGS:KFRC Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
20 May 22SellUS$228,375N. SimmonsIndividual3,500US$65.25
29 Mar 22SellUS$377,200David KellyIndividual5,000US$75.44
09 Mar 22SellUS$29,190David KellyIndividual417US$70.00

Ownership Breakdown

What is the ownership structure of KFRC?
Owner TypeNumber of SharesOwnership Percentage
General Public74,0970.4%
Individual Insiders1,213,6316.0%
Institutions18,835,31893.6%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 71.51% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
11.39%
FMR LLC
2,291,152$134.4m-5.15%0.01%
11.04%
The Vanguard Group, Inc.
2,221,538$130.3m4.5%no data
10.26%
BlackRock, Inc.
2,063,637$121.0m-3.63%no data
4.25%
Fidelity International Ltd
854,866$50.1m0%0.03%
4.04%
Dimensional Fund Advisors LP
813,193$47.7m-0.82%0.01%
2.9%
Acadian Asset Management LLC
582,604$34.2m-5.51%0.13%
2.87%
David Dunkel
577,486$33.9m0.11%no data
2.69%
NewSouth Capital Management, Inc.
540,680$31.7m-1.77%1.55%
2.33%
State Street Global Advisors, Inc.
468,664$27.5m0.56%no data
2.03%
Geode Capital Management, LLC
407,988$23.9m9.01%no data
1.97%
Columbia Management Investment Advisers, LLC
396,584$23.3m-0.9%0.01%
1.95%
Teachers Insurance and Annuity Association-College Retirement Equities Fund
391,454$23.0m-2.35%0.01%
1.39%
Northern Trust Global Investments
279,741$16.4m-1.39%no data
1.34%
Charles Schwab Investment Management, Inc.
269,657$15.8m1.98%no data
1.31%
Fuller & Thaler Asset Management, Inc.
263,209$15.4m-1.41%0.11%
1.25%
Tributary Capital Management, LLC
251,405$14.7m-3.13%1.51%
1.25%
Millennium Management LLC
250,691$14.7m420.27%0.02%
1.24%
Goldman Sachs Asset Management, L.P.
248,995$14.6m855.72%0.01%
1.01%
Paradigm Capital Management, Inc.
202,600$11.9m-2.13%0.83%
0.91%
Lord, Abbett & Co. LLC
184,067$10.8m-64.96%0.04%
0.91%
Jupiter Fund Management Plc
182,261$10.7m-7.49%0.04%
0.89%
Lazard Asset Management LLC
178,351$10.5m23.36%0.01%
0.82%
Joseph Liberatore
165,708$9.7m0.49%no data
0.8%
Renaissance Technologies LLC
160,449$9.4m311.95%0.01%
0.71%
PanAgora Asset Management, Inc.
142,916$8.4m-1.95%0.06%

Company Information

Kforce Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Kforce Inc.
  • Ticker: KFRC
  • Exchange: NasdaqGS
  • Founded: 1962
  • Industry: Human Resource and Employment Services
  • Sector: Commercial Services
  • Implied Market Cap: US$1.180b
  • Shares outstanding: 20.12m
  • Website: https://www.kforce.com

Number of Employees


Location

  • Kforce Inc.
  • 1001 East Palm Avenue
  • Tampa
  • Florida
  • 33605
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KFRCNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDAug 1995
ROFDB (Deutsche Boerse AG)YesCommon StockDEEURAug 1995

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/02 00:00
End of Day Share Price2022/09/30 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.