Korn Ferry
Korn Ferry, together with its subsidiaries, provides talent management solutions worldwide. The last earnings update was 41 days ago. More info.
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KFY Share Price and Events
7 Day Returns
1 Year Returns
KFY Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Korn Ferry (KFY) | -0.4% | 5.9% | 4% | -11.9% | 53.4% | 65.1% |
| US Professional Services | 0.2% | 4.3% | 15% | 10.1% | 7.6% | 16.5% |
| US Market | -0.3% | 2% | 8.5% | 7% | 37.7% | 46.8% |
1 Year Return vs Industry and Market
- KFY underperformed the Professional Services industry which returned 10.1% over the past year.
- KFY underperformed the Market in United States of America which returned 7% over the past year.
KFY Value
Is Korn Ferry undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Korn Ferry
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Korn Ferry.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 6 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 8.8% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Professional Services Unlevered Beta | Simply Wall St/ S&P Global | 0.96 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.963 (1 + (1- 21%) (8.32%)) |
1.018 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.02 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.018 * 5.96%) |
8.8% |
Discounted Cash Flow Calculation for NYSE:KFY using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Korn Ferry is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 8.8%) |
|
|---|---|---|---|
| 2019 | 165.48 | Analyst x2 | 152.10 |
| 2020 | 208.02 | Analyst x2 | 175.74 |
| 2021 | 267.52 | Analyst x1 | 207.74 |
| 2022 | 299.16 | Est @ 11.82% | 213.52 |
| 2023 | 326.37 | Est @ 9.1% | 214.11 |
| 2024 | 349.83 | Est @ 7.19% | 210.94 |
| 2025 | 370.29 | Est @ 5.85% | 205.22 |
| 2026 | 388.48 | Est @ 4.91% | 197.90 |
| 2027 | 405.03 | Est @ 4.26% | 189.64 |
| 2028 | 420.42 | Est @ 3.8% | 180.93 |
| Present value of next 10 years cash flows | $1,947.83 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $420.42 × (1 + 2.73%) ÷ (8.8% – 2.73%) |
$7,118.98 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $7,118.98 ÷ (1 + 8.8%)10 |
$3,063.77 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $1,947.83 + $3,063.77 |
$5,011.60 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $5,011.60 / 56.43 |
$88.81 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $88.81 |
| Current discount | Discount to share price of
$47.45
= -1 x ($47.45 - $88.81) / $88.81 |
46.6% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Korn Ferry's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Korn Ferry's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Korn Ferry's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Korn Ferry's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-01-31) in USD | $1.67 |
| NYSE:KFY Share Price ** | NYSE (2019-04-18) in USD | $47.45 |
| United States of America Professional Services Industry PE Ratio | Median Figure of 37 Publicly-Listed Professional Services Companies | 23.02x |
| United States of America Market PE Ratio | Median Figure of 3,081 Publicly-Listed Companies | 18.18x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Korn Ferry.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:KFY Share Price ÷ EPS (both in USD) = 47.45 ÷ 1.67 |
28.37x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Korn Ferry is overvalued based on earnings compared to the US Professional Services industry average.
- Korn Ferry is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Korn Ferry's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 28.37x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts |
41.1%per year |
| United States of America Professional Services Industry PEG Ratio | Median Figure of 33 Publicly-Listed Professional Services Companies | 1.68x |
| United States of America Market PEG Ratio | Median Figure of 2,109 Publicly-Listed Companies | 1.56x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 28.37x ÷ 41.1% |
0.69x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Korn Ferry is good value based on expected growth next year.
Price based on value of assets
What value do investors place on
Korn Ferry's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-01-31) in USD | $21.35 |
| NYSE:KFY Share Price * | NYSE (2019-04-18) in USD | $47.45 |
| United States of America Professional Services Industry PB Ratio | Median Figure of 55 Publicly-Listed Professional Services Companies | 2.3x |
| United States of America Market PB Ratio | Median Figure of 5,184 Publicly-Listed Companies | 1.91x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:KFY Share Price ÷ Book Value per Share (both in USD) = 47.45 ÷ 21.35 |
2.22x |
* Primary Listing of Korn Ferry.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Korn Ferry is good value based on assets compared to the US Professional Services industry average.
Value checks
We assess Korn Ferry's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Professional Services industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Professional Services industry average (and greater than 0)? (1 check) Korn Ferry has a total score of 4/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
KFY Future Performance
How is Korn Ferry expected to perform in the next 1 to 3 years based on estimates from 6 analysts?
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Korn Ferry's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Korn Ferry's earnings growth is expected to exceed the United States of America market average.
- Korn Ferry's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:KFY Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts | 41.1% |
| NYSE:KFY Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts | 5.7% |
| United States of America Professional Services Industry Earnings Growth Rate | Market Cap Weighted Average | 22.3% |
| United States of America Professional Services Industry Revenue Growth Rate | Market Cap Weighted Average | 5.2% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.4% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 6 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-04-30 | 2,171 | 292 | 226 | 3 |
| 2020-04-30 | 2,043 | 245 | 203 | 6 |
| 2019-04-30 | 1,938 | 212 | 102 | 6 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-01-31 | 1,911 | 260 | 93 |
| 2018-10-31 | 1,884 | 243 | 75 |
| 2018-07-31 | 1,832 | 211 | 65 |
| 2018-04-30 | 1,767 | 219 | 132 |
| 2018-01-31 | 1,698 | 152 | 118 |
| 2017-10-31 | 1,632 | 139 | 115 |
| 2017-07-31 | 1,591 | 132 | 109 |
| 2017-04-30 | 1,566 | 106 | 83 |
| 2017-01-31 | 1,559 | 95 | 63 |
| 2016-10-31 | 1,522 | 49 | 23 |
| 2016-07-31 | 1,400 | 19 | 11 |
| 2016-04-30 | 1,292 | 69 | 31 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 6 Analyst Estimates (S&P Global) | See Below |
All data from Korn Ferry Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-04-30 | 4.29 | 4.29 | 4.29 | 1.00 |
| 2020-04-30 | 3.49 | 3.77 | 3.21 | 2.00 |
| 2019-04-30 | 1.81 | 1.84 | 1.77 | 2.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-01-31 | 1.67 |
| 2018-10-31 | 1.35 |
| 2018-07-31 | 1.17 |
| 2018-04-30 | 2.39 |
| 2018-01-31 | 2.13 |
| 2017-10-31 | 2.06 |
| 2017-07-31 | 1.94 |
| 2017-04-30 | 1.48 |
| 2017-01-31 | 1.11 |
| 2016-10-31 | 0.41 |
| 2016-07-31 | 0.20 |
| 2016-04-30 | 0.58 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Korn Ferry's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Korn Ferry has a total score of 3/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
KFY Past Performance
How has Korn Ferry performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Korn Ferry's year on year earnings growth rate has been positive over the past 5 years.
- Korn Ferry's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Korn Ferry's 1-year earnings growth is negative, it can't be compared to the US Professional Services industry average.
Earnings and Revenue History
All data from Korn Ferry Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-01-31 | 1,910.64 | 92.56 | 243.10 | |
| 2018-10-31 | 1,883.72 | 74.97 | 240.43 | |
| 2018-07-31 | 1,831.53 | 64.93 | 241.37 | |
| 2018-04-30 | 1,767.22 | 132.35 | 237.39 | |
| 2018-01-31 | 1,697.92 | 118.30 | 235.32 | |
| 2017-10-31 | 1,632.26 | 115.03 | 233.62 | |
| 2017-07-31 | 1,591.15 | 109.01 | 230.35 | |
| 2017-04-30 | 1,565.52 | 83.42 | 226.23 | |
| 2017-01-31 | 1,559.42 | 62.56 | 216.66 | |
| 2016-10-31 | 1,521.66 | 23.05 | 217.24 | |
| 2016-07-31 | 1,400.34 | 10.94 | 207.67 | |
| 2016-04-30 | 1,292.11 | 30.63 | 213.02 | |
| 2016-01-31 | 1,163.87 | 50.08 | 181.53 | |
| 2015-10-31 | 1,069.26 | 88.22 | 160.46 | |
| 2015-07-31 | 1,044.36 | 95.82 | 152.24 | |
| 2015-04-30 | 1,028.15 | 87.50 | 145.92 | |
| 2015-01-31 | 1,008.15 | 83.45 | 149.14 | |
| 2014-10-31 | 1,000.79 | 82.45 | 150.09 | |
| 2014-07-31 | 983.05 | 75.81 | 149.54 | |
| 2014-04-30 | 960.30 | 72.69 | 152.04 | |
| 2014-01-31 | 936.49 | 63.68 | 152.04 | |
| 2013-10-31 | 896.31 | 51.86 | 148.18 | |
| 2013-07-31 | 854.57 | 34.29 | 145.70 | |
| 2013-04-30 | 812.83 | 33.29 | 139.67 | |
| 2013-01-31 | 783.02 | 33.12 | 137.02 | |
| 2012-10-31 | 766.96 | 35.36 | 136.67 | |
| 2012-07-31 | 770.87 | 49.31 | 139.74 | |
| 2012-04-30 | 790.51 | 54.30 | 141.07 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Korn Ferry has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Korn Ferry used its assets less efficiently than the US Professional Services industry average last year based on Return on Assets.
- Korn Ferry has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Korn Ferry's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Professional Services industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Korn Ferry has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
KFY Health
How is Korn Ferry's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Korn Ferry's finances.
The net worth of a company is the difference between its assets and liabilities.
- Korn Ferry is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Korn Ferry's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Debt is covered by short term assets, assets are 4.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Korn Ferry Company Filings, last reported 2 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-01-31 | 1,207.04 | 222.66 | 490.64 |
| 2018-10-31 | 1,176.60 | 224.63 | 387.68 |
| 2018-07-31 | 1,164.62 | 231.28 | 365.73 |
| 2018-04-30 | 1,219.62 | 236.22 | 522.92 |
| 2018-01-31 | 1,180.89 | 241.16 | 391.38 |
| 2017-10-31 | 1,134.72 | 246.40 | 282.63 |
| 2017-07-31 | 1,128.75 | 252.09 | 282.02 |
| 2017-04-30 | 1,087.05 | 256.92 | 410.88 |
| 2017-01-31 | 1,068.00 | 260.92 | 351.31 |
| 2016-10-31 | 1,054.14 | 265.85 | 250.03 |
| 2016-07-31 | 1,036.34 | 270.79 | 244.07 |
| 2016-04-30 | 1,047.30 | 140.00 | 273.25 |
| 2016-01-31 | 1,030.71 | 147.50 | 207.34 |
| 2015-10-31 | 839.45 | 0.00 | 272.75 |
| 2015-07-31 | 821.70 | 0.00 | 286.66 |
| 2015-04-30 | 815.25 | 0.00 | 394.02 |
| 2015-01-31 | 787.60 | 0.00 | 319.67 |
| 2014-10-31 | 786.64 | 0.00 | 262.42 |
| 2014-07-31 | 769.10 | 0.00 | 244.63 |
| 2014-04-30 | 755.54 | 0.00 | 338.77 |
| 2014-01-31 | 722.58 | 0.00 | 249.81 |
| 2013-10-31 | 703.83 | 0.00 | 184.68 |
| 2013-07-31 | 675.79 | 0.00 | 156.50 |
| 2013-04-30 | 664.47 | 0.00 | 239.88 |
| 2013-01-31 | 658.22 | 0.00 | 187.30 |
| 2012-10-31 | 642.58 | 0.00 | 218.68 |
| 2012-07-31 | 630.96 | 0.00 | 223.20 |
| 2012-04-30 | 629.48 | 0.00 | 315.33 |
- Korn Ferry's level of debt (18.4%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has increased over the past 5 years (0% vs 18.4% today).
- Debt is well covered by operating cash flow (117%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 23.8x coverage).
Financial health checks
We assess Korn Ferry's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Korn Ferry has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
KFY Dividends
What is Korn Ferry's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Korn Ferry
shares you are expected to receive
$17
in your first year as a dividend.
Dividend Amount
- Korn Ferry's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.39%).
- Korn Ferry's dividend is below the markets top 25% of dividend payers in United States of America (3.62%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 6 Analyst Estimates (S&P Global) | See Below |
| United States of America Professional Services Industry Average Dividend Yield | Market Cap Weighted Average of 20 Stocks | 1.5% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2009 Stocks | 2.4% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-04-30 | 0.40 | 1.00 |
| 2020-04-30 | 0.40 | 2.00 |
| 2019-04-30 | 0.41 | 2.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-03-11 | 0.400 | 0.861 |
| 2019-03-07 | 0.400 | 0.872 |
| 2018-12-07 | 0.400 | 0.902 |
| 2018-12-06 | 0.400 | 0.907 |
| 2018-09-07 | 0.400 | 0.852 |
| 2018-09-06 | 0.400 | 0.721 |
| 2018-03-06 | 0.400 | 0.689 |
| 2017-12-08 | 0.400 | 0.950 |
| 2017-12-06 | 0.400 | 0.955 |
| 2017-09-08 | 0.400 | 0.992 |
| 2017-09-06 | 0.400 | 1.153 |
| 2017-06-28 | 0.400 | 1.196 |
| 2017-06-20 | 0.400 | 1.157 |
| 2017-03-10 | 0.400 | 1.251 |
| 2017-03-06 | 0.400 | 1.296 |
| 2016-12-09 | 0.400 | 1.354 |
| 2016-12-07 | 0.400 | 1.330 |
| 2016-09-09 | 0.400 | 1.813 |
| 2016-09-08 | 0.400 | 1.709 |
| 2016-06-28 | 0.400 | 1.744 |
| 2016-06-15 | 0.400 | 1.836 |
| 2016-03-10 | 0.400 | 1.411 |
| 2016-03-09 | 0.400 | 1.493 |
| 2015-12-10 | 0.400 | 1.332 |
| 2015-12-09 | 0.400 | 1.108 |
| 2015-09-09 | 0.400 | 1.142 |
| 2015-09-08 | 0.400 | 1.157 |
| 2015-03-04 | 0.400 | 1.204 |
| 2014-12-10 | 0.400 | 1.365 |
| 2014-12-09 | 0.400 | 1.435 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Whilst dividend payments have been stable, Korn Ferry has been paying a dividend for less than 10 years.
- Korn Ferry has only been paying a dividend for 4 years, and since then there has been no growth.
Income/ dividend checks
We assess Korn Ferry's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Korn Ferry afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Korn Ferry has a total score of 2/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
KFY Management
CEO
| COMPENSATION | $8,643,293 |
| AGE | 57 |
| TENURE AS CEO | 11.8 years |
CEO Bio
Mr. Gary D. Burnison has been the President and Chief Executive Officer of Korn/Ferry International, holding company of The Whitehead Mann Partnership LLP and Korn/Ferry International Futurestep, Inc. since July 2007 and its Executive Director since June 5, 2007. Mr. Burnison served as the Chief Financial Officer and Executive Vice President of Korn/Ferry International from March 20, 2002 to June 30, 2007. He served as the Chief Operating Officer of Korn/Ferry International from October 2003 to June 30, 2007. He served as Treasurer of Korn/Ferry International since March 2002. Prior to Korn Ferry, Mr. Burnison served as Principal and Chief Financial Officer of Guidance Solutions from 1999 to 2001. He served as Senior Vice President of Strategic Planning, Treasurer and Corporate Development of Jefferies & Company, Inc., an investment bank and brokerage firm, from 1995 to 1999. Earlier, he was a partner at KPMG Peat Marwick from 1984 to 1995. He served as an executive officer and a Director of Jefferies and Company from 1995 to 1999. Mr. Burnison is a New York Times bestselling author. In 2011, he wrote No Fear of Failure: Real Stories of How Leaders Deal with Risk and Change – a book offering insightful conversations with some of the world’s top leaders in business, politics, education and philanthropy. In 2012, he authored The Twelve Absolutes of Leadership, which provides the inspiration and skills leaders need to spearhead positive change, improve the lives and careers of others and transform organizations. His latest book, LEAD, boils down leadership into very practical, easy to digest analogies, colorful stories, takeaways and ideas-for-action that will benefit anyone who seeks to lead or influence a group of people. He is also a regular contributor to CNBC, CNN, FOX Business and other international news outlets. He earned a bachelor’s degree in business administration from the University of Southern California and holds a honorary doctor of laws degree from Pepperdine University.
CEO Compensation
- Gary's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
- Gary's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Korn Ferry management team in years:
- The average tenure for the Korn Ferry management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Gary Burnison
President
$9M
57
11.8 yrs
Robert Rozek
Executive VP
$4M
57
7.2 yrs
Byrne Mulrooney
Chief Executive Officer of RPO
$3M
57
9 yrs
Mark Arian
Chief Executive Officer of Korn Ferry Hay Group
$2M
57
2 yrs
Navnit Singh
Chairman & Country Head of India
Steve Newhall
Managing Partner
Juerg-Herbert Baertschi
Vice President of Operations
Bryan Ackermann
Chief Information Officer and Senior Vice President
5.8 yrs
Gregg Kvochak
Senior Vice President of Finance
Stewart Goldman
Senior Client Partner and Global Co-Head Of Risk & Compliance
Board of Directors Tenure
Average tenure and age of the Korn Ferry board of directors in years:
- The tenure for the Korn Ferry board of directors is about average.
Board of Directors
Christina Gold
Non-Executive Chair of the Board
$207K
70
0.3 yrs
Gary Burnison
President
$9M
57
11.8 yrs
Stefan Steger
Country Chairman of Switzerland
Debra Perry
Independent Director
$217K
67
11.2 yrs
Jerry Leamon
Independent Director
$222K
67
6.4 yrs
Doyle Beneby
Independent Director
$199K
59
3.6 yrs
George Shaheen
Director
$333K
74
10.3 yrs
Bill Floyd
Independent Director
$211K
73
6.4 yrs
Angel Martinez
Independent Director
$218K
62
1.8 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 13. Jul 18 | Sell | Gary Burnison | Individual | 12. Jul 18 | 12. Jul 18 | -5,849 | $61.45 | $-359,396 | ||
| 13. Jul 18 | Sell | Gary Burnison | Individual | 11. Jul 18 | 13. Jul 18 | -20,951 | $64.83 | $-1,331,745 | ||
| 13. Jul 18 | Sell | Byrne Mulrooney | Individual | 13. Jul 18 | 13. Jul 18 | -1,607 | $65.07 | $-104,567 | ||
| 13. Jul 18 | Sell | Robert Rozek | Individual | 13. Jul 18 | 13. Jul 18 | -1,962 | $63.16 | $-123,923 | ||
| 11. Jul 18 | Sell | Robert Rozek | Individual | 09. Jul 18 | 10. Jul 18 | -19,302 | $65.00 | $-1,221,407 | ||
| 11. Jul 18 | Sell | Byrne Mulrooney | Individual | 10. Jul 18 | 10. Jul 18 | -17,152 | $64.88 | $-1,086,663 | ||
| 11. Jul 18 | Sell | Gary Burnison | Individual | 10. Jul 18 | 10. Jul 18 | -20,000 | $64.84 | $-1,266,964 | ||
| 30. Jun 18 | Sell | Debra Perry | Individual | 28. Jun 18 | 28. Jun 18 | -3,422 | $60.26 | $-206,211 | ||
Management checks
We assess Korn Ferry's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Korn Ferry has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
KFY News
Simply Wall St News
Are Investors Undervaluing Korn Ferry (NYSE:KFY) By 47%?
In this article we are going to estimate the intrinsic value of Korn Ferry (NYSE:KFY). … Remember though, that there are many ways to estimate a company's value, and a DCF is just one method. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model.
Simply Wall St - – Full articleIs Korn Ferry's (NYSE:KFY) High P/E Ratio A Problem For Investors?
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … We'll look at Korn Ferry's (NYSE:KFY) P/E ratio and reflect on what it tells us about the company's share price. … Looking at earnings over the last twelve months, Korn Ferry has a P/E ratio of 28.41.
Simply Wall St - – Full articleWhy We Like Korn Ferry’s (NYSE:KFY) 15% Return On Capital Employed
Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Return On Capital Employed (ROCE): What is it? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.
Simply Wall St - – Full articleCan Korn Ferry (NYSE:KFY) Improve Its Returns?
To keep the lesson grounded in practicality, we'll use ROE to better understand Korn Ferry (NYSE:KFY). … That means that for every $1 worth of shareholders' equity, it generated $0.080 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleIntroducing Korn Ferry, A Stock That Climbed 67% In The Last Three Years
One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … During the three years of share price growth, Korn Ferry actually saw its earnings per share (EPS) drop 8.8% per year. … It may well be that Korn Ferry revenue growth rate of 16% over three years has convinced shareholders to believe in a brighter future.
Simply Wall St - – Full articleWhat You Must Know About Korn Ferry's (NYSE:KFY) Financial Health
Small and large cap stocks are widely popular for a variety of reasons, however, mid-cap companies such as Korn Ferry (NYSE:KFY), with a market cap of US$2.8b, often get neglected by retail investors. … Let’s take a look at KFY’s debt concentration and assess their financial liquidity to get an idea of their ability to fund strategic acquisitions and grow through cyclical pressures. … Remember this is a very top-level look that focuses exclusively on financial health, so I recommend a deeper analysis.
Simply Wall St - – Full articleWhat Does Korn Ferry's (NYSE:KFY) Share Price Indicate?
Korn Ferry (NYSE:KFY), which is in the professional services business, and is based in United States,. … received a lot of attention from a substantial price increase on the NYSE over the last few months. … With many analysts covering the mid-cap stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price?
Simply Wall St - – Full articleDoes Korn Ferry's (NYSE:KFY) CEO Pay Reflect Performance?
Gary Burnison has been the CEO of Korn Ferry (NYSE:KFY) since 2007. … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Gary Burnison's Compensation Compare With Similar Sized Companies?
Simply Wall St - – Full articleDid Korn/Ferry International (NYSE:KFY) Insiders Sell Shares?
So we'll take a look at whether insiders have been buying or selling shares in Korn/Ferry International (NYSE:KFY). … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … It is certainly not great to see that insiders have sold shares in the company
Simply Wall St - – Full articleAn Intrinsic Calculation For Korn/Ferry International (NYSE:KFY) Shows It's 40.05% Undervalued
by estimating the company's future cash flows and discounting them to their present value. … Discounted Cash Flows (DCF). … If you are reading this and its not December 2018 then I highly recommend you check out the latest calculation for Korn/Ferry International by following the link below
Simply Wall St - – Full articleKFY Company Info
Description
Korn Ferry, together with its subsidiaries, provides talent management solutions worldwide. It operates through three segments: Executive Search, Hay Group, and Futurestep. The company provides executive search services to fill executive-level positions, such as board directors, chief executive officers, chief financial officers, chief operating officers, chief information officers, chief human resource officers, and other senior executive officers for clients in the consumer, financial services, industrial, life sciences/healthcare provider, technology, and educational/not-for-profit market sectors. It also offers talent strategy, succession management, and leadership development, as well as rewards, motivation, and engagement solutions to assist clients with their ongoing assessment, compensation, and development of senior executives and management teams. In addition, the company provides various talent acquisition process outsourcing, project recruitment, professional search, talent consulting and employer branding, and individual professional search and consulting services. It serves public and private companies, and middle market and emerging growth companies, as well as government and non-profit organizations. The company was formerly known as Korn/Ferry International and changed its name to Korn Ferry in January 2019. Korn Ferry was founded in 1969 and is based in Los Angeles, California.
Details
| Name: | Korn Ferry |
| KFY | |
| Exchange: | NYSE |
| Founded: | 1969 |
| $2,677,576,738 | |
| 56,429,436 | |
| Website: | http://www.kornferry.com |
| Address: |
Korn Ferry 1900 Avenue of the Stars, Suite 2600, Los Angeles, California, 90067, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | KFY | Common Stock | New York Stock Exchange | US | USD | 11. Feb 1999 | |
| DB | KFY | Common Stock | Deutsche Boerse AG | DE | EUR | 11. Feb 1999 |
Number of employees
Current staff
Industry
| Human Resource and Employment Services | |
| Commercial Services |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/21 23:37 |
| End of day share price update: | 2019/04/18 00:00 |
| Last estimates confirmation: | 2019/04/17 |
| Last earnings filing: | 2019/03/11 |
| Last earnings reported: | 2019/01/31 |
| Last annual earnings reported: | 2018/04/30 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
