Stock Analysis Report

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Executive Summary

Korn Ferry, together with its subsidiaries, provides talent management solutions worldwide.

Snowflake Analysis

Undervalued with solid track record.

Similar Companies

Share Price & News

How has Korn Ferry's share price performed over time and what events caused price changes?

Latest Share Price and Events

Stable Share Price: KFY's share price has been volatile over the past 3 months.

Market Performance

7 Day Return




US Professional Services


US Market

1 Year Return




US Professional Services


US Market

Return vs Industry: KFY underperformed the US Professional Services industry which returned 13.2% over the past year.

Return vs Market: KFY underperformed the US Market which returned 8.5% over the past year.

Shareholder returns

7 Day1.8%4.4%2.4%
30 Day16.0%11.2%10.2%
90 Day-8.1%-0.03%3.4%
1 Year-26.8%-27.6%15.5%14.6%11.6%9.2%
3 Year0.3%-2.7%49.2%44.8%33.7%24.9%
5 Year3.9%-1.9%65.5%56.8%59.7%41.8%

Price Volatility Vs. Market

How volatile is Korn Ferry's share price compared to the market and industry in the last 5 years?

Simply Wall St News


Is Korn Ferry undervalued compared to its fair value and its price relative to the market?


Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: KFY ($32.14) is trading below our estimate of fair value ($44.07)

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

Price To Earnings Ratio

PE vs Industry: KFY is good value based on its PE Ratio (11.4x) compared to the Professional Services industry average (18.6x).

PE vs Market: KFY is good value based on its PE Ratio (11.4x) compared to the US market (15.8x).

Price to Earnings Growth Ratio

PEG Ratio: KFY's earnings are forecast to decline next year, so we can't calculate its PEG ratio.

Price to Book Ratio

PB vs Industry: KFY is good value based on its PB Ratio (1.4x) compared to the US Professional Services industry average (2.8x).

Next Steps

Future Growth

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


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: KFY's earnings are forecast to decline over the next 3 years (-4.3% per year).

Earnings vs Market: KFY's earnings are forecast to decline over the next 3 years (-4.3% per year).

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

Revenue vs Market: KFY's revenue is expected to decline over the next 3 years (-4% per year).

High Growth Revenue: KFY's revenue is forecast to decline over the next 3 years (-4% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: KFY's Return on Equity is forecast to be low in 3 years time (7.9%).

Next Steps

Past Performance

How has Korn Ferry performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: KFY has high quality earnings.

Growing Profit Margin: KFY's current net profit margins (7.8%) are higher than last year (4.8%).

Past Earnings Growth Analysis

Earnings Trend: KFY's earnings have grown by 19.6% per year over the past 5 years.

Accelerating Growth: KFY's earnings growth over the past year (66.8%) exceeds its 5-year average (19.6% per year).

Earnings vs Industry: KFY earnings growth over the past year (66.8%) exceeded the Professional Services industry 10.2%.

Return on Equity

High ROE: KFY's Return on Equity (12.4%) is considered low.

Next Steps

Financial Health

How is Korn Ferry's financial position?

Financial Position Analysis

Short Term Liabilities: KFY's short term assets ($1.2B) exceed its short term liabilities ($560.4M).

Long Term Liabilities: KFY's short term assets ($1.2B) exceed its long term liabilities ($901.6M).

Debt to Equity History and Analysis

Debt Level: KFY's debt to equity ratio (30.8%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if KFY's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: KFY's debt is well covered by operating cash flow (54.6%).

Interest Coverage: KFY's interest payments on its debt are well covered by EBIT (16.8x coverage).

Balance Sheet

Next Steps


What is Korn Ferry's current dividend yield, its reliability and sustainability?


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: KFY's dividend (1.24%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.67%).

High Dividend: KFY's dividend (1.24%) is low compared to the top 25% of dividend payers in the US market (4.48%).

Stability and Growth of Payments

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

Growing Dividend: KFY has only been paying a dividend for 5 years, and since then payments have not increased.

Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (14.2%), KFY's dividend payments are thoroughly covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: KFY's dividends in 3 years are forecast to be well covered by earnings (19% payout ratio).

Next Steps


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


Average management tenure


Gary Burnison (58yo)





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. sinc ...

CEO Compensation Analysis

Compensation vs Market: Gary's total compensation ($USD9.22M) is above average for companies of similar size in the US market ($USD4.77M).

Compensation vs Earnings: Gary's compensation has been consistent with company performance over the past year.

Leadership Team

Gary Burnison
President12.92yrsUS$9.22m0.57% $10.0m
Robert Rozek
Executive VP8.33yrsUS$4.44m0.27% $4.8m
Mark Arian
Chief Executive Officer of Advisoryno dataUS$2.56m0.030% $523.8k
Byrne Mulrooney
Chief Executive Officer of RPO10.17yrsUS$3.43m0.21% $3.6m
Navnit Singh
Chairman & Country Head of Indiano datano datano data
Steve Newhall
Managing Partnerno datano datano data
Juerg-Herbert Baertschi
Vice President of Operationsno datano datano data
Bryan Ackermann
Chief Information Officer and Senior Vice President7yrsno datano data
Gregg Kvochak
Senior Vice President of Financeno datano datano data
Stewart Goldman
Senior Client Partner and Global Co-Head Of Risk & Complianceno datano datano data


Average Tenure


Average Age

Experienced Management: KFY's management team is seasoned and experienced (9.3 years average tenure).

Board Members

Gary Burnison
President12.92yrsUS$9.22m0.57% $10.0m
George Shaheen
Director0.17yrUS$333.94k0.087% $1.5m
Angel Martinez
Independent Director2.92yrsUS$200.98k0.014% $239.7k
Debra Perry
Independent Director12.33yrsUS$215.98k0.046% $818.2k
Christina Gold
Independent Non-Executive Chairman of the Board1.42yrsUS$205.98k0.035% $621.7k
Doyle Beneby
Independent Director4.75yrsUS$200.45kno data
Stefan Steger
Country Chairman of Switzerlandno datano datano data
Jerry Leamon
Independent Director7.58yrsUS$220.98k0.032% $563.5k
Lori Robinson
Independent Director0.67yrno datano data


Average Tenure


Average Age

Experienced Board: KFY's board of directors are considered experienced (3.8 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: KFY 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

Korn Ferry's company bio, employee growth, exchange listings and data sources

Key Information

  • Name: Korn Ferry
  • Ticker: KFY
  • Exchange: NYSE
  • Founded: 1969
  • Industry: Human Resource and Employment Services
  • Sector: Commercial Services
  • Market Cap: US$1.769b
  • Shares outstanding: 55.04m
  • Website: https://www.kornferry.com

Number of Employees


  • Korn Ferry
  • 1900 Avenue of the Stars
  • Suite 2600
  • Los Angeles
  • California
  • 90067
  • United States


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KFYNYSE (New York Stock Exchange)YesCommon StockUSUSDFeb 1999
KFYDB (Deutsche Boerse AG)YesCommon StockDEEURFeb 1999


Korn Ferry, together with its subsidiaries, provides talent management solutions worldwide. It operates through three segments: Executive Search, Advisory, and RPO (Recruitment Process Outsourcing) & Professional Search. 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 industrial, financial services, life sciences/healthcare provider, consumer, technology, and educational/not-for-profit market sectors. It also offers organizational strategy, assessment and succession, and leadership development, as well as rewards and benefits to assist clients. In addition, the company provides RPO, project recruitment, 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. 

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/04 02:07
End of Day Share Price2020/06/03 00:00
Annual Earnings2019/04/30

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.