Robert Half International
Robert Half International Inc. provides staffing and risk consulting services in North America, South America, Europe, Asia, and Australia. The last earnings update was 3 days ago. More info.
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RHI Share Price and Events
7 Day Returns
1 Year Returns
RHI Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Robert Half International (RHI) | 3.5% | 10% | 13.8% | 19.2% | 71% | 66.5% |
| US Professional Services | 3.3% | 10.5% | 4.4% | 8.3% | 40.2% | 40.9% |
| US Market | 1.2% | 6.6% | 1.2% | 0.9% | 44.3% | 41.3% |
1 Year Return vs Industry and Market
- RHI outperformed the Professional Services industry which returned 8.3% over the past year.
- RHI outperformed the Market in United States of America which returned 0.9% over the past year.
Value
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
Robert Half International
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 Robert Half International.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 11 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 9.6% |
| 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 | 7.3% |
| Professional Services Unlevered Beta | Simply Wall St/ S&P Global | 0.94 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.943 (1 + (1- 21%) (0.01%)) |
0.943 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.94 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.943 * 7.27%) |
9.59% |
Discounted Cash Flow Calculation for NYSE:RHI using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Robert Half International is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.
| 2019 | 2020 | 2021 | 2022 | 2023 | |
| Levered FCF (USD, Millions) | 522.25 | 563.67 | 592.51 | 622.83 | 654.70 |
| Source | Analyst x4 | Analyst x3 | Est @ 5.12% | Est @ 5.12% | Est @ 5.12% |
|
Present Value Discounted (@ 9.59%) |
476.56 | 469.36 | 450.21 | 431.85 | 414.23 |
| Present value of next 5 years cash flows | $2,242.21 |
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2023
× (1 + g) ÷ (Discount Rate – g)
= $654.70 × (1 + 2.73%) ÷ (9.59% – 2.73%) |
$9,808.45 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)5
= $9,808.45 ÷ (1 + 9.59%)5 |
$6,205.88 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 5 years cash flows +
Terminal Value
= $2,242.21 + $6,205.88 |
$8,448.10 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $8,448.10 / 119.08 |
$70.95 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $70.95 |
| Current discount | Discount to share price of
$66.98
= -1 x ($66.98 - $70.95) / $70.95 |
5.6% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Robert Half International's share price is below the future cash flow value, but not at a moderate discount (< 20%).
- Robert Half International's share price is below the future cash flow value, but not 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 Robert Half International's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Robert Half International'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 (2018-12-31) in USD | $3.60 |
| NYSE:RHI Share Price ** | NYSE (2019-02-15) in USD | $66.98 |
| United States of America Professional Services Industry PE Ratio | Median Figure of 33 Publicly-Listed Professional Services Companies | 25.41x |
| United States of America Market PE Ratio | Median Figure of 3,045 Publicly-Listed Companies | 16.97x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Robert Half International.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:RHI Share Price ÷ EPS (both in USD) = 66.98 ÷ 3.60 |
18.59x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Robert Half International is good value based on earnings compared to the US Professional Services industry average.
- Robert Half International is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Robert Half International's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 18.59x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts |
8.5%per year |
| United States of America Professional Services Industry PEG Ratio | Median Figure of 32 Publicly-Listed Professional Services Companies | 1.07x |
| United States of America Market PEG Ratio | Median Figure of 2,115 Publicly-Listed Companies | 1.36x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 18.59x ÷ 8.5% |
2.18x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Robert Half International is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Robert Half International's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in USD | $8.93 |
| NYSE:RHI Share Price * | NYSE (2019-02-15) in USD | $66.98 |
| United States of America Professional Services Industry PB Ratio | Median Figure of 56 Publicly-Listed Professional Services Companies | 2.19x |
| United States of America Market PB Ratio | Median Figure of 5,122 Publicly-Listed Companies | 1.82x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:RHI Share Price ÷ Book Value per Share (both in USD) = 66.98 ÷ 8.93 |
7.5x |
* Primary Listing of Robert Half International.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Robert Half International is overvalued based on assets compared to the US Professional Services industry average.
Value checks
We assess Robert Half International'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) Robert Half International has a total score of 1/6, 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.
Future Performance
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
- Robert Half International's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Robert Half International's earnings growth is positive but not above the United States of America market average.
- Robert Half International'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:RHI Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts | 8.5% |
| NYSE:RHI Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts | 5.5% |
| United States of America Professional Services Industry Earnings Growth Rate | Market Cap Weighted Average | 18.4% |
| United States of America Professional Services Industry Revenue Growth Rate | Market Cap Weighted Average | 6.8% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.3% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*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 (1 month ago) | See Below |
| Future Estimates | Average of up to 11 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 6,741 | 2 | ||
| 2020-12-31 | 6,537 | 623 | 516 | 11 |
| 2019-12-31 | 6,187 | 612 | 481 | 11 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 5,800 | 572 | 434 |
| 2018-09-30 | 5,665 | 514 | 368 |
| 2018-06-30 | 5,523 | 459 | 337 |
| 2018-03-31 | 5,375 | 446 | 308 |
| 2017-12-31 | 5,267 | 453 | 291 |
| 2017-09-30 | 5,186 | 470 | 321 |
| 2017-06-30 | 5,199 | 493 | 327 |
| 2017-03-31 | 5,235 | 487 | 338 |
| 2016-12-31 | 5,250 | 442 | 343 |
| 2016-09-30 | 5,290 | 478 | 359 |
| 2016-06-30 | 5,264 | 419 | 365 |
| 2016-03-31 | 5,192 | 432 | 363 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 11 Analyst Estimates (S&P Global) | See Below |
All data from Robert Half International Company Filings, last reported 1 month 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 |
|---|---|---|---|---|
| 2021-12-31 | ||||
| 2020-12-31 | 4.42 | 4.80 | 4.17 | 8.00 |
| 2019-12-31 | 4.08 | 4.23 | 3.98 | 8.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-31 | 3.60 |
| 2018-09-30 | 3.03 |
| 2018-06-30 | 2.75 |
| 2018-03-31 | 2.50 |
| 2017-12-31 | 2.34 |
| 2017-09-30 | 2.57 |
| 2017-06-30 | 2.60 |
| 2017-03-31 | 2.66 |
| 2016-12-31 | 2.68 |
| 2016-09-30 | 2.79 |
| 2016-06-30 | 2.81 |
| 2016-03-31 | 2.78 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Robert Half International is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
Future performance checks
We assess Robert Half International'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)
Robert Half International has a total score of 2/6, 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.
Past Performance
How has Robert Half International 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
- Robert Half International's year on year earnings growth rate has been positive over the past 5 years.
- Robert Half International's 1-year earnings growth exceeds its 5-year average (49.5% vs 5.2%)
- Robert Half International's earnings growth has exceeded the US Professional Services industry average in the past year (49.5% vs 43.5%).
Earnings and Revenue History
All data from Robert Half International Company Filings, last reported 1 month 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 |
|---|---|---|---|---|
| 2018-12-31 | 5,800.27 | 434.29 | 1,821.09 | |
| 2018-09-30 | 5,664.90 | 367.77 | 1,779.32 | |
| 2018-06-30 | 5,523.38 | 337.23 | 1,734.17 | |
| 2018-03-31 | 5,374.75 | 308.23 | 1,684.28 | |
| 2017-12-31 | 5,266.79 | 290.58 | 1,646.53 | |
| 2017-09-30 | 5,185.58 | 321.33 | 1,616.65 | |
| 2017-06-30 | 5,199.41 | 327.19 | 1,608.62 | |
| 2017-03-31 | 5,235.14 | 338.49 | 1,608.39 | |
| 2016-12-31 | 5,250.40 | 343.39 | 1,606.22 | |
| 2016-09-30 | 5,289.92 | 359.04 | 1,607.44 | |
| 2016-06-30 | 5,264.10 | 365.20 | 1,592.03 | |
| 2016-03-31 | 5,192.00 | 363.29 | 1,565.89 | |
| 2015-12-31 | 5,094.93 | 357.80 | 1,533.80 | |
| 2015-09-30 | 5,011.79 | 348.41 | 1,505.67 | |
| 2015-06-30 | 4,923.38 | 336.87 | 1,481.90 | |
| 2015-03-31 | 4,816.24 | 322.30 | 1,455.33 | |
| 2014-12-31 | 4,695.01 | 305.93 | 1,425.73 | |
| 2014-09-30 | 4,557.43 | 288.76 | 1,397.30 | |
| 2014-06-30 | 4,408.24 | 269.94 | 1,363.89 | |
| 2014-03-31 | 4,306.55 | 257.88 | 1,340.42 | |
| 2013-12-31 | 4,245.90 | 252.19 | 1,324.82 | |
| 2013-09-30 | 4,196.24 | 243.62 | 1,304.97 | |
| 2013-06-30 | 4,154.30 | 234.64 | 1,292.43 | |
| 2013-03-31 | 4,119.45 | 216.65 | 1,285.38 | |
| 2012-12-31 | 4,111.21 | 208.86 | 1,286.61 | |
| 2012-09-30 | 4,050.47 | 192.58 | 1,282.79 | |
| 2012-06-30 | 4,001.97 | 178.74 | 1,281.58 | |
| 2012-03-31 | 3,911.55 | 169.54 | 1,268.52 |
*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.
- Robert Half International made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
- Robert Half International used its assets more efficiently than the US Professional Services industry average last year based on Return on Assets.
- Robert Half International's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Robert Half International'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)
Robert Half International has a total score of 5/6, 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.
Health
How is Robert Half International'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 Robert Half International's finances.
The net worth of a company is the difference between its assets and liabilities.
- Robert Half International is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Robert Half International'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 2242.9x 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 Robert Half International Company Filings, last reported 1 month ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 1,063.20 | 0.66 | 276.58 |
| 2018-09-30 | 1,119.24 | 0.70 | 361.74 |
| 2018-06-30 | 1,109.50 | 0.75 | 308.66 |
| 2018-03-31 | 1,114.80 | 0.80 | 291.99 |
| 2017-12-31 | 1,105.27 | 0.84 | 294.75 |
| 2017-09-30 | 1,139.82 | 0.88 | 348.34 |
| 2017-06-30 | 1,104.38 | 0.93 | 297.80 |
| 2017-03-31 | 1,080.94 | 0.97 | 260.14 |
| 2016-12-31 | 1,086.60 | 1.01 | 260.20 |
| 2016-09-30 | 1,094.93 | 1.05 | 292.45 |
| 2016-06-30 | 1,069.51 | 1.09 | 238.71 |
| 2016-03-31 | 1,044.95 | 1.12 | 214.12 |
| 2015-12-31 | 1,003.78 | 1.16 | 224.58 |
| 2015-09-30 | 1,006.48 | 1.20 | 251.82 |
| 2015-06-30 | 1,014.68 | 1.23 | 313.13 |
| 2015-03-31 | 984.62 | 1.27 | 260.89 |
| 2014-12-31 | 979.86 | 1.30 | 287.12 |
| 2014-09-30 | 972.58 | 1.33 | 290.88 |
| 2014-06-30 | 975.56 | 1.37 | 307.78 |
| 2014-03-31 | 932.15 | 1.40 | 267.74 |
| 2013-12-31 | 919.64 | 1.43 | 275.76 |
| 2013-09-30 | 898.78 | 1.46 | 279.75 |
| 2013-06-30 | 861.75 | 1.49 | 246.97 |
| 2013-03-31 | 854.52 | 3.21 | 225.35 |
| 2012-12-31 | 842.01 | 1.55 | 287.64 |
| 2012-09-30 | 835.87 | 1.58 | 289.43 |
| 2012-06-30 | 809.36 | 1.60 | 258.58 |
| 2012-03-31 | 815.68 | 1.63 | 244.45 |
- Robert Half International's level of debt (0.1%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (0.2% vs 0.1% today).
- Debt is well covered by operating cash flow (87111.4%, greater than 20% of total debt).
- Robert Half International earns more interest than it pays, coverage of interest payments is not a concern.
Financial health checks
We assess Robert Half International'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) Robert Half International has a total score of 6/6, 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.
Dividends
What is Robert Half International'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
Robert Half International
shares you are expected to receive
$37
in your first year as a dividend.
Dividend Amount
- Robert Half International's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
- Robert Half International's dividend is below the markets top 25% of dividend payers in United States of America (3.59%).
Upcoming dividend payment
Purchase Robert Half International on or before the 'Buy Limit' to receive their next dividend payment.
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 11 Analyst Estimates (S&P Global) | See Below |
| United States of America Professional Services Industry Average Dividend Yield | Market Cap Weighted Average of 20 Stocks | 1.8% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 1998 Stocks | 2.5% |
| 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 |
|---|---|---|
| 2021-12-31 | 0.96 | 2.00 |
| 2020-12-31 | 1.24 | 6.00 |
| 2019-12-31 | 1.22 | 6.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-12 | 1.240 | 1.872 |
| 2018-10-30 | 1.120 | 1.869 |
| 2018-07-31 | 1.120 | 1.577 |
| 2018-05-01 | 1.120 | 1.684 |
| 2018-02-13 | 1.120 | 1.918 |
| 2017-10-31 | 0.960 | 1.741 |
| 2017-08-01 | 0.960 | 2.038 |
| 2017-05-03 | 0.960 | 2.031 |
| 2017-02-08 | 0.960 | 2.029 |
| 2016-11-01 | 0.880 | 1.904 |
| 2016-08-02 | 0.880 | 2.328 |
| 2016-05-04 | 0.880 | 2.252 |
| 2016-02-11 | 0.880 | 2.094 |
| 2015-10-30 | 0.800 | 1.726 |
| 2015-07-30 | 0.800 | 1.520 |
| 2015-04-30 | 0.800 | 1.426 |
| 2015-02-11 | 0.800 | 1.328 |
| 2014-10-29 | 0.720 | 1.253 |
| 2014-07-29 | 0.720 | 1.453 |
| 2014-05-06 | 0.720 | 1.532 |
| 2014-02-11 | 0.720 | 1.724 |
| 2013-10-30 | 0.640 | 1.603 |
| 2013-07-30 | 0.640 | 1.669 |
| 2013-05-02 | 0.640 | 1.871 |
| 2013-02-12 | 0.640 | 1.805 |
| 2012-11-08 | 0.600 | 1.942 |
| 2012-08-01 | 0.600 | 2.226 |
| 2012-05-02 | 0.600 | 2.125 |
| 2012-02-08 | 0.600 | 2.030 |
| 2011-11-02 | 0.560 | 2.035 |
| 2011-07-27 | 0.560 | 2.405 |
| 2011-05-04 | 0.560 | 2.073 |
| 2011-02-09 | 0.560 | 1.814 |
| 2010-11-03 | 0.520 | 1.716 |
| 2010-07-28 | 0.520 | 2.085 |
| 2010-05-06 | 0.520 | 2.081 |
| 2010-04-27 | 0.520 | 1.867 |
| 2009-10-27 | 0.480 | 1.758 |
| 2009-07-28 | 0.480 | 1.847 |
| 2009-05-05 | 0.480 | 2.136 |
| 2009-02-19 | 0.480 | 2.636 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
Robert Half International's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are well covered by earnings (3.2x coverage).
- Dividends after 3 years are expected to be well covered by earnings (4.5x coverage).
Income/ dividend checks
We assess Robert Half International'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 Robert Half International afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Robert Half International has a total score of 5/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | $8,799,147 |
| AGE | 72 |
| TENURE AS CEO | 32.1 years |
CEO Bio
Mr. Harold Max Messmer, Jr., serves as the Chairman and Chief Executive Officer at Robert Half Ltd., Robert Half Australia Pty Limited, OfficeTeam, Inc. and Robert Half Technology, Inc. Mr. Messmer serves as the Chairman and Chief Executive Officer of Robert Half Management Resources, Inc. He has been the Chief Executive Officer of Robert Half International Inc. since 1987 and has been its Chairman of the Board since 1988. He serves as the Chairman and Chief Executive Officer of Accountemps, Inc., a division of RHI Inc. He served as the President of Robert Half International from 1985 to February 2004. He served as the Chief Executive Officer of Cannon Mills Company from 1982 to 1985. He was a Partner of the law firm of O'Melveny & Myers. He served as the President of Pacific Holding Corporation. He has been a Director of Robert Half International Inc. since 1982. He serves as a Director of Spieker Properties LP and Airborne Freight Corporation. Mr. Messmer serves as a Director of Health Care Property Investors, Inc. He serves as a Director of Pacific Enterprises and its subsidiary, Southern California Gas Company. He serves as Trustee of Eisenhower Medical Center, Inc. He serves as a Member of the Executive Council of the Medical Center of UCSF (University of California San Francisco) and serves on the Board of Governors of the UCSF Foundation. He served as a Director of Airborne Inc., since 1989, HCP Inc. from 1985 to April 2011, First Interstate BanCorp. since October 1995 and Spieker Properties Inc. since December 1993. He served as a Director of Castle & Cooke. He is a graduate of Loyola University and the New York University School of Law.
CEO Compensation
- Max's compensation has been consistent with company performance over the past year.
- Max'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 Robert Half International management team in years:
- The average tenure for the Robert Half International management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Max Messmer
Chairman of the Board & CEO
$9M
72
32.1 yrs
M. Waddell
Vice Chairman of the Board
$7M
61
15 yrs
Michael Buckley
Executive VP
$2M
52
12 yrs
Robert Glass
Executive Vice President of Corporate Development
$2M
59
15 yrs
Paul Gentzkow
President & COO of Staffing Services
$6M
62
19.1 yrs
M. Perry
Chief Information Officer & Senior VP
Evelyn Crane-Oliver
Senior VP
Reesa Staten
Senior Vice President of Corporate Communications
Michelle Whitman
Senior Vice President of Marketing
Lynne Smith
Senior Vice President of Human Resources & Compensation
1.9 yrs
Board of Directors Tenure
Average tenure and age of the Robert Half International board of directors in years:
- The tenure for the Robert Half International board of directors is about average.
Board of Directors
Max Messmer
Chairman of the Board & CEO
$9M
72
31.1 yrs
M. Waddell
Vice Chairman of the Board
$7M
61
20.1 yrs
Frederick Richman
Lead Director
$356K
72
Barbara Novogradac
Director
$346K
57
9.8 yrs
Robert Pace
Director
$338K
55
10 yrs
Marc Morial
Director
$330K
60
2.9 yrs
Dirk Kempthorne
Director
66
0.1 yrs
Who owns this company?
Recent Insider Trading
- Robert Half International insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 13. Feb 19 | Sell | Paul Gentzkow | Individual | 13. Feb 19 | 13. Feb 19 | -75,000 | $66.17 | $-4,962,608 | ||
| 15. Aug 18 | Sell | Robert Glass | Individual | 15. Aug 18 | 15. Aug 18 | -40,000 | $77.50 | $-3,100,020 | ||
| 11. May 18 | Sell | Frederick Richman | Individual | 09. May 18 | 09. May 18 | -3,964 | $62.74 | $-248,701 | ||
| 11. May 18 | Sell | Michael Buckley | Individual | 09. May 18 | 09. May 18 | -10,000 | $63.00 | $-629,969 | ||
| 02. May 18 | Sell | Harold Messmer | Individual | 30. Apr 18 | 30. Apr 18 | -100,000 | $61.07 | $-6,106,700 | ||
| 27. Apr 18 | Sell | M. Waddell | Individual | 27. Apr 18 | 27. Apr 18 | -100,000 | $60.67 | $-6,067,430 | ||
| 23. Feb 18 | Sell | Harold Messmer | Individual | 21. Feb 18 | 21. Feb 18 | -100,000 | $58.06 | $-5,806,150 | ||
| 23. Feb 18 | Sell | Michael Buckley | Individual | 21. Feb 18 | 21. Feb 18 | -10,000 | $57.84 | $-578,409 | ||
Management checks
We assess Robert Half International'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) Robert Half International 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.
News
Simply Wall St News
Should You Be Excited About Robert Half International Inc.'s (NYSE:RHI) 39% Return On Equity?
To keep the lesson grounded in practicality, we'll use ROE to better understand Robert Half International Inc. … One way to conceptualize this, is that for each $1 of shareholders' equity it has, the company made $0.39 in profit. … View our latest analysis for Robert Half International?
Simply Wall St - – Full articleDoes Robert Half International Inc.'s (NYSE:RHI) CEO Salary Reflect Performance?
In 1987 Max Messmer was appointed CEO of Robert Half International Inc. … First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Max Messmer's Compensation Compare With Similar Sized Companies?
Simply Wall St - – Full articleHere's What Robert Half International Inc.'s (NYSE:RHI) P/E Ratio Is Telling Us
To keep it practical, we'll show how Robert Half International Inc.'s (NYSE:RHI) P/E ratio could help you assess the value on offer. … Based on the last twelve months, Robert Half International's P/E ratio is 19.27. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleAn Examination Of Robert Half International Inc. (NYSE:RHI)
(NYSE:RHI) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … In the case of RHI, it
Simply Wall St - – Full articleNeed To Know: Robert Half International Inc. (NYSE:RHI) Insiders Have Been Selling Shares
So we'll take a look at whether insiders have been buying or selling shares in Robert Half International Inc. … Robert Half International Insider Transactions Over The Last Year. … All up, insiders sold more shares in Robert Half International than they bought, over the last year
Simply Wall St - – Full articleRobert Half International Inc (NYSE:RHI): A Look At Return On Capital
Therefore, looking at how efficiently Robert Half International is able to use capital to create earnings will help us understand your potential return. … Investors use many different metrics but the analysis below focuses on return on capital employed (ROCE). … See our latest analysis for Robert Half International
Simply Wall St - – Full articleRobert Half International Inc (NYSE:RHI): 4 Days To Buy Before The Ex-Dividend Date
On the 14 December 2018, Robert Half International Inc (NYSE:RHI) will be paying shareholders an upcoming dividend amount of US$0.28 per share. … Investors looking for higher income-generating stocks to add to their portfolio should keep reading, as I examine Robert Half International's latest financial data to analyse its dividend characteristics. … Based on future earnings growth, will it be able to continue to payout dividend at the current rate
Simply Wall St - – Full articleOne Factor To Consider Before Investing In Robert Half International Inc (NYSE:RHI)
Robert Half International Inc (NYSE:RHI) shareholders, and potential investors, need to understand how much cash the business makes from its core operational activities, as well as how much is invested back into the business. … I’ve analysed below, the health and outlook of Robert Half International’s cash flow, which will help you understand the stock from a cash standpoint. … Is Robert Half International generating enough cash.
Simply Wall St - – Full articleIs Robert Half International Inc's (NYSE:RHI) CEO Incentives Align With Yours?
Max Messmer has been the CEO of Robert Half International Inc (NYSE:RHI) since 1987. … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … At the time of writing our data says that Robert Half International Inc has a market cap of US$7.0b, and is paying total annual CEO compensation of US$9m.
Simply Wall St - – Full articleWith An ROE Of 30%, Has Robert Half International Inc's (NYSE:RHI) Management Done Well?
By way of learning-by-doing, we'll look at ROE to gain a better understanding Robert Half International Inc (NYSE:RHI). … Robert Half International has a ROE of 30%, based on the last twelve months. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleCompany Info
Map
Description
Robert Half International Inc. provides staffing and risk consulting services in North America, South America, Europe, Asia, and Australia. The company operates through three segments: Temporary and Consultant Staffing, Permanent Placement Staffing, and Risk Consulting and Internal Audit Services. It places temporary personnel for accounting, finance, and bookkeeping; temporary and full-time office and administrative personnel consisting of executive and administrative assistants, receptionists, and customer service representatives; full-time accounting, financial, tax, and accounting operations personnel; and information technology contract consultants and full-time employees in the areas of platform systems integration to end-user technical and desktop support, including specialists in application development, networking, systems integration and deployment, database design and administration, and security and business continuity. The company also offers temporary and full-time employees in attorney, paralegal, legal administrative, and legal secretarial positions; and senior level project professionals in the accounting and finance fields for financial systems conversions, expansion into new markets, business process reengineering, business systems performance improvement, and post-merger financial consolidation. In addition, it is involved in serving professionals in the areas of interactive media, design, marketing, advertising, and public relations; and placing freelance and project consultants in various positions, such as creative directors, graphics designers, Web content developers, Web designers, media buyers, brand managers, and public relations specialists. Further, the company provides business and technology risk consulting, and internal audit services. It serves clients and employment candidates. Robert Half International Inc. was founded in 1948 and is headquartered in Menlo Park, California.
Details
| Name: | Robert Half International Inc. |
| RHI | |
| Exchange: | NYSE |
| Founded: | 1948 |
| $7,975,739,884 | |
| 119,076,439 | |
| Website: | http://www.roberthalf.com |
| Address: |
Robert Half International Inc. 2884 Sand Hill Road, Menlo Park, California, 94025, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | RHI | Common Stock | New York Stock Exchange | US | USD | 02. Jan 1969 | |
| DB | RHJ | Common Stock | Deutsche Boerse AG | DE | EUR | 02. Jan 1969 | |
| LSE | 0KX9 | Common Stock | London Stock Exchange | GB | USD | 02. Jan 1969 |
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: | 2019/02/18 01:34 |
| End of day share price update: | 2019/02/15 00:00 |
| Last estimates confirmation: | 2019/02/03 |
| Last earnings filing: | 2019/02/15 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
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.
