NYSE:RHI

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Executive Summary

Robert Half International Inc. provides staffing and risk consulting services in North America, South America, Europe, Asia, and Australia.


Snowflake Analysis

Flawless balance sheet established dividend payer.


Similar Companies

Share Price & News

How has Robert Half International's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-1.6%

RHI

0.3%

US Professional Services

1.0%

US Market


1 Year Return

-14.9%

RHI

7.6%

US Professional Services

4.1%

US Market

Return vs Industry: RHI underperformed the US Professional Services industry which returned 7.6% over the past year.

Return vs Market: RHI underperformed the US Market which returned 4.1% over the past year.


Shareholder returns

RHIIndustryMarket
7 Day-1.6%0.3%1.0%
30 Day7.6%6.4%5.4%
90 Day-9.3%-10.0%-5.7%
1 Year-12.8%-14.9%8.5%7.6%6.5%4.1%
3 Year9.5%3.0%38.0%33.9%28.3%19.8%
5 Year-7.8%-16.7%54.5%46.4%52.2%35.0%

Price Volatility Vs. Market

How volatile is Robert Half International's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Robert Half International undervalued compared to its fair value and its price relative to the market?

33.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: RHI ($47.41) is trading below our estimate of fair value ($71)

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


Price To Earnings Ratio

PE vs Industry: RHI is good value based on its PE Ratio (12.5x) compared to the Professional Services industry average (17.5x).

PE vs Market: RHI is good value based on its PE Ratio (12.5x) compared to the US market (15.1x).


Price to Earnings Growth Ratio

PEG Ratio: RHI is poor value based on its PEG Ratio (1.6x)


Price to Book Ratio

PB vs Industry: RHI is overvalued based on its PB Ratio (4.7x) compared to the US Professional Services industry average (2.6x).


Next Steps

Future Growth

How is Robert Half International forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?

8.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: RHI's forecast earnings growth (8% per year) is above the savings rate (2.2%).

Earnings vs Market: RHI's earnings (8% per year) are forecast to grow slower than the US market (21.6% per year).

High Growth Earnings: RHI's earnings are forecast to grow, but not significantly.

Revenue vs Market: RHI's revenue (3.5% per year) is forecast to grow slower than the US market (8.9% per year).

High Growth Revenue: RHI's revenue (3.5% 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 RHI's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Robert Half International performed over the past 5 years?

6.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RHI has high quality earnings.

Growing Profit Margin: RHI's current net profit margins (7.1%) are lower than last year (7.6%).


Past Earnings Growth Analysis

Earnings Trend: RHI's earnings have grown by 6.3% per year over the past 5 years.

Accelerating Growth: RHI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: RHI had negative earnings growth (-3%) over the past year, making it difficult to compare to the Professional Services industry average (10.2%).


Return on Equity

High ROE: RHI's Return on Equity (38.5%) is considered high.


Next Steps

Financial Health

How is Robert Half International's financial position?


Financial Position Analysis

Short Term Liabilities: RHI's short term assets ($1.6B) exceed its short term liabilities ($913.4M).

Long Term Liabilities: RHI's short term assets ($1.6B) exceed its long term liabilities ($231.6M).


Debt to Equity History and Analysis

Debt Level: RHI's debt to equity ratio (0.04%) is considered satisfactory.

Reducing Debt: RHI's debt to equity ratio has reduced from 0.1% to 0.04% over the past 5 years.

Debt Coverage: RHI's debt is well covered by operating cash flow (128088.1%).

Interest Coverage: RHI earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Robert Half International's current dividend yield, its reliability and sustainability?

2.87%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: RHI's dividend (2.87%) is higher than the bottom 25% of dividend payers in the US market (1.75%).

High Dividend: RHI's dividend (2.87%) is low compared to the top 25% of dividend payers in the US market (4.73%).


Stability and Growth of Payments

Stable Dividend: RHI's dividends per share have been stable in the past 10 years.

Growing Dividend: RHI's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (33.5%), RHI's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: RHI's dividends in 3 years are forecast to be well covered by earnings (43.5% payout ratio).


Next Steps

Management

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

0.5yrs

Average management tenure


CEO

M. Waddell (62yo)

0.42

Tenure

US$7,433,592

Compensation

Mr. M. Keith Waddell serves as Chief Executive Officer of Robert Half International Inc., since December 15, 2019 and its President since February 2020. He has been a Director of Robert Half International  ...


CEO Compensation Analysis

Compensation vs Market: M.'s total compensation ($USD7.43M) is about average for companies of similar size in the US market ($USD7.43M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Harold Messmer
Executive Chairman32.33yrsUS$9.34m0.84% $45.1m
M. Waddell
President0.42yrUS$7.43m1.12% $60.0m
Michael Buckley
Executive VP & CFO0.42yrUS$2.60m0.15% $7.9m
Robert Glass
Executive Vice President of Corporate Development16.25yrsUS$2.02m0.24% $13.0m
Paul Gentzkow
President & CEO of Staffing Services16.25yrsUS$6.47m0.34% $18.4m
Kenneth Gitlin
Senior Vice President of Operational Supportno datano datano data
James Johnson
Senior VP & CTO0.50yrno datano data
Evelyn Crane-Oliver
Senior VPno datano datano data
Reesa Staten
Senior Vice President of Corporate Communicationsno datano datano data
Michelle Whitman
Senior VP & Chief Marketing Officerno datano datano data

0.5yrs

Average Tenure

62yo

Average Age

Experienced Management: RHI's management team is not considered experienced ( 0.5 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Harold Messmer
Executive Chairman32.33yrsUS$9.34m0.84% $45.1m
M. Waddell
President0.42yrUS$7.43m1.12% $60.0m
Frederick Richman
Lead Independent Directorno dataUS$366.08k0.045% $2.4m
Marc Morial
Independent Director4.17yrsUS$333.08k0.025% $1.3m
Dirk Kempthorne
Independent Director1.33yrsUS$319.33k0.0094% $504.9k
Robert Pace
Independent Director11.25yrsUS$333.08k0.086% $4.6m
Barbara Novogradac
Independent Director11yrsUS$348.08k0.12% $6.6m
Julia Suzanne Coronado
Independent Director1.17yrsUS$307.08k0.0094% $504.9k

11.0yrs

Average Tenure

61.5yo

Average Age

Experienced Board: RHI's board of directors are seasoned and experienced ( 11 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.


Ownership Breakdown

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


Top Shareholders

Company Information

Robert Half International Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Robert Half International Inc.
  • Ticker: RHI
  • Exchange: NYSE
  • Founded: 1948
  • Industry: Human Resource and Employment Services
  • Sector: Commercial Services
  • Market Cap: US$5.348b
  • Shares outstanding: 112.81m
  • Website: https://www.roberthalf.com

Number of Employees


Location

  • Robert Half International Inc.
  • 2884 Sand Hill Road
  • Menlo Park
  • California
  • 94025
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RHINYSE (New York Stock Exchange)YesCommon StockUSUSDJan 1969
RHJDB (Deutsche Boerse AG)YesCommon StockDEEURJan 1969
0KX9LSE (London Stock Exchange)YesCommon StockGBUSDJan 1969
R1HI34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH 1 REPR 1 COMBRBRLJan 2020

Biography

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 services 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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/26 16:30
End of Day Share Price2020/05/22 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.