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Robert Half International

NYSE:RHI
Snowflake Description

Flawless balance sheet with solid track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RHI
NYSE
$7B
Market Cap
  1. Home
  2. US
  3. Commercial Services
Company description

Robert Half International Inc. provides staffing and risk consulting services in North America, South America, Europe, Asia, and Australia. The last earnings update was 79 days ago. More info.


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RHI Share Price and Events
7 Day Returns
0.9%
NYSE:RHI
0.1%
US Professional Services
-0.9%
US Market
1 Year Returns
-21.1%
NYSE:RHI
9.5%
US Professional Services
3.8%
US Market
RHI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Robert Half International (RHI) 0.9% 5.6% -5.3% -21.1% 59.5% 18.6%
US Professional Services 0.1% 4.4% 5.9% 9.5% 41.1% 65%
US Market -0.9% 1.1% 1.1% 3.8% 35.5% 42.1%
1 Year Return vs Industry and Market
  • RHI underperformed the Professional Services industry which returned 9.5% over the past year.
  • RHI underperformed the Market in United States of America which returned 3.8% over the past year.
Price Volatility
RHI
Industry
5yr Volatility vs Market

Value

 Is Robert Half International 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 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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Robert Half International.

NYSE:RHI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 12 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.2%
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.

Calculation of Discount Rate/ Cost of Equity for NYSE:RHI
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 0.85
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.851 (1 + (1- 21%) (4.05%))
0.918
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.92
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.918 * 5.96%)
8.2%

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 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.

NYSE:RHI DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.2%)
2020 513.98 Analyst x6 475.02
2021 495.72 Est @ -3.55% 423.41
2022 487.44 Est @ -1.67% 384.79
2023 485.74 Est @ -0.35% 354.38
2024 488.53 Est @ 0.57% 329.40
2025 494.50 Est @ 1.22% 308.15
2026 502.77 Est @ 1.67% 289.55
2027 512.78 Est @ 1.99% 272.93
2028 524.13 Est @ 2.21% 257.83
2029 536.54 Est @ 2.37% 243.92
Present value of next 10 years cash flows $3,339.38
NYSE:RHI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $536.54 × (1 + 2.73%) ÷ (8.2% – 2.73%)
$10,073.12
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $10,073.12 ÷ (1 + 8.2%)10
$4,579.49
NYSE:RHI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $3,339.38 + $4,579.49
$7,918.87
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $7,918.87 / 116.51
$67.97
NYSE:RHI Discount to Share Price
Calculation Result
Value per share (USD) From above. $67.97
Current discount Discount to share price of $58.80
= -1 x ($58.80 - $67.97) / $67.97
13.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Robert Half International is available for.
Intrinsic value
13%
Share price is $58.8 vs Future cash flow value of $67.97
Current Discount Checks
For Robert Half International to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • 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?
Raw Data
NYSE:RHI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $3.75
NYSE:RHI Share Price ** NYSE (2019-07-23) in USD $58.8
United States of America Professional Services Industry PE Ratio Median Figure of 39 Publicly-Listed Professional Services Companies 22.58x
United States of America Market PE Ratio Median Figure of 3,083 Publicly-Listed Companies 17.8x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Robert Half International.

NYSE:RHI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:RHI Share Price ÷ EPS (both in USD)

= 58.8 ÷ 3.75

15.66x

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 good value 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?
Raw Data
NYSE:RHI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.66x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts
4.7%per year
United States of America Professional Services Industry PEG Ratio Median Figure of 31 Publicly-Listed Professional Services Companies 1.91x
United States of America Market PEG Ratio Median Figure of 2,118 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

NYSE:RHI PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.66x ÷ 4.7%

3.32x

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?
Raw Data
NYSE:RHI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $9.26
NYSE:RHI Share Price * NYSE (2019-07-23) in USD $58.8
United States of America Professional Services Industry PB Ratio Median Figure of 62 Publicly-Listed Professional Services Companies 2.39x
United States of America Market PB Ratio Median Figure of 5,249 Publicly-Listed Companies 1.78x
NYSE:RHI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:RHI Share Price ÷ Book Value per Share (both in USD)

= 58.8 ÷ 9.26

6.35x

* 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.
X
Value checks
We assess Robert Half International's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Professional Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Professional Services industry average (and greater than 0)? (1 check)
  5. Robert Half International has a total score of 2/6, 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

 How is Robert Half International expected to perform in the next 1 to 3 years based on estimates from 12 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!
Annual Growth Rate
4.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Robert Half International expected to grow at an attractive rate?
  • 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
Raw Data
NYSE:RHI Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:RHI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts 4.7%
NYSE:RHI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts 4.6%
United States of America Professional Services Industry Earnings Growth Rate Market Cap Weighted Average 32%
United States of America Professional Services Industry Revenue Growth Rate Market Cap Weighted Average 5.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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
Raw Data
NYSE:RHI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:RHI Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 6,718 1
2020-12-31 6,343 592 487 12
2019-12-31 6,070 622 465 12
NYSE:RHI Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 5,873 583 448
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

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Robert Half International's earnings are expected to grow by 4.7% yearly, however this is not considered high growth (20% yearly).
  • Robert Half International's revenue is expected to grow by 4.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:RHI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below

All data from Robert Half International Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:RHI Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31 4.20 4.42 3.75 12.00
2019-12-31 3.96 4.05 3.80 12.00
NYSE:RHI Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 3.75
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

*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.
  • Unable to establish if Robert Half International will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Robert Half International's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Robert Half International has a total score of 1/6, 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
Below we compare Robert Half International's growth in the last year to its industry (Professional Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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 (45.3% vs 5.6%)
  • Robert Half International's earnings growth has exceeded the US Professional Services industry average in the past year (45.3% vs 31.2%).
Earnings and Revenue History
Robert Half International's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Robert Half International Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:RHI Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 5,873.47 447.92 1,844.45
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

*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).
X
Past performance checks
We assess Robert Half International's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Professional Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of Robert Half International's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 2519.8x 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.
Raw Data

All data from Robert Half International Company Filings, last reported 3 months ago.

NYSE:RHI Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,077.03 0.61 269.65
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
  • 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 (0.1% vs 0.1% today).
  • Debt is well covered by operating cash flow (95918.3%, greater than 20% of total debt).
  • Robert Half International earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Robert Half International's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Robert Half International has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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
Dividend payments
2.11%
Current annual income from Robert Half International dividends. Estimated to be 2.15% next year.
If you bought $2,000 of Robert Half International shares you are expected to receive $42 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Robert Half International's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • Robert Half International's dividend is below the markets top 25% of dividend payers in United States of America (3.77%).
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.
Raw Data
NYSE:RHI Annualized Past and Future Dividends
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 12 Analyst Estimates (S&P Global) See Below
United States of America Professional Services Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 1.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 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 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:RHI Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 1.12 1.00
2020-12-31 1.32 7.00
2019-12-31 1.23 7.00
NYSE:RHI Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-02 1.240 2.182
2019-02-12 1.240 1.884
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
2009-02-12 0.480 2.647
2008-10-29 0.440 2.371
2008-07-29 0.440 1.899

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 (3.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.3x coverage).
X
Income/ dividend checks
We assess Robert Half International's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. 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)
  7. 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

 What is the CEO of Robert Half International's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Max Messmer
COMPENSATION $9,132,451
AGE 73
TENURE AS CEO 32.5 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, both up more than 20%.
  • 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:

15.4
Average Tenure
62
Average Age
  • 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

TITLE
Chairman of the Board & CEO
COMPENSATION
$9M
AGE
73
TENURE
32.5 yrs

M. Waddell

TITLE
Vice Chairman of the Board
COMPENSATION
$7M
AGE
62
TENURE
15.4 yrs

Michael Buckley

TITLE
Executive VP
COMPENSATION
$3M
AGE
53
TENURE
12.4 yrs

Robert Glass

TITLE
Executive Vice President of Corporate Development
COMPENSATION
$2M
AGE
60
TENURE
15.4 yrs

Paul Gentzkow

TITLE
President & COO of Staffing Services
COMPENSATION
$6M
AGE
63
TENURE
19.5 yrs

M. Perry

TITLE
Chief Information Officer & Senior VP

Evelyn Crane-Oliver

TITLE
Senior VP

Reesa Staten

TITLE
Senior Vice President of Corporate Communications

Michelle Whitman

TITLE
Senior Vice President of Marketing

Lynne Smith

TITLE
Senior Vice President of Human Resources & Compensation
TENURE
2.3 yrs
Board of Directors Tenure

Average tenure and age of the Robert Half International board of directors in years:

10.2
Average Tenure
61.5
Average Age
  • The average tenure for the Robert Half International board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

M. Waddell

TITLE
Vice Chairman of the Board
COMPENSATION
$7M
AGE
62
TENURE
20.5 yrs

Frederick Richman

TITLE
Lead Director
COMPENSATION
$366K
AGE
73

Max Messmer

TITLE
Chairman of the Board & CEO
COMPENSATION
$9M
AGE
73
TENURE
31.5 yrs

Barbara Novogradac

TITLE
Director
COMPENSATION
$348K
AGE
58
TENURE
10.2 yrs

Robert Pace

TITLE
Director
COMPENSATION
$333K
AGE
56
TENURE
10.4 yrs

Marc Morial

TITLE
Director
COMPENSATION
$333K
AGE
61
TENURE
3.3 yrs

Dirk Kempthorne

TITLE
Director
AGE
67
TENURE
0.5 yrs

Julia Suzanne Coronado

TITLE
Director
AGE
51
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
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
X
Management checks
We assess Robert Half International's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 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

Why Robert Half International Inc. (NYSE:RHI) Could Be Worth Watching

According to my valuation model, Robert Half International seems to be fairly priced at around 16% below my intrinsic value, which means if you buy Robert Half International today, you’d be paying a fair price for it. … This is because Robert Half International’s beta (a measure of share price volatility) is high, meaning its price movements will be exaggerated relative to the rest of the market. … However, with a relatively muted profit growth of 5.2% expected over the next year, growth doesn’t seem like a key driver for a buy decision for Robert Half International, at least in the short term.

Simply Wall St -

Why Robert Half International Inc. (NYSE:RHI) Is A Top Dividend Stock

While Robert Half International's 2.1% dividend yield is not the highest, we think its lengthy payment history is quite interesting. … For the purpose of this article, we only scrutinise the last decade of Robert Half International's dividend payments. … Strong earnings per share (EPS) growth might encourage our interest in the company despite fluctuating dividends, which is why it's great to see Robert Half International has grown its earnings per share at 15% per annum over the past five years.

Simply Wall St -

Can You Imagine How Robert Half International's (NYSE:RHI) Shareholders Feel About The 50% Share Price Increase?

Check out our latest analysis for Robert Half International To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. … Robert Half International was able to grow its EPS at 11% per year over three years, sending the share price higher. … We note that for Robert Half International the TSR over the last 3 years was 59%, which is better than the share price return mentioned above.

Simply Wall St -

Robert Half International Inc. (NYSE:RHI) Earns A Nice Return On Capital Employed

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Robert Half International: 0.46 = US$599m ÷ (US$2.2b - US$901m) (Based on the trailing twelve months to March 2019.) Therefore, Robert Half International has an ROCE of 46%. … Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE. … Robert Half International's ROCE is boosted somewhat by its middling amount of current liabilities.

Simply Wall St -

Robert Half International Inc. (NYSE:RHI) Earns Among The Best Returns In Its Industry

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Robert Half International: 0.46 = US$599m ÷ (US$2.2b - US$901m) (Based on the trailing twelve months to March 2019.) Therefore, Robert Half International has an ROCE of 46%. … What Are Current Liabilities, And How Do They Affect Robert Half International's ROCE? … A medium level of current liabilities boosts Robert Half International's ROCE somewhat.

Simply Wall St -

Are Investors Undervaluing Robert Half International Inc. (NYSE:RHI) By 33%?

(NYSE:RHI) as an investment opportunity by taking the expected future cash flows and discounting them to their present value. … Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. … Generally we assume that a dollar today is more valuable than a dollar in the future, so we need to discount the sum of these future cash flows to arrive at a present value estimate: 10-year free cash flow (FCF) estimate 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF ($, Millions) $497.87 $524.27 $547.48 $568.93 $589.19 $608.71 $627.81 $646.74 $665.69 $684.79 Growth Rate Estimate Source Analyst x6 Analyst x6 Est @ 4.43% Est @ 3.92% Est @ 3.56% Est @ 3.31% Est @ 3.14% Est @ 3.02% Est @ 2.93% Est @ 2.87% Present Value ($, Millions) Discounted @ 8.22% $460.03 $447.61 $431.91 $414.72 $396.85 $378.84 $361.03 $343.66 $326.84 $310.67 Present Value of 10-year Cash Flow (PVCF)= $3.87b "Est" = FCF growth rate estimated by Simply Wall St After calculating the present value of future cash flows in the intial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage.

Simply Wall St -

Does Robert Half International Inc.'s (NYSE:RHI) CEO Pay Compare Well With Peers?

View our latest analysis for Robert Half International How Does Max Messmer's Compensation Compare With Similar Sized Companies? … We examined companies with market caps from US$4.0b to US$12b, and discovered that the median CEO total compensation of that group was US$7.0m. … We compared the total CEO remuneration paid by Robert Half International Inc., and compared it to remuneration at a group of similar sized companies.

Simply Wall St -

Is Robert Half International Inc. (NYSE:RHI) A Financially Strong Company?

See our latest analysis for Robert Half International RHI’s Debt (And Cash Flows) RHI's debt levels surged from US$795k to US$277m over the last 12 months , which accounts for long term debt. … With this growth in debt, RHI's cash and short-term investments stands at US$270m to keep the business going. … Additionally, RHI has generated US$583m in operating cash flow during the same period of time, resulting in an operating cash to total debt ratio of 210%, signalling that RHI’s current level of operating cash is high enough to cover debt.

Simply Wall St -

Boasting A 42% Return On Equity, Is Robert Half International Inc. (NYSE:RHI) A Top Quality Stock?

Our data shows Robert Half International has a return on equity of 42% for the last year. … The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Robert Half International: 42% = US$448m ÷ US$1.1b (Based on the trailing twelve months to March 2019.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … Robert Half International's Debt And Its 42% ROE Although Robert Half International does use debt, its debt to equity ratio of 0.26 is still low.

Simply Wall St -

Should You Consider Robert Half International Inc. (NYSE:RHI)?

Today I've chosen to put the spotlight on Robert Half International Inc. … For those interested in digger a bit deeper into my commentary, take a look at the report on Robert Half International here. … NYSE:RHI Historical Dividend Yield, May 10th 2019 Next Steps: For Robert Half International, there are three pertinent factors you should further examine: Future Outlook: What are well-informed industry analysts predicting for RHI’s future growth?

Simply Wall St -

Company Info

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
$6,850,585,022
116,506,548
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
Staff numbers
18,900
Robert Half International employees.
Industry
Human Resource and Employment Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/24 01:33
End of day share price update: 2019/07/23 00:00
Last estimates confirmation: 2019/07/18
Last earnings filing: 2019/05/06
Last earnings reported: 2019/03/31
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.