Adecco Group AG

ADEN.SW

ADEN.SWAdecco Group AG CH flag

Swiss Exchange

28.36

CHF

+1.52

(+5.66%)

1.73EPS

16.39P/E

4.75BMarket Cap

May 08Next Earn

Upgrade to Unlock Non-US CompaniesTo view real-time data and analysis of companies outside of the United States, upgrade your account to our premium subscription.

Upgrade

ISIN

CH0012138605

Return %

Stock

S&P500

-36.72

18.57

-45.95

40.07

-56.98

86.07

Use logarithmic scale

Stock Chart Unavailable

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	TTM
Revenue per Share	107.75	109.01	108.04	113.46	127.57	133.35	140.21	144.3	144.42	121.18	129.24	141.71	143.09	139.38
Basic EPS, GAAP	2.72	2	3.09	3.62	0.05	4.25	4.67	2.77	4.48	-0.61	3.62	2.05	1.94	1.78
Free Cash Flow per Basic Share	2.75	3.07	2.88	4.45	4.63	4.08	4.37	4.4	5.43	4.46	4.45	3.25	3.36	3.18
Dividend per Share	0.78	1.36	1.47	1.65	2.02	2.18	2.22	2.12	2.22	2.36	2.25	2.45	2.52	- -
Book Value per Share	11.53	12.8	16.45	18.06	16.75	18.58	21.48	20.66	22.43	19.51	20.8	20.52	20.36	19.12
Tangible Book Value per Share	-1.24	-2.06	-2.02	-1.39	-1.1	0.84	1.9	1.02	4.75	3.93	6.9	-7.89	-8.6	-9.52
Basic Weighted Avg Shares	191	188	181	176	173	170	169	165	162	161	162	167	167	168
Sales/Revenue/Turnover	20,545	20,536	19,503	20,000	22,010	22,708	23,660	23,867	23,427	19,561	20,949	23,640	23,957	23,374
Operating Margin (%)	3.71	3.28	3.99	4.46	4.73	4.69	4.73	3.92	3.93	2.4	3.76	2.19	2.54	2.39
Depreciation Expense	144	155	143	129	135	119	109	138	171	209	186	270	257	253
Net Income, GAAP	519	377	557	638	8	723	788	458	727	-98	586	342	325	298
Effective Tax Rate (%)	24.2	35.27	20.06	22.61	95.93	29.95	15.87	36.73	32.34	242.65	21.91	23.5	35.5	35.22
Profit Margin (%)	2.53	1.84	2.86	3.19	0.04	3.18	3.33	1.92	3.1	-0.5	2.8	1.45	1.36	1.27
Working Capital	902	1,032	905	940	1,191	1,234	1,129	964	1,469	1,292	2,997	926	294	39
LT Debt	1,190	1,536	1,567	1,580	1,832	1,670	1,562	1,509	1,842	1,818	2,980	3,386	2,948	2,928
Total Equity	3,811	3,699	3,557	3,839	3,346	3,722	3,582	3,589	3,948	3,218	3,800	3,893	3,601	3,356
Return on Invested Capital (%)	10.13	6.47	9.07	10.11	0.61	10.38	12.78	8.16	8.25	-8.81	7.54	4.23	4.16	5.02
Return on Capital (%)	17.29	10.47	13	13.94	0.18	14.85	15.4	8.9	13.56	-2.51	9.89	5.38	5.24	4.98
Return on Common Equity (%)	26.77	16.36	20.7	20.74	0.26	23.89	23.22	13.01	20.61	-2.89	17.97	10.07	9.51	9.1

Capital Structure

•

in mil. unless spec.

Working Capital

•

in mil. unless spec.

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)	10 years	5 years	1 year
Sales/Revenue/Turnover	2.38%	0.59%	1.34%
Net Income, GAAP	802.11%	-159.86%	-4.97%
Free Cash Flow	2.65%	-3.59%	3.68%
Total Cash Common Dividend	4.97%	3.94%	3.18%
Total Equity	0.73%	0.91%	-7.5%

Growth Rates

•

in mil. unless spec.

Quarterly Revenue

•

in mil. unless spec.

Quarterly Earnings Per Share

•

in mil. unless spec.

Quarterly Dividends Per Share

•

in mil. unless spec.

Company Description

CEO: Mr. Denis Machuel
Full Time Employees: 38,000
Sector: Industrials
Industry: Staffing & Employment Services
Address: Bellerivestrasse 30 Zurich Switzerland 8008
IPO Date: May 10, 1999
Website: adeccogroup.com
Similar Companies: Wise Group AB (publ) (WISE.ST)
Revolution Technologies Inc. (RVLTF)
APM Human Services International Limited (APM.AX)
CTPartners Executive Search Inc. (CTPR)
Dedicare AB (publ) (DEDI.ST)
Upwork Inc. (UPWK)
Business: Adecco Group AG, together with its subsidiaries, provides human resource services to businesses and organizations in Europe, North America, Asia Pacific, South America, and North Africa. It offers flexible placement, permanent placement, outsourcing, training, upskilling and reskilling, career transition and workforce transformation, technology consulting and talent, tech academy, digital staffing services, and talent advisory and solutions under the Adecco, Adia, General Assembly, Badenoch + Clark, LHH, pontoon, Spring, and Modis. The company also operates Hired, a talent recruitment platform. As of December 31, 2021, it operated approximately 4,300 branches in 59 countries and territories. The company was formerly known as Adecco S.A. Adecco Group AG was founded in 1957 and is based in Zurich, Switzerland.

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	TTM
Revenue per Share	107.75	109.01	108.04	113.46	127.57	133.35	140.21	144.3	144.42	121.18	129.24	141.71	143.09	139.38
Basic EPS, GAAP	2.72	2	3.09	3.62	0.05	4.25	4.67	2.77	4.48	-0.61	3.62	2.05	1.94	1.78
Free Cash Flow per Basic Share	2.75	3.07	2.88	4.45	4.63	4.08	4.37	4.4	5.43	4.46	4.45	3.25	3.36	3.18
Dividend per Share	0.78	1.36	1.47	1.65	2.02	2.18	2.22	2.12	2.22	2.36	2.25	2.45	2.52	- -
Book Value per Share	11.53	12.8	16.45	18.06	16.75	18.58	21.48	20.66	22.43	19.51	20.8	20.52	20.36	19.12
Tangible Book Value per Share	-1.24	-2.06	-2.02	-1.39	-1.1	0.84	1.9	1.02	4.75	3.93	6.9	-7.89	-8.6	-9.52
Basic Weighted Avg Shares	191	188	181	176	173	170	169	165	162	161	162	167	167	168
Sales/Revenue/Turnover	20,545	20,536	19,503	20,000	22,010	22,708	23,660	23,867	23,427	19,561	20,949	23,640	23,957	23,374
Operating Margin (%)	3.71	3.28	3.99	4.46	4.73	4.69	4.73	3.92	3.93	2.4	3.76	2.19	2.54	2.39
Depreciation Expense	144	155	143	129	135	119	109	138	171	209	186	270	257	253
Net Income, GAAP	519	377	557	638	8	723	788	458	727	-98	586	342	325	298
Effective Tax Rate (%)	24.2	35.27	20.06	22.61	95.93	29.95	15.87	36.73	32.34	242.65	21.91	23.5	35.5	35.22
Profit Margin (%)	2.53	1.84	2.86	3.19	0.04	3.18	3.33	1.92	3.1	-0.5	2.8	1.45	1.36	1.27
Working Capital	902	1,032	905	940	1,191	1,234	1,129	964	1,469	1,292	2,997	926	294	39
LT Debt	1,190	1,536	1,567	1,580	1,832	1,670	1,562	1,509	1,842	1,818	2,980	3,386	2,948	2,928
Total Equity	3,811	3,699	3,557	3,839	3,346	3,722	3,582	3,589	3,948	3,218	3,800	3,893	3,601	3,356
Return on Invested Capital (%)	10.13	6.47	9.07	10.11	0.61	10.38	12.78	8.16	8.25	-8.81	7.54	4.23	4.16	5.02
Return on Capital (%)	17.29	10.47	13	13.94	0.18	14.85	15.4	8.9	13.56	-2.51	9.89	5.38	5.24	4.98
Return on Common Equity (%)	26.77	16.36	20.7	20.74	0.26	23.89	23.22	13.01	20.61	-2.89	17.97	10.07	9.51	9.1

Year	Q1	Q2	Q3	Q4	FY
2022	5,446	5,938	6,044	6,212	23,640
2023	5,892	5,998	5,958	6,109	23,957
2024	5,717	5,844	5,704	- -	- -

	Mar'24	Jun'24	Sep'24
ST Debt	708	929	794
LT Borrowings	2,590	2,574	2,607
LT Finance Leases	313	316	321
Preferred Equity and Hybrid Capital	- -	- -	- -
Shares Outstanding	168	168	168
Market Capitalization	5,688	5,189	5,115

	Mar'24	Jun'24	Sep'24
Total Current Assets	5,353	5,212	4,954
Accounts Receivable, Net	4,354	4,302	4,155
Cash, Cash Equivalents & STI	441	336	278
Inventories	- -	- -	- -
Total Current Liabilities	4,993	5,219	4,915
Payables & Accruals	- -	- -	- -
ST Debt	708	929	794
Deferred Revenue	- -	- -	- -

Year	Q1	Q2	Q3	Q4	FY
2022	0.55	- -	0.65	- -	2.05
2023	0.55	- -	0.61	- -	1.94
2024	0.44	- -	0.59	- -	- -

Adecco Group AG

Growth Rates

(avg. rate of change)

Company Description

Growth Rates

(avg. rate of change)

Quarterly Earnings Per Share

Year

Quarterly Dividends Per Share

Year

Quarterly Revenue

Year

Capital Structure

Working Capital