Randstad NV (RSH0) AI Stock Analysis

Randstad NV

(Frankfurt:RSH0)

Rating:―N/A

Action:N/A

Date:―

No summary available

Positive Factors

Broadening growth and operating leverageGrowth is broadening across Operational, Enterprise, Professional and Digital, reducing reliance on a single activity or geography. Combined with rising EBITA and disciplined costs, this supports improved operating leverage and a stronger earnings base over the next several quarters.

Negative Factors

Thin and pressured profitabilityA thin net margin leaves limited protection if staffing volumes, pricing or mix weaken. The continuing gross-margin decline, including pressure in temporary staffing, means modest changes in demand or labor economics can have an outsized effect on EBITA and cash earnings.

Randstad NV (RSH0) vs. iShares MSCI Germany ETF (EWG)

Market Cap: EUR 15.94B
Dividend Yield: 4.04%
Average Volume (3M): ―
Price to Earnings (P/E): 21.1
Beta (1Y): 0.61
Revenue Growth: >-0.01%
EPS Growth: 553.98%
Country: Germany
Employees: 38,480
Sector: Industrials
Sector Strength: 63
Industry: Staffing & Employment Services

Randstad NV Business Overview & Revenue Model

Company Description

Randstad N.V. is a leading provider of comprehensive solutions in the realm of work and human resources (HR) services. The company assists clients with both temporary staffing and permanent placement, serving diverse sectors including light industria...

Randstad NV Earnings Call Summary

Earnings Call Date:Oct 20, 2026(Q3-2026)|% Change Since:15.88%|Next Earnings Date:Feb 16, 2027

Earnings Call SentimentPositive

The call was strongly positive overall. Highlights significantly outweighed the lowlights, with improving revenue growth, broadening market recovery, strong U.S. Operational performance, higher EBITA, cost discipline, productivity gains and positive Q4 and 2027 commentary. The main challenges were declining gross margins, France and Poland performance, a still-limited European Professional recovery, integration costs and an expected effective tax rate toward the high end of the stated range.

Positive Updates

Improved Group Revenue and EBITA Performance

Q3 revenue growth improved to 3.9%, with revenues of EUR 6.1 billion. EBITA was EUR 211 million, improving 10% year-on-year and representing a 3.5% margin. Underlying EBITA was up EUR 20 million year-on-year, or 20 basis points, and EUR 29 million sequentially.

Negative Updates

Gross Margin Decline

Group gross margin was down 60 basis points year-over-year, although this was an improvement from declines of 70 basis points in Q2 and 80 basis points in Q1. Temp margin was down 50 basis points year-over-year, and contribution was down 10 basis points.

Company Guidance

For Q4, volume trends in the first weeks of October are improving further, with a slightly easier comparison base of approximately 100 basis points; gross margin is expected to be broadly stable sequentially, and operating expenses are anticipated to show only a slight increase sequentially due to the simple reversal of Q3 seasonality. For 2026, Randstad expects an ETR towards the higher end of the 30%, 32% range, while its underlying cost base is expected to be flat; the partnership transaction is expected to close by the end of the year or early next year. Randstad believes in a stronger year now already for 2027, will continue to drive its digital marketplace share up from roughly 17%, 18% of its business, and aims to continue to see growth coming in at an increasingly higher operational leverage than before.

Randstad NV Peers Comparison

Overall Rating

UnderperformOutperform

Sector (63)

Financial Indicators

DE:RSH0 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
KFRC	63Neutral	$1.03B	24.02	32.57%	2.77%	2.14%	6.99%
RHI	60Neutral	$4.48B	35.84	9.89%	5.40%	-2.94%	-21.03%
KELYA	56Neutral	$610.19M	-2.12	-27.06%	1.81%	-9.63%	-4468.44%
TBI	52Neutral	$297.44M	-5.16	-20.78%	―	10.17%	-65.10%
MAN	51Neutral	$2.15B	17.95	5.75%	3.11%	7.25%	―

* Industrials Sector Average

Performance Comparison

DE:RSH0 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
DE:RSH0	Randstad Nv Unsponsored ADR	19.70	4.35	28.36%
KELYA	Kelly Services	16.59	5.62	51.19%
KFRC	Kforce	57.41	27.18	89.89%
MAN	ManpowerGroup Inc.	46.30	17.81	62.53%
RHI	Robert Half International	43.73	20.26	86.34%
TBI	Trueblue	9.77	4.28	77.96%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Randstad NV AI Stock Analysis