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Robert Walters
(LSE:RWA)
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Rating:51Neutral
Price Target:
122.00 p
▼(-17.29% Downside)
Action:Reiterated
Date:08/18/26
The score is held down primarily by weakening fundamentals (multi-year revenue contraction, swing to losses, and deteriorating margins) and a worsening leverage trend as equity declines. Technicals provide support because the stock is in a strong uptrend versus major moving averages, but overbought momentum signals increase near-term downside risk. Valuation is difficult to justify on earnings due to negative P/E, offering only moderate support.
Positive Factors
Recurring Contract Revenue
Contract recruitment provides time-based billings over an assignment rather than relying solely on one-off permanent placements. This recurring element can improve revenue visibility, support client retention, and provide a steadier foundation through changing professional hiring conditions.
Negative Factors
Multi-Year Revenue Contraction
Three consecutive years of shrinking revenue point to sustained weakness in hiring demand, placement activity, or business mix rather than a single quarterly disruption. Persistent contraction can reduce operating leverage, weaken consultant productivity, and make a durable earnings recovery harder.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring Contract Revenue
Contract recruitment provides time-based billings over an assignment rather than relying solely on one-off permanent placements. This recurring element can improve revenue visibility, support client retention, and provide a steadier foundation through changing professional hiring conditions.
Read all positive factors
Robert Walters (RWA) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£80.25M
Dividend Yield10.44%
Average Volume (3M)140.84K
Price to Earnings (P/E)―
Beta (1Y)1.15
Revenue Growth-2.82%
EPS Growth-66.89%
CountryUK
Employees2,782
SectorIndustrials
Sector Strength72
IndustryStaffing & Employment Services
Share Statistics
EPS (TTM)-0.36
Shares Outstanding72,357,700
10 Day Avg. Volume101,893
30 Day Avg. Volume140,844
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.88
Price to Sales (P/S)0.11
P/FCF Ratio11.93
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£160.00Price Target Upside8.47% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.26
Revenue Forecast (FY)£559.45M
Robert Walters Business Overview & Revenue Model
Company Description
Robert Walters plc, alongside its various entities, delivers expert talent acquisition and human capital solutions on a global scale. The company excels in placing candidates for permanent, contract, and temporary roles across numerous industries....
How the Company Makes Money
Robert Walters primarily makes money by earning fees for recruitment services provided to client employers. The main revenue stream is placement (recruitment) fees, typically paid by the hiring company when a candidate is successfully placed into ...
Robert Walters Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
56
Neutral
Cash Flow
49
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 812.00M | 781.10M | 892.10M | 1.06B | 1.10B | 970.70M |
| Gross Profit | 246.80M | 251.70M | 321.40M | 386.80M | 428.20M | 353.60M |
| EBITDA | 11.10M | 8.00M | 28.10M | 49.60M | 80.80M | 74.20M |
| Net Income | -24.70M | -26.80M | -6.00M | 13.40M | 39.10M | 33.50M |
Balance Sheet | ||||||
| Total Assets | 277.20M | 294.50M | 355.50M | 415.70M | 474.10M | 446.30M |
| Cash, Cash Equivalents and Short-Term Investments | 34.70M | 49.10M | 68.10M | 95.70M | 123.20M | 142.30M |
| Total Debt | 76.60M | 90.90M | 88.00M | 95.00M | 102.50M | 82.10M |
| Total Liabilities | 183.90M | 193.30M | 217.00M | 250.80M | 290.20M | 271.50M |
| Stockholders Equity | 93.30M | 101.20M | 138.50M | 164.90M | 183.90M | 174.80M |
Cash Flow | ||||||
| Free Cash Flow | 5.70M | 7.50M | 9.70M | 29.60M | 22.20M | 20.40M |
| Operating Cash Flow | 6.80M | 8.90M | 19.80M | 45.50M | 38.10M | 33.60M |
| Investing Cash Flow | -2.70M | -5.90M | -9.40M | -14.20M | -15.50M | -12.80M |
| Financing Cash Flow | -24.70M | -21.50M | -33.90M | -52.20M | -47.50M | -27.20M |
Robert Walters Technical Analysis
Negative
147.50
Price Trends
126.48
Negative
106.89
Positive
111.34
Positive
Market Momentum
-2.59
Positive
42.34
Neutral
6.70
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:RWA, the sentiment is Negative. The current price of 147.5 is above the 20-day moving average (MA) of 132.80, above the 50-day MA of 126.48, and above the 200-day MA of 111.34, indicating a neutral trend. The MACD of -2.59 indicates Positive momentum. The RSI at 42.34 is Neutral, neither overbought nor oversold. The STOCH value of 6.70 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:RWA.
Robert Walters Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | £357.07M | 29.47 | 5.85% | 4.77% | -9.15% | -53.32% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | £43.77M | 7.03 | 17.30% | 2.32% | 18.21% | 71.90% | |
59 Neutral | £1.03B | -17.53 | -13.31% | 0.68% | -2.81% | -657.14% | |
58 Neutral | £668.28M | 54.90 | 5.95% | 2.17% | -2.55% | 7.92% | |
56 Neutral | £48.25M | 14.04 | 11.07% | 2.23% | 5.91% | 458.42% | |
51 Neutral | £80.25M | -3.36 | -25.40% | 10.44% | -2.82% | -66.89% |
* Industrials Sector Average
GB:RWA
Robert Walters
121.00
-2.00
-1.63%
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Robert Walters Corporate Events
Business Operations and StrategyDividendsFinancial Disclosures
Robert Walters Narrows Loss as Cost Cuts and Growth Initiatives Take Hold
Neutral
Jul 30, 2026
Robert Walters reported interim results for the six months to 30 June 2026 in line with board expectations, with group net fee income down 3% in constant currency to £134.6m and the operating loss narrowed to £4.5m. Despite lower net fee...
Business Operations and StrategyFinancial Disclosures
Robert Walters H1 Trading In Line as Market Conditions Gradually Improve
Positive
Jul 14, 2026
Robert Walters reported that trading in the first half of 2026 was in line with the board’s expectations, with group net fees down 3% in constant currency but showing sequential improvement from 2025’s 14% decline. The company highligh...
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.