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Randstad NV
(OTC:RANJY)
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Rating:65Neutral
Price Target:
$25.00
▲(7.94% Upside)
Action:Reiterated
Date:07/23/26
Overall score is driven primarily by a recovering (but not fully normalized) financial profile with solid balance-sheet support and good cash conversion, alongside an earnings-call outlook that remains constructive but tempered by ongoing gross-margin pressure. Technicals support the trend (price above major moving averages), though overbought readings raise near-term pullback risk. Valuation is balanced by a strong dividend yield but a relatively high P/E.
Positive Factors
Operating recovery
Resumed organic growth and faster EBITA expansion indicate improving labor demand and operating leverage. If sustained, the recovery can support earnings normalization across Randstad’s diversified staffing and workforce-solutions network.
Negative Factors
Gross-margin pressure
Persistent mix, wage, CLA and geographic pressures are limiting the conversion of revenue recovery into profit. Continued margin erosion could offset volume gains and delay a return to historical profitability levels.
Read all positive and negative factors
Positive Factors
Negative Factors
Operating recovery
Resumed organic growth and faster EBITA expansion indicate improving labor demand and operating leverage. If sustained, the recovery can support earnings normalization across Randstad’s diversified staffing and workforce-solutions network.
Read all positive factors
Randstad NV (RANJY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$8.24B
Dividend Yield4.08%
Average Volume (3M)13.30K
Price to Earnings (P/E)22.6
Beta (1Y)0.62
Revenue Growth4.88%
EPS Growth332.63%
CountryUS
Employees38,480
SectorIndustrials
Sector Strength72
IndustryStaffing & Employment Services
Share Statistics
EPS (TTM)0.78
Shares Outstanding351,954,830
10 Day Avg. Volume934
30 Day Avg. Volume13,305
Financial Highlights & Ratios
PEG Ratio0.12
Price to Book (P/B)1.41
Price to Sales (P/S)0.24
P/FCF Ratio7.05
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.48
Revenue Forecast (FY)$26.71B
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 indust...
How the Company Makes Money
Randstad primarily makes money by matching client demand for labor with available talent and charging fees for its services. The largest revenue stream is typically temporary staffing and flexible work arrangements: Randstad recruits and employs (...
Randstad NV Earnings Call Summary
Earnings Call Date:Jul 22, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 21, 2026
Earnings Call Sentiment Positive
The call highlights clear signs of recovery and strong execution: revenue growth resumed (1.9% organic), EBITA increased 8% to EUR 182m, operational segments—particularly in North America and key European markets—show robust momentum, productivity and cost discipline are driving conversion of growth into profit, and digital marketplace initiatives are delivering material efficiency gains. Offsetting these positives are continued gross-margin pressure (down ~70bps), weaknesses in specific markets (Netherlands, Belgium, Poland, parts of Digital), one-off integration costs (EUR 22m), and a cautious Q3 margin outlook due to seasonality and mix. Overall, the company presents improving revenue and profitability trajectories but with notable near-term margin and market-specific headwinds.Positive Updates
Revenue and EBITA Growth
Group revenues of EUR 5.9 billion with 1.9% organic growth in Q2; EBITA of EUR 182 million, up 8% year-on-year, representing a 3.1% EBITA margin.
Negative Updates
Gross Margin Pressure
Group gross margin declined ~70 basis points (temp margin down ~70 bps) with gross profit down -1.5% YoY, driven by adverse geographic/client mix, CLA effects and macro/currency headwinds.
Read all updates
Q2-2026 Updates
Positive
Negative
Revenue and EBITA Growth
Group revenues of EUR 5.9 billion with 1.9% organic growth in Q2; EBITA of EUR 182 million, up 8% year-on-year, representing a 3.1% EBITA margin.
Read all positive updates
Company Guidance
Guidance: management said Q3 gross margin is expected to be modestly down sequentially (reflecting seasonality and mix, with perm and RPO revenue share ~1% lower vs Q2 in summer and continued adverse geographical/client mix), while operating expenses should decrease quarter‑on‑quarter due to seasonal holiday accrual release and ongoing structural cost savings; they flagged June as the strongest month with early July trends continuing and expect the positive growth and profit trajectory to persist. Key metrics cited alongside the outlook: Q2 revenue EUR 5.9bn, organic growth 1.9%, EBITA EUR 182m (3.1% margin), underlying free cash flow EUR 39m, OPEX EUR 889m (down EUR 29m or -3% y/y), gross profit -1.5% y/y (improved from -3.5% in Q1), gross margin down ~70bps y/y (temp margin -70bps), recovery ratio ~82% over the last four quarters, over 50% of talent validation handled by talent centers, 1.7m self‑scheduled shifts in Q2 (double‑digit sequential growth), 10x10x10 wins of EUR 1.3bn in H1, RPO growth +7%, integration/one‑offs EUR 22m, adverse FX ~EUR 2m, DSO 57.6 days (+0.2), net debt down EUR 66m y/y with leverage 1.8x, and an expected 2026 effective tax rate toward the higher end of 30–32%; the LTM partnership (enterprise value ~EUR 160m) is expected to close in H2.Randstad NV Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
68
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 23.02B | 23.08B | 24.12B | 25.43B | 27.57B | 24.64B |
| Gross Profit | 4.20B | 4.31B | 4.70B | 5.28B | 5.75B | 4.90B |
| EBITDA | 851.51M | 845.00M | 606.00M | 1.17B | 1.47B | 1.38B |
| Net Income | 320.81M | 287.20M | 123.00M | 624.00M | 929.00M | 768.00M |
Balance Sheet | ||||||
| Total Assets | 10.82B | 10.69B | 11.19B | 10.69B | 11.11B | 11.04B |
| Cash, Cash Equivalents and Short-Term Investments | 258.00M | 399.00M | 357.00M | 261.00M | 274.00M | 859.00M |
| Total Debt | 2.09B | 1.91B | 2.22B | 1.18B | 1.14B | 1.27B |
| Total Liabilities | 6.91B | 6.68B | 7.06B | 5.99B | 6.19B | 6.14B |
| Stockholders Equity | 3.91B | 4.00B | 4.13B | 4.70B | 4.91B | 4.90B |
Cash Flow | ||||||
| Free Cash Flow | 571.76M | 799.00M | 565.00M | 1.10B | 951.00M | 786.00M |
| Operating Cash Flow | 641.26M | 872.00M | 649.00M | 1.19B | 1.07B | 914.00M |
| Investing Cash Flow | -49.31M | -69.00M | -518.00M | -147.00M | -290.00M | -207.00M |
| Financing Cash Flow | -604.00M | -773.00M | -21.00M | -1.03B | -1.37B | -322.00M |
Randstad NV Technical Analysis
Positive
23.16
Price Trends
19.88
Positive
17.38
Positive
16.71
Positive
Market Momentum
0.90
Positive
66.22
Neutral
84.72
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RANJY, the sentiment is Positive. The current price of 23.16 is above the 20-day moving average (MA) of 22.80, above the 50-day MA of 19.88, and above the 200-day MA of 16.71, indicating a bullish trend. The MACD of 0.90 indicates Positive momentum. The RSI at 66.22 is Neutral, neither overbought nor oversold. The STOCH value of 84.72 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for RANJY.
Randstad NV Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $4.39B | 15.82 | 14.21% | 2.63% | 6.43% | 13.64% | |
65 Neutral | $8.24B | 22.57 | 8.23% | 4.58% | 4.88% | 332.63% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | $4.64B | 37.87 | 9.18% | 6.69% | -4.95% | -34.47% | |
58 Neutral | $2.04B | -122.38 | -24.52% | 4.96% | 2.64% | -140.86% | |
55 Neutral | $2.93B | 27.32 | 5.06% | 2.81% | 6.72% | ― |
* Industrials Sector Average
RANJY
Randstad NV
23.29
1.91
8.92%
NSP
Insperity
51.40
0.06
0.12%
KFY
Korn Ferry
84.65
13.26
18.57%
MAN
ManpowerGroup
61.19
22.28
57.26%
RHI
Robert Half
43.55
9.33
27.28%
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.