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Randstad NV
(OTC:RANJY)
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Rating:71Outperform
Price Target:
$25.00
▲(7.94% Upside)
Action:Upgraded
Date:10/23/26
RANJY scores well on improving fundamentals (profit recovery, solid cash generation, moderate leverage) and supportive technicals (price above key moving averages with positive MACD). The score is moderated by still-thin net margins and a mixed valuation profile (higher P/E partly offset by a strong dividend yield), while earnings-call tone and guidance add a meaningful positive tailwind despite ongoing gross margin and regional headwinds.
Positive Factors
Broadening growth and operating leverage
Growth 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 profitability
A 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.
Read all positive and negative factors
Positive Factors
Negative Factors
Broadening growth and operating leverage
Growth 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.
Read all positive factors
Randstad NV (RANJY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$6.79B
Dividend Yield4.11%
Average Volume (3M)717.00
Price to Earnings (P/E)23.2
Beta (1Y)0.65
Revenue Growth4.88%
EPS Growth332.63%
CountryUS
Employees38,480
SectorIndustrials
Sector Strength72
IndustryStaffing & Employment Services
Share Statistics
EPS (TTM)0.70
Shares Outstanding351,954,830
10 Day Avg. Volume572
30 Day Avg. Volume717
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 Cap1.30
Enterprise Value/Revenue0.38
Enterprise Value/Gross Profit2.10
Enterprise Value/Ebitda9.81
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.49
Revenue Forecast (FY)$26.70B
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:Oct 21, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Feb 17, 2027
Earnings Call Sentiment Positive
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.
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Q3-2026 Updates
Positive
Negative
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.
Read all positive updates
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 Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
72
Positive
Cash Flow
67
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 23.31B | 23.08B | 24.12B | 25.43B | 27.57B | 24.64B |
| Gross Profit | 4.22B | 4.31B | 4.70B | 5.28B | 5.75B | 4.90B |
| EBITDA | 901.43M | 845.00M | 606.00M | 1.17B | 1.47B | 1.39B |
| Net Income | 347.35M | 287.20M | 123.00M | 624.00M | 929.00M | 768.00M |
Balance Sheet | ||||||
| Total Assets | 11.15B | 10.69B | 11.19B | 10.69B | 11.11B | 11.04B |
| Cash, Cash Equivalents and Short-Term Investments | 276.60M | 399.00M | 357.00M | 261.00M | 274.00M | 859.00M |
| Total Debt | 1.88B | 1.91B | 2.22B | 1.18B | 1.14B | 1.27B |
| Total Liabilities | 7.05B | 6.68B | 7.06B | 5.99B | 6.19B | 6.14B |
| Stockholders Equity | 4.10B | 4.00B | 4.13B | 4.70B | 4.91B | 4.90B |
Cash Flow | ||||||
| Free Cash Flow | 593.26M | 799.00M | 565.00M | 1.10B | 951.00M | 786.00M |
| Operating Cash Flow | 653.14M | 872.00M | 649.00M | 1.19B | 1.07B | 914.00M |
| Investing Cash Flow | -54.92M | -69.00M | -518.00M | -147.00M | -290.00M | -207.00M |
| Financing Cash Flow | -607.38M | -773.00M | -21.00M | -1.03B | -1.37B | -322.00M |
Randstad NV Technical Analysis
Positive
23.16
Price Trends
21.34
Positive
19.57
Positive
17.21
Positive
Market Momentum
0.07
Negative
67.60
Neutral
63.11
Neutral
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 20.03, above the 50-day MA of 21.34, and above the 200-day MA of 17.21, indicating a bullish trend. The MACD of 0.07 indicates Negative momentum. The RSI at 67.60 is Neutral, neither overbought nor oversold. The STOCH value of 63.11 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
71 Outperform | $6.79B | 23.17 | 8.84% | 4.11% | 4.88% | 332.63% | |
64 Neutral | $908.52M | 24.25 | 29.32% | 3.09% | -1.26% | -11.37% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
57 Neutral | $3.46B | 30.12 | 9.18% | 6.81% | -4.95% | -34.47% | |
57 Neutral | $260.91M | -4.52 | -20.78% | ― | 10.17% | -65.10% | |
54 Neutral | $571.15M | -2.10 | -27.06% | 1.83% | -9.63% | -4468.44% | |
54 Neutral | $2.08B | 17.30 | 5.75% | 3.23% | 7.25% | ― |
* Industrials Sector Average
RANJY
Randstad NV
22.76
3.78
19.94%
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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.