ADECCO N chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 134.10
Dividend & Yield2.50fr (8.09%)
Beta 1.33
Market capitalization 5.16B
Operating cash flow 470M
ESG Scores 11.8

Company description

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.

Sector: Industrials - Industry: Staffing & Employment Services

Financial Ratios
Quick Ratio1.63
Working Capital0.2
Return On Equity0.15
Debt To Equity0.73
Fixed Asset Ratio0.03
Fixed Interest Cover24.63

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities -112M 57M 38M 119M
Total Cashflows From Investing Activities -344M 324M -162M -206M
Net Borrowings -215M -73M 140M 1.21B
Total Cash From Financing Activities -682M -524M -290M 980M
Change To Operating Activities 9M -2M -122M -29M
Issuance Of Stock 229M 229M 229M 229M
Net Income 458M 727M -98M 586M
Change In Cash -285M 698M 152M 1.59B
Effect Of Exchange Rate 14M 18M -116M 91M
Total Cash From Operating Activities 727M 880M 720M 722M
Depreciation 103M 119M 136M 119M
Change To Account Receivables 19M 91M 235M -170M
Other Cashflows From Financing Activities -2M -4M -3M 2M
Change To Netincome 215M -164M 458M 30M
Capital Expenditures -158M -156M -157M -132M

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development
Income Before Tax 727M 1.08B 68M 753M
Net Income 458M 727M -98M 586M
Selling General Administrative 3.44B 3.52B 3.08B 3.35B
Gross Profit 4.43B 4.5B 3.79B 4.28B
Ebit 939M 921M 630M 865M
Operating Income 939M 921M 630M 865M
Interest Expense -45M -44M -30M -32M
Income Tax Expense 267M 348M 165M 165M
Total Revenue 23.87B 23.43B 19.56B 20.95B
Cost Of Revenue 19.43B 18.92B 15.77B 16.67B
Total Other Income ExpenseNet -212M 155M -562M -112M
Net Income From Continuing Ops 460M 728M -97M 588M
Net Income Applicable To Common Shares 458M 727M -98M 586M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 6.13B 6.62B 6.57B 8.06B
Total Stockholder Equity 3.58B 3.94B 3.21B 3.79B
Other Current Liabilities 73M 216M 130M 117M
Total Assets 9.72B 10.57B 9.79B 11.87B
Common Stock 10M 10M 10M 11M
Other Current Assets 231M 282M 392M 593M
Retained Earnings 3.41B 3.63B 3.14B 3.36B
Treasury Stock -414M -279M -522M -396M
Cash 652M 1.35B 1.49B 3.05B
Total Current Liabilities 4.35B 4.47B 4.46B 4.73B
Other Stockholder Equity -273M -213M -433M -237M
Property, Plant, and Equipment 138M 572M 533M 465M
Total Current Assets 5.32B 5.94B 5.75B 7.72B
Net Tangible Assets 17M 584M 458M 905M
Net Receivables 4.43B 4.31B 3.87B 4.08B
Accounts Payable 793M 829M 766M 879M


Insider Transactions

Here are the insider transactions of stock shares related to ADECCO N:

Filer Name Transaction Text Ownership Date Filer Relation Shares
BlackRock Investment Management (UK) LimitedD2016-07-14495.84k
Artisan Partners Limited PartnershipD2015-09-112.81M
Harris Associates L.P.D2015-02-19623.26k
Harris Associates L.P.D2014-08-06247.03k
Akila Finance S.A.D2014-05-23
BlackRock Investment Management (UK) LimitedD2014-05-02664.75k
BlackRock Investment Management (UK) LimitedD2014-04-25709.57k
BlackRock Investment Management (UK) LimitedD2014-04-16308.3k
BlackRock Investment Management (UK) LimitedD2014-03-273.82M
Jacobs FamilySold at price 81.73 per share.D2014-03-1330.2M
Harris Associates L.P.D2014-01-07454.69k
Jacobs FamilyD2013-07-16587.1k
Artisan Partners Limited PartnershipD2012-11-27
Och-Ziff Capital ManagementD2012-11-16459.87k
Och-Ziff Capital ManagementD2012-10-23
MFS Investment ManagementD2012-07-2719.9k
MFS Investment ManagementD2012-07-255.46k
MFS Investment ManagementD2012-07-17
Jacobs FamilyD2011-08-24292k
BlackRock Investment Management (UK) LimitedD2011-05-12210.78k
Harris Associates L.P.D2011-05-11351.38k
O'Neill (Thomas)Bought at price 64.12 per share.D2011-03-151k
Norman (David)Bought at price 65.54 per share.D2011-03-111.22k
Rapaczynski (Wanda)Bought at price 67.91 per share.D2011-03-08500
Artisan Partners Limited PartnershipD2011-02-283.48M
Andreas (Jacobs)Sold at price 62.33 per share.D2010-12-0811.45k
Jacobs FamilyD2010-12-0872.28k
Andreas (Jacobs)Sold at price 61.52 per share.D2010-12-0734.5k
Andreas (Jacobs)Sold at price 61.48 per share.D2010-12-0330k
Harris Associates L.P.D2010-12-03379k
Norman (David)Bought at price 58.47 per share.D2010-11-251.33k
BlackRock Investment Management (UK) LimitedD2010-11-10106.69k
Andreas (Jacobs)D2010-10-0810
Rolf (D�rig)Bought at price 52.27 per share.D2010-09-272.12k
Deutsche Bank AGD2010-09-031.13M
Jakob (Baer)Bought at price 45.86 per share.D2010-08-241k
Harris Associates L.P.D2010-08-20
Artisan Partners Limited PartnershipD2010-07-29
BlackRock Investment Management (UK) LimitedD2010-07-13319.02k
Jacobs FamilyD2010-06-09
Andreas (Jacobs)D2010-06-0880
Deutsche Bank AGD2010-04-14
Andreas (Jacobs)Sold at price 58.74 per share.D2010-04-12620
Andreas (Jacobs)Sold at price 56.71 per share.D2010-04-0850k
Andreas (Jacobs)Sold at price 57.22 per share.D2010-04-0750k
Andreas (Jacobs)Sold at price 57.91 per share.D2010-04-0650k
Andreas (Jacobs)Sold at price 58.09 per share.D2010-04-0150k
Andreas (Jacobs)Sold at price 56.97 per share.D2010-03-3150k
Andreas (Jacobs)Sold at price 55.57 per share.D2010-03-3040k
Andreas (Jacobs)Sold at price 55.84 per share.D2010-03-26120k
Andreas (Jacobs)Sold at price 56.06 per share.D2010-03-25140k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to ADECCO N. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on ADECCO N

Here is the result of two systematic investment strategies applied to ADECCO N. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on ADECCO N

The following chart shows the equity curve of the two systematic investment strategies applied to ADECCO N:

ADECCO N automated entries

The systematic investment strategy that buys the first day of the month would give a performance of -9.25% on the backtest period.

Performance at glance

Performance

-9.25 %

Latent gain

-139.24 fr

Invested capital

1506.01 fr

Annualized return

-2.25 %
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Momentum strategy results on ADECCO N

This is the result of two momentum investment strategies applied to ADECCO N. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on ADECCO N

The following chart shows all the entries opened by the momentum investment system on ADECCO N:

ADECCO N momentum entries
  • The first momentum investment strategy would give -9.18% of return on ADECCO N. That represents -471.36fr of latent gain with 5137.23fr of employed capital.
  • The second momentum investment strategy would give -11.88% of return on ADECCO N. That represents -381.11fr of latent gain with 3208.91fr of employed capital.
Performance at glance (1Q Momentum)

Performance

-9.18 %

Latent gain

-471.36 fr

Invested capital

5137.23 fr

Annualized return

-5.51 %
Performance at glance (2Q Momentum)

Performance

-11.88 %

Latent gain

-381.11 fr

Invested capital

3208.91 fr

Annualized return

-3.26 %

Momentum equity curve on ADECCO N

The following chart shows the equity curve of the two momentum strategies applied to ADECCO N:

ADECCO N momentum equity

Note: the dividends potentially given by ADECCO N are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on ADECCO N

The following chart shows the employed capital evolution of the two momentum strategies on ADECCO N since the beginning:

ADECCO N

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250fr, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000fr.


Buy the dip strategy result on ADECCO N

Buy the dip entry openings on ADECCO N

ADECCO N

The performance achieved by the robo-advisor on ADECCO N is -11.68%. That represents -56.09$ of latent gain with 480.26fr of employed capital. The following chart shows ADECCO N stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of ADECCO N, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

-11.68 %

Latent gain

-56.09 fr

Invested capital

480.26 fr

Annualized return

-5.51 %

Equity curve of the strategy applied to ADECCO N

The following chart shows the result of the investment strategy applied to ADECCO N:

ADECCO N

Note: the dividends potentially given by ADECCO N are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on ADECCO N

The following chart shows the employed capital evolution since the beginning of the investment strategy on ADECCO N:

ADECCO N

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on ADECCO N

In this section, I will compare the three previous investment strategies applied to ADECCO N.

Equity curve comparison on ADECCO N

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

ADECCO N investment strategy comparison

Employed capital comparison on ADECCO N

ADECCO N investment comparison

Performance comparison on ADECCO N

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment -9.25% -139.24fr 1506.01fr -2.25%
Momentum 1 quarter -9.18% -471.36fr 5137.23fr -2.37%
Momentum 2 quarters -11.88% -381.11fr 3208.91fr -3.26%
Non-directional -11.68% -56.09fr 480.26fr -5.51%
Annualized return comparison

Automatic investment

-2.25 %

Momentum 1Q

-3.26 %

Momentum 2Q

-3.26 %

Non-directional

-5.51 %

Correlated stocks

Here are the most positively and negatively correlated stocks with ADECCO N:

Positive correlations

Most correlated stocks this year


Most correlated stocks last 3 months

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

Note: The algorithm computes the probability of correlation between ADECCO N and the other stocks. There may be false positives or some missing correlated stocks. If the price of ADECCO N does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name ADECCO N
Country Switzerland
City Zurich
Address Bellerivestrasse 30
Phone 41 44 878 88 88
Website www.adeccogroup.com
FullTime employees 37000
Industry Staffing & Employment Services
Sector Industrials
Exchange XSWX
Ticker ADEN.XSWX
Market www.six-group.com

ADECCO N ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0.0
Peer Environment Performance 2.5724137931034
Environment Percentile unknown
Palm Oil no
Nuclear no
Fur Leather no
GMO no
Coal no
Pesticides no
Animal Testing no

Social scores

Social ESG Factors Scores
Social Score 8.4
Peer Social Performance 8.6658620689655
Social Percentile unknown
Highest Controversy 2
Peer Highest Controversy Performance 1.4516129032258
Adult no
Gambling no
Alcoholic no
Tobacco no
Catholic no
Controversial Weapons no
Small Arms no
Military Contract no
Peer Count yes

Related Controversy: Employee Incidents


Governance scores

Governance ESG Factors Scores
Governance Score 3.3
Peer Governance Performance 5.1044827586207
Governance Percentile unknown

ESG at glance
Total ESG Scores: 11.8
Environment Score: 0.0
Social Score: 8.4
Governance Score: 3.3

ESG Performance: UNDER_PERF

Peer Group: Commercial Services

Peer Esg Score Performance: 16.342580645161

Rating Year: 2022

Rating Month: 8

Max Age: 86400

Percentile: 4