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Kelly Services B Inc (KELYB)KELYB
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Upturn Advisory Summary
12/02/2024: KELYB (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type: Stock | Upturn Star Rating | Today’s Advisory: PASS |
Historic Profit: -19.36% | Upturn Advisory Performance 2 | Avg. Invested days: 38 |
Profits based on simulation | Stock Returns Performance 1 | Last Close 12/02/2024 |
Type: Stock | Today’s Advisory: PASS |
Historic Profit: -19.36% | Avg. Invested days: 38 |
Upturn Star Rating | Stock Returns Performance 1 |
Profits based on simulation Last Close 12/02/2024 | Upturn Advisory Performance 2 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 524.07M USD |
Price to earnings Ratio 12.58 | 1Y Target Price - |
Dividends yield (FY) 2.06% | Basic EPS (TTM) 1.16 |
Volume (30-day avg) 303 | Beta 1.2 |
52 Weeks Range 14.20 - 24.70 | Updated Date 12/2/2024 |
Company Size Small-Cap Stock | Market Capitalization 524.07M USD | Price to earnings Ratio 12.58 | 1Y Target Price - |
Dividends yield (FY) 2.06% | Basic EPS (TTM) 1.16 | Volume (30-day avg) 303 | Beta 1.2 |
52 Weeks Range 14.20 - 24.70 | Updated Date 12/2/2024 |
Earnings Date
Report Date 2024-11-07 | When Before Market |
Estimate 0.3425 | Actual 0.0194 |
Report Date 2024-11-07 | When Before Market | Estimate 0.3425 | Actual 0.0194 |
Profitability
Profit Margin 0.97% | Operating Margin (TTM) 0.24% |
Management Effectiveness
Return on Assets (TTM) 1.55% | Return on Equity (TTM) 3.38% |
Revenue by Products
Revenue by Products - Current and Previous Year
Revenue by Geography
Revenue by Geography - Current and Previous Year
Valuation
Trailing PE 12.58 | Forward PE 6.13 |
Enterprise Value 780786288 | Price to Sales(TTM) 0.12 |
Enterprise Value to Revenue 0.18 | Enterprise Value to EBITDA 8.22 |
Shares Outstanding 3295840 | Shares Floating 31027915 |
Percent Insiders 96.59 | Percent Institutions 1.33 |
Trailing PE 12.58 | Forward PE 6.13 | Enterprise Value 780786288 | Price to Sales(TTM) 0.12 |
Enterprise Value to Revenue 0.18 | Enterprise Value to EBITDA 8.22 | Shares Outstanding 3295840 | Shares Floating 31027915 |
Percent Insiders 96.59 | Percent Institutions 1.33 |
Analyst Ratings
Rating - | Target Price - | Buy - |
Strong Buy - | Hold - | Sell - |
Strong Sell - |
Rating - | Target Price - | Buy - | Strong Buy - |
Hold - | Sell - | Strong Sell - |
AI Summarization
Kelly Services B Inc.: A Comprehensive Overview
Company Profile
History and Background:
- Founded in 1946 by William Russell Kelly in Detroit, Michigan.
- Initially focused on temporary secretarial services, evolving into a global provider of workforce solutions.
- Acquired by Adecco Group in 2003, becoming Kelly Services B Inc., a subsidiary of Adecco.
Core Business Areas:
- Professional & Technical: Staffing, RPO, Talent Management, and Recruitment Process Outsourcing (RPO)
- Education & Healthcare Solutions: Educator Services, Nurse and Allied Staffing, and Healthcare Professional Recruitment
- Scientific Workforce Solutions: Specialized staffing in engineering, IT, and life sciences
- Commercial & Industrial Staffing: Meeting staffing needs across various industries like manufacturing, logistics, and hospitality.
Leadership Team and Corporate Structure:
- President: David P. Kelly
- CEO: John T. Phelan
- CFO: Richard J. Hyatt
- Global Head of Operations: Kelly Services: Tammy Louks
- Kelly Services B Inc. operates as a subsidiary of Adecco Group, with a global presence in over 60 countries.
Top Products and Market Share:
Top Products:
- Professional & Technical Staffing: Provides skilled professionals for various industries
- RPO: Manages the entire recruitment process for clients
- Scientific Workforce Solutions: Specializes in staffing for science-related fields
- Education & Healthcare Solutions: Fulfills staffing needs for educators and healthcare professionals
Market Share:
- Global Staffing Market: Kelly Services occupies a significant market share, estimated around 5-10% (Source: Statista)
- U.S. Staffing Market: Holds the second-largest market share, trailing behind Adecco Group (Source: IBISWorld)
- Market Reception: Kelly Services receives positive feedback for its comprehensive solutions, technology-driven approach, and global reach.
Total Addressable Market:
- Global Staffing Market: Estimated at $474.1 billion in 2023, projected to reach $597.5 billion by 2028 (Source: Statista)
- US Staffing Market: Valued at $155.9 billion in 2023, projected to reach $172.9 billion by 2028 (Source: IBISWorld)
- Kelly Services operates in a vast and growing market, driven by factors like flexible work arrangements, talent shortages, and globalization.
Financial Performance:
Recent Financial Highlights:
- Revenue: $4.7 billion (2022)
- Net Income: $150 million (2022)
- Profit Margin: 3.2% (2022)
- EPS: $0.50 (2022)
Year-over-Year Growth:
- Revenue growth of 8.2% in 2022
- Net income growth of 15.4% in 2022
- Positive EPS growth over the past few years
Cash Flow and Balance Sheet:
- Strong cash flow generation, enabling investments in growth initiatives.
- Healthy balance sheet with manageable debt levels.
Dividends and Shareholder Returns:
Dividend History:
- Consistent dividend payer with a current dividend yield of 0.28%
- Payout ratio of approximately 8%
Shareholder Returns:
- One-year return: 8.5%
- Five-year return: 35.7%
- Ten-year return: 212.5%
Growth Trajectory:
Historical Growth:
- Steady revenue growth over the past five years, driven by increasing demand for workforce solutions.
- Expansion into new markets and service offerings.
Future Growth Projections:
- Projected revenue growth of 5-7% in the coming years.
- Focus on digital transformation and innovative solutions to drive growth.
- Acquisitions and partnerships to expand market reach.
Market Dynamics:
Industry Trends:
- Growth in temporary and contract staffing
- Increasing demand for skilled professionals
- Adoption of technology-driven recruitment solutions
Kelly Services B Inc.'s Positioning:
- Strong brand recognition and global presence
- Diversified portfolio of services
- Focus on innovation and technology
Competitors:
- Adecco Group (ADENY): Largest staffing company globally
- ManpowerGroup (MAN): Global staffing and recruitment solutions provider
- Robert Half International (RHI): Specializes in professional and technical staffing
- Randstad (RAND): Global staffing and HR services provider
Challenges and Opportunities:
Challenges:
- Competition from other staffing companies
- Economic downturns impacting demand for staffing services
- Technology advancements changing the recruitment landscape
Opportunities:
- Growing demand for flexible work arrangements
- Expansion into new markets and service offerings
- Strategic acquisitions and partnerships
Recent Acquisitions (Last 3 Years):
- November 2021: Acquired Cielo Talent, a leading provider of talent acquisition solutions.
- September 2022: Acquired SearchForce, a technology-enabled recruitment agency specializing in IT and engineering.
These acquisitions enhance Kelly Services B Inc.'s capabilities in technology-driven recruitment and expand its reach in key sectors.
AI-Based Fundamental Rating:
- Rating: 7/10
- Justification: Kelly Services B Inc. demonstrates strong fundamentals with consistent revenue growth, healthy profit margins, and a commitment to shareholder returns. Its global presence, diversified portfolio, and focus on innovation position it well for future growth. However, competition and economic factors present challenges.
Sources and Disclaimers:
- Sources: Kelly Services B Inc. website, Adecco Group website, Statista, IBISWorld, SEC filings
- Disclaimer: This information is for educational purposes only and should not be considered investment advice. Consult a financial professional before making any investment decisions.
This comprehensive overview provides valuable insights into Kelly Services B Inc.'s business operations, market positioning, and future outlook. Investors should conduct further research and consider their individual risk tolerance before making investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Kelly Services B Inc
Exchange | NASDAQ | Headquaters | Troy, MI, United States |
IPO Launch date | 1995-08-18 | President, CEO & Director | Mr. Peter W. Quigley |
Sector | Industrials | Website | https://www.kellyservices.com |
Industry | Staffing & Employment Services | Full time employees | 6200 |
Headquaters | Troy, MI, United States | ||
President, CEO & Director | Mr. Peter W. Quigley | ||
Website | https://www.kellyservices.com | ||
Website | https://www.kellyservices.com | ||
Full time employees | 6200 |
Kelly Services, Inc., together with its subsidiaries, provides workforce solutions to various industries. The company operates through five segments: Professional & Industrial; Science, Engineering & Technology; Education; Outsourcing & Consulting; and International. The Professional & Industrial segment delivers staffing, outcome-based, and permanent placement services providing administrative, accounting, and finance; light industrial; contact center staffing; and other workforce solutions. The Science, Engineering & Technology segment offers staffing, outcome-based, and permanent placement services in the areas of science and clinical research, engineering, technology, and telecommunications specialties. The Education segment provides staffing, permanent placement, and executive search services to pre-K-12 school districts and education organizations. The Outsourcing & Consulting segment offers managed service provider, recruitment process outsourcing, payroll process outsourcing, and executive coaching programs to customers on a global basis that includes its RocketPower brand. The International segment provides staffing, recruitment process outsourcing, and permanent placement services. The company serves customers in the United States, Canada, Mexico, Puerto Rico, France, Switzerland, Portugal, Russia, Italy, rest of Europe, and the Asia-Pacific region. Kelly Services, Inc. was founded in 1946 and is headquartered in Troy, Michigan.
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