RHI

Robert Half International Inc.

Finance/Real Estate


Presented:04/14/2020
Price:$41.74
Cap:$4.81B
Current Price:$67.65
Cap:$7.04B

Presented

Date04/14/2020
Price$41.74
Market Cap$4.81B
Ent Value$7.26B
P/E Ratio10.69x
Book Value$9.94
Div Yield3.04%
Shares O/S115.12M
Ave Daily Vol1,431,540
Short Int7.00%

Current

Price$67.65
Market Cap$7.04B
Robert Half International, Inc. engages in the provision of staffing and risk consulting services. It operates through the following segments: Temporary and Consultant Staffing, Permanent Placement Staffing and Risk Consulting & Internal Audit Services. The Temporary and Consultant Staffing segment offers staffing in the accounting and finance, administrative and office, information technology, legal, advertising, marketing, and web design fields. The Permanent Placement Staffing segment provides full-time personnel in the accounting, finance, administrative & office and information technology fields. The Risk Consulting and Internal Audit Services segment comprises business and technology risk consulting and internal audit services. The company was founded by Robert Half in 1948 and is headquartered in Menlo Park, CA.

Publicly traded companies mentioned herein: Fiver International Ltd (FVRR), Upwork Inc (UPWK), Robert Half International Inc (RHI)

Highlights

The presenter is short shares of Robert Half International Inc (RHI), which he views as a simple bet on unemployment numbers worsening and RHI missing expectations over the next 12 months. RHI generated $6B in revenue last year and the Street is now estimating they’ll do $5B in revenue for 2020. He believes that the company will actually generate $4B in revenue this year and will trade at 1x sales or even lower. Historically, the stock has troughed at 1x sales. In that scenario, the stock should trade closer to ~$30.00/share, representing 25% downside from its current price. 

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Idea Discussion

Commentor 1 - 2 weeks ago

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