Read more about M&A activity and trends in this sector
Professional Services Industry Update
Download PDFCompany | Earnings Date | M&A Sentiment | Management M&A Commentary |
|---|---|---|---|
Resources Connection | January 3 | Active |
|
Korn Ferry | December 6 | Active |
|
Kelly Services | November 9 | Active |
|
AMN Healthcare | November 2 | Active |
|
Kforce | October 30 | Pause |
|
ASGN | October 25 | Active |
|
Robert Half | October 24 | Pause |
|
TrueBlue | October 24 | Opportunistic |
|
Manpower Group | October 19 | Pause |
|
Global professional services industry participants include providers of consulting services, on-shore and off-shore outsourced solutions, data and information services, human capital management and workforce solutions, and risk and compliance services. Key public industry players in each sub-sector are categorized as follows:
Sub-sector | Mean Public Trading Multiples(1) | Description of Business Platform | Key Select Industry Leadership | |
|---|---|---|---|---|
| Business Process Outsourcing | TEV / LTM Rev: 1.72x TEV / LTM EBITDA: 10.8x | On-shore and off-shore outsourced third-party solutions |
|
|
| Diversified Data & Information Services | TEV / LTM Rev: 6.92x TEV / LTM EBITDA: 23.5x | Providers of data, analytics, and business information services |
|
|
| Data & Information Services: Financial & Media | TEV / LTM Rev: 6.74x TEV / LTM EBITDA: 23.5x | Companies offering research, insights, and analytics related to financial market data |
|
|
| Governance, Risk, and Compliance Services | TEV / LTM Rev: 5.49x TEV / LTM EBITDA: 17.7x | Providers of compliance and risk management solutions |
|
|
| HR Staffing & Professional Services | TEV / LTM Rev: 0.96x TEV / LTM EBITDA: 11.0x | Workforce solutions |
|
|
| Human Resource Outsourcing | TEV / LTM Rev: 3.53x TEV / LTM EBITDA: 14.9x | Outsourced human capital management service offerings |
|
|
| IT Consulting | TEV / LTM Rev: 2.37x TEV / LTM EBITDA: 15.4x | Providers of information technology solutions |
|
|
| Speciality Consulting | TEV / LTM Rev: 1.93x TEV / LTM EBITDA: 16.2x | Advisory, consulting, and analytic service offerings |
|
|
HR Staffing & Professional Services: Indexed Stock Performance
| Consensus Estimate | Actual Results | % Difference | |||
|---|---|---|---|---|---|---|
HR Staffing & Professional Services Co. | EPS(1) | Revenue | EPS(1) | Revenue | EPS(1) | Revenue |
Manpower Group | $1.34 | $4,722 | $1.38 | $4,676 | 2.9% | (0.9%) |
Robert Half | $0.82 | $1,544 | $0.90 | $1,564 | 9.8% | 1.3% |
Kelly Services | $0.26 | $1,172 | $0.30 | $1,118 | 15.4% | (4.6)% |
ASGN | $1.56 | $1,113 | $1.03 | $1,117 | (34.0%) | 0.4% |
AMN Healthcare | $1.63 | $851 | $1.97 | $853 | 20.9% | 0.3% |
Korn Ferry* | $0.95 | $687 | $0.97 | $704 | 2.1% | 2.4% |
TrueBlue | $0.24 | $489 | $0.16 | $473 | (33.3%) | (3.2%) |
Kforce | $0.75 | $363 | $0.90 | $373 | 20.0% | 2.9% |
Resources Connection* | $0.11 | $162 | $0.14 | $163 | 27.3% | 0.8% |
We hope you find this information valuable, and as always, feel free to reach out if you would like to discuss in further detail. To read the full report, download the PDF below.
1. Normalized EPS that excludes the effects of exceptional items to standardize the metric across the peer group
2. Select HR Staffing & Professional Services companies include those defined in the table above
*: Resources Connection and Korn Ferry reported Q2 2024 Earnings
Professional Services Industry Update
Download PDF
Industry
Business services
KPMG Corporate Finance LLC's investment bankers have extensive Business Services transaction and industry experience, which enables them to understand the industry-specific issues and challenges facing our clients.
Insight
Professional Services Sector Update - Spring 2023
Read more about M&A trends and activity in this sector
Insight
Insights
Learn about the latest trends in mergers and acquisitions with KPMG Corporate Finance LLC.
In today’s market, you need an advisor with objective insight at every step of the transaction process. We work with you throughout the full deal cycle to create value and successfully execute your deal strategy.
