ADEN.SW

Strong BuySecond WindAI neutral

Adecco Group AG · Industrials · Switzerland · $5.2B

CHF 23.68 -0.5% · close 5 Oct · scored 7 Oct

Second Wind: Cheap and rising again, but the business does not yet earn the optimism.

92
StockRank
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Quality
47
Value
69
Momentum
75

Does StockRank work? Each month we publish how every decile did, whichever way it went. See the record →

P/E (TTM)
14.5x
peers 25.5x
ROE
8.7%
peers 12.6%
D/E
1.1x
peers 0.4x
Dividend %
4.2%
trailing yield
AI CONVICTION THESIS

Adecco is one of the world's largest staffing companies. Recent results beat expectations, and Deutsche Bank and BNP Paribas both upgraded the shares on a better macro outlook, lifting them to a four-month high. The business is still cyclical and labour-based, with thin margins. It is rolling out Salesforce AI agents across 40 countries, but it is not yet clear whether AI helps or hurts a model that earns from placing people.

ABOUT ADECCO GROUP AG

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Adecco Group AG provides comprehensive human resources solutions, including temporary staffing, permanent placement, and talent transformation globally. Its primary competitive advantage stems from its vast international footprint, extensive proprietary candidate databases, and diversified digital talent platforms. Adecco operates as a dominant global market leader in human capital services, maintaining cyclical but highly cash-generative operations.

FINANCIAL SUMMARY (CHF)

Year2022202320242025CAGRTTM2026E2027EFwd CAGR
Revenue22.1B22.4B21.6B21.6B-0.8%21.9B22.3B22.9B3.1%
EPS (CHF)1.921.811.691.65-5.0%1.651.701.897.2%
Shares167.1M167.6M167.4M168.1M+0.6%173.3M———
Debt3.5B3.4B3.3B3.0B-4.9%3.5B———
Equity3.6B3.4B3.3B3.2B-4.4%————
Op CF507.6M526.3M660.9M573.1M4.1%487.6M———
Inv CF-1.4B-195.4M-146.8M-145.8M—————
Fin CF-1.3B-579.6M-592.7M-431.9M—————
Loading 1Y...
PRICE (1Y) · CHF-1.3%
23.223.624.124.524.925 Aug15 Sep5 Oct
SMA 50SMA 200

Price checkExperimental
SwingsBumpy

Swung more than 50% of stocks we rank over the past year (41% a year).

How this is worked out

What it measures: day-to-day price moves over the past year, as a yearly figure, ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.

What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.

Calm is not safe: a calm stock can still slide steadily.

Rules fixed before any data was fetched. Describes the chart, not a recommendation.

Close
CHF 23.68
RSI (14)
45.6
52-Week Range-6.0% from high
Low CHF 14.54High CHF 25.18

SCORE BREAKDOWN

Quality
47
ROIC
7.4%43.4
ROE
8.7%49.3
GP/Assets
37.2%86.3
Op. Margin
2.4%24.2
FCF/Assets
3.2%51.6
Piotroski
534.6
Int. Cover
7.2x45.5
D/E Ratio
1.06x18.0
Current Ratio
1.15x21.4
Value
69
P/E (TTM)
14.5x65.0
EV/EBITDA
10.0x58.7
P/FCF
12.0x70.7
P/B
1.3x65.7
P/S
0.2x95.6
Div Yield
4.2%81.0
Momentum
75
52W High %
94%87.9
RS 6M
26%85.2
SMA 50/200
1.19x90.8
EPS Rev 4W
+0.1%88.2
EPS Rev 12W
+4.4%83.1
EPS Improve
+58%57.2
Q Growth
-19%22.3

FUNDAMENTALS

Market Cap
$5.2B
P/E (Forward)
9.2x
Gross Margin
18.9%

SECTOR PEERS

Closest peers in Industrials, ranked by industry match, size, and score similarity. Cross-listings of ADEN.SW are excluded.

TickerCompanyMkt CapStockRankSignal
ADEN.SWAdecco Group AG(you)$5.2B92Strong Buy
SFSN.SWSFS Group AG$6.5B88Strong Buy
DOKA.SWdormakaba Holding AG$3.1B92Strong Buy
DKSH.SWDKSH Holding AG$5.4B78Buy
BUCN.SWBucher Industries AG$4.0B82Strong Buy
BOSN.SWBossard Holding AG$2.4B80Buy
BCHN.SWBurckhardt Compression Holding AG$2.0B82Strong Buy
FORN.SWForbo Holding AG$1.6B85Strong Buy
SUN.SWSulzer AG$6.2B60Hold
ZEHN.SWZehnder Group AG$991M86Strong Buy

Peer medians: ROE 12.6% · P/E 25.5x · Gross margin 47.8%

Company Deep Dive

Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.

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Adecco Group AG (ADEN.SW): Stock Score Summary

Adecco Group AG (ADEN.SW) has a MoatMap StockRank of 92/100 based on Quality (47/100), Value (69/100), and Momentum (75/100) factor scores. The current signal is STRONG BUY. Adecco is one of the world's largest staffing companies. Recent results beat expectations, and Deutsche Bank and BNP Paribas both upgraded the shares on a better macro outlook, lifting them to a four-month high. The business is still cyclical and labour-based, with thin margins. It is rolling out Salesforce AI agents across 40 countries, but it is not yet clear whether AI helps or hurts a model that earns from placing people.

Adecco Group AG provides comprehensive human resources solutions, including temporary staffing, permanent placement, and talent transformation globally. Its primary competitive advantage stems from its vast international footprint, extensive proprietary candidate databases, and diversified digital talent platforms. Adecco operates as a dominant global market leader in human capital services, maintaining cyclical but highly cash-generative operations.

Key Financial Metrics

PriceCHF 23.68
Market Cap$5.2B
P/E (TTM)14.51
P/E (Forward)9.18
Price/Book1.34
Return on Equity8.7%
Return on Invested Capital7.4%
Debt/Equity1.06x
Gross Margin18.9%
Operating Margin2.4%
Revenue Growth3.8%
Dividend Yield4.2%
Free Cash Flow$435M

Adecco Group AG operates in the Staffing & Employment Services industry, part of the Industrials sector (Switzerland).

Frequently Asked Questions

What is Adecco Group AG’s (ADEN.SW) StockRank?
MoatMap’s StockRank for Adecco Group AG (ADEN.SW) is 92/100, with a Strong Buy signal. It is a composite of Quality (47), Value (69), and Momentum (75) factor ranks across MoatMap’s universe of 24,000+ stocks.
Does Adecco Group AG have an economic moat?
Adecco Group AG (ADEN.SW) has a Quality factor score of 47/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage: the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is Adecco Group AG a buy, hold, or sell?
MoatMap’s current signal for Adecco Group AG (ADEN.SW) is Strong Buy, based on a StockRank of 92/100. Signals are derived mechanically from the StockRank composite and should be one input among many; combine with your own thesis on management, competitive position, and valuation.
What sector is Adecco Group AG in?
Adecco Group AG (ADEN.SW) operates in the Industrials sector, specifically the Staffing & Employment Services industry (Switzerland).