Hays (HAS)

Company name:	Hays Plc
Company Description:	Personnel activities and to take advantage of the deregulation of the UK mail market before considering a disposal of the Mail business. Personnel, specialist recruitment and HR services. Mail, premium mail and specialist courier services. Businesses being disposed of, specialist logistics, information management, business process outsourcing and non-UK mail services
EPIC:	HAS	Trading Currency:	GBX
Market Sector:	F25F	ISIN:	GB0004161021
Market Segment:	STMM	Share Type:	DE
WWW Address:	http://www.hays-plc.com/	Description:	ORD 1P
Industry Sector:	SUPPORT SERVICES

Price	Price Change [%]	Bid	Offer	Open	High	Low	Volume
143.20	0.7 [0.49]	143.50	143.80	144.30	145.50	141.90	3,017,108
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
2,403.73	1,678.58	0.07	3.14	1.11	45.61	0.78	186.00 - 85.25

Hays Key Figures

(at previous day's close)
Market Cap.	2,403.73	m
Shares In Issue	1,678.58	m
Prev. Close	142.50
PE Ratio	45.61
Dividend Yield	0.78	%
EPS - basic	3.14	p
Dividend PS	1.11	p
Dividend Cover	2.83
Cash Flow PS	21.10	p
Return On Equity (ROE)	5.57	%
Operating Margin	1.46	%
PEG Factor	-0.64
EPS Growth Rate	-71.71	%
Dividends PS Growth Rate	-72.04	%
Net Debt	602.00	m
Gross Gearing	56.01	%
Quick Assets	1,378.70	m
Net Working Capital	493.80	m
Intangibles / Fixed Assets	84.55	%
Turnover PS	353.25	p
Pre-Tax Profit PS	5.14	p
Retained Profit PS	-4.41	p
Cash PS	28.86	p
Net Cash PS	-23.85	p
Net Tangible Asset Value PS *	22.57	p
Net Asset Value PS	50.84	p
Spread	0.30 (0.21%)
* Calculation based on Ordinary Capital figure as contained in last annual report, and the most recent shares in issue figure. Therefore the ratio might be exposed to inaccuracies.

Hays Balance Sheet

Share Price Performance

Sample Period ^†	High	Low
1 week	145.50	128.30
4 weeks	145.50	108.30
12 weeks	145.50	104.40
1 year	186.00	85.25

Share Price Chart (5 years)

Hays Historic Returns

Period ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	129.30	13.90	10.75	128.30	3.90		134.04
4 weeks	111.30	31.90	28.66	108.30	3.56		132.45
12 weeks	116.30	26.90	23.13	104.40	3.30		119.20
26 weeks	123.00	20.20	16.42	104.40	3.00		120.27
1 year	167.60	-24.40	-14.56	85.25	3.54		125.14
3 years	185.30	-42.10	-22.72	85.25	3.82		154.65
5 years	140.70	2.50	1.78	85.25	3.91		150.61
† periods calculated are whole weeks rather than calendar months

Hays Key Management Ratios

Hays Investment Ratios

(Market value analysis) at previous day's close
PQ Ratio	11.72
PE Ratio	45.61
Tobin's Q Ratio	1.40
Tobin's Q Ratio (excl. intangibles)	1.78
Dividend Yield	0.78	%
Market-to-Book Ratio	2.82
Price-to-Pre-Tax Profit PS	27.85
Price-to-Retained Profit PS	-32.44
Price-to-Cash Flow PS	6.79
Price-to-Sales PS	0.41
Price-to-Net Tangible Asset Value PS	6.34
Price-to-Cash PS	4.96
Net Working Capital PS	29.42
Price Pct to Working Capital PS	4.87	%
Earnings Yield	2.19	%
Average PE	19.35
Years in average	5
PE to PE average	235.70	%

Hays Financial Ratios

(Leverage Ratios)
Debt Ratio	19.11	%
Debt-to-Equity Ratio	0.24
Debt-to-Equity Ratio (excl. Intgbl)	0.53
Debt-to-Equity Market Value	0.08
Net Gearing	31.03	%
Net Gearing (excl. Intangibles)	41.08	%
Gross Gearing	56.01	%
Gross Gearing (excl. Intangibles)	74.14	%
Gearing Under 1 Year	45.62	%
Gearing Under 1 Year (excl. Intgbl)	60.39	%
Assets/Equity	2.27
Cash/Equity	56.77
(Liquidity Ratios)
Net Working Capital to Total Assets	25.45	%
Current Ratio	1.56
Quick Ratio (Acid Test)	1.56
Liquidity Ratio	0.55
Cash & Equiv/Current Assets	35.14	%
(Solvency Ratios)
Enterprise Value	2,120.83	m
CFO/Sales	0.06
CFO/Attributable Profit	7.46
CFO/Assets	0.18
CFO/Debt	0.33
Total Debt/Equity Market Value	0.45
Total Debt/Sales	0.18
Total Debt/Pre-Tax Profit	12.59
Total Debt	1,086.50	m
Total Debt/Net Current Assets	2.20	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	-	%
5 yr Compound Earnings Growth	-	%
10 yr Compound Earnings Growth	-	%
Earn drops > 5% in 10yrs	10

Beta (60-Mnth)	Beta (36-Mnth)
0.0719	0.0737

Hays Operating Ratios

(Profitability Ratios)
Return On Capital Employed (ROCE)	8.18	%
Return On Assets (ROA)	2.76	%
Net Profit Margin	0.80	%
Assets Turnover	3.44
Return On Equity (ROE)	5.57	%
Return On Investment (ROI)	5.36	%
Dividend Payout Ratio	35.35	%
Plowback Ratio	64.65	%
Growth from Plowback Ratio	3.95	%
Net Income Of Revenues	-1.25	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	7.63
Fixed Assets Turnover	13.48
Current Assets Turnover	4.63
Net Working Capital Turnover
Inventory Turnover	-
(Other Operating Ratios)
Total Assets-to-Sales	0.29
Debtors-to-Sales	16.44	%
Debt Collection Period	59.99	Days

Hays Dividends

Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
20 Feb 2020	Interim	GBX	1.11	30/06/2019	30/06/2020	05/03/2020	06/03/2020	09/04/2020	1.11
29 Aug 2019	Final	GBX	2.86	30/06/2018	30/06/2019	03/10/2019	04/10/2019	15/11/2019	3.97
29 Aug 2019	Special	GBX	5.43	30/06/2018	30/06/2019	03/10/2019	04/10/2019	15/11/2019	-
21 Feb 2019	Interim	GBX	1.11	30/06/2018	30/06/2019	07/03/2019	08/03/2019	12/04/2019	-
30 Aug 2018	Special	GBX	5.00	30/06/2017	30/06/2018	04/10/2018	05/10/2018	16/11/2018	-
30 Aug 2018	Final	GBX	2.75	30/06/2017	30/06/2018	04/10/2018	05/10/2018	16/11/2018	3.81
22 Feb 2018	Interim	GBX	1.06	30/06/2017	30/06/2018	01/03/2018	02/03/2018	12/04/2018	-
31 Aug 2017	Special	GBX	4.25	30/06/2016	30/06/2017	05/10/2017	06/10/2017	17/11/2017	-
31 Aug 2017	Final	GBX	2.26	30/06/2016	30/06/2017	05/10/2017	06/10/2017	17/11/2017	3.22
22 Feb 2017	Interim	GBX	0.96	30/06/2016	30/06/2017	02/03/2017	03/03/2017	07/04/2017	-
01 Sep 2016	Final	GBX	1.99	30/06/2015	30/06/2016	13/10/2016	14/10/2016	11/11/2016	2.90
24 Feb 2016	Interim	GBX	0.91	30/06/2015	30/06/2016	03/03/2016	04/03/2016	05/04/2016	-
27 Aug 2015	Final	GBX	1.89	30/06/2014	30/06/2015	08/10/2015	09/10/2015	13/11/2015	2.76
25 Feb 2015	Interim	GBX	0.87	30/06/2014	30/06/2015	05/03/2015	06/03/2015	08/04/2015	-
28 Aug 2014	Final	GBX	1.80	30/06/2013	30/06/2014	08/10/2014	10/10/2014	14/11/2014	2.63
26 Feb 2014	Interim	GBX	0.83	30/06/2013	30/06/2014	05/03/2014	07/03/2014	09/04/2014	-
29 Aug 2013	Final	GBX	1.67	30/06/2012	30/06/2013	09/10/2013	11/10/2013	15/11/2013	2.50
28 Feb 2013	Interim	GBX	0.83	30/06/2012	30/06/2013	06/03/2013	08/03/2013	15/04/2013	-
30 Aug 2012	Final	GBX	1.67	30/06/2011	30/06/2012	10/10/2012	12/10/2012	16/11/2012	2.50
22 Feb 2012	Interim	GBX	0.83	30/06/2011	30/06/2012	29/02/2012	02/03/2012	10/04/2012	-
01 Sep 2011	Final	GBX	3.95	30/06/2010	30/06/2011	12/10/2011	14/10/2011	18/11/2011	5.80
28 Feb 2011	Interim	GBX	1.85	30/06/2010	30/06/2011	09/03/2011	11/03/2011	15/04/2011	-
02 Sep 2010	Final	GBX	3.95	30/06/2009	30/06/2010	20/10/2010	22/10/2010	19/11/2010	5.80
25 Feb 2010	Interim	GBX	1.85	30/06/2009	30/06/2010	03/03/2010	05/03/2010	01/04/2010	-
03 Sep 2009	Final	GBX	3.95	30/06/2008	30/06/2009	21/10/2009	23/10/2009	20/11/2009	5.80
26 Feb 2009	Interim	GBX	1.85	01/07/2008	31/12/2008	18/03/2009	20/03/2009	17/04/2009	-
02 Sep 2008	Final	GBX	3.95	30/06/2007	30/06/2008	22/10/2008	24/10/2008	21/11/2008	5.80
26 Feb 2008	Interim	GBX	1.85	01/07/2007	31/12/2007	23/03/2008	25/03/2008	15/04/2008	-
04 Sep 2007	Final	GBX	3.40	31/12/2006	31/12/2007	17/10/2007	19/10/2007	20/11/2007	5.00
25 Feb 2007	Interim	GBX	1.60	01/07/2006	31/12/2006	18/04/2007	20/04/2007	25/05/2007	-
05 Sep 2006	Final	GBX	2.90	30/06/2005	30/06/2006	18/10/2006	20/10/2006	21/11/2006	4.35
28 Feb 2006	Interim	GBX	1.45	01/07/2005	31/12/2005	19/04/2006	21/04/2006	26/05/2006	-
06 Sep 2005	Final	GBX	2.27	30/06/2004	30/06/2005	05/10/2005	07/10/2005	08/11/2005	3.40
01 Mar 2005	Interim	GBX	1.13	01/07/2004	31/12/2004	20/04/2005	22/04/2005	27/05/2005	-
07 Sep 2004	Final	GBX	2.00	30/06/2003	30/06/2004	20/10/2004	22/10/2004	26/11/2004	3.00
09 Mar 2004	Interim	GBX	1.00	01/07/2003	31/12/2003	21/04/2004	23/04/2004	28/05/2004	-
08 Sep 2003	Final	GBX	3.63	30/06/2002	30/06/2003	22/10/2003	24/10/2003	28/11/2003	5.38
04 Mar 2003	Interim	GBX	1.75	01/07/2002	31/12/2002	23/04/2003	25/04/2003	30/05/2003	-
10 Sep 2002	Final	GBX	3.16	30/06/2001	30/06/2002	23/10/2002	25/10/2002	29/11/2002	4.68
05 Mar 2002	Interim	GBX	1.52	01/07/2001	31/12/2001	24/04/2002	26/04/2002	31/05/2002	-
10 Sep 2001	Final	GBX	2.75	30/06/2000	30/06/2001	24/10/2001	26/10/2001	30/11/2001	4.07
05 Mar 2001	Interim	GBX	1.32	01/07/2000	31/12/2000	25/04/2001	27/04/2001	31/05/2001	-
31 Aug 2000	Final	GBX	2.39	30/06/1999	30/06/2000	23/10/2000	27/10/2000	30/11/2000	3.54
06 Mar 2000	Interim	GBX	1.15	01/07/1999	31/12/1999	25/04/2000	02/05/2000	31/05/2000	-
13 Sep 1999	Final	GBX	2.08	30/06/1998	30/06/1999	25/10/1999	29/10/1999	29/11/1999	3.08
01 Mar 1999	Interim	GBX	1.00	01/07/1998	31/12/1998	26/04/1999	30/04/1999	28/05/1999	-
14 Sep 1998	Final	GBX	1.81	30/06/1997	30/06/1998	26/10/1998	30/10/1998	30/11/1998	2.68

Hays Fundamentals

	30 Jun 2017 (GBP)		30 Jun 2018 (GBP)		30 Jun 2019 (GBP)		30 Jun 2020 (GBP)
turnover	5,081.00	100.00%	5,753.30	100.00%	6,070.50	100.00%	5,929.50	100.00%	m
pre tax profit	204.60	4.03%	238.50	4.15%	231.20	3.81%	86.30	1.46%	m
attributable profit	139.10	2.74%	165.80	2.88%	161.70	2.66%	47.50	0.80%	m
retained profit	96.50	1.90%	56.10	0.98%	32.60	0.54%	-74.10	-1.25%	m
eps - basic (p)	9.66		11.44		11.10		3.14
eps - diluted (p)	9.54		11.30		10.97		3.10
dividends per share	3.22		3.81		3.97		1.11

Hays Balance Sheet

	30 Jun 2017 (GBP)		30 Jun 2018 (GBP)		30 Jun 2019 (GBP)		30 Jun 2020 (GBP)


	30 Jun 2017 (GBP)		30 Jun 2018 (GBP)		30 Jun 2019 (GBP)		30 Jun 2020 (GBP)
ASSETS
fixed assets	24.00	1.83%	29.30	1.94%	33.00	2.20%	31.40	1.62%	m
intangibles	241.90	18.47%	247.00	16.37%	265.60	17.67%	474.50	24.46%	m
fixed investments	-	-%	-	-%	19.70	1.31%	55.30	2.85%	m
current assets - other	-	-%	-	-%	-	-%	-	-%	m
stocks	-	-%	-	-%	-	-%	-	-%	m
debtors	931.50	71.14%	1,109.50	73.54%	1,054.90	70.19%	894.20	46.10%	m
cash & securities	112.00	8.55%	122.90	8.15%	129.70	8.63%	484.50	24.98%	m

TOTAL	1,309.40	100%	1,508.70	100%	1,502.90	100%	1,939.90	100%	m

LIABILITIES
creditors - short	716.60	54.73%	784.70	52.01%	785.90	52.29%	884.90	45.62%	m
creditors - long	6.40	0.49%	23.50	1.56%	15.50	1.03%	201.60	10.39%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	723.00	55.22%	808.20	53.57%	801.40	53.32%	1,086.50	56.01%	m

EQUITY
ord cap, reserves	586.40	44.78%	700.50	46.43%	701.50	46.68%	853.40	43.99%	m
prefs, minorities	-	-%	-	-%	-	-%	-	-%	m

TOTAL	586.40	44.78%	700.50	46.43%	701.50	46.68%	853.40	43.99%	m

OTHER
NAV Basic	-		-		-		-
NAV Diluted	-		-		-		-

Hays Cash Flow Statement

	30 Jun 2017 (GBP)	30 Jun 2018 (GBP)	30 Jun 2019 (GBP)	30 Jun 2020 (GBP)
Operating CF	134.00	162.50	168.90	354.20	m
Pre-Financing CF	113.20	124.40	136.50	328.80	m
Retained CF	43.30	13.00	5.90	355.30	m

Hays Brokers

Name	Activity	Type	Mnemonic	Code
Cenkos Securities Plc	Market Maker(MME)	Broker/Dealer	CNKS	CNKOGB21
Evolution Securities Limited	Market Maker(MME)	Broker/Dealer	EVO	EVBGGB21MMT
Shore Capital Stockbrokers Ltd	Market Maker(MME)	Broker/Dealer	SCAP	SHOCGB21
Winterflood Securities Ltd	Market Maker(MME)	Broker/Dealer	WINS	WNTSGB2LBIC