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KELYA - Kelly Services, Inc.

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Kelly Services, Inc.

KELYA

NASDAQ

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 direct-hire services in the areas of office, professional, light industrial, and contact center specialties. The Science, Engineering & Technology segment offers staffing, outcome-based, and direct-hire services in the areas of science and clinical research, engineering, information technology, and telecommunications specialties. The Education segment provides staffing and executive search services to early childhood, and higher education markets. The Outsourcing & Consulting segment offers recruitment process outsourcing (RPO), payroll process outsourcing, and talent advisory services, as well as managed services. The International segment provides staffing, RPO, and direct-hire services in Europe and Mexico. The company serves customers in the United States, Canada, Mexico, Puerto Rico, France, Switzerland, Portugal, Russia, the United Kingdom, Italy, Germany, Ireland, rest of Europe, and the Asia-Pacific region. Kelly Services, Inc. was founded in 1946 and is headquartered in Troy, Michigan.

12.97 USD

-0.03 (-0.231%)

Operating Data

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Revenue

4.52B

4.91B

4.97B

4.84B

882.6M

718.2M

584.42M

475.56M

386.98M

314.9M

Revenue %

-

8.72

1.13

-2.61

-81.75

-18.63

-18.63

-18.63

-18.63

Ebitda

-59.1M

241.1M

-13.4M

78.2M

39.9M

13.6M

11.07M

9.01M

7.33M

5.96M

Ebitda %

-1.31

4.91

-0.27

1.62

4.52

1.89

1.89

1.89

1.89

Ebit

-103.8M

188.3M

-69.1M

28.1M

-11M

-747.04k

-607.89k

-494.66k

-402.52k

-327.54k

Ebit %

-2.3

3.84

-1.39

0.58

-1.25

-0.1

-0.1

-0.1

-0.1

Depreciation

44.7M

52.8M

55.7M

50.1M

50.9M

14.35M

11.68M

9.5M

7.73M

6.29M

Depreciation %

0.99

1.08

1.12

1.04

5.77

2

2

2

2

Balance Sheet

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Total Cash

223M

112.7M

153.7M

125.8M

39M

24.92M

20.28M

16.5M

13.43M

10.93M

Total Cash %

4.94

2.3

3.1

2.6

4.42

3.47

3.47

3.47

3.47

Receivables

1.27B

1.42B

1.49B

1.16B

1.26B

303.14M

246.68M

200.73M

163.34M

132.91M

Receivables %

28.02

28.99

30.04

24

142.25

42.21

42.21

42.21

42.21

Inventories

1

1

-

-

-

0.06

0.05

0.04

0.03

0.03

Inventories %

0

0

-

-

-

0

0

0

0

Payable

536.8M

687.2M

723.3M

646.1M

613.8M

177.19M

144.18M

117.33M

95.47M

77.69M

Payable %

11.89

14

14.57

13.36

69.54

24.67

24.67

24.67

24.67

Cap Ex

-15.5M

-11.2M

-12M

-15.3M

-11.1M

-3.43M

-2.79M

-2.27M

-1.85M

-1.5M

Cap Ex %

-0.34

-0.23

-0.24

-0.32

-1.26

-0.48

-0.48

-0.48

-0.48

Weighted Average Cost Of Capital

Price

12.97

Beta

Diluted Shares Outstanding

35.5M

Costof Debt

4.02

Tax Rate

After Tax Cost Of Debt

0.11

Risk Free Rate

Market Risk Premium

Cost Of Equity

Total Debt

302.6M

Total Equity

460.44M

Total Capital

763.03M

Debt Weighting

39.66

Equity Weighting

60.34

Wacc

6.76

Build Up Free Cash Flow

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Revenue

4.52B

4.91B

4.97B

4.84B

882.6M

718.2M

584.42M

475.56M

386.98M

314.9M

Ebitda

-59.1M

241.1M

-13.4M

78.2M

39.9M

13.6M

11.07M

9.01M

7.33M

5.96M

Ebit

-103.8M

188.3M

-69.1M

28.1M

-11M

-747.04k

-607.89k

-494.66k

-402.52k

-327.54k

Tax Rate

97.26

97.26

97.26

97.26

97.26

97.26

97.26

97.26

97.26

97.26

Ebiat

-70.76M

158.2M

-61.43M

41.08M

-301.37k

-513.7k

-418.02k

-340.15k

-276.79k

-225.23k

Depreciation

44.7M

52.8M

55.7M

50.1M

50.9M

14.35M

11.68M

9.5M

7.73M

6.29M

Receivables

1.27B

1.42B

1.49B

1.16B

1.26B

303.14M

246.68M

200.73M

163.34M

132.91M

Inventories

1

1

-

-

-

0.06

0.05

0.04

0.03

0.03

Payable

536.8M

687.2M

723.3M

646.1M

613.8M

177.19M

144.18M

117.33M

95.47M

77.69M

Cap Ex

-15.5M

-11.2M

-12M

-15.3M

-11.1M

-3.43M

-2.79M

-2.27M

-1.85M

-1.5M

Ufcf

-769.96M

192.2M

-50.03M

329.68M

-87.7M

526.15M

31.93M

25.98M

21.14M

17.2M

Wacc

6.76

6.76

6.76

6.76

6.76

Pv Ufcf

492.84M

28.01M

21.35M

16.28M

12.41M

Sum Pv Ufcf

570.9M

Terminal Value

Growth In Perpetuity Method

Long Term Growth Rate

Wacc

6.76

Free Cash Flow T1

17.72M

Terminal Value

471.6M

Present Terminal Value

340.08M

Intrinsic Value

Enterprise Value

910.98M

Net Debt

263.6M

Equity Value

647.38M

Diluted Shares Outstanding

35.5M

Equity Value Per Share

18.24

Projected DCF

18.24 0.289%

DCF Levered

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