Robert Walters (RWA) AI Stock Analysis

• Market Cap: £56.17M
• Dividend Yield: 12.88%
• Average Volume (3M): 168.69K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.93
• Revenue Growth: -14.31%
• EPS Growth: -361.93%
• Country: UK
• Employees: 3,294
• Sector: Industrials
• Sector Strength: 72
• Industry: Staffing & Employment Services
• EPS (TTM): -0.24
• Shares Outstanding: 72,357,700
• 10 Day Avg. Volume: 271,449
• 30 Day Avg. Volume: 168,695
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.88
• Price to Sales (P/S): 0.11
• P/FCF Ratio: 11.93
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: £200.00
• Price Target Upside: 39.37% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): -0.13
• Revenue Forecast (FY): £567.72M

• Rating: 46 Neutral
• Price Target: 84.00 p ▼(-41.46% Downside)
• Action: Reiterated Date: 03/12/26
• Date: Action: Reiterated 03/12/26

The score is primarily weighed down by deteriorating financial performance (shrinking revenue, compressed margins, and losses) and a clearly bearish technical trend (price below all key moving averages and negative MACD). Positive operating/free cash flow and a very high dividend yield provide some support, but the sharp decline in free cash flow and loss-making profile keep the overall risk elevated.

Positive Factors

Positive operating and free cash flow

Sustained positive operating and free cash flow through 2024–2025 provides a durable liquidity buffer that supports day-to-day operations, funds working capital and payouts, and reduces short-term refinancing risk. This cash generation gives management flexibility to navigate a multi-quarter downturn and invest in recovery initiatives without immediate external financing.

Negative Factors

Three-year revenue decline

A multi-year revenue contraction signals deeper demand or competitive issues rather than a transient slowdown. Persistent top-line decline undermines scale economics, reduces recurring fee flows, pressures utilization of specialist teams, and makes margin recovery harder absent new client wins, product shifts, or geographic expansion.

Robert Walters Business Overview & Revenue Model

Company Description

Robert Walters plc, together with its subsidiaries, provides professional recruitment consultancy services worldwide. The company offers permanent, contract, and interim recruitment services in the fields of accounting and finance, banking and fin...

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Robert Walters plc, together with its subsidiaries, provides professional recruitment consultancy services worldwide. The company offers permanent, contract, and interim recruitment services in the fields of accounting and finance, banking and fin...

How the Company Makes Money

Robert Walters makes money primarily by earning recruitment fees for successfully placing candidates with client companies. Its main revenue streams are (1) permanent recruitment fees, typically charged as a percentage of the placed candidate’s ag...

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Robert Walters makes money primarily by earning recruitment fees for successfully placing candidates with client companies. Its main revenue streams are (1) permanent recruitment fees, typically charged as a percentage of the placed candidate’s ag...

Robert Walters Financial Statement Overview

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	781.10M	892.10M	1.06B	1.10B	970.70M
Gross Profit	251.70M	321.40M	386.80M	428.20M	353.60M
EBITDA	7.60M	28.10M	49.60M	80.80M	74.20M
Net Income	-26.80M	-6.00M	13.40M	39.10M	33.50M
Balance Sheet
Total Assets	294.50M	355.50M	415.70M	474.10M	446.30M
Cash, Cash Equivalents and Short-Term Investments	49.10M	68.10M	95.70M	123.20M	142.30M
Total Debt	90.90M	88.00M	95.00M	102.50M	82.10M
Total Liabilities	193.30M	217.00M	250.80M	290.20M	271.50M
Stockholders Equity	101.20M	138.50M	164.90M	183.90M	174.80M
Cash Flow
Free Cash Flow	7.50M	9.70M	29.60M	22.20M	20.40M
Operating Cash Flow	8.90M	19.80M	45.50M	38.10M	33.60M
Investing Cash Flow	-5.90M	-9.40M	-14.20M	-15.50M	-12.80M
Financing Cash Flow	-21.50M	-33.90M	-52.20M	-47.50M	-27.20M

Robert Walters Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 143.50
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:RWA, the sentiment is Negative. The current price of 143.5 is above the 20-day moving average (MA) of 87.30, above the 50-day MA of 107.75, and above the 200-day MA of 134.54, indicating a bearish trend. The MACD of -6.83 indicates Negative momentum. The RSI at 34.99 is Neutral, neither overbought nor oversold. The STOCH value of 68.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:RWA.

Robert Walters Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GATC	71 Outperform	£35.95M	5.49	11.07%	3.35%	2.40%	1101.69%
STEM	69 Neutral	£190.72M	12.17	7.83%	6.35%	-13.93%	-48.74%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
STAF	54 Neutral	£50.49M	11.41	13.11%	―	1.44%	―
PAGE	48 Neutral	£440.89M	81.54	4.18%	7.58%	-12.54%	-76.55%
RWA	46 Neutral	£56.17M	-3.34	-24.67%	12.88%	-14.31%	-361.93%
HAS	45 Neutral	£511.09M	748.65	-2.24%	1.76%	-4.92%	-58.06%

Robert Walters Corporate Events