- Recruit Holdings has a strong track record of free cash flow generation allowing the company to remain competitive as it invests in its existing operations or conducts M&A.
- With high earnings visibility post-pandemic as well as growth drivers from technology, M&A, and geographic expansion, we believe the shares deserve a premium valuation.
- On a free cash flow yield basis, the shares still look undervalued on FY3/2023 4.5% FCF yield. We are bullish on the shares.
For further details see:
Recruit Holdings: Predictably High Free Cash Flow Generation With Growth Drivers