Qapa Adecco

qapa.fr →

-39%

est. 2Y upside i

Rank

#3013

Sector

HRTech

Est. Liquidity

~2Y

Data Quality

Data: Medium

Qapa, now integrated into Adecco, offers moderate upside for a job seeker.

Last updated: March 10, 2026

Bull (30%)+100%

Qapa's AI-driven platform successfully integrates across Adecco's global network, capturing significant market share in the digital staffing segment and driving substantial revenue synergies for Adecco. This leads to an internal re-valuation or strong contribution to Adecco's stock, pushing Qapa's notional value to $154M (2x current) within two years.

Base (40%)+20%

Qapa maintains its position as a key digital offering within Adecco France, growing steadily with the market (around 20% YoY) and contributing to Adecco's digital transformation efforts. Its notional value increases modestly to $92.4M (1.2x current) as it continues to deliver on its strategic mandate within the larger group.

Bear (30%)-40%

Integration challenges with Adecco, intense competition from other digital staffing platforms, or a downturn in the overall HR market limit Qapa's growth and profitability. Its strategic value within Adecco diminishes, leading to a re-evaluation of its notional value to $46.2M (0.6x current).

Est. time to liquidity~2.0 years

Preference Stack Risk

high

Funding Intensity

18%

Prior investors had $14M in funding on a $77M acquisition, representing an 18.4% 'investor take' ratio. However, this was settled at acquisition. For new equity holders, the baseline is the $77M acquisition value.

Dilution Risk

low

As a division of a public company, Qapa is unlikely to undergo further external funding rounds that would directly dilute employee equity. Any dilution would be tied to the parent company's stock issuance if the equity is Adecco shares.

Secondary Liquidity

none

There is no active secondary market for Qapa-specific equity as it is part of a larger public entity. Liquidity would be through Adecco's public stock if the equity is in Adecco shares, or internal mechanisms if tied to Qapa's performance.

Questions to Ask at the Interview

Strategic questions based on Qapa Adecco's data — designed to show you've done your homework.

  • 1

    “Given Qapa's integration into Adecco's 'Future@Work Reloaded' strategy and the launch of initiatives like r.Potential, how is Qapa specifically contributing to Adecco's broader AI and digital transformation goals, and what are the key performance indicators for Qapa's success within this larger framework?”

  • 2

    “Qapa's 2023 revenue was around $10M, while at the time of acquisition in 2021, its turnover was reported at €45M. Can you elaborate on this difference and the current growth trajectory of Qapa's net revenue within Adecco?”

  • 3

    “Considering Qapa is now part of a large public company, how is the equity (RSUs/options) structured to reflect Qapa's specific performance and growth, and what is the expected timeline for any potential liquidity events or re-valuation of this equity?”

Community

Valuation Sentiment

Our model estimates -39% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.