Market Cap
US$203.9m
Last Updated
2021/02/24 23:15 UTC
Data Sources
Company Financials
Executive Summary
HireQuest, Inc. provides on-demand and temporary staffing solutions in the United States. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet and fair value.
Similar Companies
Share Price & News
How has HireQuest's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HQI is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: HQI's weekly volatility (10%) has been stable over the past year.
Market Performance
7 Day Return
1.5%
HQI
-2.7%
US Professional Services
-1.4%
US Market
1 Year Return
123.1%
HQI
22.3%
US Professional Services
37.1%
US Market
Return vs Industry: HQI exceeded the US Professional Services industry which returned 23.2% over the past year.
Return vs Market: HQI exceeded the US Market which returned 34.1% over the past year.
Shareholder returns
| HQI | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.5% | -2.7% | -1.4% |
| 30 Day | 50.0% | 0.2% | 1.6% |
| 90 Day | 73.1% | 2.4% | 7.3% |
| 1 Year | 126.0%123.1% | 23.2%22.3% | 40.2%37.1% |
| 3 Year | n/a | 57.8%53.5% | 62.5%52.1% |
| 5 Year | n/a | 123.4%111.2% | 133.9%108.0% |
Long-Term Price Volatility Vs. Market
How volatile is HireQuest's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Did HireQuest's (NASDAQ:HQI) Share Price Deserve to Gain 92%?1 month ago | Simply Wall St
Here's What HireQuest, Inc.'s (NASDAQ:HQI) Shareholder Ownership Structure Looks Like1 month ago | Simply Wall St
Are You An Income Investor? Don't Miss Out On HireQuest, Inc. (NASDAQ:HQI)Valuation
Is HireQuest undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HQI ($15.15) is trading below our estimate of fair value ($59.31)
Significantly Below Fair Value: HQI is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: HQI is good value based on its PE Ratio (25.7x) compared to the US Professional Services industry average (28x).
PE vs Market: HQI is poor value based on its PE Ratio (25.7x) compared to the US market (21.5x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate HQI's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: HQI is overvalued based on its PB Ratio (5.8x) compared to the US Professional Services industry average (3.9x).
Next Steps
Future Growth
How is HireQuest forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
30.5%
Forecasted Commercial Services industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as HireQuest has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Examine whether HireQuest is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Explore growth companies in the Commercial Services industry.
Past Performance
How has HireQuest performed over the past 5 years?
-19.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HQI has a large one-off gain of $2.9M impacting its September 30 2020 financial results.
Growing Profit Margin: HQI became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: HQI's earnings have declined by 19.4% per year over the past 5 years.
Accelerating Growth: HQI has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: HQI has become profitable in the last year, making it difficult to compare its past year earnings growth to the Professional Services industry (-1.1%).
Return on Equity
High ROE: HQI's Return on Equity (22.5%) is considered high.
Next Steps
Financial Health
How is HireQuest's financial position?
Financial Position Analysis
Short Term Liabilities: HQI's short term assets ($39.6M) exceed its short term liabilities ($10.3M).
Long Term Liabilities: HQI's short term assets ($39.6M) exceed its long term liabilities ($3.5M).
Debt to Equity History and Analysis
Debt Level: HQI is debt free.
Reducing Debt: HQI had no debt 5 years ago.
Debt Coverage: HQI has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: HQI has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is HireQuest current dividend yield, its reliability and sustainability?
1.32%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HQI's dividend (1.32%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.34%).
High Dividend: HQI's dividend (1.32%) is low compared to the top 25% of dividend payers in the US market (3.75%).
Stability and Growth of Payments
Stable Dividend: Too early to tell whether HQI's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if HQI's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (8.5%), HQI's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.6yrs
Average management tenure
CEO
Richard Hermanns (56 yo)
1.58yrs
Tenure
US$1,088,327
Compensation
Mr. Richard F. Hermanns has been Chairman, President and Chief Executive Officer of HireQuest Inc. (formerly known as Command Center, Inc.) since July 15, 2019. Mr. Richard F. Hermanns Mr. Hermanns previou...
CEO Compensation Analysis
Compensation vs Market: Richard's total compensation ($USD1.09M) is about average for companies of similar size in the US market ($USD950.27K).
Compensation vs Earnings: Richard's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 1.58yrs | US$1.09m | 26.09% $ 53.2m | |
| CFO & Treasurer | 3.58yrs | US$466.48k | 0.20% $ 417.1k | |
| Executive VP | 1.58yrs | US$413.68k | 0.24% $ 495.3k | |
| Director of Corporate Development | 0.50yr | no data | no data |
1.6yrs
Average Tenure
44yo
Average Age
Experienced Management: HQI's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 1.58yrs | US$1.09m | 26.09% $ 53.2m | |
| Independent Director | 2.83yrs | US$151.90k | 0.46% $ 945.1k | |
| Independent Director | 1.58yrs | US$132.78k | 0.25% $ 511.4k | |
| Independent Director | 0.67yr | no data | 0.060% $ 123.4k | |
| Independent Vice Chairman | 1.58yrs | US$160.06k | 0.38% $ 782.4k | |
| Independent Director | 1.58yrs | US$130.85k | 18.91% $ 38.6m | |
| Independent Director | 1.58yrs | US$132.78k | 0.23% $ 469.2k |
1.6yrs
Average Tenure
56yo
Average Age
Experienced Board: HQI's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
HireQuest, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: HireQuest, Inc.
- Ticker: HQI
- Exchange: NasdaqCM
- Founded: 2002
- Industry: Human Resource and Employment Services
- Sector: Commercial Services
- Market Cap: US$203.938m
- Shares outstanding: 13.60m
- Website: https://www.hirequest.com
Number of Employees
Location
- HireQuest, Inc.
- 111 Springhall Drive
- Goose Creek
- South Carolina
- 29445
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| HQI | NasdaqCM (Nasdaq Capital Market) | Yes | Common Shares | US | USD | Jul 2019 |
Biography
HireQuest, Inc. provides on-demand and temporary staffing solutions in the United States. The company provides temporary staffing services, including skilled and semi-skilled labour and industrial personne...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/02/24 23:15 |
| End of Day Share Price | 2021/02/24 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.