Heidrick & Struggles International, Inc.

NasdaqGS:HSII Stock Report

Market Cap: US$914.7m

Heidrick & Struggles International Valuation

Is HSII undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of HSII when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: HSII ($44.99) is trading below our estimate of fair value ($82.52)

Significantly Below Fair Value: HSII is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for HSII?

Key metric: As HSII is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for HSII. This is calculated by dividing HSII's market cap by their current earnings.
What is HSII's PE Ratio?
PE Ratio23.8x
EarningsUS$38.56m
Market CapUS$914.74m

Price to Earnings Ratio vs Peers

How does HSII's PE Ratio compare to its peers?

The above table shows the PE ratio for HSII vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average40x
BBSI Barrett Business Services
21.6x10.5%US$1.1b
FVRR Fiverr International
107x42.9%US$1.1b
KFRC Kforce
19.3x6.9%US$1.1b
KELY.A Kelly Services
11.9x46.2%US$505.6m
HSII Heidrick & Struggles International
23.8x27.7%US$914.7m

Price-To-Earnings vs Peers: HSII is good value based on its Price-To-Earnings Ratio (23.8x) compared to the peer average (40x).


Price to Earnings Ratio vs Industry

How does HSII's PE Ratio compare vs other companies in the US Professional Services Industry?

10 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CNDT Conduent
1.3x-104.3%US$569.21m
CIH China Index Holdings
3.5xn/aUS$87.15m
ALJJ ALJ Regional Holdings
0.7xn/aUS$70.26m
STCN Steel Connect
3.2xn/aUS$62.29m
HSII 23.8xIndustry Avg. 23.8xNo. of Companies16PE01632486480+
10 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HSII is expensive based on its Price-To-Earnings Ratio (23.8x) compared to the US Professional Services industry average (23.7x).


Price to Earnings Ratio vs Fair Ratio

What is HSII's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

HSII PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio23.8x
Fair PE Ratio26.4x

Price-To-Earnings vs Fair Ratio: HSII is good value based on its Price-To-Earnings Ratio (23.8x) compared to the estimated Fair Price-To-Earnings Ratio (26.4x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst HSII forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$44.99
US$44.33
-1.5%
8.3%US$49.00US$40.00n/a3
Nov ’25US$39.28
US$39.67
+1.0%
12.1%US$44.00US$33.00n/a3
Oct ’25US$38.61
US$39.67
+2.7%
12.1%US$44.00US$33.00n/a3
Sep ’25US$38.60
US$39.67
+2.8%
12.1%US$44.00US$33.00n/a3
Aug ’25US$39.10
US$39.67
+1.4%
12.1%US$44.00US$33.00n/a3
Jul ’25US$31.49
US$37.67
+19.6%
8.8%US$40.00US$33.00n/a3
Jun ’25US$34.28
US$37.67
+9.9%
8.8%US$40.00US$33.00n/a3
May ’25US$29.39
US$35.67
+21.4%
11.7%US$40.00US$30.00n/a3
Apr ’25US$32.63
US$35.67
+9.3%
11.7%US$40.00US$30.00n/a3
Mar ’25US$34.04
US$35.67
+4.8%
11.7%US$40.00US$30.00n/a3
Feb ’25US$30.41
US$36.00
+18.4%
17.7%US$41.00US$27.00n/a3
Jan ’25US$29.53
US$36.00
+21.9%
17.7%US$41.00US$27.00n/a3
Dec ’24US$27.92
US$36.00
+28.9%
17.7%US$41.00US$27.00n/a3
Nov ’24US$24.26
US$36.00
+48.4%
17.7%US$41.00US$27.00US$39.283
Oct ’24US$25.02
US$37.67
+50.5%
10.7%US$41.00US$32.00US$38.613
Sep ’24US$26.87
US$37.67
+40.2%
10.7%US$41.00US$32.00US$38.603
Aug ’24US$28.12
US$37.67
+33.9%
10.7%US$41.00US$32.00US$39.103
Jul ’24US$26.47
US$37.67
+42.3%
10.7%US$41.00US$32.00US$31.493
Jun ’24US$24.71
US$37.67
+52.4%
10.7%US$41.00US$32.00US$34.283
May ’24US$25.75
US$37.67
+46.3%
10.7%US$41.00US$32.00US$29.393
Apr ’24US$30.36
US$37.67
+24.1%
10.7%US$41.00US$32.00US$32.633
Mar ’24US$34.98
US$37.00
+5.8%
10.1%US$41.00US$32.00US$34.043
Feb ’24US$31.25
US$35.67
+14.1%
15.6%US$41.00US$28.00US$30.413
Jan ’24US$27.97
US$37.33
+33.5%
19.7%US$46.00US$28.00US$29.533
Dec ’23US$30.08
US$37.33
+24.1%
19.7%US$46.00US$28.00US$27.923
Nov ’23US$28.06
US$37.33
+33.0%
19.7%US$46.00US$28.00US$24.263

Analyst Forecast: Target price is lower than the current share price.


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