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ASGN

NYSE:ASGN
Snowflake Description

Acceptable track record with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ASGN
NYSE
$3B
Market Cap
  1. Home
  2. US
  3. Commercial Services
Company description

ASGN Incorporated provides information technology (IT) and professional staffing services in the technology, digital, creative, engineering, and life sciences fields across commercial and government sectors in the United States and internationally. The last earnings update was 23 days ago. More info.


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ASGN Share Price and Events
7 Day Returns
-4.2%
NYSE:ASGN
-0.9%
US Professional Services
-1.1%
US Market
1 Year Returns
-22%
NYSE:ASGN
9.6%
US Professional Services
6.4%
US Market
ASGN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
ASGN (ASGN) -4.2% -7.9% 19.5% -22% 77.3% 71.1%
US Professional Services -0.9% 1.2% 24.7% 9.6% 33.4% 50.2%
US Market -1.1% 0.3% 17.2% 6.4% 37.9% 42.1%
1 Year Return vs Industry and Market
  • ASGN underperformed the Professional Services industry which returned 9.6% over the past year.
  • ASGN underperformed the Market in United States of America which returned 6.4% over the past year.
Price Volatility
ASGN
Industry
5yr Volatility vs Market

Value

 Is ASGN undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of ASGN to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for ASGN.

NYSE:ASGN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:ASGN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Professional Services Unlevered Beta Simply Wall St/ S&P Global 0.96
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.955 (1 + (1- 21%) (33.81%))
1.141
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.14
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.141 * 5.96%)
9.53%

Discounted Cash Flow Calculation for NYSE:ASGN using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for ASGN is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:ASGN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.53%)
2019 252.40 Analyst x2 230.44
2020 291.05 Analyst x2 242.60
2021 322.35 Est @ 10.76% 245.31
2022 349.26 Est @ 8.35% 242.66
2023 372.53 Est @ 6.66% 236.31
2024 392.95 Est @ 5.48% 227.57
2025 411.25 Est @ 4.66% 217.45
2026 428.03 Est @ 4.08% 206.62
2027 443.75 Est @ 3.67% 195.58
2028 458.80 Est @ 3.39% 184.61
Present value of next 10 years cash flows $2,229.16
NYSE:ASGN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $458.80 × (1 + 2.73%) ÷ (9.53% – 2.73%)
$6,930.41
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $6,930.41 ÷ (1 + 9.53%)10
$2,788.65
NYSE:ASGN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $2,229.16 + $2,788.65
$5,017.81
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $5,017.81 / 52.66
$95.3
NYSE:ASGN Discount to Share Price
Calculation Result
Value per share (USD) From above. $95.30
Current discount Discount to share price of $61.82
= -1 x ($61.82 - $95.30) / $95.30
35.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price ASGN is available for.
Intrinsic value
35%
Share price is $61.82 vs Future cash flow value of $95.3
Current Discount Checks
For ASGN to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • ASGN's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • ASGN's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for ASGN's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are ASGN's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:ASGN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $3.02
NYSE:ASGN Share Price ** NYSE (2019-03-22) in USD $61.82
United States of America Professional Services Industry PE Ratio Median Figure of 35 Publicly-Listed Professional Services Companies 21.63x
United States of America Market PE Ratio Median Figure of 3,062 Publicly-Listed Companies 17.16x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of ASGN.

NYSE:ASGN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:ASGN Share Price ÷ EPS (both in USD)

= 61.82 ÷ 3.02

20.48x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ASGN is good value based on earnings compared to the US Professional Services industry average.
  • ASGN is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does ASGN's expected growth come at a high price?
Raw Data
NYSE:ASGN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.48x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
16.9%per year
United States of America Professional Services Industry PEG Ratio Median Figure of 33 Publicly-Listed Professional Services Companies 1.56x
United States of America Market PEG Ratio Median Figure of 2,105 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

NYSE:ASGN PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 20.48x ÷ 16.9%

1.21x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ASGN is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on ASGN's assets?
Raw Data
NYSE:ASGN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $22.51
NYSE:ASGN Share Price * NYSE (2019-03-22) in USD $61.82
United States of America Professional Services Industry PB Ratio Median Figure of 56 Publicly-Listed Professional Services Companies 2.19x
United States of America Market PB Ratio Median Figure of 5,165 Publicly-Listed Companies 1.85x
NYSE:ASGN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:ASGN Share Price ÷ Book Value per Share (both in USD)

= 61.82 ÷ 22.51

2.75x

* Primary Listing of ASGN.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ASGN is overvalued based on assets compared to the US Professional Services industry average.
X
Value checks
We assess ASGN's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Professional Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Professional Services industry average (and greater than 0)? (1 check)
  5. ASGN has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is ASGN expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
16.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is ASGN expected to grow at an attractive rate?
  • ASGN's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • ASGN's earnings growth is expected to exceed the United States of America market average.
  • ASGN's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:ASGN Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:ASGN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 16.9%
NYSE:ASGN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 8.7%
United States of America Professional Services Industry Earnings Growth Rate Market Cap Weighted Average 21.4%
United States of America Professional Services Industry Revenue Growth Rate Market Cap Weighted Average 5.2%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.2%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:ASGN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:ASGN Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 4,110 325 224 8
2019-12-31 3,864 291 196 8
NYSE:ASGN Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 3,400 287 158
2018-09-30 3,149 282 179
2018-06-30 2,910 244 165
2018-03-31 2,685 207 165
2017-12-31 2,626 196 158
2017-09-30 2,568 195 115
2017-06-30 2,530 183 109
2017-03-31 2,485 205 102
2016-12-31 2,440 199 97
2016-09-30 2,397 173 92
2016-06-30 2,340 165 87
2016-03-31 2,217 136 76

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • ASGN's earnings are expected to grow by 16.9% yearly, however this is not considered high growth (20% yearly).
  • ASGN's revenue is expected to grow by 8.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:ASGN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from ASGN Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:ASGN Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 4.23 4.49 3.60 6.00
2019-12-31 3.70 3.91 3.33 6.00
NYSE:ASGN Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 3.02
2018-09-30 3.44
2018-06-30 3.16
2018-03-31 3.14
2017-12-31 3.01
2017-09-30 2.17
2017-06-30 2.07
2017-03-31 1.93
2016-12-31 1.83
2016-09-30 1.74
2016-06-30 1.65
2016-03-31 1.44

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • ASGN is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess ASGN's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
ASGN has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has ASGN performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare ASGN's growth in the last year to its industry (Professional Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • ASGN has delivered over 20% year on year earnings growth in the past 5 years.
  • ASGN's 1-year earnings growth is less than its 5-year average (0.1% vs 23.8%)
  • ASGN's earnings growth has not exceeded the US Professional Services industry average in the past year (0.1% vs 19.6%).
Earnings and Revenue History
ASGN's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from ASGN Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:ASGN Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 3,399.78 157.98 688.40
2018-09-30 3,149.17 179.44 656.94
2018-06-30 2,909.77 165.10 629.00
2018-03-31 2,684.57 164.73 597.27
2017-12-31 2,625.92 157.87 587.79
2017-09-30 2,567.77 114.56 578.48
2017-06-30 2,530.13 109.45 572.05
2017-03-31 2,484.90 102.23 567.42
2016-12-31 2,440.41 97.20 559.83
2016-09-30 2,397.05 92.31 549.69
2016-06-30 2,339.77 87.43 534.44
2016-03-31 2,217.00 75.75 504.75
2015-12-31 2,065.01 71.42 486.07
2015-09-30 1,928.51 71.78 438.00
2015-06-30 1,798.83 67.61 412.59
2015-03-31 1,747.94 72.91 402.05
2014-12-31 1,724.74 73.50 397.52
2014-09-30 1,704.25 71.75 384.97
2014-06-30 1,683.29 70.50 370.69
2014-03-31 1,656.73 58.10 355.36
2013-12-31 1,523.10 51.14 317.35
2013-09-30 1,549.25 47.61 323.64
2013-06-30 1,502.27 42.79 306.34
2013-03-31 1,360.27 41.63 287.23
2012-12-31 1,134.61 37.20 243.97
2012-09-30 958.92 33.28 216.20
2012-06-30 746.78 26.39 187.97
2012-03-31 624.60 26.18 160.79

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • ASGN has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • ASGN used its assets more efficiently than the US Professional Services industry average last year based on Return on Assets.
  • ASGN has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess ASGN's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Professional Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
ASGN has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is ASGN's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up ASGN's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • ASGN is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • ASGN's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of ASGN's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from ASGN Company Filings, last reported 2 months ago.

NYSE:ASGN Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,182.06 1,100.42 41.83
2018-09-30 1,129.82 1,154.15 40.89
2018-06-30 1,068.74 1,240.89 44.66
2018-03-31 1,030.22 565.93 77.90
2017-12-31 991.39 575.21 36.67
2017-09-30 924.98 610.00 27.98
2017-06-30 927.36 579.78 18.96
2017-03-31 886.31 617.07 24.01
2016-12-31 868.94 640.36 27.04
2016-09-30 861.24 658.64 16.97
2016-06-30 840.93 691.93 34.78
2016-03-31 811.44 723.22 28.37
2015-12-31 784.79 755.51 23.87
2015-09-30 758.59 784.80 28.92
2015-06-30 725.10 830.09 41.86
2015-03-31 674.83 334.56 76.36
2014-12-31 634.41 411.86 28.86
2014-09-30 643.02 403.69 29.88
2014-06-30 685.26 376.75 30.75
2014-03-31 660.51 393.81 23.39
2013-12-31 640.13 399.81 37.35
2013-09-30 603.01 357.81 45.08
2013-06-30 574.20 369.31 14.11
2013-03-31 561.78 383.92 11.77
2012-12-31 532.72 426.59 27.48
2012-09-30 516.46 439.59 13.87
2012-06-30 490.59 467.13 18.42
2012-03-31 256.02 81.11 17.69
  • ASGN's level of debt (93.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (62.4% vs 93.1% today).
  • Debt is well covered by operating cash flow (26.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.9x coverage).
X
Financial health checks
We assess ASGN's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. ASGN has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is ASGN's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from ASGN dividends. Estimated to be 0% next year.
If you bought $2,000 of ASGN shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate ASGN's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate ASGN's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:ASGN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
United States of America Professional Services Industry Average Dividend Yield Market Cap Weighted Average of 20 Stocks 1.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2003 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.9%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:ASGN Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as ASGN has not reported any payouts.
  • Unable to verify if ASGN's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of ASGN's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as ASGN has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of ASGN's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess ASGN's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can ASGN afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. ASGN has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of ASGN's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Peter Dameris
COMPENSATION $7,720,526
AGE 58
TENURE AS CEO 14.5 years
CEO Bio

Mr. Peter T. Dameris has been the Chief Executive Officer of On Assignment, Inc. since September 28, 2004. Mr. Dameris serves as Services Executive Partner of Silver Oak Services Partners, LLC. He is a Private Investor. He served as President of On Assignment, Inc. since September 28, 2004 until December 2016. He served as an Executive Vice President and Chief Operating Officer of On Assignment, Inc. from November 13, 2003 to September 28, 2004. He served as the Chief Operating Officer and Executive Vice President of Quanta Services Inc., from February 2001 to October 31, 2002. He served as the Chief Executive Officer and President of PSINet Consulting Solutions Inc. since October 1999. Mr. Dameris joined Metamor Worldwide Inc. in January 1995 as Vice President, General Counsel and Secretary and served as its Senior Vice President of Strategy and Development since September 1996 and Executive Vice President of Corporate Development since January 1999. Prior to Metamor, he served as an Outside Counsel and Partner with the law firm of Cochran, Rooke and Craft LLP. He served as an Executive Vice President and Secretary of Xpedior, Incorporated. He served as the Chairman of the Board at PSINet Consulting Solutions Inc. He has been a Director of On Assignment, Inc. since December 14, 2004 and Xpedior Incorporated since December 1997. Mr. Dameris started his career as a corporate attorney and clerked for the Honorable Federal District Judge George Cire of the Southern District of Texas. Mr. Dameris serves on the executive board for the Cox School of Business for Southern Methodist University ("SMU"), where he was named a Distinguished Alumni, and the board of trustees for Marymount High School of Los Angeles. Mr. Dameris was named the Ernst & Young Entrepreneur of the Year in 2012, and Staffing Industry Analysts has included him on their Staffing 100 list since its inception in 2011. Mr. Dameris served as a Director of Seismic Micro-Technology, Inc. He served as a member of the Board of Directors of Xuma, Inc. He served as a Director of BindView Development Corp., since August 2002 and PSINet Consulting Solutions Inc., since October 1999. Mr. Dameris holds a Juris Doctorate from the University of Texas Law School, LLB from The University of Texas System and a bachelor of science degree in business administration from Southern Methodist University.

CEO Compensation
  • Peter's compensation has been consistent with company performance over the past year.
  • Peter's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the ASGN management team in years:

6.5
Average Tenure
60
Average Age
  • The average tenure for the ASGN management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Peter Dameris

TITLE
Chief Executive Officer & Director
COMPENSATION
$8M
AGE
58
TENURE
14.5 yrs

Ted Hanson

TITLE
President
COMPENSATION
$3M
AGE
50
TENURE
2.3 yrs

Edward Pierce

TITLE
Executive VP and CFO
COMPENSATION
$2M
AGE
61
TENURE
6.5 yrs

Jennifer Painter

TITLE
Senior VP
COMPENSATION
$997K
AGE
49
TENURE
3.4 yrs

Rand Blazer

TITLE
President of Apex Systems
COMPENSATION
$3M
AGE
67
TENURE
6.8 yrs

Michael Payne

TITLE
Chief Information Officer & Senior VP
COMPENSATION
$415K
AGE
60
TENURE
15.7 yrs

Jim Brill

TITLE
Senior VP
COMPENSATION
$1M
AGE
67
TENURE
6.5 yrs

Dustin Abbs

TITLE
Director of Corporate Development
TENURE
4.8 yrs

Adam Bleibtreu

TITLE
Chief Marketing Officer
TENURE
3.7 yrs

Angela Kolarek

TITLE
Vice President of Human Resources
Board of Directors Tenure

Average tenure and age of the ASGN board of directors in years:

6.8
Average Tenure
56
Average Age
  • The tenure for the ASGN board of directors is about average.
Board of Directors

Jerry Jones

TITLE
Chairman
COMPENSATION
$317K
AGE
76
TENURE
16.1 yrs

Peter Dameris

TITLE
Chief Executive Officer & Director
COMPENSATION
$8M
AGE
58
TENURE
14.3 yrs

Bill Brock

TITLE
Independent Director
COMPENSATION
$262K
AGE
87
TENURE
22.9 yrs

Jon Holman

TITLE
Independent Director
COMPENSATION
$261K
AGE
73
TENURE
25 yrs

Marty Kittrell

TITLE
Director
COMPENSATION
$270K
AGE
61
TENURE
6.5 yrs

Brian Callaghan

TITLE
Director
COMPENSATION
$255K
AGE
47
TENURE
6.8 yrs

Edwin Sheridan

TITLE
Director
COMPENSATION
$248K
AGE
48
TENURE
6.8 yrs

Jeff Veatch

TITLE
Board Advisor
COMPENSATION
$130K
AGE
47
TENURE
6.8 yrs

Arshad Matin

TITLE
Director
COMPENSATION
$260K
AGE
54
TENURE
4.8 yrs

Mariel Joliet

TITLE
Director
COMPENSATION
$255K
AGE
52
TENURE
2.3 yrs
Who owns this company?
Recent Insider Trading
  • ASGN insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
12. Mar 19 Buy Jeremy Jones Individual 07. Mar 19 07. Mar 19 500 $61.00 $30,500
11. Mar 19 Sell William Brock Individual 07. Mar 19 07. Mar 19 -1,480 $61.72 $-91,344
21. Nov 18 Buy Peter Dameris Individual 19. Nov 18 20. Nov 18 15,000 $66.48 $988,793
16. Nov 18 Buy George Wilson Individual 14. Nov 18 14. Nov 18 3,700 $66.76 $247,012
06. Nov 18 Buy Brian Callaghan Individual 05. Nov 18 05. Nov 18 15,000 $68.03 $1,020,450
31. Oct 18 Buy Joseph Dyer Individual 29. Oct 18 29. Oct 18 250 $66.77 $16,692
26. Oct 18 Buy Edwin Sheridan Individual 26. Oct 18 26. Oct 18 20,000 $65.33 $1,306,536
26. Oct 18 Buy Jennifer Painter Individual 26. Oct 18 26. Oct 18 1,000 $65.87 $65,873
08. Aug 18 Sell Jonathan Holman Individual 07. Aug 18 08. Aug 18 -2,000 $92.92 $-185,410
07. Aug 18 Sell Theodore Hanson Individual 07. Aug 18 07. Aug 18 -12,409 $92.85 $-1,152,177
03. Aug 18 Sell Jeremy Jones Individual 03. Aug 18 03. Aug 18 -1,278 $92.05 $-117,640
31. Jul 18 Sell Randolph Blazer Individual 27. Jul 18 27. Jul 18 -10,000 $90.57 $-905,742
23. May 18 Sell Arshad Matin Individual 21. May 18 21. May 18 -2,000 $84.62 $-169,248
15. May 18 Sell Peter Dameris Individual 14. May 18 14. May 18 -18,750 $82.44 $-1,545,750
X
Management checks
We assess ASGN's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. ASGN has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Is ASGN Incorporated (NYSE:ASGN) Potentially Undervalued?

led the NYSE gainers with a relatively large price hike in the past couple of weeks. … However, could the stock still be trading at a relatively cheap price. … Let’s take a look at ASGN’s outlook and value based on the most recent financial data to see if the opportunity still exists

Simply Wall St -

What You Must Know About ASGN Incorporated's (NYSE:ASGN) Financial Strength

Small-caps and large-caps are wildly popular among investors, however, mid-cap stocks, such as ASGN Incorporated (NYSE:ASGN), with a market capitalization of US$3.2b, rarely draw their attention from the investing community. … Despite this, the two other categories have lagged behind the risk-adjusted returns of commonly ignored mid-cap stocks. … Does ASGN Produce Much Cash Relative To Its Debt?

Simply Wall St -

Want To Invest In ASGN Incorporated (NYSE:ASGN)? Here's How It Performed Lately

Below, I will examine ASGN Incorporated's (NYSE:ASGN) track record on a high level, to give you some insight into how the company has been performing against its long term trend and its industry peers. … Did ASGN's recent earnings growth beat the long-term trend and the industry. … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 24%, indicating the rate at which ASGN is growing has slowed down

Simply Wall St -

Is ASGN Incorporated's (NYSE:ASGN) CEO Pay Fair?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … And finally - as a second measure of performance - we will look at the returns shareholders have received over the last few years. … How Does Peter Dameris's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Are Insiders Selling ASGN Incorporated (NYSE:ASGN) Stock?

We often see insiders buying up shares in companies that perform well over the long term. … So we'll take a look at whether insiders have been buying or selling shares in ASGN Incorporated (NYSE:ASGN). … But logic dictates you should pay some attention to whether insiders are buying or selling shares.

Simply Wall St -

Here's How P/E Ratios Can Help Us Understand ASGN Incorporated (NYSE:ASGN)

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … We'll look at ASGN Incorporated's (NYSE:ASGN) P/E ratio and reflect on what it tells us about the company's share price. … ASGN has a price to earnings ratio of 17.4, based on the last twelve months.

Simply Wall St -

ASGN Incorporated (NYSE:ASGN): A Look At Return On Capital

Your equity share is granted in return for the capital provided to the business to operate, and in order for an investment to be successful the business has to create earnings from the funds that make up this capital. … Therefore, looking at how efficiently ASGN is able to use capital to create earnings will help us understand your potential return. … Investors use many different metrics but the analysis below focuses on return on capital employed (ROCE).

Simply Wall St -

Should You Worry About ASGN Incorporated's (NYSE:ASGN) CEO Pay?

Peter Dameris has been the CEO of ASGN Incorporated (NYSE:ASGN) since 2004. … How Does Peter Dameris's Compensation Compare With Similar Sized Companies. … It would therefore appear that ASGN Incorporated pays Peter Dameris more than the median CEO remuneration at companies of a similar size, in the same market

Simply Wall St -

Is Now The Time To Look At Buying ASGN Incorporated (NYSE:ASGN)?

saw significant share price volatility over the past couple of months on the NYSE, rising to the highs of $93.69 and falling to the lows of $62.9. … A question to answer is whether ASGN's current trading price of $63.49 reflective of the actual value of the? … Let’s take a look at ASGN’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

How Financially Strong Is ASGN Incorporated (NYSE:ASGN)?

Small-caps and large-caps are wildly popular among investors, however, mid-cap stocks, such as ASGN Incorporated (NYSE:ASGN), with a market capitalization of US$3.5b, rarely draw their attention from the investing community. … This article will examine ASGN’s financial liquidity and debt levels to get an idea of whether the company can deal with cyclical downturns and maintain funds to accommodate strategic spending for future growth. … Note that this commentary is very high-level and solely focused on financial health, so I suggest you dig deeper yourself.

Simply Wall St -

Company Info

Description

ASGN Incorporated provides information technology (IT) and professional staffing services in the technology, digital, creative, engineering, and life sciences fields across commercial and government sectors in the United States and internationally. The company operates through Apex, Oxford, and ECS segments. The Apex segment offers technical, scientific, digital, and creative services and solutions for contract, contract-to-hire, and permanent placement positions to Fortune 1000 and mid-market clients. The Oxford segment provides specialized staffing and permanent placement services in the areas of technical, digital, engineering, and life sciences resources and consulting in various skill and geographic markets. The ECS Segment delivers advanced solutions in cloud, cyber security, artificial intelligence, machine learning, software development, IT modernization, and science and engineering, as well as focuses on federal government activities. The company was formerly known as On Assignment, Inc. and changed its name to ASGN Incorporated in April 2018. ASGN Incorporated was founded in 1985 and is headquartered in Calabasas, California.

Details
Name: ASGN Incorporated
ASGN
Exchange: NYSE
Founded: 1985
$3,255,147,431
52,655,248
Website: http://www.asgn.com
Address: ASGN Incorporated
26745 Malibu Hills Road,
Calabasas,
California, 91301,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE ASGN Common Shares New York Stock Exchange US USD 22. Sep 1992
DB OA2 Common Shares Deutsche Boerse AG DE EUR 22. Sep 1992
Number of employees
Current staff
Staff numbers
4,300
ASGN employees.
Industry
Human Resource and Employment Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/24 23:40
End of day share price update: 2019/03/22 00:00
Last estimates confirmation: 2019/03/21
Last earnings filing: 2019/03/01
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.