Market Cap
US$3.0b
Last Updated
2020/02/28 00:22 UTC
Data Sources
Company Financials +
Executive Summary
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.
Rewards
Risk Analysis
Snowflake Analysis
Undervalued with mediocre balance sheet.
Similar Companies
Share Price & News
How has ASGN's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ASGN's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-12.1%
ASGN
-9.3%
US Professional Services
-10.6%
US Market
1 Year Return
-17.6%
ASGN
13.0%
US Professional Services
5.2%
US Market
Return vs Industry: ASGN underperformed the US Professional Services industry which returned 13% over the past year.
Return vs Market: ASGN underperformed the US Market which returned 5.2% over the past year.
Shareholder returns
| ASGN | Industry | Market | |
|---|---|---|---|
| 7 Day | -12.1% | -9.3% | -10.6% |
| 30 Day | -22.9% | -6.9% | -8.5% |
| 90 Day | -20.2% | 0.2% | -4.6% |
| 1 Year | -17.6%-17.6% | 13.9%13.0% | 7.4%5.2% |
| 3 Year | 13.8%13.8% | 43.6%39.8% | 31.7%23.2% |
| 5 Year | 42.8%42.8% | 66.2%58.6% | 56.4%39.3% |
Price Volatility Vs. Market
How volatile is ASGN's share price compared to the market and industry in the last 5 years?
Simply Wall St News
13 hours ago | Simply Wall St
Here's Why We Think ASGN (NYSE:ASGN) Is Well Worth Watching1 week ago | Simply Wall St
ASGN Incorporated Just Missed EPS By 7.6%: Here's What Analysts Think Will Happen Next3 weeks ago | Simply Wall St
Does ASGN Incorporated (NYSE:ASGN) Have A Particularly Volatile Share Price?Valuation
Is ASGN undervalued compared to its fair value and its price relative to the market?
47.7%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ASGN ($53.47) is trading below our estimate of fair value ($102.28)
Significantly Below Fair Value: ASGN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ASGN is good value based on its PE Ratio (16.2x) compared to the Professional Services industry average (17.2x).
PE vs Market: ASGN is good value based on its PE Ratio (16.2x) compared to the US market (16.9x).
Price to Earnings Growth Ratio
PEG Ratio: ASGN is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: ASGN is good value based on its PB Ratio (2.1x) compared to the US Professional Services industry average (2.5x).
Next Steps
Future Growth
How is ASGN forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
14.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ASGN's forecast earnings growth (14.8% per year) is above the savings rate (1.7%).
Earnings vs Market: ASGN's earnings (14.8% per year) are forecast to grow faster than the US market (13% per year).
High Growth Earnings: ASGN's earnings are forecast to grow, but not significantly.
Revenue vs Market: ASGN's revenue (6% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: ASGN's revenue (6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ASGN's Return on Equity is forecast to be low in 3 years time (13.8%).
Next Steps
Past Performance
How has ASGN performed over the past 5 years?
22.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ASGN has high quality earnings.
Growing Profit Margin: ASGN's current net profit margins (4.5%) are lower than last year (4.6%).
Past Earnings Growth Analysis
Earnings Trend: ASGN's earnings have grown significantly by 22.1% per year over the past 5 years.
Accelerating Growth: ASGN's earnings growth over the past year (10.6%) is below its 5-year average (22.1% per year).
Earnings vs Industry: ASGN earnings growth over the past year (10.6%) underperformed the Professional Services industry 20.1%.
Return on Equity
High ROE: ASGN's Return on Equity (12.7%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is ASGN's financial position?
Financial Position Analysis
Short Term Liabilities: ASGN's short term assets ($791.5M) exceed its short term liabilities ($340.9M).
Long Term Liabilities: ASGN's short term assets ($791.5M) do not cover its long term liabilities ($1.2B).
Debt to Equity History and Analysis
Debt Level: ASGN's debt to equity ratio (68.4%) is considered high.
Reducing Debt: ASGN's debt to equity ratio has increased from 64.7% to 68.4% over the past 5 years.
Debt Coverage: ASGN's debt is well covered by operating cash flow (31.4%).
Interest Coverage: ASGN's interest payments on its debt are well covered by EBIT (4.3x coverage).
Balance Sheet
Inventory Level: ASGN has a low level of unsold assets or inventory.
Debt Coverage by Assets: ASGN's debt is not covered by short term assets (assets are 0.8x debt).
Next Steps
Dividend
What is ASGN's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate ASGN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate ASGN's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if ASGN's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ASGN's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of ASGN's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.6yrs
Average management tenure
CEO
Ted Hanson (51yo)
0.8yrs
Tenure
US$3,190,615
Compensation
Mr. Theodore S. Hanson, also known as Ted, has been the President of ASGN Incorporated (also known as On Assignment, Inc.) since December 2016 and as its Chief Executive Officer since April 30, 2019. Mr. H ...
CEO Compensation Analysis
Compensation vs Market: Ted's total compensation ($USD3.19M) is below average for companies of similar size in the US market ($USD5.04M).
Compensation vs Earnings: Ted's compensation has increased by more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & DIrector | 0.8yrs | US$3.19m | 0.60% $18.2m | |
| Executive VP & CFO | 7.4yrs | US$2.33m | 0.21% $6.4m | |
| President of Apex Systems | 7.8yrs | US$3.55m | 0.24% $7.3m | |
| President of ECS | 1.8yrs | US$3.63m | 0.012% $372.3k | |
| 0.8yrs | US$14.02m | 0.53% $15.9m | ||
| Chief Information Officer & Senior VP | 16.6yrs | US$415.15k | no data | |
| Senior VP | 7.4yrs | US$1.20m | no data | |
| Senior VP | 4.3yrs | US$996.72k | 0.086% $2.6m | |
| Chief Marketing Officer | 4.6yrs | no data | no data | |
| Vice President of Human Resources | 0yrs | no data | no data |
4.6yrs
Average Tenure
61.5yo
Average Age
Experienced Management: ASGN's management team is considered experienced (4.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & DIrector | 0.8yrs | US$3.19m | 0.60% $18.2m | |
| Independent Director | 25.9yrs | US$91.00k | 0.027% $812.0k | |
| Independent Chairman | 17yrs | US$142.75k | 0.12% $3.7m | |
| Independent Director | 0.7yrs | no data | 0.0079% $239.3k | |
| Independent Director | 7.4yrs | US$94.75k | 0.011% $334.5k | |
| Independent Director | 5.7yrs | US$87.50k | 0.022% $653.2k | |
| Director | 3.1yrs | US$79.75k | 0.017% $507.8k | |
| Advisor to the Board of Directors | 1.7yrs | no data | 0.0065% $196.3k | |
| Independent Director | 7.8yrs | US$77.75k | 0.74% $22.4m | |
| Independent Director | 7.8yrs | US$76.00k | 1.91% $57.7m |
6.5yrs
Average Tenure
54yo
Average Age
Experienced Board: ASGN's board of directors are considered experienced (6.5 years average tenure).
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
ASGN Incorporated's company bio, employee growth, exchange listings and data sources
Key Information
- Name: ASGN Incorporated
- Ticker: ASGN
- Exchange: NYSE
- Founded: 1985
- Industry: Human Resource and Employment Services
- Sector: Commercial Services
- Market Cap: US$3.030b
- Shares outstanding: 52.80m
- Website: https://www.asgn.com
Number of Employees
Location
- ASGN Incorporated
- 26745 Malibu Hills Road
- Calabasas
- California
- 91301
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ASGN | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Sep 1992 |
| OA2 | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Sep 1992 |
Biography
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.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/28 00:22 |
| End of Day Share Price | 2020/02/27 00:00 |
| Earnings | 2019/12/31 |
| 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.