ASGN
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
1 Year Returns
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.
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for ASGN.
| 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.
| 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.
| 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 | ||
| 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 |
| 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 |
| 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
Current Discount Checks
- 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?
| 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.
| 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?
| 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 .
| 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?
| 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 |
| 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.
Value checks
We assess ASGN's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Professional Services industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Professional Services industry average (and greater than 0)? (1 check) 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!
Earnings growth vs Low Risk Savings
- 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
| 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
| 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 |
| 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 |
| 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.
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.
| 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 |
| 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.
Future performance checks
We assess ASGN's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
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
Past Earnings growth analysis
- 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
All data from ASGN Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| 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).
Past performance checks
We assess ASGN's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Professional Services industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
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.
- 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
Assets
Liabilities and shares
- 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.
All data from ASGN Company Filings, last reported 2 months ago.
| 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).
Financial health checks
We assess ASGN's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) ASGN has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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
If you bought
$2,000 of
ASGN
shares you are expected to receive
$0
in your first year as a dividend.
Dividend Amount
- 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.
| 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.
| 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.
Income/ dividend checks
We assess ASGN's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- 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) 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
CEO
| 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:
- 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
Chief Executive Officer & Director
$8M
58
14.5 yrs
Ted Hanson
President
$3M
50
2.3 yrs
Edward Pierce
Executive VP and CFO
$2M
61
6.5 yrs
Jennifer Painter
Senior VP
$997K
49
3.4 yrs
Rand Blazer
President of Apex Systems
$3M
67
6.8 yrs
Michael Payne
Chief Information Officer & Senior VP
$415K
60
15.7 yrs
Jim Brill
Senior VP
$1M
67
6.5 yrs
Dustin Abbs
Director of Corporate Development
4.8 yrs
Adam Bleibtreu
Chief Marketing Officer
3.7 yrs
Angela Kolarek
Vice President of Human Resources
Board of Directors Tenure
Average tenure and age of the ASGN board of directors in years:
- The tenure for the ASGN board of directors is about average.
Board of Directors
Jerry Jones
Chairman
$317K
76
16.1 yrs
Peter Dameris
Chief Executive Officer & Director
$8M
58
14.3 yrs
Bill Brock
Independent Director
$262K
87
22.9 yrs
Jon Holman
Independent Director
$261K
73
25 yrs
Marty Kittrell
Director
$270K
61
6.5 yrs
Brian Callaghan
Director
$255K
47
6.8 yrs
Edwin Sheridan
Director
$248K
48
6.8 yrs
Jeff Veatch
Board Advisor
$130K
47
6.8 yrs
Arshad Matin
Director
$260K
54
4.8 yrs
Mariel Joliet
Director
$255K
52
2.3 yrs
Who owns this company?
Recent Insider Trading
- ASGN insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | 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 | ||
Management checks
We assess ASGN's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) 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 - – Full articleWhat 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 - – Full articleWant 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 - – Full articleIs 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 - – Full articleAre 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 - – Full articleHere'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 - – Full articleASGN 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 - – Full articleShould 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 - – Full articleIs 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 - – Full articleHow 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 - – Full articleCompany 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
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.
