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ASGN

ASGNNYSE:ASGN Stock Report

Market Cap

US$6.7b

7D

8.5%

1Y

53.2%

Updated

08 Dec, 2021

Data

Company Financials +
ASGN fundamental analysis
Snowflake Score
Valuation1/6
Future Growth1/6
Past Performance5/6
Financial Health6/6
Dividends0/6

ASGN Stock Overview

ASGN Incorporated provides professional staffing and IT solutions in the technology, digital, creative, engineering and life sciences fields across commercial and government sectors in the United States and internationally.

ASGN Competitors

Robert Half International

NYSE:RHI

US$12.0b

Alight

NYSE:ALIT

US$5.7b

ManpowerGroup

NYSE:MAN

US$5.1b

Insperity

NYSE:NSP

US$4.4b

Price History & Performance

Summary of all time highs, changes and price drops for ASGN
Historical stock prices
Current Share PriceUS$128.41
52 Week HighUS$131.00
52 Week LowUS$79.51
Beta2.06
1 Month Change0.023%
3 Month Change14.09%
1 Year Change53.20%
3 Year Change108.49%
5 Year Change191.25%
Change since IPO6,636.26%

Recent News & Updates

Nov 19
I Ran A Stock Scan For Earnings Growth And ASGN (NYSE:ASGN) Passed With Ease

I Ran A Stock Scan For Earnings Growth And ASGN (NYSE:ASGN) Passed With Ease

Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...

Oct 17

ASGN: Investor Day Outlines The Path Toward Medium-Term Transformation

ASGN’s recent investor day event highlighted some promising medium-term growth numbers across the business. At the center of the growth strategy is the expansion of its consulting services business, which is set to underpin c. $6 billion of revenue generation. While shares have outperformed in recent months, the ongoing business transition should prove margin accretive, supporting further multiple expansion ahead.

Oct 16
ASGN (NYSE:ASGN) Seems To Use Debt Quite Sensibly

ASGN (NYSE:ASGN) Seems To Use Debt Quite Sensibly

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Shareholder Returns

ASGNUS Professional ServicesUS Market
7D8.5%5.0%4.0%
1Y53.2%18.2%21.7%

Return vs Industry: ASGN exceeded the US Professional Services industry which returned 16.5% over the past year.

Return vs Market: ASGN exceeded the US Market which returned 19.8% over the past year.

Price Volatility

Is ASGN's price volatile compared to industry and market?
ASGN volatility
ASGN Average Weekly Movement3.8%
Professional Services Industry Average Movement6.1%
Market Average Movement6.3%
10% most volatile stocks in US Market15.1%
10% least volatile stocks in US Market2.4%

Stable Share Price: ASGN is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: ASGN's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19854,200Ted Hansonhttps://www.asgn.com

ASGN Incorporated provides professional staffing and IT solutions 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 three segments: Apex, Oxford, and ECS. The Apex segment offers technology, digital, creative, scientific, engineering staffing, and consulting services to Fortune 1000 and mid-market commercial clients.

ASGN Fundamentals Summary

How do ASGN's earnings and revenue compare to its market cap?
ASGN fundamental statistics
Market CapUS$6.69b
Earnings (TTM)US$237.40m
Revenue (TTM)US$4.30b

28.2x

P/E Ratio

1.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ASGN income statement (TTM)
RevenueUS$4.30b
Cost of RevenueUS$3.09b
Gross ProfitUS$1.21b
ExpensesUS$974.20m
EarningsUS$237.40m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)4.56
Gross Margin28.15%
Net Profit Margin5.52%
Debt/Equity Ratio56.3%

How did ASGN perform over the long term?

See historical performance and comparison

Valuation

Is ASGN undervalued compared to its fair value and its price relative to the market?

11.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ASGN ($128.41) is trading below our estimate of fair value ($145.04)

Significantly Below Fair Value: ASGN is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: ASGN is poor value based on its PE Ratio (28.2x) compared to the US Professional Services industry average (23.7x).

PE vs Market: ASGN is poor value based on its PE Ratio (28.2x) compared to the US market (17.2x).


Price to Earnings Growth Ratio

PEG Ratio: ASGN is poor value based on its PEG Ratio (3.9x)


Price to Book Ratio

PB vs Industry: ASGN is overvalued based on its PB Ratio (3.6x) compared to the US Professional Services industry average (2.9x).


Future Growth

How is ASGN forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

7.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ASGN's forecast earnings growth (7.2% per year) is above the savings rate (2%).

Earnings vs Market: ASGN's earnings (7.2% per year) are forecast to grow slower than the US market (13.9% per year).

High Growth Earnings: ASGN's earnings are forecast to grow, but not significantly.

Revenue vs Market: ASGN's revenue (6.6% per year) is forecast to grow slower than the US market (10% per year).

High Growth Revenue: ASGN's revenue (6.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if ASGN's Return on Equity is forecast to be high in 3 years time


Past Performance

How has ASGN performed over the past 5 years?

14.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ASGN has high quality earnings.

Growing Profit Margin: ASGN's current net profit margins (5.5%) are higher than last year (4.6%).


Past Earnings Growth Analysis

Earnings Trend: ASGN's earnings have grown by 14.4% per year over the past 5 years.

Accelerating Growth: ASGN's earnings growth over the past year (40.8%) exceeds its 5-year average (14.4% per year).

Earnings vs Industry: ASGN earnings growth over the past year (40.8%) exceeded the Professional Services industry 37%.


Return on Equity

High ROE: ASGN's Return on Equity (12.9%) is considered low.


Financial Health

How is ASGN's financial position?


Financial Position Analysis

Short Term Liabilities: ASGN's short term assets ($1.4B) exceed its short term liabilities ($591.0M).

Long Term Liabilities: ASGN's short term assets ($1.4B) exceed its long term liabilities ($1.2B).


Debt to Equity History and Analysis

Debt Level: ASGN's net debt to equity ratio (19.3%) is considered satisfactory.

Reducing Debt: ASGN's debt to equity ratio has reduced from 76.4% to 56.3% over the past 5 years.

Debt Coverage: ASGN's debt is well covered by operating cash flow (35.1%).

Interest Coverage: ASGN's interest payments on its debt are well covered by EBIT (9.6x coverage).


Balance Sheet


Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate ASGN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ASGN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent 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?

8.5yrs

Average management tenure


CEO

Ted Hanson (53 yo)

5yrs

Tenure

US$6,606,311

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 ($USD6.61M) is about average for companies of similar size in the US market ($USD6.27M).

Compensation vs Earnings: Ted's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: ASGN's management team is seasoned and experienced (8.5 years average tenure).


Board Members

Experienced Board: ASGN's board of directors are considered experienced (5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: ASGN insiders have only sold shares 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 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$6.690b
  • Shares outstanding: 52.10m
  • Website: https://www.asgn.com

Number of Employees


Location

  • ASGN Incorporated
  • 4400 Cox Road
  • Suite 110
  • Glen Allen
  • Virginia
  • 23060
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/08 23:56
End of Day Share Price2021/12/08 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.