NasdaqGS:PRGX

Stock Analysis Report

Executive Summary

PRGX Global, Inc., together with its subsidiaries, provides recovery audit services to businesses and government agencies having payment transactions and procurement environments worldwide.

Snowflake

Fundamentals

Moderate growth potential with imperfect balance sheet.

Risks

  • PRGX Global has significant price volatility in the past 3 months.
  • PRGX Global is covered by less than 3 analysts.

Similar Companies

Share Price & News

How has PRGX Global's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-2.0%

NasdaqGS:PRGX

-0.7%

US IT

-1.6%

US Market


1 Year Return

-47.4%

NasdaqGS:PRGX

17.7%

US IT

-3.0%

US Market

PRGX underperformed the IT industry which returned 21.1% over the past year.

PRGX underperformed the Market in United States of America which returned -0% over the past year.


Share holder returns

PRGXIndustryMarket
7 Day-2.0%-0.7%-1.6%
30 Day-24.5%-3.2%-5.8%
90 Day-29.3%6.3%0.2%
1 Year-47.4%-47.4%19.0%17.7%-0.8%-3.0%
3 Year2.7%2.7%96.2%87.8%38.0%29.1%
5 Year-19.6%-19.6%137.6%113.4%50.8%34.1%

Price Volatility Vs. Market

How volatile is PRGX Global's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

798.98x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for PRGX Global to establish if it is available at moderate discount.

Unable to calculate intrinsic value for PRGX Global to establish if it is available at substantial discount.


Price Based on Earnings

PRGX Global is overvalued based on earnings compared to the US IT industry average.

PRGX Global is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

PRGX Global is poor value based on expected growth next year.


Price Based on Value of Assets

PRGX Global is good value based on assets compared to the US IT industry average.


Next Steps

Future Growth

How is PRGX Global expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

163.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

PRGX Global's revenue is expected to grow by 2.3% yearly, however this is not considered high growth (20% yearly).

PRGX Global's earnings are expected to grow significantly at over 20% yearly.

PRGX Global's revenue growth is positive but not above the United States of America market average.

PRGX Global's earnings growth is expected to exceed the United States of America market average.

PRGX Global's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if PRGX Global will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has PRGX Global performed over the past 5 years?

49.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

PRGX Global has delivered over 20% year on year earnings growth in the past 5 years.

PRGX Global's 1-year earnings growth is negative, it can't be compared to the 5-year average.

PRGX Global's 1-year earnings growth is negative, it can't be compared to the US IT industry average.


Return on Equity

PRGX Global has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

PRGX Global used its assets less efficiently than the US IT industry average last year based on Return on Assets.


Return on Capital Employed

PRGX Global's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is PRGX Global's financial position?


Financial Position Analysis

PRGX Global is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

PRGX Global's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

PRGX Global's level of debt (56%) compared to net worth is high (greater than 40%).

Unable to establish if PRGX Global's debt level has increased without past 5-year debt data.

Debt is not well covered by operating cash flow (19.5%, less than 20% of total debt).

Interest payments on debt are not well covered by earnings (EBIT is 0.9x annual interest expense, ideally 3x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 1.8x debt.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate PRGX Global's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate PRGX Global's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as PRGX Global has not reported any payouts.

Unable to verify if PRGX Global's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as PRGX Global has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

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

0.6yrs

Average management tenure


CEO

Ron Stewart (64yo)

5.8yrs

Tenure

US$1,853,530

Compensation

Mr. Ronald E. Stewart, also known as Ron, has been the Chief Executive Officer and President of PRGX Global, Inc. since December 13, 2013. Mr. Stewart is a Partner at Arcadia Capital Group. Mr. Stewart foc ...


CEO Compensation Analysis

Ron's remuneration is higher than average for companies of similar size in United States of America.

Ron's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

0.6yrs

Average Tenure

59yo

Average Age

The average tenure for the PRGX Global management team is less than 2 years, this suggests a new team.


Board Age and Tenure

3.5yrs

Average Tenure

59yo

Average Age

The tenure for the PRGX Global board of directors is about average.


Insider Trading

More shares have been bought than sold by PRGX Global individual insiders in the past 3 months.


Recent Insider Transactions

BuyUS$20,92417 Jun 19
Gregory Owens
EntityIndividual
Role
Chairman of the Board
Executive Chairman of the Board
Shares3,000
Max PriceUS$7.03
BuyUS$20,60114 Jun 19
William Kimble
EntityIndividual
Role
Member of the Board of Directors
Director
Shares3,000
Max PriceUS$6.87
BuyUS$33,75913 Jun 19
Kevin Costello
EntityIndividual
Role
Member of the Board of Directors
Director
Shares5,000
Max PriceUS$6.75
BuyUS$34,64111 Jun 19
Joseph Whitters
EntityIndividual
Role
Lead Director
Lead Director
Shares5,000
Max PriceUS$6.93
BuyUS$37,38113 May 19
Northern Right Capital Management, L.P.
EntityCompany
Shares5,000
Max PriceUS$7.48
BuyUS$76,98008 May 19
Ronald Stewart
EntityIndividual
Role
Chief Executive Officer
President
Shares10,000
Max PriceUS$7.70
BuyUS$210,49715 Mar 19
Northern Right Capital Management, L.P.
EntityCompany
Shares25,000
Max PriceUS$8.44
BuyUS$30,34021 Nov 18
Northern Right Capital Management, L.P.
EntityCompany
Shares3,450
Max PriceUS$8.79
BuyUS$250,17716 Nov 18
Northern Right Capital Management, L.P.
EntityCompany
Shares28,000
Max PriceUS$9.02
BuyUS$63,32614 Nov 18
Northern Right Capital Management, L.P.
EntityCompany
Shares7,000
Max PriceUS$9.05
BuyUS$225,56509 Nov 18
Northern Right Capital Management, L.P.
EntityCompany
Shares24,600
Max PriceUS$9.17
BuyUS$119,48901 Oct 18
HCSF Management, LLC
EntityCompany
Shares13,959
Max PriceUS$8.56
BuyUS$96,68313 Sep 18
Northern Right Capital Management, L.P.
EntityCompany
Shares10,200
Max PriceUS$9.48
BuyUS$234,39106 Sep 18
Northern Right Capital Management, L.P.
EntityCompany
Shares25,278
Max PriceUS$9.32

Ownership Breakdown


Management Team

  • Greg Owens (59yo)

    Executive Chairman of the Board

    • Tenure: 0.6yrs
    • Compensation: US$149.99k
  • Kurt Abkemeier (49yo)

    CFO & Treasurer

    • Tenure: 0.6yrs
  • Jim Fisher (63yo)

    Chief Information Officer

    • Tenure: 1.3yrs
  • Ron Stewart (64yo)

    President

    • Tenure: 5.8yrs
    • Compensation: US$1.85m
  • Jim Madden

    Senior Vice President of Sales

    • Tenure: 0.3yrs
  • Vic Allums (60yo)

    Senior VP

    • Tenure: 13.3yrs
    • Compensation: US$641.68k
  • Lynn Howard

    Chief Human Resources Officer

    • Tenure: 0.3yrs
  • Mike Cochrane (53yo)

    Senior VP & COO – Global Audit Operations

    • Tenure: 5.3yrs
    • Compensation: US$991.68k
  • Carol O’Kelley

    Chief Marketing Officer

    • Tenure: 0.6yrs
  • Simone Walsh (47yo)

    Controller & Principal Accounting Officer

    • Tenure: 0.3yrs

Board Members

  • Joe Whitters (60yo)

    Lead Director

    • Tenure: 0.0yrs
    • Compensation: US$236.24k
  • Greg Owens (59yo)

    Executive Chairman of the Board

    • Tenure: 0.6yrs
    • Compensation: US$149.99k
  • Mylle Mangum (70yo)

    Director

    • Tenure: 6.6yrs
    • Compensation: US$152.49k
  • Kevin Costello (57yo)

    Director

    • Tenure: 2.4yrs
    • Compensation: US$146.24k
  • Ron Stewart (64yo)

    President

    • Tenure: 5.8yrs
    • Compensation: US$1.85m
  • Matt Drapkin (46yo)

    Director

    • Tenure: 2.8yrs
    • Compensation: US$139.99k
  • William Kimble (59yo)

    Director

    • Tenure: 4.3yrs
    • Compensation: US$154.99k

Company Information

PRGX Global, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: PRGX Global, Inc.
  • Ticker: PRGX
  • Exchange: NasdaqGS
  • Founded: 1996
  • Industry: Data Processing and Outsourced Services
  • Sector: Software
  • Market Cap: US$118.036m
  • Shares outstanding: 23.61m
  • Website: https://www.prgx.com

Number of Employees


Location

  • PRGX Global, Inc.
  • 600 Galleria Parkway
  • Suite 100
  • Atlanta
  • Georgia
  • 30339
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PRGXNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDMar 1996
PFYADB (Deutsche Boerse AG)YesCommon StockDEEURMar 1996

Biography

PRGX Global, Inc., together with its subsidiaries, provides recovery audit services to businesses and government agencies having payment transactions and procurement environments worldwide. Its recovery au ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/23 23:44
End of Day Share Price2019/08/23 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.