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.


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

-5.0%

PRGX

-1.5%

US IT

0.5%

US Market


1 Year Return

-36.3%

PRGX

21.3%

US IT

6.8%

US Market

Return vs Industry: PRGX underperformed the US IT industry which returned 21.3% over the past year.

Return vs Market: PRGX underperformed the US Market which returned 6.8% over the past year.


Shareholder returns

PRGXIndustryMarket
7 Day-5.0%-1.5%0.5%
30 Day-7.5%-0.8%-0.8%
90 Day-16.3%-4.5%-0.9%
1 Year-36.3%-36.3%22.5%21.3%9.2%6.8%
3 Year8.0%8.0%94.0%86.1%45.6%36.2%
5 Year-10.3%-10.3%149.1%126.3%63.2%45.4%

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 compared to its fair value and its price relative to the market?

845.32x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate PRGX's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate PRGX's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: PRGX is poor value based on its PE Ratio (845.3x) compared to the IT industry average (35.5x).

PE vs Market: PRGX is poor value based on its PE Ratio (845.3x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

PEG Ratio: PRGX is poor value based on its PEG Ratio (5.2x)


Price to Book Ratio

PB vs Industry: PRGX is good value based on its PB Ratio (2.1x) compared to the US IT industry average (4.2x).


Next Steps

Future Growth

How is PRGX Global forecast 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 Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PRGX's forecast earnings growth (163% per year) is above the savings rate (2.7%).

Earnings vs Market: PRGX's earnings (163% per year) are forecast to grow faster than the US market (14.6% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: PRGX's revenue (2.3% per year) is forecast to grow slower than the US market (7.2% per year).

High Growth Revenue: PRGX's revenue (2.3% 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 PRGX's Return on Equity is forecast to be high in 3 years time


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

Earnings Trend: PRGX has become profitable over the past 5 years, growing earnings by 49.1% per year.

Accelerating Growth: PRGX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: PRGX had negative earnings growth (-90.7%) over the past year, making it difficult to compare to the IT industry average (9.8%).


Return on Equity

High ROE: PRGX's Return on Equity (0.2%) is considered low.


Return on Assets

ROA vs Industry: PRGX's Return on Assets is below or equal to the IT industry average last year.


Return on Capital Employed

ROCE Improving: PRGX's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is PRGX Global's financial position?


Financial Position Analysis

Short Term Liabilities: PRGX's short term assets ($58.0M) exceeds its short term liabilities ($29.5M)

Long Term Liabilities: PRGX's short term assets (58.0M) exceeds its long term liabilities (41.0M)


Debt to Equity History and Analysis

Debt Level: PRGX's debt to equity ratio (56%) is considered high

Reducing Debt: Insufficient data to determine if PRGX's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: PRGX's debt is not well covered by operating cash flow (19.5%).

Interest Coverage: PRGX's interest payments on its debt are not well covered by EBIT (0.9x coverage).


Balance Sheet

Inventory Level: PRGX has a high level of physical assets or inventory.

Debt Coverage by Assets: PRGX's debt is covered by short term assets (assets are 1.776490x debt).


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage1.3%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

Stable Dividend: Insufficient data to determine if PRGX's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PRGX'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 PRGX's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

0.8yrs

Average management tenure


CEO

Ron Stewart (64yo)

5.9yrs

Tenure

US$926,765

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

Compensation vs. Market: Ron's total compensation ($USD926.77K) is about average for companies of similar size in the US market ($USD503.30K).

Compensation vs Earnings: Ron's compensation has been consistent with company performance over the past year.


Management Age and Tenure

0.8yrs

Average Tenure

59yo

Average Age

Experienced Management: PRGX's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Age and Tenure

3.7yrs

Average Tenure

59yo

Average Age

Experienced Board: PRGX's board of directors are considered experienced (3.7 years average tenure).


Insider Trading

Insider Buying: PRGX insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$29,84512 Sep 19
Joseph Whitters
EntityIndividual
Role
Lead Director
Lead Director
Shares5,000
Max PriceUS$5.97
BuyUS$50,14026 Aug 19
Ronald Stewart
EntityIndividual
Role
Chief Executive Officer
President
Shares10,000
Max PriceUS$5.01
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

Ownership Breakdown


Management Team

  • Greg Owens (59yo)

    Executive Chairman of the Board

    • Tenure: 0.8yrs
    • Compensation: US$149.99k
  • Kurt Abkemeier (49yo)

    CFO & Treasurer

    • Tenure: 0.8yrs
  • Jim Fisher (63yo)

    Chief Information Officer

    • Tenure: 1.4yrs
  • Ron Stewart (64yo)

    President

    • Tenure: 5.9yrs
    • Compensation: US$926.77k
  • Vic Allums (60yo)

    Senior VP

    • Tenure: 13.4yrs
    • Compensation: US$641.68k
  • Lynn Howard

    Chief Human Resources Officer

    • Tenure: 0.4yrs
  • Mike Cochrane (53yo)

    Senior VP & COO – Global Audit Operations

    • Tenure: 5.5yrs
    • Compensation: US$991.68k
  • Anis Hadj-Taieb

    Vice President of Global Sales

    • Tenure: 0.08yrs
  • Carol O’Kelley

    Chief Marketing Officer

    • Tenure: 0.8yrs
  • Simone Walsh (47yo)

    Controller & Principal Accounting Officer

    • Tenure: 0.5yrs

Board Members

  • Joe Whitters (60yo)

    Lead Director

    • Tenure: 0yrs
    • Compensation: US$236.24k
  • Greg Owens (59yo)

    Executive Chairman of the Board

    • Tenure: 0.8yrs
    • Compensation: US$149.99k
  • Mylle Mangum (70yo)

    Independent Director

    • Tenure: 6.8yrs
    • Compensation: US$152.49k
  • Kevin Costello (57yo)

    Director

    • Tenure: 2.6yrs
    • Compensation: US$146.24k
  • Ron Stewart (64yo)

    President

    • Tenure: 5.9yrs
    • Compensation: US$926.77k
  • Matt Drapkin (46yo)

    Director

    • Tenure: 2.9yrs
    • Compensation: US$139.99k
  • William Kimble (59yo)

    Director

    • Tenure: 4.5yrs
    • 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$124.882m
  • 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 Analysis2019/10/20 23:41
End of Day Share Price2019/10/18 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.