Hirequest Inc
NASDAQ:HQI
Intrinsic Value
HireQuest, Inc. engages in the provision of staffing services. [ Read More ]
The intrinsic value of one HQI stock under the Base Case scenario is 14.33 USD. Compared to the current market price of 13.07 USD, Hirequest Inc is Undervalued by 9%.
Valuation Backtest
Hirequest Inc
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Fundamental Analysis
Company Navigates Tough Environment in Q4
2023-Q4 Earnings Call
In Q4 2023, a sharp rise in workers' compensation expense, at $1.3 million, significantly up from the previous year's $166,000, contributed to an overall challenging quarter. Full year compensation expenses also increased, reaching $3.7 million versus a net benefit in 2022. Consequently, net income suffered, dropping to $16,000 for the quarter from $2.7 million the previous year. Net income for the full year stood at $6.1 million, a decrease from $12.5 million in 2022. Despite these challenges reflected in decreased earnings and a squeeze in net income, the company managed to pay a dividend of $0.06 per share and emphasized their commitment to controlling costs in anticipation of a stronger performance in 2024.
Balance Sheet Decomposition
Hirequest Inc
Current Assets | 56.2m |
Cash & Short-Term Investments | 1.1m |
Receivables | 51.1m |
Other Current Assets | 3.9m |
Non-Current Assets | 49.1m |
PP&E | 4.3m |
Intangibles | 38m |
Other Non-Current Assets | 6.7m |
Current Liabilities | 37.1m |
Accounts Payable | 210k |
Accrued Liabilities | 4.6m |
Other Current Liabilities | 32.3m |
Non-Current Liabilities | 5.2m |
Long-Term Debt | 219k |
Other Non-Current Liabilities | 4.9m |
Earnings Waterfall
Hirequest Inc
Revenue
|
32.3m
USD
|
Operating Expenses
|
-21.5m
USD
|
Operating Income
|
10.8m
USD
|
Other Expenses
|
-2m
USD
|
Net Income
|
8.8m
USD
|
Free Cash Flow Analysis
Hirequest Inc
What is Free Cash Flow?
HQI Profitability Score
Profitability Due Diligence
Hirequest Inc's profitability score is 66/100. The higher the profitability score, the more profitable the company is.
Score
Hirequest Inc's profitability score is 66/100. The higher the profitability score, the more profitable the company is.
HQI Solvency Score
Solvency Due Diligence
Hirequest Inc's solvency score is 73/100. The higher the solvency score, the more solvent the company is.
Score
Hirequest Inc's solvency score is 73/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
HQI Price Targets Summary
Hirequest Inc
According to Wall Street analysts, the average 1-year price target for HQI is 23.46 USD with a low forecast of 21.21 USD and a high forecast of 26.25 USD.
Ownership
HQI Insider Trading
Buy and sell transactions by insiders
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Shareholder Return
HQI Price
Hirequest Inc
Average Annual Return | 51.6% |
Standard Deviation of Annual Returns | 51.24% |
Max Drawdown | -58% |
Market Capitalization | 182.2m USD |
Shares Outstanding | 13 900 000 |
Percentage of Shares Shorted | 1.97% |
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
HireQuest, Inc. engages in the provision of staffing services. The company is headquartered in Goose Creek, South Carolina. The company went IPO on 2002-05-07. The firm through its franchisees provides various types of temporary personnel through two business models operating under the trade names HireQuest Direct, HireQuest, Snelling, LINK Staffing, and DriverQuest. Its HireQuest Direct offers unskilled and semi-skilled industrial and construction personnel. Its HireQuest, Snelling, and Link offers skilled and semi-skilled industrial personnel, clerical and administrative personnel, and permanent placement services. DriverQuest specializes in commercial drivers serving a variety of industries and applications. The firm provides employment in the areas of construction, recycling, warehousing, logistics, auctioneering, manufacturing, hospitality, landscaping, and retail.
Contact
IPO
Employees
Officers
The intrinsic value of one HQI stock under the Base Case scenario is 14.33 USD.
Compared to the current market price of 13.07 USD, Hirequest Inc is Undervalued by 9%.