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Hirequest Inc
NASDAQ:HQI

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Hirequest Inc Logo
Hirequest Inc
NASDAQ:HQI
Watchlist
Price: 13.07 USD 3.24%
Updated: Mar 28, 2024

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%.

Key Points:
HQI Intrinsic Value
Base Case
14.33 USD
Undervaluation 9%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Hirequest Inc

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Fundamental Analysis

Company Navigates Tough Environment in Q4
2023-Q4 Earnings Call

Company Navigates Tough Environment in Q4

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.

Financials

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
Efficiency

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

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
Components
Chart
Table
What is Free Cash Flow?
Fundamental Scores

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.

Positive Free Cash Flow
Positive Operating Income
Positive Net Income
Positive 3-Year Average ROE
66/100
Profitability
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.

High Altman Z-Score
Negative Net Debt
Low D/E
Long-Term Solvency
73/100
Solvency
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

Wall Street analysts forecast HQI stock price to rise over the next 12 months.

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.

Lowest
Price Target
21.21 USD
62% Upside
Average
Price Target
23.46 USD
79% Upside
Highest
Price Target
26.25 USD
101% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

HQI Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Shareholder Return

HQI Price
Hirequest Inc

1M 1M
-1%
6M 6M
-15%
1Y 1Y
-36%
3Y 3Y
-29%
5Y 5Y
+248%
10Y 10Y
+177%
Annual Price Range
13.07
52w Low
12.05
52w High
28.5
Price Metrics
Average Annual Return 51.6%
Standard Deviation of Annual Returns 51.24%
Max Drawdown -58%
Shares Statistics
Market Capitalization 182.2m USD
Shares Outstanding 13 900 000
Percentage of Shares Shorted 1.97%

HQI Return Decomposition
Main factors of price return

What is price return decomposition?

Company Profile

Hirequest Inc Logo
Hirequest Inc

Country

United States of America

Industry

Professional Services

Market Cap

182.2m USD

Dividend Yield

1.9%

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

SOUTH CAROLINA
Goose Creek
111 Springhall Dr
+18008356755.0
https://www.hirequest.com/

IPO

2002-05-07

Employees

-

Officers

Chairman, President & CEO
Mr. Richard F. Hermanns
VP, Chief Legal Officer & Secretary
Mr. John D. McAnnar
Chief Financial Officer
Mr. Steven G. Crane
Vice President of Operations
Dave Gerstner
Chief Accounting Officer & Treasurer
Mr. Cory Smith
Chief Information Officer
Mr. Joseph Gianzanti
Show More
Director of Corporate Development
Mr. David Hartley
Director of Human Resources
Monica Reese
Corporate Controller
Heidi Windmueller
Show Less

See Also

Discover More
What is the Intrinsic Value of one HQI stock?

The intrinsic value of one HQI stock under the Base Case scenario is 14.33 USD.

Is HQI stock undervalued or overvalued?

Compared to the current market price of 13.07 USD, Hirequest Inc is Undervalued by 9%.