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ASGN Inc
NYSE:ASGN

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ASGN Inc Logo
ASGN Inc
NYSE:ASGN
Watchlist
Price: 104.76 USD 1.23% Market Closed
Updated: Mar 29, 2024

Intrinsic Value

ASGN, Inc. engages in the provision of information technology and professional services in the technology, digital, creative, engineering, and life sciences fields in the commercial and government sec... [ Read More ]

The intrinsic value of one ASGN stock under the Base Case scenario is 115.64 USD. Compared to the current market price of 104.76 USD, ASGN Inc is Undervalued by 9%.

Key Points:
ASGN Intrinsic Value
Base Case
115.64 USD
Undervaluation 9%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
ASGN Inc

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Fundamental Analysis

ASGN Reports Strong Q4 Results, Exceeds Targets
2023-Q4 Earnings Call

ASGN Reports Strong Q4 Results, Exceeds Targets

ASGN Incorporated concluded the fourth quarter with strong financial performance, particularly in IT Consulting, where they achieved over 55% of consolidated revenues, surpassing their target a year early. Despite an overall year-over-year low-teen decline in Commercial segment revenues, the company saw a 2% rise in Commercial consulting revenues. A positive book-to-bill ratio of 1.2x and the addition of new Fortune 1000 clients indicate solid growth potential and customer confidence. The Federal segment also experienced growth, with revenues up 9.2% from the previous year and a contract backlog of $3 billion, promising stronger bookings anticipated in the first half of 2024.

Financials

Balance Sheet Decomposition
ASGN Inc

Current Assets 973.3m
Cash & Short-Term Investments 175.9m
Receivables 741.5m
Other Current Assets 55.9m
Non-Current Assets 2.6B
PP&E 145.6m
Intangibles 2.4B
Other Non-Current Assets 33.7m
Current Liabilities 394.1m
Accounts Payable 34m
Accrued Liabilities 256m
Other Current Liabilities 104.1m
Non-Current Liabilities 1.3B
Long-Term Debt 1B
Other Non-Current Liabilities 221.8m
Efficiency

Earnings Waterfall
ASGN Inc

Revenue
4.5B USD
Cost of Revenue
-3.2B USD
Gross Profit
1.3B USD
Operating Expenses
-915.9m USD
Operating Income
364.1m USD
Other Expenses
-144.8m USD
Net Income
219.3m USD

Free Cash Flow Analysis
ASGN Inc

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
Components
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Table
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Fundamental Scores

ASGN Profitability Score
Profitability Due Diligence

ASGN Inc's profitability score is 53/100. The higher the profitability score, the more profitable the company is.

Positive Gross Profit
Positive 3-Year Average ROE
Positive Free Cash Flow
Positive 3-Years Revenue Growth
53/100
Profitability
Score

ASGN Inc's profitability score is 53/100. The higher the profitability score, the more profitable the company is.

ASGN Solvency Score
Solvency Due Diligence

ASGN Inc's solvency score is 54/100. The higher the solvency score, the more solvent the company is.

High Altman Z-Score
Short-Term Solvency
Low D/E
Long-Term Solvency
54/100
Solvency
Score

ASGN Inc's solvency score is 54/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

ASGN Price Targets Summary
ASGN Inc

Wall Street analysts forecast ASGN stock price to drop over the next 12 months.

According to Wall Street analysts, the average 1-year price target for ASGN is 94.42 USD with a low forecast of 70.7 USD and a high forecast of 115.5 USD.

Lowest
Price Target
70.7 USD
33% Downside
Average
Price Target
94.42 USD
10% Downside
Highest
Price Target
115.5 USD
10% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

ASGN 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

ASGN Price
ASGN Inc

1M 1M
+5%
6M 6M
+28%
1Y 1Y
+29%
3Y 3Y
+13%
5Y 5Y
+65%
10Y 10Y
+171%
Annual Price Range
104.76
52w Low
63.85
52w High
104.76
Price Metrics
Average Annual Return 11.44%
Standard Deviation of Annual Returns 35.76%
Max Drawdown -57%
Shares Statistics
Market Capitalization 4.9B USD
Shares Outstanding 46 500 000
Percentage of Shares Shorted 3.4%

ASGN Return Decomposition
Main factors of price return

What is price return decomposition?

Company Profile

ASGN Inc Logo
ASGN Inc

Country

United States of America

Industry

Professional Services

Market Cap

4.9B USD

Dividend Yield

0%

Description

ASGN, Inc. engages in the provision of information technology and professional services in the technology, digital, creative, engineering, and life sciences fields in the commercial and government sectors. The company is headquartered in Glen Allen, Virginia and currently employs 3,900 full-time employees. Its segments include Commercial Segment and Federal Government Segment. The Commercial Segment provides consulting, creative digital marketing, and placement services primarily to Fortune 1000 clients and mid-market companies. The Federal Government Segment provides mission-critical solutions to the Department of Defense, intelligence agencies, and civilian agencies. The company delivers advanced solutions in cloud, cybersecurity, artificial intelligence, machine learning, application and IT modernization, science and engineering to defense, intelligence, and federal civilian agencies. The company provides a range of services, such as commercial services, which includes digital transformation, such as application services, artificial intelligence, cloud, cybersecurity, data and analysis, and the Internet of things.

Contact

VIRGINIA
Glen Allen
4400 Cox Road, Suite 110
+18884828068.0
https://www.asgn.com/

IPO

1982-09-16

Employees

3 900

Officers

CEO & Director
Mr. Theodore S. Hanson
President
Mr. Randolph C. Blazer
Executive VP & CFO
Ms. Marie L. Perry
Chief Accounting Officer, VP of Finance & Corporate Controller
Ms. Rose L. Cunningham
Senior VP, Chief Legal Officer & Secretary
Ms. Jennifer Hankes Painter
Chief Technology Officer
Mr. Robin G. Palmer
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Senior VP, Chief Administrative Officer & Treasurer
Mr. James L. Brill
Chief Human Resources Officer
Ms. Michele C. McCauley
President of Apex Systems LLC
Mr. Sean Casey
President of Creative Circle, LLC
Mr. Matthew M. Riley
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See Also

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

The intrinsic value of one ASGN stock under the Base Case scenario is 115.64 USD.

Is ASGN stock undervalued or overvalued?

Compared to the current market price of 104.76 USD, ASGN Inc is Undervalued by 9%.