Added to YB: 2025-07-15
Pitch date: 2025-07-13
ASGN [bearish]
ASGN Incorporated
+0.54%
current return
Author Info
No bio for this author
Company Info
ASGN Incorporated engages in the provision of information technology (IT) services and solutions in the technology, digital, and creative fields for commercial and government sectors in the United States, Canada, and Europe.
Market Cap
$1.8B
Pitch Price
$48.33
Price Target
29.20 (-39%)
Dividend
N/A
EV/EBITDA
7.34
P/E
14.47
EV/Sales
0.74
Sector
IT Services
Category
N/A
ASGN Short: Low-Quality Earnings, High AI Exposure, and a Broken Roll-Up Model
ASGN short: Organic high single-digit decline masked by $1.35B acquisitions over 7 years (only 11% rev growth). True FCF ~$100-200M after acquisitions, not $300-400M. AI threatens IT consulting business (40% hourly billing already -15% QoQ). Trading at 10-11x P/FCF, but 20-40% downside risk if decline continues.
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