Professional
Added to YB: 2024-03-04
Pitch date: 2024-02-29
HQI [bullish]
HireQuest, Inc.
-38.47%
current return
Author Info
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Company Info
HireQuest, Inc. provides staffing solutions in the United States. The company offers direct-dispatch, executive search, commercial staffing, unskilled and semi-skilled industrial, construction personnel, skilled and semi-skilled industrial personnel, clerical and administrative personnel, permanent placement, commercial and non-CDL drivers, skilled personnel, and executive placement and consultant services.
Market Cap
$138.5M
Pitch Price
$12.84
Price Target
35.00 (+343%)
Dividend
2.44%
EV/EBITDA
13.44
P/E
18.90
EV/Sales
4.40
Sector
Professional Services
Category
growth
Artko Capital Portfolio Holding: HireQuest, Inc.
HQI 11% of port. Rev +67% '22, +23% 9mo '23 desp acquisition & labor concerns. SG&A +54%, surprise comp costs in "kitchen sink" yr. $180M mkt cap, $32M M&A '21-'22, $20M+ '23. Franchise model: mgrs buy in for 6% fee. System sales ~$650M end '23, royalties $40M+. Expect <$20M expenses, $30M+ EBITDA '24, 8-10x multiple = $35 PT. Hold for sale.
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