Added to YB: 2024-03-27
Pitch date: 2024-03-26
HQI [bullish]
HireQuest, Inc.
-35.32%
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
$12.21
Price Target
N/A
Dividend
2.44%
EV/EBITDA
13.44
P/E
18.90
EV/Sales
4.40
Sector
Professional Services
Category
growth
HireQuest, Inc. - $HQI
HQI: Staffing franchisor grew sales 40% & EBIT 27% CAGR past 3 yrs despite tough '23 comps. Net margin hit at 17% vs 39-52% prior due to one-off $3.7M worker's comp cost; normalized 30-40%+ on asset-light model funding franchisees. Strong cash flows to keep acquiring in down cycle at 17-40% CFROIC. Upside to 11-14x P/E on margin recovery + 20%+ growth.
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