ASGN Incorporated

ASGN Incorporated

ASGNยทNYSE

$40.43

-0.12%
TechnologyInformation Technology Services

ASGN Incorporated provides information technology services and professional solutions in the technology, digital, and creative fields for commercial and government sectors in the United States. It operates through two segments: Commercial and Federal Government. The Commercial Segment provides consulting, creative digital marketing, and permanent placement services primarily to Fortune 1000 and mid-market clients. This segment also offers workforce mobilization, modern enterprise, and digital innovation IT consulting services; and cloud, data and analytics, and digital transformation solutions. The Federal Government Segment provides mission-critical solutions to the department of defense, intelligence agencies, and civilian agencies. This segment offers cloud, cybersecurity, artificial intelligence, machine learning, application and IT modernization, and science and engineering solutions. The company was formerly known as On Assignment, Inc. and changed its name to ASGN Incorporated in April 2018. ASGN Incorporated was incorporated in 1985 and is based in Glen Allen, Virginia.

At a Glance

Live Snapshot
Market Cap$1.73B
EPS2.6200
P/E Ratio15.43
Earnings Date07/22/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

High confidence

Valuation multiple is mid-range (P/E 15.4).

Valuation inputs: P/E 15.4, earnings yield +6.5%, momentum -0.1%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE +6.3%, ROIC +6.6%).

Profitability stack: net margin +2.9%, ROE +6.3%, ROIC +6.6%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +51.1%, momentum -0.1%, net margin +2.9%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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ASGN Incorporated Market vs Earnings Trajectory

ASGN ยท NYSE

Loading price and EPS data...

ASGN Incorporated

ASGN Incorporated Fair Value Envelope

ASGN ยท NYSE

Our analysis suggests that ASGN has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $40.43, this represents a potential HIDDEN relative to our calculated worth for ASGN Incorporated.

Intrinsic Value
Current Price: $40.43
3Y-51.0%
5Y-31.0%
10Y+43.0%
3Y-13.0%
5Y+14.0%
10Y+63.0%
3Y-58.0%
5Y-43.0%
10Y+17.0%
3Y+7.0%
5Y-23.0%
10Y+67.0%
3Y+7.0%
5Y-27.0%
10Y+70.0%
3Y+3.0%
5Y+12.0%
10Y+110.0%
ASGN Incorporated

ASGN Incorporated Profit Bridge

ASGN ยท NYSE
Revenue3.98B
Cost of Goods Sold (2.90B)
Gross Profit1.08B
Operating Expenses (827.50M)
Operating Income256.80M
Interest Expense (67.70M)
Other Income/Expense-94.20M
Pretax Income162.60M
Income Tax (49.10M)
Net Income113.50M
Net Income
113.50M

Profitability Analysis

Gross Margin

27.2%

Moderate margins typical of competitive industries. Monitor for pricing pressure or rising costs.

Operating Margin

6.5%

Acceptable margins but limited operational leverage. Operating expense control is important.

Net Profit Margin

2.9%

Minimal profitability after all expenses. Limited financial flexibility for reinvestment or shareholder returns.

Effective Tax Rate

30.2%

Higher tax burden may reflect limited tax optimization or operations in high-tax jurisdictions.

Profitability Insight

Room for improvement: Moderate profitability with opportunities to enhance margins through better cost management or pricing strategy.

27.24%
Gross Profit Margin
-6%
3Y-9.0%
5Y+1.0%
10Y-16.0%
6.45%
Operating Profit Margin
-13%
3Y-28.0%
5Y-20.0%
10Y-17.0%
2.85%
Net Profit Margin
-33%
3Y-51.0%
5Y-50.0%
10Y-28.0%
6.29%
Return on Equity
-36%
3Y-55.0%
5Y-50.0%
10Y-44.0%
3.08%
Return on Assets
-40%
3Y-59.0%
5Y-50.0%
10Y-44.0%
6.64%
Return on Invested Capital
-8%
3Y-30.0%
5Y-7.0%
10Y-10.0%
ASGN

ASGN Incorporated Cash Conversion Engine

ASGN ยท NYSE
Net Income113.50M
Depreciation & Amortization113.50M
Stock-Based Compensation47.90M
Change in Working Capital-3.50M
Others12.10M
Capital Expenditures-39.80M
Free Cash Flow288.10M

Cash Flow Quality Analysis

FCF Conversion Rate

253.8%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

12.1%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-21.0%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

-$3.50M

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

Cash Flow Quality Insight

Asset-light with strong cash conversion: Low capital requirements combined with efficient cash generation creates significant shareholder value through dividends, buybacks, or strategic investments.

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ASGN Incorporated Funding & Solvency Profile

ASGN ยท NYSE
Cash & Cash Equivalents18.50M
Net Receivables0.00
Inventory0.00
Other Current Assets0.00
Total Current Assets19 M
Property, Plant & Equipment0.00
Goodwill & Intangible Assets2.89B
Long-Term Investments0.00
Other Non-Current Assets0.00
Total Non-Current Assets0
Total Assets
4.03B

Financial Health Analysis

Debt-to-Equity Ratio

1.25x

Elevated leverage. Debt exceeds equity, which amplifies both gains and risks. Monitor debt servicing ability.

Working Capital

19 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

0% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

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ASGN Incorporated Street Expectations Map

ASGN ยท NYSE

Wall Street analysts project that ASGN stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 56.20, with estimates ranging from a low of 45.00 to a high of 65.00.

Lowest Target
45.00
11.30%
Consensus Target
56.20
39.01%
Highest Target
65.00
60.77%

The consensus 1-year price target stands at 56.20, with estimates ranging from a low of 45.00 to a high of 65.00.

Analyst Consensus Analysis

Upside Potential

+39.0%

Substantial upside potential. Analysts see significant value gap, suggesting the stock may be materially undervalued at current levels.

Analyst Agreement

35.6% spread

Good consensus alignment. Moderate target spread reflects general agreement on value drivers with some variance in assumptions.

Analyst Conviction

High

Positive outlook with reasonable agreement. Analysts generally optimistic about prospects with manageable uncertainty.

Market Sentiment Insight

Monitor and evaluate: Current analyst consensus suggests limited conviction or near-term catalysts. Stay informed on company developments and reassess positioning as new information emerges.

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ASGN Incorporated Insider Positioning

ASGN ยท NYSE

During the last 12 months, insiders have sold $16K worth of ASGN shares, with no buying activity reported.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

9-12 Months

Bought

0

0.00

Sold

308

15.89K

Net Activity

-16K

-$16K

Top Buyers

No buying activity

Top Sellers

1
OPL

Obermaier Patricia L

Director

308 sharesโ€ข1 transactions

$16K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $16K net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.00:1

Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.

Insider Participation

High Selling

1 insider sellers vs. 0 buyers. Widespread selling across multiple insiders may signal concerns.

No Dividend Yield Data

ASGN has not reported any dividend yield values in the available annual periods.

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asgn Dividend History

ASGN
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%