Intrinsic value of On Assignment - ASGN

Previous Close

$49.36

  Intrinsic Value

$44.64

stock screener

  Rating & Target

hold

-10%

  Value-price divergence*

-10%

Previous close

$49.36

 
Intrinsic value

$44.64

 
Up/down potential

-10%

 
Rating

hold

 
Value-price divergence*

-10%

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of ASGN stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2016), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 2.6

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  18.16
  7.40
  7.16
  6.94
  6.75
  6.57
  6.42
  6.28
  6.15
  6.03
  5.93
  5.84
  5.75
  5.68
  5.61
  5.55
  5.49
  5.44
  5.40
  5.36
  5.32
  5.29
  5.26
  5.24
  5.21
  5.19
  5.17
  5.16
  5.14
  5.13
  5.11
Revenue, $m
  2,440
  2,621
  2,808
  3,003
  3,206
  3,417
  3,636
  3,864
  4,102
  4,349
  4,607
  4,876
  5,156
  5,449
  5,755
  6,074
  6,408
  6,757
  7,122
  7,504
  7,903
  8,321
  8,759
  9,218
  9,698
  10,202
  10,729
  11,283
  11,862
  12,470
  13,108
Variable operating expenses, $m
 
  2,355
  2,517
  2,686
  2,861
  3,043
  3,233
  3,431
  3,636
  3,850
  4,073
  4,219
  4,461
  4,715
  4,979
  5,255
  5,544
  5,846
  6,162
  6,492
  6,838
  7,199
  7,578
  7,975
  8,391
  8,826
  9,283
  9,761
  10,263
  10,789
  11,341
Fixed operating expenses, $m
 
  54
  56
  57
  59
  60
  61
  63
  65
  66
  68
  70
  71
  73
  75
  77
  79
  81
  83
  85
  87
  89
  91
  94
  96
  98
  101
  103
  106
  108
  111
Total operating expenses, $m
  2,251
  2,409
  2,573
  2,743
  2,920
  3,103
  3,294
  3,494
  3,701
  3,916
  4,141
  4,289
  4,532
  4,788
  5,054
  5,332
  5,623
  5,927
  6,245
  6,577
  6,925
  7,288
  7,669
  8,069
  8,487
  8,924
  9,384
  9,864
  10,369
  10,897
  11,452
Operating income, $m
  190
  212
  236
  260
  286
  313
  341
  371
  401
  433
  466
  588
  624
  662
  701
  742
  785
  830
  877
  927
  979
  1,033
  1,090
  1,149
  1,212
  1,277
  1,346
  1,418
  1,493
  1,573
  1,656
EBITDA, $m
  252
  322
  347
  374
  402
  430
  460
  492
  524
  558
  593
  630
  669
  709
  751
  795
  841
  889
  939
  992
  1,047
  1,105
  1,166
  1,229
  1,296
  1,366
  1,439
  1,516
  1,597
  1,681
  1,770
Interest expense (income), $m
  27
  25
  27
  30
  33
  36
  39
  42
  45
  48
  52
  56
  59
  63
  67
  72
  76
  81
  86
  91
  96
  102
  108
  114
  121
  127
  135
  142
  150
  158
  167
Earnings before tax, $m
  157
  187
  208
  230
  253
  278
  303
  329
  356
  384
  414
  532
  565
  598
  634
  670
  709
  749
  792
  836
  882
  931
  982
  1,035
  1,091
  1,150
  1,211
  1,276
  1,344
  1,415
  1,489
Tax expense, $m
  60
  50
  56
  62
  68
  75
  82
  89
  96
  104
  112
  144
  152
  162
  171
  181
  191
  202
  214
  226
  238
  251
  265
  279
  295
  310
  327
  344
  363
  382
  402
Net income, $m
  97
  136
  152
  168
  185
  203
  221
  240
  260
  281
  302
  389
  412
  437
  462
  489
  518
  547
  578
  610
  644
  679
  717
  756
  796
  839
  884
  931
  981
  1,033
  1,087

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  27
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  1,753
  1,853
  1,986
  2,124
  2,267
  2,416
  2,571
  2,733
  2,901
  3,076
  3,258
  3,448
  3,647
  3,854
  4,070
  4,296
  4,532
  4,779
  5,037
  5,307
  5,589
  5,885
  6,195
  6,519
  6,859
  7,215
  7,588
  7,979
  8,389
  8,819
  9,270
Adjusted assets (=assets-cash), $m
  1,726
  1,853
  1,986
  2,124
  2,267
  2,416
  2,571
  2,733
  2,901
  3,076
  3,258
  3,448
  3,647
  3,854
  4,070
  4,296
  4,532
  4,779
  5,037
  5,307
  5,589
  5,885
  6,195
  6,519
  6,859
  7,215
  7,588
  7,979
  8,389
  8,819
  9,270
Revenue / Adjusted assets
  1.414
  1.414
  1.414
  1.414
  1.414
  1.414
  1.414
  1.414
  1.414
  1.414
  1.414
  1.414
  1.414
  1.414
  1.414
  1.414
  1.414
  1.414
  1.414
  1.414
  1.414
  1.414
  1.414
  1.414
  1.414
  1.414
  1.414
  1.414
  1.414
  1.414
  1.414
Average production assets, $m
  453
  487
  522
  559
  596
  636
  676
  719
  763
  809
  857
  907
  959
  1,014
  1,070
  1,130
  1,192
  1,257
  1,325
  1,396
  1,470
  1,548
  1,629
  1,715
  1,804
  1,898
  1,996
  2,099
  2,206
  2,320
  2,438
Working capital, $m
  275
  267
  286
  306
  327
  349
  371
  394
  418
  444
  470
  497
  526
  556
  587
  620
  654
  689
  726
  765
  806
  849
  893
  940
  989
  1,041
  1,094
  1,151
  1,210
  1,272
  1,337
Total debt, $m
  640
  705
  773
  843
  917
  993
  1,073
  1,155
  1,241
  1,331
  1,424
  1,522
  1,623
  1,729
  1,840
  1,955
  2,076
  2,203
  2,335
  2,473
  2,618
  2,769
  2,928
  3,094
  3,268
  3,450
  3,641
  3,841
  4,051
  4,271
  4,502
Total liabilities, $m
  884
  949
  1,017
  1,087
  1,161
  1,237
  1,317
  1,399
  1,485
  1,575
  1,668
  1,766
  1,867
  1,973
  2,084
  2,199
  2,320
  2,447
  2,579
  2,717
  2,862
  3,013
  3,172
  3,338
  3,512
  3,694
  3,885
  4,085
  4,295
  4,515
  4,746
Total equity, $m
  869
  904
  969
  1,036
  1,106
  1,179
  1,255
  1,334
  1,416
  1,501
  1,590
  1,683
  1,780
  1,881
  1,986
  2,096
  2,212
  2,332
  2,458
  2,590
  2,727
  2,872
  3,023
  3,181
  3,347
  3,521
  3,703
  3,894
  4,094
  4,304
  4,524
Total liabilities and equity, $m
  1,753
  1,853
  1,986
  2,123
  2,267
  2,416
  2,572
  2,733
  2,901
  3,076
  3,258
  3,449
  3,647
  3,854
  4,070
  4,295
  4,532
  4,779
  5,037
  5,307
  5,589
  5,885
  6,195
  6,519
  6,859
  7,215
  7,588
  7,979
  8,389
  8,819
  9,270
Debt-to-equity ratio
  0.736
  0.780
  0.800
  0.810
  0.830
  0.840
  0.850
  0.870
  0.880
  0.890
  0.900
  0.900
  0.910
  0.920
  0.930
  0.930
  0.940
  0.940
  0.950
  0.950
  0.960
  0.960
  0.970
  0.970
  0.980
  0.980
  0.980
  0.990
  0.990
  0.990
  1.000
Adjusted equity ratio
  0.488
  0.488
  0.488
  0.488
  0.488
  0.488
  0.488
  0.488
  0.488
  0.488
  0.488
  0.488
  0.488
  0.488
  0.488
  0.488
  0.488
  0.488
  0.488
  0.488
  0.488
  0.488
  0.488
  0.488
  0.488
  0.488
  0.488
  0.488
  0.488
  0.488
  0.488

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  97
  136
  152
  168
  185
  203
  221
  240
  260
  281
  302
  389
  412
  437
  462
  489
  518
  547
  578
  610
  644
  679
  717
  756
  796
  839
  884
  931
  981
  1,033
  1,087
Depreciation, amort., depletion, $m
  62
  110
  112
  114
  115
  117
  119
  121
  123
  125
  127
  42
  45
  47
  50
  53
  56
  59
  62
  65
  69
  72
  76
  80
  84
  89
  93
  98
  103
  108
  114
Funds from operations, $m
  177
  246
  264
  282
  300
  320
  340
  361
  383
  406
  430
  431
  457
  484
  513
  542
  573
  606
  640
  675
  713
  752
  793
  836
  881
  928
  977
  1,029
  1,084
  1,141
  1,201
Change in working capital, $m
  -19
  18
  19
  20
  21
  21
  22
  23
  24
  25
  26
  27
  29
  30
  31
  33
  34
  36
  37
  39
  41
  43
  45
  47
  49
  51
  54
  56
  59
  62
  65
Cash from operations, $m
  196
  228
  245
  262
  280
  298
  318
  338
  359
  381
  403
  404
  428
  454
  481
  510
  539
  570
  603
  636
  672
  709
  748
  789
  832
  877
  924
  973
  1,025
  1,079
  1,136
Maintenance CAPEX, $m
  0
  -21
  -23
  -24
  -26
  -28
  -30
  -32
  -34
  -36
  -38
  -40
  -42
  -45
  -47
  -50
  -53
  -56
  -59
  -62
  -65
  -69
  -72
  -76
  -80
  -84
  -89
  -93
  -98
  -103
  -108
New CAPEX, $m
  -27
  -34
  -35
  -36
  -38
  -39
  -41
  -42
  -44
  -46
  -48
  -50
  -52
  -54
  -57
  -59
  -62
  -65
  -68
  -71
  -74
  -78
  -81
  -85
  -89
  -94
  -98
  -103
  -108
  -113
  -119
Cash from investing activities, $m
  -22
  -55
  -58
  -60
  -64
  -67
  -71
  -74
  -78
  -82
  -86
  -90
  -94
  -99
  -104
  -109
  -115
  -121
  -127
  -133
  -139
  -147
  -153
  -161
  -169
  -178
  -187
  -196
  -206
  -216
  -227
Free cash flow, $m
  174
  172
  187
  201
  216
  231
  247
  264
  281
  299
  318
  313
  334
  355
  377
  400
  424
  450
  476
  504
  532
  563
  594
  627
  662
  699
  737
  777
  819
  863
  909
Issuance/(repayment) of debt, $m
  -118
  65
  68
  71
  73
  76
  79
  83
  86
  90
  93
  97
  102
  106
  111
  116
  121
  126
  132
  138
  145
  151
  159
  166
  174
  182
  191
  200
  210
  220
  231
Issuance/(repurchase) of shares, $m
  -31
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  -171
  65
  68
  71
  73
  76
  79
  83
  86
  90
  93
  97
  102
  106
  111
  116
  121
  126
  132
  138
  145
  151
  159
  166
  174
  182
  191
  200
  210
  220
  231
Total cash flow (excl. dividends), $m
  3
  237
  255
  272
  289
  307
  326
  346
  367
  388
  411
  411
  435
  461
  488
  516
  545
  576
  608
  642
  677
  714
  753
  794
  836
  881
  928
  977
  1,029
  1,083
  1,140
Retained Cash Flow (-), $m
  -84
  -62
  -65
  -67
  -70
  -73
  -76
  -79
  -82
  -85
  -89
  -93
  -97
  -101
  -106
  -110
  -115
  -120
  -126
  -132
  -138
  -144
  -151
  -158
  -166
  -174
  -182
  -191
  -200
  -210
  -220
Prev. year cash balance distribution, $m
 
  27
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  202
  190
  204
  219
  235
  251
  268
  285
  303
  322
  318
  339
  360
  382
  406
  430
  455
  482
  510
  539
  570
  602
  635
  670
  707
  746
  786
  829
  873
  920
Discount rate, %
 
  6.20
  6.51
  6.84
  7.18
  7.54
  7.91
  8.31
  8.72
  9.16
  9.62
  10.10
  10.60
  11.13
  11.69
  12.28
  12.89
  13.53
  14.21
  14.92
  15.67
  16.45
  17.27
  18.14
  19.04
  20.00
  21.00
  22.05
  23.15
  24.30
  25.52
PV of cash for distribution, $m
 
  190
  168
  168
  166
  163
  159
  153
  146
  138
  129
  110
  101
  91
  81
  71
  62
  53
  44
  36
  29
  23
  18
  14
  10
  7
  5
  4
  2
  2
  1
Current shareholders' claim on cash, %
  100
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

On Assignment, Inc. is a global provider of in-demand, skilled professionals in the technology, life sciences and creative sectors. The Company matches resumes with job descriptions to match people they know into positions they understand for temporary, contract-to-hire, and direct hire assignments. It operates through two segments. The Apex segment provides technical, scientific and creative professionals for temporary, contract-to-hire and permanent placement positions and consulting services to clients across the United States. The Apex segment includes Apex Systems, Lab Support and Creative Circle. The Oxford segment provides specialized niche staffing, permanent placement and consulting services in select skill and geographic markets. The Oxford segment includes Oxford Global Resources, CyberCoders and Life Sciences Europe. The Company has a network of branch offices throughout the United States, Canada and Europe.

FINANCIAL RATIOS  of  On Assignment (ASGN)

Valuation Ratios
P/E Ratio 26.8
Price to Sales 1.1
Price to Book 3
Price to Tangible Book
Price to Cash Flow 13.3
Price to Free Cash Flow 15.4
Growth Rates
Sales Growth Rate 18.2%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 8%
Cap. Spend. - 3 Yr. Gr. Rate 9.7%
Financial Strength
Quick Ratio NaN
Current Ratio 0.1
LT Debt to Equity 73.6%
Total Debt to Equity 73.6%
Interest Coverage 7
Management Effectiveness
Return On Assets 6.5%
Ret/ On Assets - 3 Yr. Avg. 6.8%
Return On Total Capital 6.4%
Ret/ On T. Cap. - 3 Yr. Avg. 7.1%
Return On Equity 11.7%
Return On Equity - 3 Yr. Avg. 12.5%
Asset Turnover 1.4
Profitability Ratios
Gross Margin 32.6%
Gross Margin - 3 Yr. Avg. 32.6%
EBITDA Margin 10.1%
EBITDA Margin - 3 Yr. Avg. 9.9%
Operating Margin 7.7%
Oper. Margin - 3 Yr. Avg. 7.7%
Pre-Tax Margin 6.4%
Pre-Tax Margin - 3 Yr. Avg. 6.5%
Net Profit Margin 4%
Net Profit Margin - 3 Yr. Avg. 4.4%
Effective Tax Rate 38.2%
Eff/ Tax Rate - 3 Yr. Avg. 40.3%
Payout Ratio 0%

ASGN stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the ASGN stock intrinsic value calculation we used $2440 million for the last fiscal year's total revenue generated by On Assignment. The default revenue input number comes from 2016 income statement of On Assignment. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our ASGN stock valuation model: a) initial revenue growth rate of 7.4% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 6.2%, whose default value for ASGN is calculated based on our internal credit rating of On Assignment, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of On Assignment.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of ASGN stock the variable cost ratio is equal to 90.1%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $53 million in the base year in the intrinsic value calculation for ASGN stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 3.9% for On Assignment.

Corporate tax rate of 27% is the nominal tax rate for On Assignment. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the ASGN stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for ASGN are equal to 18.6%.

Life of production assets of 21.4 years is the average useful life of capital assets used in On Assignment operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for ASGN is equal to 10.2%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $869 million for On Assignment - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 52.562 million for On Assignment is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of On Assignment at the current share price and the inputted number of shares is $2.6 billion.

RELATED COMPANIES Price Int.Val. Rating
KELYA Kelly Services 22.29 11.68  sell
RHI Robert Half In 46.47 50.27  hold
KFRC Kforce 18.15 22.11  buy
CDI CDI 8.25 1.92  str.sell
MAN ManpowerGroup 113.89 204.15  str.buy
MHH Mastech Digita 9.92 6.10  sell
TBI TrueBlue 20.90 27.34  buy
KFY Korn/Ferry Int 36.59 37.62  hold

COMPANY NEWS

▶ On Assignment Completes Term Loan Reprice   [Aug-23-17 09:00AM  Business Wire]
▶ On Assignment beats 2Q profit forecasts   [Jul-27-17 12:00AM  Associated Press]
▶ On Assignment Reports Results for Second Quarter of 2017   [Jul-26-17 04:15PM  Business Wire]
▶ ETFs with exposure to On Assignment, Inc. : May 30, 2017   [May-30-17 12:16PM  Capital Cube]
▶ ETFs with exposure to On Assignment, Inc. : May 16, 2017   [May-16-17 12:46PM  Capital Cube]
▶ On Assignment beats Street 1Q forecasts   [Apr-26-17 06:04PM  Associated Press]
▶ LPC: On Assignment dispenses with loan Libor floor   [Apr-12-17 11:44AM  Reuters]
▶ On Assignment misses 4Q profit forecasts   [04:57PM  Associated Press]
▶ Apex Systems Wins Top 5 Elite Award from TAPFIN   [Jan-20-17 12:22PM  Business Wire]
▶ On Assignment Rebrands Company Image (ASGN)   [Jan-12-17 12:02PM  at Investopedia]
▶ On Assignment Unveils Dramatic Rebranding   [Jan-09-17 09:30AM  Business Wire]
▶ CyberCoders Named a Top Workplace   [Jan-04-17 11:00AM  Business Wire]
▶ Is On Assignment, Inc. (ASGN) A Good Stock To Buy?   [Dec-02-16 11:40AM  at Insider Monkey]
▶ [$$] 7 Under-the-Radar Small-Cap Growth Stocks   [Sep-07-16 01:05PM  at Barrons.com]
Financial statements of ASGN
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

FREE DOWNLOAD
Follow us on:   twitter   twitter   twitter   twitter

VALUATION THEORY       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2017. All rigths reserved.