About HireQuest
HQI Stock : HireQuest, Inc. is the largest national franchisee of executive search, direct dispatch commercial and executive search services that include HireQuest Direct, HireQuest, Snelling, Link, MRI as well as Northbound Executive Search franchised offices throughout the United States. Through its nationwide network of more than 400 franchisee-owned locations across the United States, HireQuest provides the employment of approximately 75,000 employees every year, who serve thousands of clients in a variety of sectors, including construction manufacturing, light industrial hospitality medical, clerical financial services, travel as well as event and catering services. To learn more, go to www.hirequest.com.
Important Cautions Concerning Forward-Looking Statements
This press release contains certain forward-looking statements that reflect the management’s expectations about the future and our operating performance and only speak at the time of this release. Any statements, other than statements that are based on historical or current actual fact, may be considered forward-looking, including the statements about our decision to declare or the payment in quarterly dividends. These statements are based on the current assumptions, beliefs and projections of the management as well as the current market conditions. There is no guarantee of future dividends being declared and the distribution of the quarterly dividend is contingent upon the Board not cancelling the dividend prior to the date for payment. The declaration of dividends in the future is subject to the approval by the Board of Directors each quarter after a review of financial results and cash requirements. Payment or declaration of dividends to the future is subject to a variety of uncertainties and risks, including the Company’s cash flows and cash requirements and compliance with the applicable law and restrictions on the distribution of dividends under current financial arrangements, or in the future; modifications in tax laws that affect corporate dividends; the decline in the financial condition or performance; and the risks as well as other elements that are identified periodically in the Company’s filings with Securities and Exchange Commission. These forward-looking statements carry several uncertainties and risks. Other factors that could cause the actual results to differ significantly from our expectations are set out in our filings to the Securities and Exchange Commission, like the quarterly and annual reports as well as its current reports on Form 8K. The Company is not under any obligation to make any changes to these forward-looking statements, other than as is required by the law.
HireQuest Returns in comparison to. S&P
| 1 YEAR | 5 YEARS | 5 YEAR Annualized | SINCE IPO | |
|---|---|---|---|---|
| HQI | +17.16% | +282% | ||
| S&P | -7.23% | +51.80% | +8.71% | +39% |
Assets
QARTERLYAnnual
| Q3 2022 | YOY MODIFY | |
|---|---|---|
| Net Cash | $1.54M | -68.0% |
| Accounts Receivable | $45.69M | +18.9% |
| Inventory | 0 | – |
Liability
QARTERLYAn Annual
| Q3 2022 | YOY MODIFY | |
|---|---|---|
| Long Term Debt | $3.43M | +17.9% |
| Short Term Debt | $2.91M | +1,281.8% |
Ratios
QuarterlyAnnual
| Q3 2022 | YOY Change | |
|---|---|---|
| Return On Assets | 14.2% | -20.3% |
| Return On Invested Capital | 22.0% | +23.3% |
Cash Flow
QuarterlyAn Annual
| Q3 2022 | YOY Change | |
|---|---|---|
| Free Cash Flow | $2.22M | -36.5% |
| Operating Free Cash Flow | $2.23M | -36.2% |
Valuation
QARTERLYAn Annual
| Q4 2021 | Q1 2022 | Q2 2022 | Q3 2022 | YOY MODIFY | |
|---|---|---|---|---|---|
| Price to Earnings | 23.37 | 30.08 | 17.68 | 14.78 | -38.8% |
| Price to Book | 6.12 | 5.61 | 4.13 | 3.43 | -45.5% |
| Price to Sales | 12.08 | 9.50 | 6.21 | 5.26 | -61.3% |
| Price to Tangible Book Value | 10.97 | 13.23 | 10.95 | 8.29 | -31.7% |
| Price to Free Cash Flow TTM | 21.41 | 40.38 | 17.44 | 18.04 | -3.0% |
| Enterprise Value to EBITDA | 117.25 | 50.22 | 42.48 | 30.32 | -55.1% |
| Free Cash Flow Yield | 4.7% | 2.5% | 5.7% | 5.5% | +3.1% |
| Return on Equity | 28.5% | 20.0% | 22.8% | 23.1% | -15.6% |
| Total Debt | $3.24M | $9.98M | $7.14M | $6.33M | +103.1% |
