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26.5 (1y: +55%)
Market Cap 1.4 B P/E(ttm) 22.20
Enterprise Value 1.77 B P/B 2.60
ASGN- NYSE (USA)
On Assignment, Inc.
  • Currently 1/5
Business Predictability Rank: 1-Star
Back Testing Results:
Average gain of all 1-Star stocks: 1.1% per year.
% of Stocks that are in still loss if held for 10yrs: 45%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$26.50
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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry		 vs
history
Cash to Debt 0.064
ASGN's Cash to Debt is ranked lower than
93% of the 73 Companies
in the Global Staffing & Outsourcing Services industry.

( Industry Median: 174.47 vs. ASGN: 0.064 )
ASGN' s 10-Year Cash to Debt Range
Min: 0.06   Max: No Debt
Current: 0.06
Equity to Asset -0.209
ASGN's Equity to Asset is ranked lower than
95% of the 73 Companies
in the Global Staffing & Outsourcing Services industry.

( Industry Median: 0.38 vs. ASGN: -0.209 )
ASGN' s 10-Year Equity to Asset Range
Min: -0.21   Max: 0.9
Current: -0.21
-0.21
0.9
Interest Coverage 5.2
ASGN's Interest Coverage is ranked lower than
79% of the 73 Companies
in the Global Staffing & Outsourcing Services industry.

( Industry Median: 790.35 vs. ASGN: 5.2 )
ASGN' s 10-Year Interest Coverage Range
Min: 0   Max: No Debt
Current: 5.2
F-Score: 5
Z-Score: 3.36
M-Score: -2.21
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 5/10

vs
industry		 vs
history
Operating margin (%) 7.50
ASGN's Operating margin (%) is ranked higher than
82% of the 73 Companies
in the Global Staffing & Outsourcing Services industry.

( Industry Median: 4.80 vs. ASGN: 7.50 )
ASGN' s 10-Year Operating margin (%) Range
Min: -39.7   Max: 14.5
Current: 7.5
-39.7
14.5
Net-margin (%) 3.4
ASGN's Net-margin (%) is ranked higher than
68% of the 73 Companies
in the Global Staffing & Outsourcing Services industry.

( Industry Median: 2.35 vs. ASGN: 3.4 )
ASGN' s 10-Year Net-margin (%) Range
Min: -39   Max: 9.9
Current: 3.4
-39
9.9
ROE (%) 8
ASGN's ROE (%) is ranked higher than
56% of the 73 Companies
in the Global Staffing & Outsourcing Services industry.

( Industry Median: 11.20 vs. ASGN: 8 )
ASGN' s 10-Year ROE (%) Range
Min: -70.6   Max: 22.8
Current: 8
-70.6
22.8
ROA (%) 3.9
ASGN's ROA (%) is ranked higher than
60% of the 73 Companies
in the Global Staffing & Outsourcing Services industry.

( Industry Median: 5.60 vs. ASGN: 3.9 )
ASGN' s 10-Year ROA (%) Range
Min: -62   Max: 20.2
Current: 3.9
-62
20.2
ROC (Joel Greenblatt) (%) 50.30
ASGN's ROC (Joel Greenblatt) (%) is ranked higher than
77% of the 73 Companies
in the Global Staffing & Outsourcing Services industry.

( Industry Median: 51.80 vs. ASGN: 50.30 )
ASGN' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -304.6   Max: 122.1
Current: 50.3
-304.6
122.1
Revenue Growth (%) 22.6
ASGN's Revenue Growth (%) is ranked higher than
70% of the 73 Companies
in the Global Staffing & Outsourcing Services industry.

( Industry Median: -0.55 vs. ASGN: 22.6 )
ASGN' s 10-Year Revenue Growth (%) Range
Min: -6.7   Max: 22.6
Current: 22.6
-6.7
22.6
EBITDA Growth (%) 35
ASGN's EBITDA Growth (%) is ranked higher than
82% of the 73 Companies
in the Global Staffing & Outsourcing Services industry.

( Industry Median: -0.80 vs. ASGN: 35 )
ASGN' s 10-Year EBITDA Growth (%) Range
Min: -31.4   Max: 66.7
Current: 35
-31.4
66.7
EPS Growth (%) 61.8
ASGN's EPS Growth (%) is ranked higher than
85% of the 73 Companies
in the Global Staffing & Outsourcing Services industry.

( Industry Median: 4.10 vs. ASGN: 61.8 )
ASGN' s 10-Year EPS Growth (%) Range
Min: 0   Max: 61.8
Current: 61.8
0
61.8
» ASGN's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

ASGN Guru Trades in Q2 2012

Paul Tudor Jones 21,000 sh (New)
Jim Simons 102,694 sh (+84.06%)
Chuck Royce 501,500 sh (unchged)
Pioneer Investments 475,415 sh (-20.2%)
Steven Cohen 10,162 sh (-35.03%)
» More
Q3 2012

ASGN Guru Trades in Q3 2012

Ron Baron 1,000,000 sh (New)
Chuck Royce 501,500 sh (unchged)
Paul Tudor Jones Sold Out
Steven Cohen Sold Out
Pioneer Investments 450,097 sh (-5.33%)
Jim Simons 72,794 sh (-29.12%)
» More
Q4 2012

ASGN Guru Trades in Q4 2012

Jim Simons 88,292 sh (+21.29%)
Pioneer Investments 471,489 sh (+4.75%)
Ron Baron 1,000,000 sh (unchged)
Chuck Royce 501,500 sh (unchged)
» More
Q1 2013

ASGN Guru Trades in Q1 2013

Ron Baron 1,000,000 sh (unchged)
Chuck Royce 501,500 sh (unchged)
Jim Simons Sold Out
Pioneer Investments 278,507 sh (-40.93%)
» More
» Details

Insider Trades

Latest Guru Trades with ASGN

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Ron Baron 2012-09-30 New Buy0.13%$14.72 - $20.59 $ 26.2657%1000000
Premium More recent guru trades are included for Premium Members only!!

Guru Investment Theses on On Assignment, Inc.

Baron Funds Comments on On Assignment Inc. - Dec 07, 2012

On Assignment, Inc. (ASGN) is a leading professional staffing provider, serving the technology, healthcare and life science verticals. ASGN focuses on higher-end math and science skills that are specialized knowledge bases in demand in this recovery. The company has been one of the fastest growing public staffing companies and has the highest profit margins. ASGN made an important acquisition of Apex Systems during the quarter, and we participated in a public offering in conjunction with the deal. Apex more than doubled the revenue base of ASGN and tilted the mix of revenues, now to about 75%, in the faster growing IT sector. The deal is nicely accretive, and we feel comfortable that the substantial debt being assumed is appropriate and will enhance shareholder returns. We had an investment in ASGN a decade ago and have been tracking its renaissance for some time. We expect strong margin increases and free cash flow to drive earnings growth, though we are mindful of cyclical risks, and we believe the company is an attractive acquisition target down the road.

From Baron Funds third quarter letter.


Check out Ron Baron latest stock trades

Top Ranked Articles about On Assignment, Inc.

Baron Funds Comments on On Assignment Inc.
December 7, 2012
On Assignment, Inc. (ASGN) is a leading professional staffing provider, serving the technology, healthcare and life science verticals. ASGN focuses on higher-end math and science skills that are specialized knowledge bases in demand in this recovery. The company has been one of the fastest growing public staffing companies and has the highest profit margins. ASGN made an important acquisition of Apex Systems during the quarter, and we participated in a public offering in conjunction with the deal. Apex more than doubled the revenue base of ASGN and tilted the mix of revenues, now to about 75%, in the faster growing IT sector. The deal is nicely accretive, and we feel comfortable that the substantial debt being assumed is appropriate and will enhance shareholder returns. We had an investment in ASGN a decade ago and have been tracking its renaissance for some time. We expect strong margin increases and free cash flow to drive earnings growth, though we are mindful of cyclical risks, and we believe the company is an attractive acquisition target down the road. Read more...
Weekly CFO Sells Highlight: ASGN, COF, AKRX, MCRS, GILD, ROP, PLL
September 24, 2012
According to GuruFocus Insider Data, the largest CFO sells during the past week were: On Assignment Inc., Capital One Financial Corp, Akorn Inc., MICROS Systems Inc., Gilead Sciences Inc., Roper Industries Inc. and Pall Corporation. Read more...

Ratios

vs
industry		 vs
history
P/E(ttm) 22.20
ASGN's P/E(ttm) is ranked higher than
58% of the 73 Companies
in the Global Staffing & Outsourcing Services industry.

( Industry Median: 21.60 vs. ASGN: 22.20 )
ASGN' s 10-Year P/E(ttm) Range
Min: 2.88   Max: 1229
Current: 22.2
2.88
1229
P/B 2.60
ASGN's P/B is ranked lower than
71% of the 73 Companies
in the Global Staffing & Outsourcing Services industry.

( Industry Median: 1.81 vs. ASGN: 2.60 )
ASGN' s 10-Year P/B Range
Min: 0.23   Max: 9.74
Current: 2.6
0.23
9.74
P/S 0.90
ASGN's P/S is ranked lower than
81% of the 73 Companies
in the Global Staffing & Outsourcing Services industry.

( Industry Median: 0.49 vs. ASGN: 0.90 )
ASGN' s 10-Year P/S Range
Min: 0.09   Max: 4.13
Current: 0.9
0.09
4.13
PFCF 78.00
ASGN's PFCF is ranked lower than
85% of the 73 Companies
in the Global Staffing & Outsourcing Services industry.

( Industry Median: 13.74 vs. ASGN: 78.00 )
ASGN' s 10-Year PFCF Range
Min: 1.31   Max: 1332
Current: 78
1.31
1332
EV-to-EBIT 16.4
ASGN's EV-to-EBIT is ranked higher than
59% of the 73 Companies
in the Global Staffing & Outsourcing Services industry.

( Industry Median: 12.71 vs. ASGN: 16.4 )
ASGN' s 10-Year EV-to-EBIT Range
Min: 2.9   Max: 145.7
Current: 16.4
2.9
145.7
PEG 1.4
ASGN's PEG is ranked lower than
76% of the 74 Companies
in the Global Staffing & Outsourcing Services industry.

( Industry Median: 0.83 vs. ASGN: 1.4 )
ASGN' s 10-Year PEG Range
Min: 0.98   Max: 60.89
Current: 1.4
0.98
60.89
Shiller P/E 58.7
ASGN's Shiller P/E is ranked higher than
73% of the 73 Companies
in the Global Staffing & Outsourcing Services industry.

( Industry Median: 22.50 vs. ASGN: 58.7 )
ASGN' s 10-Year Shiller P/E Range
Min: 23.55   Max: 310.5
Current: 58.7
23.55
310.5

Valuation & Return

vs
industry		 vs
history
Price/Net Current Asset Value 8.2
ASGN's Price/Net Current Asset Value is ranked higher than
88% of the 73 Companies
in the Global Staffing & Outsourcing Services industry.

( Industry Median: 3.55 vs. ASGN: 8.2 )
ASGN' s 10-Year Price/Net Current Asset Value Range
Min: 3.7   Max: 28.5
Current: 8.2
3.7
28.5
Price/DCF (Projected) 1.9
ASGN's Price/DCF (Projected) is ranked higher than
96% of the 73 Companies
in the Global Staffing & Outsourcing Services industry.

( Industry Median: 0.70 vs. ASGN: 1.9 )
ASGN' s 10-Year Price/DCF (Projected) Range
Min: 0.6   Max: 1.9
Current: 1.9
0.6
1.9
Price/Median PS Value 1.2
ASGN's Price/Median PS Value is ranked higher than
92% of the 73 Companies
in the Global Staffing & Outsourcing Services industry.

( Industry Median: 0.80 vs. ASGN: 1.2 )
ASGN' s 10-Year Price/Median PS Value Range
Min: 0.4   Max: 4.4
Current: 1.2
0.4
4.4
Price/Peter Lynch Fair Value 2.7
ASGN's Price/Peter Lynch Fair Value is ranked lower than
100% of the Companies
in the Global Staffing & Outsourcing Services industry.

( Industry Median: vs. ASGN: 2.7 )
ASGN' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.5   Max: 3.3
Current: 2.7
0.5
3.3
Earnings Yield (Greenblatt) 6.10
ASGN's Earnings Yield (Greenblatt) is ranked higher than
70% of the 73 Companies
in the Global Staffing & Outsourcing Services industry.

( Industry Median: 8.30 vs. ASGN: 6.10 )
ASGN' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.7   Max: 34.1
Current: 6.1
0.7
34.1
Forward Rate of Return (Yacktman) 10.2
ASGN's Forward Rate of Return (Yacktman) is ranked higher than
77% of the 73 Companies
in the Global Staffing & Outsourcing Services industry.

( Industry Median: 4.67 vs. ASGN: 10.2 )
ASGN' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -9.8   Max: 64
Current: 10.2
-9.8
64

Business Description

On Assignment, Inc. was incorporated on December 30, 1985. The Company is a global provider of highly skilled, hard-to-find professionals in the growing life sciences, healthcare, and technology sectors, where quality people are the key to success. The Company goes beyond matching résumés with job descriptions to match people they know into positions they understand, for contract, contract-to-hire, and direct hire assignments. Its business currently consists of four operating segments: Life Sciences, Healthcare, Physician, and IT and Engineering. The Life Sciences segment provides contract and permanent life science professionals to clients in the biotechnology, pharmaceutical, food and beverage, personal care, chemical, medical device, automotive, municipal, education and environmental industries. Its contract professionals include chemists, clinical research associates, clinical lab assistants, engineers, biologists, biochemists, microbiologists, molecular biologists, biostatisticians, drug safety specialists, SAS programmers, medical writers, food scientists, regulatory affairs specialists, lab assistants and other skilled scientific professionals. The Healthcare segment, comprised of its Nurse Travel and Allied Healthcare lines of business provides contract professionals, both locally-based and traveling, from a number of healthcare and allied healthcare occupations. Its contract professionals include nurses, specialty nurses, health information management professionals, dialysis technicians, surgical technicians, imaging technicians, x-ray technicians, medical technologists, medical assistants, pharmacists, pharmacy technicians, respiratory therapists, phlebotomists, coders, billers, claims processors and collections staff, and dental professionals - including dental assistants, hygienists and dentists and rehabilitation therapists. Its Physician segment includes its physician staffing and permanent physician search services, which provides short and long-term locum tenens coverage and full-service physician search and consulting in the United States with capabilities in Australia and New Zealand. The Company work's with physicians from nearly all medical specialties, placing them in hospitals, community-based practices, and federal, state and local facilities. Its IT and Engineering segment includes its IT and Engineering line of business, which provides high-end consultants with expertise in specialized information technology and engineering fields. It combine international reach with local depth, serving clients through a network of recruiting centers in North America and Europe, and branch offices in major metropolitan markets across the United States. The Company's operations are subject to additional state and local regulations that require temporary staffing companies placing healthcare personnel to be licensed or separately registered to an extent beyond that required by temporary staffing companies that only place
Company Website
SEC Reports
Industry: Staffing & Outsourcing Services
Compare:PAYX, AHEXY, RANJY, TMH, HAYPY
Traded in other countries:OA2.Germany
» More Articles for ASGN

Headlines

Articles On GuruFocus.com
Baron Funds Comments on On Assignment Inc. Dec 07 2012 
Weekly CFO Sells Highlight: ASGN, COF, AKRX, MCRS, GILD, ROP, PLL Sep 24 2012 
On Assignment Inc. (ASGN) Senior Vice President and CFO James L Brill sells 2,692 Shares Mar 07 2011 
On Assignment Inc. (ASGN) Senior Vice President and CFO James L Brill sells 2,692 Shares Mar 03 2011 
On Assignment Inc. (ASGN) Senior Vice President and CFO James L Brill sells 3,000 Shares Mar 01 2011 
On Assignment Inc. (ASGN) Senior Vice President and CFO James L Brill sells 14,308 Shares Feb 28 2011 
On Assignment Inc. (ASGN) President & CEO Peter T Dameris sells 26,513 Shares Feb 25 2011 
On Assignment Inc. (ASGN) President & CEO Peter T Dameris sells 21,818 Shares Feb 23 2011 
On Assignment Inc. Reports Operating Results (10-Q) Nov 08 2010 
On Assignment Inc. Reports Operating Results (10-Q) May 10 2010 

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