Heidrick & Struggles International Inc

Consumer Discretionary
Diversified Commercial Services
www.heidrick.com

Earnings Score
Moat Score

Market Cap $909.61M
PE 24
Debt $NaN
Cash $363.42M
EV $NaN
FCF $100.61M

Earnings

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Sales & Net Margins

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Earnings	$38.56M
EBIT	$70.03M
ROE	8%
ROA	6%
FCF	$100.61M
Equity	$483.29M
Growth Stability	-371%
PE	23.59
PEG	1.14
PB	1.88
P/FCF	9.04
P/S	0.83
Price/Cash	0.4
Net Margins	3%
Gross Margins	89%
Op. Margins	6%
Earnings CAGR	10%
Sales Growth YoY	6%
Sales Growth QoQ	-0%
Sales CAGR	9%
FCF CAGR	10%
Equity CAGR	7%
Earnings Stability	0.21
Earnings Growth YoY	-1%
Earnings Growth QoQ	-388%

Earnings CAGR 5Y	21%
Sales CAGR 5Y	13%
FCF CAGR 5Y	1%
Equity CAGR 5Y	14%
Earnings CAGR 3Y	-1%
Sales CAGR 3Y	-1%
FCF CAGR 3Y	-19%
Equity CAGR 3Y	14%
Market Cap	$909.61M
Revenue	$1.09B
Dividend Yield	1%
Payout Ratio	33%
Assets	$1.15B
Cash	$363.42M
Shares Outstanding	20.25M
Earnings Score	11%
Moat Score	76%
Working Capital	287.69M
Current Ratio	1.73
Gross Profit	$973.80M
Shares Growth 3y	1%
Equity Growth QoQ	5%
Equity Growth YoY	10%

Assets & ROA

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Stockholders Equity & ROE

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Heidrick & Struggles International Inc is a leadership advisory firm providing executive search and consulting services to businesses and business leaders worldwide. The company's operating segment includes the executive search business which operates in the Americas; Europe; Asia Pacific and On-Demand Talent and Heidrick Consulting. It generates maximum revenue from the Americas.

SEC Filings

Direct access to Heidrick & Struggles International Inc (HSII) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Heidrick & Struggles International Inc compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Heidrick & Struggles International Inc compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 10%

Stability 21%

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Heidrick & Struggles International Inc Discounted Cash Flow

Fully customizable DCF calculator online for Heidrick & Struggles International Inc.

Years

Calculation mode

= $2.1B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$101M	$111M	$123M	$135M	$150M	$165M	$182M	$201M	$222M	$246M	$271M	$2.7B
DCF		$101M	$101M	$102M	$102M	$103M	$103M	$103M	$104M	$104M	$105M	$1B
Value	$2.1B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	1%	3%	3%	-8%	7%	6%	-6%	7%	7%	5%	3%
ROA	-	6%	6%	-5%	10%	8%	-4%	10%	10%	8%	6%
ROE	-	7%	6%	-23%	18%	15%	-14%	22%	19%	12%	8%

Bad Net Margins (2.84%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	0	-	-	-	-	-	-	-	-	-
Debt over Equity	0.12	0	-	-	-	-	-	-	-	-	-
Growth Stability	-	-	-	-371%	-	100%	-238%	100%	100%	100%	-371%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (-)

The company has a balance between equity and debt that is not too good nor too bad.

Bad Graham’s Stability (-371%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	7%	10%	7%	15%	-1%	-13%	60%	7%	-4%	13%
Earnings YoY growth	-	152%	-10%	-416%	-201%	-5%	-180%	-292%	10%	-32%	21%
Equity YoY growth	-	4%	1%	-18%	26%	16%	-13%	26%	22%	13%	14%
FCF YoY growth	-	-23%	-53%	172%	83%	-22%	-79%	2K%	-59%	-137%	1%