Added to YB: 2024-01-31
Pitch date: 2024-01-29
HSII [bullish]
Heidrick & Struggles International, Inc.
+102.39%
current return
Author Info
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Company Info
Heidrick & Struggles International, Inc., together with its subsidiaries, provides executive search, consulting, and on-demand talent services to businesses and business leaders worldwide.
Market Cap
$1.2B
Pitch Price
$29.16
Price Target
52.00 (-12%)
Dividend
1.02%
EV/EBITDA
6.04
P/E
33.88
EV/Sales
0.66
Sector
Professional Services
Category
value
Heidrick & Struggles: Growing Strong And Profitable Yet EV/EBITDA Is 3.0
$HSII: Exec search co. expands to adjacent segments, undervalued despite solid growth. Industry rebound, diversification (BTG $33M, Atreus $33.5M+) promising. New CEO, 2.1% div. Q3: search revs -16%, consulting +22%. EV/EBITDA 3.0 vs peers w/ $205M cash. '23 adj EPS $2.90, '24 bullish. Catalysts: temporary downturn, boomer retirements, Heidrick Navigator. Risks: consulting & On Demand losses, Europe exposure. Comps suggest 75% upside to $52 PT.
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