HireQuest, Inc. - $HQI

over 1 year ago

Jaime Bermejo

"HQI: Staffing franchisor grew sales 40% & EBIT 27% CAGR past 3 yrs despite tough '23 comps. Net margin hit at 17% vs 39-52% prior due to one-off $3.7M worker's comp cost; normalized 30-40%+ on asset-light model funding franchisees. Strong cash flows to keep acquiring in down cycle at 17-40% CFROIC. Upside to 11-14x P/E on margin recovery + 20%+ growth."

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