ASGN ASGN Inc

NYSE Services-Help Supply Services DE CIK: 0000890564
AI RATING
SELL
85% Confidence

Investment Thesis

Everforth Inc exhibits declining revenue (-2.9% YoY) with critically weak profitability (0.6% net margin, 2.9% operating margin) and minimal shareholder returns (ROE 0.3%, ROA 0.1%). Deteriorating EPS (-32.1% YoY) combined with inadequate free cash flow generation ($9.1M, 0.9% margin) and moderate debt burden create a business that is failing to generate economic value.

Strengths

  • + Adequate short-term liquidity with current ratio of 2.10x and $143.6M cash position
  • + Gross margin of 27.5% demonstrates reasonable pricing power within core service offerings
  • + Moderate leverage at 0.82x debt-to-equity provides some financial flexibility

Risks

  • ! Revenue contraction of 2.9% YoY with accelerating profit deterioration (EPS down 32.1% YoY)
  • ! Critically weak profitability with net margin of only 0.6% and operating margin of 2.9% indicating near-breakeven operations
  • ! Catastrophically poor capital returns with ROE of 0.3% and ROA of 0.1% demonstrating fundamental capital deployment failure
  • ! Insufficient free cash flow generation at $9.1M (0.9% margin) relative to $1.5B long-term debt burden
  • ! Tight interest coverage ratio of 1.6x creates vulnerability to debt servicing given minimal profitability

Key Metrics to Watch

Financial Metrics

Revenue
968.3M
Net Income
5.5M
EPS (Diluted)
$0.13
Free Cash Flow
9.1M
Total Assets
4.0B
Cash
143.6M

Profitability Ratios

Gross Margin 27.5%
Operating Margin 2.9%
Net Margin 0.6%
ROE 0.3%
ROA 0.1%
FCF Margin 0.9%

Balance Sheet & Liquidity

Current Ratio
2.10x
Quick Ratio
2.10x
Debt/Equity
0.82x
Debt/Assets
55.6%
Interest Coverage
1.62x
Long-term Debt
1.5B
Disclaimer: This analysis is generated by AI based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: 2026-05-06T11:13:14.483107 | Data as of: 2026-03-31 | Powered by Claude AI