HireQuest, Inc. (HQI) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-33.7%

$10.91

vs $16.45 price

Levered DCF

$20.90

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

7.17

Safe zone

Rating

A-

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	23.36×	52.44×	34.11×	17.37×	22.91×	25.55×	-162.61×	18.85×
P/B	2.15×	3.02×	3.36×	3.71×	5.82×	3.81×	2.63×	0.97×
P/S	4.8×	5.66×	5.56×	6.97×	12.08×	10.02×	5.18×	1.48×
EV / EBITDA	14.3×	25.53×	18.75×	14.09×	29.78×	18.6×	9.41×	2.48×
Gross margin	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	202.3%
Operating margin	22.7%	12.6%	28.1%	51.8%	34.0%	36.1%	17.5%	56.1%
Net margin	20.7%	10.6%	16.2%	40.2%	52.6%	38.8%	-1.8%	57.7%
Current ratio	3.15×	2.04×	1.44×	1.41×	1.96×	4.12×	3.36×	1.75×
Debt / equity	0×	0.11×	0.24×	0.28×	0.07×	0×	0×	0.02×
Interest coverage	22.66×	4.73×	7.68×	43.58×	48.73×	100.26×	4.98×	3,266.55×
Dividend yield	2.3%	1.7%	1.6%	1.5%	1.2%	1.0%	0.0%	38.3%
Payout ratio	53.3%	91.5%	54.4%	26.6%	26.5%	25.3%	0.0%	98.6%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	9.3%	5.7%	9.8%	21.4%	25.4%	14.7%	-0.9%	37.7%
Return on invested capital	9.4%	5.4%	10.6%	17.4%	12.9%	11.2%	-1.3%	57.0%
Return on assets	7.2%	3.9%	5.9%	12.1%	15.3%	10.9%	-0.6%	29.2%
Free cash flow yield	8.1%	6.1%	5.0%	7.1%	5.7%	6.6%	5.4%	13.5%
Earnings yield	4.3%	1.9%	2.9%	5.8%	4.4%	3.9%	-0.4%	38.9%
Enterprise value	$143.3M	$200.6M	$224.2M	$229.4M	$274M	$124.7M	$78M	$17.4M
Net debt / EBITDA	-0.39×	0.6×	1.12×	0.83×	0.22×	-2.04×	-0.51×	-0.13×
Cash conversion cycle (days)	481	459	445	549	644	622	727	619