Is On Assignment (ASGN) stock a good buy?

This is a step-by-step stock review to answer the question, is On Assignment (ASGN) stock a good buy?

This article will teach you how to use the 4Ms of investing. This will be a detailed walkthrough to show you how the 4Ms work and why they are important. If you are interested, you can log into Tykr to use the 4M Confidence Booster (Powered by OpenAI) which will allow you to complete a 4M Analysis in less than 60 seconds.

What are the 4Ms?

• MOS (Margin of Safety) – The MOS is the math part of investing which includes the Summary, Score, and MOS (Margin of Safety).
• Meaning – The meaning is the business model and how scalable the revenue streams are.
• Moat – The moat is how the business compares to other companies in the same Sector and Industry.
• Management – The management is the track record of the CEO.

What 4M score are we going for?

• 80-100 = High confidence – Yay! You should have high confidence buying this stock. It passes all 4M!
• 60-79 = Moderate confidence – Alert! There may be better stocks in the market. Only buy this stock if you truly believe the company will improve!
• 0-59 = Low confidence – Warning! There are better stocks in the market. Due to the low score, you should consider looking at other stocks.

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Table of Contents

The following links will direct you to key topics to help answer the question, is On Assignment (ASGN) stock a good buy?

1. On Assignment Company History
2. MOS
3. Meaning
4. MoatManagement
5. 4M Score
6. Is On Assignment (ASGN)  stock a good buy?

1.  On Assignment Company History

When investing in stocks, it’s important to know the company’s history. This helps us understand the various revenue streams, if they acquired other companies, how they grew through difficult times, and how they separated themselves from the competition.

• Founded in 1985: On Assignment was established in Calabasas, California.
• Initial Focus: Started as a staffing agency specializing in healthcare and laboratory professionals.
• Expansion: Grew rapidly by expanding into other professional staffing markets, including IT, engineering, and life sciences.
• Public Offering: Went public in 1992, listed on the NASDAQ under the ticker symbol ASGN.
• Strategic Acquisitions: Acquired several companies to diversify and strengthen its service offerings, including Apex Systems in 2012, a leading IT staffing and services firm.
• Rebranding: Rebranded to ASGN Incorporated in 2018 to reflect its broader range of services and markets.
• Key Services: Provides temporary, contract-to-hire, and permanent staffing solutions across various industries.
• Global Presence: Established a significant presence in the United States, Canada, and Europe, serving clients worldwide.
• Industry Recognition: Recognized as a leader in the staffing industry, consistently ranked among the top staffing firms.
• Client Base: Serves a wide range of clients, from small businesses to Fortune 500 companies.
• Innovation: Focuses on using technology and data analytics to improve staffing solutions and meet client needs.
• Commitment: Dedicated to matching top talent with the right opportunities, ensuring success for both clients and candidates.
• Future Vision: Aims to continue growing and evolving, providing innovative staffing solutions to meet the changing demands of the job market.

2. MOS (Margin of Safety)

When investing in a company, the first step is to look at the financials. Fortunately, Tykr does this for us automatically. The higher the score, the stronger the financials and the safer the investment. The higher the MOS, the higher the potential returns you can make.

• Summary: watch
• Score: 56/100
• MOS: 1%

To see the most up-to-date Summary, Score, and MOS, please log into Tykr.

3. Meaning

When investing in a company, it’s important to know how a company makes money. A mature business model has multiple streams of revenue which allow the company to weather downturns in the economy.

Here is how On Assignment (ASGN) makes money:

• Temporary Staffing: Earns money by placing temporary employees at client companies and charging hourly rates.
• Permanent Placement: Receives fees for recruiting and placing permanent employees in various industries.
• Contract Staffing: Provides professionals on a contract basis, charging clients for the duration of the contract.
• Consulting Services: Offers specialized consulting services and charges fees based on project scope and duration.
• Managed Services: Provides managed services solutions, overseeing entire projects or departments for clients and earning management fees.
• Recruitment Process Outsourcing (RPO): Manages the recruitment process for companies, charging for comprehensive hiring solutions.
• Training and Development: Offers training programs for professionals and charges fees for these services.
• Industry Specialization: Focuses on high-demand sectors like IT, healthcare, and engineering, charging premium rates for specialized expertise.
• Vendor Management Systems (VMS): Provides VMS solutions to manage a client’s contingent workforce, earning fees for these services.

On Assignment uses these various streams to maximize their earnings and provide diverse services to moviegoers.

Here are a few of the other companies that On Assignment has acquired over the years.

• Apex Systems
• ECS Federal
• Oxford Global Resources

4. Moat

When investing in a company, it’s important to understand how a company ranks against other companies in the same sector and industry. Based on the Score, here is how On Assignment (ASGN) stacks up against other companies.

1. CGI Inc.(GIB) – 78
2. Globant S.A.(GLOB) – 78
3. Paymentus Holdings, Inc.(PAY) – 72
4. Broadridge Financial Solutions, Inc.(BR) – 72
5. N-able, Inc.(NABL) – 67
6. ASGN Incorporated.(ASGN) – 56

To see the most up-to-date Summary, Score, and MOS and each stock, please log into Tykr.

5. Management

When investing in a company, it’s important to understand who the CEO is, what they have accomplished in the past, and how they have helped this company grow. Good leaders typically have stronger cultures, less turnover, and better returns in the stock market.

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To truly know if On Assignment is a good stock to buy or sell, we recommend you log into Tykr. Within seconds you can see the Summary, Score, MOS, and 4M Score.

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