ASGN - ASGN Incorporated
Price:
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CONSENSUS:
Hold
DETAILS
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PRICE TARGET:
$34.75
DETAILS
HIGH:
$38.00
LOW:
$33.00
MEDIAN:
$34.00
CONSENSUS:
$34.75
UPSIDE:
65.79%
AlphaVal
Deterministic, archetype-aware fair value
Platform & Compounding FCF
50% confidence
Primary model: Two-stage FCF DCF
Adjust Assumptions
4.0%
11.0%
3.0%
Key Value Driver
FCF growth rate (4% base case)
Terminal Value % of EV
34%
Implied Market Multiple
6.6x
Market is pricing in (growth)
-6.7%
vs our 4.0% base
Plain-Language Summary
Using a two-stage FCF DCF with 4% growth decelerating over 15 years, discounted at 11%, the base-case intrinsic value is $72.15 per share.
Analyst Consensus (External Reference)
Never blended into the bear/base/bull estimates above -- shown only as an outside comparison.
Average Target (13 analysts)
$34.75
Analyst Range
$33.00 – $38.00
Divergence from AlphaVal
108%
Warnings
Stock-based employee pay equals 42% of profits. This dilutes existing shareholders, so cash flow alone overstates what owners really earn.
Wall Street's average price target is $34.75 (from 13 analysts). Our estimate is 108% above the consensus -- consider that gap carefully.
Key Risks
- P/E alone misleads — earnings depressed by growth investment
- Cyclical or commodity businesses may be misclassified as platforms
- Terminal value dominance suggests sensitivity to long-run assumptions