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Hudson Global

Nasdaq:HSON
Snowflake Description

Excellent balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HSON
Nasdaq
$20M
Market Cap
  1. Home
  2. US
  3. Commercial Services
Company description

Hudson Global, Inc. provides talent solutions for small to large-sized corporations and government agencies under the Hudson RPO brand worldwide. The last earnings update was 150 days ago. More info.


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HSON Share Price and Events
7 Day Returns
4.7%
NasdaqGS:HSON
11%
US Professional Services
9.9%
US Market
1 Year Returns
-55.3%
NasdaqGS:HSON
-7.5%
US Professional Services
-11.9%
US Market
HSON Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hudson Global (HSON) 4.7% -32% -42% -55.3% -45% -74.3%
US Professional Services 11% -17.2% -18.8% -7.5% 14.3% 27.3%
US Market 9.9% -15% -21.5% -11.9% 5.1% 18.1%
1 Year Return vs Industry and Market
  • HSON underperformed the Professional Services industry which returned -7.5% over the past year.
  • HSON underperformed the Market in United States of America which returned -11.9% over the past year.
Price Volatility
HSON
Industry
5yr Volatility vs Market

Value

 Is Hudson Global undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Hudson Global to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Hudson Global.

NasdaqGS:HSON Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:HSON
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 5.4%
Professional Services Unlevered Beta Simply Wall St/ S&P Global 0.79
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.787 (1 + (1- 21%) (2.21%))
0.867
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.87
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (0.867 * 5.44%)
6.45%

Discounted Cash Flow Calculation for NasdaqGS:HSON using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Hudson Global is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

NasdaqGS:HSON DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.45%)
2020 1.81 Analyst x1 1.70
2021 4.10 Analyst x1 3.62
2022 6.17 Est @ 50.57% 5.11
2023 8.38 Est @ 35.92% 6.53
2024 10.54 Est @ 25.67% 7.71
2025 12.49 Est @ 18.49% 8.58
2026 14.17 Est @ 13.46% 9.14
2027 15.58 Est @ 9.95% 9.44
2028 16.74 Est @ 7.48% 9.53
2029 17.71 Est @ 5.76% 9.47
Present value of next 10 years cash flows $70.00
NasdaqGS:HSON DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $17.71 × (1 + 1.74%) ÷ (6.45% – 1.74%)
$382.09
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $382.09 ÷ (1 + 6.45%)10
$204.42
NasdaqGS:HSON Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $70.00 + $204.42
$274.42
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $274.42 / 2.94
$93.36
NasdaqGS:HSON Discount to Share Price
Calculation Result
Value per share (USD) From above. $93.36
Current discount Discount to share price of $6.93
= -1 x ($6.93 - $93.36) / $93.36
92.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Hudson Global is available for.
Intrinsic value
>50%
Share price is $6.93 vs Future cash flow value of $93.36
Current Discount Checks
For Hudson Global to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Hudson Global's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Hudson Global's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Hudson Global's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hudson Global's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:HSON PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $-0.79
NasdaqGS:HSON Share Price ** NasdaqGS (2020-03-27) in USD $6.93
United States of America Professional Services Industry PE Ratio Median Figure of 36 Publicly-Listed Professional Services Companies 12.33x
United States of America Market PE Ratio Median Figure of 2,945 Publicly-Listed Companies 12.96x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Hudson Global.

NasdaqGS:HSON PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:HSON Share Price ÷ EPS (both in USD)

= 6.93 ÷ -0.79

-8.78x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hudson Global is loss making, we can't compare its value to the US Professional Services industry average.
  • Hudson Global is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Hudson Global's expected growth come at a high price?
Raw Data
NasdaqGS:HSON PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -8.78x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
117%per year
United States of America Professional Services Industry PEG Ratio Median Figure of 29 Publicly-Listed Professional Services Companies 1.43x
United States of America Market PEG Ratio Median Figure of 2,007 Publicly-Listed Companies 0.99x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Hudson Global, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Hudson Global's assets?
Raw Data
NasdaqGS:HSON PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $11.55
NasdaqGS:HSON Share Price * NasdaqGS (2020-03-27) in USD $6.93
United States of America Professional Services Industry PB Ratio Median Figure of 57 Publicly-Listed Professional Services Companies 1.68x
United States of America Market PB Ratio Median Figure of 5,156 Publicly-Listed Companies 1.26x
NasdaqGS:HSON PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:HSON Share Price ÷ Book Value per Share (both in USD)

= 6.93 ÷ 11.55

0.6x

* Primary Listing of Hudson Global.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hudson Global is good value based on assets compared to the US Professional Services industry average.
X
Value checks
We assess Hudson Global's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Professional Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Professional Services industry average (and greater than 0)? (1 check)
  5. Hudson Global has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Hudson Global expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
117%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hudson Global expected to grow at an attractive rate?
  • Hudson Global's earnings growth is expected to exceed the low risk savings rate of 1.7%.
Growth vs Market Checks
  • Hudson Global's earnings growth is expected to exceed the United States of America market average.
  • Hudson Global's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:HSON Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:HSON Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 117%
NasdaqGS:HSON Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 19.5%
United States of America Professional Services Industry Earnings Growth Rate Market Cap Weighted Average 23.3%
United States of America Professional Services Industry Revenue Growth Rate Market Cap Weighted Average 5.7%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 12.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:HSON Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:HSON Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 134 4 4 1
2020-12-31 118 2 2 1
2020-03-30
2019-12-31 96 -5 -2 1
NasdaqGS:HSON Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 85 -5 -3
2019-06-30 76 -5 -4
2019-03-31 67 -7 -4
2018-12-31 67 -16 -5
2018-09-30 66 -12 -6
2018-06-30 64 -11 -6
2018-03-31 62 -4 -5
2017-12-31 60 2 -3
2017-09-30 145 2 -2
2017-06-30 237 -4 -3
2017-03-31 336 -13 -6
2016-12-31 423 -9 -9

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Hudson Global's earnings are expected to grow significantly at over 20% yearly.
  • Hudson Global's revenue is expected to grow by 19.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:HSON Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Hudson Global Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:HSON Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.30 1.30 1.30 1.00
2020-12-31 0.57 0.57 0.57 1.00
2020-03-30
2019-12-31 -0.58 -0.58 -0.58 1.00
NasdaqGS:HSON Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 -0.79
2019-06-30 -1.13
2019-03-31 -1.25
2018-12-31 -1.60
2018-09-30 -1.91
2018-06-30 -1.83
2018-03-31 -1.64
2017-12-31 -0.89
2017-09-30 -0.57
2017-06-30 -0.99
2017-03-31 -1.79
2016-12-31 -2.69

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Hudson Global is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Hudson Global's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Hudson Global has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Hudson Global performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Hudson Global's growth in the last year to its industry (Professional Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Hudson Global does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Hudson Global's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Hudson Global's 1-year growth to the US Professional Services industry average as it is not currently profitable.
Earnings and Revenue History
Hudson Global's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Hudson Global Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:HSON Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 84.94 -2.52 42.37
2019-06-30 76.30 -3.69 43.12
2019-03-31 66.90 -4.14 43.23
2018-12-31 66.93 -5.27 44.68
2018-09-30 65.60 -6.23 47.59
2018-06-30 64.37 -5.88 47.06
2018-03-31 61.84 -5.26 46.10
2017-12-31 59.62 -2.84 43.62
2017-09-30 144.69 -1.80 74.55
2017-06-30 236.92 -3.23 106.80
2017-03-31 335.51 -5.84 144.02
2016-12-31 422.74 -8.93 177.33
2016-09-30 428.54 -11.31 178.65
2016-06-30 430.43 -11.43 180.87
2016-03-31 440.11 4.69 186.11
2015-12-31 463.20 1.61 194.63
2015-09-30 493.77 0.55 206.93
2015-06-30 533.02 -1.99 219.90
2015-03-31 561.34 -18.33 226.57
2014-12-31 581.19 -15.79 230.32
2014-09-30 584.51 -22.57 229.52
2014-06-30 574.52 -23.59 225.59
2014-03-31 541.06 -26.08 218.21
2013-12-31 562.57 -30.21 223.88
2013-09-30 606.85 -20.23 232.25
2013-06-30 655.44 -16.81 243.71
2013-03-31 742.67 -10.36 264.41

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Hudson Global has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Hudson Global has efficiently used its assets last year compared to the US Professional Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Hudson Global improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Hudson Global's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Professional Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Hudson Global has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Hudson Global's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Hudson Global's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hudson Global is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Hudson Global's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Hudson Global's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 8.1648459804376E+17x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Hudson Global Company Filings, last reported 6 months ago.

NasdaqGS:HSON Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 33.96 0.00 28.38
2019-06-30 34.00 0.00 28.54
2019-03-31 34.82 0.00 30.27
2018-12-31 40.49 0.00 40.56
2018-09-30 41.31 0.00 38.44
2018-06-30 41.89 0.00 38.64
2018-03-31 43.98 0.00 42.86
2017-12-31 43.15 0.00 5.58
2017-09-30 44.78 8.21 16.84
2017-06-30 44.61 6.76 14.86
2017-03-31 41.84 11.31 14.77
2016-12-31 41.89 7.77 21.32
2016-09-30 44.70 8.10 17.40
2016-06-30 48.76 7.16 24.94
2016-03-31 56.04 5.77 31.93
2015-12-31 61.18 2.37 37.66
2015-09-30 64.07 0.03 36.36
2015-06-30 68.62 1.34 34.84
2015-03-31 50.45 0.00 13.89
2014-12-31 59.26 0.00 33.99
2014-09-30 58.29 8.22 18.75
2014-06-30 68.61 2.18 17.85
2014-03-31 71.24 0.55 22.11
2013-12-31 74.39 0.48 37.38
2013-09-30 85.85 0.00 33.24
2013-06-30 88.21 0.66 28.31
2013-03-31 96.87 0.00 32.51
  • Hudson Global's level of debt (0%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (13.9% vs 0% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Hudson Global has sufficient cash runway for more than 3 years based on current free cash flow.
  • Unable to confirm if Hudson Global has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess Hudson Global's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Hudson Global has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Hudson Global's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Hudson Global dividends.
If you bought $2,000 of Hudson Global shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Hudson Global's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Hudson Global's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:HSON Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
United States of America Professional Services Industry Average Dividend Yield Market Cap Weighted Average of 20 Stocks 1.3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1946 Stocks 3%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 2%
United States of America Top 25% Dividend Yield 75th Percentile 5.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:HSON Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2020-03-30
2019-12-31
NasdaqGS:HSON Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-05-15 0.000 0.000
2018-03-01 0.000 0.000
2017-11-02 0.000 0.000
2017-08-03 0.000 0.000
2017-05-04 0.000 0.000
2017-03-03 0.000 0.000
2017-03-02 0.000 0.000
2016-09-06 0.000 0.000
2016-07-28 2.000 10.923
2016-04-28 2.000 9.083
2015-12-21 2.000 7.588

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Hudson Global has not reported any payouts.
  • Unable to verify if Hudson Global's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Hudson Global's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Hudson Global has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Hudson Global's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Hudson Global afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hudson Global has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Hudson Global's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jeff Eberwein
COMPENSATION $872,902
AGE 49
TENURE AS CEO 1.9 years
CEO Bio

Mr. Jeffrey E. Eberwein, also known as Jeff, has been Board Observer at Reliability Incorporated since October 29, 2019. He has been the Chief Executive Officer of Hudson Global, Inc since April 1, 2018. Mr. Eberwein founded Lone Star Value Management LLC in January 2013 and serves as its Chief Executive Officer since April 2019. He serves as Treasurer of the Board of Hope for New York. He was Executive Chairman and Chief Executive Officer at Novation Companies, Inc since April 2015 until March 27, 2018. He served as the Chief Executive Officer, President, Chief Financial Officer, Secretary and Treasurer of AMERI Holdings, Inc. from November 27, 2013 to April 25, 2014. Mr. Eberwein served as Portfolio Manager of Viking Global Investors L.P. from March 2005 to September 2008 and Soros Fund Management from January 2009 to December 2011. He has Wall Street experience including 16 years in investment management and 4 years in investment banking. He has extensive experience analyzing and investing in many different industries and is a Private Investor. Mr. Eberwein served as the Chairman, Chief Executive Officer, President, Chief Financial Officer, Secretary and Treasurer of Reliability Inc. from October 1, 2013 to April 25, 2014. He served as Chief Executive Officer, President, Chief Financial Officer, Treasurer and Secretary at Spatializer Audio Laboratories Inc. from November 27, 2013 to April 25, 2014 and served as its Chairman of the Board since November 27, 2013. He served as a Portfolio Manager of Soros Fund Management LLC from January 2009 to December 2011. Jeff served as a Portfolio Manager of Cumberland Associates. He was Non-Executive Chairman of AMERI Holdings, Inc. from May 2015 to August 16, 2018. Mr. Eberwein has been the Chairman of Digirad Corporation since February 6, 2013, ATRM Holdings, Inc. and Aetrium Inc since November 15, 2013. He served as Chairman of Hudson Global, Inc since June 15, 2015 until April 1, 2018. He served as the Chairman of Crossroads Systems, Inc. since June 2013 until May 25, 2016 and served as its Director since April 29, 2013 until May 25, 2016. He has been a Director of Aetrium Inc., since January 31, 2013; Hudson Global, Inc since May 29, 2014; and ATRM Holdings, Inc. since January 31, 2013. He served as an Independent Director of Novation Companies, Inc. from April 2015 to March 31, 2018. He has been an Independent Director of Digirad Corporation since April 22, 2012. He served as an Independent Director of NTS, Inc. from December 20, 2012 to June 6, 2014. He served on the Board of Hope for New York from 2011 to 2014. He served as an External Director of On Track Innovations Ltd. from December 30, 2012 to March 2014. He served as a Director of Goldfield Corporation from 2012 to May 30, 2013. Mr. Eberwein Holds an M.B.A. from The Wharton School, University of Pennsylvania and a B.B.A. with High Honors from The University of Texas at Austin.

CEO Compensation
  • Jeff's compensation has increased whilst company is loss making.
  • Jeff's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure of the Hudson Global management team in years:

2.2
Average Tenure
  • The tenure for the Hudson Global management team is about average.
Management Team

Jeff Eberwein

TITLE
CEO & Director
COMPENSATION
$873K
AGE
49
TENURE
1.9 yrs

Matthew Diamond

TITLE
Chief Financial Officer
AGE
43
TENURE
0.8 yrs

Philip Skalski

TITLE
Corporate Counsel & Corporate Secretary

Darren Lancaster

TITLE
Chief Executive Officer of EMEA
TENURE
2.2 yrs

Jo Chapman

TITLE
Head of Marketing - UK & Ireland

Lori Hock

TITLE
Chief Executive Officer of Americas
TENURE
7.2 yrs

Kimberley Hubble

TITLE
Chief Executive Officer of APAC
TENURE
2.2 yrs
Board of Directors Tenure

Average tenure and age of the Hudson Global board of directors in years:

1.9
Average Tenure
63
Average Age
  • The average tenure for the Hudson Global board of directors is less than 3 years, this suggests a new board.
Board of Directors

Rick Coleman

TITLE
Independent Chairman of the Board
COMPENSATION
$156K
AGE
63
TENURE
1.9 yrs

Jeff Eberwein

TITLE
CEO & Director
COMPENSATION
$873K
AGE
49
TENURE
5.8 yrs

Ian Nash

TITLE
Independent Director
COMPENSATION
$245K
AGE
63
TENURE
4.4 yrs

Mimi Drake

TITLE
Independent Director
AGE
50
TENURE
1 yrs

Connia Nelson

TITLE
Independent Director
AGE
63
TENURE
1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Hudson Global's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Hudson Global has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

An Examination Of Hudson Global, Inc. (NASDAQ:HSON)

For those interested in understanding where the figures come from and want to see the analysis, take a look at the report on Hudson Global here. … Flawless balance sheet with high growth potential Investors in search for stocks with room to flourish should look no further than HSON, with its earnings expected to more than double over the next year. … NasdaqGS:HSON Past and Future Earnings, August 27th 2019 Next Steps: For Hudson Global, I've compiled three key factors you should further research: Historical Performance: What has HSON's returns been like over the past?

Simply Wall St -

Did Changing Sentiment Drive Hudson Global's (NASDAQ:HSON) Share Price Down A Painful 71%?

Over half a decade Hudson Global reduced its trailing twelve month revenue by 26% for each year. … So it's not that strange that the share price dropped 22% per year in that period. … A Different Perspective Investors in Hudson Global had a tough year, with a total loss of 34%, against a market gain of about 6.1%.

Simply Wall St -

What Kind Of Shareholder Appears On The Hudson Global, Inc's (NASDAQ:HSON) Shareholder Register?

As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.' With a market capitalization of US$38m, Hudson Global is a small cap stock, so it might not be well known by many institutional investors. … Our analysis of the ownership of the company, below, shows that institutional investors have bought into the company. … See our latest analysis for Hudson Global NasdaqGS:HSON Ownership Summary, May 30th 2019 What Does The Institutional Ownership Tell Us About Hudson Global?

Simply Wall St -

Did Changing Sentiment Drive Hudson Global's Share Price Down A Worrying 59%?

Hudson Global, Inc (NASDAQ:HSON) shareholders should be happy to see the share price up 11% in the last quarter. … Because Hudson Global is loss-making, we think the market is probably more focussed on revenue and revenue growth, at least for now. … Over half a decade Hudson Global reduced its trailing twelve month revenue by 11% for each year.

Simply Wall St -

What Investors Should Know About Hudson Global, Inc's (NASDAQ:HSON) Financial Strength

However, it also faces higher cost of capital given interest cost is generally lower than equity. … Is HSON right in choosing financial flexibility over lower cost of capital … Debt funding can be cheaper than issuing new equity due to lower interest cost on debt.

Simply Wall St -

Do Insiders Own Lots Of Shares In Hudson Global Inc (NASDAQ:HSON)?

If you want to know who really controls Hudson Global Inc (NASDAQ:HSON), then you'll have to look at the makeup of its share registry. … Hudson Global is a smaller company with a market capitalization of US$47m, so it may still be flying under the radar of many institutional investors. … Taking a look at the our data on the ownership groups (below), it's seems that.

Simply Wall St -

Who Are Hudson Global Inc's (NASDAQ:HSON) Major Shareholders?

In this article, I will take a quick look at Hudson Global Inc’s (NASDAQ:HSON) recent ownership structure – an unconventional investing subject, but an important one. … A company's ownership structure is often linked to its share performance in both the long- and short-term. … The effect of an active institutional investor with a similar ownership as a passive pension-fund can be vastly different on a company's corporate governance and accountability to shareholders.

Simply Wall St -

Did Hudson Global Inc's (NASDAQ:HSON) Earnings Growth Outperform The Industry?

After reading Hudson Global Inc's (NASDAQ:HSON) most recent earnings announcement (31 December 2017), I found it useful to look back at how the company has performed in the past and compare this against the latest numbers. … View our latest analysis for Hudson Global Were HSON's earnings stronger than its past performances and the industry? … For Hudson Global, its latest earnings (trailing twelve month) is -US$2.92M, which, relative to the prior year's figure, has become less negative.

Simply Wall St -

What Investors Should Know About Hudson Global Inc's (NASDAQ:HSON) Financial Strength

Over the past year, HSON has ramped up its debt from US$2.66M to US$7.98M. … With this growth in debt, HSON currently has US$21.32M remaining in cash and short-term investments , ready to deploy into the business. … HSON's risk around capital structure is low, and the company has the headroom and ability to raise debt should it need to in the future.Next Steps: Although HSON’s debt level is relatively low, its cash flow levels still could not copiously cover its borrowings.

Simply Wall St -

Hudson Global Inc's (HSON) EPS Grew 90.4% In A Year. Was It Better Than Long-Term Trend?

When Hudson Global Inc's (NASDAQ:HSON) announced its latest earnings (30 September 2017), I wanted to understand how these figures stacked up against its past performance. … The two benchmarks I used were Hudson Global's average earnings over the past couple of years, and its industry performance. … For Hudson Global, the most recent earnings -$1.0M, which, against the prior year's level, has become less negative.

Simply Wall St -

Company Info

Description

Hudson Global, Inc. provides talent solutions for small to large-sized corporations and government agencies under the Hudson RPO brand worldwide. It offers recruitment process outsourcing (RPO) recruitment services, such as complete recruitment outsourcing, project-based outsourcing, and recruitment consulting for clients' permanent staff hires; and RPO contracting services, including outsourced professional contract staffing and managed services. The company was formerly known as Hudson Highland Group, Inc. and changed its name to Hudson Global, Inc. in April 2012. Hudson Global, Inc. was founded in 2003 and is headquartered in Old Greenwich, Connecticut.

Details
Name: Hudson Global, Inc.
HSON
Exchange: NasdaqGS
Founded: 2003
$20,370,430
2,939,456
Website: http://am.hudsonrpo.com
Address: Hudson Global, Inc.
53 Forest Avenue,
1st Floor,
Old Greenwich,
Connecticut, 06870,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS HSON Common Stock Nasdaq Global Select US USD 17. Mar 2003
DB HDH1 Common Stock Deutsche Boerse AG DE EUR 17. Mar 2003
Number of employees
Current staff
Staff numbers
350
Hudson Global employees.
Industry
Human Resource and Employment Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/30 01:43
End of day share price update: 2020/03/27 00:00
Last estimates confirmation: 2020/02/28
Last earnings filing: 2019/11/01
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.