First Rate Staffing Corporation provides recruiting and staffing services for temporary positions in light industrial, distribution center, assembly, and clerical businesses in California, Arizona, and Nevada.
The last earnings update was 1162 days ago.
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
In this section, we usually try to help investors determine whether First Rate Staffing is trading at an attractive price based on the cash flow it is expected to produce in the future. But as First Rate Staffing has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.
This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis. You can see them here.
Show me the analysis anyway
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
It is not possible to calculate the future cash flow value for
First Rate Staffing. This is due to cash flow or dividend data being
unavailable. The share price is
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
First Rate Staffing's
is considered below, and whether this is a fair price.
Price based on past earnings
First Rate Staffing's earnings available for a low price, and how does
this compare to other companies in the same industry?
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as First Rate Staffing has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.
Show me the analysis anyway
The future performance of a company is measured in the same way as past
performance, by looking at estimated
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
Expected Professional Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
First Rate Staffing
expected to grow at an
Unable to compare First Rate Staffing's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
Unable to compare First Rate Staffing's earnings growth to the United States of America market average as no estimate data is available.
Unable to compare First Rate Staffing's revenue growth to the United States of America market average as no estimate data is available.
Unable to determine if First Rate Staffing is high growth as no earnings estimate data is available.
Unable to determine if First Rate Staffing is high growth as no revenue estimate data is available.
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.
While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access First Rate Staffing's filings and announcements here.
All data from First Rate Staffing Company Filings, last reported 3 years ago, and in
Trailing twelve months (TTM)
annual period rather than quarterly.
OTCPK:FRSI Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions)
Net Income *
*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
Unable to establish if First Rate Staffing has efficiently used shareholders’ funds last year as no Return on Equity data is available.
Unable to establish if First Rate Staffing has efficiently used its assets last year compared to the US Professional Services industry average (Return on Assets) as past financial data has not been reported.
Unable to establish if First Rate Staffing improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
First Rate Staffing's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
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.
First Rate Staffing
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.
In this section we usually analyse First Rate Staffing's finance health to determine how well-positioned it is against times of financial distress, in particular, its ability to manage its cash and debt levels. First Rate Staffing has not provided adequate balance sheet data, its financial health cannot be properly assessed as it.
This is quite a rare situation as 97% of companies covered by Simply Wall St do have financial information. You can see them here.
Show me the analysis anyway
A company's financial position is much like your own financial position,
it includes everything you own
The boxes below represent the relative size of what makes up
First Rate Staffing's finances.
The net worth of a company is the difference between its assets and liabilities.
Unable to compare short term assets to short term liabilities as First Rate Staffing has not reported sufficient balance sheet data.
Unable to establish if First Rate Staffing's long term commitments exceed its cash and other short term assets as First Rate Staffing has not reported sufficient balance sheet data.
This treemap shows a more detailed breakdown of
First Rate Staffing'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
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Unable to establish if First Rate Staffing has a high level of physical assets or inventory without balance sheet data.
First Rate Staffing has no debt, it does not need to be covered by short term assets.
Nearly all companies have debt. Debt in itself isn’t
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.
All data from First Rate Staffing Company Filings, last reported 3 years ago.
OTCPK:FRSI Past Debt and Equity Data
Date (Data in USD Millions)
Cash & Short Term Investments
First Rate Staffing has no debt.
First Rate Staffing currently has no debt however we can't compare to 5 years ago as we have no data for that period.
First Rate Staffing has no debt, it does not need to be covered by operating cash flow.
First Rate Staffing has no debt, therefore coverage of interest payments is not a concern.
Investors tend to look at the financial health of a company this size in order to assess the sustainability of its current operations. While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website.
Financial health is measured at one point in time, so the latest financial report is the best representation of the company’s current financial status. Check when First Rate Staffing's financial data was last updated here.
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.
TENURE AS CEO
Mr. Cliff Blake serves as the Chief Executive Officer and President of Lumea Staffing, Inc. Mr. Blake serves as the Chief Executive Officer, President, Chief Financial Officer, Treasurer and Secretary of First Rate Staffing Corporation. He has over 22 years of experience in business and management, including in starting, building and operating numerous businesses, including over 12 years in owning and operating staffing businesses. He serves as a Director of First Rate Staffing Corporation since 2012. Mr. Blake received a Bachelor of Science degree from Louisiana Tech University in 1974 and a Master of Business Administration degree in Finance from Florida State University in 1975.
Insufficient data for Cliff to compare compensation growth.
Insufficient data for Cliff to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
President & COO
Vice President of Risk Management
Vice President of Finance
Board of Directors
Who owns this company?
Recent Insider Trading
No 3 month open market individual insider trading information.
First Rate Staffing Corporation provides recruiting and staffing services for temporary positions in light industrial, distribution center, assembly, and clerical businesses in California, Arizona, and Nevada. The company also offers payroll services, state and federal taxation services, worker’s compensation services, and work force screening and managing services. In addition, it conducts reference checks of employees; and offers risk management services. The company was formerly known as Moosewood Acquisition Corporation and changed its name to First Rate Staffing Corporation in May 2012. First Rate Staffing Corporation was incorporated in 2011 and is based in Phoenix, Arizona.
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