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 1116 days ago.
More info.
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.
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
$0.0799.
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
earnings,
growth
and
assets
is considered below, and whether this is a fair price.
Price based on past earnings
Are
First Rate Staffing's earnings available for a low price, and how does
this compare to other companies in the same industry?
Unable to compare the PB ratio to the industry average as no data exists.
Next steps:
Examine First Rate Staffing's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
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
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!
32.4%
Expected Professional Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is
First Rate Staffing
expected to grow at an
attractive
rate?
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.
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 Financials Data
Date (Data in USD Millions)
EPS *
2016-09-30
-0.16
2016-06-30
-0.11
2016-03-31
-0.07
2015-12-31
-0.09
2015-09-30
0.00
2015-06-30
-0.02
2015-03-31
-0.01
2014-12-31
0.00
2014-09-30
-0.01
2014-06-30
-0.01
2014-03-31
-0.01
2013-12-31
-0.01
*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.
Unable to establish if First Rate Staffing will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Next steps:
Examine First Rate Staffing's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
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.
We assess
First Rate Staffing's future performance by looking at:
Is the annual earnings growth rate expected to beat the low risk savings rate, plus a
premium to keep pace with inflation?
Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
Is the annual earnings growth rate expected to be above 20%? (1 check)
Is the annual revenue growth rate expected to be above 20%? (1 check)
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.
First Rate Staffing
has a total score of
0/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
First Rate Staffing's last earnings update was 1116 days ago.
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
First Rate Staffing'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.
Insufficient past earnings data to establish if First Rate Staffing's year on year earnings growth rate was positive over the past 5 years.
Unable to compare First Rate Staffing's 1-year growth to the 5-year average as past earnings data has not been reported.
Unable to compare First Rate Staffing's 1-year growth to the US Professional Services industry average as past earnings data has not been reported.
Earnings and Revenue History
First Rate Staffing'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.
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)
Revenue
Net Income *
G+A Expenses
R&D Expenses
2016-09-30
32.02
-1.18
2.90
2016-06-30
33.32
-0.84
2.88
2016-03-31
34.93
-0.49
2.91
2015-12-31
32.87
-0.64
2.63
2015-09-30
27.96
-0.01
2.38
2015-06-30
23.80
-0.14
2.07
2015-03-31
20.01
-0.09
1.83
2014-12-31
18.00
0.01
1.60
2014-09-30
14.32
-0.04
1.34
2014-06-30
12.07
-0.06
1.16
2014-03-31
10.16
-0.06
0.94
2013-12-31
9.18
-0.04
0.90
2013-09-30
8.58
-0.01
0.77
2013-06-30
7.80
0.00
0.81
2013-03-31
7.36
-0.11
0.76
2012-12-31
6.94
-0.12
0.69
*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.
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.
We assess
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
Professional Services
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
(assets)
and owe
(liabilities).
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.
Net Worth
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.
Balance sheet
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
checks below.
Assets
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.
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.
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)
Total Equity
Total Debt
Cash & Short Term Investments
2016-09-30
-0.18
0.19
0.09
2016-06-30
-0.04
0.21
0.18
2016-03-31
0.33
0.24
0.53
2015-12-31
0.32
0.27
0.57
2015-09-30
1.00
0.31
0.57
2015-06-30
0.80
0.29
0.51
2015-03-31
0.82
0.49
0.62
2014-12-31
0.96
0.48
0.79
2014-09-30
1.01
0.50
0.34
2014-06-30
0.93
0.54
0.23
2014-03-31
0.92
0.57
0.15
2013-12-31
-0.05
0.16
0.05
2013-09-30
0.02
0.18
0.05
2013-06-30
-0.04
0.20
0.07
2013-03-31
-0.05
0.23
0.11
2012-12-31
-0.04
0.26
0.19
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.
Next steps:
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.
Companies with strong financial health are considered a less risky investment. Discover these stocks here.
We assess
First Rate Staffing's financial health by checking for:
Are short term assets greater than short term liabilities? (1 check)
Are short term assets greater than long term liabilities? (1 check)
Has the debt to equity ratio increased in the past 5 years? (1 check)
Is the debt to equity ratio over 40%? (1 check)
Is the debt covered by operating cash flow? (1 check)
Are earnings greater than 5x the interest on debt (if company pays interest
at all)? (1 check)
First Rate Staffing
has a total score of
4/6, 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:
Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
0%
Current annual income from
First Rate Staffing
dividends.
If you bought
$2,000 of
First Rate Staffing
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 First Rate Staffing's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
Unable to evaluate First Rate Staffing'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.
We assess
First Rate Staffing's dividend by checking for:
Firstly is the company paying a notable dividend (greater than 0.8%) - if
not then the rest of the checks are ignored.
Is current dividend yield above the bottom 25% of dividend payers? (1 check)
Is current dividend yield above the top 25% of dividend payers? (1 check)
Have they paid a dividend for 10 years, and during this period has the
dividend been volatile (drop of more than 25%)? (1 check)
If they have paid a dividend for 10 years has it increased in this time? (1
check)
How sustainable is the dividend, can
First Rate Staffing
afford to pay it from its earnings today and in 3 years (Payout ratio less than
90%)? (2 checks)
First Rate Staffing
has a total score of
0/6, see the detailed checks below.
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
CliffBlake
COMPENSATION
$0
AGE
64
TENURE AS CEO
7.9 years
CEO Bio
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.
CEO Compensation
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.
Management Team
Cliff Blake
TITLE
CEO, President
AGE
64
TENURE
7.9 yrs
Devon Galpin
TITLE
President & COO
COMPENSATION
$45K
AGE
40
Mike Mautz
TITLE
Vice President of Risk Management
COMPENSATION
$45K
AGE
52
Joy Mautz
TITLE
Vice President of Finance
COMPENSATION
$45K
AGE
43
Julie Galpin
TITLE
Assistant Secretary
COMPENSATION
$45K
AGE
41
Board of Directors
Cliff Blake
TITLE
CEO, President
AGE
64
TENURE
7.9 yrs
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.
First Rate Staffing Corporation
2775 West Thomas Road,
Suite 107,
Phoenix,
Arizona, 85018,
United States
Listings
Exchange Symbol
Ticker Symbol
Security
Exchange
Country
Currency
Listed on
OTCPK
FRSI
Common Stock
Pink Sheets LLC
US
USD
19. Feb 2016
Number of employees
Current staff
0
First Rate Staffing
employees.
Industry
Human Resource and Employment Services
Commercial Services
Company Analysis and Financial Data Status
Area
Date (UTC time)
Company Analysis updated:
2019/12/12 00:30
End of day share price update:
2019/10/29 00:00
Last earnings filing:
2016/11/21
Last earnings reported:
2016/09/30
Last annual earnings reported:
2015/12/31
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.