PRGX Global, Inc. provides recovery audit services to businesses and government agencies having payment transactions and procurement environments. The company was founded in 1990 and is based in Atlanta, Georgia.
PRGX Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Prgx Global Inc with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Prgx Global Inc ranked in the 55th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 18.33%. As for the metrics that stood out in our discounted cash flow analysis of Prgx Global Inc, consider:
Prgx Global Inc's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -0.59. This coverage rate is greater than that of just 22.61% of stocks we're observing for the purpose of forecasting via discounted cash flows.
As a business, Prgx Global Inc experienced a tax rate of about 143% over the past twelve months; relative to its sector (Industrials), this tax rate is higher than 98.78% of stocks generating free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Industrials that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as PRGX, try TBI, AGCO, RBC, AIMC, and DXPE.
NEW YORK, Jan. 21, 2021 (GLOBE NEWSWIRE) -- Halper Sadeh LLP, a global investor rights law firm, continues to investigate the following companies: National Holdings Corporation (NASDAQ: NHLD) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its sale to B. Riley Financial, Inc. for $3.25 per share. If you are a National Holdings shareholder, click here to learn more about your rights and options. HMS Holdings Corp. (NASDAQ: HMSY) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its sale to Gainwell Technologies for $37.00 in cash per share. If you are an HMS shareholder, click here to learn more about your rights and options. PRGX Global, Inc. (NASDAQ: PRGX) concern...
WILMINGTON, Del., Jan. 20, 2021 (GLOBE NEWSWIRE) -- Rigrodsky Law, P.A. announces that it is investigating: PRGX Global, Inc. (NASDAQ GS: PRGX) regarding possible breaches of fiduciary duties and other violations of law related to PRGX’s agreement to be acquired by affiliates of Ardian North America Fund II, L.P. Under the terms of the agreement PRGX’s shareholders will receive $7.71 per share in cash. To learn more about this investigation and your rights, visit: https://www.rl-legal.com/cases-prgx-global-inc. Broadway Financial Corporation (NASDAQ GS: BYFC) regarding possible breaches of fiduciary duties and other violations of law related to Broadway’s agreement to merge with CFBanc Corporation. Under the terms of the agreement, Broadway will issue 13.626 shares of Broadway common st...
Annual gathering of global finance, procurement and source-to-pay leaders highlights key topics impacting source-to-pay and lessons learned from 2020 ATLANTA, Jan. 19, 2021 (GLOBE NEWSWIRE) -- PRGX Global, Inc. (Nasdaq: PRGX), a global leader in recovery audit and spend analytics services, hosted PRGXchange™ this past October, its annual thought-leadership conference for finance, procurement, and supply chain professionals around the globe. Now in its 13th year, the virtual event provided a forum for participants to learn about industry trends, share learnings from 2020 and the rapid impact of COVID-19, hear predictions for the future and collaborate to solve some of the leading challenges facing today’s finance leaders. The conference featured six interactive thought-leadership session...