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Heidrick & Struggles International: Opportune Time To Buy

Sanjeev Vaid profile picture
Sanjeev Vaid


  • Heidrick & Struggles has shown consistent growth in its revenues and operating margins.
  • With its recent diversification into On-Demand talent services and HR consulting services, it should decrease its susceptibility to economic cyclicality.
  • I see both organic growth in its core business and growth via acquisitions in its new business segments, though FY2023 is expected to be a challenging one.
  • I find the company to be a good bargain at the current level from both an intrinsic valuation and a relative pricing perspective.

Group of business people standing in hall, smiling and talking together

Caiaimage/Sam Edwards/iStock via Getty Images

Heidrick & Struggles International (NASDAQ:HSII) is human capital advisory firm providing retained executive search, on-demand talent services and leadership/cultural consulting to a variety of businesses. In such a reputation-based business, it boasts of a broad base of

Revenue growth

Seeking Alpha

EBIT growth

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Industry diversification

Diversification across industries (Author's analysis based on 10-K for FY2022)

Business segment growth

Author's analysis based on 10-K for FY2022

DCF valuation

DCF Valuation (Author's analysis)

Monte Carlo simulation results

Author's analysis

This article was written by

Sanjeev Vaid profile picture
A 20 year senior supply chain and operations executive leader, turned full-time individual investor. Heavily focused on intrinsic valuation to find long-term multi-baggers.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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