One-glance verdict
Undervalued
$39.23 our estimate vs market $4.16
89% below our estimate, below the bear case
Fundamentals snapshot
BGSF, Inc.
BGSF · NYQ · Industrials · Staffing & Employment Services
Current price
$4.16
52-week range
$3.25 - $6.75
Market cap
$44.43M
Balance sheet
Healthy
-2.07x Concerning
Net cash $17.62M. Interest coverage shows how many times profit covers the interest bill.
What stands out
1 Reward
3 Risks
1 rewards · 3 risks
- Reward Free cash flow was positive in 10/10 years.
- Risk Insider ownership is only 7.0% (peer median: 49.1%).
- Risk Return on equity was -11.2% last year — the company lost money on shareholders' equity.
- Risk Operating margin compressed from 5.6% to -3.6% over 3 years.
What this company does
BGSF, Inc.
BGSF, Inc. helps apartment buildings and businesses find the right people for jobs like office work and maintenance. Most of their money comes from providing these temporary and permanent staffing services. This business model matters because it means their earnings can depend on how many companies are hiring and how often people switch jobs.
How the company got here
BGSF, Inc. was founded in 2007 and originally known as BG Staffing, Inc.. The company has grown and diversified through acquisitions since 2009, acquiring twelve businesses by 2010. In February 2021, it officially changed its name to BGSF, Inc.. The company has strategically divested certain segments, selling its light industrial staffing segment in 2022 and its professional staffing segment in 2025. This has allowed BGSF to focus on its core property management staffing business. The COVID-19 pandemic significantly impacted BGSF's business in 2020, leading to reduced demand and adverse financial results.
What it actually does
BGSF, Inc. is a national provider of workforce solutions, offering consulting, managed services, and professional staffing. Essentially, the company helps other businesses find the right people to fill their job openings, especially for roles that require specific skills or are on a temporary or project basis. They act as a bridge between companies needing talent and individuals seeking employment, focusing on connecting people to work opportunities that can enrich their lives.
Property Management
This is BGSF's primary business segment and is the largest part of the company. Through its BG Staffing brand, the company provides office and maintenance staff to apartment communities and commercial buildings. They help property owners and managers find reliable talent for roles like leasing agents, maintenance technicians, and property managers. This segment is crucial for ensuring that properties are well-maintained and operations run smoothly, directly impacting resident satisfaction and property value.
What management is betting on now
BGSF's management is focused on being a pure-play provider in the property management staffing sector. They are investing in technology and AI to speed up the hiring process and improve efficiency, aiming to quickly fill open positions for their clients. The company is also focusing on understanding and meeting the evolving needs of property management professionals to improve employee retention. By streamlining operations and leveraging technology, BGSF aims to drive growth and operational efficiency in the real estate staffing market.
Price history
How the share price has moved
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Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2024 Q3
$6.15K
FY2024 Q4
$22.72M
FY2025 Q1
$1.04M
FY2025 Q2
$2.14M
FY2025 Q3
$-4.87M
FY2025 Q4
$1.67M
FY2026 Q2
$-229.00K
Revenue
$22.31M
Net income
$-834.00K
Diluted EPS
—
Operating cash flow
$-164.00K
Free cash flow
$-229.00K
Fetching…
Sources
Revenue
$20.88M
Net income
$-471.00K
Diluted EPS
—
Operating cash flow
$4.00K
Free cash flow
—
Fetching…
Sources
Revenue
$22.03M
Net income
$-1.16M
Diluted EPS
-0.10
Operating cash flow
$1.69M
Free cash flow
$1.67M
Fetching…
Sources
Revenue
$26.89M
Net income
$-5.81M
Diluted EPS
-0.52
Operating cash flow
$-4.76M
Free cash flow
$-4.87M
Fetching…
Sources
Revenue
$23.51M
Net income
$-3.74M
Diluted EPS
-0.34
Operating cash flow
$2.15M
Free cash flow
$2.14M
Fetching…
Sources
Revenue
$63.23M
Net income
$-722.00K
Diluted EPS
-0.06
Operating cash flow
$1.06M
Free cash flow
$1.04M
Fetching…
Sources
Revenue
$64.41M
Net income
$-981.00K
Diluted EPS
-0.31
Operating cash flow
$24.36M
Free cash flow
$22.72M
Fetching…
Sources
Revenue
$71.19K
Net income
$-804.00
Diluted EPS
-0.07
Operating cash flow
$6.53K
Free cash flow
$6.15K
Fetching…
Sources
Is it cheap or expensive?
Fair value $39.23 vs current price $4.16
Our most-likely fair value is $39.23 a share — about 843.1% above today's price of $4.16, so the stock currently looks cheap (undervalued).
Is it drowning in debt?
Healthy
Net cash $17.6M - more cash than debt. Interest coverage -2.1x.
Net debt
$-17.62M
Interest coverage
-2.07x
BGSF, Inc.'s profit covers its interest bill about 0.0 times over. which is weaker than most peers shown here and 4 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Healthy
Worse cushion
Baseline
Better cushion
BGSF
BASELINE
BGSF, Inc.
Total debt $608.00K Interest coverage -2.07x This is the baseline the peer rows are being compared against.
Total debt $3.50M Interest coverage -9.94x Neither company has much profit cushion over interest right now.
Total debt $28.20M Interest coverage -14.18x Neither company has much profit cushion over interest right now.
Total debt $570.06M Interest coverage -5.48x Neither company has much profit cushion over interest right now.
Total debt $2.12M Interest coverage 0.00x This peer still has a real interest-payment cushion, while BGSF does not.
Total debt $0.00 Interest coverage 22.66x This peer still has a real interest-payment cushion, while BGSF does not.
What you should know
The case for and against BGSF
1 Reward
3 Risks
Rewards
-
Free cash flow was positive in 10/10 years.
Risks
-
Insider ownership is only 7.0% (peer median: 49.1%).
-
Return on equity was -11.2% last year — the company lost money on shareholders' equity.
-
Operating margin compressed from 5.6% to -3.6% over 3 years.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
—
Forward P/E
34.67x
P/B
0.96x
P/S
0.48x
EV/EBITDA
-10.33x
PEG ratio
0.41x
Profitability
How much profit each dollar creates
Gross margin
35.5%
Operating margin
-3.6%
Net margin
-9.0%
ROE
-11.2%
ROA
-2.6%
Health
Liquidity and balance-sheet strength
Debt / equity
0.01x
Current ratio
5.11x
Quick ratio
4.70x
Total debt
$608.00K
Total cash
$18.23M
Growth
How the business has been compounding
Revenue TTM
$92.11M
Revenue 5Y CAGR
-21.0%
EPS TTM
-0.60
EPS 5Y CAGR
—
Cash flow
How much cash the business throws off
Operating CF TTM
$-3.23M
Free CF TTM
$4.00K
FCF margin
0.0%
Dividend
Shareholder payout
Yield
0.0%
Payout ratio
115.4%
Last ex-div date
2025-10-01