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GEE Group Inc (JOB)

Commercial and Professional Services Industrial Goods
Stock AI

Financial Metrics

Price to Earnings-267.4x
Revenue Growth (1Y)-20.47%
Debt to Equity0.02x

Strengths

Stock Chart

Valuation

GEE Group Inc is undervalued

A. General Company Overview

GEE Group Inc. is a human resources solutions provider that has been in operation since 1893 and was officially incorporated in the State of Illinois in 1962. The company offers temporary and permanent personnel services primarily in the professional and industrial services sectors across the United States.

B. Business Description

GEE Group Inc. operates through multiple wholly-owned subsidiary corporations, all of which are consolidated under the parent company. These subsidiaries include Access Data Consulting Corporation, Agile Resources, Inc., BMCH, Inc., Paladin Consulting, Inc., Scribe Solutions, Inc., SNI Companies, Inc., Triad Logistics, Inc., and Triad Personnel Services, Inc. The company also operates under various trade names, such as Accounting Now, Ashley Ellis, Staffing Now®, SNI Banking, SNI Certes®, SNI Energy®, SNI Financial®, SNI Technology®, GEE Group (Columbus), General Employment, Omni One, and Triad Staffing.

C. Services Provided

GEE Group Inc. caters to a wide range of customers, including small and medium-sized businesses to Fortune 1000 companies. The company offers highly specialized contract and permanent placement services in sectors such as IT, engineering, accounting and finance, office support, and specialized contract healthcare professionals. This includes providing scribes for electronic medical record (EMR) services in emergency departments, specialty physician practices, and clinics. Additionally, the company also provides temporary staffing services in the light industrial (blue collar) areas.

The company operates through two main divisions: Professional Staffing Services and Industrial Staffing Services.

Under the Professional Staffing Services division, the company's subsidiaries offer various specialized services:

  • Access Data Consulting provides IT talent and human resources consulting services primarily in the higher-end IT vertical.
  • Agile Resources offers CIO advisory services, IT project support, and human resources solutions.
  • Ashley Ellis focuses on engineering and IT contract staffing services.
  • GEE Group (Columbus) primarily provides staffing services in the accounting and engineering verticals.
  • Omni One specializes in technical and professional staffing solutions in the manufacturing and engineering sectors.
  • Paladin Consulting provides highly skilled IT professionals and other non-IT staffing solutions.
  • Scribe Solutions offers trained medical scribes for personal assistant work in relation to EMR services.
  • SNI Companies specializes in human resource solutions for various verticals, including accounting, finance, IT, banking, and office support.

Under the Industrial Staffing Services division, Triad Staffing provides contract labor services in manufacturing, electronic assembly, warehousing, and general labor operations in Ohio.

D. Marketing

GEE Group Inc. markets its services using its corporate and trade names in specific vertical markets. The company operates from various locations throughout the United States, including branch offices and remote locations. Marketing efforts include online strategies, such as using corporate websites and digital direct mail campaigns, publishing salary guides, advertising in relevant publications, attending and displaying at trade shows, participating in business organizations and chambers of commerce, and supporting employees' philanthropic activities. The company's sales consultants and business development managers engage in telephone marketing and tailored employment bulletins to identify prospects.

E. Competition

The staffing industry is highly competitive, with numerous players ranging from sole-proprietorship operations to local, regional, and national organizations. While there are relatively few barriers to entry in terms of offering direct hire and staff augmentation services, substantial working capital is typically required for contract staffing services. New entrants are continually introduced to the market. Competitors include large national firms, local and regional firms, and smaller family-run operations. GEE Group Inc. competes effectively by providing qualified candidates, maintaining strong client relationships, responding promptly to client requests, and establishing convenient office locations. The company believes that client experience and service quality are paramount, with pricing being a secondary competitive factor.

F. Recruiting

The success of GEE Group Inc.'s services relies on its ability to recruit and retain qualified candidates. The company recruits candidates through job postings, electronic contact via internet tools, and telephone communication. Online job postings are managed through corporate and specialty brand web pages, as well as internet job posting bulletin boards. The company also maintains a database of applicant skills to match them with job openings. All applicants undergo screening, interviews, and, in many cases, background checks before being presented to clients.

G. Employees

As of September 30, 2022, GEE Group Inc. had approximately 309 regular employees. The number of contract service employees varied during fiscal 2022, ranging from approximately 1,880 to 2,579.

H. Corporate Information

GEE Group Inc. was incorporated in Illinois in 1962 and has its principal executive offices located in Jacksonville, Florida.

Stock Infos

SectorIndustrial Goods
IndustryCommercial and Professional Services
CEODerek Dewan

Dividends

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