NASDAQ
According to Zyberno, HEIDRICK & STRUGGLES INTERNATIONAL, INC. (HSII) is not a buy — AVERAGE BUSINESS (50/100) with a negative Margin of Safety of -56.9% and a Brina Gap of -29.3% showing the market already prices in more growth than the fundamentals support.
According to Zyberno's DCF model, HEIDRICK & STRUGGLES INTERNATIONAL, INC. (HSII) trades at $59.01 against an estimated intrinsic value per share of $37.60 — a -56.9% Margin of Safety based on Owner Earnings of $101.37M TTM, projected at -5.6% growth for 10 years with a 2.5% terminal growth rate. The Brina Gap of -29.3% weakens the case: based on the company's ROIC (14.7%) and reinvestment rate (-110.1%), the business can fundamentally grow at -16.2% — but the current enterprise value implies the market expects 13.1%. This places HSII in the Expensive Hype quadrant of the Brina Matrix, the most fragile combination — overvalued on cash AND overpriced on growth. Zyberno's model translates this into a 5-year expected return of -13.8% annually.
Over the trailing twelve months, HSII generated $101.37M in Owner Earnings. Capital was deployed as follows: $12.72M paid as dividends, $22.88M invested in capital expenditures. Reinvestment rate: -110.1%. Owner Earnings have declined at 5.6% annually over the trailing five years using log-linear regression.