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Digia

5.74 EUR +1.41%
7,185 investors are following this company

Digia is an IT consulting company. The company specializes in system integration, web analysis, and internal processes that concern efficiency and decision management. The company's services are used in a number of sectors, from the financial sector to the grocery trade and the energy sector. The largest presence in the Nordic domestic market. Digia is headquartered in Helsinki.

P/E (adj.) (24e)
10.53
EV/EBIT (adj.) (24e)
8.51
EV/S (24e)
0.82
Dividend yield-% (24e)
3.31 %
Target price
6.40 EUR
Recommendation
Accumulate
Updated
11.8.2024
NASDAQ Helsinki
DIGIA
Daily low / high price
5.7 / 5.8 EUR
Market cap
153.97M EUR
Turnover
13.03K EUR
Volume
2.3K
Business risk
Valuation risk
Current
Previous

Latest research

Digia: High quality code that produces continuous results
2022-02-09

Analyst

Joni Grönqvist
Joni Grönqvist
Analyst

Latest videos

Digia Plc, Half-year Financial Report 2024
2024-08-09
inderesPodcast: 2.En djupdykning i Helsingforsbörsens IT-tjänstesektor
2022-10-05
IT-konsultsektorn har fortsatt medvind
2022-05-31

Financial calendar

Business review
2024-10-25

Income statement

20202021202220232024e2025e2026e2027e
Revenue139.0155.9170.8192.0204.8212.4219.9226.7
growth-%5.5 %12.1 %9.5 %12.5 %6.6 %3.7 %3.5 %3.1 %
EBITDA20.222.219.821.123.725.526.526.9
EBIT (adj.)16.017.715.917.119.721.422.721.1
EBIT14.114.712.713.816.318.620.321.1
Profit before taxes13.514.612.112.415.117.820.020.9
Net income10.611.89.69.911.914.216.016.7
EPS (adj.)0.470.550.480.470.550.610.670.62
growth-%48.3 %18.3 %-13.3 %-2.7 %17.0 %12.8 %8.5 %-6.5 %
Dividend0.150.170.170.170.190.210.220.31
Dividend ratio37.8 %38.6 %47.4 %46.2 %42.9 %39.5 %36.9 %50.0 %

Profitability and return on capital

20202021202220232024e2025e2026e2027e
EBITDA-%14.5 %14.2 %11.6 %11.0 %11.6 %12.0 %12.1 %11.9 %
EBIT-% (adj.)11.5 %11.3 %9.3 %8.9 %9.6 %10.1 %10.3 %9.3 %
EBIT-%10.1 %9.4 %7.5 %7.2 %8.0 %8.8 %9.3 %9.3 %
ROE18.7 %18.3 %13.8 %13.5 %15.0 %16.3 %16.5 %15.5 %
ROI16.7 %15.9 %12.7 %12.8 %14.5 %16.9 %18.9 %18.7 %

Valuation

20202021202220232024e2025e2026e2027e
Share price (EUR)7.527.045.715.465.745.745.745.74
Shares26.826.726.726.826.826.826.826.8
Market cap201.7188.2152.4146.5154.0154.0154.0154.0
Enterprise value212.2198.8170.0171.2167.3155.6143.1130.3
EV/S1.51.31.00.90.80.70.70.6
EV/EBITDA10.59.08.68.17.16.15.44.8
EV/EBIT (adj.)13.311.210.710.08.57.36.36.2
EV/EBIT15.013.513.412.410.28.47.06.2
P/E (adj.)16.112.711.911.710.59.38.69.2
P/E19.016.015.914.812.910.89.69.2
P/B3.32.82.11.91.91.71.51.4
P/S1.51.20.90.80.80.70.70.7
Dividend yield2.0 %2.4 %3.0 %3.1 %3.3 %3.7 %3.8 %5.4 %
Equity ratio50.2 %47.6 %44.4 %44.9 %48.3 %54.4 %60.4 %62.1 %
Gearing ratio17.3 %15.7 %24.8 %32.8 %16.2 %1.8 %-10.6 %-20.9 %

Quarter data

Q3/23Q4/232023Q1/24Q2/24Q3/24eQ4/24e2024eQ1/25e
Revenue41.053.2192.053.652.144.754.4204.8
EBITDA4.56.121.16.65.35.16.623.7
EBIT2.74.313.84.83.53.34.816.3
Profit before taxes2.43.712.44.53.13.04.515.1
Net income1.93.19.93.42.42.43.611.9
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IT services sector's 2024 expectations fell slightly in Q1 - revenue expected to remain flat and profitability to rise slightly
Analyst Comment by
Joni Grönqvist, Frans-Mikael Rostedt

IT services sector's 2024 expectations fell slightly in Q1 - revenue expected to remain flat and profitability to rise slightly

The strengthening of the general economic situation in Finland and Europe and the expected decline in interest rates provide some light at the end of the tunnel and, in our opinion, create the conditions for a gradually improving demand outlook also for the IT services sector next year.

DigiaDigital WorkforceInnofactorLoihdeNetum GroupSiili SolutionsSolteqTietoevryVincitWitted Megacorp
IT service sector Q1 summary: Revenue and profitability down from a strong comparison period, but some defensive wins in profitability as well
Analyst Comment by
Joni Grönqvist, Frans-Mikael Rostedt

IT service sector Q1 summary: Revenue and profitability down from a strong comparison period, but some defensive wins in profitability as well

The organic revenue development of the Finnish listed IT service companies took a downturn from a strong comparison period. At the same time, profitability declined from the good comparison period, although slightly less than expected, helped by cost savings.

GoforeDigital WorkforceDigiaInnofactorLoihdeNetum GroupSiili SolutionsSolteqTietoevryVincitWitted Megacorp
Analyst Comment by
Frans-Mikael Rostedt

IT service sector valuation levels at the bottom of our 7-year monitoring history, justifiably?

We examined the development of valuation levels in the IT service sector through the forward-looking EV/S ratio in 2017-2024. The valuation levels have hit the bottom of the review period. The uncertain short-term outlook and the rise in interest rates partly justify a lower valuation, but we feel the sector’s expected return is at an attractive level as a whole.

Digital WorkforceDigiaGoforeInnofactorLoihdeNetum GroupSiili SolutionsSolteqTietoevryVincitWitted Megacorp
Analyst Comment by
Joni Grönqvist, Frans-Mikael Rostedt

We expect the IT services sector to grow moderately and profitability to increase slightly in 2024

We expect the dual dynamics of the IT services market to continue next year and slow down growth. In our estimates, profitability in the sector improves slightly, driven by cost savings, but still stays below potential due to headwinds.

DigiaDigital WorkforceGoforeInnofactorLoihdeNetum GroupSiili SolutionsSolteqTietoevryVincitWitted Megacorp
Analyst Comment by
Joni Grönqvist, Frans-Mikael Rostedt

IT services sector Q3 summary: Better than feared with several areas continuing to perform well

Overall, the Q3 earnings season was stronger than our cautious expectations and the market continued to be mixed. Many areas are still performing well and in the weaker areas it seems that, at least temporarily, the bottom of demand has been touched. There are already some cautious comments on the better, but in our view it is still too early to draw larger and broader conclusions.

DigiaGoforeInnofactorLoihdeSiili SolutionsSolteqTietoevryVincitWitted Megacorp
IT service sector: Fast deceleration in figures in Q2 in Finland, better in other Nordic countries
Analyst Comment by
Joni Grönqvist, Frans-Mikael Rostedt

IT service sector: Fast deceleration in figures in Q2 in Finland, better in other Nordic countries

Uncertainty in customer demand was realized more widely in Q2, but development was even more mixed than before. Companies with a high weight of tailored software development and the private sector suffered more in relative terms. Reported figures included mainly negative surprises, which was also seen in the form of change negotiations and profit warnings. We predict that the duality will continue in 2023, but the demand outlook will remain more subdued as a whole in 2023 in the private sector, while public sector demand is expected to remain at a good level.

DigiaDigital WorkforceGoforeInnofactorLoihdeNetum GroupSiili SolutionsSolteqTietoevryVincitWitted MegacorpAvensiaAddnode GroupColumbusCombinedXExsitec HoldingKnowitNetcompany GroupNNITWebstepBouvet