![IT services sector's 2024 expectations fell slightly in Q1 - revenue expected to remain flat and profitability to rise slightly](https://www.inderes.se/cdn-cgi/image/format=auto,width=640,height=358,quality=90,fit=contain/https://content.inderes.se/assets/a1c27db3-febe-46a3-abe4-aa20c188fd13.png)
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Digia
5.46 EUR +1.87%7,174 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 (24e)
10.08
EV/EBIT (adj.) (24e)
8.04
EV/S (24e)
0.8
Dividend yield-% (24e)
3.48 %
Target price
6.40 EUR
Recommendation
Accumulate
Updated
9.5.2024
NASDAQ Helsinki
DIGIA
Daily low / high price
5.46 / 5.58
EUR
Market cap
146.46M EUR
Turnover
59.95K EUR
Volume
11K
Business risk
Valuation risk
Current
Previous
Major OwnersSource: Millistream Market Data AB
Owner | Capital | Votes |
---|---|---|
Ingman Development Oy Ab | 29.5 % | 29.5 % |
Etola Oy | 12.8 % | 12.8 % |
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Insider Transactions
Insider | Date | Total value |
---|---|---|
Robert Ingman | 14.05.2024 | 2,948EUR |
Robert Ingman | 14.05.2024 | 7,617EUR |
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Forum updates
Mikä tekee Talouselämästä huonon paikan Digian mainokselle?
6/12/2024, 6:49 AM💙 4
QT Group syntyi aikaisemmassa Digiassa, joten näyttöä ainakin löytyy.
5/31/2024, 12:53 PM💙 2
Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 139.0 | 155.9 | 170.8 | 192.0 | 201.6 | 208.2 | 215.5 | 222.0 |
growth-% | 5.5 % | 12.1 % | 9.5 % | 12.5 % | 5.0 % | 3.3 % | 3.5 % | 3.0 % |
EBITDA | 20.2 | 22.2 | 19.8 | 21.1 | 23.9 | 25.3 | 26.3 | 26.5 |
EBIT (adj.) | 16.0 | 17.7 | 15.9 | 17.1 | 19.9 | 21.2 | 22.5 | 20.6 |
EBIT | 14.1 | 14.7 | 12.7 | 13.8 | 16.9 | 18.4 | 20.1 | 20.6 |
Profit before taxes | 13.5 | 14.6 | 12.1 | 12.4 | 15.1 | 17.3 | 19.6 | 20.6 |
Net income | 10.6 | 11.8 | 9.6 | 9.9 | 12.1 | 13.9 | 15.7 | 16.5 |
EPS (adj.) | 0.47 | 0.55 | 0.48 | 0.47 | 0.54 | 0.60 | 0.66 | 0.62 |
growth-% | 48.3 % | 18.3 % | -13.3 % | -2.7 % | 16.2 % | 10.9 % | 9.3 % | -6.1 % |
Dividend | 0.15 | 0.17 | 0.17 | 0.17 | 0.19 | 0.21 | 0.22 | 0.31 |
Dividend ratio | 37.8 % | 38.6 % | 47.4 % | 46.2 % | 42.1 % | 40.6 % | 37.6 % | 50.0 % |
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Profitability and return on capital
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
EBITDA-% | 14.5 % | 14.2 % | 11.6 % | 11.0 % | 11.9 % | 12.1 % | 12.2 % | 11.9 % |
EBIT-% (adj.) | 11.5 % | 11.3 % | 9.3 % | 8.9 % | 9.9 % | 10.2 % | 10.4 % | 9.3 % |
EBIT-% | 10.1 % | 9.4 % | 7.5 % | 7.2 % | 8.4 % | 8.8 % | 9.3 % | 9.3 % |
ROE | 18.7 % | 18.3 % | 13.8 % | 13.5 % | 15.3 % | 15.9 % | 16.2 % | 15.4 % |
ROI | 16.7 % | 15.9 % | 12.7 % | 12.8 % | 15.0 % | 15.7 % | 18.0 % | 19.3 % |
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Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 7.52 | 7.04 | 5.71 | 5.40 | 5.46 | 5.46 | 5.46 | 5.46 |
Shares | 26.8 | 26.7 | 26.7 | 26.8 | 26.8 | 26.8 | 26.8 | 26.8 |
Market cap | 201.7 | 188.2 | 152.4 | 144.8 | 146.5 | 146.5 | 146.5 | 146.5 |
Enterprise value | 212.2 | 198.8 | 170.0 | 169.6 | 160.3 | 149.0 | 136.9 | 124.2 |
EV/S | 1.5 | 1.3 | 1.0 | 0.9 | 0.8 | 0.7 | 0.6 | 0.6 |
EV/EBITDA | 10.5 | 9.0 | 8.6 | 8.0 | 6.7 | 5.9 | 5.2 | 4.7 |
EV/EBIT (adj.) | 13.3 | 11.2 | 10.7 | 9.9 | 8.0 | 7.0 | 6.1 | 6.0 |
EV/EBIT | 15.0 | 13.5 | 13.4 | 12.3 | 9.5 | 8.1 | 6.8 | 6.0 |
P/E (adj.) | 16.1 | 12.7 | 11.9 | 11.6 | 10.1 | 9.1 | 8.3 | 8.9 |
P/E | 19.0 | 16.0 | 15.9 | 14.7 | 12.1 | 10.6 | 9.3 | 8.9 |
P/B | 3.3 | 2.8 | 2.1 | 1.9 | 1.8 | 1.6 | 1.4 | 1.3 |
P/S | 1.5 | 1.2 | 0.9 | 0.8 | 0.7 | 0.7 | 0.7 | 0.7 |
Dividend yield | 2.0 % | 2.4 % | 3.0 % | 3.2 % | 3.5 % | 3.9 % | 4.0 % | 5.6 % |
Equity ratio | 50.2 % | 47.6 % | 44.4 % | 44.9 % | 48.5 % | 50.7 % | 62.6 % | 64.2 % |
Gearing ratio | 17.3 % | 15.7 % | 24.8 % | 32.8 % | 16.7 % | 2.8 % | -9.4 % | -19.8 % |
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Quarter data
Q2/23 | Q3/23 | Q4/23 | 2023 | Q1/24 | Q2/24e | Q3/24e | Q4/24e | 2024e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 47.8 | 41.0 | 53.2 | 192.0 | 53.6 | 51.2 | 43.6 | 53.1 | 201.6 |
EBITDA | 4.6 | 4.5 | 6.1 | 21.1 | 6.5 | 5.9 | 5.2 | 6.4 | 23.9 |
EBIT | 2.7 | 2.7 | 4.3 | 13.8 | 4.8 | 4.1 | 3.4 | 4.6 | 16.9 |
Profit before taxes | 2.4 | 2.4 | 3.7 | 12.4 | 4.3 | 3.7 | 3.0 | 4.2 | 15.1 |
Net income | 1.9 | 1.9 | 3.1 | 9.9 | 3.4 | 2.9 | 2.4 | 3.4 | 12.1 |
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ShowingAll content types
![IT services sector's 2024 expectations fell slightly in Q1 - revenue expected to remain flat and profitability to rise slightly](https://www.inderes.se/cdn-cgi/image/format=auto,width=640,height=358,quality=90,fit=contain/https://content.inderes.se/assets/a1c27db3-febe-46a3-abe4-aa20c188fd13.png)
![IT service sector Q1 summary: Revenue and profitability down from a strong comparison period, but some defensive wins in profitability as well](https://www.inderes.se/cdn-cgi/image/format=auto,width=640,height=358,quality=90,fit=contain/https://content.inderes.se/assets/2960b8d0-2d5c-48ed-b5e4-0d1f888752df.png)
IT service sector Q1 summary: Revenue and profitability down from a strong comparison period, but some defensive wins in profitability as well
Digia Oyj: Digia Plc - Managers' Transactions - Robert Ingman
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Digia Oyj: Digia Plc's Business Review January-March 2024 (unaudited)
![IT service sector: Our expectations for 2024 generally at the lower end of companies' guidance](https://www.inderes.se/cdn-cgi/image/format=auto,width=640,height=358,quality=90,fit=contain/https://content.inderes.se/assets/aefb64e2-4341-4ebe-a0d5-db91c5d85d27.png)
IT service sector: Our expectations for 2024 generally at the lower end of companies' guidance
Digia Oyj: The decisions of Digia Plc's Annual General Meeting 2024 and the organising meeting of the company's Board of Directors
![Q4 IT service sector summary: Growth and profitability in line with our expectations, 2023 can be seen as a defensive win](https://www.inderes.se/cdn-cgi/image/format=auto,width=640,height=358,quality=90,fit=contain/https://content.inderes.se/assets/49f03a03-baae-4193-851d-48056aafa15c.png)
Q4 IT service sector summary: Growth and profitability in line with our expectations, 2023 can be seen as a defensive win
Digia Oyj: Digia Plc's annual reporting package 2023 published
Digia Oyj: Digia Plc Financial Statement Bulletin 2023 (unaudited)
Digia Oyj: Notice of Digia Plc's Annual General Meeting 2024
IT service sector valuation levels at the bottom of our 7-year monitoring history, justifiably?
Digia Oyj: Digia Plc: Notification of changes in the company's ownership in accordance with Chapter 9 Section 10 of the Finnish Securities Market Act
We expect the IT services sector to grow moderately and profitability to increase slightly in 2024
IT services sector Q3 summary: Better than feared with several areas continuing to perform well
Digia Oyj: Digia Plc's Business Review January-September 2023 (unaudited)
Digia Oyj: Digia's Financial Calendar and Annual General Meeting in 2024
![IT service sector: Fast deceleration in figures in Q2 in Finland, better in other Nordic countries](https://www.inderes.se/cdn-cgi/image/format=auto,width=640,height=358,quality=90,fit=contain/https://content.inderes.se/assets/16c0ea89-7241-422a-83b5-10949e1d132b.png)