Digia: High quality code that produces continuous results
In Q4, net sales and especially earnings exceeded expectations. As usual, the guidance was a little cautious. Digia continues to invest in the first half of the year, but in the second half we expect investments to ease up and support profitability. In recent years, the company has proven to be a high-quality earnings grower with a healthy balance sheet, and we expect this to continue in coming years. We maintain our estimates almost unchanged and the share’s expected return still speaks for a positive view on the share.
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Digia
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.
Read more on company pageKey Estimate Figures09.02.2022
2021 | 22e | 23e | |
---|---|---|---|
Revenue | 155.9 | 163.8 | 172.0 |
growth-% | 12.15 % | 5.07 % | 5.00 % |
EBIT (adj.) | 17.7 | 18.0 | 19.3 |
EBIT-% (adj.) | 11.34 % | 11.02 % | 11.21 % |
EPS (adj.) | 0.55 | 0.55 | 0.59 |
Dividend | 0.17 | 0.20 | 0.23 |
Dividend % | 2.41 % | 3.11 % | 3.57 % |
P/E (adj.) | 12.74 | 11.69 | 10.87 |
EV/EBITDA | 8.97 | 8.08 | 7.08 |