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DHH SPA (DHH.MI) Stock Fundamental Analysis

Europe - Euronext Milan - BIT:DHH - IT0005203622 - Common Stock

23.4 EUR
+0.7 (+3.08%)
Last: 12/29/2025, 7:00:00 PM
Fundamental Rating

5

Overall DHH gets a fundamental rating of 5 out of 10. We evaluated DHH against 76 industry peers in the IT Services industry. DHH scores excellent on profitability, but there are some minor concerns on its financial health. DHH is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

DHH had positive earnings in the past year.
In the past year DHH had a positive cash flow from operations.
Each year in the past 5 years DHH has been profitable.
Each year in the past 5 years DHH had a positive operating cash flow.
DHH.MI Yearly Net Income VS EBIT VS OCF VS FCFDHH.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2M 4M 6M 8M

1.2 Ratios

DHH has a better Return On Assets (5.26%) than 62.67% of its industry peers.
DHH has a Return On Equity (12.73%) which is comparable to the rest of the industry.
DHH has a Return On Invested Capital of 8.08%. This is comparable to the rest of the industry: DHH outperforms 49.33% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for DHH is significantly below the industry average of 25.87%.
Industry RankSector Rank
ROA 5.26%
ROE 12.73%
ROIC 8.08%
ROA(3y)3.93%
ROA(5y)4.47%
ROE(3y)8.68%
ROE(5y)9.26%
ROIC(3y)8.73%
ROIC(5y)7.32%
DHH.MI Yearly ROA, ROE, ROICDHH.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

DHH has a Profit Margin of 10.05%. This is amongst the best in the industry. DHH outperforms 89.33% of its industry peers.
In the last couple of years the Profit Margin of DHH has grown nicely.
With an excellent Operating Margin value of 18.89%, DHH belongs to the best of the industry, outperforming 94.67% of the companies in the same industry.
In the last couple of years the Operating Margin of DHH has grown nicely.
DHH's Gross Margin of 93.24% is amongst the best of the industry. DHH outperforms 92.00% of its industry peers.
DHH's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 18.89%
PM (TTM) 10.05%
GM 93.24%
OM growth 3Y-2.06%
OM growth 5Y54.36%
PM growth 3Y-14.91%
PM growth 5Y46.79%
GM growth 3Y-0.79%
GM growth 5Y-1.44%
DHH.MI Yearly Profit, Operating, Gross MarginsDHH.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60 80

5

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so DHH is still creating some value.
The number of shares outstanding for DHH has been increased compared to 1 year ago.
The number of shares outstanding for DHH has been increased compared to 5 years ago.
Compared to 1 year ago, DHH has an improved debt to assets ratio.
DHH.MI Yearly Shares OutstandingDHH.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 1M 2M 3M 4M 5M
DHH.MI Yearly Total Debt VS Total AssetsDHH.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M 50M

2.2 Solvency

DHH has an Altman-Z score of 3.26. This indicates that DHH is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of DHH (3.26) is better than 64.00% of its industry peers.
DHH has a debt to FCF ratio of 3.64. This is a good value and a sign of high solvency as DHH would need 3.64 years to pay back of all of its debts.
DHH's Debt to FCF ratio of 3.64 is in line compared to the rest of the industry. DHH outperforms 52.00% of its industry peers.
DHH has a Debt/Equity ratio of 0.51. This is a neutral value indicating DHH is somewhat dependend on debt financing.
DHH has a Debt to Equity ratio (0.51) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.51
Debt/FCF 3.64
Altman-Z 3.26
ROIC/WACC1.08
WACC7.48%
DHH.MI Yearly LT Debt VS Equity VS FCFDHH.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M 20M 25M

2.3 Liquidity

DHH has a Current Ratio of 1.29. This is a normal value and indicates that DHH is financially healthy and should not expect problems in meeting its short term obligations.
DHH has a Current ratio of 1.29. This is comparable to the rest of the industry: DHH outperforms 54.67% of its industry peers.
DHH has a Quick Ratio of 1.26. This is a normal value and indicates that DHH is financially healthy and should not expect problems in meeting its short term obligations.
DHH has a Quick ratio of 1.26. This is in the better half of the industry: DHH outperforms 62.67% of its industry peers.
Industry RankSector Rank
Current Ratio 1.29
Quick Ratio 1.26
DHH.MI Yearly Current Assets VS Current LiabilitesDHH.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M 20M

5

3. Growth

3.1 Past

DHH shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -5.53%.
Measured over the past years, DHH shows a very strong growth in Earnings Per Share. The EPS has been growing by 62.49% on average per year.
The Revenue has been growing slightly by 6.82% in the past year.
The Revenue has been growing by 39.65% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-5.53%
EPS 3Y3.98%
EPS 5Y62.49%
EPS Q2Q%3.55%
Revenue 1Y (TTM)6.82%
Revenue growth 3Y22.43%
Revenue growth 5Y39.65%
Sales Q2Q%9.01%

3.2 Future

DHH is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.37% yearly.
DHH is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.02% yearly.
EPS Next Y5.73%
EPS Next 2Y9.72%
EPS Next 3Y11.37%
EPS Next 5YN/A
Revenue Next Year15.35%
Revenue Next 2Y10.64%
Revenue Next 3Y9.18%
Revenue Next 5Y7.02%

3.3 Evolution

Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
DHH.MI Yearly Revenue VS EstimatesDHH.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 20M 40M 60M
DHH.MI Yearly EPS VS EstimatesDHH.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2017 2018 2020 2021 2022 2023 2024 2025 2026 2027 0.2 0.4 0.6 0.8 1

2

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 30.79, DHH can be considered very expensive at the moment.
The rest of the industry has a similar Price/Earnings ratio as DHH.
Compared to an average S&P500 Price/Earnings ratio of 27.19, DHH is valued at the same level.
A Price/Forward Earnings ratio of 23.31 indicates a rather expensive valuation of DHH.
DHH's Price/Forward Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.92, DHH is valued at the same level.
Industry RankSector Rank
PE 30.79
Fwd PE 23.31
DHH.MI Price Earnings VS Forward Price EarningsDHH.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

DHH's Enterprise Value to EBITDA is on the same level as the industry average.
DHH's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 21.07
EV/EBITDA 10.05
DHH.MI Per share dataDHH.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
DHH has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)5.37
PEG (5Y)0.49
EPS Next 2Y9.72%
EPS Next 3Y11.37%

0

5. Dividend

5.1 Amount

DHH does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

DHH SPA

BIT:DHH (12/29/2025, 7:00:00 PM)

23.4

+0.7 (+3.08%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustryIT Services
Earnings (Last)11-21 2025-11-21
Earnings (Next)03-19 2026-03-19
Inst Owners3.01%
Inst Owner ChangeN/A
Ins Owners68.88%
Ins Owner ChangeN/A
Market Cap122.62M
Revenue(TTM)37.51M
Net Income(TTM)3.77M
Analysts83.33
Price Target34.6 (47.86%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly Dividend0
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)16.86%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-2.78%
EPS NY rev (3m)-12.61%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.54%
Valuation
Industry RankSector Rank
PE 30.79
Fwd PE 23.31
P/S 3.27
P/FCF 21.07
P/OCF 9.98
P/B 4.14
P/tB 17.66
EV/EBITDA 10.05
EPS(TTM)0.76
EY3.25%
EPS(NY)1
Fwd EY4.29%
FCF(TTM)1.11
FCFY4.75%
OCF(TTM)2.34
OCFY10.02%
SpS7.16
BVpS5.65
TBVpS1.32
PEG (NY)5.37
PEG (5Y)0.49
Graham Number9.83
Profitability
Industry RankSector Rank
ROA 5.26%
ROE 12.73%
ROCE 13.66%
ROIC 8.08%
ROICexc 11.87%
ROICexgc 33.1%
OM 18.89%
PM (TTM) 10.05%
GM 93.24%
FCFM 15.51%
ROA(3y)3.93%
ROA(5y)4.47%
ROE(3y)8.68%
ROE(5y)9.26%
ROIC(3y)8.73%
ROIC(5y)7.32%
ROICexc(3y)12.23%
ROICexc(5y)10.48%
ROICexgc(3y)26.87%
ROICexgc(5y)29.48%
ROCE(3y)15.07%
ROCE(5y)12.92%
ROICexgc growth 3Y-10.28%
ROICexgc growth 5YN/A
ROICexc growth 3Y6.52%
ROICexc growth 5Y53.67%
OM growth 3Y-2.06%
OM growth 5Y54.36%
PM growth 3Y-14.91%
PM growth 5Y46.79%
GM growth 3Y-0.79%
GM growth 5Y-1.44%
F-Score5
Asset Turnover0.52
Health
Industry RankSector Rank
Debt/Equity 0.51
Debt/FCF 3.64
Debt/EBITDA 1.2
Cap/Depr 116.31%
Cap/Sales 17.24%
Interest Coverage 250
Cash Conversion 97.15%
Profit Quality 154.41%
Current Ratio 1.29
Quick Ratio 1.26
Altman-Z 3.26
F-Score5
WACC7.48%
ROIC/WACC1.08
Cap/Depr(3y)89.93%
Cap/Depr(5y)88.5%
Cap/Sales(3y)13.53%
Cap/Sales(5y)12.57%
Profit Quality(3y)392.65%
Profit Quality(5y)477.25%
High Growth Momentum
Growth
EPS 1Y (TTM)-5.53%
EPS 3Y3.98%
EPS 5Y62.49%
EPS Q2Q%3.55%
EPS Next Y5.73%
EPS Next 2Y9.72%
EPS Next 3Y11.37%
EPS Next 5YN/A
Revenue 1Y (TTM)6.82%
Revenue growth 3Y22.43%
Revenue growth 5Y39.65%
Sales Q2Q%9.01%
Revenue Next Year15.35%
Revenue Next 2Y10.64%
Revenue Next 3Y9.18%
Revenue Next 5Y7.02%
EBIT growth 1Y-0.33%
EBIT growth 3Y19.91%
EBIT growth 5Y115.56%
EBIT Next Year89.59%
EBIT Next 3Y31.31%
EBIT Next 5Y20.13%
FCF growth 1Y-12.19%
FCF growth 3Y-4.43%
FCF growth 5Y23.86%
OCF growth 1Y2.95%
OCF growth 3Y15.1%
OCF growth 5Y55.96%

DHH SPA / DHH.MI FAQ

What is the fundamental rating for DHH stock?

ChartMill assigns a fundamental rating of 5 / 10 to DHH.MI.


What is the valuation status for DHH stock?

ChartMill assigns a valuation rating of 2 / 10 to DHH SPA (DHH.MI). This can be considered as Overvalued.


How profitable is DHH SPA (DHH.MI) stock?

DHH SPA (DHH.MI) has a profitability rating of 7 / 10.


What is the financial health of DHH SPA (DHH.MI) stock?

The financial health rating of DHH SPA (DHH.MI) is 5 / 10.


What is the expected EPS growth for DHH SPA (DHH.MI) stock?

The Earnings per Share (EPS) of DHH SPA (DHH.MI) is expected to grow by 5.73% in the next year.