Logo image of DHH.MI

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

Taking everything into account, DHH scores 5 out of 10 in our fundamental rating. DHH was compared to 68 industry peers in the IT Services industry. DHH has an excellent profitability rating, but there are some minor concerns on its financial health. DHH is valied quite expensively at the moment, while 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.
DHH had a positive operating cash flow in the past year.
DHH had positive earnings in each of the past 5 years.
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 Return On Assets of 5.26%. This is in the better half of the industry: DHH outperforms 60.29% of its industry peers.
Looking at the Return On Equity, with a value of 12.73%, DHH is in line with its industry, outperforming 55.88% of the companies in the same industry.
The Return On Invested Capital of DHH (8.08%) is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for DHH is below the industry average of 11.04%.
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's Profit Margin of 10.05% is amongst the best of the industry. DHH outperforms 91.18% of its industry peers.
DHH's Profit Margin has improved in the last couple of years.
The Operating Margin of DHH (18.89%) is better than 97.06% of its industry peers.
DHH's Operating Margin has improved in the last couple of years.
The Gross Margin of DHH (93.24%) is better than 91.18% of its industry peers.
In the last couple of years the Gross Margin of DHH has remained more or less at the same level.
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.
The debt/assets ratio for DHH has been reduced compared to a year ago.
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.
DHH has a Altman-Z score of 3.26. This is in the better half of the industry: DHH outperforms 66.18% of its industry peers.
The Debt to FCF ratio of DHH is 3.64, which is a good value as it means it would take DHH, 3.64 years of fcf income to pay off all of its debts.
DHH has a Debt to FCF ratio of 3.64. This is comparable to the rest of the industry: DHH outperforms 52.94% of its industry peers.
A Debt/Equity ratio of 0.51 indicates that DHH is somewhat dependend on debt financing.
DHH has a Debt to Equity ratio of 0.51. This is comparable to the rest of the industry: DHH outperforms 45.59% of 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.
Looking at the Current ratio, with a value of 1.29, DHH is in line with its industry, outperforming 55.88% of the companies in the same industry.
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.
Looking at the Quick ratio, with a value of 1.26, DHH is in the better half of the industry, outperforming 63.24% of the companies in the same industry.
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

The earnings per share for DHH have decreased by -5.53% in the last year.
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.
Looking at the last year, DHH shows a small growth in Revenue. The Revenue has grown by 6.82% in the last year.
Measured over the past years, DHH shows a very strong growth in Revenue. The Revenue has been growing by 39.65% on average per year.
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.
Based on estimates for the next years, DHH will show a small growth in Revenue. The Revenue will grow by 7.56% on average per year.
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 5Y7.56%

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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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 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

Based on the Price/Earnings ratio of 30.79, the valuation of DHH can be described as expensive.
DHH's Price/Earnings ratio is a bit more expensive when compared to the industry. DHH is more expensive than 61.76% of the companies in the same industry.
DHH is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 26.51, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 23.31, DHH is valued on the expensive side.
Based on the Price/Forward Earnings ratio, DHH is valued a bit more expensive than the industry average as 60.29% of the companies are valued more cheaply.
DHH's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 23.13.
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 ratio is in line with 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 DHH does not grow enough to justify the current Price/Earnings ratio.
The decent profitability rating of DHH 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 Owners3.21%
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)17.41%
PT rev (3m)16.86%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-1.69%
EPS NY rev (3m)-12.61%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)2.54%
Revenue NY rev (3m)-0.58%
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 5Y7.56%
EBIT growth 1Y-0.33%
EBIT growth 3Y19.91%
EBIT growth 5Y115.56%
EBIT Next Year89.59%
EBIT Next 3Y31.31%
EBIT Next 5YN/A
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.