DHH SPA (DHH.MI) Fundamental Analysis & Valuation

BIT:DHH • IT0005203622

23.2 EUR
-1.4 (-5.69%)
Last: Feb 4, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

This DHH.MI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

5

Overall DHH gets a fundamental rating of 5 out of 10. We evaluated DHH against 75 industry peers in the IT Services industry. While DHH has a great profitability rating, 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. DHH.MI Profitability Analysis

1.1 Basic Checks

  • In the past year DHH was profitable.
  • DHH had a positive operating cash flow in the past year.
  • In the past 5 years DHH has always been profitable.
  • DHH had a positive operating cash flow in each of the past 5 years.
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

  • With a Return On Assets value of 5.26%, DHH perfoms like the industry average, outperforming 58.11% of the companies in the same industry.
  • The Return On Equity of DHH (12.73%) is comparable to the rest of the industry.
  • DHH has a Return On Invested Capital (8.08%) which is comparable to the rest of the industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for DHH is below the industry average of 11.55%.
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

  • Looking at the Profit Margin, with a value of 10.05%, DHH belongs to the top of the industry, outperforming 86.49% of the companies in the same industry.
  • DHH's Profit Margin has improved in the last couple of years.
  • The Operating Margin of DHH (18.89%) is better than 94.59% of its industry peers.
  • DHH's Operating Margin has improved in the last couple of years.
  • DHH's Gross Margin of 93.24% is amongst the best of the industry. DHH outperforms 91.89% 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

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ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. DHH.MI Health Analysis

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.
  • DHH has more shares outstanding than it did 1 year ago.
  • DHH has more shares outstanding than it did 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

  • An Altman-Z score of 3.37 indicates that DHH is not in any danger for bankruptcy at the moment.
  • With a decent Altman-Z score value of 3.37, DHH is doing good in the industry, outperforming 70.27% of the companies in the same industry.
  • 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.
  • Looking at the Debt to FCF ratio, with a value of 3.64, DHH is in line with its industry, outperforming 51.35% of the companies in the same industry.
  • 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 3.37
ROIC/WACC1.07
WACC7.56%
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

  • A Current Ratio of 1.29 indicates that DHH should not have too much problems paying its short term obligations.
  • DHH has a Current ratio of 1.29. This is comparable to the rest of the industry: DHH outperforms 52.70% of its industry peers.
  • A Quick Ratio of 1.26 indicates that DHH should not have too much problems paying its short term obligations.
  • DHH has a better Quick ratio (1.26) than 62.16% 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

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. DHH.MI Growth Analysis

3.1 Past

  • DHH shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -5.53%.
  • The Earnings Per Share has been growing by 62.49% on average over the past years. This is a very strong growth
  • 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.
  • The Revenue is expected to grow by 7.02% on average over the next years.
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.
  • 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 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

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Find the best growth stocksShow best growing peers

2

4. DHH.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 30.53, DHH can be considered very expensive at the moment.
  • 62.16% of the companies in the same industry are cheaper than DHH, based on the Price/Earnings ratio.
  • When comparing the Price/Earnings ratio of DHH to the average of the S&P500 Index (26.29), we can say DHH is valued inline with the index average.
  • Based on the Price/Forward Earnings ratio of 23.11, the valuation of DHH can be described as rather expensive.
  • DHH's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. DHH is more expensive than 62.16% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of DHH to the average of the S&P500 Index (24.57), we can say DHH is valued inline with the index average.
Industry RankSector Rank
PE 30.53
Fwd PE 23.11
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

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as DHH.
  • DHH's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 22.41
EV/EBITDA 10.66
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)5.33
PEG (5Y)0.49
EPS Next 2Y9.72%
EPS Next 3Y11.37%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. DHH.MI Dividend Analysis

5.1 Amount

  • No dividends for DHH!.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

DHH.MI Fundamentals: All Metrics, Ratios and Statistics

DHH SPA

BIT:DHH (2/4/2026, 7:00:00 PM)

23.2

-1.4 (-5.69%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustryIT Services
Earnings (Last)11-21
Earnings (Next)03-19
Inst Owners3.01%
Inst Owner ChangeN/A
Ins Owners68.88%
Ins Owner ChangeN/A
Market Cap130.38M
Revenue(TTM)37.51M
Net Income(TTM)3.77M
Analysts83.33
Price Target34.05 (46.77%)
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)-1.58%
PT rev (3m)15.55%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-1.69%
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 30.53
Fwd PE 23.11
P/S 3.48
P/FCF 22.41
P/OCF 10.61
P/B 4.41
P/tB 18.78
EV/EBITDA 10.66
EPS(TTM)0.76
EY3.28%
EPS(NY)1
Fwd EY4.33%
FCF(TTM)1.04
FCFY4.46%
OCF(TTM)2.19
OCFY9.42%
SpS6.67
BVpS5.27
TBVpS1.24
PEG (NY)5.33
PEG (5Y)0.49
Graham Number9.49
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 3.37
F-Score5
WACC7.56%
ROIC/WACC1.07
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 5Y20.06%
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.