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 is an IT consulting company. The company specializes in system integration, web analytics, and internal processes that affect efficiency and decision management. The company's services are used in a number of sectors, from the financial sector to the grocery retail and energy sector. The largest operations are found in the Nordic market. The headquarters are located in Helsinki.
Read more on company pageKey Estimate Figures09.02.2022
| 2021 | 22e | 23e | |
|---|---|---|---|
| Revenue | 155.9 | 163.8 | 172.0 |
| growth-% | 12.1 % | 5.1 % | 5.0 % |
| EBIT (adj.) | 17.7 | 18.0 | 19.3 |
| EBIT-% (adj.) | 11.3 % | 11.0 % | 11.2 % |
| EPS (adj.) | 0.55 | 0.55 | 0.59 |
| Dividend | 0.17 | 0.20 | 0.23 |
| Dividend % | 2.4 % | 3.4 % | 3.9 % |
| P/E (adj.) | 12.7 | 10.7 | 9.9 |
| EV/EBITDA | 9.0 | 7.4 | 6.4 |
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