DTS Corporation

DB:DA9 Stock Report

Market Cap: €1.1b

DTS Valuation

Is DA9 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of DA9 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: DA9 (€25.4) is trading below our estimate of fair value (€31.04)

Significantly Below Fair Value: DA9 is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for DA9?

Key metric: As DA9 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for DA9. This is calculated by dividing DA9's market cap by their current earnings.
What is DA9's PE Ratio?
PE Ratio22.7x
EarningsJP¥7.61b
Market CapJP¥172.50b

Price to Earnings Ratio vs Peers

How does DA9's PE Ratio compare to its peers?

The above table shows the PE ratio for DA9 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average20.2x
SANT Kontron
12.4x19.1%€1.1b
NA9 Nagarro
24.5x17.1%€1.3b
COK Cancom
18.1x1.1%€729.9m
YSN secunet Security Networks
26x8.5%€718.1m
DA9 DTS
22.7x12.4%€172.5b

Price-To-Earnings vs Peers: DA9 is expensive based on its Price-To-Earnings Ratio (22.7x) compared to the peer average (20.2x).

Price to Earnings Ratio vs Industry

How does DA9's PE Ratio compare vs other companies in the DE IT Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
DA9 22.7xIndustry Avg. 17.7xNo. of Companies4PE01224364860+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: DA9 is expensive based on its Price-To-Earnings Ratio (22.7x) compared to the European IT industry average (17.9x).

Price to Earnings Ratio vs Fair Ratio

What is DA9's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

DA9 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio22.7x
Fair PE Ratio22.9x

Price-To-Earnings vs Fair Ratio: DA9 is good value based on its Price-To-Earnings Ratio (22.7x) compared to the estimated Fair Price-To-Earnings Ratio (22.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst DA9 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€25.40
€27.59
+8.6%
10.7%€31.77€25.35n/a3
Nov ’25€23.40
€27.66
+18.2%
10.7%€31.85€25.42n/a3
Oct ’25€25.40
€26.57
+4.6%
15.4%€32.00€22.16n/a3
Sep ’25€25.20
€26.57
+5.4%
15.4%€32.00€22.16n/a3
Aug ’25€25.60
€25.64
+0.2%
15.4%€30.89€21.38n/a3
Jul ’25€23.80
€25.64
+7.7%
15.4%€30.89€21.38n/a3
Jun ’25€23.80
€25.80
+8.4%
15.4%€31.08€21.52n/a3
May ’25€25.00
€25.80
+3.2%
15.4%€31.08€21.52n/a3
Apr ’25€23.40
€26.89
+14.9%
15.4%€32.39€22.42n/a3
Mar ’25€23.60
€25.58
+8.4%
18.2%€32.19€22.28n/a3
Feb ’25€22.20
€25.22
+13.6%
14.1%€30.26€22.70n/a3
Jan ’25€22.00
€25.22
+14.6%
14.1%€30.26€22.70n/a3
Dec ’24€21.20
€24.70
+16.5%
14.1%€29.64€22.23n/a3
Nov ’24€18.80
€24.87
+32.3%
12.0%€29.08€22.76€23.403
Oct ’24€19.70
€24.87
+26.2%
12.0%€29.08€22.76€25.403
Sep ’24€20.20
€24.27
+20.1%
15.0%€29.25€20.66€25.203
Aug ’24€20.60
€24.27
+17.8%
15.0%€29.25€20.66€25.603
Jul ’24€20.80
€24.71
+18.8%
17.6%€30.86€21.47€23.803
Jun ’24€23.80
€24.71
+3.8%
17.6%€30.86€21.47€23.803
May ’24€21.00
€25.67
+22.2%
15.3%€31.23€22.71€25.003
Apr ’24€21.60
€25.67
+18.8%
15.3%€31.23€22.71€23.403
Mar ’24€21.40
€25.52
+19.2%
14.3%€30.62€22.27€23.603
Feb ’24€21.60
€27.00
+25.0%
19.8%€34.52€22.54€22.203
Jan ’24€20.60
€27.00
+31.1%
19.8%€34.52€22.54€22.003
Dec ’23€22.60
€29.30
+29.7%
11.3%€33.92€26.30€21.203
Nov ’23€23.20
€29.30
+26.3%
11.3%€33.92€26.30€18.803

Analyst Forecast: Target price is less than 20% higher than the current share price.

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