Digital Workforce Services Oyj

DB:DQ4 Stock Report

Market Cap: €41.1m

Digital Workforce Services Oyj Valuation

Is DQ4 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-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of DQ4 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: DQ4 (€3.7) is trading below our estimate of fair value (€9.83)

Significantly Below Fair Value: DQ4 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for DQ4?

Key metric: As DQ4 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for DQ4. This is calculated by dividing DQ4's market cap by their current revenue.
What is DQ4's PS Ratio?
PS Ratio1.6x
Sales€26.10m
Market Cap€41.06m

Price to Sales Ratio vs Peers

How does DQ4's PS Ratio compare to its peers?

The above table shows the PS ratio for DQ4 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.9x
KSC KPS
0.2x2.9%€31.9m
OBS ORBIS
0.4x4.0%€56.3m
3ITN audius
0.8x7.6%€61.3m
NIII niiio finance group
2.2xn/a€21.9m
DQ4 Digital Workforce Services Oyj
1.6x13.3%€41.1m

Price-To-Sales vs Peers: DQ4 is expensive based on its Price-To-Sales Ratio (1.6x) compared to the peer average (0.9x).

Price to Sales Ratio vs Industry

How does DQ4's PS Ratio compare vs other companies in the DE IT Industry?

1 CompanyPrice / SalesEstimated GrowthMarket Cap
ASKN asknet Solutions
0.01x20.1%US$984.32k
No more companies available in this PS range
DQ4 1.6xIndustry Avg. 0.7xNo. of Companies6PS00.61.21.82.43+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: DQ4 is expensive based on its Price-To-Sales Ratio (1.6x) compared to the German IT industry average (0.7x).

Price to Sales Ratio vs Fair Ratio

What is DQ4's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

DQ4 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.6x
Fair PS Ratio0.6x

Price-To-Sales vs Fair Ratio: DQ4 is expensive based on its Price-To-Sales Ratio (1.6x) compared to the estimated Fair Price-To-Sales Ratio (0.6x).

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 DQ4 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€3.70
€5.20
+40.5%
9.6%€5.70€4.70n/a2
Nov ’25€3.82
€5.20
+36.1%
9.6%€5.70€4.70n/a2
Oct ’25€3.94
€5.00
+26.9%
6.0%€5.30€4.70n/a2
Sep ’25€4.03
€5.00
+24.1%
6.0%€5.30€4.70n/a2
Aug ’25€4.07
€4.15
+2.0%
18.1%€4.90€3.40n/a2
Jul ’25€4.51
€4.15
-8.0%
18.1%€4.90€3.40n/a2
Jun ’25€4.33
€4.15
-4.2%
18.1%€4.90€3.40n/a2
May ’25€3.33
€3.90
+17.1%
12.8%€4.40€3.40n/a2
Apr ’25€2.82
€4.10
+45.4%
7.3%€4.40€3.80n/a2
Mar ’25€2.90
€4.10
+41.4%
7.3%€4.40€3.80n/a2
Feb ’25€3.47
€4.95
+42.7%
11.1%€5.50€4.40n/a2
Jan ’25€3.01
€4.95
+64.5%
11.1%€5.50€4.40n/a2
Dec ’24€3.04
€4.95
+62.8%
11.1%€5.50€4.40n/a2
Nov ’24€3.41
€5.35
+56.9%
2.8%€5.50€5.20€3.822
Oct ’24€3.59
€5.35
+49.0%
2.8%€5.50€5.20€3.942
Sep ’24€4.32
€5.35
+23.8%
2.8%€5.50€5.20€4.032
Aug ’24€4.15
€5.75
+38.6%
4.3%€6.00€5.50€4.072
Jul ’24€4.90
€5.75
+17.3%
4.3%€6.00€5.50€4.512
Jun ’24€4.38
€5.75
+31.3%
4.3%€6.00€5.50€4.332
May ’24€4.89
€5.75
+17.6%
4.3%€6.00€5.50€3.332
Apr ’24€4.71
€5.75
+22.2%
4.3%€6.00€5.50€2.822
Mar ’24€4.47
€5.75
+28.8%
4.3%€6.00€5.50€2.902
Feb ’24€4.07
€5.00
+22.9%
10.0%€5.50€4.50€3.472
Jan ’24€3.88
€5.00
+28.9%
10.0%€5.50€4.50€3.012
Dec ’23€3.60
€5.00
+39.1%
10.0%€5.50€4.50€3.042
Nov ’23€3.12
€5.00
+60.5%
10.0%€5.50€4.50€3.412

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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