Digital Workforce Services Oyj

HLSE:DWF Stock Report

Market Cap: €44.6m

Digital Workforce Services Oyj Valuation

Is DWF 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 DWF when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
€7.86
Fair Value
49.1% undervalued intrinsic discount
2
Number of Analysts

Below Fair Value: DWF (€4) is trading below our estimate of fair value (€7.86)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for DWF. This is calculated by dividing DWF's market cap by their current revenue.
What is DWF's PS Ratio?
PS Ratio1.7x
Sales€26.10m
Market Cap€44.63m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for DWF vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.7x
SIILI Siili Solutions Oyj
0.4x3.7%€49.0m
NETUM Netum Group Oyj
0.8x4.6%€35.1m
WITTED Witted Megacorp Oyj
0.4x3.4%€23.1m
DIGIA Digia Oyj
0.9x2.1%€182.6m
DWF Digital Workforce Services Oyj
1.7x13.3%€44.6m

Price-To-Sales vs Peers: DWF is expensive based on its Price-To-Sales Ratio (1.7x) compared to the peer average (0.7x).

Price to Sales Ratio vs Industry

How does DWF's PS Ratio compare vs other companies in the European IT Industry?

12 CompaniesPrice / SalesEstimated GrowthMarket Cap
DWF 1.7xIndustry Avg. 0.9xNo. of Companies26PS00.61.21.82.43+
12 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: DWF is expensive based on its Price-To-Sales Ratio (1.7x) compared to the European IT industry average (0.9x).

Price to Sales Ratio vs Fair Ratio

What is DWF'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.

DWF PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.7x
Fair PS Ratio0.8x

Price-To-Sales vs Fair Ratio: DWF is expensive based on its Price-To-Sales Ratio (1.7x) compared to the estimated Fair Price-To-Sales Ratio (0.8x).

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 DWF forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€4.00
€5.20
+30.0%
9.6%€5.70€4.70n/a2
Feb ’26€3.90
€5.20
+33.3%
9.6%€5.70€4.70n/a2
Jan ’26€4.00
€5.20
+30.0%
9.6%€5.70€4.70n/a2
Dec ’25€3.62
€5.20
+43.6%
9.6%€5.70€4.70n/a2
Nov ’25€3.98
€5.20
+30.7%
9.6%€5.70€4.70n/a2
Oct ’25€4.16
€5.00
+20.2%
6.0%€5.30€4.70n/a2
Sep ’25€4.04
€5.00
+23.8%
6.0%€5.30€4.70n/a2
Aug ’25€4.20
€4.15
-1.2%
18.1%€4.90€3.40n/a2
Jul ’25€4.42
€4.15
-6.1%
18.1%€4.90€3.40n/a2
Jun ’25€4.50
€4.15
-7.8%
18.1%€4.90€3.40n/a2
May ’25€3.30
€3.90
+18.2%
12.8%€4.40€3.40n/a2
Apr ’25€2.76
€4.10
+48.6%
7.3%€4.40€3.80n/a2
Mar ’25€2.94
€4.10
+39.5%
7.3%€4.40€3.80n/a2
Feb ’25€3.40
€4.95
+45.6%
11.1%€5.50€4.40€3.902
Jan ’25€3.02
€4.95
+63.9%
11.1%€5.50€4.40€4.002
Dec ’24€3.09
€4.95
+60.2%
11.1%€5.50€4.40€3.622
Nov ’24€3.49
€5.35
+53.3%
2.8%€5.50€5.20€3.982
Oct ’24€3.52
€5.35
+52.0%
2.8%€5.50€5.20€4.162
Sep ’24€4.36
€5.35
+22.7%
2.8%€5.50€5.20€4.042
Aug ’24€4.19
€5.75
+37.2%
4.3%€6.00€5.50€4.202
Jul ’24€4.86
€5.75
+18.3%
4.3%€6.00€5.50€4.422
Jun ’24€4.69
€5.75
+22.6%
4.3%€6.00€5.50€4.502
May ’24€4.81
€5.75
+19.5%
4.3%€6.00€5.50€3.302
Apr ’24€4.80
€5.75
+19.8%
4.3%€6.00€5.50€2.762
Mar ’24€4.68
€5.75
+22.9%
4.3%€6.00€5.50€2.942
Feb ’24€4.18
€5.00
+19.8%
10.0%€5.50€4.50€3.402
Analyst Price Target
Consensus Narrative from 2 Analysts
€5.20
Fair Value
23.1% undervalued intrinsic discount
2
Number of Analysts

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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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/15 17:04
End of Day Share Price 2025/02/14 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Digital Workforce Services Oyj is covered by 4 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Panu LaitinmäkiDanske Bank
Daniel LepistöDanske Bank
Marianne PalmuInderes Oy