Buy Or Sell Opportunity • Jun 05
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 25% to €25.90. The fair value is estimated to be €21.37, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.8% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings are also forecast to grow by 20% per annum over the same time period. Recent Insider Transactions • Jun 02
Executive Chairman recently sold €3.5m worth of stock On the 27th of May, Giandomenico Sica sold around 150k shares on-market at roughly €23.00 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Giandomenico's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €26.50, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 14x in the IT industry in Italy. Total returns to shareholders of 71% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €22.09 per share. Announcement • Apr 16
Dominion Hosting Holding S.p.A., Annual General Meeting, Apr 29, 2026 Dominion Hosting Holding S.p.A., Annual General Meeting, Apr 29, 2026, at 15:00 W. Europe Standard Time. Reported Earnings • Apr 16
Full year 2025 earnings released: EPS: €0.89 (vs €0.75 in FY 2024) Full year 2025 results: EPS: €0.89 (up from €0.75 in FY 2024). Revenue: €41.8m (up 13% from FY 2024). Net income: €4.46m (up 22% from FY 2024). Profit margin: 11% (in line with FY 2024). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the IT industry in Italy. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 12% per year. Buy Or Sell Opportunity • Apr 13
Now 21% overvalued Over the last 90 days, the stock has fallen 8.2% to €22.50. The fair value is estimated to be €18.67, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 17%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 16% per annum over the same time period. Buy Or Sell Opportunity • Mar 27
Now 23% overvalued The stock has been flat over the last 90 days, currently trading at €23.00. The fair value is estimated to be €18.69, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 17%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 16% per annum over the same time period. Announcement • Dec 20
Dominion Hosting Holding S.p.A. has completed a Follow-on Equity Offering in the amount of €8.163068 million. Dominion Hosting Holding S.p.A. has completed a Follow-on Equity Offering in the amount of €8.163068 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 354,916
Price\Range: €23
Transaction Features: Regulation S; Subsequent Direct Listing New Risk • Nov 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 5.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Sep 29
First half 2025 earnings released: EPS: €0.45 (vs €0.41 in 1H 2024) First half 2025 results: EPS: €0.45 (up from €0.41 in 1H 2024). Revenue: €20.1m (up 9.3% from 1H 2024). Net income: €2.14m (up 8.1% from 1H 2024). Profit margin: 11% (in line with 1H 2024). Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the IT industry in Italy. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 18% per year. Valuation Update With 7 Day Price Move • Sep 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €24.90, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 15x in the IT industry in Italy. Total returns to shareholders of 61% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €16.72 per share. Buy Or Sell Opportunity • Aug 08
Now 20% overvalued The stock has been flat over the last 90 days, currently trading at €20.10. The fair value is estimated to be €16.68, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 9.6% per annum. Earnings are also forecast to grow by 17% per annum over the same time period. Announcement • Jul 16
Dominion Hosting Holding S.p.A. (BIT:DHH) acquired remaining 40% stake in Evolink AD for €2.3 million. Dominion Hosting Holding S.p.A. (BIT:DHH) acquired remaining 40% stake in Evolink AD for €2.3 million on July 15, 2025. A cash consideration of €2.25 million will be paid by Dominion Hosting Holding S.p.A. As part of consideration, €2.25 million is paid towards common equity of Evolink AD. With the completion of this acquisition, DHH now owns 100% of Evolink AD. Following the successful integration of the company into the group, Svetoslav Hristov (President) and Bisser Tzonev (Chief Executive Officer) will continue to serve in their respective roles at Evolink and remain valued partners within the DHH Group.
Dominion Hosting Holding S.p.A. (BIT:DHH) completed the acquisition of remaining 40% stake in Evolink AD for €2.3 million on July 15, 2025. Buy Or Sell Opportunity • Jun 13
Now 24% overvalued Over the last 90 days, the stock has fallen 7.3% to €20.40. The fair value is estimated to be €16.43, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 9.7% per annum. Earnings are also forecast to grow by 17% per annum over the same time period. Announcement • Apr 17
Dominion Hosting Holding S.p.A. (BIT:DHH) acquired 60% stake in Teknonet Srl for €5.6 million. Dominion Hosting Holding S.p.A. (BIT:DHH) acquired 60% stake in Teknonet Srl for €5.6 million on April 16, 2025. The total value of the operation amounted to €5.6 million, including the costs related to the transaction. The purchase price for the acquisition of 60% has been paid entirely in cash throught a credit line with a primary bank institution. The results of Teknonet will be fully consolidated in DHH’s financial statements starting from April 2025. Dominion Hosting Holding S.p.A. (BIT:DHH) also signed shareholders’ agreements through which it acquired the option right to purchase an additional 40% of the share capital within 90 days from the approval of the financial statements for the year 2026.
For the period ending December 31, 2024, Teknonet Srl reported total revenue of €4.2 million, net income of €643, EBITDA of €923 and €1.8 million in net cash.
Thymos Business & Consulting S.R.L. acted as financial advisor for Dominion Hosting Holding S.p.A.
Dominion Hosting Holding S.p.A. (BIT:DHH) completed the acquisition of 60% stake in Teknonet Srl on April 16, 2025. Reported Earnings • Apr 16
Full year 2024 earnings released Full year 2024 results: Revenue: €36.9m (up 6.7% from FY 2023). Net income: €3.61m (up 63% from FY 2023). Profit margin: 9.8% (up from 6.4% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the IT industry in Italy. Announcement • Apr 09
Dominion Hosting Holding S.p.A., Annual General Meeting, Apr 29, 2025 Dominion Hosting Holding S.p.A., Annual General Meeting, Apr 29, 2025, at 14:30 W. Europe Standard Time. Reported Earnings • Sep 25
First half 2024 earnings released: EPS: €0.41 (vs €0.29 in 1H 2023) First half 2024 results: EPS: €0.41 (up from €0.29 in 1H 2023). Revenue: €18.4m (up 7.8% from 1H 2023). Net income: €1.98m (up 41% from 1H 2023). Profit margin: 11% (up from 8.2% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the IT industry in Italy. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment improves as stock rises 12% After last week's 12% share price gain to €23.60, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 20x in the IT industry in Italy. Total returns to shareholders of 53% over the past three years. New Risk • Jun 13
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (4.2% increase in shares outstanding). Price Target Changed • Jun 13
Price target increased by 19% to €27.00 Up from €22.60, the current price target is provided by 1 analyst. New target price is 14% above last closing price of €23.60. Stock is up 57% over the past year. The company is forecast to post earnings per share of €0.84 for next year compared to €0.69 last year. Valuation Update With 7 Day Price Move • May 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €17.90, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 19x in the IT industry in Italy. Total returns to shareholders of 21% over the past three years. New Risk • Apr 15
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 24% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (€76.3m market cap, or US$81.1m). Reported Earnings • Mar 24
Full year 2023 earnings released Full year 2023 results: Revenue: €34.6m (up 17% from FY 2022). Net income: €2.21m (down 15% from FY 2022). Profit margin: 6.4% (down from 8.8% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 10% growth forecast for the IT industry in Italy. Buy Or Sell Opportunity • Jan 27
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 8.1% to €14.70. The fair value is estimated to be €11.70, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 47% over the last 3 years. Earnings per share has grown by 19%. Revenue is forecast to grow by 22% in 2 years. Earnings are forecast to grow by 81% in the next 2 years. Reported Earnings • Sep 25
First half 2023 earnings released First half 2023 results: Revenue: €17.1m (up 38% from 1H 2022). Net income: €297.5k (down 76% from 1H 2022). Profit margin: 1.7% (down from 9.8% in 1H 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the IT industry in Italy. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 24
Full year 2022 earnings released Full year 2022 results: Revenue: €29.6m (up 50% from FY 2021). Net income: €743.1k (down 77% from FY 2021). Profit margin: 2.5% (down from 16% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the IT industry in Italy. Buying Opportunity • Jan 03
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 4.5%. The fair value is estimated to be €18.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 48% over the last 3 years. Earnings per share has grown by 67%. Revenue is forecast to grow by 60% in 2 years. Earnings is forecast to grow by 84% in the next 2 years. Price Target Changed • Nov 16
Price target decreased to €20.20 Down from €22.10, the current price target is provided by 1 analyst. New target price is 36% above last closing price of €14.90. Stock is down 7.5% over the past year. The company is forecast to post earnings per share of €0.57 for next year compared to €0.67 last year. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Guido Busato was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Major Estimate Revision • Oct 06
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from €0.65 to €0.57. Revenue forecast unchanged from €28.3m at last update. Net income forecast to grow 45% next year vs 83% growth forecast for IT industry in Italy. Consensus price target down from €22.10 to €20.20. Share price rose 2.7% to €15.45 over the past week. Reported Earnings • Oct 02
First half 2022 earnings released: EPS: €0.26 (vs €0.46 in 1H 2021) First half 2022 results: EPS: €0.26 (down from €0.46 in 1H 2021). Revenue: €12.4m (up 28% from 1H 2021). Net income: €1.21m (down 42% from 1H 2021). Profit margin: 9.8% (down from 22% in 1H 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the IT industry in Italy. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 01
Investor sentiment improved over the past week After last week's 15% share price gain to €16.00, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 22x in the IT industry in Italy. Total returns to shareholders of 233% over the past three years. Announcement • Jul 29
Dominion Hosting Holding S.p.A. (BIT:DHH) acquired 69.15% stake in Connesi S.P.A. from Massimo Bartolini, Inarco Ammenti, Raffaele Casali and Fabbrica Multimediale S.R.L. for €5.51 million. Dominion Hosting Holding S.p.A. (BIT:DHH) acquired 69.15% stake in Connesi S.P.A. from Massimo Bartolini, Inarco Ammenti, Raffaele Casali and Fabbrica Multimediale S.R.L. for €5.51 million on July 28, 2022. The purchase price for the acquisition of 69.15% has been paid entirely in cash through a structured finance transaction with Intesa Sanpaolo SpA as arranger and lending bank for a total of €13.86 million. Dominion signed shareholder's agreements through which it acquired the option right to purchase an additional 18.35% of the share capital within 90 days from the approval of the financial statements for the year 2025. In 2021, Connesi reported a turnover of €5.5 million, EBITDA of €1.1 million and Net Profit of €0.1 million. Paolo Verna of EnVent Capital Markets acted as financial advisor to Dominion.Dominion Hosting Holding S.p.A. (BIT:DHH) completed the acquisition of 69.15% stake in Connesi S.P.A. from Massimo Bartolini, Inarco Ammenti, Raffaele Casali and Fabbrica Multimediale S.R.L. on July 28, 2022. Price Target Changed • Apr 27
Price target decreased to €22.10 Down from €24.00, the current price target is provided by 1 analyst. New target price is 36% above last closing price of €16.30. Stock is up 10% over the past year. The company is forecast to post earnings per share of €0.64 for next year compared to €0.67 last year. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Guido Busato was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 17
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: €0.68 (up from €0.31 in FY 2020). Revenue: €19.8m (up 112% from FY 2020). Net income: €3.19m (up 421% from FY 2020). Profit margin: 16% (up from 6.6% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 28%, compared to a 14% growth forecast for the industry in Italy. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. Price Target Changed • Apr 01
Price target decreased to €22.10 Down from €24.00, the current price target is provided by 1 analyst. New target price is 34% above last closing price of €16.50. Stock is up 20% over the past year. The company is forecast to post earnings per share of €0.75 for next year compared to €0.31 last year. Announcement • Nov 25
Dominion Hosting Holding S.p.A. (BIT:DHH) singed a binding agreement to acquire 60% stake in Evolink AD for €2.5 million. Dominion Hosting Holding S.p.A. (BIT:DHH) singed a binding agreement to acquire 60% stake in Evolink AD for €2.5 million on November 23, 2021. Dominion Hosting will also acquire the remaining 40% stake in Evolink within 90 days from the approval of the financial statements for the year 2024. Dominion Hosting plans to keep Evolink as an independent company within the group. Bisser Sergiev Tzonev and Svetoslav Georgiev Hristov have been confirmed as executive directors of Evolink. Completion of the transaction is expected on November 30, 2021. Recent Insider Transactions • Nov 07
MD, CSO & Director recently sold €155k worth of stock On the 4th of November, Uroš Cimžar sold around 10k shares on-market at roughly €15.50 per share. This was the largest sale by an insider in the last 3 months. This was Uroš's only on-market trade for the last 12 months. Reported Earnings • Oct 01
First half 2021 earnings released: EPS €0.46 (vs €0.14 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €9.62m (up 159% from 1H 2020). Net income: €2.09m (up €1.88m from 1H 2020). Profit margin: 22% (up from 5.8% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Price Target Changed • Apr 01
Price target increased to €20.40 Up from €18.50, the current price target is provided by 1 analyst. New target price is 46% above last closing price of €14.00. Stock is up 130% over the past year. Reported Earnings • Mar 30
Full year 2020 earnings released The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €9.35m (up 37% from FY 2019). Net income: €612.7k (up €513.0k from FY 2019). Profit margin: 6.6% (up from 1.5% in FY 2019). The increase in margin was driven by higher revenue. Is New 90 Day High Low • Mar 16
New 90-day high: €11.80 The company is up 13% from a price of €10.40 on 16 December 2020. Outperformed the Italian market which is up 10.0% over the last 90 days. Exceeded the IT industry, which is down 4.0% over the same period. Is New 90 Day High Low • Oct 01
New 90-day high: €13.00 The company is up 49% from its price of €8.75 on 03 July 2020. The Italian market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 12% over the same period. Reported Earnings • Oct 01
First half earnings released Over the last 12 months the company has reported total profits of €266.2k, up 487% from the prior year. Total revenue was €7.15m over the last 12 months, up 9.6% from the prior year.