Digital Workforce: A clear turn is expected compared to H2
The big picture of Digital Workforce's H2 was already known and revenue decreased clearly and the result was slightly in the red. However, the company was confident in the current year and guided that revenue and earnings would grow. In our view, however, the challenging market brings clear uncertainty to the turnaround. In addition, the company’s strategically important OutSmart platform and growth markets are still in a relatively early stage and require more proof to rely more on the attractive long-term growth story. With our forecasts, the stock's valuation picture (2024e EV/S 0.8x, SOTP EUR 3.6) supports caution in the short term.
Digital Workforce
Digital Workforce is a service provider that specializes in process automation services on an industrial scale. The company's service offering covers the entire life cycle of intelligent automation: design and consulting, development and deployment, cloud-based platform, support and maintenance, and further development. The company offers services and solutions to a wide range of customers in various industries, including finance, healthcare, industry, logistics, and various public actors.
Read more on company pageKey Estimate Figures28.02
2023 | 24e | 25e | |
---|---|---|---|
Revenue | 24.9 | 25.6 | 27.8 |
growth-% | -2.16 % | 2.89 % | 8.51 % |
EBIT (adj.) | -0.0 | 0.5 | 1.7 |
EBIT-% (adj.) | -0.16 % | 2.14 % | 5.95 % |
EPS (adj.) | 0.01 | 0.06 | 0.15 |
Dividend | 0.00 | 0.00 | 0.00 |
Dividend % | |||
P/E (adj.) | 375.03 | 62.66 | 25.68 |
EV/EBITDA | - | 38.45 | 14.53 |