Good start and prospects for the current year
Digital Workforce's Q1 was better than expected, and the company's early year orders and comments boost confidence for the rest of the year. So, the turnaround seems to be progressing well, although it is still in its early stages. We expect growth to pick up slightly in the coming years, but to remain below target and historical levels. We also expect growth to scale well into profitability. Our outlook for the stock's valuation profile (2024e EV/S 0.9x, SOTP EUR 4.2) and slightly lower risk profile remain positive.
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 Figures05.05
2023 | 24e | 25e | |
---|---|---|---|
Revenue | 24.9 | 26.6 | 28.9 |
growth-% | -2.16 % | 6.77 % | 8.44 % |
EBIT (adj.) | -0.0 | 1.0 | 1.9 |
EBIT-% (adj.) | -0.16 % | 3.88 % | 6.53 % |
EPS (adj.) | 0.01 | 0.10 | 0.17 |
Dividend | 0.00 | 0.00 | 0.00 |
Dividend % | |||
P/E (adj.) | 375.03 | 35.91 | 22.09 |
EV/EBITDA | - | 18.75 | 11.68 |