Digital Network S.A. (DIG) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Digital Network S.A. stock PLN 273, price PLN 292, that is 6.5% below the price, quality 54 out of 100. Rating: fairly valued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range 4.31 PLN – 423.40 PLN · fair‑value band 160.84 PLN – 355.16 PLN · the 292.20 PLN price screens above the 273.21 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Nov 8, 2026.
Follow Digital Network in your weekly email
Every Wednesday you see whether Digital Network is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Digital Network SA, together with its subsidiaries, engages in media and advertising business in Poland and internationally. The company provides digital outdoor advertising services; and consulting services. It also provides digital content created by naEkranie.pl website.
Show moreShow less
In addition, the company engages in the distribution, support, and marketing of thematic TV channels, as well as marketing and promotional activities for customers. Digital Network SA was formerly known as 4fun Media S.A. and changed its name to Digital Network SA in April 2022.
The company was incorporated in 2005 and is based in Warsaw, Poland. Digital Network SA operates as a subsidiary of Epicom Ltd.
Stock analysis
Digital Network S.A. (DIG) currently trades at 292.20 PLN, while our model-based Fair Value estimate is 273.21 PLN, so the stock looks roughly fairly valued today (gap 7.0%).
Show more
Valuation
Bull case: the DCF Models group reads highest at a median of 246.64 PLN per share, and 1 of the 24 models we run sit above the 292.20 PLN price.
Bear case: the Dividend Discount group reads lowest at 36.32 PLN, and 23 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: 160.84 PLN (bear) to 355.16 PLN (bull), the price of 292.20 PLN sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 54/100 (solid quality), in the Communication Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Digital Network S.A. reported revenue of 113M PLN in FY2025 versus 32.1M PLN in FY2021, a compound +37.0%/yr. Reported net income was 37.6M PLN in FY2025, compounding +46.8%/yr from FY2021.
Key figures
Market cap 1.5B PLN (≈ $369M) Small · P/E ratio 27.8 · P/S ratio 8.08 · EPS (TTM) 10.50 PLN · Dividend yield 1.7% · Net margin 25.0% · Return on equity 55.4% · Return on assets (EBIT) 20.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 85 out of 100 (low confidence).
What moves the price
The share trades about 31% below its 52-week high and 182% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 10% fair-value upside, at −7%, DIG screens richer than that median.
Fair Value models
Bear160.84 PLNFair Value 273.21 PLNBull355.16 PLN
Price 292.20 PLN · Downside -6.5%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (4.72 PLN per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
FCF DCF141.37 PLN229.22 PLN455.64 PLN76
Growth DCF134.65 PLN245.88 PLN435.19 PLN75
EPV71.10 PLN81.56 PLN90.35 PLN74
All 24 models by family
DCF Models
FCF DCF141.37 PLN229.22 PLN455.64 PLN76
Owner Earnings134.93 PLN281.30 PLN553.48 PLN72
5Y Revenue Exit79.95 PLN133.76 PLN227.21 PLN70
5Y EBITDA Exit129.34 PLN241.98 PLN430.50 PLN72
5Y P/E Exit131.97 PLN262.90 PLN427.84 PLN68
10Y Revenue Exit97.83 PLN166.53 PLN247.80 PLN66
10Y EBITDA Exit131.79 PLN251.29 PLN460.28 PLN65
10Y P/E Exit133.51 PLN255.81 PLN457.93 PLN61
Earnings-Based
Graham-Dodd56.02 PLN378.09 PLN529.85 PLN63
Lynch FV110.83 PLN158.33 PLN205.83 PLN61
PEG = 1.0110.83 PLN158.33 PLN205.83 PLN57
EPV71.10 PLN81.56 PLN90.35 PLN74
Dividend Discount
Gordon GGM20.70 PLN38.19 PLN53.67 PLN67
DDM Multi-Stage20.70 PLN34.45 PLN40.69 PLN67
Multiples
P/E Multiple135.92 PLN181.23 PLN226.54 PLN63
P/S Multiple64.92 PLN86.56 PLN108.20 PLN58
EV/EBIT121.45 PLN165.70 PLN209.95 PLN66
EV/EBITDA120.56 PLN164.51 PLN208.47 PLN67
EV/Revenue40.64 PLN62.89 PLN85.15 PLN53
Growth DCF
Growth DCF134.65 PLN245.88 PLN435.19 PLN75
Rev-Margin DCF79.95 PLN139.82 PLN227.29 PLN71
Economic Profit
Residual Income46.39 PLN71.66 PLN167.45 PLN69
ROIC Compounder84.27 PLN113.16 PLN149.30 PLN72
Growth Earnings
Growth-Adj P/E156.70 PLN223.86 PLN291.01 PLN67
The fair value above starts from this blend and is adjusted for dilution from new shares.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+51.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+32.6%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+33.9%
Start year 2020 (pandemic). Over 10 years: +16.4% a year
Revenue growth 18 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+11.5%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+49.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+48.2%
Dividend (yield on the price)1.7%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.36.0% vs 33.2%, steady
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.12% → 45%
2025 sits 76% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+20.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Poland: IMF forecast 3.1% a year to 2030, 4.6% from 2016 to 2025) that is about +16.9% a year for the price.
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Advertising Agencies · 170 stocks
Beats the industry median on 5/13 measures
Overall it trails its industry peers.
Valuation
Quality Score54 · Below median
Fair Value upside−6.5% · Below median
Profitability
Return on equity (12 months)55.4% · Top 25%
Return on assets10.3% · Top 25%
Net margin (12 months)25.0% · Top 25%
Operating margin (12 months)41.9% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)197.1% · Top 25%
Dividend yield (12 months)1.7% · Below median
Balance sheet
Debt / equity0.35× · Highest 25%
Valuation Multiplesvs Advertising Agencies median · lower = cheaper
P/E (12 months)27.8× · Pricier than median
P/B13.82× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Digital Network S.A. (DIG) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 273.21 PLN versus a price of 292.20 PLN, about 7% lower (fairly valued).
What is the fair value of DIG?
Our model-based fair value for Digital Network S.A. is 273.21 PLN (as of Nov 8, 2026), built from audited fundamentals. The current price: 292.20 PLN.
What is the quality score of DIG?
Digital Network S.A. has a Quality Score of 54/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Digital Network S.A. (DIG)?
Our model-based price target is the fair value of 273.21 PLN (as of Nov 8, 2026) from 24 valuation models. Cautious scenario 160.84 PLN, optimistic scenario 355.16 PLN. It is a calculation from audited fundamentals, not an analyst target.
What is the Digital Network S.A. stock forecast for 2026?
Our models put fair value at 273.21 PLN, about 7% lower versus a price of 292.20 PLN (fairly valued). Cautious scenario 160.84 PLN, optimistic scenario 355.16 PLN. The calculation is refreshed regularly with new filings.
What is the revenue of Digital Network S.A. (DIG)?
Digital Network S.A. reported trailing-twelve-month revenue of about 181M PLN (latest available figure, as of Nov 8, 2026).
Does Digital Network S.A. pay a dividend?
Digital Network S.A. currently shows a dividend yield of 1.71% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Digital Network S.A. (DIG) and when is the ex-dividend date?
Digital Network S.A. pays a dividend of 5.00 PLN per share a year, a dividend yield of 1.7%. The last ex-dividend date was Aug 28, 2026. The payout ratio is 47.6% of earnings. Free cash flow covers the dividend 2.09 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Digital Network S.A. (DIG)?
For today's price to be fair in a discounted-cash-flow model, Digital Network S.A. would have to grow free cash flow by +20.5 % per year for five years (discount rate 10.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +33.9 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of DIG use?
Our models discount Digital Network S.A. at 10.6 %: a base by market capitalisation (small), damped by beta 0.34, country premium for Poland. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Digital Network S.A. that is +20.5 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.6 %) and the same formula as our fair value.
How much growth has Digital Network S.A. (DIG) delivered so far?
Over the past 5 years revenue at Digital Network S.A. grew +33.9 % a year. The price currently implies free-cash-flow growth of +20.5 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Digital Network S.A. (DIG) growing?
The median revenue growth in the sector is +3.8 % a year. That is the yardstick for the growth priced into Digital Network S.A. (+20.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Digital Network S.A. (DIG)?
The free-cash-flow yield on the price is 3.27 %: that much free cash flow Digital Network S.A. produces per unit of market value. When it exceeds the discount rate of our models (10.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Digital Network S.A. (DIG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Digital Network S.A. it is 273.21 PLN per share (as of Nov 8, 2026), against a price of 292.20 PLN. It is the blended result of 24 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Growth DCF, Economic Profit, Growth Earnings).
Is Digital Network S.A. stock overvalued or undervalued in 2026?
As of Nov 8, 2026, DIG trades above its calculated fair value: price 292.20 PLN, fair value 273.21 PLN, a gap of about −7% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of DIG?
No. The price is what the market pays today (292.20 PLN); the fair value is what the company's own numbers justify (273.21 PLN). For Digital Network S.A. the two are 18.99 PLN per share apart. That gap is exactly why we show both numbers side by side.
How much is Digital Network S.A. worth?
The market values Digital Network S.A. at about 1.5B PLN (market capitalisation, as of Nov 8, 2026). Per share that is 292.20 PLN; our models calculate a fair value of 273.21 PLN per share.
What do the bullish and bearish scenarios say about DIG?
Our models span a range for Digital Network S.A.: cautious scenario 160.84 PLN, base 273.21 PLN, optimistic 355.16 PLN per share (as of Nov 8, 2026, price 292.20 PLN). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of DIG?
Digital Network S.A. trades at a price-to-earnings ratio of 27.8 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 273.21 PLN is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2016 to 2025), reported earnings: 6.5. Other multiples: P/B 13.8, P/S 8.1, EV/EBITDA 15.7.
How solid is the balance sheet of Digital Network S.A. (DIG)?
Balance-sheet figures for Digital Network S.A. (as of Nov 8, 2026): return on equity 55.4%, debt of 0.35 per unit of equity. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is DIG from its 52-week high?
Digital Network S.A. trades at 292.20 PLN, about 31% below its 52-week high of 423.40 PLN and 182% above the low of 103.80 PLN (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 273.21 PLN is for.
Which stocks are comparable to Digital Network S.A.?
From the same area (Communication Services) we also value AppLovin Corporation, Publicis Groupe S.A, Omnicom Group, Focus Media Information Technology Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Digital Network S.A. stock attractive at the current price?
The data as of Nov 8, 2026: price 292.20 PLN, calculated fair value 273.21 PLN (−7%), Quality Score 54/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of DIG calculated?
We run Digital Network S.A. through 24 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 273.21 PLN builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Digital Network S.A. itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Digital Network S.A. (DIG)?
The closing price on Nov 6, 2026 was 292.20 PLN. Our model-based fair value is 273.21 PLN, about 7% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Digital Network S.A. right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (160.84 PLN to 355.16 PLN) leaves room in how you read the outcome.
Where does the earnings growth of Digital Network S.A. (DIG) come from?
Earnings per share at Digital Network S.A. grew +35.4 % a year from 2015 to 2025. Broken into its drivers: revenue per share +11.8 %, EBIT margin +22.2 %, tax rate −0.3 %, residual (interest, one-offs) −0.5 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Digital Network S.A.
How large is the market capitalisation of Digital Network S.A. (DIG)?
The market capitalisation of Digital Network S.A. is 1.5B PLN (≈ $369M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Digital Network S.A. (DIG)?
The price-to-sales ratio of Digital Network S.A. is 8.08 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Digital Network S.A. (DIG)?
Earnings per share at Digital Network S.A. are 10.50 PLN (price ÷ EPS = P/E 27.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Digital Network S.A. (DIG)?
The dividend yield of Digital Network S.A. is 1.7% (payout 47.6%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Digital Network S.A. (DIG)?
The net margin of Digital Network S.A. is 25.0% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Digital Network S.A. (DIG)?
The return on equity (ROE) of Digital Network S.A. is 55.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Digital Network S.A. (DIG)?
On an EBIT basis the return on assets of Digital Network S.A. is 20.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Digital Network S.A. (DIG)?
The operating margin of Digital Network S.A. is 41.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Digital Network S.A. (DIG)?
Revenue at Digital Network S.A. is growing +197% versus a year earlier (3y avg +32.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Digital Network S.A. (DIG)?
Earnings per share at Digital Network S.A. are growing +61.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Digital Network S.A. (DIG) carry?
The net debt of Digital Network S.A. is 51.6M PLN (fiscal year 2025, ≈ 1.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Digital Network S.A. in the live analysis
One click puts Digital Network S.A. on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Broad data
Nov 8, 2026