DIGITAL HEARTS HOLDINGS Co (957) fair value: what the stock is really worth
As of Oct 26, 2026: fair value (intrinsic value) of DIGITAL HEARTS HOLDINGS Co stock €8.38, price €6.00, upside +39.7%, quality 68 out of 100. Rating: undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Fair value above price?Yes
Good quality?Yes
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 27, 2026.
How to read this chart
60‑month range €3.66 – €17.61 · fair‑value band €6.32 – €9.91 · the €6.00 price screens below the €8.38 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 27, 2026.
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DIGITAL HEARTS HOLDINGS Co., Ltd., together with its subsidiaries, engages in debugging, media, and other businesses.
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It provides debug testing and reporting services for consumer games, mobile and online games, arcade games, etc.; one-stop solutions, such as translation, LQA, and marketing support for game makers to develop overseas markets; and support services in creating content, including game development and CG video creation, etc.
The company also operates 4Gamer.net, a website for distributing information about computer games and online games, and hardware; and publishes news, as well as distributes movies, free trials, weekly publications, and other content.
In addition, it offers testing services for IT-related software, including websites and operations systems; solutions for the development of AI applications and testing automation; and security services.
Further, the company provides various IT services, such as system development, maintenance, and operation support for IT systems. The company was formerly known as Hearts United Group Co., Ltd. and changed its name to DIGITAL HEARTS HOLDINGS Co., Ltd. in July 2018.
The company was founded in 2001 and is headquartered in Tokyo, Japan. As of September 24, 2026, DIGITAL HEARTS HOLDINGS Co., Ltd. was taken private.
Stock analysis
DIGITAL HEARTS HOLDINGS Co (957) currently trades at €6.00, while our model-based Fair Value estimate is €8.38, implying the stock looks roughly 28.4% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of €8.95 per share, and 18 of the 25 models we run sit above the €6.00 price.
Bear case: the Dividend Discount group reads lowest at €1.31, and 7 of the 25 models stay below the price. Data coverage for this calculation is high.
Scenario range: €6.32 (bear) to €9.91 (bull), the price of €6.00 sits below 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 68/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
DIGITAL HEARTS HOLDINGS Co reported revenue of ¥38.9B in FY2026 versus ¥29.2B in FY2022, a compound +7.5%/yr. Reported net income was ¥1.2B in FY2026, compounding −9.7%/yr from FY2022.
Key figures
Market cap €134M Micro · P/E ratio 20.0 · P/S ratio 0.61 · EPS (TTM) €0.3000 · Dividend yield 2.4% · Net margin 3.0% · Return on equity 11.4% · Return on assets (EBIT) 12.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 39 out of 100 (low confidence).
What moves the price
The share trades about 52% below its 52-week high and 72% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at 33% fair-value upside, at 40%, 957 screens cheaper than that median.
Fair Value models
Bear€6.32Fair Value €8.38Bull€9.91
Price €6.00 · Upside +39.7%
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 2026 figures (about 7 months old). Earnings retained since then (€0.0910 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.
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.51/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−2.1%
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.
+2.2%
’22
’23
’24
’25
’26
What shareholders gained per year (last 5 years), in JPY ⓘ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. Basis: EBIT basis. Measured in JPY: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
≈ +1.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−1.1%
Dividend (yield on the price)2.4%
Profit margin 2022 to 2026 ⓘ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.9% → 7%
⚠ Rate on operating basis: 2026 sits 88% above its own trend.
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).
−2.2%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (figures in JPY, Japan: IMF forecast 2.1% a year to 2030, 1.3% from 2016 to 2025) that is about −4.2% a year for the price.
Compare DIGITAL HEARTS HOLDINGS Co with another stock
Price, fair value, quality and upside side by side.
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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.Information Technology Services · 469 stocks
Beats the industry median on 10/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score68 · Top 25%
Fair Value upside+39.7% · Above median
Profitability
Return on equity (12 months)11.4% · Above median
Return on assets5.5% · Above median
Net margin (12 months)2.7% · Below median
Operating margin (12 months)6.4% · Above median
Growth and dividend
Revenue growth (quarter YoY)5.0% · Below median
Dividend yield (12 months)2.4% · Above median
Valuation Multiplesvs Information Technology Services median · lower = cheaper
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.
Cite: Fair Value Calculator (2026). "DIGITAL HEARTS HOLDINGS Co Fair Value". https://www.fairvalue-calculator.com/stock/957
Frequently asked questions
Is DIGITAL HEARTS HOLDINGS Co (957) overvalued or undervalued?
As of Oct 27, 2026, our model estimates a fair value of €8.38 versus a price of €6.00, about +40% upside (undervalued).
What is the fair value of 957?
Our model-based fair value for DIGITAL HEARTS HOLDINGS Co is €8.38 (as of Oct 27, 2026), built from audited fundamentals. The current price: €6.00.
What is the quality score of 957?
DIGITAL HEARTS HOLDINGS Co has a Quality Score of 68/100. 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 HEARTS HOLDINGS Co (957)?
Our model-based price target is the fair value of €8.38 (as of Oct 27, 2026) from 25 valuation models. Cautious scenario €6.32, optimistic scenario €9.91. It is a calculation from audited fundamentals, not an analyst target.
What is the DIGITAL HEARTS HOLDINGS Co stock forecast for 2026?
Our models put fair value at €8.38, about +40% upside versus a price of €6.00 (undervalued). Cautious scenario €6.32, optimistic scenario €9.91. The calculation is refreshed regularly with new filings.
What is the revenue of DIGITAL HEARTS HOLDINGS Co (957)?
DIGITAL HEARTS HOLDINGS Co reported trailing-twelve-month revenue of about ¥39.4B (latest available figure, as of Oct 27, 2026).
Does DIGITAL HEARTS HOLDINGS Co pay a dividend?
DIGITAL HEARTS HOLDINGS Co currently shows a dividend yield of 2.37% relative to its recent price (as of Oct 27, 2026).
What growth is priced into DIGITAL HEARTS HOLDINGS Co (957)?
For today's price to be fair in a discounted-cash-flow model, DIGITAL HEARTS HOLDINGS Co would have to grow free cash flow by -2.2 % per year for five years (discount rate 11.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +7.5 % per year. As of Oct 27, 2026.
What discount rate (WACC) does the fair value of 957 use?
Our models discount DIGITAL HEARTS HOLDINGS Co at 11.0 %: a base by market capitalisation (micro), damped by beta 0.47, country premium for Germany. 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 HEARTS HOLDINGS Co that is -2.2 % per year a year over ten years, using the same discount rate (11.0 %) and the same formula as our fair value.
How much growth has DIGITAL HEARTS HOLDINGS Co (957) delivered so far?
Over the past 4 years revenue at DIGITAL HEARTS HOLDINGS Co grew +7.5 % a year. The price currently implies -2.2 % per year free-cash-flow growth a 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 HEARTS HOLDINGS Co (957) growing?
The median revenue growth in the sector is +10.8 % a year. That is the yardstick for the growth priced into DIGITAL HEARTS HOLDINGS Co (-2.2 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of DIGITAL HEARTS HOLDINGS Co (957)?
The free-cash-flow yield on the price is 10.38 %: that much free cash flow DIGITAL HEARTS HOLDINGS Co produces per unit of market value. When it exceeds the discount rate of our models (11.0 %), 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 HEARTS HOLDINGS Co (957)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For DIGITAL HEARTS HOLDINGS Co it is €8.38 per share (as of Oct 27, 2026), against a price of €6.00. It is the blended result of 25 valuation models (cash flow, earnings, asset, dividend).
Is DIGITAL HEARTS HOLDINGS Co stock overvalued or undervalued in 2026?
As of Oct 27, 2026, 957 trades below its calculated fair value: price €6.00, fair value €8.38, a gap of about +40% (undervalued). 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 957?
No. The price is what the market pays today (€6.00); the fair value is what the company's own numbers justify (€8.38). For DIGITAL HEARTS HOLDINGS Co the two are €2.38 per share apart. That gap is exactly why we show both numbers side by side.
How much is DIGITAL HEARTS HOLDINGS Co worth?
The market values DIGITAL HEARTS HOLDINGS Co at about €134M (market capitalisation, as of Oct 27, 2026). Per share that is €6.00; our models calculate a fair value of €8.38 per share.
What do the bullish and bearish scenarios say about 957?
Our models span a range for DIGITAL HEARTS HOLDINGS Co: cautious scenario €6.32, base €8.38, optimistic €9.91 per share (as of Oct 27, 2026, price €6.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 957?
DIGITAL HEARTS HOLDINGS Co trades at a price-to-earnings ratio of 20.0 (as of Oct 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €8.38 is built from several models across several years. Other multiples: P/B 2.3, P/S 0.6, EV/EBITDA 4.4.
How solid is the balance sheet of DIGITAL HEARTS HOLDINGS Co (957)?
Balance-sheet figures for DIGITAL HEARTS HOLDINGS Co (as of Oct 27, 2026): return on equity 11.4%. They feed the Quality Score of 68/100, which measures business quality independently of the share price.
How far is 957 from its 52-week high?
DIGITAL HEARTS HOLDINGS Co trades at €6.00, about 52% below its 52-week high of €12.40 and 72% above the low of €3.48 (as of Oct 23, 2026). Distance from the high says nothing about value: that is what the fair value of €8.38 is for.
Which stocks are comparable to DIGITAL HEARTS HOLDINGS Co?
From the same area (Technology) we also value International Business Machines Corporation, Accenture plc, Tata Consultancy Services Limited, Infosys Limited, 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 HEARTS HOLDINGS Co stock attractive at the current price?
The data as of Oct 27, 2026: price €6.00, calculated fair value €8.38 (+40%), Quality Score 68/100, from 25 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 957 calculated?
We run DIGITAL HEARTS HOLDINGS Co through 25 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of €8.38, 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 12.7 % above its aggregate fair value. DIGITAL HEARTS HOLDINGS Co currently trades 28 % below its own fair value, and the market average says nothing about that. 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 HEARTS HOLDINGS Co (957)?
The closing price on Oct 26, 2026 was €6.00. Our model-based fair value is €8.38, about +40% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with DIGITAL HEARTS HOLDINGS Co right now?
The price is below even our cautious bear case (€6.32). The market is more pessimistic than our downside scenario. Solid quality (68/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of DIGITAL HEARTS HOLDINGS Co
How large is the market capitalisation of DIGITAL HEARTS HOLDINGS Co (957)?
The market capitalisation of DIGITAL HEARTS HOLDINGS Co is €134M. 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 HEARTS HOLDINGS Co (957)?
The price-to-sales ratio of DIGITAL HEARTS HOLDINGS Co is 0.61 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of DIGITAL HEARTS HOLDINGS Co (957)?
Earnings per share at DIGITAL HEARTS HOLDINGS Co are €0.3000 (price ÷ EPS = P/E 20.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of DIGITAL HEARTS HOLDINGS Co (957)?
The dividend yield of DIGITAL HEARTS HOLDINGS Co is 2.4% (payout 47.3%). 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 HEARTS HOLDINGS Co (957)?
The net margin of DIGITAL HEARTS HOLDINGS Co is 3.0% (fiscal year 2026). 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 HEARTS HOLDINGS Co (957)?
The return on equity (ROE) of DIGITAL HEARTS HOLDINGS Co is 11.4% (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 HEARTS HOLDINGS Co (957)?
On an EBIT basis the return on assets of DIGITAL HEARTS HOLDINGS Co is 12.9% (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 HEARTS HOLDINGS Co (957)?
The operating margin of DIGITAL HEARTS HOLDINGS Co is 6.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at DIGITAL HEARTS HOLDINGS Co (957)?
Revenue at DIGITAL HEARTS HOLDINGS Co is growing +5.0% versus a year earlier (3y avg +2.2%). 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 HEARTS HOLDINGS Co (957)?
Earnings per share at DIGITAL HEARTS HOLDINGS Co are growing −22.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does DIGITAL HEARTS HOLDINGS Co (957) carry?
The net debt of DIGITAL HEARTS HOLDINGS Co is ¥236M (fiscal year 2024, ≈ 0.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Oct 27, 2026