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Digia Oyj (DIGIA) Fair Value & Analysis

Technology · FI · Market cap €155M

DO Digia Oyj DIGIA · HE
Price€5.80
Fair Value€8.70
Upside+50.0%
Quality58/100
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Healthy Growth
Thin margins · 5.4% net margin
Low debt · generates free cash flow
Ranks above peers (9/15)
Moderate moat 46/100
Evidence: High Range €5.16 – €12.03 Share as image

Fair value as of: Jul 18, 2026

From 26 valuation models · updated 23 days ago

Share price −3.3% over the past month.

A solid business, screening 50% undervalued on our models.

What matters now

  • Solid quality (58/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (€5.16 to €12.03) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

€7.69 €4.46 Fair Value €8.70 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range €4.46 – €7.69 · fair‑value band €5.16 – €12.03 · the €5.80 price screens below the €8.70 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Digia Oyj (DIGIA) currently trades at €5.80, while our model-based Fair Value estimate is €8.70, implying the stock looks roughly 50.0% undervalued today. The Quality Score stands at 58/100 (solid quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Digia Oyj generated revenue of €220M at a net margin of 5.4%. Revenue grew 4.9% year over year. It earns a return on equity of 14.5%. Net debt stands at €23.7M. Fundamentals as of Jul 18, 2026

Our scenario range runs from €5.16 (bear case) to €12.03 (bull case); at €5.80, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 25% below its 52-week high and 8% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -25% fair-value upside, at 50%, DIGIA screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
Growth DCF €4.08 €5.74 €7.75 80
Residual Income €3.05 €3.46 €5.40 76
Rev-Margin DCF €4.86 €8.15 €12.05 74
All 26 models by family
DCF Models
FCF DCF €4.09 €6.06 €8.61 38
Owner Earnings €5.81 €8.53 €12.04 31
5Y Revenue Exit €4.86 €8.17 €12.44 39
5Y EBITDA Exit €6.20 €10.72 €16.09 41
5Y P/E Exit €5.16 €8.75 €12.57 38
10Y Revenue Exit €4.31 €6.97 €10.63 36
10Y EBITDA Exit €5.19 €8.50 €13.06 37
10Y P/E Exit €4.62 €7.32 €10.72 35
Earnings-Based
Graham-Dodd €3.27 €11.40 €15.32 54
Lynch FV €2.65 €3.78 €4.92 50
PEG = 1.0 €2.65 €3.78 €4.92 46
EPV €3.48 €3.95 €4.33 59
Dividend Discount
Gordon GGM €1.24 €2.08 €2.70 70
DDM Multi-Stage €1.24 €1.96 €2.24 61
Multiples
P/E Multiple €7.22 €9.62 €12.03 63
P/S Multiple €6.14 €8.18 €10.23 58
P/B Multiple €6.14 €8.18 €10.23 55
EV/EBIT €8.74 €11.80 €14.85 53
EV/EBITDA €8.84 €11.92 €15.01 54
EV/Revenue €5.76 €8.40 €11.05 43
Asset-Based
NCAV (Graham) €1.75 €2.35 €3.50 50
Growth DCF
Growth DCF €4.08 €5.74 €7.75 80
Rev-Margin DCF €4.86 €8.15 €12.05 74
Economic Profit
Residual Income €3.05 €3.46 €5.40 76
ROIC Compounder €3.48 €4.15 €4.92 72
Growth Earnings
Growth-Adj P/E €6.25 €8.93 €11.61 68

Widest divergence: Growth Earnings (€8.93) versus Dividend Discount (€1.96). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) €220M
Revenue growth (YoY) +4.9%
Net margin 5.4%
Return on equity 14.5%
Free cash flow €14.1M FY2025
P/E ratio 12.1
More key figures
Operating margin 5.8%
EPS (TTM) €0.4800
EPS growth (YoY) -30.0%
Net debt €23.7M FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 58/100

Of which business quality 58 · Market factors (momentum, volatility) 44

Profitability 47
Margins and returns on capital today
Quality Growth 23
Are margins and returns improving?
Cashflow 54
Earnings quality: real cash, not paper profit
Fin. Strength 72
Balance sheet, leverage, solvency risk
Investment 72
Disciplined investing over empire-building
Low Volatility 85
Calm price path (market factor)
Momentum 32
Price trend over the last 3–12 months (market factor)
52W Momentum 17
Distance to the 52-week high (market factor)
Net Issuance 81
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Digia Oyj operates as a software and service company in Finland, Sweden, and internationally. The company offers design and business consulting services; architecture design; e-commerce solutions; application development; information and cyber security; data analytics and business intelligence services; integration and data (APIs) solutions; robotics and …

Full company description

Digia Oyj operates as a software and service company in Finland, Sweden, and internationally. The company offers design and business consulting services; architecture design; e-commerce solutions; application development; information and cyber security; data analytics and business intelligence services; integration and data (APIs) solutions; robotics and automation; artificial intelligence solutions; and monitoring, service management, and cloud services, as well as online, mobile, E-commerce, and digital marketing services. It also provides enterprise resource planning (ERP) solutions comprising Digia Envision, an ERP solution; Microsoft Dynamics 365 Business Central; Oracle NetSuite, a cloud-based ERP system; and Digia Logistics, an ERP system for logistics and handling companies. In addition, the company offers Microsoft Dynamics 365 CRM, a cloud-based platform that ready-made solutions provides sales management, customer service, field operations, and marketing; Microsoft Power Platform, a cloud-based development platform that offers tools for business application development and reporting, and automation of manual processes; Digia Financial Systems, a business platform for financial sectors; and back-office outsourcing. It serves food and agriculture, transportation and logistics, energy, government, municipalities and cities, social welfare and healthcare services, banking, insurance, investment services, manufacturing, wholesale and retail trade, and defense and security, as well as technology, telecommunications, and media industries. Digia Oyj was founded in 1990 and is headquartered in Helsinki, Finland.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Digia Oyj reported revenue of €217M in FY2025 versus €156M in FY2021, a compound +8.6%/yr. Reported net income was €12.8M in FY2025, compounding +2.2%/yr from FY2021.

Growth Quality 79/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
€217M
Latest YoY
+5.5%
Avg. growth/yr (3Y) 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.
+8.3%
Avg. growth/yr (5Y) 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.
+9.3%
Avg. growth/yr (25Y) 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.
+1.9%
Revenue +8.6%/yr
FY21 €156M
FY22 €171M
FY23 €192M
FY24 €206M
FY25 €217M
Net income +2.2%/yr
FY21 €11.8M
FY22 €9.5M
FY23 €9.9M
FY24 €13.3M
FY25 €12.8M
Character of growth · EPS growth decomposed (2014-2025) −11.6 % p.a.
Revenue per share +6.0 pp

of which total revenue +8.6 pp · buybacks/dilution −2.6 pp

EBIT margin +3.6 pp
Tax rate −2.2 pp
Residual (interest, one-offs) −19.0 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Digia Oyj Fair Value". https://www.fairvalue-calculator.com/stock/DIGIA

Peer Group

Information Technology Services · 475 stocks

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.

Quality Score 58 · Above median
Fair Value upside +50% · Top 25%
Return on equity (TTM) 15% · Above median
Return on assets 6% · Above median
Net margin (TTM) 5% · Above median
Operating margin (TTM) 6% · Below median
Revenue growth 5% · Below median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.38× · Higher than 75% of peers

Valuation Multiples vs Information Technology Services median · lower = cheaper

P/E (TTM) 12.1× · Cheaper than 75% of peers
P/B 1.92× · Cheaper than median
P/S (TTM) 0.82× · Cheaper than median
P/FCF 12.7× · Pricier than 75% of peers
EV/EBITDA 9.4× · Cheaper than median
PEG 3.48× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 21
FUTURE 25 · sector 31
PAST 58 · sector 37
HEALTH 81 · sector 97
DIVIDEND 0 · sector 37

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
International Business Machines Corporation IBM $235.92 $143.90 -39%
Accenture plc ACNN 2,460 MXN 250.95 MXN -90%
Infosys Limited INFY ₹1,156 ₹1,457 +26%
HCL Technologies Limited HCLTECH ₹1,204 ₹1,230 +2%
Wipro Limited WIPRO ₹178.43 ₹226.81 +27%
Tech Mahindra Limited TECHM ₹1,455 ₹1,086 -25%
Samsung SDS Co 018260 199,300 KRW 196,390 KRW -1%
Persistent Systems Limited PERSISTENT ₹5,059 ₹2,364 -53%
Hyundai Autoever Corporation 307950 393,000 KRW 133,088 KRW -66%
Coforge Limited COFORGE ₹1,541 ₹702.84 -54%

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Frequently asked questions

Is Digia Oyj (DIGIA) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of €8.70 versus a price of €5.80, about +50% (undervalued).
What is the fair value of DIGIA?
Our model-based fair value for Digia Oyj is €8.70 (as of Jul 18, 2026), built from audited fundamentals. The current price is €5.80.
What is the quality score of DIGIA?
Digia Oyj has a Quality Score of 58/100. 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 revenue of Digia Oyj (DIGIA)?
Digia Oyj reported trailing-twelve-month revenue of about €220M (latest available figure, as of Jul 18, 2026).
What is the net profit margin of DIGIA?
The net profit margin of Digia Oyj is about 5.4%, meaning it keeps roughly 5.4% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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