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Digitalist Group (DIGIGR) Fair Value & Analysis

Technology · FI · Market cap €5.5M

DG Digitalist Group DIGIGR · HE
Price€1.89
Fair Value€5.29
Upside+180.6%
Quality44/100
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Weak Growth
Loss-making · -27.7% net margin
Negative equity (buybacks among others) · negative free cash flow
Trails peers (3/10)
Narrow moat 10/100
Evidence: Medium Range €3.60 – €6.98 Share as image

Fair value as of: Jul 16, 2026

From 7 valuation models · updated 25 days ago

Share price −1.8% over the past month.

Below-average quality, screening 181% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (44/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (€3.60). The market is more pessimistic than our downside scenario.
  • A fairly wide model range (€3.60 to €6.98) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

€12.25 €1.45 Fair Value €5.29 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range €1.45 – €12.25 · fair‑value band €3.60 – €6.98 · the €1.89 price screens below the €5.29 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

Digitalist Group (DIGIGR) currently trades at €1.89, while our model-based Fair Value estimate is €5.29, implying the stock looks roughly 180.6% undervalued today. The Quality Score stands at 44/100 (below-average 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: medium), always confirm before acting.

Over the trailing twelve months, Digitalist Group generated revenue of €16.5M at a net margin of -27.7%. Revenue declined 9.6% year over year. Net debt stands at €43.4M. Fundamentals as of Jul 16, 2026

Our scenario range runs from €3.60 (bear case) to €6.98 (bull case); at €1.89, the current price sits below 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. For context, the median of 10 Technology peers we cover trades at -27% fair-value upside, at 181%, DIGIGR 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
ROIC Compounder €0.9500 €1.24 €1.47 72
Gordon GGM €4.07 €4.35 €4.76 70
DDM Multi-Stage €4.07 €4.71 €5.51 61
All 7 models by family
Earnings-Based
EPV €0.9500 €1.24 €1.47 59
Dividend Discount
Gordon GGM €4.07 €4.35 €4.76 70
DDM Multi-Stage €4.07 €4.71 €5.51 61
Multiples
EV/EBIT €3.60 €5.29 €6.98 53
EV/EBITDA €4.07 €5.92 €7.76 54
EV/Revenue €1.95 €3.41 €4.87 43
Economic Profit
ROIC Compounder €0.9500 €1.24 €1.47 72

Widest divergence: Multiples (€5.29) versus Earnings-Based (€1.24). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

Revenue (TTM) €16.5M
Revenue growth (YoY) -9.6%
Net margin -27.7%
Free cash flow −€2.1M FY2025
Operating margin -12.4%
EPS (TTM) €-1.67
More key figures
Net debt €43.4M FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 44/100

Of which business quality 40 · Market factors (momentum, volatility) 18

Profitability 30
Margins and returns on capital today
Quality Growth 58
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 6
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 44
Calm price path (market factor)
Momentum 10
Price trend over the last 3–12 months (market factor)
52W Momentum 3
Distance to the 52-week high (market factor)
Net Issuance 100
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

Digitalist Group Plc, a technology company, provides consultancy services related to digital solutions in Finland and Sweden. It offers design services, including digital and service design, design strategy, user research to visual interaction design, prototype design, and usability research services.

Full company description

Digitalist Group Plc, a technology company, provides consultancy services related to digital solutions in Finland and Sweden. It offers design services, including digital and service design, design strategy, user research to visual interaction design, prototype design, and usability research services. The company also provides brand and communication services that develops customers brands, marketing, and customer experiences; and digital service for open-source environments. In addition, it offers software solutions for hardware, and embedded systems and software; LeanLab, which develops usability and user experience; and Open Cloud offers AI solutions and open source products as a service. The company was formerly known as Ixonos plc and changed its name to Digitalist Group Plc in May 2017. Digitalist Group Plc was founded in 1994 and is headquartered in Helsinki, Finland.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Digitalist Group reported revenue of €16.5M in FY2025 versus €18.5M in FY2021, a compound −2.7%/yr. Reported net income was −€4.6M in FY2025.

Growth Quality 6/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
€16.5M
Latest YoY
+2.3%
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.
−3.8%
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.
−4.2%
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.
−7.9%
Revenue −2.7%/yr
FY21 €18.5M
FY22 €18.6M
FY23 €16.7M
FY24 €16.2M
FY25 €16.5M
Net income
FY21 −€5.8M
FY22 −€6.5M
FY23 −€4.0M
FY24 −€4.7M
FY25 −€4.6M

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Cite: Fair Value Calculator (2026). "Digitalist Group Fair Value". https://www.fairvalue-calculator.com/stock/DIGIGR

Peer Group

Software - Application · 709 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 44 · Below median
Fair Value upside +181% · Top 25%
Return on assets -10% · Bottom 25%
Net margin (TTM) -28% · Bottom 25%
Operating margin (TTM) -12% · Bottom 25%
Revenue growth -10% · Bottom 25%

Valuation Multiples vs Software - Application median · lower = cheaper

P/S (TTM) 0.39× · Cheaper than 75% of peers
PEG 2.81× · 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 0
FUTURE 0 · sector 38
PAST 0 · sector 13
HEALTH 100 · sector 98
DIVIDEND 0 · sector 28

PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.

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 Software - Application stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
SAP SE SAPS C$12.69 C$16.26 +28%
Shopify Inc SHOP C$173.23 C$20.54 -88%
Uber Technologies, Inc UBER $72.67 $51.11 -30%
Salesforce, Inc CRM $170.77 $182.10 +7%
ServiceNow, Inc NOW $107.71 $33.12 -69%
Cadence Design Systems, Inc CDNS $384.17 $80.41 -79%
Snowflake Inc SNOW $271.87 $34.04 -87%
Adobe Inc ADBE $230.61 $379.48 +65%
Automatic Data Processing, Inc ADP $241.92 $177.51 -27%
Intuit Inc INTU $291.09 $258.69 -11%

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Frequently asked questions

Is Digitalist Group (DIGIGR) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of €5.29 versus a price of €1.89, about +181% (undervalued).
What is the fair value of DIGIGR?
Our model-based fair value for Digitalist Group is €5.29 (as of Jul 16, 2026), built from audited fundamentals. The current price is €1.89.
What is the quality score of DIGIGR?
Digitalist Group has a Quality Score of 44/100. 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 Digitalist Group (DIGIGR)?
Digitalist Group reported trailing-twelve-month revenue of about €16.5M (latest available figure, as of Jul 16, 2026).
What is the net profit margin of DIGIGR?
The net profit margin of Digitalist Group is about -27.7%, meaning it is currently running at a net loss. 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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