Data#3 Limited (DTL) Fair Value & Analysis

Technology · AU · Market cap A$1.5B

A solid business, but screening 37% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (A$7.77). The favourable scenario is already priced in.
• Solid but not exceptional quality (69/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range A$3.78 – A$10.03 · fair‑value band A$4.66 – A$7.77 · the A$9.94 price screens above the A$6.22 fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Data#3 Limited (DTL) currently trades at A$9.94, while our model-based Fair Value estimate is A$6.22, implying the stock looks roughly 37.4% overvalued today. The Quality Score stands at 69/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Data#3 Limited generated revenue of A$885M at a net margin of 5.5%. Revenue grew 8.1% year over year. It earns a return on equity of 60.2%. The balance sheet holds a net cash position of A$338M. Fundamentals as of Jul 12, 2026

Our scenario range runs from A$4.66 (bear case) to A$7.77 (bull case); at A$9.94, the current price sits above 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 1% below its 52-week high and 55% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -25% fair-value upside, at -37%, DTL screens richer 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.

Widest divergence: DCF Models (A$10.42) versus Asset-Based (A$0.3600). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

Data#3 Limited provides information technology solutions and services in Australia. It operates through three segments: Software Solutions, Infrastructure Solutions, and Services.

Full company description

Data#3 Limited provides information technology solutions and services in Australia. It operates through three segments: Software Solutions, Infrastructure Solutions, and Services. The company offers hybrid cloud solutions, such as public cloud Azure and modern data center solutions; modern workplace solutions, including collaboration, Microsoft 365 copilot, end user devices, and systems management; and security solutions comprising data security and privacy, cloud security, identity and access management, infrastructure end point security, and security monitoring and analytics. It also provides data and AI solutions, such as business analytics, customer management, Internet of things, location-based analytics, and technology intelligence; and connectivity solutions, which include IT-OT networking, SD-WAN, and software-defined and wireless networks. In addition, the company offers consulting, procurement, project, managed, and resourcing services; software licensing and vendor branded maintenance services; and recruitment, managed, and maintenance services. It serves customers in healthcare, education, and government industries. Data#3 Limited was founded in 1977 and is headquartered in Brisbane, Australia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Data#3 Limited reported revenue of A$853M in FY2025 versus A$2.0B in FY2021, a compound −18.7%/yr. Reported net income was A$48.2M in FY2025, compounding +17.3%/yr from FY2021.

DTL screens 37% overvalued. Compare with International Business Machines Corporation →

Peer Group

Information Technology Services · 480 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.

Valuation Multiples vs Information Technology Services median · lower = cheaper

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 0: the price sits above our fair-value range.

Insider activity: 45/100

Values & ESG

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

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

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Frequently asked questions

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.