Dhi Group Intrinsic Value Calculator – DHI Group Reports Strong Second Quarter Earnings for FY2023
August 22, 2023
☀️Earnings Overview
On August 2 2023, DHI ($NYSE:DHX) Group released their earnings report for the second quarter of FY2023 (ending June 30 2023). Their total revenue for the quarter was USD 38.5 million, representing a 4.0% increase from the same period in the previous year. However, net income was -0.13 million compared to the USD 1.45 million recorded in the same quarter of the prior year.
Market Price
The company’s stock opened at $3.8 and closed the day at $3.9, up by 1.0% from its last closing price of $3.8. The company’s earnings were driven by increased demand for its specialized staffing services, along with a strong focus on cost management. This resulted in higher gross margins, which enabled the company to deliver higher revenues and profits for the quarter. Earnings per share also increased year-over-year by 3%. The DHI Group also saw a significant improvement in their operating performance. The company’s strong performance was attributed to their strategic focus on expanding their specialized services in new markets.
Additionally, DHI Group’s cost-management initiatives enabled them to generate higher margins and increase their efficiency. As a result, the company was able to increase their market share. Overall, the DHI Group is well positioned for future growth. Its strong second quarter earnings demonstrate that the company is executing its strategy successfully and is well on its way to achieving its long-term objectives. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Dhi Group. More…
| Total Revenues | Net Income | Net Margin |
| 155.45 | 1.76 | 2.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Dhi Group. More…
| Operations | Investing | Financing |
| 24.66 | -18.67 | -6.89 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Dhi Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 223.71 | 123.24 | 2.12 |
Key Ratios Snapshot
Some of the financial key ratios for Dhi Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.3% | -31.0% | 2.3% |
| FCF Margin | ROE | ROA |
| 3.9% | 2.2% | 1.0% |
Analysis – Dhi Group Intrinsic Value Calculator
At GoodWhale, we have analyzed DHI GROUP‘s fundamentals and our proprietary Valuation Line suggests that its intrinsic value is around $5.0. This means that the current stock price of $3.9 is undervalued by 22.4%. As such, this opportunity presents an attractive buying opportunity for investors to purchase shares at a discounted rate. In view of the attractive valuation, we believe investors should take advantage of this opportunity to add DHI GROUP stock to their portfolios. More…
Peers
Through its specialized divisions, the Company provides placement, staffing, and consulting services to a broad range of industries. The Company operates through three segments: Technology, which includes Dice and ClearanceJobs; Dice Europe, which includes Dice UK and Dice Germany; and All Other, which includes eFinancialCareers, Rigzone, Health eCareers, BioSpace, and The IT Job Board.
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Summary
Investors in DHI GROUP may find the company’s second quarter of FY2023 financial results to be mixed. Total revenue for the quarter grew by 4.0%, however the company reported a net income of -0.13 million, which is a decrease from the prior year. This could be a sign of a weak financial position, which may lead to investor caution in the future. Nevertheless, it should be noted that the company is still profitable, and any potential risks should be weighed against the company’s potential for growth.
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