Digital Value Reports First Half 2024 Earnings

Simply Wall St · 09/28 07:53

Digital Value (BIT:DGV) First Half 2024 Results

Key Financial Results

  • Revenue: €450.7m (up 8.4% from 1H 2023).
  • Net income: €22.3m (up 31% from 1H 2023).
  • Profit margin: 4.9% (up from 4.1% in 1H 2023). The increase in margin was driven by higher revenue.
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BIT:DGV Earnings and Revenue Growth September 28th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Digital Value Earnings Insights

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the IT industry in Italy.

Performance of the Italian IT industry.

The company's shares are up 6.8% from a week ago.

Valuation

Our analysis of Digital Value based on 6 different valuation metrics shows it might be undervalued. Click here to find out what a fair price for the stock might be and where analysts see the share price heading over the next year.