Digi International Inc. (DGII) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-38.0%

$44.56

vs $71.83 price

Levered DCF

$62.96

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

7.11

Safe zone

Rating

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	33.15×	44.4×	39.13×	62.85×	65.69×	53.9×	37.83×	217.44×
P/B	2.12×	1.72×	1.79×	2.41×	1.43×	1.21×	1.09×	1.07×
P/S	3.13×	2.36×	2.17×	3.12×	2.19×	1.61×	1.5×	1.56×
EV / EBITDA	17.85×	15.44×	13.75×	18.9×	18.85×	15.7×	13.51×	17.19×
Gross margin	62.9%	58.9%	56.7%	55.7%	54.0%	51.6%	46.8%	45.2%
Operating margin	13.1%	11.3%	11.3%	9.8%	3.4%	4.1%	4.0%	1.2%
Net margin	9.5%	5.3%	5.6%	5.0%	3.4%	3.0%	3.9%	0.7%
Current ratio	1.21×	1.73×	1.93×	1.72×	4.18×	2.78×	4.33×	4.56×
Debt / equity	0.28×	0.24×	0.41×	0.51×	0.14×	0.21×	0×	0×
Interest coverage	8.91×	3.12×	1.99×	1.94×	7.55×	3.15×	98.75×	111.28×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	6.4%	3.9%	4.6%	3.9%	2.2%	2.3%	2.9%	0.5%
Return on invested capital	5.6%	6.5%	6.5%	4.9%	1.9%	2.4%	2.5%	0.4%
Return on assets	4.4%	2.8%	3.0%	2.3%	1.7%	1.6%	2.5%	0.4%
Free cash flow yield	7.8%	8.1%	3.4%	3.0%	8.2%	7.4%	5.2%	-1.3%
Earnings yield	3.0%	2.3%	2.6%	1.6%	1.5%	1.9%	2.6%	0.5%
Enterprise value	$1.5B	$1.1B	$1.2B	$1.4B	$589.3M	$476.5M	$287.3M	$296.5M
Net debt / EBITDA	1.87×	1.53×	2.25×	2.94×	-2.74×	0.84×	-4.36×	-3.36×
Cash conversion cycle (days)	61	122	154	134	107	141	131	164