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Digi International

Digi International's net profit rose 50.2% yoy to USD 11.9 mil in 2021

By Helgi Analytics - September 21, 2022

Digi International made a net profit of USD 11.9 mil with revenues of USD 320 mil in 2021, up by 50.2% and up by 10.2%,...

Digi International's price/earnings (P/E) fell 2.18% yoy to 69.2 in 2021

By Helgi Analytics - September 21, 2022

Digi International stock traded at USD 24.6 per share at the end 2021 translating into a market capitalization of USD 820 mil. Si...

Digi International's Capital Expenditures fell 30.7% yoy to USD 1.93 mil in 2021

By Helgi Analytics - September 21, 2022

Digi International invested a total of USD 1.93 mil in 2021, up 30.7% compared to the previous year. Historically, betwe...

Profit Statement 2019 2020 2021
Sales USD mil 254 290 320
Gross Profit USD mil 120 155 174
EBITDA USD mil 18.2 34.8 41.7
EBIT USD mil 4.03 11.7 14.5
Financing Cost USD mil 0.442 3.04 5.90
Pre-Tax Profit USD mil 4.50 7.64 8.54
Net Profit USD mil 5.48 7.90 11.9
Dividends USD mil 0 0 0
Balance Sheet 2019 2020 2021
Total Assets USD mil 561 529 866
Non-Current Assets USD mil 376 362 710
Current Assets USD mil 185 167 157
Working Capital USD mil 105 84.8 78.4
Shareholders' Equity USD mil 356 378 474
Liabilities USD mil 205 151 392
Total Debt USD mil 127 24.1 308
Net Debt USD mil 77.8 -25.1 260
Ratios 2019 2020 2021
ROE % 1.59 2.15 2.79
ROCE % 1.43 1.70 1.92
Gross Margin % 47.1 53.3 54.3
EBITDA Margin % 7.17 12.0 13.1
EBIT Margin % 1.59 4.02 4.53
Net Margin % 2.16 2.72 3.71
Net Debt/EBITDA 4.27 -0.722 6.24
Net Debt/Equity % 21.8 -6.66 54.9
Cost of Financing % 0.697 4.02 3.55
Valuation 2019 2020 2021
Market Capitalisation USD mil 496 558 820
Enterprise Value (EV) USD mil 573 533 1,081
Number Of Shares mil 28.6 29.5 33.4
Share Price USD 17.4 18.9 24.6
EV/EBITDA 31.5 15.3 25.9
EV/Sales 2.26 1.84 3.38
Price/Earnings (P/E) 90.4 70.7 69.2
Price/Book Value (P/BV) 1.39 1.48 1.73
Dividend Yield % 0 0 0

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overview Unit 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
income statement                              
Sales USD mil           198 181 245 254 290          
Gross Profit USD mil           96.8 87.7 117 120 155          
EBIT USD mil           16.2 4.39 10.0 4.03 11.7          
Net Profit USD mil           12.6 2.52 10.6 5.48 7.90          
                                 
ROE % ...         4.29 0.813 3.23 1.59 2.15          
EBIT Margin %           8.20 2.42 4.07 1.59 4.02          
Net Margin %           6.37 1.39 4.30 2.16 2.72          
Employees           515 514 516 543 656   ... ... ... ...
balance sheet                              
Total Assets USD mil           331 348 382 561 529          
Non-Current Assets USD mil           139 207 208 376 362          
Current Assets USD mil           192 140 174 185 167          
                                 
Shareholders' Equity USD mil           302 319 335 356 378          
Liabilities USD mil           29.4 28.9 46.7 205 151          
Non-Current Liabilities USD mil           11.6 5.42 5.95 143 83.7          
Current Liabilities USD mil           17.8 23.5 40.8 61.5 67.5          
                                 
Net Debt/EBITDA           -6.60 -6.89 -3.25 4.27 -0.722          
Net Debt/Equity %           -45.1 -24.5 -22.8 21.8 -6.66          
Cost of Financing % ... ... ... ... ... ... ... ... 0.697 4.02          
cash flow                              
Total Cash From Operations USD mil           21.5 -11.8 4.66 0.786 64.9          
Total Cash From Investing USD mil           5.17 -45.4 19.7 -134 -1.48          
Total Cash From Financing USD mil           4.27 3.41 2.94 115 -62.1          
Net Change In Cash USD mil           29.0 -50.5 26.6 -16.5 0.191          
valuation                              
Market Capitalisation USD mil ... ... ... ... ... ... 259 280 496 558          
Enterprise Value (EV) USD mil ... ... ... ... ... ... 181 203 573 533          
Number Of Shares mil ... ... ... ... ... ... 27.1 27.7 28.6 29.5          
Share Price USD ... ... ... ... ... ... 9.55 10.1 17.4 18.9          
Price/Earnings (P/E) ... ... ... ... ... ... 103 26.5 90.4 70.7          
Price/Cash Earnings (P/CE) ... ... ... ... ... ... 46.8 20.3 49.1 45.2          
EV/EBITDA ... ... ... ... ... ... 15.9 8.64 31.5 15.3          
Price/Book Value (P/BV) ... ... ... ... ... ... 0.812 0.835 1.39 1.48          
Dividend Yield % ... ... ... ... ... ... 0 0 0 0          
income statement Unit 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
income statement                              
Sales USD mil           198 181 245 254 290          
Cost of Goods & Services USD mil           101 93.7 129 134 136          
Gross Profit USD mil           96.8 87.7 117 120 155          
Selling, General & Admin USD mil           50.4 51.4 71.5 75.8 97.5   ... ... ... ...
Research & Development USD mil           30.0 29.4 34.9 39.1 44.5   ... ... ... ...
Other Operating Expense USD mil           0.096 2.52 0.234 28.5 0.850   ... ... ... ...
Other Operating Cost (Income) USD mil           0 0 0 0 0   ... ... ... ...
EBITDA USD mil           20.7 11.3 23.5 18.2 34.8          
Depreciation USD mil           2.67 3.00 3.26 4.61 4.47          
EBIT USD mil           16.2 4.39 10.0 4.03 11.7          
Net Financing Cost USD mil           -0.280 -0.687 -0.331 -0.314 2.96          
Financing Cost USD mil           0.230 0.060 0.114 0.442 3.04          
Financing Income USD mil           0.573 0.747 0.445 0.756 0.072   ... ... ... ...
FX (Gain) Loss USD mil           0 0 0 0 0 ... ... ... ... ...
(Income) / Loss from Affiliates USD mil ... ...   ... ... ... ... ... ... ... ... ... ... ... ...
Extraordinary Cost USD mil           0.089 0 0 0 0   ... ... ... ...
Pre-Tax Profit USD mil           16.3 4.53 10.5 4.50 7.64          
Tax USD mil           3.60 2.01 -0.079 -0.981 -0.253          
Minorities USD mil           0 0 0 0 0          
Net Profit USD mil           12.6 2.52 10.6 5.48 7.90          
Net Profit Avail. to Common USD mil           12.6 2.52 10.6 5.48 7.90          
Dividends USD mil           0 0 0 0 0          
growth rates                              
Total Revenue Growth % ...         -7.68 -8.34 35.3 3.55 14.1          
Operating Cost Growth % ...         -9.65 3.42 28.1 8.39 23.5   ... ... ... ...
EBITDA Growth % ...         22.6 -45.1 108 -22.6 91.2          
EBIT Growth % ...         43.4 -73.0 128 -59.7 189          
Pre-Tax Profit Growth % ...         22.1 -72.2 131 -57.0 69.7          
Net Profit Growth % ...         -5.70 -80.0 318 -48.0 44.0          
ratios                              
ROE % ...         4.29 0.813 3.23 1.59 2.15          
ROA % ...         3.90 0.743 2.89 1.16 1.45          
ROCE % ...         6.58 1.13 3.85 1.43 1.70          
Gross Margin %           48.9 48.3 47.6 47.1 53.3          
EBITDA Margin %           10.4 6.25 9.59 7.17 12.0          
EBIT Margin %           8.20 2.42 4.07 1.59 4.02          
Net Margin %           6.37 1.39 4.30 2.16 2.72          
Payout Ratio %           0 0 0 0 0          
Cost of Financing % ... ... ... ... ... ... ... ... 0.697 4.02          
Net Debt/EBITDA           -6.60 -6.89 -3.25 4.27 -0.722          
balance sheet Unit 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
balance sheet                              
Cash & Cash Equivalents USD mil           133 73.8 76.5 49.1 49.3          
Receivables USD mil           28.0 30.3 46.4 81.1 52.5          
Inventories USD mil           24.3 31.1 47.0 47.4 54.8          
Other ST Assets USD mil           6.59 4.82 3.81 7.49 10.7          
Current Assets USD mil           192 140 174 185 167          
Property, Plant & Equipment USD mil           14.0 12.7 11.8 28.2 30.1          
LT Investments & Receivables USD mil           3.28 4.25 0 0 0          
Intangible Assets USD mil           115 184 190 346 330          
Goodwill USD mil           111 149 154 215 212          
Non-Current Assets USD mil           139 207 208 376 362          
Total Assets USD mil           331 348 382 561 529          
                                 
Trade Payables USD mil           7.92 6.33 16.0 23.2 22.5          
Short-Term Debt USD mil           0 0 0 3.90 4.75          
Other ST Liabilities USD mil           4.70 9.00 18.1 27.3 30.0          
Current Liabilities USD mil           17.8 23.5 40.8 61.5 67.5          
Long-Term Debt USD mil           0 0 0 123 19.4          
Other LT Liabilities USD mil           11.6 5.42 5.95 20.1 64.3          
Non-Current Liabilities USD mil           11.6 5.42 5.95 143 83.7          
Liabilities USD mil           29.4 28.9 46.7 205 151          
Preferred Equity and Hybrid Capital USD mil           0 0 0 0 0          
Share Capital USD mil           241 250 258 273 286          
Treasury Stock USD mil           54.3 54.8 54.9 55.7 56.3          
Equity Before Minority Interest USD mil           302 319 335 356 378          
Minority Interest USD mil           0 0 0 0 0          
Equity USD mil           302 319 335 356 378          
growth rates                              
Total Asset Growth % ...         4.81 4.84 9.85 46.9 -5.73          
Shareholders' Equity Growth % ...         5.81 5.46 5.15 6.36 5.99          
Net Debt Growth % ...         19.7 -42.8 -2.04 -202 -132          
Total Debt Growth % ... ... ... ... ... ... ... ... ... -81.0          
ratios                              
Total Debt USD mil           0 0 0 127 24.1          
Net Debt USD mil           -136 -78.1 -76.5 77.8 -25.1          
Working Capital USD mil           44.4 55.1 77.4 105 84.8          
Capital Employed USD mil           184 263 285 481 446          
Net Debt/Equity %           -45.1 -24.5 -22.8 21.8 -6.66          
Current Ratio           10.8 5.97 4.26 3.01 2.48          
Quick Ratio           9.06 4.44 3.01 2.12 1.51          
cash flow Unit 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
cash flow                              
Net Profit USD mil           12.6 2.52 10.6 5.48 7.90          
Depreciation USD mil           2.67 3.00 3.26 4.61 4.47          
Non-Cash Items USD mil           -1.12 -5.73 -19.4 -18.0 36.2          
Change in Working Capital USD mil           -3.01 -17.9 -17.8 1.50 2.74          
Total Cash From Operations USD mil           21.5 -11.8 4.66 0.786 64.9          
                                 
Capital Expenditures USD mil           -2.74 -1.67 7.61 -7.71 -1.48          
Net Change in LT Investment USD mil           -1.05 29.4 28.2 4.26 0   ... ... ... ...
Net Cash From Acquisitions USD mil           1.29 -66.5 -16.2 -136 0   ... ... ... ...
Other Investing Activities USD mil           7.67 -6.69 0 5.51 0          
Total Cash From Investing USD mil           5.17 -45.4 19.7 -134 -1.48          
                                 
Dividends Paid USD mil           0 0 0 0 0          
Issuance Of Shares USD mil           4.79 3.41 3.10 7.74 5.14          
Issuance Of Debt USD mil           -0.518 0 -0.161 106 -67.2          
Other Financing Activities USD mil           0 0 0 1.11 0   ... ... ... ...
Total Cash From Financing USD mil           4.27 3.41 2.94 115 -62.1          
                                 
Effect of FX Rates USD mil           -1.99 3.30 -0.653 1.45 -1.13   ... ... ... ...
Net Change In Cash USD mil           29.0 -50.5 26.6 -16.5 0.191          
ratios                              
Days Sales Outstanding days           51.6 60.9 68.9 116 66.1          
Days Sales Of Inventory days           87.8 121 133 129 147          
Days Payable Outstanding days           28.6 24.6 45.4 62.9 60.5          
Cash Conversion Cycle days           111 157 157 182 153          
Cash Earnings USD mil           15.3 5.53 13.8 10.1 12.4          
Free Cash Flow USD mil           26.7 -57.2 24.3 -133 63.4          
Capital Expenditures (As % of Sales) %           1.38 0.922 -3.10 3.03 0.510          
other ratios Unit 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
                               
Employees           515 514 516 543 656   ... ... ... ...
Operating Cost (As % of Sales) %           40.7 45.9 43.5 45.5 49.2   ... ... ... ...
Research & Development (As % of Sales) %           15.2 16.2 14.2 15.4 15.3   ... ... ... ...
Effective Tax Rate %           22.1 44.3 -0.754 -21.8 -3.31          
Total Revenue Growth (5-year average) % ... ... ... ... ... -0.455 -1.01 4.64 5.71 6.23          
Total Revenue Growth (10-year average) % ... ... ... ... ... ... ... ... ... ...          
valuation Unit 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
                               
Market Capitalisation USD mil ... ... ... ... ... ... 259 280 496 558          
Enterprise Value (EV) USD mil ... ... ... ... ... ... 181 203 573 533          
Number Of Shares mil ... ... ... ... ... ... 27.1 27.7 28.6 29.5          
Share Price USD ... ... ... ... ... ... 9.55 10.1 17.4 18.9          
EV/EBITDA ... ... ... ... ... ... 15.9 8.64 31.5 15.3          
Price/Earnings (P/E) ... ... ... ... ... ... 103 26.5 90.4 70.7          
Price/Cash Earnings (P/CE) ... ... ... ... ... ... 46.8 20.3 49.1 45.2          
P/FCF ... ... ... ... ... ... -4.52 11.5 -3.72 8.81          
Price/Book Value (P/BV) ... ... ... ... ... ... 0.812 0.835 1.39 1.48          
Dividend Yield % ... ... ... ... ... ... 0 0 0 0          
Free Cash Flow Yield % ... ... ... ... ... ... -22.1 8.69 -26.9 11.3          
Earnings Per Share (EPS) USD ... ... ... ... ... ... 0.093 0.382 0.192 0.267          
Cash Earnings Per Share USD ... ... ... ... ... ... 0.204 0.499 0.354 0.418          
Free Cash Flow Per Share USD ... ... ... ... ... ... -2.11 0.880 -4.67 2.15          
Book Value Per Share USD ... ... ... ... ... ... 11.8 12.1 12.5 12.8          
Dividend Per Share USD ... ... ... ... ... ... 0 0 0 0          
EV/Sales ... ... ... ... ... ... 0.996 0.828 2.26 1.84          
EV/EBIT ... ... ... ... ... ... 41.2 20.3 142 45.8          
EV/Free Cash Flow ... ... ... ... ... ... -3.16 8.36 -4.30 8.41          
EV/Capital Employed ... ... ... ... ... ... 0.688 0.713 1.19 1.19          
Earnings Per Share Growth % ... ... ... ... ... ... ... 310 -49.7 39.1          
Cash Earnings Per Share Growth % ... ... ... ... ... ... ... 145 -29.2 18.3          
Book Value Per Share Growth % ... ... ... ... ... ... ... 3.04 3.00 2.43          

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Digi International's P/FCF fell 128% yoy to -2.49 in 2021

By Helgi Analytics - September 21, 2022

Digi International stock traded at USD 24.6 per share at the end 2021 translating into a market capitalization of USD 820 mil. Since the end of 2016, the stock has appreciated by 0% representing an annual average growth of %. At the end of 2021, the firm...

Digi International's Share Price rose 30.0% yoy to USD 24.6 in 2021

By Helgi Analytics - September 21, 2022

Digi International stock traded at USD 24.6 per share at the end 2021 implying a market capitalization of USD 820 mil. Since the end of 2016, stock has appreciated by % implying an annual average growth of % In absolute terms, the value of the company ro...

Digi International's Net Margin rose 36.3% yoy to 3.71% in 2021

By Helgi Analytics - September 21, 2022

Digi International made a net profit of USD 11.9 mil with revenues of USD 320 mil in 2021, up by 50.2% and up by 10.2%, respectively, compared to the previous year. This translates into a net margin of 3.71%. Historically, between 2011 and 2021, the...

Digi International's ROCE rose 12.9% yoy to 1.92% in 2021

By Helgi Analytics - September 21, 2022

Digi International made a net profit of USD 11.9 mil in 2021, up 50.2% compared to the previous year. Historically, between 2011 and 2021, the company's net profit reached a high of USD 13.4 mil in 2015 and a low of USD 0.724 mil in 2014. The result impli...

Digi International's Net Debt/EBITDA rose 964% yoy to 6.24 in 2021

By Helgi Analytics - September 21, 2022

Digi International's net debt stood at USD 260 mil and accounted for 54.9% of equity at the end of 2021. The ratio is up 61.6 pp compared to the previous year. Historically, the firm’s net debt to equity reached a high of 54.9% in 2021 and a low ...

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Finance

Digi International has been growing its sales by 12.4% a year on average in the last 5 years. EBITDA has grown on average by 33.3% a year during that time to total of USD 146 mil in 2025, or 28.2% of sales. That’s compared to 21.4% average margin seen in last five years.

The company netted USD 40.7 mil in 2025 implying ROE of 6.99% and ROCE of 4.60%. Again, the average figures were 5.37% and 3.42%, respectively when looking at the previous 5 years.

Digi International’s net debt amounted to USD 300 mil at the end of 2025, or 49.8% of equity. When compared to EBITDA, net debt was 2.05x, down when compared to average of 3.49x seen in the last 5 years.

Valuation

Digi International stock traded at USD 33.4 per share at the end of 2025 resulting in a market capitalization of USD 1,158 mil. Over the previous five years, stock price grew by 76.5% or 12.0% a year on average. The closing price put stock at a 12-month trailing EV/EBITDA of 9.95x and price to earnings (PE) of 28.4x as of 2025.