Invesaro

Stocks DHX DCF valuation

DCF valuation

What is Dhi Group, Inc. worth?

With the base-case assumptions below, a discounted cash flow model on Dhi Group, Inc.'s reported free cash flow gives $3.20 per share. The share price was $4.73 on September 25, 2026, 48% above that value.

Inputs from the filings

Free cash flow, fiscal 2025
$13.8M
Average free cash flow, last 5 years
$10.9M
Cash
$3.8M
balance sheet of June 30, 2026
Debt
$32M
balance sheet of June 30, 2026
Diluted shares, fiscal 2025
44,775,000
Revenue growth per year, last 5 years
-1.4%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear-6.5%-2.0%2.0%10.0%$1.81-62%
Base-1.5%0.5%2.5%9.0%$3.20-32%
Bull3.5%3.5%3.0%8.0%$5.97+26%

Sensitivity: base case value per share

Discount rate down the side, growth after year 10 across the top. Everything else as in the base case.

1.5%2.0%2.5%3.0%3.5%
7.0%$4.17$4.46$4.82$5.26$5.83
8.0%$3.45$3.64$3.86$4.13$4.45
9.0%$2.92$3.05$3.20$3.37$3.58
10.0%$2.52$2.61$2.71$2.83$2.97
11.0%$2.20$2.27$2.34$2.42$2.52

Where the presets come from

Base: years 1 to 5 grow at Dhi Group, Inc.'s revenue growth rate over the last 5 fiscal years (-1.4% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.

Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.

Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.

This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.

Adjust the assumptions

Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.

Adjust the assumptions

Dhi Group, Inc. company page