A Business at a Glance
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DLH Holdings Corp.
DLHC
$77M
Mkt Cap
$5.09
+0.39%
DLH Holdings Corp. (DLHC) has a current P/E ratio of 56.6, compared to its historical median P/E of 17.5. The stock is currently considered Expensive based on its historical valuation range.
DLH Holdings Corp. (DLHC) has a 5-year average return on invested capital (ROIC) of 10.7%. This indicates solid capital allocation.
DLH Holdings Corp. (DLHC) has a market capitalization of $74M. It is classified as a small-cap stock.
DLH Holdings Corp. (DLHC) does not currently pay a regular dividend.
Based on historical P/E analysis, DLH Holdings Corp. (DLHC) appears expensive. The current P/E of 56.6 is 223% above its historical median of 17.5. The estimated fair value CAGR (P/E method) is -8.0%.
DLH Holdings Corp. (DLHC) operates in the Services-Help Supply Services industry, within the Industrials sector.
DLH Holdings Corp. (DLHC) reported annual revenue of $344 million in its most recent fiscal year, based on SEC EDGAR filings.
Overview and Background DLH Holdings Corp. ("DLH") delivers improved health and readiness solutions for federal government customers through digital transformation and cyber security, science research and development, and systems engineering and integration. We bring a unique combination of government sector experience, proven methodology, and unwavering commitment to solve the complex problems faced by civilian and military customers alike, doing so by leveraging multiple capabilities, including cyber technology, artificial intelligence, advanced analytics, cloud-based applications, and telehealth systems. Competitive Advantages We believe we are advantageously positioned within our markets through a number of features including, but not limited to: •highly credentialed workforce; •predominantly performing as the prime contractor; •strong past performance record across our government contracts; and •strong bipartisan support for our key contracts.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 293M | 344M | 396M | 376M | 395M | 246M |
| Net Income | -4.5M | 1.4M | 7.4M | 1.5M | 23M | 10M |
| EPS | $-0.31 | $0.09 | $0.51 | $0.10 | $1.64 | $0.75 |
| Free Cash Flow | 19M | 23M | 27M | 30M | 371K | 46M |
| ROIC | 2.4% | 4.9% | 8.3% | 5.5% | 19.1% | 15.5% |
| Gross Margin | - | 18.9% | 19.6% | 21.2% | 18.3% | 20.9% |
| Debt/Equity | 1.18 | 1.35 | 1.61 | 2.04 | 0.42 | 1.01 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 7.4M | 17M | 25M | 17M | 33M | 17M |
| Operating Margin | 2.5% | 4.9% | 6.3% | 4.5% | 8.4% | 7.0% |
| ROE | -4.1% | 1.2% | 6.7% | 1.4% | 25.3% | 15.5% |
| Shares Outstanding | 14M | 15M | 15M | 15M | 14M | 14M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 60M | 65M | 86M | 116M | 133M | 160M | 209M | 246M | 395M | 376M | 396M | 344M | 293M |
| Gross Margin | 14.8% | 17.9% | 20.8% | 22.3% | 22.7% | 22.3% | 21.8% | 20.9% | 18.3% | 21.2% | 19.6% | 18.9% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 8.1M | 9.1M | 13M | 17M | 17M | 21M | 24M | 25M | 31M | 38M | 36M | 31M | 29M |
| EBIT | 884K | 3.3M | 4.1M | 6.6M | 8.8M | 10.0M | 13M | 17M | 33M | 17M | 25M | 17M | 7.4M |
| Op. Margin | 1.5% | 5.0% | 4.7% | 5.7% | 6.6% | 6.2% | 6.4% | 7.0% | 8.4% | 4.5% | 6.3% | 4.9% | 2.5% |
| Net Income | 5.4M | 8.7M | 3.4M | 3.3M | 1.8M | 5.3M | 7.1M | 10M | 23M | 1.5M | 7.4M | 1.4M | -4.5M |
| Net Margin | 8.9% | 13.4% | 4.0% | 2.8% | 1.4% | 3.3% | 3.4% | 4.1% | 5.9% | 0.4% | 1.9% | 0.4% | -1.5% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.7M | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 38.7% | 27.9% | 7.8% | 7.7% | 15.3% | 7.4% | 6.4% | 15.5% | 19.1% | 5.5% | 8.3% | 4.9% | 2.4% |
| ROE | 38.7% | 38.2% | 10.6% | 9.2% | 4.7% | 11.7% | 13.3% | 15.5% | 25.3% | 1.4% | 6.7% | 1.2% | -4.1% |
| ROA | 17.8% | 30.5% | 5.2% | 4.7% | 2.9% | 4.1% | 3.9% | 5.1% | 13.8% | 0.4% | 2.4% | 0.5% | -1.6% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 1.7M | 2.0M | 6.0M | 6.5M | 14M | 18M | 19M | 46M | 1.2M | 31M | 27M | 23M | 19M |
| Free Cash Flow | 1.7M | 1.8M | 5.5M | 5.5M | 13M | 18M | 19M | 46M | 371K | 30M | 27M | 23M | 19M |
| Owner Earnings | 1.1M | 1.4M | 4.3M | 4.1M | 10M | 14M | 12M | 38M | -9.0M | 14M | 8.4M | 4.6M | 57K |
| CapEx | 13K | 142K | 498K | 1.1M | 654K | 405K | 152K | 103K | 872K | 625K | 836K | 241K | 279K |
| Maint. CapEx | 116K | 55K | 1.2M | 1.7M | 2.2M | 4.0M | 7.0M | 8.1M | 7.7M | 16M | 17M | 17M | 17M |
| Growth CapEx | 0 | 87K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 116K | 55K | 1.2M | 1.7M | 2.2M | 4.0M | 7.0M | 8.1M | 7.7M | 16M | 17M | 17M | 17M |
| CapEx/OCF | N/A | N/A | N/A | 16.3% | 4.6% | 2.2% | 0.8% | 0.2% | 70.2% | 2.0% | 3.1% | 1.0% | 1.4% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 211K | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | 0.0% | 0.0% | 0.0% | N/A | N/A | N/A | 0.2% | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 472K | 479K | 466K | 662K | 1.4M | N/A | N/A | N/A | 2.6M | 1.9M | 1.9M | 1.5M | 2.0M |
| Debt Repayment | 140K | 0 | 1.3M | 0 | 12M | 22M | 19M | 54M | 42M | 20M | 27M | 19M | 19M |
| Balance Sheet | |||||||||||||
| Net Debt | -7.8M | -11M | 20M | 16M | -5.0M | 50M | 95M | 18M | 39M | 208M | 176M | 153M | 130M |
| Cash & Equiv. | 3.9M | 5.6M | 3.4M | 4.9M | 6.4M | 1.8M | 1.4M | 24M | 228K | 215K | 342K | 125K | 131K |
| Long-Term Debt | 0 | 0 | 23M | 20M | 7.7M | 54M | 61M | 45M | 20M | 155M | 137M | 120M | 111M |
| Debt/Equity | 0.00 | 0.00 | 0.85 | 0.73 | 0.20 | 1.18 | 1.83 | 1.01 | 0.42 | 2.04 | 1.61 | 1.35 | 1.18 |
| Interest Coverage | 7.1 | 91.0 | 9.0 | 7.5 | 11.0 | 6.6 | 4.8 | 5.9 | 21.8 | 1.2 | 1.6 | 1.2 | 2.1 |
| Equity | 14M | 23M | 32M | 36M | 39M | 46M | 53M | 66M | 92M | 102M | 110M | 113M | 110M |
| Total Assets | 30M | 29M | 65M | 70M | 63M | 129M | 184M | 197M | 169M | 340M | 314M | 291M | 277M |
| Total Liabilities | 16M | 5.8M | 33M | 34M | 23M | 84M | 130M | 132M | 77M | 237M | 204M | 178M | 166M |
| Intangibles | N/A | 0 | 0 | 15M | 13M | 41M | 53M | 47M | 41M | 125M | 108M | 92M | 84M |
| Retained Earnings | -62M | -54M | -50M | -47M | -45M | -40M | -32M | -22M | 990K | 2.5M | 9.8M | 11M | 7.4M |
| Working Capital | 663K | 4.6M | -3.9M | -4.0M | 1.5M | -2.6M | -11M | -4.6M | 5.1M | -2.4M | -285K | -134K | -5.5M |
| Current Assets | 17M | 10M | 11M | 17M | 17M | 27M | 37M | 62M | 44M | 62M | 53M | 43M | 37M |
| Current Liabilities | 16M | 5.6M | 15M | 21M | 16M | 29M | 48M | 66M | 39M | 65M | 53M | 43M | 42M |
| Per Share Data | |||||||||||||
| EPS | 0.54 | 0.87 | 0.30 | 0.27 | 0.14 | 0.41 | 0.54 | 0.75 | 1.64 | 0.10 | 0.51 | 0.09 | -0.31 |
| Owner EPS | 0.11 | 0.14 | 0.38 | 0.34 | 0.80 | 1.08 | 0.94 | 2.78 | -0.64 | 0.93 | 0.58 | 0.30 | 0.00 |
| Book Value | 1.40 | 2.28 | 2.82 | 2.94 | 3.01 | 3.51 | 4.06 | 4.85 | 6.48 | 7.01 | 7.59 | 7.46 | 7.61 |
| Cash Flow/Share | 0.17 | 0.20 | 0.54 | 0.54 | 1.07 | 1.39 | 1.48 | 3.38 | 0.09 | 2.12 | 1.89 | 1.53 | 0.88 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 9.9M | 10.0M | 11.3M | 12.2M | 13.1M | 13.0M | 13.2M | 13.5M | 14.2M | 14.6M | 14.5M | 15.1M | 14.5M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | N/A | 23.6 | 41.1 | 10.6 | 13.9 | 16.5 | 7.4 | 116.8 | 18.6 | 62.0 | -16.4 |
| P/FCF | N/A | N/A | N/A | 14.2 | 5.6 | 3.2 | 5.1 | 3.7 | 465.0 | 5.6 | 5.2 | 3.7 | 3.9 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | 10.9 | 12.3 | 10.9 | 5.8 | 20.1 | 11.5 | 12.7 | 27.5 |
| Price/Book | N/A | N/A | N/A | 2.2 | 1.9 | 1.2 | 1.9 | 2.6 | 1.9 | 1.7 | 1.2 | 0.7 | 0.7 |
| Price/Sales | N/A | N/A | N/A | 0.6 | 0.6 | 0.4 | 0.4 | 0.6 | 0.6 | 0.4 | 0.5 | 0.3 | 0.3 |
| FCF Yield | N/A | N/A | N/A | 7.0% | 17.8% | 31.2% | 19.5% | 27.2% | 0.2% | 17.8% | 19.3% | 27.2% | 25.7% |
| Market Cap | 0 | 0 | 0 | 78M | 76M | 56M | 99M | 167M | 173M | 171M | 137M | 84M | 74M |
| Avg. Price | 0.00 | 0.00 | 0.00 | 5.56 | 5.85 | 5.30 | 5.85 | 10.58 | 16.19 | 11.48 | 12.80 | 6.18 | 5.09 |
| Year-End Price | 0.00 | 0.00 | 0.00 | 6.38 | 5.76 | 4.35 | 7.52 | 12.37 | 12.15 | 11.68 | 9.47 | 5.58 | 5.09 |
DLH Holdings Corp. passes 1 of 9 quality checks, indicating weak fundamentals.
DLH Holdings Corp. trades at 56.6x trailing earnings, compared to its 15-year median P/E of 17.5x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 3.4x vs a median of 5.2x. The company's 5-year average ROIC is 10.7% with a gross margin of 19.8%. At current prices, the estimated annualized return to fair value is +2.8%.
DLH Holdings Corp. (DLHC) has a net profit margin of 0.4%. This is a modest margin.
DLH Holdings Corp. (DLHC) generated $23 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
DLH Holdings Corp. (DLHC) has a debt-to-equity ratio of 1.35. This indicates moderate leverage.
DLH Holdings Corp. (DLHC) reported earnings per share (EPS) of $0.09 in its most recent fiscal year.
DLH Holdings Corp. (DLHC) has a return on equity (ROE) of 1.2%. This indicates moderate shareholder returns.
DLH Holdings Corp. (DLHC) has a 5-year average gross margin of 19.8%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 16 years of financial data for DLH Holdings Corp. (DLHC), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
DLH Holdings Corp. (DLHC) has a book value per share of $7.46, based on its most recent annual SEC filing.
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