Digital 9 Infrastructure Plc (DGI9) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: N/A
• Average Volume (3M): 1.44M
• Price to Earnings (P/E): ―
• Beta (1Y): -0.04
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: UK
• Employees: N/A
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): -0.02
• Shares Outstanding: 865,174,900
• 10 Day Avg. Volume: 1,607,577
• 30 Day Avg. Volume: 1,443,368
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.55
• Price to Sales (P/S): -0.42
• P/FCF Ratio: -14.86
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: £6.00
• Price Target Upside: 3.45% Upside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 43 Neutral
• Price Target: 5.00p ▼(-13.79% Downside)

The score is driven primarily by weak financial performance, including large recent losses, negative revenue, shrinking equity, and unstable cash flow. Technical signals also lean bearish with price below key moving averages and a negative MACD. Valuation is neutral due to missing P/E and dividend yield data.

Positive Factors

No reported debt

Absence of reported debt is a durable financial strength: it lowers refinancing and interest risks, preserves balance sheet flexibility to fund capex or acquisitions in digital infrastructure, and provides a cushion through sector cycles without immediate debt service pressure.

Exposure to secular digital infrastructure demand

Owning data centres, subsea and terrestrial fibre positions the company to benefit from multi-year secular growth in data traffic and connectivity. Structural demand for capacity supports potential long-term revenue and occupancy resilience for underlying assets.

Diversified digital infrastructure asset base

A multi-asset strategy across data centres, subsea and terrestrial fibre reduces concentration risk and can smooth cash flows across different markets and contract types, improving resilience to asset-specific disruptions and enabling cross-selling or scale benefits.

Negative Factors

Large recurring net losses

Sustained, very large net losses indicate core earnings weakness and persistent operating problems. Continued losses erode retained capital, reduce internal funding capacity for growth or maintenance, and materially weaken long-term shareholder value unless profitability reverses.

Inconsistent and weakening cash generation

A swing to negative operating and free cash flow signals cash burn risk and unreliable cash conversion. Weak cash generation constrains reinvestment in assets, dividend or distribution capacity, and may force equity raises or asset sales to fund operations over the medium term.

Severe equity erosion and deeply negative ROE

A sharp decline in equity and extreme negative ROE reflect material value destruction and impaired capital efficiency. This limits strategic flexibility, raises concerns about governance or strategy execution, and makes future capital raises more dilutive or costly for shareholders.

Digital 9 Infrastructure Plc Business Overview & Revenue Model

Company Description

Digital 9 Infrastructure PLC specializes in investment in digital infrastructure assets.

How the Company Makes Money

Digital 9 Infrastructure Plc Financial Statement Overview

Summary

Financials are weak: income statement shows sharply deteriorated operating performance with deeply negative revenue and very large net losses in 2023–2024. The balance sheet has the benefit of zero reported debt, but equity has fallen substantially and ROE is severely negative, indicating material value erosion. Cash flow is inconsistent and turned negative in 2024, raising sustainability concerns.

Income Statement

Operating performance has deteriorated sharply: revenue turned deeply negative in 2023–2024 (vs. positive in 2021–2022), and the company posted very large losses in both years (net income of about -237M in 2023 and -389M in 2024). While reported margins appear “high,” they are not meaningful given negative revenue and losses, and the extreme revenue decline signals a major break in earnings quality and business stability.

Balance Sheet

Leverage appears conservative with no debt reported in all periods, which reduces financial risk. However, equity has fallen substantially (from ~950M in 2022 to ~297M in 2024) alongside very poor returns on equity (about -35% in 2023 and -131% in 2024), indicating significant value erosion despite a still-positive equity base.

Cash Flow

Cash generation is inconsistent and recently weak: operating and free cash flow were positive in 2023 (~18M) but swung to negative in 2024 (~-11M), with a steep decline in free cash flow growth. Cash flow also does not reliably support profitability trends given large net losses and negative operating cash flow in 3 of the 4 years, raising concern about cash burn and sustainability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	27.96M	-385.40M	-229.24M	94.39M	2.94M
Gross Profit	23.99M	-385.40M	-229.24M	86.66M	-15.00K
EBITDA	-417.30M	-389.05M	-237.33M	92.07M	43.83M
Net Income	685.21M	-389.05M	-237.33M	92.07M	38.31M
Balance Sheet
Total Assets	692.34M	301.53M	692.34M	952.39M	757.77M
Cash, Cash Equivalents and Short-Term Investments	14.81M	12.10M	14.81M	30.00M	11.31M
Total Debt	0.00	0.00	0.00	0.00	0.00
Total Liabilities	6.01M	4.25M	6.01M	2.77M	1.91M
Stockholders Equity	686.33M	297.29M	686.33M	949.62M	755.86M
Cash Flow
Free Cash Flow	17.87M	-11.01M	17.87M	-5.48M	-5.52M
Operating Cash Flow	17.87M	-11.01M	17.87M	-5.48M	-5.52M
Investing Cash Flow	-7.10M	8.30M	-7.10M	-77.51M	-667.74M
Financing Cash Flow	-25.96M	0.00	-25.96M	101.68M	684.57M

Digital 9 Infrastructure Plc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FSG	73 Outperform	£482.08M	14.84	―	5.73%	―	―
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
GSF	65 Neutral	£273.76M	-8.54	-6.66%	8.18%	-9.72%	-25.25%
IPX	62 Neutral	£196.69M	10.38	16.48%	17.93%	-16.53%	-44.15%
RNEW	44 Neutral	$29.69M	-0.88	-47.36%	3.45%	―	―
DGI9	43 Neutral	―	―	-72.99%	―	―	―

Digital 9 Infrastructure Plc Corporate Events

Digital 9 Infrastructure Completes Aqua Comms Sale and Plans Capital Return

Digital 9 Infrastructure has completed the sale of its Atlantic and Irish Sea subsea fibre business, Aqua Comms, for a final net consideration of £34m, exceeding the asset’s June 2025 interim valuation by £1.6m. The board plans to return around two-thirds of the proceeds to shareholders via a pro‑rata compulsory capital redemption, retaining roughly one-third to fund ongoing operational costs and support the managed wind-down of the trust, including future planned disposals of Elio Networks and Arqiva and maintaining sufficient liquidity to optimise exit timing and handle unforeseen expenses.

The most recent analyst rating on (GB:DGI9) stock is a Sell with a £0.08 price target. To see the full list of analyst forecasts on Digital 9 Infrastructure Plc stock, see the GB:DGI9 Stock Forecast page.

Digital 9 Infrastructure Declines to Increase Stake in Arqiva Amid Managed Wind-Down

Digital 9 Infrastructure plc has confirmed it will not exercise its pre-emption rights to acquire an additional 26.5% stake in UK broadcast and communications infrastructure provider Arqiva, ahead of the expiry of a pre-emption notice referenced in a recent portfolio update. The board, working with InfraRed Capital Partners and external advisers, concluded after detailed due diligence that committing further capital to Arqiva would not be in shareholders’ best interests under the company’s March 2024 investment policy, which prioritises capital returns over new or follow-on investments except where necessary to protect value or support an orderly asset disposal. The decision underscores D9’s focus on executing its managed wind-down strategy, balancing risk, value maximisation and timely capital return to investors rather than expanding exposure to existing portfolio assets.

The most recent analyst rating on (GB:DGI9) stock is a Sell with a £0.08 price target. To see the full list of analyst forecasts on Digital 9 Infrastructure Plc stock, see the GB:DGI9 Stock Forecast page.

Digital 9 Infrastructure Updates on Arqiva Stake Sale and Strategic Wind-Down

Digital 9 Infrastructure plc has announced that minority shareholders of Arqiva Group, represented by Macquarie European Infrastructure Fund II, have agreed to sell their 26.5% stake in Arqiva for £16.5 million. Arqiva, a key provider of broadcasting and smart utility infrastructure in the UK, is a significant asset for Digital 9, representing 75% of its adjusted Gross Asset Value. The company is focused on maximizing shareholder value through a managed wind-down and is cautious about divesting its stake in Arqiva before resolving key contractual and financial decisions.

The most recent analyst rating on (GB:DGI9) stock is a Sell with a £0.08 price target. To see the full list of analyst forecasts on Digital 9 Infrastructure Plc stock, see the GB:DGI9 Stock Forecast page.