Dillistone Group PLC (GB:DSG)
LSE:DSG
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Dillistone
(LSE:DSG)
Select Model
Select Model
Rating:54Neutral
Price Target:
11.00 p
▲(29.41% Upside)
Action:Reiterated
Date:05/09/26
The score is primarily supported by improving and resilient cash generation and a reasonably stable balance sheet, but is meaningfully weighed down by shrinking revenue and inconsistent profitability (including a 2025 net loss). Technically, the stock shows near-term softness versus short moving averages with only mild momentum, and valuation is constrained by negative earnings and no provided dividend yield.
Positive Factors
Strong cash generation
Consistent positive operating cash flow and solid free cash flow in 2024–2025 show durable cash conversion even when accounting profits falter. This supports reinvestment, working capital and debt service, giving the business financial flexibility to execute strategy over the medium term.
Negative Factors
Multi-year revenue contraction
A steady decline in revenue over several years erodes scale, reduces pricing leverage and increases per‑customer cost-to-serve. Structural top-line weakness threatens long-term competitiveness in recruitment software unless product-market fit or distribution is improved.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Consistent positive operating cash flow and solid free cash flow in 2024–2025 show durable cash conversion even when accounting profits falter. This supports reinvestment, working capital and debt service, giving the business financial flexibility to execute strategy over the medium term.
Read all positive factors
Dillistone (DSG) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£3.72M
Dividend YieldN/A
Average Volume (3M)1.66K
Price to Earnings (P/E)―
Beta (1Y)0.77
Revenue Growth-14.30%
EPS Growth-830.00%
CountryUK
Employees70
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)-0.01
Shares Outstanding35,418,022
10 Day Avg. Volume450
30 Day Avg. Volume1,662
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.58
Price to Sales (P/S)0.41
P/FCF Ratio1.88
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)<0.01
Revenue Forecast (FY)£4.52M
Dillistone Business Overview & Revenue Model
Company Description
Dillistone Group Plc, established in 1983 and based in Basingstoke, United Kingdom, furnishes a comprehensive array of technology solutions and services to clients across the globe, including the UK, Europe, the Americas, and Australia. The compan...
How the Company Makes Money
DSG makes money primarily by selling access to its recruitment software products. Revenue is typically generated through recurring software subscriptions and/or licensing fees paid by recruitment agencies and corporate HR/recruitment teams for the...
Dillistone Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
63
Positive
Cash Flow
70
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.20M | 4.90M | 5.59M | 5.70M | 5.60M |
| Gross Profit | 2.68M | 3.27M | 4.99M | 3.62M | 3.58M |
| EBITDA | 1.12M | 1.30M | 1.28M | 949.00K | 1.16M |
| Net Income | -298.00K | 40.00K | 3.00K | -183.00K | 4.00K |
Balance Sheet | |||||
| Total Assets | 6.12M | 6.68M | 6.83M | 8.04M | 8.58M |
| Cash, Cash Equivalents and Short-Term Investments | 0.00 | 0.00 | 0.00 | 433.00K | 764.00K |
| Total Debt | 1.37M | 1.43M | 1.18M | 2.01M | 2.40M |
| Total Liabilities | 3.10M | 3.37M | 3.61M | 4.82M | 5.20M |
| Stockholders Equity | 3.01M | 3.31M | 3.22M | 3.22M | 3.38M |
Cash Flow | |||||
| Free Cash Flow | 922.00K | 799.00K | 91.00K | 33.00K | 44.00K |
| Operating Cash Flow | 927.00K | 807.00K | 1.06M | 1.05M | 1.05M |
| Investing Cash Flow | -863.00K | -888.00K | -972.00K | -1.02M | -1.01M |
| Financing Cash Flow | -200.00K | -108.00K | -532.00K | -395.00K | -664.00K |
Dillistone Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | £132.71M | 14.88 | 15.55% | 1.71% | 2.78% | 62.26% | |
68 Neutral | £203.01M | 82.94 | 5.22% | 0.80% | 19.00% | -53.85% | |
65 Neutral | £42.62M | 32.92 | 19.30% | 0.77% | 15.92% | 154.39% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
55 Neutral | £439.45M | -5.94 | -14.39% | 1.73% | 0.82% | -997.08% | |
54 Neutral | £3.72M | -7.20 | 0.89% | ― | -14.30% | -830.00% | |
47 Neutral | £94.59M | 37.40 | 10.33% | ― | -2.45% | ― |
* Technology Sector Average
GB:DSG
Dillistone
10.90
1.90
21.11%
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Dillistone Corporate Events
Business Operations and StrategyExecutive/Board ChangesFinancial DisclosuresPrivate Placements and Financing
Dillistone tightens margins, raises £1.5m to fund acquisition-led shift
Neutral
May 7, 2026
Dillistone Group reported a challenging 2025, with revenue down 14% to £4.2m and a swing to a £0.34m pre-tax loss after exceptional charges, including a software asset write-down. Despite the downturn in the recruitment market, the group...
Business Operations and StrategyFinancial Disclosures
Dillistone sets date for 2025 finals and opens investor briefing
Positive
Apr 24, 2026
Dillistone Group Plc, a specialist provider of recruitment software and related services through its Ikiru People brand, focuses on tools such as Talentis, FileFinder, Infinity, Mid-Office, ISV, GatedTalent and Voyager to support staffing and tale...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.