Dillistone (DSG) AI Stock Analysis

• Market Cap: £1.74M
• Dividend Yield: N/A
• Average Volume (3M): 1.66K
• Price to Earnings (P/E): 56.7
• Beta (1Y): 0.55
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: UK
• Employees: 70
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): >-0.01
• Shares Outstanding: 20,418,020
• 10 Day Avg. Volume: 450
• 30 Day Avg. Volume: 1,662
• PEG Ratio: 0.04
• Price to Book (P/B): 0.44
• Price to Sales (P/S): 0.30
• P/FCF Ratio: 1.81
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 51 Neutral
• Price Target: 8.50p ▲(0.00% Upside)

The score is driven primarily by improving financial health (better operating profitability, lower leverage, and stronger free cash flow in 2024), but it is held back by a weak technical setup (below key moving averages with negative MACD and very low RSI) and a high P/E valuation with no dividend yield provided.

Dillistone Business Overview & Revenue Model

Company Description

Dillistone Group Plc provides technology solutions and services in the United Kingdom, Europe, the Americas, Australia, and internationally. It offers FileFinder, a solution for executive search firms and to in-house executive search and sourcing teams; GatedTalent, a platform that connects executives to retained executive search firms; ISV.online that offers online skills testing, working with recruiters, consultancies, and employers; and Talentis Global, a next generation executive search, recruiting, and candidate sourcing platform. The company also offers Voyager, which includes Voyager Infinity that streamlines the recruitment processes for various types of permanent, contract, and temporary positions; and Voyager Mid-Office, an automated way of managing placements, processing timesheets, raising invoices, paying staff, and updating accounts packages. It serves recruitment, staffing, and executive search businesses, as well as corporate talent acquisition teams. The company was founded in 1983 and is headquartered in Basingstoke, the United Kingdom.

How the Company Makes Money

Dillistone Financial Statement Overview

Summary

Operating profitability has improved with positive operating profit in 2023–2024 and EBITDA margins in the low-to-mid 20s, leverage has declined (debt-to-equity ~0.43 in 2024), and free cash flow stepped up in 2024. Offsetting this, revenue has been trending down (about -7.3% in 2024) and net profitability/returns remain very thin (net margin ~0.8%, ROE ~1.2%), leaving limited margin for error.

Income Statement

Profitability has improved meaningfully versus earlier years, with operating profit turning positive in 2023–2024 and EBITDA margins holding in the low-to-mid 20s in 2023–2024. However, revenue has been drifting down (down ~7.3% in 2024 after roughly flat-to-down trends in 2021–2023), and bottom-line profitability remains thin (net margin ~0.8% in 2024, near breakeven in 2023), leaving results sensitive to small changes in costs or demand.

Balance Sheet

Leverage has moved in the right direction: debt-to-equity improved from ~0.88 (2020) and ~0.71 (2021) to ~0.43 (2024), indicating a less levered balance sheet. Equity levels have been relatively stable, but returns on equity remain very low (about ~1.2% in 2024) following losses in 2020 and 2022, suggesting the company is still not generating strong returns from its capital base.

Cash Flow

Cash generation is a relative strength: operating cash flow has been consistently positive each year, and free cash flow improved sharply in 2024 (to ~799k, up ~54% year over year) after being modest in 2021–2023 and negative in 2020. That said, cash conversion has been uneven historically (very low free cash flow in 2021–2023 and negative in 2020), so sustaining the 2024 step-up is an important watch item.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	4.56M	4.90M	5.59M	5.70M	5.60M	6.33M
Gross Profit	3.55M	3.27M	4.99M	3.62M	3.58M	4.20M
EBITDA	1.20M	1.30M	1.28M	949.00K	1.16M	761.00K
Net Income	29.00K	40.00K	3.00K	-183.00K	4.00K	-663.00K
Balance Sheet
Total Assets	6.45M	6.68M	6.83M	8.04M	8.58M	9.84M
Cash, Cash Equivalents and Short-Term Investments	0.00	0.00	0.00	433.00K	764.00K	1.29M
Total Debt	1.40M	1.43M	1.18M	2.01M	2.40M	2.95M
Total Liabilities	3.16M	3.37M	3.61M	4.82M	5.20M	6.47M
Stockholders Equity	3.29M	3.31M	3.22M	3.22M	3.38M	3.37M
Cash Flow
Free Cash Flow	878.00K	799.00K	91.00K	33.00K	44.00K	-350.00K
Operating Cash Flow	886.00K	807.00K	1.06M	1.05M	1.05M	621.00K
Investing Cash Flow	-866.00K	-888.00K	-972.00K	-1.02M	-1.01M	-971.00K
Financing Cash Flow	92.00K	-108.00K	-532.00K	-395.00K	-664.00K	848.00K

Dillistone Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GBG	70 Outperform	£566.72M	66.85	1.56%	1.73%	-0.18%	11.49%
TRB	70 Outperform	£151.05M	18.70	15.34%	1.71%	3.48%	318.89%
SKL	69 Neutral	£68.54M	62.70	17.89%	0.77%	14.64%	916.67%
NET	68 Neutral	£225.04M	53.88	9.59%	0.80%	22.80%	-32.13%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
DSG	51 Neutral	£1.74M	56.67	0.89%	―	―	―
RM	46 Neutral	£101.76M	-68.63	-3.40%	―	-14.23%	97.27%