Loading...

We've got a brand new version of Simply Wall St! Try it out

DLH Holdings

Nasdaq:DLHC
Snowflake Description

Very undervalued with high growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DLHC
Nasdaq
$50M
Market Cap
  1. Home
  2. US
  3. Commercial Services
Company description

DLH Holdings Corp. provides healthcare and social services in the United States. The last earnings update was 100 days ago. More info.


Add to Portfolio Compare Print
DLHC Share Price and Events
7 Day Returns
2.3%
NasdaqCM:DLHC
-0.2%
US Professional Services
0.5%
US Market
1 Year Returns
-18.9%
NasdaqCM:DLHC
18.3%
US Professional Services
12.8%
US Market
DLHC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
DLH Holdings (DLHC) 2.3% -1.5% 2% -18.9% -20% 59.5%
US Professional Services -0.2% -2.8% -0.8% 18.3% 47.6% 64.2%
US Market 0.5% 4.3% 8% 12.8% 38.7% 44.5%
1 Year Return vs Industry and Market
  • DLHC underperformed the Professional Services industry which returned 18.3% over the past year.
  • DLHC underperformed the Market in United States of America which returned 12.8% over the past year.
Price Volatility
DLHC
Industry
5yr Volatility vs Market

Value

 Is DLH Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of DLH Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for DLH Holdings.

NasdaqCM:DLHC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.3%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqCM:DLHC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Professional Services Unlevered Beta Simply Wall St/ S&P Global 0.83
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.827 (1 + (1- 21%) (126.05%))
1.436
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.44
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.436 * 5.96%)
11.29%

Discounted Cash Flow Calculation for NasdaqCM:DLHC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for DLH Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

NasdaqCM:DLHC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 11.29%)
2020 17.20 Analyst x1 15.45
2021 17.66 Est @ 2.67% 14.26
2022 18.13 Est @ 2.69% 13.16
2023 18.62 Est @ 2.7% 12.14
2024 19.13 Est @ 2.71% 11.20
2025 19.65 Est @ 2.72% 10.34
2026 20.18 Est @ 2.72% 9.54
2027 20.73 Est @ 2.72% 8.81
2028 21.30 Est @ 2.73% 8.13
2029 21.88 Est @ 2.73% 7.51
Present value of next 10 years cash flows $110.00
NasdaqCM:DLHC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $21.88 × (1 + 2.73%) ÷ (11.29% – 2.73%)
$262.53
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $262.53 ÷ (1 + 11.29%)10
$90.07
NasdaqCM:DLHC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $110.00 + $90.07
$200.07
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $200.07 / 12.04
$16.62
NasdaqCM:DLHC Discount to Share Price
Calculation Result
Value per share (USD) From above. $16.62
Current discount Discount to share price of $4.19
= -1 x ($4.19 - $16.62) / $16.62
74.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price DLH Holdings is available for.
Intrinsic value
>50%
Share price is $4.19 vs Future cash flow value of $16.62
Current Discount Checks
For DLH Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • DLH Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • DLH Holdings's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for DLH Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are DLH Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:DLHC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $0.46
NasdaqCM:DLHC Share Price ** NasdaqCM (2019-11-13) in USD $4.19
United States of America Professional Services Industry PE Ratio Median Figure of 38 Publicly-Listed Professional Services Companies 18.82x
United States of America Market PE Ratio Median Figure of 2,922 Publicly-Listed Companies 18.24x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of DLH Holdings.

NasdaqCM:DLHC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:DLHC Share Price ÷ EPS (both in USD)

= 4.19 ÷ 0.46

9.11x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • DLH Holdings is good value based on earnings compared to the US Professional Services industry average.
  • DLH Holdings is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does DLH Holdings's expected growth come at a high price?
Raw Data
NasdaqCM:DLHC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.11x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
34.1%per year
United States of America Professional Services Industry PEG Ratio Median Figure of 31 Publicly-Listed Professional Services Companies 1.4x
United States of America Market PEG Ratio Median Figure of 2,023 Publicly-Listed Companies 1.46x

*Line of best fit is calculated by linear regression .

NasdaqCM:DLHC PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.11x ÷ 34.1%

0.27x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • DLH Holdings is good value based on expected growth next year.
Price based on value of assets
What value do investors place on DLH Holdings's assets?
Raw Data
NasdaqCM:DLHC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $3.64
NasdaqCM:DLHC Share Price * NasdaqCM (2019-11-13) in USD $4.19
United States of America Professional Services Industry PB Ratio Median Figure of 62 Publicly-Listed Professional Services Companies 2.27x
United States of America Market PB Ratio Median Figure of 5,070 Publicly-Listed Companies 1.73x
NasdaqCM:DLHC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:DLHC Share Price ÷ Book Value per Share (both in USD)

= 4.19 ÷ 3.64

1.15x

* Primary Listing of DLH Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • DLH Holdings is good value based on assets compared to the US Professional Services industry average.
X
Value checks
We assess DLH Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Professional Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Professional Services industry average (and greater than 0)? (1 check)
  5. DLH Holdings has a total score of 6/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is DLH Holdings expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
34.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is DLH Holdings expected to grow at an attractive rate?
  • DLH Holdings's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • DLH Holdings's earnings growth is expected to exceed the United States of America market average.
  • DLH Holdings's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:DLHC Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqCM:DLHC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 34.1%
NasdaqCM:DLHC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 32.3%
United States of America Professional Services Industry Earnings Growth Rate Market Cap Weighted Average 29.7%
United States of America Professional Services Industry Revenue Growth Rate Market Cap Weighted Average 6.6%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqCM:DLHC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:DLHC Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-09-30 210 19 8 2
2019-11-13
2019-09-30 158 15 5 2
NasdaqCM:DLHC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 139 17 6
2019-03-31 136 17 6
2018-12-31 137 13 6
2018-09-30 133 14 2
2018-06-30 131 10 1
2018-03-31 124 8 0
2017-12-31 120 6 0
2017-09-30 116 7 3
2017-06-30 112 8 5
2017-03-31 108 7 4
2016-12-31 95 6 4
2016-09-30 86 6 3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • DLH Holdings's earnings are expected to grow significantly at over 20% yearly.
  • DLH Holdings's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqCM:DLHC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from DLH Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:DLHC Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-09-30 0.61 0.61 0.61 1.00
2019-11-13
2019-09-30 0.42 0.42 0.42 1.00
NasdaqCM:DLHC Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 0.46
2019-03-31 0.53
2018-12-31 0.54
2018-09-30 0.15
2018-06-30 0.09
2018-03-31 0.04
2017-12-31 0.01
2017-09-30 0.29
2017-06-30 0.42
2017-03-31 0.42
2016-12-31 0.37
2016-09-30 0.34

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if DLH Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess DLH Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
DLH Holdings has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has DLH Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare DLH Holdings's growth in the last year to its industry (Professional Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • DLH Holdings's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • DLH Holdings's 1-year earnings growth exceeds its 5-year average (392.9% vs -9%)
  • DLH Holdings's earnings growth has exceeded the US Professional Services industry average in the past year (392.9% vs 23.8%).
Earnings and Revenue History
DLH Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from DLH Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:DLHC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 138.70 5.52 20.26
2019-03-31 136.13 6.33 19.47
2018-12-31 136.77 6.38 18.96
2018-09-30 133.24 1.84 19.18
2018-06-30 131.14 1.12 19.44
2018-03-31 124.26 0.45 18.30
2017-12-31 119.77 0.11 17.63
2017-09-30 115.66 3.29 17.47
2017-06-30 112.39 4.64 16.84
2017-03-31 108.13 4.47 16.22
2016-12-31 95.15 3.82 14.72
2016-09-30 85.60 3.38 12.52
2016-06-30 75.47 9.24 10.82
2016-03-31 67.26 8.90 9.72
2015-12-31 66.22 8.48 9.40
2015-09-30 65.35 8.73 9.14
2015-06-30 63.94 5.26 8.83
2015-03-31 62.85 5.08 8.57
2014-12-31 61.70 5.36 8.32
2014-09-30 60.49 5.36 8.09
2014-06-30 58.96 0.59 7.74
2014-03-31 56.73 0.41 7.52
2013-12-31 54.99 0.10 7.30
2013-09-30 53.51 -0.16 7.13
2013-06-30 51.92 -0.52 7.20
2013-03-31 51.08 -1.16 7.35
2012-12-31 50.69 -1.77 7.46

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • DLH Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • DLH Holdings used its assets less efficiently than the US Professional Services industry average last year based on Return on Assets.
  • DLH Holdings has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess DLH Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Professional Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
DLH Holdings has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is DLH Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up DLH Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • DLH Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • DLH Holdings's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of DLH Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from DLH Holdings Company Filings, last reported 4 months ago.

NasdaqCM:DLHC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 43.81 63.63 6.01
2019-03-31 42.80 0.00 5.46
2018-12-31 41.34 6.72 4.33
2018-09-30 39.42 6.96 6.36
2018-06-30 37.46 13.14 6.59
2018-03-31 35.60 14.07 3.59
2017-12-31 34.09 17.86 3.24
2017-09-30 35.86 18.73 4.93
2017-06-30 34.75 19.60 4.60
2017-03-31 33.64 20.47 3.09
2016-12-31 32.59 21.34 2.47
2016-09-30 31.78 22.22 3.43
2016-06-30 26.76 26.54 2.82
2016-03-31 23.43 0.00 6.93
2015-12-31 23.09 0.00 6.00
2015-09-30 22.87 0.00 5.56
2015-06-30 14.57 0.00 4.74
2015-03-31 14.07 0.00 4.22
2014-12-31 14.25 0.00 3.76
2014-09-30 13.85 0.00 3.91
2014-06-30 9.03 0.00 3.84
2014-03-31 8.71 0.58 3.15
2013-12-31 8.44 0.94 2.57
2013-09-30 7.78 1.29 3.41
2013-06-30 7.74 2.62 3.31
2013-03-31 7.63 2.76 3.20
2012-12-31 7.71 2.06 3.24
  • DLH Holdings's level of debt (145.3%) compared to net worth is high (greater than 40%).
  • Unable to establish if DLH Holdings's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (27.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7x coverage).
X
Financial health checks
We assess DLH Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. DLH Holdings has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is DLH Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from DLH Holdings dividends.
If you bought $2,000 of DLH Holdings shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate DLH Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate DLH Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqCM:DLHC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
United States of America Professional Services Industry Average Dividend Yield Market Cap Weighted Average of 19 Stocks 1.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1948 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqCM:DLHC Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-09-30
2019-11-13
2019-09-30

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as DLH Holdings has not reported any payouts.
  • Unable to verify if DLH Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of DLH Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as DLH Holdings has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess DLH Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can DLH Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. DLH Holdings has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of DLH Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Zach Parker
COMPENSATION $958,536
AGE 62
TENURE AS CEO 9.8 years
CEO Bio

Mr. Zachary C. Parker, also known as Zach, has been the Chief Executive Officer and President of DLH Holdings Corp., the parent company of TeamStaff Government Solutions, Inc. and DLH Solutions, Inc. since February 22, 2010. Mr. Parker served as the President at VT Griffin Services, Inc. since January 2009. He served as an Executive Vice President for Business Development for the U.S. operations of VT Group, a segment of VT Group, PLC, from March 2008 to February 2010, Mr. Parker was responsible for strategic planning, new business development and overseeing business intelligence and market research and communications. He joined the VT Group following a nineteen year career with Northrop Grumman where he held a number of key leadership and business development positions, including Executive Director, Business Development. He has over 25 years of experience with the government services market, including DoD, holding several senior and executive management positions in addition to business development posts. His executive development includes the GE Crotonville Executive Development Program and Darden Executive Leadership Program. Mr. Parker is active in both professional and community associations including the Governmental Affairs Committee and the Veteran Affairs Task Force of the Washington DC-based Professional Services Council and has served as industry co-chair of the Government/Industry Partnership Executive council. He is an advisory board member of Hero Health Hire (a non-profit entity). He served as an Executive Director in the Mission Systems and Information Technology sector at Northrop Grumman. He has team Staff experience in the government services industry in a variety of leadership roles focused on the provision of program management and systems engineering services, logistics and complementary services for the U.S. Department of Defense, civil agencies and commercial clients. Mr. Parker served at Northrop for 19 years, where he held several leadership roles and developed a strong track record to lead, grow profits and diversity operations in management, systems engineering and integration, IT, logistics services and O&M services and was also instrumental in orchestrating operational transitions resulting from five mergers and acquisitions. He has a wealth of aerospace and defense industry experience. Mr. Parker has been a Director of DLH Holdings Corp. since February 22, 2010. He is active in both professional and community associations, served as Co-chair of the DoD/Industry Partnership Executive Council and has been active in the National Defense Industry Association, American Society of Naval Engineers, American Society of Quality Control, Homeland Security Executive Board and the Professional Services Council. Mr. Parker earned his bachelor’s degree from California State University, Northridge (with honors) specializing in Human Factors Engineering and has completed post-graduate studies.

CEO Compensation
  • Zach's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Zach's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the DLH Holdings management team in years:

8.2
Average Tenure
60
Average Age
  • The average tenure for the DLH Holdings management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Zach Parker

TITLE
President
COMPENSATION
$959K
AGE
62
TENURE
9.8 yrs

Kathryn JohnBull

TITLE
CFO & Treasurer
COMPENSATION
$624K
AGE
60
TENURE
7.4 yrs

Kevin Wilson

TITLE
President of DLH Solutions Inc
COMPENSATION
$403K
AGE
54
TENURE
11.1 yrs

Helene Fisher

TITLE
President of Mission Services & Solutions operating unit
COMPENSATION
$473K
AGE
55
TENURE
2.8 yrs

Gil Tadmor

TITLE
Corporate Chief Technology Officer
TENURE
1.2 yrs

Chris Witty

TITLE
Managing Director Investor Relations

John Armstrong

TITLE
Executive Vice President of Corporate Development
COMPENSATION
$350K
AGE
70
TENURE
8.9 yrs

Victor DiGioia

TITLE
Secretary
Board of Directors Tenure

Average tenure and age of the DLH Holdings board of directors in years:

8.4
Average Tenure
65
Average Age
  • The tenure for the DLH Holdings board of directors is about average.
Board of Directors

Rick Wasserman

TITLE
Chairman of the Board
COMPENSATION
$140K
AGE
64
TENURE
10.3 yrs

Zach Parker

TITLE
President
COMPENSATION
$959K
AGE
62
TENURE
9.8 yrs

Martin Delaney

TITLE
Independent Director
COMPENSATION
$128K
AGE
76
TENURE
21.3 yrs

William Alderman

TITLE
Independent Director
COMPENSATION
$124K
AGE
57
TENURE
12.8 yrs

Austin Yerks

TITLE
Independent Director
COMPENSATION
$126K
AGE
73
TENURE
7 yrs

Frances Murphy

TITLE
Independent Director
COMPENSATION
$117K
AGE
65
TENURE
3.8 yrs

Elder Granger

TITLE
Independent Director
COMPENSATION
$123K
AGE
65
TENURE
5 yrs

Jim Allen

TITLE
Independent Director
COMPENSATION
$52K
AGE
70
TENURE
2.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
12. Aug 19 Buy Wynnefield Capital, Inc. Company 08. Aug 19 10. Aug 19 10,000 $4.25 $42,500
18. Mar 19 Sell Wynnefield Capital, Inc. Company 14. Mar 19 15. Mar 19 -116,850 $6.04 $-703,722
18. Mar 19 Sell Kevin Wilson Individual 15. Mar 19 15. Mar 19 -20,000 $6.01 $-120,200
12. Mar 19 Sell Wynnefield Capital, Inc. Company 08. Mar 19 11. Mar 19 -219,500 $6.10 $-1,324,078
07. Mar 19 Sell Wynnefield Capital, Inc. Company 05. Mar 19 05. Mar 19 -20,058 $6.30 $-126,365
27. Feb 19 Sell Wynnefield Capital, Inc. Company 25. Feb 19 25. Feb 19 -26,000 $6.30 $-163,800
26. Feb 19 Sell William Alderman Individual 25. Feb 19 25. Feb 19 -13,139 $6.28 $-82,513
X
Management checks
We assess DLH Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. DLH Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Here's Why DLH Holdings (NASDAQ:DLHC) Can Manage Its Debt Responsibly

When we examine debt levels, we first consider both cash and debt levels, together. … NasdaqCM:DLHC Historical Debt, August 31st 2019 How Healthy Is DLH Holdings's Balance Sheet? … Our View Both DLH Holdings's ability to to convert EBIT to free cash flow and its EBIT growth rate gave us comfort that it can handle its debt.

Simply Wall St -

Does DLH Holdings Corp.'s (NASDAQ:DLHC) P/E Ratio Signal A Buying Opportunity?

View our latest analysis for DLH Holdings How Do I Calculate A Price To Earnings Ratio? … The formula for price to earnings is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for DLH Holdings: P/E of 9.19 = $4.23 ÷ $0.46 (Based on the year to June 2019.) Is A High Price-to-Earnings Ratio Good? … The higher the P/E ratio, the higher the price tag of a business, relative to its trailing earnings.

Simply Wall St -

Does The Data Make DLH Holdings Corp. (NASDAQ:DLHC) An Attractive Investment?

Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity. … Take a look at our free balance sheet analysis with six simple checks on key factors like leverage and risk. … We aim to bring you long-term focused research analysis driven by fundamental data.

Simply Wall St -

What Kind Of Shareholder Appears On The DLH Holdings Corp.'s (NASDAQ:DLHC) Shareholder Register?

Our analysis of the ownership of the company, below, shows that institutions are noticeable on the share registry. … Private Company Ownership Our data indicates that Private Companies hold 5.5%, of the company's shares. … Private companies may also have a strategic interest in the company.

Simply Wall St -

How Does Investing In DLH Holdings Corp. (NASDAQ:DLHC) Impact The Volatility Of Your Portfolio?

Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market. … While history does not always repeat, this may indicate that the stock price will continue to be exposed to market risk, albeit not overly so.

Simply Wall St -

Did DLH Holdings Corp. (NASDAQ:DLHC) Use Debt To Deliver Its ROE Of 15%?

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for DLH Holdings: 15% = US$6.3m ÷ US$43m (Based on the trailing twelve months to March 2019.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Combining DLH Holdings's Debt And Its 15% Return On Equity DLH Holdings is free of net debt, which is a positive for shareholders. … A company that can achieve a high return on equity without debt could be considered a high quality business.

Simply Wall St -

Is It Time To Consider Buying DLH Holdings Corp. (NASDAQ:DLHC)?

Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. … Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations. … With a positive outlook on the horizon, it seems like this growth has not yet been fully factored into the share price.

Simply Wall St -

Should You Be Worried About Insider Transactions At DLH Holdings Corp. (NASDAQ:DLHC)?

As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.' Check out our latest analysis for DLH Holdings The Last 12 Months Of Insider Transactions At DLH Holdings In the last twelve months, the biggest single sale by an insider was when the President of DLH Solutions Inc, Kevin Wilson, sold US$150k worth of shares at a price of US$5.00 per share. … Insider Ownership For a common shareholder, it is worth checking how many shares are held by company insiders. … Our data indicates that DLH Holdings insiders own about US$6.4m worth of shares (which is 11% of the company).

Simply Wall St -

Should You Like DLH Holdings Corp.’s (NASDAQ:DLHC) High Return On Capital Employed?

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for DLH Holdings: 0.24 = US$10m ÷ (US$60m - US$17m) (Based on the trailing twelve months to March 2019.) So, DLH Holdings has an ROCE of 24%. … Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE. … Our Take On DLH Holdings's ROCE With low current liabilities and a high ROCE, DLH Holdings could be worthy of further investigation.

Simply Wall St -

Should You Worry About DLH Holdings Corp.'s (NASDAQ:DLHC) CEO Salary Level?

Check out our latest analysis for DLH Holdings How Does Zach Parker's Compensation Compare With Similar Sized Companies? … We took a group of companies with market capitalizations below US$200m, and calculated the median CEO total compensation to be US$451k. … We compared the total CEO remuneration paid by DLH Holdings Corp., and compared it to remuneration at a group of similar sized companies.

Simply Wall St -

Company Info

Description

DLH Holdings Corp. provides healthcare and social services in the United States. It offers defense and veterans’ health solutions, including case management, physical and behavioral health examinations, and medical administration and logistics services. The company also provides a range of human services and solutions, which consists of educational and environmental support services for the underserved children and youth comprising health, nutritional, parental, and behavioral services; and IT system architecture design, migration plan, and ongoing maintenance services. In addition, it offers public health and life sciences services, such as disease prevention; and health promotion to underserved and hard to reach at-risk communities through development of strategic communication campaigns, research on emerging trends, health informatics analyses, and application of best practices. The company offers its services to government agencies and other government clients. The company was formerly known as TeamStaff, Inc. and changed its name to DLH Holdings Corp. in June 2012. DLH Holdings Corp. was founded in 1969 and is headquartered in Atlanta, Georgia.

Details
Name: DLH Holdings Corp.
DLHC
Exchange: NasdaqCM
Founded: 1969
$50,480,737
12,036,131
Website: http://www.dlhcorp.com
Address: DLH Holdings Corp.
Building 3,
Suite 700,
Atlanta,
Georgia, 30305,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM DLHC Common Stock Nasdaq Capital Market US USD 16. May 1986
DB TS8A Common Stock Deutsche Boerse AG DE EUR 16. May 1986
Number of employees
Current staff
Staff numbers
1,900
DLH Holdings employees.
Industry
Human Resource and Employment Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/13 23:48
End of day share price update: 2019/11/13 00:00
Last estimates confirmation: 2019/10/16
Last earnings filing: 2019/08/05
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/09/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.