DH Group Nyrt

DH Group Nyrt maintains a liquidity position with a current ratio of 2.74, indicating a strong ability to meet short-term obligations. The company's liquidity_fpt is supported by cash and equivalents of 8,189.5 million HUF, although its net cash position is negative after subtracting total debt. The debt-to-equity ratio of 2.31 suggests a leveraged capital structure, which may increase financial risk in periods of rising interest rates.

Profitability metrics show a return on equity (ROE) of 7.36% and a return on assets (ROA) of 1.3%, which are below the industry median for real estate services. The operating margin of 7.6% is also below the sector average, indicating potential inefficiencies in cost management or pricing power. The company's net income of 441.9 million HUF reflects a healthy bottom line, but the operating income of 676.5 million HUF suggests that non-operating expenses are eroding profitability.

The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to regional economic downturns or regulatory changes. The capital expenditure of -37.6 million HUF indicates a reduction in investment in physical assets, which may signal a shift toward asset-light operations or a focus on cost containment.

Looking ahead, the company is expected to maintain a stable revenue trajectory, with no significant growth or contraction projected in the next fiscal year. The free cash flow of 682.7 million HUF provides flexibility for dividends or further debt reduction, but the company's leverage remains a concern. The risk assessment highlights liquidity as a medium concern, with dilution risk rated as low. However, the negative net cash position after subtracting total debt is a key flag that may impact investor confidence.

Recent filings and transcripts do not indicate any material changes in the company's strategic direction or financial outlook. The analyst community has assigned a strong buy rating, with a mean price target of 1,570 HUF and a median price target of 1,570 HUF. The consensus suggests that the market views the company as undervalued, but the leverage and liquidity concerns may limit upside potential in the near term.

Revenue grew at a 35% CAGR from 2022 to 2026, demonstrating strong top-line expansion potential.

Analysts assign a strong buy rating with a 24.6% upside to the current market price.

Net income is projected to surge 109.8% year-over-year in the latest fiscal period.

The debt-to-equity ratio of 2.31 places the company in the bottom quartile of its cohort.

High credit risk flags indicate significant potential for financial distress or default issues.

Free cash flow turned negative in 2024 and 2025, indicating recent cash generation challenges.

Medium liquidity risk suggests potential difficulties in meeting short-term financial obligations.

Revenue HUF 48.99B, +23,4% YoY; Operating income +68,1% YoY.

• ▍Revenue HUF 48.99B, +23,4% YoY
• ▍Operating income +68,1% YoY
• ▍Net income +109,8% YoY
• ▍Free cash flow +321,8% YoY
• ▍Net margin 9.0%

Revenue HUF 39.71B, +21,0% YoY; Operating income +100,2% YoY.

• ▍Revenue HUF 39.71B, +21,0% YoY
• ▍Operating income +100,2% YoY
• ▍Net income −22,5% YoY
• ▍Free cash flow −361,6% YoY
• ▍Net margin 5.3%

Revenue HUF 32.82B, +7,0% YoY; Operating income −42,8% YoY.

• ▍Revenue HUF 32.82B, +7,0% YoY
• ▍Operating income −42,8% YoY
• ▍Net income −0,2% YoY
• ▍Free cash flow −117,1% YoY
• ▍Net margin 8.2%

Revenue HUF 30.67B, +107,8% YoY; Operating income +102,7% YoY.

• ▍Revenue HUF 30.67B, +107,8% YoY
• ▍Operating income +102,7% YoY
• ▍Net income +84,4% YoY
• ▍Free cash flow +892,3% YoY
• ▍Net margin 8.8%

Revenue HUF 14.76B; Operating income HUF 1.70B.

• ▍Revenue HUF 14.76B
• ▍Operating income HUF 1.70B
• ▍Net margin 10.0%