DHI Group Inc Dossier
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SectorCommunication Services IndustryInteractive Media & Services Beta (adjusted)1.13 Intrinsic Value $2.67median of 3 methodsbased on filings through 30 Jun 2026 Market Price $4.77Price as of 1 Oct 2026 OvervaluedIntrinsic value is 44% below the market price −50% · IV below pricenear fair value ±15%IV above price · +50% Data confidence Sign in to view data confidence Market Cap $206.1M Enterprise Value $234.3M Shares Outstanding 41.6M diluted Moat Rating None Next Earnings Date4 Nov 2026 All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference. ThesisStreet consensus, scenarios, merits, risks, and invalidation triggers Thesis Summary DHI Group, Inc. (NYSE: DHX) presents a bifurcated operational profile. Its ClearanceJobs segment continues to deliver durable, high-margin growth, benefiting from a favorable government spending environment and successful integrations of recent acquisitions like Point Solutions Group and AgileATS. Conversely, the Dice segment remains under significant pressure due to persistent softness in commercial tech hiring, leading to double-digit declines in bookings and revenue. While management has demonstrated excellent cost discipline—expanding the Q1 2026 Adjusted EBITDA margin by 500 basis points to 27% and generating strong free cash flow—the overall top-line recovery is heavily dependent on a stabilization of the broader tech employment cycle. Consequently, a Hold rating is recommended until Dice shows clear signs of bottoming out. This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today. Street view · analyst 12-month targets Low · most bearish analyst$5.00 Mean target$6.75 High · most bullish analyst$10.00 Street targets sit above today's price; our intrinsic value sits below it. Different horizons, different questions. Our research · scenarios, merits, risks, and invalidation triggersResearch as of 19 Jun 2026 Scenarios · 12-month scenario targets Bear CaseDownside scenario $3.0020% Dice bookings continue to decline by 20% or more due to prolonged commercial tech sector layoffs and intense competition from horizontal giants like LinkedIn and Indeed. ClearanceJobs growth slows as government contracting cycles lengthen, leading to margin compression and reduced free cash flow. Base CaseCentral scenario $4.5050% ClearanceJobs continues its steady mid-single-digit growth, offsetting the gradual stabilization of Dice. Dice bookings declines moderate to single digits by late 2026. Management maintains disciplined cost control, keeping the full-year Adjusted EBITDA margin around the guided 25% level. Bull CaseUpside scenario $5.8330% The commercial tech hiring market rebounds rapidly, driving a swift recovery in Dice bookings. Simultaneously, ClearanceJobs accelerates its expansion into the GovTech sector via AgileATS, pushing total company revenue growth back into positive territory while maintaining Adjusted EBITDA margins above 27%. Scenarios are anchored to street consensus at the research date, with our probabilities and rationale. Key Investment Merits
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All scenarios are estimates and subject to change. Past performance is not indicative of future results. Quality Pillars MembersThis section is available to registered members. Create a free account or sign in to unlock the full breakdown. Explore this dossierValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework. |