ZYBERNO
Stock Report
Updated Aug 31, 2026

DHI Group, Inc. (DHX)

NYSE

$4.05

Professional Investment Analysis

ZYBERNO SCORE
Is it a great business? Is it getting better?
34.0/100
WEAK BUSINESS
DHI Group, Inc. (DHX) scores 34/100 — weak fundamentals with mixed indicators requiring careful analysis before acting.
📊 How is the Zyberno Score calculated? +
VALUATION SIGNAL
MARGIN OF SAFETY
Is this stock cheap or expensive relative to what the business has historically generated for owners?
-6.2%
Fairly Valued
Growth gap unavailable — insufficient data for reverse DCF calculation.
🎯 Expected Annual Return
-10.4%
Margin of Safety convergence — your return if the market re-prices to intrinsic value (5-yr annualised)
8.4%
Yield + growth — what the business alone earns you, even if the market never re-rates
💰 How is Margin of Safety calculated? +
📈 How is Brina Gap calculated? +

Critical Financial Health Indicators

Return on Equity (Profitability):CRITICAL (-9.9%)
Debt-to-Equity (Solvency Risk):GOOD (0.43x)
Operating Margin (Operational Efficiency):CRITICAL (-3.6%)
Return on Capital (Capital Efficiency):CRITICAL (-2.8%)
📊 Valuation Trilogy
Three interconnected metrics for complete valuation analysis
Click any metric for full methodology and detailed analysis
Zyberno's Verdict

DHI Group, Inc. (DHX) stock report — Zyberno Score 34/100 (WEAK BUSINESS), Margin of Safety -6.2%, -10% expected annual return. Full financial analysis on Zyberno.

According to Zyberno's DCF model, DHI Group, Inc. (DHX) trades at $4.05 against an estimated intrinsic value per share of $3.81 — a -6.2% Margin of Safety based on Owner Earnings of $20.47M TTM, projected at -9.5% growth for 10 years with a 2.5% terminal growth rate. Zyberno's model translates this into a 5-year expected return of -10.4% annually.

Over the trailing twelve months, DHX generated $20.47M in Owner Earnings. Capital was deployed as follows: $3.81M returned via share buybacks, $6.80M invested in capital expenditures. Reinvestment rate: 147.3%. Owner Earnings have declined at 9.5% annually over the trailing five years using log-linear regression.

DIVISION I: EXECUTIVE SUMMARY
A. Market Valuation

Market Price & Capitalization (2)

Current Price:4.05
Market Cap:$164.45M

Valuation Multiples (3)

P/B Ratio:1.75x
P/S Ratio:1.32x
Peg Ratio:-999.00x

Enterprise Metrics (3)

Enterprise Value:$203.44M
Ev Ebitda Ratio:22.45x
Pfcf Ratio:7.95x

Price Action & Momentum (3)

Momentum Percentile:67 / 100
% of 52-Week High:93.8%
B. Profitability Assessment

Return Metrics (5)

ROA:-4.9%
Reinvestment Rate:147.3%
Fundamental Growth Rate (g):-4.2%

Margin Analysis (3)

Operating Margin Ttm:-3.6%
Net Margin Ttm:-7.5%
Ebitda Margin:7.3%

TTM Performance (3)

Gross Margin Ttm:83.8%
Operating Margin Ttm:-3.6%
Net Margin Ttm:-7.5%

Yield Metrics (3)

Earnings Yield:-$4.99
Owner Earnings Yield:$12.57
Dividend Yield:0.0%
C. Log-Linear Regression Growth Trends

Earnings Surprise (SUE) (3)

EPS Surprise vs Expected:1,500.0%
Latest Earnings Filed:2026-08-05

Revenue Growth (Linear) (1)

Revenue Growth Rate (Linear):-7.2%

Earnings Growth (Linear) (1)

Net Income Growth Rate (Linear):17.3%

Cash Flow Growth (Linear) (2)

Free Cash Flow Growth Rate (Linear):-10.0%
Operating Cash Flow Growth Rate (Linear):24.6%

Operating Growth (Linear) (1)

Operating Income Growth Rate (Linear):23.1%
D. Financial Stability

Liquidity Ratios (3)

Current Ratio:0.44x
Quick Ratio:0.44x
Cash Ratio:0.07x

Leverage Analysis (3)

Debt To Equity Ttm:0.43x
Debt-to-Equity Ratio:0.43x
Debt To Ebitda:4.72x

Coverage Ratios (2)

Interest Coverage Ratio:-4.70x
Times Interest Earned:-4.70

Capital Structure (4)

Working Capital:-29,668,000.00
Cash And Cash Equivalents:3,769,000.00
Long Term Debt:$32.00M
Net Debt:$38.99M
DIVISION II: FINANCIAL STATEMENTS ANALYSIS
A. Income Statement Analysis

Revenue Components (2)

Revenue TTM: $124.53M
Linear Growth: -7.2%
📊 Click to view full DHX Revenue analysis & methodology →
Cost Of Revenue Ttm:$20.19M

Profitability Breakdown (2)

Gross profit TTM: $104.34M
Linear Growth: -6.5%
📊 Click to view full DHX Gross Profit analysis & methodology →
Operating income TTM: -$4.50M
Linear Growth: 23.1%
📊 Click to view full DHX Operating Income analysis & methodology →

Bottom Line Performance (3)

Net income TTM: -$9.38M
Linear Growth: 17.3%
📊 Click to view full DHX Net Income analysis & methodology →
Income Before Tax:-$9.09M
Ebitda Ttm:9,060,000.00

Operating Expenses (5)

Operating Expenses:118,883,000.00
R And D Expense:11,875,000.00
Sga Expense:26,420,000.00
Income Tax Expense:$289.00K
Interest Expense:2,420,000.00

Expense Ratios (3)

R And D To Revenue Percentage:37.9%
Sga To Revenue Percentage:84.3%
Ebitda Margin:7.3%
B. Balance Sheet Analysis

Asset Composition (5)

Total Assets:$188.68M
Current Assets:$23.40M
Ppe Net:11,398,000.00
Goodwill:122,741,000.00
Intangible Assets:$16.93M

Liability Structure (4)

Total Liabilities:94,596,000.00
Current Liabilities:53,064,000.00
Long Term Debt:$32.00M
Short Term Debt:$10.76M

Equity & Capital (3)

Equity:$94.08M
Retained Earnings:$23.10M
Common Stock:240,000,000.00

Working Capital Items (3)

Accounts Receivable:16,539,000.00
Inventory:0.00
Accounts Payable:10,762,000.00

Special Items (2)

Contract Liabilities:41,187,000.00
Stock Based Compensation:900,000.00
C. Cash Flow Analysis

Operating Activities (2)

Operating cash flow TTM: $27.27M
Linear Growth: 24.6%
Free cash flow TTM: $20.47M
Linear Growth: -10.0%
📊 Click to view full DHX Free Cash Flow analysis & methodology →

Investment Activities (2)

Investing Cash Flow:-$6.63M
Capital Expenditures Ttm:6,797,000.00

Financing Activities (3)

Financing Cash Flow:-$1.67M
Dividends Paid Ttm:0.00
Stock Repurchase:3,812,000.00

Capital Transactions (3)

Common Stock Issuance:0.00
Long Term Debt Issuance:$4.00M
Long Term Debt Repayments:$1.00M

Non-Cash Items (1)

Depreciation Amortization Ttm:13,557,000.00
DIVISION III: OPERATIONAL METRICS
A. Per Share Analysis

Earnings Per Share (3)

EPS (Basic TTM):-0.20
Eps diluted TTM: -$0.20
Linear Growth: 21.8%
📊 Click to view full DHX EPS analysis & methodology →
Earnings Per Share Ttm:-$0.23

Revenue & Cash Per Share (3)

Sales Per Share Ttm:3.07
Operating Cash Flow Per Share:$0.52
Fcf Per Share Ttm:0.50

Book Value & Capital (2)

Book Value Per Share:$2.32
Cash Per Share:0.09

Dividend Policy (1)

Dividend Payout Ratio:-999.00x
B. Operational Efficiency

Asset Utilization (2)

Asset Turnover Ttm:0.65x
Working Capital Turnover Ttm:-999.00x

Receivables Management (2)

Receivables Turnover Ttm:7.53x
Days Sales Outstanding Ttm:48.48

Inventory Management (2)

Inventory Turnover Ttm:-999.00x
Days Inventory Outstanding Ttm:-999.00

Payables & Cash Cycle (2)

Days Payable Outstanding:194.56
Cash Conversion Cycle:-1,145.08
C. Quality & Risk Metrics

Financial Quality Scores (2)

Financial Strength Score:40.00
Quality Score:40.00

Market Metrics (2)

Beta:0.00x
Volatility Category:unknown
DIVISION IV: INVESTMENT ANALYSIS
A. Value Investment Framework

Owner Earnings Analysis (3)

Owner earnings TTM: $20.47M
Linear Growth: -9.5%
📊 Click to view full DHX Owner Earnings analysis & methodology →
Owner Earnings Per Share:$0.50
Owner Earnings Yield:$12.57

Growth Assessment (1)

Owner Earnings Growth Rate:-$9.50

Damodaran Growth Analysis (2)

Reinvestment Rate:147.3%
Fundamental Growth Rate (g):-4.2%

Intrinsic Value Models (1)

Margin of Safety (1)

Return Scenarios (2)

Investment Assessment (1)

Buffett Assessment:Overvalued
B. Log-Linear Regression Growth Analysis

Growth Rates (Log-Linear Regression) (3)

Revenue Growth Rate (Linear):-7.2%
Net Income Growth Rate (Linear):17.3%
Operating Income Growth Rate (Linear):23.1%

Cash Flow Growth Rates (2)

Free Cash Flow Growth Rate (Linear):-10.0%
Operating Cash Flow Growth Rate (Linear):24.6%

Other Growth Rates (3)

Gross Profit Growth Rate (Linear):-6.5%
Book Value Growth Rate (Linear):-2.6%
Owner Earnings Growth Rate:-$9.50
C. Company Profile & Context

Corporate Information (6)

Symbol:DHX
Company Name:DHI Group, Inc.
Sector:Unknown
Industry:Business Services
Exchange:NYSE
Country:United States

Market Classification (3)

Market Cap Category:N/A
Price Category:low
Volume Category:N/A

Share Structure (3)

Shares Outstanding:40.60M
Shares Outstanding Basic:40.60M
Shares Outstanding Diluted:42.09M

Data Processing Info (3)

Processing Version:v3.0
Last Updated:2026-08-31 12:39:14 UTC
Data Timestamp:2026-08-19T06:21:11.723302
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