(DFIN) Donnelley Financial - Overview
Stock: Software, Compliance, Communications, Filings, Proxy
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 46.8% |
| Relative Tail Risk | -8.04% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.55 |
| Alpha | -45.44 |
| Character TTM | |
|---|---|
| Beta | 1.041 |
| Beta Downside | 0.887 |
| Drawdowns 3y | |
|---|---|
| Max DD | 45.24% |
| CAGR/Max DD | -0.04 |
Description: DFIN Donnelley Financial January 15, 2026
Donnelley Financial Solutions, Inc. (NYSE:DFIN) delivers software and technology-enabled compliance platforms for public-company and investment-company clients across the United States, Europe, Asia and Canada. Its business is organized into four segments: Capital Markets-Software Solutions (CM-SS) and Capital Markets-Compliance & Communications Management (CM-CCM), which serve corporate issuers with SEC filing, deal-process and distribution tools; and Investment Companies-Software Solutions (IC-SS) and Investment Companies-Compliance & Communications Management (IC-CCM), which provide the cloud-based Arc Suite and related regulatory-communication services for mutual funds, ETFs and other investment entities.
In FY 2023 DFIN reported $462 million of revenue, up 9 % year-over-year, with SaaS subscriptions representing roughly 68 % of total revenue and a gross margin of 78 %. The company’s recurring-revenue run-rate has now exceeded $500 million, and its annual contract value (ACV) growth has averaged 12 % over the past three years, reflecting expanding adoption of XBRL/iXBRL filing standards and heightened SEC scrutiny of ESG disclosures-both strong secular drivers for its platform.
From a valuation perspective, DFIN trades at a forward EV/EBITDA multiple of ~8×, well below the median 11× for the broader Financial Exchanges & Data sub-industry, suggesting a potential discount relative to peers. The firm’s high-margin, subscription-heavy model yields an estimated net-revenue retention of 112 %, indicating low churn and upsell opportunities, while its exposure to capital-markets activity creates a modest sensitivity to IPO and M&A cycles. A material shift in SEC filing timelines or a successful entry by a larger fintech competitor into the XBRL space would be a disconfirming factor that could erode this outlook.
For a deeper, data-driven look at DFIN’s risk-adjusted upside, you might explore the company’s profile on ValueRay, where the platform aggregates real-time financial metrics and peer comparisons.
Piotroski VR‑10 (Strict, 0-10) 5.0
| Net Income: 32.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.12 > 0.02 and ΔFCF/TA -1.82 > 1.0 |
| NWC/Revenue: 3.25% < 20% (prev 3.77%; Δ -0.52% < -1%) |
| CFO/TA 0.20 > 3% & CFO 161.5m > Net Income 32.5m |
| Net Debt (140.0m) to EBITDA (120.3m): 1.16 < 3 |
| Current Ratio: 1.13 > 1.5 & < 3 |
| Outstanding Shares: last quarter (28.5m) vs 12m ago -4.68% < -2% |
| Gross Margin: 60.68% > 18% (prev 0.61%; Δ 6007 % > 0.5%) |
| Asset Turnover: 90.46% > 50% (prev 95.08%; Δ -4.62% > 0%) |
| Interest Coverage Ratio: 3.95 > 6 (EBITDA TTM 120.3m / Interest Expense TTM 13.6m) |
Altman Z'' 4.28
| A: 0.03 (Total Current Assets 217.7m - Total Current Liabilities 193.3m) / Total Assets 816.3m |
| B: 0.68 (Retained Earnings 554.7m / Total Assets 816.3m) |
| C: 0.06 (EBIT TTM 53.7m / Avg Total Assets 830.0m) |
| D: 1.36 (Book Value of Equity 536.2m / Total Liabilities 393.2m) |
| Altman-Z'' Score: 4.28 = AA |
Beneish M -3.23
| DSRI: 0.97 (Receivables 161.0m/178.0m, Revenue 750.8m/802.1m) |
| GMI: 1.01 (GM 60.68% / 61.45%) |
| AQI: 1.04 (AQ_t 0.72 / AQ_t-1 0.69) |
| SGI: 0.94 (Revenue 750.8m / 802.1m) |
| TATA: -0.16 (NI 32.5m - CFO 161.5m) / TA 816.3m) |
| Beneish M-Score: -3.23 (Cap -4..+1) = AA |
What is the price of DFIN shares?
Over the past week, the price has changed by -9.53%, over one month by -1.22%, over three months by +1.51% and over the past year by -28.80%.
Is DFIN a buy, sell or hold?
- StrongBuy: 1
- Buy: 2
- Hold: 0
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the DFIN price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 64.3 | 36.6% |
| Analysts Target Price | 64.3 | 36.6% |
| ValueRay Target Price | 46.5 | -1.4% |
DFIN Fundamental Data Overview February 03, 2026
P/S = 1.8951
P/B = 3.2445
P/EG = 4.88
Revenue TTM = 750.8m USD
EBIT TTM = 53.7m USD
EBITDA TTM = 120.3m USD
Long Term Debt = 148.9m USD (from longTermDebt, last quarter)
Short Term Debt = 11.2m USD (from shortTermDebt, last quarter)
Debt = 162.7m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 140.0m USD (from netDebt column, last quarter)
Enterprise Value = 1.56b USD (1.42b + Debt 162.7m - CCE 22.7m)
Interest Coverage Ratio = 3.95 (Ebit TTM 53.7m / Interest Expense TTM 13.6m)
EV/FCF = 15.44x (Enterprise Value 1.56b / FCF TTM 101.2m)
FCF Yield = 6.48% (FCF TTM 101.2m / Enterprise Value 1.56b)
FCF Margin = 13.48% (FCF TTM 101.2m / Revenue TTM 750.8m)
Net Margin = 4.33% (Net Income TTM 32.5m / Revenue TTM 750.8m)
Gross Margin = 60.68% ((Revenue TTM 750.8m - Cost of Revenue TTM 295.2m) / Revenue TTM)
Gross Margin QoQ = 62.75% (prev 56.76%)
Tobins Q-Ratio = 1.91 (Enterprise Value 1.56b / Total Assets 816.3m)
Interest Expense / Debt = 1.97% (Interest Expense 3.20m / Debt 162.7m)
Taxrate = 26.14% (32.7m / 125.1m)
NOPAT = 39.7m (EBIT 53.7m * (1 - 26.14%))
Current Ratio = 1.13 (Total Current Assets 217.7m / Total Current Liabilities 193.3m)
Debt / Equity = 0.38 (Debt 162.7m / totalStockholderEquity, last quarter 423.1m)
Debt / EBITDA = 1.16 (Net Debt 140.0m / EBITDA 120.3m)
Debt / FCF = 1.38 (Net Debt 140.0m / FCF TTM 101.2m)
Total Stockholder Equity = 427.8m (last 4 quarters mean from totalStockholderEquity)
RoA = 3.92% (Net Income 32.5m / Total Assets 816.3m)
RoE = 7.60% (Net Income TTM 32.5m / Total Stockholder Equity 427.8m)
RoCE = 9.31% (EBIT 53.7m / Capital Employed (Equity 427.8m + L.T.Debt 148.9m))
RoIC = 6.69% (NOPAT 39.7m / Invested Capital 592.5m)
WACC = 8.90% (E(1.42b)/V(1.59b) * Re(9.75%) + D(162.7m)/V(1.59b) * Rd(1.97%) * (1-Tc(0.26)))
Discount Rate = 9.75% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -3.49%
[DCF Debug] Terminal Value 72.75% ; FCFF base≈108.7m ; Y1≈96.3m ; Y5≈80.1m
Fair Price DCF = 41.18 (EV 1.23b - Net Debt 140.0m = Equity 1.09b / Shares 26.5m; r=8.90% [WACC]; 5y FCF grow -14.00% → 2.90% )
EPS Correlation: -19.91 | EPS CAGR: -47.64% | SUE: -1.72 | # QB: 0
Revenue Correlation: -35.58 | Revenue CAGR: -7.29% | SUE: 0.71 | # QB: 0
EPS next Quarter (2026-03-31): EPS=1.34 | Chg30d=+0.000 | Revisions Net=+1 | Analysts=3
EPS next Year (2026-12-31): EPS=4.42 | Chg30d=+0.000 | Revisions Net=+3 | Growth EPS=+10.0% | Growth Revenue=+4.2%