DFIN Stock Analysis: Donnelley Financial | NYSE

Compliance Software, Regulatory Filings, Proxy Management, Document Distribution

Total Rating 40

Safety 80

Buy Signal -0.52

Software - Application
Industry Rotation: -15.8

Market Cap: 1.16B
Avg Turnover: 10.5M

Risk 3d forecast

Volatility32.3%

VaR 5^th Pctl5.37%

VaR vs Median1.08%

Reward TTM

Sharpe Ratio-0.05

Rel. Str. IBD48

Rel. Str. Peer Group32.4

Character TTM

Beta0.456

Beta Downside0.613

Hurst Exponent0.500

Drawdowns 3y

Max DD47.44%

CAGR/Max DD-0.10

CAGR/Mean DD-0.25

EPS (Earnings per Share)

EPS CAGR: 11.50%
EPS Trend: 88.3%

Last SUE: -0.12
Qual. Beats: 0

Revenue

Rev. CAGR: -1.77%
Rev. Trend: -69.8%

Last SUE: 0.29
Qual. Beats: 0

Warnings

Choppy

Below Avwap Earnings

Tailwinds

No distinct edge detected

Seasonality 10 years of data

Jan +4.5% 23

Feb -5.1% 37

Mar -2.3% 34

Apr +2.3% 31

May -6.0% 6

Jun +4.0% 33

Jul +3.6% 33

Aug +1.5% 23

Sep -0.4% 20

Oct -8.2% 44

Nov +4.1% 24

Dec +0.5% 8

How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.

Description: DFIN Donnelley Financial

Donnelley Financial Solutions, Inc. (NYSE: DFIN) is a global provider of compliance and regulatory software and services, headquartered in Lancaster, Pennsylvania, and founded in 1983. The company operates across the United States, Asia, Europe, and Canada, serving public companies, private companies, and investment companies with solutions for SEC filings, transactional processes, and investor communications.

The business is organized into four segments: Capital Markets – Software Solutions (CM-SS), Capital Markets – Compliance and Communications Management (CM-CCM), Investment Companies – Software Solutions (IC-SS), and Investment Companies – Compliance and Communications Management (IC-CCM). The CM-SS segment offers the Venue and ActiveDisclosure platforms for managing SEC transactional and compliance workflows, while the CM-CCM segment provides tech-enabled print and distribution services. The IC-SS segment delivers the Arc Suite cloud-based platform, which includes ArcDigital, ArcReporting, ArcPro, and ArcRegulatory for document management and regulatory submission. The IC-CCM segment provides iXBRL-formatted EDGAR filings, turnkey proxy services, solicitation, tabulation, and stockholder meeting support.

DFIN operates in the RegTech (regulatory technology) space, competing with other EDGAR-filing agents and governance, risk, and compliance (GRC) software providers. The company was spun off and listed as an independent public entity in 2016, with its offerings reflecting the increased regulatory disclosure burden placed on SEC registrants, including mutual funds and publicly traded companies.

Headlines to Watch Out For

IPO market recovery drives Capital Markets transaction revenue
Arc Suite software revenue growth expands recurring margins
SEC regulatory complexity increases compliance software demand

Piotroski VR-10 (Strict) 6.0

Net Income: 35.2m TTM > 0 and > 6% of Revenue
FCF/TA: 0.18 > 0.02 and ΔFCF/TA 5.76 > 1.0
NWC/Revenue: 8.06% < 20% (prev 7.88%; Δ 0.18% < -1%)
CFO/TA 0.24 > 3% & CFO 203.3m > Net Income 35.2m
Net Debt (194.1m) to EBITDA (129.2m): 1.50 < 3
Current Ratio: 1.33 > 1.5 & < 3
Outstanding Shares: last quarter (25.7m) vs 12m ago -8.87% < -2%
Gross Margin: 61.98% > 18% (prev 62.45%; Δ -0.47% > 0.5%)
Asset Turnover: 90.99% > 50% (prev 86.32%; Δ 4.67% > 0%)
Interest Coverage Ratio: 4.96 > 6 (EBIT TTM 64.0m / Interest Expense TTM 12.9m)

Altman Z'' 4.37

A: 0.08 (Total Current Assets 255.2m - Total Current Liabilities 192.5m) / Total Assets 834.3m
B: 0.76 (Retained Earnings 630.8m / Total Assets 834.3m)
C: 0.07 (EBIT TTM 64.0m / Avg Total Assets 854.5m)
D: 0.87 (Book Value of Equity 387.4m / Total Liabilities 446.9m)
Altman-Z'' = 4.37 = AA

Beneish M -3.08

DSRI: 0.93 (Receivables 193.1m/202.0m, Revenue 777.5m/755.0m)
GMI: 1.01 (GM 62.45% / 61.98%)
AQI: 1.00 (AQ_t 0.68 / AQ_t-1 0.68)
SGI: 1.03 (Revenue 777.5m / 755.0m)
TATA: -0.20 (NI 35.2m - CFO 203.3m) / TA 834.3m)
Beneish M = -3.08 (Cap -4..+1) = AA

What is the price of DFIN shares?

As of October 02, 2026, the stock is trading at USD 47.49 with a total of 208,313 shares traded. Over the past week, the price has changed by -3.51%, over one month by -1.39%, over three months by +7.64% and over the past year by -8.57%.

Current recommended Stop Loss: 45.30 (which is 4.6% or 1.5 ATR below the current price).

Is DFIN a buy, sell or hold?

Donnelley Financial has received a consensus analysts rating of 4.33. Therefore, it is recommended to buy DFIN.

StrongBuy: 1
Buy: 2
Hold: 0
Sell: 0
StrongSell: 0

What are the forecasts/targets for the DFIN price?

Analysts Target Price	64	34.8%

Donnelley Financial (DFIN) - Fundamental Data Overview as of 02 October 2026

Market Cap USD = 1.16b (1.16b USD * 1.0 USD.USD)
P/E Trailing = 30.6429
P/E Forward = 7.8186
P/S = 1.4922
P/B = 3.0849
P/EG = 0.9684
Revenue TTM = 777.5m USD
EBIT TTM = 64.0m USD
EBITDA TTM = 129.2m USD
Long Term Debt = 198.2m USD (from longTermDebt, last quarter)
Short Term Debt = 9.20m USD (from shortTermDebt, last quarter)
Debt = 219.4m USD (from shortLongTermDebtTotal, last quarter) + Leases 7.70m
Net Debt = 194.1m USD (calculated: Debt 219.4m - CCE 25.3m)
Enterprise Value = 1.35b USD (1.16b + Debt 219.4m - CCE 25.3m)
Interest Coverage Ratio = 4.96 (Ebit TTM 64.0m / Interest Expense TTM 12.9m)
EV/FCF = 8.89x (Enterprise Value 1.35b / FCF TTM 152.3m)
FCF Yield = 11.25% (FCF TTM 152.3m / Enterprise Value 1.35b)
FCF Margin = 19.59% (FCF TTM 152.3m / Revenue TTM 777.5m)
Net Margin = 4.53% (Net Income TTM 35.2m / Revenue TTM 777.5m)
Gross Margin = 61.98% ((Revenue TTM 777.5m - Cost of Revenue TTM 295.6m) / Revenue TTM)
Gross Margin QoQ = 58.30% (prev 64.04%)
Tobins Q-Ratio = 1.62 (Enterprise Value 1.35b / Total Assets 834.3m)
Interest Expense / Debt = 5.88% (Interest Expense 12.9m / Debt 219.4m)
Taxrate = 29.18% (14.5m / 49.7m)
NOPAT = 45.3m (EBIT 64.0m * (1 - 29.18%))
Current Ratio = 1.33 (Total Current Assets 255.2m / Total Current Liabilities 192.5m)
Debt / Equity = 0.57 (Debt 219.4m / totalStockholderEquity, last quarter 387.4m)
Debt / EBITDA = 1.50 (Net Debt 194.1m / EBITDA 129.2m)
Debt / FCF = 1.27 (Net Debt 194.1m / FCF TTM 152.3m)
Total Stockholder Equity = 391.6m (last 4 quarters mean from totalStockholderEquity)
RoA = 4.12% (Net Income 35.2m / Total Assets 834.3m)
RoE = 8.99% (Net Income TTM 35.2m / Total Stockholder Equity 391.6m)
RoCE = 10.85% (EBIT 64.0m / Capital Employed (Equity 391.6m + L.T.Debt 198.2m))
RoIC = 7.24% (NOPAT 45.3m / Invested Capital 625.7m)
WACC = 7.05% (E(1.16b)/V(1.38b) * Re(7.59%) + D(219.4m)/V(1.38b) * Rd(5.88%) * (1-Tc(0.29)))
Discount Rate = 7.59% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -93.31 | Cagr: -7.33%
[DCF] Terminal Value 77.97% ; FCFF base≈135.1m ; Y1≈154.9m ; Y5≈227.9m
[DCF] Fair Price = 131.6 (EV 3.43b - Net Debt 194.1m = Equity 3.24b / Shares 24.6m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 88.28 | EPS CAGR: 11.50% | SUE: -0.12 | # QB: 0
Revenue Correlation: -69.80 | Revenue CAGR: -1.77% | SUE: 0.29 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.86 | Chg30d=+0.00% | Revisions=-40% | Analysts=3
EPS current Year (2026-12-31): EPS=4.82 | Chg30d=+0.00% | Revisions=+40% | GrowthEPS=+53.0% | GrowthRev=+1.8%
EPS next Year (2027-12-31): EPS=5.46 | Chg30d=+0.00% | Revisions=+50% | GrowthEPS=+13.3% | GrowthRev=+3.6%
[Analyst] Revisions Ratio: +30% (up=5, down=2)