Donnelley Financial Solutions, Inc.

Donnelley Financial Solutions, Inc.

DFIN·NYSE

$38.69

-2.8%
Financial ServicesFinancial - Capital Markets

Donnelley Financial Solutions, Inc. operates as a risk and compliance solutions company worldwide. The company operates through 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 provides Venue, ActiveDisclosure, eBrevia, and other solutions to public and private companies to manage public and private transaction processes, extract data, and analyze contracts; collaborate; and tag, validate, and file SEC documents. The CM-CCM segment offers tech-enabled services and print and distribution solutions to public and private companies for deal solutions and SEC compliance requirements. The IC-SS segment provides clients with the Arc Suite platform that contains a comprehensive suite of cloud-based solutions and services that enable storage and management of compliance and regulatory information in a self-service and central repository for accessing, assembling, editing, translating, rendering, and submitting documents to regulators. The IC-CCM segment offers clients with tech-enabled solutions for creating and filing regulatory communications and solutions for investor communications, as well as XBRL-formatted filings pursuant to the Investment Act, through the SEC EDGAR system. This segment also provides turnkey proxy services, including discovery, planning and implementation, print and mail management, solicitation, tabulation services, shareholder meeting review, and expert support. Donnelley Financial Solutions, Inc. was founded in 1983 and is headquartered in Chicago, Illinois.

At a Glance

Live Snapshot
Market Cap$966.57M
EPS1.1800
P/E Ratio32.79
Earnings Date07/30/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal · Driver · Risk

Signal

High confidence

Valuation multiple is elevated (P/E 32.8).

Valuation inputs: P/E 32.8, earnings yield +3.0%, momentum -2.8%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is acceptable (ROE +8.5%, ROIC +18.7%).

Profitability stack: net margin +4.2%, ROE +8.5%, ROIC +18.7%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +52.6%, momentum -2.8%, net margin +4.2%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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Donnelley Financial Solutions, Inc. Market vs Earnings Trajectory

DFIN · NYSE

Loading price and EPS data...

Donnelley Financial Solutions, Inc.

Donnelley Financial Solutions, Inc. Fair Value Envelope

DFIN · NYSE

Our analysis suggests that DFIN has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $38.69, this represents a potential HIDDEN relative to our calculated worth for Donnelley Financial Solutions, Inc..

Intrinsic Value
Current Price: $38.69
3Y-65.0%
5Y-255.0%
10Y-35.0%
3Y-8.0%
5Y-14.0%
10Y-22.0%
3Y-68.0%
5Y-225.0%
10Y-45.0%
3Y+10.0%
5Y+7.0%
10Y+56.0%
3Y+12.0%
5Y-12.0%
10Y+35.0%
3Y-3.0%
5Y-11.0%
10Y-18.0%
Donnelley Financial Solutions, Inc.

Donnelley Financial Solutions, Inc. Profit Bridge

DFIN · NYSE
Revenue767.00M
Cost of Goods Sold (280.40M)
Gross Profit486.60M
Operating Expenses (335.10M)
Operating Income151.50M
Interest Expense (14.00M)
Other Income/Expense-108.40M
Pretax Income43.10M
Income Tax (10.70M)
Net Income32.40M
Net Income
32.40M

Profitability Analysis

Gross Margin

63.4%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

19.8%

Healthy operating margins demonstrate effective cost control and strong business fundamentals.

Net Profit Margin

4.2%

Minimal profitability after all expenses. Limited financial flexibility for reinvestment or shareholder returns.

Effective Tax Rate

24.8%

Moderate tax rate typical for most corporations. Represents standard tax burden on profits.

Profitability Insight

Interest or tax burden: Strong operational performance but thin net margins indicate high interest expenses or unfavorable tax position eating into profits.

63.44%
Gross Profit Margin
2%
3Y+14.0%
5Y+42.0%
10Y+71.0%
19.75%
Operating Profit Margin
8%
3Y+8.0%
5Y+4807.0%
10Y+83.0%
4.22%
Net Profit Margin
-64%
3Y-66.0%
5Y-246.0%
10Y-30.0%
8.54%
Return on Equity
-60%
3Y-73.0%
5Y-182.0%
10Y-84.0%
4.05%
Return on Assets
-62%
3Y-67.0%
5Y-240.0%
10Y-33.0%
18.67%
Return on Invested Capital
14%
3Y+3.0%
5Y+3426.0%
10Y+123.0%
DFIN

Donnelley Financial Solutions, Inc. Cash Conversion Engine

DFIN · NYSE
Net Income32.40M
Depreciation & Amortization66.10M
Stock-Based Compensation31.40M
Change in Working Capital-53.10M
Others98.10M
Capital Expenditures-57.10M
Free Cash Flow107.80M

Cash Flow Quality Analysis

FCF Conversion Rate

332.7%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

34.6%

Moderate capital requirements typical of many stable businesses. Healthy balance between reinvestment and cash generation.

FCF Growth Trend

+2.5%

Flat FCF growth. Stable but not expanding—monitor for signs of business maturity or temporary headwinds.

Working Capital Impact

-$53.10M

Moderate working capital outflow. Typical for growing businesses, but ensure it's supporting revenue growth, not inefficiency.

Cash Flow Quality Insight

Working capital strain: Significant cash tied up in operations. Monitor receivables collection, inventory turns, and payment terms to optimize cash conversion cycle.

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Donnelley Financial Solutions, Inc. Funding & Solvency Profile

DFIN · NYSE
Cash & Cash Equivalents26.10M
Net Receivables0.00
Inventory0.00
Other Current Assets235.00M
Total Current Assets261 M
Property, Plant & Equipment13.60M
Goodwill & Intangible Assets405.60M
Long-Term Investments0.00
Other Non-Current Assets119.40M
Total Non-Current Assets133 M
Total Assets
840.80M

Financial Health Analysis

Current Ratio

1.41x

Acceptable liquidity, but monitor closely. Current assets just barely cover current liabilities.

Debt-to-Equity Ratio

1.23x

Elevated leverage. Debt exceeds equity, which amplifies both gains and risks. Monitor debt servicing ability.

Working Capital

76 M

Positive working capital, but relatively tight. The company should monitor cash flow carefully.

Asset Composition

31% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

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Donnelley Financial Solutions, Inc. Street Expectations Map

DFIN · NYSE

Wall Street analysts project that DFIN stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 62.00, with estimates ranging from a low of 62.00 to a high of 62.00.

Lowest Target
62.00
60.25%
Consensus Target
62.00
60.25%
Highest Target
62.00
60.25%

The consensus 1-year price target stands at 62.00, with estimates ranging from a low of 62.00 to a high of 62.00.

Analyst Consensus Analysis

Upside Potential

+60.3%

Substantial upside potential. Analysts see significant value gap, suggesting the stock may be materially undervalued at current levels.

Analyst Agreement

0.0% spread

High analyst agreement. Narrow target range indicates strong consensus on valuation, suggesting clear investment thesis and predictable outlook.

Analyst Conviction

Very High

Strong buy conviction: High upside with tight consensus suggests compelling investment opportunity backed by analyst confidence.

Market Sentiment Insight

Rare opportunity: Exceptional upside potential with strong analyst consensus creates a compelling setup. The combination of significant price target premium and tight agreement suggests high-conviction undervaluation that may attract institutional capital.

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Donnelley Financial Solutions, Inc. Insider Positioning

DFIN · NYSE

During the last 12 months, insiders have purchased $388K and sold $2.63M worth of DFIN shares, resulting in $2.24M of net selling activity.

3 Months

Bought

0

0.00

Sold

20.3K

1.02M

Net Activity

-1.0M

-$1.02M

3-6 Months

Bought

0

0.00

Sold

21.9K

1.12M

Net Activity

-1.1M

-$1.12M

6-9 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

9-12 Months

Bought

20.0K

388.40K

Sold

8.7K

487.82K

Net Activity

-99K

-$99K

Top Buyers

1
LD

Leib Daniel

Director, Officer: Chief Executive Officer

20.0K shares1 transactions

$388K

Top Sellers

1
JEJ

Johnson Eric J

Officer: President, Gic

20.3K shares1 transactions

$1.02M

2
WRK

Williams Robert Kirk

Officer: Chief People & Admin Officer

11.9K shares2 transactions

$621K

3
LD

Leib Daniel

Director, Officer: Chief Executive Officer

10.0K shares1 transactions

$504K

4
ALA

Aguilar Luis A

Director

7.4K shares1 transactions

$421K

5
TLM

Trzcinski Leah Marie

Officer: Chief Legal Officer

1.2K shares1 transactions

$67K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $2.24M net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.15:1

Weak buy/sell ratio. Selling significantly exceeds buying—monitor for potential fundamental concerns.

Recent Trend (3 Months)

$1.02M

Heavy recent selling activity. Recent insider sales notably exceed purchases—may warrant investigation into company developments.

Insider Participation

High Selling

5 insider sellers vs. 1 buyers. Widespread selling across multiple insiders may signal concerns.

Insider Activity Insight

Multiple red flags: Heavy selling, numerous sellers, and continued recent selling create a concerning pattern. Investigate fundamental drivers and consider whether company guidance or industry conditions have deteriorated.

0.00%
Dividend Yield
3Y-
5Y-
10Y-
 

dfin Dividend History

DFIN
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%