DT DT

Name: DT Crucible Score
Creator: Kaladin Capital Intelligence

UnknownUnknownN/A📅 Scored March 23, 2026

Price at analysis: $37.20

Crucible Score

63.4

B-

Quality × Value Composite

KQI — Quality

66.8

B-

Fundamental Quality Index

KVI — Value

59.3

Valuation Attractiveness Index

Crucible Verdict — DT

DT presents a compelling turnaround story with strong fundamentals undermined by management execution issues. The company trades at a 23% discount to fair value despite an impressive 95% earnings beat rate and solid moat durability, but Management Effectiveness scores just 47 and Diversification remains weak at 42. CEO Benner's performance-based compensation and insider buying signal confidence that operational improvements can unlock the valuation gap.

— Kal, Kaladin Capital Intelligence

◆ KQI Quality Dimensions

Financial Quality

70.0

Growth Profile

80.0

Moat Durability

77.6

Management Effectiveness

46.9

Diversification & Resilience

41.8

Market Position

70.0

Weakest dimension: Diversification & Resilience (41.8)

◆ KVI Value Dimensions

DCF Margin of Safety

71.6

FCF Yield & Cash Returns

42.5

Relative Valuation

40.8

Growth-Adjusted Value

67.0

Historical Valuation

85.0

Macro Context

40.7

◆ DCF Valuation Scenarios

Bear Case

$30.12

Base Case

$45.83

Bull Case

$66.50

Price at Analysis

$37.20

Scenario	Fair Value	Rev CAGR (5yr)	Terminal Margin	WACC
🔴 Bear	$30.12	10.0%	12.0%	9.3%
🟢 Base	$45.83	14.0%	14.0%	8.8%
🟢 Bull	$66.50	18.0%	16.0%	8.3%

Key Assumptions: DT has demonstrated strong revenue growth (~25% 5-year CAGR) with operating margins around 8-13% and very low capex intensity (~1.5-2% of revenue). Tax rate normalized to 15% given historical volatility including large tax benefits; FCF conversion is exceptionally strong relative to EBITDA. Terminal margins reflect software scalability but remain conservative given current operating margin levels around 10-13%, with bear/base/bull spanning 12-16% to account for operating leverage on a subscription revenue base.

◆ Financial Snapshot

Profitability

Gross Margin81.6%

Operating Margin13.0%

Net Margin9.6%

ROIC6.8%

ROE6.7%

Balance Sheet

Balance SheetD/E: 0.06*, CR: 1.56* (* = TTM)

Cash ConversionFCF/EPS: 2.52x

Capital IntensityCapex/Rev: 1.5%

Altman Z-Score6.13 (Safe)

Piotroski F-Score6/9 (Good)

Growth

Revenue CAGR24.7% CAGR

Earnings CAGR59.0% CAGR

Growth ConsistencyCV: 0.54

Segment Breadth2/2 growing (100%)

Quarterly TrendMargin↓↓, WC↓, Exp↓

Earnings CredibilityConsistent Beater

◆ Analyst Consensus & Leadership

Leadership & Governance

CEOJella Benner · 4 years

CEO Ownership< 1%

Compensation96% performance-based

Insider ActivityBuying

Capital AllocationROIC 6.8% vs WACC 9.1%

Earnings Beat Rate95% (20/22)

◆ Related Companies in Our Universe

Other Unknown companies scored by the Crucible:

ADBE81.8A-NICE80.7A-DECK79.9A-INTU79.9A-EXEL78.3A-MTCH78.2A-TTD78.0B+

Methodology All Scores Crucible Briefs Performance @KaladinCI

Analysis conducted March 23, 2026 based on most recent SEC filings. Updated quarterly, after new SEC filings.

Point-in-time fundamental analysis. Not investment advice. Scores reflect company quality and valuation at time of analysis and may not reflect current market conditions.