Digia Oyj (0IKK.L) Stock Analysis & Winston Score
Digia Oyj is a Finnish software and IT services company that helps businesses manage their operations using custom software, digital platforms, and consulting services. Its main customers are companies and public sector organizations in Finland that need help building and running their digital systems. Digia also develops and sells the Qt framework, a widely used software toolkit that developers around the world use to build applications across different devices and operating systems. Digia earns money through a mix of software licenses, subscriptions, and IT service contracts. The company operates primarily in Finland, with its Qt business giving it a global reach across industries like automotive, industrial equipment, and consumer electronics. Qt is the stronger part of the moat, since it has a large developer community and switching costs are high once a company builds products on it. The key growth question is whether Digia can expand Qt's commercial licensing revenue internationally while keeping its domestic IT services business stable in a competitive Nordic market.
Winston Score: 59/100 — Good
A decent business — some strong pillars, some weaker.
- Quality: Mixed (10/30)
- Growth: Strong (15/20)
- Cash Flow: Good (6/10)
- Stability: Exceptional (9/10)
- Valuation: Good (5/10)
- Ownership: Good (10/15)

