WallStSmart

DLH Holdings Corp (DLHC)vsUL Solutions Inc. (ULS)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

UL Solutions Inc. generates 961% more annual revenue ($3.11B vs $292.66M). ULS leads profitability with a 11.3% profit margin vs -1.5%. DLHC appears more attractively valued with a PEG of 1.13. ULS earns a higher WallStSmart Score of 62/100 (C+).

DLHC

Hold

41

out of 100

Grade: D

Growth: 2.0Profit: 2.5Value: 6.3Quality: 4.0
Piotroski: 3/9Altman Z: 1.79

ULS

Buy

62

out of 100

Grade: C+

Growth: 7.3Profit: 8.0Value: 3.7Quality: 6.5
Piotroski: 5/9Altman Z: 2.41
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

DLHCUndervalued (+29.8%)

Margin of Safety

+29.8%

Fair Value

$7.91

Current Price

$5.58

$2.33 discount

UndervaluedFair: $7.91Overvalued

Intrinsic value data unavailable for ULS.

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

DLHC1 strengths · Avg: 10.0/10
Price/BookValuation
0.7x10/10

Reasonable price relative to book value

ULS2 strengths · Avg: 8.5/10
Return on EquityProfitability
26.1%9/10

Every $100 of equity generates 26 in profit

EPS GrowthGrowth
36.4%8/10

Earnings expanding 36.4% YoY

Areas to Watch

DLHC4 concerns · Avg: 3.3/10
Altman Z-ScoreHealth
1.794/10

Distress zone — elevated risk

Market CapQuality
$80.87M3/10

Smaller company, higher risk/reward

Debt/EquityHealth
1.323/10

Elevated debt levels

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

ULS3 concerns · Avg: 3.3/10
PEG RatioValuation
2.244/10

Expensive relative to growth rate

Price/BookValuation
14.8x4/10

Trading at 14.8x book value

P/E RatioValuation
57.3x2/10

Premium valuation, high expectations priced in

Comparative Analysis Report

WallStSmart Research

Bull Case : DLHC

The strongest argument for DLHC centers on Price/Book. PEG of 1.13 suggests the stock is reasonably priced for its growth.

Bull Case : ULS

The strongest argument for ULS centers on Return on Equity, EPS Growth.

Bear Case : DLHC

The primary concerns for DLHC are Altman Z-Score, Market Cap, Debt/Equity.

Bear Case : ULS

The primary concerns for ULS are PEG Ratio, Price/Book, P/E Ratio. A P/E of 57.3x leaves little room for execution misses.

Key Dynamics to Monitor

DLHC profiles as a turnaround stock while ULS is a value play — different risk/reward profiles.

DLHC carries more volatility with a beta of 1.45 — expect wider price swings.

ULS is growing revenue faster at 7.5% — sustainability is the question.

ULS generates stronger free cash flow (150M), providing more financial flexibility.

Bottom Line

ULS scores higher overall (62/100 vs 41/100). DLHC offers better value entry with a 29.8% margin of safety. Both earn "Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

DLH Holdings Corp

INDUSTRIALS · SPECIALTY BUSINESS SERVICES · USA

DLH Holdings Corp. The company is headquartered in Atlanta, Georgia.

UL Solutions Inc.

INDUSTRIALS · SPECIALTY BUSINESS SERVICES · USA

UL Solutions Inc. provides safety science services globally. The company is headquartered in Northbrook, Illinois with additional offices in North America, Asia Pacific, Africa, Europe, Latin America, and Middle East.

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