DORMAKABA HOLDING AG |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 484 CHF | +2.33% |
|
+3.31% | +6.61% |
| Mar. 05 | Global markets live: Bayer, Target, Gitlab, Tesla, Amazon... |  |
| Mar. 05 | Transcript : Dormakaba Holding AG, H1 2024 Earnings Call, Mar 05, 2024 |
Valuation
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,962 | 2,141 | 2,621 | 1,736 | 1,680 | 2,026 | - | - |
| Enterprise Value (EV) 1 | 3,614 | 2,809 | 3,130 | 2,444 | 2,277 | 2,548 | 2,487 | 2,415 |
| P/E ratio | 22.5 x | 25.4 x | 26.2 x | 27.6 x | 36.9 x | 38.3 x | 19.7 x | 15.8 x |
| Yield | 2.26% | 2.03% | 1.98% | 2.76% | 2.36% | 1.77% | 2.73% | 3.42% |
| Capitalization / Revenue | 1.05 x | 0.84 x | 1.05 x | 0.63 x | 0.59 x | 0.71 x | 0.68 x | 0.66 x |
| EV / Revenue | 1.28 x | 1.11 x | 1.25 x | 0.89 x | 0.8 x | 0.89 x | 0.84 x | 0.79 x |
| EV / EBITDA | 8.07 x | 8.64 x | 8.86 x | 7.15 x | 5.92 x | 6.26 x | 5.46 x | 4.86 x |
| EV / FCF | 17 x | 29.3 x | 13 x | 47.5 x | 12 x | 15.1 x | 15.1 x | 9.65 x |
| FCF Yield | 5.89% | 3.41% | 7.68% | 2.11% | 8.34% | 6.61% | 6.63% | 10.4% |
| Price to Book | 11.4 x | 15.5 x | 12.6 x | 10 x | 6.71 x | 7.95 x | 6.02 x | 4.11 x |
| Nbr of stocks (in thousands) | 4,187 | 4,145 | 4,157 | 4,169 | 4,178 | 4,186 | - | - |
| Reference price 2 | 707.5 | 516.5 | 630.5 | 416.5 | 402.0 | 484.0 | 484.0 | 484.0 |
| Announcement Date | 9/12/19 | 9/3/20 | 9/1/21 | 9/1/22 | 9/1/23 | - | - | - |
1CHF in Million2CHF
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,818 | 2,540 | 2,500 | 2,757 | 2,849 | 2,860 | 2,972 | 3,069 |
| EBITDA 1 | 448 | 325 | 353.1 | 342 | 384.8 | 406.9 | 455.5 | 497 |
| EBIT 1 | 375 | 253.2 | 274.3 | 204.8 | 189 | 183.7 | 318.4 | 391.3 |
| Operating Margin | 13.31% | 9.97% | 10.97% | 7.43% | 6.63% | 6.42% | 10.71% | 12.75% |
| Earnings before Tax (EBT) 1 | 332.7 | 211.2 | 249.6 | 173.9 | 142.2 | 106.6 | 240.3 | 340.1 |
| Net income 1 | 131.8 | 84.6 | 100.8 | 63.2 | 45.7 | 45.79 | 95.56 | 128 |
| Net margin | 4.68% | 3.33% | 4.03% | 2.29% | 1.6% | 1.6% | 3.22% | 4.17% |
| EPS 2 | 31.50 | 20.30 | 24.10 | 15.10 | 10.90 | 12.64 | 24.53 | 30.57 |
| Free Cash Flow 1 | 212.9 | 95.7 | 240.3 | 51.5 | 189.9 | 168.4 | 164.8 | 250.4 |
| FCF margin | 7.55% | 3.77% | 9.61% | 1.87% | 6.67% | 5.89% | 5.55% | 8.16% |
| FCF Conversion (EBITDA) | 47.52% | 29.45% | 68.05% | 15.06% | 49.35% | 41.4% | 36.19% | 50.37% |
| FCF Conversion (Net income) | 161.53% | 113.12% | 238.39% | 81.49% | 415.54% | 367.83% | 172.48% | 195.64% |
| Dividend per Share 2 | 16.00 | 10.50 | 12.50 | 11.50 | 9.500 | 8.583 | 13.21 | 16.54 |
| Announcement Date | 9/12/19 | 9/3/20 | 9/1/21 | 9/1/22 | 9/1/23 | - | - | - |
1CHF in Million2CHF
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: June | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2023 S2 | 2024 S1 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,386 | 1,154 | 1,228 | 1,272 | 1,350 | 1,429 | 1,376 |
| EBITDA 1 | 214.1 | 110.9 | 181.9 | 171.2 | 193.5 | 200.2 | 200.7 |
| EBIT | 178.1 | 75.1 | 144.2 | - | 154.8 | - | - |
| Operating Margin | 12.85% | 6.51% | 11.75% | - | 11.47% | - | - |
| Earnings before Tax (EBT) | 157.1 | 54.1 | 129.8 | - | - | - | - |
| Net income 1 | 119.4 | 23.3 | 99.9 | - | 52.4 | 1.4 | 24.9 |
| Net margin | 8.62% | 2.02% | 8.14% | - | 3.88% | 0.1% | 1.81% |
| EPS | - | 5.600 | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - |
| Announcement Date | 3/4/20 | 9/3/20 | 3/3/21 | 9/1/21 | 3/2/22 | 9/1/23 | 3/1/24 |
1CHF in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 651 | 668 | 509 | 708 | 597 | 521 | 461 | 389 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.454 x | 2.054 x | 1.441 x | 2.07 x | 1.551 x | 1.281 x | 1.011 x | 0.7818 x |
| Free Cash Flow 1 | 213 | 95.7 | 240 | 51.5 | 190 | 168 | 165 | 250 |
| ROE (net income / shareholders' equity) | 59.2% | 50.6% | 58.3% | 33.1% | 17.9% | 28.5% | 39.7% | 33.3% |
| ROA (Net income/ Total Assets) | - | 4.55% | 5.48% | 3.35% | 2.27% | - | - | - |
| Assets 1 | - | 1,859 | 1,839 | 1,889 | 2,009 | - | - | - |
| Book Value Per Share 2 | 61.80 | 33.30 | 49.80 | 41.60 | 59.90 | 60.80 | 80.50 | 118.0 |
| Cash Flow per Share 2 | 67.10 | 78.90 | 75.00 | 30.40 | 68.50 | 98.70 | 112.0 | - |
| Capex 1 | 111 | 94.9 | 73.2 | 75.8 | 98.5 | 95.7 | 98.7 | 97.8 |
| Capex / Sales | 3.95% | 3.74% | 2.93% | 2.75% | 3.46% | 3.35% | 3.32% | 3.19% |
| Announcement Date | 9/12/19 | 9/3/20 | 9/1/21 | 9/1/22 | 9/1/23 | - | - | - |
1CHF in Million2CHF
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
A
Sell
Buy
Mean consensus
HOLD
Number of Analysts
7
Last Close Price
484
CHF
Average target price
478
CHF
Spread / Average Target
-1.24%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +6.61% | 2.22B | |
| -5.33% | 42.32B | |
| -2.24% | 10.83B | |
| -5.91% | 7.84B | |
| -5.72% | 5.79B | |
| +5.63% | 2.9B | |
| +7.69% | 1.71B | |
| +28.06% | 1.61B | |
| +2.83% | 1.52B | |
| +5.71% | 1.53B |
- Stock Market
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- DOKA Stock
- Financials dormakaba Holding AG
