dormakaba Holding AG

SWX:DOKA Stock Report

Market Cap: CHF 2.6b

dormakaba Holding Valuation

Is DOKA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of DOKA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

CHF 140.61
Fair Value
55.7% undervalued intrinsic discount
6
Number of Analysts

Below Fair Value: DOKA (CHF62.3) is trading below our estimate of fair value (CHF140.61)

Significantly Below Fair Value: DOKA is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for DOKA?

Key metric: As DOKA is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for DOKA. This is calculated by dividing DOKA's market cap by their current earnings.
What is DOKA's PE Ratio?
PE Ratio26.5x
EarningsCHF 97.90m
Market CapCHF 2.59b

Price to Earnings Ratio vs Peers

How does DOKA's PE Ratio compare to its peers?

The above table shows the PE ratio for DOKA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average33.5x
FORN Forbo Holding
12.3x7.69%CHF 987.4m
ZEHN Zehnder Group
44.6x33.12%CHF 744.6m
BEAN BELIMO Holding
56.4x17.97%CHF 9.6b
MTG Meier Tobler Group
20.5x8.83%CHF 421.0m
DOKA dormakaba Holding
26.5x15.42%CHF 2.6b

Price-To-Earnings vs Peers: DOKA is good value based on its Price-To-Earnings Ratio (26.5x) compared to the peer average (33.5x).

Price to Earnings Ratio vs Industry

How does DOKA's PE Ratio compare vs other companies in the European Building Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
DOKA 26.5xIndustry Avg. 24.6xNo. of Companies9PE01632486480+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: DOKA is expensive based on its Price-To-Earnings Ratio (26.5x) compared to the European Building industry average (25.7x).

Price to Earnings Ratio vs Fair Ratio

What is DOKA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

DOKA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio26.5x
Fair PE Ratio24.9x

Price-To-Earnings vs Fair Ratio: DOKA is expensive based on its Price-To-Earnings Ratio (26.5x) compared to the estimated Fair Price-To-Earnings Ratio (24.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst DOKA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 62.30
CHF 81.13
+30.23%
11.72%CHF 92.00CHF 69.00n/a6
Nov ’26CHF 68.60
CHF 81.13
+18.27%
11.72%CHF 92.00CHF 69.00n/a6
Oct ’26CHF 71.20
CHF 80.47
+13.01%
10.99%CHF 90.00CHF 69.00n/a6
Sep ’26CHF 74.50
CHF 74.74
+0.33%
9.85%CHF 86.20CHF 65.00n/a7
Aug ’26CHF 78.70
CHF 73.74
-6.30%
8.55%CHF 86.20CHF 65.00n/a7
Jul ’26CHF 72.70
CHF 71.01
-2.32%
10.05%CHF 86.20CHF 63.00n/a8
Jun ’26CHF 73.20
CHF 71.01
-2.99%
10.05%CHF 86.20CHF 63.00n/a8
May ’26CHF 69.40
CHF 71.01
+2.32%
10.05%CHF 86.20CHF 63.00n/a8
Apr ’26CHF 65.70
CHF 71.19
+8.35%
9.93%CHF 86.20CHF 63.00n/a8
Mar ’26CHF 65.20
CHF 71.19
+9.18%
9.93%CHF 86.20CHF 63.00n/a8
Feb ’26CHF 65.50
CHF 69.45
+6.03%
9.26%CHF 81.30CHF 59.00n/a8
Jan ’26CHF 64.40
CHF 70.20
+9.01%
9.90%CHF 81.30CHF 59.00n/a8
Dec ’25CHF 66.80
CHF 66.88
+0.11%
16.13%CHF 81.30CHF 45.00n/a8
Nov ’25CHF 66.10
CHF 60.77
-8.07%
18.68%CHF 79.80CHF 45.00CHF 68.606
Oct ’25CHF 62.10
CHF 57.14
-7.98%
19.80%CHF 79.80CHF 45.00CHF 71.207
Sep ’25CHF 53.10
CHF 49.93
-5.96%
8.20%CHF 55.00CHF 45.00CHF 74.506
Aug ’25CHF 53.20
CHF 49.93
-6.14%
8.20%CHF 55.00CHF 45.00CHF 78.706
Jul ’25CHF 47.00
CHF 47.28
+0.60%
9.81%CHF 55.00CHF 40.20CHF 72.706
Jun ’25CHF 48.60
CHF 47.28
-2.71%
9.81%CHF 55.00CHF 40.20CHF 73.206
May ’25CHF 49.05
CHF 47.80
-2.55%
9.36%CHF 55.00CHF 40.20CHF 69.407
Apr ’25CHF 47.45
CHF 47.80
+0.74%
9.36%CHF 55.00CHF 40.20CHF 65.707
Mar ’25CHF 46.15
CHF 45.59
-1.22%
13.16%CHF 55.00CHF 36.30CHF 65.208
Feb ’25CHF 43.10
CHF 45.59
+5.77%
13.16%CHF 55.00CHF 36.30CHF 65.508
Jan ’25CHF 45.40
CHF 45.59
+0.41%
13.16%CHF 55.00CHF 36.30CHF 64.408
Dec ’24CHF 46.85
CHF 46.21
-1.36%
14.39%CHF 55.00CHF 36.30CHF 66.808
Nov ’24CHF 41.25
CHF 46.21
+12.03%
14.39%CHF 55.00CHF 36.30CHF 66.108
CHF 81.13
Fair Value
23.2% undervalued intrinsic discount
6
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/14 05:46
End of Day Share Price 2025/11/14 00:00
Earnings2025/06/30
Annual Earnings2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

dormakaba Holding AG is covered by 17 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Zana MamelliBaader Helvea Equity Research
Volker BosseBaader Helvea Equity Research
George FeatherstoneBarclays