DKSH Holding AG

BATS-CHIXE:DKSHZ Stock Report

Market Cap: CHF 4.2b

DKSH Holding Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • 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 DKSHZ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: DKSHZ (CHF64.55) is trading below our estimate of fair value (CHF72.63)

Significantly Below Fair Value: DKSHZ is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for DKSHZ. This is calculated by dividing DKSHZ's market cap by their current earnings.
What is DKSHZ's PE Ratio?
PE Ratio22.1x
EarningsCHF 189.80m
Market CapCHF 4.20b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for DKSHZ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average24.6x
RS1 RS Group
20.3x18.4%UK£3.4b
HWDN Howden Joinery Group
17.6x6.0%UK£4.5b
GFTU Grafton Group
14.2x5.8%UK£1.9b
DPLM Diploma
46.4x14.3%UK£6.0b
DKSHZ DKSH Holding
22.1x1.8%CHF 4.2b

Price-To-Earnings vs Peers: DKSHZ is good value based on its Price-To-Earnings Ratio (22.1x) compared to the peer average (24.6x).

Price to Earnings Ratio vs Industry

How does DKSHZ's PE Ratio compare vs other companies in the European Trade Distributors Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies11PE01020304050+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: DKSHZ is expensive based on its Price-To-Earnings Ratio (22.1x) compared to the European Trade Distributors industry average (14.4x).

Price to Earnings Ratio vs Fair Ratio

What is DKSHZ'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.

DKSHZ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio22.1x
Fair PE Ratio15.9x

Price-To-Earnings vs Fair Ratio: DKSHZ is expensive based on its Price-To-Earnings Ratio (22.1x) compared to the estimated Fair Price-To-Earnings Ratio (15.9x).

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 DKSHZ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 64.55
CHF 75.40
+16.8%
4.6%CHF 80.00CHF 70.00n/a5
Nov ’25CHF 62.55
CHF 73.08
+16.8%
8.6%CHF 80.00CHF 62.40n/a5
Oct ’25CHF 66.60
CHF 74.07
+11.2%
8.3%CHF 80.00CHF 62.40n/a6
Sep ’25CHF 68.20
CHF 75.07
+10.1%
7.8%CHF 80.00CHF 62.40n/a6
Aug ’25CHF 68.60
CHF 75.07
+9.4%
7.8%CHF 80.00CHF 62.40n/a6
Jul ’25CHF 61.20
CHF 73.63
+20.3%
6.6%CHF 79.00CHF 62.40n/a7
Jun ’25CHF 61.10
CHF 73.77
+20.7%
6.6%CHF 79.00CHF 62.40n/a7
May ’25CHF 60.00
CHF 73.40
+22.3%
7.0%CHF 79.00CHF 62.40n/a6
Apr ’25CHF 61.30
CHF 73.40
+19.7%
7.0%CHF 79.00CHF 62.40n/a6
Mar ’25CHF 64.90
CHF 73.40
+13.1%
7.0%CHF 79.00CHF 62.40n/a6
Feb ’25CHF 59.75
CHF 71.33
+19.4%
8.9%CHF 79.00CHF 59.00n/a6
Jan ’25CHF 58.40
CHF 72.23
+23.7%
7.7%CHF 79.00CHF 61.40n/a6
Dec ’24CHF 57.45
CHF 72.23
+25.7%
7.7%CHF 79.00CHF 61.40n/a6
Nov ’24CHF 55.90
CHF 79.80
+42.8%
4.6%CHF 84.00CHF 73.00CHF 62.555
Oct ’24CHF 62.15
CHF 79.80
+28.4%
4.6%CHF 84.00CHF 73.00CHF 66.605
Sep ’24CHF 67.15
CHF 78.50
+16.9%
5.7%CHF 84.00CHF 72.00CHF 68.206
Aug ’24CHF 70.60
CHF 78.50
+11.2%
5.7%CHF 84.00CHF 72.00CHF 68.606
Jul ’24CHF 66.55
CHF 79.83
+20.0%
7.6%CHF 90.00CHF 71.00CHF 61.206
Jun ’24CHF 66.10
CHF 79.83
+20.8%
7.6%CHF 90.00CHF 71.00CHF 61.106
May ’24CHF 70.95
CHF 80.50
+13.5%
8.3%CHF 90.00CHF 71.00CHF 60.006
Apr ’24CHF 73.60
CHF 80.50
+9.4%
8.3%CHF 90.00CHF 71.00CHF 61.306
Mar ’24CHF 77.05
CHF 80.83
+4.9%
8.3%CHF 90.00CHF 71.00CHF 64.906
Feb ’24CHF 77.75
CHF 79.67
+2.5%
9.5%CHF 90.00CHF 70.00CHF 59.756
Jan ’24CHF 70.35
CHF 81.00
+15.1%
9.4%CHF 90.00CHF 70.00CHF 58.405
Dec ’23CHF 71.20
CHF 82.00
+15.2%
8.6%CHF 90.00CHF 70.00CHF 57.455
Nov ’23CHF 71.20
CHF 86.25
+21.1%
6.8%CHF 95.00CHF 80.00CHF 55.904

Analyst Forecast: Target price is less than 20% higher than the current share price.

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