dormakaba Holding AG

BATS-CHIXE:DOKAZ Stock Report

Market Cap: CHF 2.8b

dormakaba Holding Valuation

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

Below Fair Value: DOKAZ (CHF669) is trading below our estimate of fair value (CHF1292.41)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for DOKAZ. This is calculated by dividing DOKAZ's market cap by their current earnings.
What is DOKAZ's PE Ratio?
PE Ratio66.6x
EarningsCHF 42.20m
Market CapCHF 2.81b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for DOKAZ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average28.3x
FAN Volution Group
26.1x12.1%UK£1.1b
GEN Genuit Group
43x29.9%UK£1.0b
JHD James Halstead
19x4.1%UK£789.8m
NXR Norcros
24.9x28.9%UK£221.8m
DOKAZ dormakaba Holding
66.6x34.8%CHF 2.8b

Price-To-Earnings vs Peers: DOKAZ is expensive based on its Price-To-Earnings Ratio (66.6x) compared to the peer average (28.3x).

Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
No. of Companies13PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: DOKAZ is expensive based on its Price-To-Earnings Ratio (66.6x) compared to the European Building industry average (19.9x).

Price to Earnings Ratio vs Fair Ratio

What is DOKAZ'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.

DOKAZ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio66.6x
Fair PE Ratio31x

Price-To-Earnings vs Fair Ratio: DOKAZ is expensive based on its Price-To-Earnings Ratio (66.6x) compared to the estimated Fair Price-To-Earnings Ratio (31x).

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 DOKAZ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 669.00
CHF 668.75
-0.04%
16.1%CHF 813.00CHF 450.00n/a8
Nov ’25CHF 660.00
CHF 607.67
-7.9%
18.7%CHF 798.00CHF 450.00n/a6
Oct ’25CHF 625.00
CHF 571.43
-8.6%
19.8%CHF 798.00CHF 450.00n/a7
Sep ’25CHF 528.00
CHF 499.33
-5.4%
8.2%CHF 550.00CHF 450.00n/a6
Aug ’25CHF 534.00
CHF 499.33
-6.5%
8.2%CHF 550.00CHF 450.00n/a6
Jul ’25CHF 471.00
CHF 472.83
+0.4%
9.8%CHF 550.00CHF 402.00n/a6
Jun ’25CHF 485.00
CHF 472.83
-2.5%
9.8%CHF 550.00CHF 402.00n/a6
May ’25CHF 491.50
CHF 478.00
-2.7%
9.4%CHF 550.00CHF 402.00n/a7
Apr ’25CHF 474.50
CHF 478.00
+0.7%
9.4%CHF 550.00CHF 402.00n/a7
Mar ’25CHF 463.00
CHF 455.88
-1.5%
13.2%CHF 550.00CHF 363.00n/a8
Feb ’25CHF 428.00
CHF 455.88
+6.5%
13.2%CHF 550.00CHF 363.00n/a8
Jan ’25CHF 454.50
CHF 455.88
+0.3%
13.2%CHF 550.00CHF 363.00n/a8
Dec ’24CHF 468.50
CHF 462.13
-1.4%
14.4%CHF 550.00CHF 363.00n/a8
Nov ’24CHF 412.50
CHF 462.13
+12.0%
14.4%CHF 550.00CHF 363.00CHF 660.008
Oct ’24CHF 450.50
CHF 455.43
+1.1%
15.1%CHF 550.00CHF 363.00CHF 625.007
Sep ’24CHF 453.50
CHF 435.50
-4.0%
12.6%CHF 550.00CHF 363.00CHF 528.008
Aug ’24CHF 426.00
CHF 431.13
+1.2%
13.5%CHF 550.00CHF 348.00CHF 534.008
Jul ’24CHF 402.00
CHF 433.63
+7.9%
14.0%CHF 550.00CHF 348.00CHF 471.008
Jun ’24CHF 418.00
CHF 433.63
+3.7%
14.0%CHF 550.00CHF 348.00CHF 485.008
May ’24CHF 399.00
CHF 451.50
+13.2%
17.7%CHF 590.00CHF 348.00CHF 491.508
Apr ’24CHF 391.00
CHF 451.50
+15.5%
17.7%CHF 590.00CHF 348.00CHF 474.508
Mar ’24CHF 416.00
CHF 446.88
+7.4%
19.6%CHF 590.00CHF 306.00CHF 463.008
Feb ’24CHF 386.50
CHF 450.00
+16.4%
20.1%CHF 590.00CHF 306.00CHF 428.008
Jan ’24CHF 339.50
CHF 455.00
+34.0%
19.5%CHF 590.00CHF 306.00CHF 454.508
Dec ’23CHF 344.50
CHF 455.00
+32.1%
19.5%CHF 590.00CHF 306.00CHF 468.508
Nov ’23CHF 315.00
CHF 464.38
+47.4%
16.2%CHF 590.00CHF 381.00CHF 412.508

Analyst Forecast: Target price is lower than the current share price.

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