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dormakaba Holding

OTCPK:DRRK.F
Snowflake Description

Adequate balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DRRK.F
OTCPK
CHF3B
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

dormakaba Holding AG provides access control and security solutions worldwide. The last earnings update was 109 days ago. More info.


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DRRK.F Share Price and Events
7 Day Returns
7.1%
OTCPK:DRRK.F
1.4%
US Building
2%
US Market
1 Year Returns
-
OTCPK:DRRK.F
1.8%
US Building
4.3%
US Market
DRRK.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
dormakaba Holding (DRRK.F) 7.1% 7.1% - - - -
US Building 1.4% 4.1% 9.9% 1.8% 17% 17.5%
US Market 2% 4.1% 4.2% 4.3% 43.9% 40.8%
1 Year Return vs Industry and Market
  • No trading data on DRRK.F.
  • No trading data on DRRK.F.
Price Volatility
DRRK.F
Industry
5yr Volatility vs Market

DRRK.F Value

 Is dormakaba Holding undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of dormakaba Holding to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for dormakaba Holding.

OTCPK:DRRK.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 10 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.3%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:DRRK.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Building Unlevered Beta Simply Wall St/ S&P Global 1.11
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.112 (1 + (1- 18%) (30.59%))
1.262
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.26
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.262 * 5.96%)
10.25%

Discounted Cash Flow Calculation for OTCPK:DRRK.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for dormakaba Holding is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:DRRK.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CHF, Millions) Source Present Value
Discounted (@ 10.25%)
2019 256.40 Analyst x6 232.55
2020 272.42 Analyst x6 224.11
2021 309.34 Analyst x3 230.81
2022 356.10 Analyst x1 240.99
2023 356.00 Analyst x1 218.52
2024 358.85 Est @ 0.8% 199.78
2025 363.79 Est @ 1.38% 183.70
2026 370.28 Est @ 1.78% 169.59
2027 377.94 Est @ 2.07% 157.00
2028 386.50 Est @ 2.27% 145.62
Present value of next 10 years cash flows CHF2,002.67
OTCPK:DRRK.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CHF386.50 × (1 + 2.73%) ÷ (10.25% – 2.73%)
CHF5,277.62
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CHF5,277.62 ÷ (1 + 10.25%)10
CHF1,988.47
OTCPK:DRRK.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CHF2,002.67 + CHF1,988.47
CHF3,991.14
Equity Value per Share
(CHF)
= Total value / Shares Outstanding
= CHF3,991.14 / 4.19
CHF953.17
OTCPK:DRRK.F Discount to Share Price
Calculation Result
Value per share (USD) From above. $972.28
Current discount Discount to share price of $712.00
= -1 x ($712.00 - $972.28) / $972.28
26.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price dormakaba Holding is available for.
Intrinsic value
27%
Share price is $712 vs Future cash flow value of $972.28
Current Discount Checks
For dormakaba Holding to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • dormakaba Holding's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • dormakaba Holding's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for dormakaba Holding's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are dormakaba Holding's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:DRRK.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CHF CHF31.39
SWX:DOKA Share Price ** SWX (2019-06-21) in CHF CHF698
United States of America Building Industry PE Ratio Median Figure of 30 Publicly-Listed Building Companies 17.81x
United States of America Market PE Ratio Median Figure of 3,095 Publicly-Listed Companies 17.88x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of dormakaba Holding.

OTCPK:DRRK.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SWX:DOKA Share Price ÷ EPS (both in CHF)

= 698 ÷ 31.39

22.24x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • dormakaba Holding is overvalued based on earnings compared to the US Building industry average.
  • dormakaba Holding is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does dormakaba Holding's expected growth come at a high price?
Raw Data
OTCPK:DRRK.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 22.24x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
8.9%per year
United States of America Building Industry PEG Ratio Median Figure of 26 Publicly-Listed Building Companies 1.3x
United States of America Market PEG Ratio Median Figure of 2,134 Publicly-Listed Companies 1.54x

*Line of best fit is calculated by linear regression .

OTCPK:DRRK.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 22.24x ÷ 8.9%

2.51x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • dormakaba Holding is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on dormakaba Holding's assets?
Raw Data
OTCPK:DRRK.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CHF CHF32.25
SWX:DOKA Share Price * SWX (2019-06-21) in CHF CHF698
United States of America Building Industry PB Ratio Median Figure of 37 Publicly-Listed Building Companies 2.09x
United States of America Market PB Ratio Median Figure of 5,255 Publicly-Listed Companies 1.8x
OTCPK:DRRK.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SWX:DOKA Share Price ÷ Book Value per Share (both in CHF)

= 698 ÷ 32.25

21.65x

* Primary Listing of dormakaba Holding.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • dormakaba Holding is overvalued based on assets compared to the US Building industry average.
X
Value checks
We assess dormakaba Holding's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Building industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Building industry average (and greater than 0)? (1 check)
  5. dormakaba Holding has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

DRRK.F Future Performance

 How is dormakaba Holding expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
8.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is dormakaba Holding expected to grow at an attractive rate?
  • dormakaba Holding's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • dormakaba Holding's earnings growth is positive but not above the United States of America market average.
  • dormakaba Holding's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:DRRK.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:DRRK.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 8.9%
OTCPK:DRRK.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 3.2%
United States of America Building Industry Earnings Growth Rate Market Cap Weighted Average 12.3%
United States of America Building Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:DRRK.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in CHF Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:DRRK.F Future Estimates Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-06-30 3,315 1
2022-06-30 3,194 1
2021-06-30 3,054 394 167 8
2020-06-30 2,968 360 157 10
2019-06-30 2,877 348 142 10
OTCPK:DRRK.F Past Financials Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income *
2018-12-31 2,837 281 131
2018-09-30 2,839 275 128
2018-06-30 2,841 269 124
2018-03-31 2,794 267 125
2017-12-31 2,747 264 126
2017-09-30 2,634 265 121
2017-06-30 2,520 265 116
2017-03-31 2,431 255 95
2016-12-31 2,342 245 73
2016-09-30 2,229 250 63
2016-06-30 2,116 255 54
2016-03-31 1,799 215 67

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • dormakaba Holding's earnings are expected to grow by 8.9% yearly, however this is not considered high growth (20% yearly).
  • dormakaba Holding's revenue is expected to grow by 3.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:DRRK.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below

All data from dormakaba Holding Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:DRRK.F Future Estimates Data
Date (Data in CHF Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-06-30
2022-06-30
2021-06-30 38.97 40.80 35.27 7.00
2020-06-30 36.93 39.19 34.03 10.00
2019-06-30 33.63 35.56 32.05 10.00
OTCPK:DRRK.F Past Financials Data
Date (Data in CHF Millions) EPS *
2018-12-31 31.39
2018-09-30 30.49
2018-06-30 29.59
2018-03-31 29.77
2017-12-31 29.96
2017-09-30 28.86
2017-06-30 27.75
2017-03-31 22.57
2016-12-31 17.38
2016-09-30 15.13
2016-06-30 12.87
2016-03-31 16.19

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • dormakaba Holding is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess dormakaba Holding's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
dormakaba Holding has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

DRRK.F Past Performance

  How has dormakaba Holding performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare dormakaba Holding's growth in the last year to its industry (Building).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • dormakaba Holding's year on year earnings growth rate has been positive over the past 5 years.
  • dormakaba Holding's 1-year earnings growth is less than its 5-year average (4.5% vs 9.3%)
  • dormakaba Holding's earnings growth has not exceeded the US Building industry average in the past year (4.5% vs 24.6%).
Earnings and Revenue History
dormakaba Holding's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from dormakaba Holding Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:DRRK.F Past Revenue, Cash Flow and Net Income Data
Date (Data in CHF Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 2,836.90 131.20 733.40 106.90
2018-09-30 2,838.95 127.50 733.25 107.80
2018-06-30 2,841.00 123.80 733.10 108.70
2018-03-31 2,794.00 124.65 722.50 107.95
2017-12-31 2,747.00 125.50 711.90 107.20
2017-09-30 2,633.55 120.95 686.95 102.40
2017-06-30 2,520.10 116.40 662.00 97.60
2017-03-31 2,431.05 94.65 641.55 93.30
2016-12-31 2,342.00 72.90 621.10 89.00
2016-09-30 2,228.95 63.40 593.20 85.05
2016-06-30 2,115.90 53.90 565.30 81.10
2016-03-31 1,798.65 66.50 480.85 72.25
2015-12-31 1,481.40 79.10 396.40 63.40
2015-09-30 1,283.30 88.75 340.60 58.30
2015-06-30 1,085.20 98.40 284.80 53.20
2015-03-31 1,079.60 97.75 287.20 53.70
2014-12-31 1,074.00 97.10 289.60 54.20
2014-09-30 1,038.75 94.15 281.25 52.75
2014-06-30 1,003.50 91.20 272.90 51.30
2013-12-31 979.50 86.00 269.30 49.20
2013-09-30 971.90 84.85 267.75 48.95
2013-06-30 964.30 83.70 266.20 48.70
2012-12-31 950.40 83.90 325.50 23.20
2012-09-30 952.50 84.65 348.35 11.60
2012-06-30 954.60 85.40 371.20

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst dormakaba Holding made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.
  • dormakaba Holding used its assets more efficiently than the US Building industry average last year based on Return on Assets.
  • dormakaba Holding has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess dormakaba Holding's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Building industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
dormakaba Holding has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

DRRK.F Health

 How is dormakaba Holding's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up dormakaba Holding's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • dormakaba Holding is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • dormakaba Holding's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of dormakaba Holding's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from dormakaba Holding Company Filings, last reported 5 months ago.

OTCPK:DRRK.F Past Debt and Equity Data
Date (Data in CHF Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 140.70 894.00 133.90
2018-09-30 140.70 894.00 133.90
2018-06-30 187.00 837.90 145.80
2018-03-31 187.00 837.90 145.80
2017-12-31 114.50 967.80 181.20
2017-09-30 114.50 967.80 181.20
2017-06-30 183.10 813.90 211.70
2017-03-31 183.10 813.90 211.70
2016-12-31 574.20 193.70 171.10
2016-09-30 574.20 193.70 171.10
2016-06-30 680.50 52.90 215.80
2016-03-31 680.50 52.90 215.80
2015-12-31 621.60 147.20 178.50
2015-09-30 621.60 147.20 178.50
2015-06-30 442.10 21.00 142.50
2015-03-31 442.10 21.00 142.50
2014-12-31 248.70 148.20 55.20
2014-09-30 248.70 148.20 55.20
2014-06-30 323.30 44.90 80.70
2013-12-31 557.60 78.30 85.10
2013-09-30 557.60 78.30 85.10
2013-06-30 583.80 86.10 142.30
2012-12-31 539.80 124.40 134.80
2012-09-30 539.80 124.40 134.80
2012-06-30 553.10 113.80 126.20
  • dormakaba Holding's level of debt (635.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (14% vs 635.4% today).
  • Debt is well covered by operating cash flow (31.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 9.7x coverage).
X
Financial health checks
We assess dormakaba Holding's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. dormakaba Holding has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

DRRK.F Dividends

 What is dormakaba Holding's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.15%
Current annual income from dormakaba Holding dividends. Estimated to be 2.58% next year.
If you bought $2,000 of dormakaba Holding shares you are expected to receive $43 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • dormakaba Holding's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • dormakaba Holding's dividend is below the markets top 25% of dividend payers in United States of America (3.73%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:DRRK.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
United States of America Building Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 1.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2012 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:DRRK.F Future Dividends Estimate Data
Date (Data in CHF) Dividend per Share (annual) Avg. No. Analysts
2023-06-30
2022-06-30
2021-06-30 19.13 7.00
2020-06-30 18.47 10.00
2019-06-30 16.80 10.00
OTCPK:DRRK.F Past Annualized Dividends Data
Date (Data in CHF) Dividend per share (annual) Avg. Yield (%)
2018-09-11 15.000 2.168
2017-09-12 14.000 1.745
2017-07-17 14.000 1.620
2016-09-07 12.000 1.541
2015-09-10 12.000 1.861
2015-09-09 12.000 1.883
2014-09-12 11.000 2.078
2013-09-16 11.000 2.607
2012-09-17 7.000 1.865
2011-09-19 14.000 4.072
2011-08-29 14.000 4.735
2010-08-27 7.000 1.979
2009-06-30 4.700 1.808

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of dormakaba Holding's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2x coverage).
X
Income/ dividend checks
We assess dormakaba Holding's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can dormakaba Holding afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. dormakaba Holding has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

DRRK.F Management

 What is the CEO of dormakaba Holding's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Riet Cadonau
COMPENSATION CHF3,518,781
AGE 57
TENURE AS CEO 7.9 years
CEO Bio

Mr. Riet Cadonau serves as has been Chief Executive Officer at dormakaba Holding AG since July 1, 2011 and serves as its Chairman since 2018. Mr. Cadonau is responsible for leveraging the ACS's BPO expertise with new and existing clients as they execute their growth strategies, both in Europe and overseas. He served as Senior Managing Director of European Markets at Xerox State Healthcare, LLC. He served as Senior Managing Director for European Markets of ACS State Healthcare, LLC is a subsidiary of Affiliated Computer Services, Inc. from 2001 to 2005. He served as the Senior Vice President and Senior Managing Director for European Markets at Xerox Business Services, LLC since March 20, 2007 and served as its Executive Officer of Transport Revenue Line Business. Mr. Cadonau served as Chief Executive Officer at Ascom Network Testing Ltd and Axel Springer Schweiz AG from 2007 to 2011. He joined ACS following the acquisition of the Ascom Transport Revenue Division where he served as General Manager since November 1, 2002. He served as the Chief Executive Officer of Ascom Holding AG since August 2007 until April 1, 2011 and served as its Member of the Executive Board from June 1, 2001 to April 1, 2011. He served as CEO & Director of Kaba Group from 2007 to 2011 & from 2006 to 2011. Mr. Cadonau served as Deputy Chief Executive Officer of Ascom Holding AG since November 1, 2002. He served as President of Swiss Management Association since 2004 until 2009. He served as head of Integrated Services Division of Ascom Group from 2001 to 2002, encompassing Network Integration (European business), Transport Revenue (global business) and Security Solutions (Germany, Austria and Switzerland) and also managed its Network Integration operation as a combined position. He assumed responsibility for globally active Transport Revenue Division of Ascom Holding AG and was responsible for its IT operations and for Payphone business in 2002. He has many years of comprehensive experience in the industry. He served as Member of Executive Board of Ascom Holding AG from June 1, 2001 to November 30, 2005. Mr. Cadonau served as General Manager of Transport Revenue of Ascom Holding AG since November 1, 2002. He served as Member of Executive Board and Head of Global Services of IBM Switzerland from 1998 to 2001 and also held various sales and management positions including Account Executive Credit Suisse (worldwide), Head of Banking business unit, Switzerland since 1990. He served as Executive, Assistant Marketing of Swiss Bank Corporation, Basle since 1988. Mr. Cadonau serves as an Officer General Staff of the Swiss Army. He serves as the Chairman of Schweizerische Management Gesellschaft (SMG). He has been a Non-Executive Director of Zehnder Group AG since April 23, 2013 and Independent Director of Georg Fischer AG since March 23, 2016. He serves as Non-Executive Director of Kaba Management + Consulting AG. He served as a Director of dormakaba Holding AG from 2006 to July 1, 2011 & Director of IBM Global Services. He served as Director of Griesser Group from 2006 to 2011. Mr. Cadonau holds Masters Degree in Business Economics and Business Administration from University of Zurich in 1988, focusing on marketing and human resources. He holds Certificate in English from London Chamber of Commerce and Industry and Diploma from Swiss universities' Schweizerischer Kurs für Unternehmensführung (business management course) in 1997. He holds Advanced Management Program at INSEAD in France in 2007.

CEO Compensation
  • Riet's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Riet's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the dormakaba Holding management team in years:

7.9
Average Tenure
56
Average Age
  • The average tenure for the dormakaba Holding management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Riet Cadonau

TITLE
Chairman & CEO
COMPENSATION
CHF4M
AGE
57
TENURE
7.9 yrs

Bernd Brinker

TITLE
Chief Financial Officer
AGE
53
TENURE
4.4 yrs

Andreas Häberli

TITLE
Chief Technology Officer
AGE
50
TENURE
7.9 yrs

David Ratcliffe

TITLE
General Counsel

Daniela Schochlin

TITLE
Senior Vice President of Group Communications
TENURE
3.8 yrs

Roberto Gaspari

TITLE
Chief Operating Officer of Access Solutions - EMEA
AGE
59
TENURE
13.4 yrs

Stefano Zocca

TITLE
Chief Operating Officer of Key & Wall Solutions
AGE
55
TENURE
7.9 yrs

Markus Stauble

TITLE
Head of Group Information Technology

Kurt Niederhauser

TITLE
Head of Group Controlling
TENURE
28.4 yrs

Michael Kincaid

TITLE
Chief Operating Officer of Access Solutions - AMER
AGE
57
TENURE
5.7 yrs
Board of Directors Tenure

Average tenure and age of the dormakaba Holding board of directors in years:

3.8
Average Tenure
57
Average Age
  • The tenure for the dormakaba Holding board of directors is about average.
Board of Directors

Riet Cadonau

TITLE
Chairman & CEO
COMPENSATION
CHF4M
AGE
57

Rolf Dörig

TITLE
Non-Executive Vice-Chairman
COMPENSATION
CHF239K
AGE
61

Hans Hess

TITLE
Lead Independent Director & Vice-Chairman
COMPENSATION
CHF218K
AGE
63

Daniel Daeniker

TITLE
Non-Executive Director
COMPENSATION
CHF244K
AGE
55
TENURE
9.4 yrs

Karina Dubs-Kuenzle

TITLE
Non-Executive Director
COMPENSATION
CHF202K
AGE
55
TENURE
18.4 yrs

John Heppner

TITLE
Non-Executive Director
COMPENSATION
CHF189K
AGE
66
TENURE
5.7 yrs

Christine Mankel-Madaus

TITLE
Director
COMPENSATION
CHF169K
AGE
36
TENURE
3.8 yrs

Stephanie Brecht-Bergen

TITLE
Director
COMPENSATION
CHF169K
AGE
33
TENURE
3.8 yrs

Hans Gummert

TITLE
Director
COMPENSATION
CHF308K
AGE
57
TENURE
3.8 yrs

Birgersson Jens

TITLE
Director
TENURE
0.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess dormakaba Holding's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. dormakaba Holding has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

DRRK.F News

Simply Wall St News

DRRK.F Company Info

Description

dormakaba Holding AG provides access control and security solutions worldwide. It operates through Access Solutions, and Key and Wall Solutions segments. The company offers door hardware products, such as door closer systems, heavy duty exit devices, and elegant door hardware interconnects towers; entrance systems automated boarding pass controls and automatic sliding doors; electronic access control and data collection solutions; mechanical and master key systems; lodging systems comprising electronic hotel locks and access control systems; safe locks; interior glass systems, which include multifunctional manual sliding door systems; key systems and key cutting machines; and movable walls. It also provides maintenance services. The company offers its products to hotels, shops, sports centers, airports, hospitals, homes, and offices. dormakaba Holding AG was founded in 1862 and is based in Rümlang, Switzerland.

Details
Name: dormakaba Holding AG
DRRK.F
Exchange: OTCPK
Founded: 1862
CHF3,008,962,571
4,187,243
Website: http://www.dormakaba.com
Address: dormakaba Holding AG
Hofwisenstrasse 24,
Rümlang,
Zurich, 8153,
Switzerland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SWX DOKA Registered Shares SIX Swiss Exchange CH CHF 24. Nov 1995
OTCPK DRRK.F Registered Shares Pink Sheets LLC US USD 24. Nov 1995
DB KABN Registered Shares Deutsche Boerse AG DE EUR 24. Nov 1995
LSE 0QMS Registered Shares London Stock Exchange GB CHF 24. Nov 1995
BATS-CHIXE DOKAZ Registered Shares BATS 'Chi-X Europe' GB CHF 24. Nov 1995
OTCPK DRMK.Y UNSPONSORD ADR Pink Sheets LLC US USD 22. Jun 2017
Number of employees
Current staff
Staff numbers
15,801
dormakaba Holding employees.
Industry
Building Products
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/24 23:52
End of day share price update: 2019/06/21 00:00
Last estimates confirmation: 2019/05/28
Last earnings filing: 2019/03/07
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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 here.