dormakaba Holding AG (DOKA) AI Stock Analysis

• Market Cap: CHF3.01B
• Dividend Yield: 1.12%
• Average Volume (3M): 5.88K
• Price to Earnings (P/E): 30.7
• Beta (1Y): 0.52
• Revenue Growth: 1.16%
• EPS Growth: 132.28%
• Country: CH
• Employees: 15,427
• Sector: Industrials
• Sector Strength: 72
• Industry: Security & Protection Services
• EPS (TTM): 11.40
• Shares Outstanding: 4,200,026
• 10 Day Avg. Volume: 5,417
• 30 Day Avg. Volume: 5,880
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: CHF820.00
• Price Target Upside: 14.05% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4

• Rating: 52 Neutral
• Price Target: CHF719.00 ▲(0.00% Upside)

The overall stock score of 52 reflects significant financial challenges, including high leverage and inconsistent revenue growth. Technical indicators suggest a bearish trend, and the valuation appears stretched with a high P/E ratio. These factors outweigh any operational improvements, resulting in a cautious outlook.

Positive Factors

Market Position

Dormakaba's extensive global presence strengthens its market position, allowing it to leverage economies of scale and access diverse revenue streams across multiple sectors.

Product Diversity

A diverse product portfolio enables Dormakaba to cater to various customer needs, reducing dependency on any single product line and enhancing resilience against market fluctuations.

Operational Improvements

Improving operational efficiencies suggest that Dormakaba is effectively managing costs, which could lead to enhanced profitability and competitive advantage over time.

Negative Factors

High Leverage

High leverage can constrain financial flexibility and increase risk, potentially impacting Dormakaba's ability to invest in growth opportunities or weather economic downturns.

Inconsistent Revenue Growth

Inconsistent revenue growth may indicate challenges in sustaining market demand or competitive pressures, which could affect long-term financial stability and investor confidence.

Cash Flow Challenges

Negative free cash flow growth suggests difficulties in generating excess cash, which could limit Dormakaba's ability to fund new projects, pay down debt, or return capital to shareholders.

dormakaba Holding AG Business Overview & Revenue Model

Company Description

dormakaba Holding AG provides access and security solutions worldwide. The company operates through Access Solutions AMER, Access Solutions APAC, Access Solutions DACH, Access Solutions EMEA, and Key?&?Wall Solutions segments. It offers door hardware products, such as door closer systems, door locks, and escape route systems; and entrance systems, including sliding, revolving, swing doors, as well as sensor barriers and personal interlocks. The company also provides electronic access and data that include access readers, terminals, electronic fittings, and locking cylinders; mechanical cylinder lock and master key systems; lodging systems comprising electronic door locks, and perimeter and facility readers, as well as mobile access solutions; safe locks; interior glass systems; movable walls; and key blanks and key cutting machines under the Silca, Ilco, and Advanced Diagnostics brand names. In addition, it offers contactless identification systems and trusted services based on the Legic SmartCard and Connect technologies. The company offers its products to hotels, shops, sporting venues, airports, hospitals, homes, and offices. dormakaba Holding AG was founded in 1862 and is headquartered in Rumlang, Switzerland.

How the Company Makes Money

Dormakaba Holding AG generates its revenue through the sale of its diverse range of security and access products and services. The company's key revenue streams include sales from electronic access and data solutions, which offer comprehensive electronic access control and workforce management systems; mechanical key systems, catering to traditional security needs; and entrance systems, which include automated doors and secure entry solutions. Additionally, Dormakaba provides installation, maintenance, and consulting services that complement its product offerings. The company's revenue is further bolstered by strategic partnerships and alliances that enhance its market reach and technological capabilities, as well as its presence in multiple sectors that demand high-security solutions such as hospitality, healthcare, and government.

dormakaba Holding AG Financial Statement Overview

Summary

dormakaba Holding AG faces challenges in revenue growth and profitability, with high leverage posing financial risks. While there are signs of operational improvements, the company needs to enhance its cash flow generation and reduce reliance on debt to strengthen its financial position.

Income Statement

The company's gross profit margin has been relatively stable, with a slight improvement in recent years. However, the net profit margin remains low, indicating challenges in converting revenue into profit. Revenue growth has been inconsistent, with a notable decline in the latest period. EBIT and EBITDA margins show some improvement, suggesting operational efficiencies, but overall profitability remains a concern.

Balance Sheet

The balance sheet reveals a high debt-to-equity ratio, indicating significant leverage and potential financial risk. Return on equity has improved but remains volatile, reflecting fluctuating profitability. The equity ratio is low, suggesting limited financial stability and reliance on debt financing.

Cash Flow

Operating cash flow is positive but has decreased recently, impacting the company's ability to cover net income. Free cash flow growth has been negative, indicating challenges in generating excess cash. The ratios of operating and free cash flow to net income suggest moderate efficiency in cash conversion.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.87B	2.87B	2.84B	2.85B	2.76B	2.50B
Gross Profit	1.18B	1.18B	1.14B	1.08B	929.20M	1.04B
EBITDA	428.10M	390.80M	299.50M	323.00M	337.10M	351.60M
Net Income	97.90M	97.90M	42.20M	45.70M	19.30M	100.80M
Balance Sheet
Total Assets	2.17B	2.17B	1.97B	1.95B	2.07B	1.87B
Cash, Cash Equivalents and Short-Term Investments	445.10M	445.10M	150.40M	122.10M	104.50M	169.10M
Total Debt	800.40M	800.40M	605.10M	719.00M	807.90M	677.90M
Total Liabilities	1.77B	1.77B	1.62B	1.61B	1.71B	1.60B
Stockholders Equity	277.00M	277.00M	255.70M	250.70M	260.30M	207.50M
Cash Flow
Free Cash Flow	48.80M	157.40M	187.60M	189.90M	48.80M	237.40M
Operating Cash Flow	80.30M	264.50M	286.20M	288.40M	127.30M	313.50M
Investing Cash Flow	-30.10M	-91.20M	-81.60M	-111.80M	-158.90M	-95.50M
Financing Cash Flow	-69.30M	133.30M	-177.90M	-177.80M	-400.00K	-231.90M

dormakaba Holding AG Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 719.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:DOKA, the sentiment is Neutral. The current price of 719 is below the 20-day moving average (MA) of 727.20, below the 50-day MA of 744.58, and above the 200-day MA of 702.30, indicating a neutral trend. The MACD of -6.17 indicates Negative momentum. The RSI at 48.87 is Neutral, neither overbought nor oversold. The STOCH value of 42.04 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for CH:DOKA.

dormakaba Holding AG Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SUN	73 Outperform	CHF4.64B	16.99	23.37%	3.09%	5.79%	13.20%
KARN	70 Outperform	CHF2.31B	31.21	―	2.00%	11.43%	6.46%
INRN	68 Neutral	CHF2.08B	35.00	―	1.30%	-3.67%	-12.95%
BOSN	66 Neutral	CHF1.35B	19.66	18.65%	2.23%	2.35%	1.92%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
FORN	63 Neutral	$1.02B	12.77	12.91%	3.43%	-2.80%	-14.35%
DOKA	52 Neutral	CHF3.01B	30.72	―	1.12%	1.16%	132.28%

dormakaba Holding AG Corporate Events

dormakaba’s 2024/25 Sustainability Report Highlights Significant Progress

dormakaba has made significant strides in its sustainability initiatives, as outlined in its Sustainability Report 2024/25. The company achieved a 25% reduction in Scope 1 and 2 emissions, a 33.5% decrease in injury rates, and a 54% reduction in landfill waste. These efforts are complemented by social responsibility initiatives, such as evaluating high-risk suppliers and reintegrating children into education in the Democratic Republic of Congo. dormakaba’s commitment to sustainability has earned it several prestigious awards, reinforcing its position as a leader in sustainable business practices.

The most recent analyst rating on (CH:DOKA) stock is a Buy with a CHF862.00 price target. To see the full list of analyst forecasts on dormakaba Holding AG stock, see the CH:DOKA Stock Forecast page.

Dormakaba Achieves Strong Growth and Sets Ambitious Goals for 2025/26

Dormakaba reported strong financial performance for fiscal year 2024/25, with a 4.1% organic net sales growth and an increased EBITDA margin of 15.5%. The company achieved its medium-term ROCE target a year early and proposed a dividend increase and stock split. Dormakaba’s transformation program and strategic focus on R&D and market development have driven growth in key industries, while sustainability goals have seen significant progress. The company anticipates continued growth in 2025/26 despite global uncertainties, with expectations of 3-5% organic net sales growth and an EBITDA margin over 16%.

The most recent analyst rating on (CH:DOKA) stock is a Buy with a CHF862.00 price target. To see the full list of analyst forecasts on dormakaba Holding AG stock, see the CH:DOKA Stock Forecast page.