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dormakaba Holding (CH:DOKA)
:DOKA

dormakaba Holding AG (DOKA) AI Stock Analysis

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dormakaba Holding AG

(DOKA)

Rating:59Neutral
Price Target:
CHF763.00
â–²(3.95%Upside)
The stock score is primarily influenced by stable operating margins and strong cash flow metrics. Positive technical indicators suggest potential upward momentum, but a high P/E ratio indicates overvaluation concerns. The absence of guidance or significant corporate events limits further assessment.
Positive Factors
Financial Performance
Dormakaba delivered a healthy set of H1-24/24 results with sales, organic growth, EBITDA, and margins all beating or being in line with expectations, showing an improvement on the previous financial year.
Guidance and Targets
Guidance was raised for the full year, and the group confirmed its organic growth target for 2024/25 while raising its margin target in line with consensus.
Negative Factors
Free Cash Flow
FCF generation was down by -8.6% to CHF50.5m, implying a margin of 3.6%, which could be a point of concern despite other positive indicators.

dormakaba Holding AG (DOKA) vs. iShares MSCI Switzerland ETF (EWL)

dormakaba Holding AG Business Overview & Revenue Model

Company Descriptiondormakaba 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 MoneyDormakaba Holding AG generates revenue through the sale of its diverse range of security and access solutions. Key revenue streams include the manufacture and sale of door hardware, entrance systems, access control products, and related software solutions. The company also earns income from service contracts, maintenance agreements, and consulting services that support its product offerings. Additionally, Dormakaba benefits from strategic partnerships and collaborations with architects, builders, and technology firms to expand its market reach and enhance its product portfolio. The company emphasizes innovation and sustainability, which not only helps in meeting regulatory requirements but also attracts a broader customer base seeking modern security solutions.

dormakaba Holding AG Financial Statement Overview

Summary
dormakaba Holding AG exhibits stable EBITDA and EBIT margins, but faces challenges in revenue growth and net profitability. High leverage and moderate equity capitalization pose potential financial risks. Cash flow metrics indicate strong operating cash flow, although free cash flow growth has been negative.
Income Statement
45
Neutral
The company experienced a slight revenue decline from the previous year. Gross profit margin stands at 40.24%, and net profit margin is 1.49%, indicating challenges in cost management and profitability. EBIT and EBITDA margins are healthy at 5.81% and 10.56%, respectively, but the net income has decreased over the years.
Balance Sheet
50
Neutral
The debt-to-equity ratio is high at 2.37, reflecting significant leverage. However, the company maintains a positive equity ratio of 13.01%. Return on equity is relatively low at 16.50%, indicating moderate efficiency in utilizing equity capital.
Cash Flow
55
Neutral
The company shows a strong operating cash flow to net income ratio of 6.78, indicating robust cash generation relative to its earnings. Free cash flow growth is negative, but the free cash flow to net income ratio is 4.45, suggesting decent cash conversion.
Breakdown
TTMJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income StatementTotal Revenue
2.88B2.84B2.85B2.76B2.50B2.54B
Gross Profit
1.17B1.14B1.08B929.20M1.04B1.03B
EBIT
26.50M165.00M180.80M94.90M257.30M241.90M
EBITDA
341.10M299.50M323.00M337.10M351.60M323.60M
Net Income Common Stockholders
67.70M42.20M45.70M19.30M100.80M84.60M
Balance SheetCash, Cash Equivalents and Short-Term Investments
138.00M150.40M122.10M104.50M169.10M156.80M
Total Assets
1.72B1.97B1.95B2.07B1.87B1.81B
Total Debt
694.30M605.10M719.00M807.90M677.90M824.40M
Net Debt
556.30M454.70M596.90M703.40M508.80M667.60M
Total Liabilities
1.55B1.62B1.61B1.71B1.60B1.67B
Stockholders Equity
160.10M255.70M250.70M260.30M207.50M138.10M
Cash FlowFree Cash Flow
190.00M187.60M189.90M48.80M237.40M233.20M
Operating Cash Flow
276.70M286.20M288.40M127.30M313.50M328.10M
Investing Cash Flow
-85.70M-81.60M-111.80M-158.90M-95.50M-232.40M
Financing Cash Flow
-167.00M-177.90M-177.80M-400.00K-231.90M-65.80M

dormakaba Holding AG Technical Analysis

Technical Analysis Sentiment
Positive
Last Price734.00
Price Trends
50DMA
688.88
Positive
100DMA
679.31
Positive
200DMA
655.67
Positive
Market Momentum
MACD
11.35
Positive
RSI
57.83
Neutral
STOCH
75.28
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:DOKA, the sentiment is Positive. The current price of 734 is above the 20-day moving average (MA) of 730.90, above the 50-day MA of 688.88, and above the 200-day MA of 655.67, indicating a bullish trend. The MACD of 11.35 indicates Positive momentum. The RSI at 57.83 is Neutral, neither overbought nor oversold. The STOCH value of 75.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CH:DOKA.

dormakaba Holding AG Peers Comparison

Overall Rating
UnderperformOutperform
Sector (66)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
73
Outperform
CHF1.22B18.41
5.35%-11.92%100.79%
72
Outperform
CHF31.44B33.7819.73%1.90%-2.24%9.68%
70
Outperform
CHF4.24B19.75
3.61%0.25%18.00%
66
Neutral
$4.50B12.295.40%248.66%4.13%-12.33%
65
Neutral
CHF20.63B35.25
2.00%0.05%-1.75%
CHDAE
60
Neutral
CHF2.04B65.498.24%2.64%-3.80%-53.44%
59
Neutral
CHF3.07B45.51
1.06%2.72%156.72%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
CH:DOKA
dormakaba Holding AG
734.00
268.85
57.80%
CH:OERL
OC Oerlikon Corporation AG
3.74
-0.91
-19.57%
CH:DKSH
DKSH Holding AG
65.30
5.91
9.95%
CH:GEBN
Geberit AG
636.80
97.81
18.15%
CH:SCHP
Schindler Holding AG
298.40
69.66
30.45%
CH:DAE
Daetwyler Holding
119.80
-65.66
-35.40%
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.