Dometic Group AB (SE:DOM)
:DOM
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Dometic Group AB
(DOM)
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Rating:61Neutral
Price Target:
kr35.00
▼(-27.36% Downside)
Action:ReiteratedDate:04/24/26
The score is primarily driven by mixed financial performance: strong free cash flow and acceptable leverage are offset by shrinking revenue, lower profitability versus prior years, and demonstrated earnings volatility. Technicals show improving near-term momentum but a still-weak long-term trend. Valuation is relatively reasonable (low P/E with a modest yield), while the earnings call points to a gradual recovery with meaningful FX/tariff and demand risks.
Positive Factors
Strong free cash flow generation
Dometic's persistent, multi-year free cash flow (TTM ~SEK2.3bn) and high conversion ratio provide durable funding for debt reduction, restructuring cash-outs, and capex. Strong FCF supports financial flexibility across cycles and underpins deleveraging plans even if revenue recovery is gradual.
Negative Factors
Shrinking revenue and earnings volatility
Material revenue declines and prior-year loss show structural demand and margin pressure. Persistent negative organic growth and low net margins limit internal funding for growth and make deleveraging more dependent on continued cost cuts and working-capital improvements, extending recovery timelines.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong free cash flow generation
Dometic's persistent, multi-year free cash flow (TTM ~SEK2.3bn) and high conversion ratio provide durable funding for debt reduction, restructuring cash-outs, and capex. Strong FCF supports financial flexibility across cycles and underpins deleveraging plans even if revenue recovery is gradual.
Read all positive factors
Dometic Group AB (DOM) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr10.23B
Dividend Yield2.85%
Average Volume (3M)536.15K
Price to Earnings (P/E)12.0
Beta (1Y)1.44
Revenue Growth-14.52%
EPS GrowthN/A
CountrySE
Employees7,349
SectorConsumer Cyclical
Sector Strength84
IndustryLeisure
Share Statistics
EPS (TTM)0.54
Shares Outstanding319,500,000
10 Day Avg. Volume409,193
30 Day Avg. Volume536,151
Financial Highlights & Ratios
PEG Ratio-0.29
Price to Book (P/B)0.72
Price to Sales (P/S)0.71
P/FCF Ratio8.56
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
kr55.00Price Target Upside14.16% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)3.42
Revenue Forecast (FY)kr20.59B
Dometic Group AB Business Overview & Revenue Model
Company Description
Dometic Group AB (publ), together with its subsidiaries, provides solutions for mobile living in the areas of food and beverage, climate, power and control, safety and security, and hygiene and sanitation in the Americas, Germany, Australia, the U...
How the Company Makes Money
Dometic makes money primarily by selling mobile-living equipment and related accessories through a mix of original equipment manufacturer (OEM) and aftermarket channels. A major revenue stream comes from supplying complete systems and components (...
Dometic Group AB Earnings Call Summary
Earnings Call Date:Jan 28, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Jul 14, 2026
Earnings Call Sentiment Neutral
The call conveyed a mixed outlook: the company is showing concrete operational progress (improving gross margins, restructuring savings, inventory reduction, solid full-year cash generation and select segment margin improvements) and management expressed confidence in returning to growth in 2026. However, meaningful near-term headwinds persist — continued negative organic growth, significant FX and tariff/labor cost impacts (notably in Mobile Cooling), a weak Q4 with negative adjusted EPS, higher short-term cash out for restructuring and a modest increase in leverage. Management is optimistic but cautious, expecting low-to-mid single-digit growth next year and further working-capital improvements.Positive Updates
Improved Gross Margin and Cost Control
Gross margin improved to 28.7% from 26.8% year-over-year; restructuring and efficiency actions driving underlying margin improvement despite lower sales.
Negative Updates
Continued Negative Organic Growth
Q4 organic growth -3% and full-year organic growth -8%; several segments (Land Vehicles -4% in Q4, Marine -3%, Global Ventures -3%) and Americas exposure showing double-digit declines in some areas (LV Americas -10%, LV APAC -10%).
Read all updates
Q4-2025 Updates
Positive
Negative
Improved Gross Margin and Cost Control
Gross margin improved to 28.7% from 26.8% year-over-year; restructuring and efficiency actions driving underlying margin improvement despite lower sales.
Read all positive updates
Company Guidance
Management guided to deliver low‑to‑mid single‑digit growth in 2026, with free cash flow expected slightly below 2025’s >SEK1.4bn and a meaningful reduction in leverage from 3.3x (Q4) toward their ~2.5x target (CFO indicated a push toward ~2.0–2.5x); they expect to offset Mobile Cooling tariff/labor headwinds (SEK30m impact in Q4) via price increases effective Jan‑1 (last year’s SEK63m duty‑drawback was non‑recurring). FX is a key risk (a ±5% USD move ≈ SEK47m EBITA, EUR ±5% ≈ SEK37m); Q4 FX cost was ~2.1 percentage points on EBITA margin (full‑year FX ~0.4 pp) and management flagged a possible USD move of -5–7% and EUR -3% into Q1. Working capital is expected to improve toward a 20% net‑sales target (LTM 25% at Q4, quarter 23%; inventory SEK4.8bn vs SEK6.5bn LY; days of inventory 119 vs 138) with an accounts‑receivable program expected to free up ~SEK300–400m by end‑2026. The restructuring program targets SEK750m run‑rate savings by end‑2026 (SEK350m achieved to Dec; ~SEK270m cash‑out to date, ~SEK400m total cash‑out expected), and net financial expense should ease after planned bond repayment in May (current financial net >SEK200m, expected toward ~SEK180m).Dometic Group AB Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
60
Neutral
Cash Flow
71
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 20.45B | 21.04B | 24.62B | 27.77B | 29.76B | 21.52B |
| Gross Profit | 5.49B | 5.61B | 6.82B | 7.10B | 7.88B | 6.36B |
| EBITDA | 3.05B | 3.22B | 2.54B | 4.41B | 4.53B | 3.72B |
| Net Income | 417.00M | 428.00M | -2.30B | 1.33B | 1.78B | 1.73B |
Balance Sheet | ||||||
| Total Assets | 47.91B | 45.81B | 52.82B | 54.12B | 57.45B | 52.03B |
| Cash, Cash Equivalents and Short-Term Investments | 4.83B | 4.86B | 4.21B | 4.35B | 4.40B | 4.41B |
| Total Debt | 16.72B | 16.49B | 17.62B | 18.44B | 19.73B | 17.21B |
| Total Liabilities | 25.73B | 24.88B | 27.36B | 28.13B | 31.04B | 29.58B |
| Stockholders Equity | 22.18B | 20.93B | 25.46B | 25.99B | 26.41B | 22.45B |
Cash Flow | ||||||
| Free Cash Flow | 2.30B | 1.75B | 3.49B | 4.23B | 1.28B | 740.00M |
| Operating Cash Flow | 2.63B | 2.11B | 3.87B | 4.85B | 1.87B | 1.15B |
| Investing Cash Flow | -294.00M | -331.00M | -519.00M | -1.17B | -1.43B | -8.76B |
| Financing Cash Flow | -1.53B | -369.00M | -3.54B | -3.69B | -570.00M | 4.03B |
Dometic Group AB Technical Analysis
Negative
48.18
Price Trends
32.62
Negative
38.76
Negative
43.92
Negative
Market Momentum
-0.44
Negative
59.19
Neutral
82.18
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:DOM, the sentiment is Negative. The current price of 48.18 is above the 20-day moving average (MA) of 26.99, above the 50-day MA of 32.62, and above the 200-day MA of 43.92, indicating a neutral trend. The MACD of -0.44 indicates Negative momentum. The RSI at 59.19 is Neutral, neither overbought nor oversold. The STOCH value of 82.18 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:DOM.
Dometic Group AB Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | kr19.63B | -23.34 | 21.87% | 5.28% | 1.56% | -19.70% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | kr10.23B | 12.04 | ― | 2.85% | -14.52% | ― | |
60 Neutral | kr25.39B | 23.21 | 14.62% | 3.54% | 9.30% | -2.80% | |
59 Neutral | kr12.61B | 24.75 | 12.33% | 3.12% | 4.58% | -15.05% | |
53 Neutral | kr6.19B | 124.18 | 2.04% | 6.24% | -1.94% | -67.69% | |
42 Neutral | kr12.94B | -8.42 | 6.30% | ― | -6.83% | ― |
* Consumer Cyclical Sector Average
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Dometic Group AB Corporate Events
Dometic lifts margins on aftermarket growth as Q1 sales stay flat organically
Apr 23, 2026
Dometic reported first-quarter 2026 net sales of SEK 5.24 billion, down 10% year-on-year mainly due to currency effects, with flat organic growth and improved profitability. Gross margin rose to 29.6% and EBITA margin to 10.6%, driven by cost savi...
Dometic AGM Backs No-Dividend Policy and Expands Board Funding Flexibility
Apr 14, 2026
Dometic Group AB’s annual shareholders’ meeting in Stockholm approved the 2025 financial statements, discharged the board and CEO from liability, and decided to retain earnings rather than distribute a dividend, signaling a focus on st...
Dometic Sets April 23 Date to Present Q1 2026 Results
Apr 10, 2026
Dometic Group AB will publish its interim report for the first quarter of 2026 on April 23, with the results released early in the morning and followed by a conference call and webcast later the same day. Investors and analysts will be able to acc...
Dometic Names Per Carlsson Interim CFO Amid Managed Leadership Transition
Mar 26, 2026
Dometic has appointed experienced finance executive Per Carlsson as acting chief financial officer, effective April 7, 2026, succeeding outgoing CFO Stefan Fristedt and reporting directly to President and CEO Juan Vargues in Stockholm. The move en...
Dometic Publishes 2025 Annual and Sustainability Report
Mar 20, 2026
Dometic Group AB has released its Annual and Sustainability Report for 2025, making the document available to investors and stakeholders via its financial reports webpage. The publication fulfills the company’s regulatory disclosure obligati...
Dometic Calls 2026 AGM, Sets Terms for Shareholder Participation
Mar 12, 2026
Dometic Group AB has convened its 2026 annual shareholders’ meeting for April 14 in Stockholm, with shareholders able to attend physically or vote in advance by post or electronically. The company outlines detailed registration, proxy, and p...
Dometic Withdraws 2025 Dividend Proposal Amid Rising Economic Uncertainty
Mar 12, 2026
Dometic’s board has withdrawn its previously communicated dividend proposal for the 2025 financial year, citing increased geopolitical uncertainty and volatility that could weigh on consumer sentiment and demand for its products. The company...
Dometic Holds Margins as Q4 Sales Fall in Tough Market
Jan 28, 2026
Dometic reported a weak fourth quarter in 2025, with net sales down 15% to SEK 4,058 million, driven mainly by adverse currency effects and a modest 3% organic decline, while EBITA margin held at 6.0% and underlying profitability improved thanks t...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.