Dometic Group AB (DOM) AI Stock Analysis

• Market Cap: kr12.06B
• Dividend Yield: 2.85%
• Average Volume (3M): 536.15K
• Price to Earnings (P/E): 28.2
• Beta (1Y): 1.29
• Revenue Growth: -13.49%
• EPS Growth: 60.49%
• Country: SE
• Employees: 7,349
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Leisure
• EPS (TTM): -0.67
• Shares Outstanding: 319,500,000
• 10 Day Avg. Volume: 409,193
• 30 Day Avg. Volume: 536,151
• PEG Ratio: -0.29
• Price to Book (P/B): 0.72
• Price to Sales (P/S): 0.71
• P/FCF Ratio: 8.56
• 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: kr55.00
• Price Target Upside: 14.16% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): 3.68
• Revenue Forecast (FY): kr20.47B

• Rating: 55 Neutral
• Price Target: kr40.00 ▼(-16.98% Downside)
• Action: Reiterated Date: 01/30/26
• Date: Action: Reiterated 01/30/26

The score reflects mixed financial quality (solid free cash flow and manageable leverage, but declining revenue and volatile earnings) and weak technicals (price below all major moving averages with bearish momentum). Valuation is only modestly supportive due to a relatively high P/E despite a mid-level dividend yield, while the latest earnings call points to a gradual 2026 recovery tempered by FX/tariff risks and still-soft demand.

Positive Factors

Diversified product portfolio and OEM/distributor channels

Dometic's broad product set across RV, marine and vehicle segments and entrenched OEM and distributor relationships create durable revenue channels. This diversification reduces reliance on any single market, supports cross-selling and aids resilience through business cycles over the next 2–6 months.

Consistent free cash flow generation

Sustained positive free cash flow even in a weak earnings year demonstrates strong cash conversion and operational cash resilience. This provides the company flexibility to fund restructuring, repay debt, support working-capital programs and maintain strategic investments without immediate external financing.

Restructuring and working-capital progress

Management has delivered meaningful cost and inventory actions—site closures, headcount reductions and inventory cut to SEK4.8bn—improving margins and cash flow. These structural efficiency gains should persist into 2026, supporting margin sustainability and deleveraging objectives.

Negative Factors

Multi-year revenue decline and earnings volatility

A persistent revenue downtrend and uneven profitability reduce operating leverage and pricing power. Shrinking top line constrains the ability to absorb fixed costs, increases break-even risk and makes a durable recovery dependent on sustained demand improvement, not just one-time fixes.

Weakened equity base and elevated leverage

Declining equity reduces the balance-sheet cushion versus cyclical shocks, and higher net leverage (3.3x reported) leaves less flexibility for capex or M&A. While manageable for now, a smaller equity base heightens risk if demand or margins deteriorate further.

Material FX, tariff and labor exposures

Significant currency sensitivity and tariff/labor cost pressures are structural risks for an international manufacturer. Volatile FX and trade policy can materially swing margins and cash flow; pricing mitigates some impact but risks depressing volumes and creates ongoing earnings unpredictability.

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 United Kingdom, France, Italy, Sweden, the Netherlands, Canada, and internationally. The company offers climate control products, such as air conditioners, awnings, blinds, windows and doors, ventilation products, heaters, furnaces, and patio rooms and tents; food and beverage products, including refrigerators, cool boxes, cooking products, and accessories; and safety and security products comprising carbon monoxide detectors, security locks, safety handrails, safes, alarm systems, and gas detectors, as well as driving support accessories. It also provides power and control solutions, which include energy and lighting, marine control, and marine steering systems products, and control devices, as well as related accessories; and hygiene and sanitation products, such as toilets, pumps, hoses, bio-degradable cleaners, and smart electronic controls, as well as related accessories. In addition, the company offers vessel controls, and fuel and system integration systems to the leisure marine industry; and marine blinds, screens, and soft furnishings for the leisure marine and yacht segments. Dometic Group AB (publ) provides its products for use in recreational vehicles, pleasure boats, workboats, trucks, cars, and others. The company was founded in 1922 and is headquartered in Solna, Sweden.

How the Company Makes Money

Dometic Group AB generates revenue primarily through the sale of its extensive range of products and solutions for mobile living. The company's key revenue streams include the sale of climate control products, such as air conditioners and heating systems, as well as refrigeration and cooking appliances for RVs and marine applications. Additionally, Dometic earns income from providing sanitation solutions and accessories for outdoor living. The company's strong market presence is bolstered by strategic partnerships with original equipment manufacturers (OEMs) and distributors, which enhances its distribution channels and product visibility. Factors such as an increasing trend in outdoor recreational activities and a growing global interest in mobile living solutions significantly contribute to Dometic's earnings, alongside ongoing innovation in product development that meets evolving consumer demands.

Dometic Group AB Financial Statement Overview

Summary

Mixed fundamentals: multi-year revenue decline and volatile profitability (large loss in 2024, small profit in 2025) weigh on the score. Offsetting this, leverage is described as manageable and free cash flow remained positive (1.75B in 2025), though both equity and cash flow have stepped down from prior peaks.

Income Statement

Revenue has been declining for several years (down again in 2025 and 2024), and profitability has been volatile. After solid profits in 2021–2023, 2024 swung to a large loss, while 2025 returned to a small profit but with low earnings power (net income of 428M on 21.0B revenue). A positive is that operating profit (EBIT) rebounded in 2025 versus the 2024 loss, but the overall trajectory shows weakening scale and inconsistent bottom-line performance.

Balance Sheet

Leverage looks manageable for an industrial/leisure products business: debt-to-equity was ~0.69–0.71 in 2023–2024, and equity remains substantial (20.9B in 2025). However, the balance sheet has weakened at the margin, with equity down from 25.5B (2024) to 20.9B (2025) and assets also lower, which reduces cushion if operating conditions soften. Overall solvency appears acceptable, but the declining equity base is a key watch item.

Cash Flow

Cash generation is a relative strength: the company remained free-cash-flow positive across the period, including 2025 (1.75B) despite weaker earnings. That said, cash flow has cooled meaningfully from 2023–2024 levels (free cash flow down ~34% in 2025 and down ~17% in 2024), signaling pressure on underlying operating momentum and/or working-capital/timing benefits reversing. Still, the ability to produce solid cash in a difficult profit year supports the score.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	21.04B	24.62B	27.77B	29.76B	21.52B
Gross Profit	5.61B	6.82B	7.10B	7.88B	6.36B
EBITDA	3.22B	2.54B	4.41B	4.53B	3.72B
Net Income	428.00M	-2.30B	1.33B	1.78B	1.73B
Balance Sheet
Total Assets	45.81B	52.82B	54.12B	57.45B	52.03B
Cash, Cash Equivalents and Short-Term Investments	4.86B	4.21B	4.35B	4.40B	4.41B
Total Debt	17.90B	17.62B	18.44B	19.73B	17.21B
Total Liabilities	24.88B	27.36B	28.13B	31.04B	29.58B
Stockholders Equity	20.93B	25.46B	25.99B	26.41B	22.45B
Cash Flow
Free Cash Flow	1.75B	3.49B	4.23B	1.28B	740.00M
Operating Cash Flow	2.11B	3.87B	4.85B	1.87B	1.15B
Investing Cash Flow	-331.00M	-519.00M	-1.17B	-1.43B	-8.76B
Financing Cash Flow	-369.00M	-3.54B	-3.69B	-570.00M	4.03B

Dometic Group AB Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 48.18
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 39.70, above the 50-day MA of 43.91, and above the 200-day MA of 45.43, indicating a bearish trend. The MACD of -1.42 indicates Positive momentum. The RSI at 33.28 is Neutral, neither overbought nor oversold. The STOCH value of 11.50 is Positive, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
THULE	60 Neutral	kr25.28B	22.68	14.62%	3.54%	8.93%	-12.56%
DOM	55 Neutral	kr12.06B	28.19	―	2.85%	-13.49%	60.49%
FOI.B	54 Neutral	kr6.30B	116.83	2.04%	6.24%	-2.98%	-30.48%
SHOT	53 Neutral	kr18.37B	29.46	21.87%	5.28%	1.45%	34.85%
NEWA.B	52 Neutral	kr13.67B	17.45	12.33%	3.12%	2.80%	-8.84%
ELUX.B	47 Neutral	kr20.65B	23.53	6.30%	―	0.24%	―

Dometic Group AB Corporate Events

Dometic Holds Margins as Q4 Sales Fall in Tough Market

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 to restructuring‑driven efficiency gains and a stronger gross margin. Despite lower quarterly cash flow, higher leverage and a net loss for the period, management highlighted resilient full‑year margins, solid annual free cash flow used to reduce net debt, early signs of demand stabilization across channels, and a proposed reduced dividend of SEK 1.00 per share paid in two installments, as the company pushes ahead with cost cuts, new product launches and its global restructuring program to strengthen its position in the mobile living market.

The most recent analyst rating on (SE:DOM) stock is a Hold with a SEK48.00 price target. To see the full list of analyst forecasts on Dometic Group AB stock, see the SE:DOM Stock Forecast page.

Dometic Sets 2026 Financial Reporting Calendar and AGM Date

Dometic Group AB has published its 2026 financial reporting calendar, setting out dates for its year-end 2025 report on January 28 and interim reports for the first, second and third quarters of 2026 on April 23, July 14 and October 22, respectively, while scheduling its Annual General Meeting in Stockholm for April 14. The timetable gives investors and other stakeholders clear visibility on upcoming disclosures and corporate governance events, supporting planning around the company’s financial communications in the year ahead.

The most recent analyst rating on (SE:DOM) stock is a Hold with a SEK41.00 price target. To see the full list of analyst forecasts on Dometic Group AB stock, see the SE:DOM Stock Forecast page.

Dometic Group AB Announces CFO Departure

Dometic Group AB announced the departure of its Chief Financial Officer, Stefan Fristedt, who will leave for another position outside the company by the end of April 2026. Fristedt played a key role in strategic initiatives and the company’s growth, and the search for his successor has begun, indicating a significant transition phase for Dometic.

The most recent analyst rating on (SE:DOM) stock is a Hold with a SEK49.00 price target. To see the full list of analyst forecasts on Dometic Group AB stock, see the SE:DOM Stock Forecast page.