Dometic Group AB (SE:DOM)
:DOM
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Dometic Group AB
(DOM)
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Rating:56Neutral
Price Target:
kr25.00
▼(-48.11% Downside)
Action:ReiteratedDate:03/13/26
The score is held back primarily by weak technicals (sharp downtrend despite oversold readings) and uneven financial performance driven by declining revenue and earnings volatility. Offsetting factors include resilient free cash flow and a constructive (but cautious) earnings outlook centered on restructuring savings, working-capital improvement, and targeted deleveraging; valuation is mixed with a high dividend yield but an elevated P/E.
Positive Factors
Free cash flow generation
The company remained free-cash-flow positive (including SEK ~1.75bn in 2025), providing durable internal liquidity. Sustainable FCF supports restructuring cash-outs, planned bond repayment and working-capital programs, reducing refinancing risk and enabling reinvestment over the next 2–6 months.
Negative Factors
Multi-year revenue decline
A persistent revenue decline and volatile earnings reduce scale benefits and margin resilience. The inconsistent profitability weakens the equity cushion (equity fell in 2025), constrains capital allocation and makes sustainable margin recovery dependent on market demand improvement rather than just cost measures.
Read all positive and negative factors
Positive Factors
Negative Factors
Free cash flow generation
The company remained free-cash-flow positive (including SEK ~1.75bn in 2025), providing durable internal liquidity. Sustainable FCF supports restructuring cash-outs, planned bond repayment and working-capital programs, reducing refinancing risk and enabling reinvestment over the next 2–6 months.
Read all positive factors
Dometic Group AB (DOM) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr7.92B
Dividend Yield2.85%
Average Volume (3M)536.15K
Price to Earnings (P/E)35.0
Beta (1Y)1.36
Revenue Growth-13.49%
EPS Growth60.49%
CountrySE
Employees7,349
SectorConsumer Cyclical
Sector Strength84
IndustryLeisure
Share Statistics
EPS (TTM)-0.67
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)3.61
Revenue Forecast (FY)kr20.44B
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:Apr 23, 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
56
Neutral
Balance Sheet
63
Positive
Cash Flow
68
Positive
| 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 | 16.49B | 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
Negative
48.18
Price Trends
37.21
Negative
40.96
Negative
44.58
Negative
Market Momentum
-3.77
Positive
25.30
Positive
35.93
Neutral
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 29.94, above the 50-day MA of 37.21, and above the 200-day MA of 44.58, indicating a bearish trend. The MACD of -3.77 indicates Positive momentum. The RSI at 25.30 is Positive, neither overbought nor oversold. The STOCH value of 35.93 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | kr20.41B | 23.21 | 14.62% | 3.54% | 8.93% | -12.56% | |
56 Neutral | kr7.92B | 34.98 | ― | 2.85% | -13.49% | 60.49% | |
54 Neutral | kr5.88B | -24.11 | 2.04% | 6.24% | -2.98% | -30.48% | |
53 Neutral | kr17.72B | 33.57 | 21.87% | 5.28% | 1.45% | 34.85% | |
52 Neutral | kr12.15B | 12.42 | 12.33% | 3.12% | 2.80% | -8.84% | |
47 Neutral | kr16.36B | 9.26 | 6.30% | ― | 0.24% | ― |
* Consumer Cyclical Sector Average
SE:DOM
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Dometic Group AB Corporate Events
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.