Obermatt

dormakaba

SWX:DOKA · CH1486524122
Building ProductsLarge

360

62
EV / EBIT97
Price / Owner Earnings39
Owner Earnings Yield45
Dividend Yield79
Price/Sales80
EV / Gross Profit88
Price/Book12
Return on Capital98
Cash Return on Capital65
Return on Equity100
EBIT Margin50
Gross Profitability95
Cash Conversion82
Accruals43
Owner Earnings Margin33
Sales growth19
Profit Growth80
Long-Term EPS Growth1
Owner Earnings Growth34
Reinvestment33
Price momentum20
Debt load18
Refinancing88
Debt Payback29
Liquidity57
Analyst ratings50
Opinion Changes74
Price Target Upside88
Market mood42
Value Creation12/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

dormakaba clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountrySwitzerland
IndustryBuilding Products
SizeLarge
TypePublic Company
ExchangeSWX
Employees3,206
ISINCH1486524122
Last UpdateApr 2, 2026
Themes
Identity and Access ManagementPhysical SecuritySmart BuildingAuthorization and Access ControlElectronicsSecuritySoftware

Description

Analysis

Quality compounder

dormakaba Holding AG is a quality compounder: a well-run business trading at a price that reflects what it is worth. One caution: reported profits have recently run ahead of actual cash, which we track closely.

The price is fair. You pay 24.3× its owner earnings: the cash an owner could take out each year, which is in the historically fair zone. At today's price, the market is assuming roughly 9% yearly growth; analysts expect -5%. The market is pricing in far more than analysts expect: heroic expectations.

The trajectory is tepid and the balance sheet is adequate. The company scores 12/20 on our value-creation score: creating some value.

What to watch: The financial cushion is thinner than comfortable. Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
61
202320242026

All-time high

61

Jun 2026

All-time low

7

Jan 2023

Average rank

36

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
80
68
75
Price/Earnings
46
38
59
Price/Book
12
14
19
Dividend Yield
79
73
76
Value (overall)
59
52
68

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →