Dormakaba DOKA.SW
SwitzerlandIndustrials · Building Products & EquipmentSIX Swiss Exchange · CHF
76.06 CHF (+20.2%)
8 analysts
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Dormakaba is a global Swiss provider of access and security solutions, including locks, access control systems, automatic doors, and related services, serving the commercial and institutional segments.
Listed on SIX Swiss Exchange · Symbol DOKA.SW · SWX: DOKA · Currency CHF
Key points
from its scores- ✓High-quality business7.9
- ✓Favourable backdrop7.6
- ✕Poor share-price trend3.1
- !Moderate growth5.3
- !Modest dividend5.9
AI analysis
bottom line, main risk, context and newsQuality and valuation are attractive, but the lack of revenue growth and negative momentum limit the potential for near-term re-rating.
Dormakaba shows solid financial health (Net Debt/EBITDA of 0.87) and exceptional profitability (ROE of 40.03%, ROIC of 44.57%), although its revenue growth is slightly negative (-1.30%) and its 12-month momentum is weak (-10.18%). Valuation is reasonable on a forward P/E (15.77) and EV/EBITDA (7.83) basis, suggesting a quality profile at an acceptable price.
The main risk is the persistence of negative revenue growth (-1.30%) in a rising rate environment, which could further compress margins if construction and renovation demand weakens.
Context and risks
Dormakaba operates in Switzerland, a jurisdiction with solid institutions and minority shareholder protection, and its lock and access systems business is not exposed to commodity cycles or conflict-affected shipping routes. The rise in long-term rates is a general market factor that does not materially alter its specific risk profile.
Is Dormakaba stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 19% below the Industrials median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 27.5 | 25.4 | +8% |
| EV / EBITDA | 7.8 | 14.5 | −46% |
| Price / book | 7.7 | 4.1 | +91% |
| Price / sales | 0.9 | 2.1 | −54% |
Sector: median of the 388 Industrials companies analysed. In bold, the multiples used for the comparison.
Valuation score: 6.3 out of 10 (median for Industrials: 5.0).
Average analyst target: 76.06 CHF, +20.2% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 6.8 (sector 6.4), Growth 5.3 (sector 6.6).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Industrials medianValuation
- P/E
- 27.5
- Forward P/E
- 15.8
- EV / EBITDA
- 7.8
- Price / book
- 7.7
- Price / sales
- 0.9
- PEG
- 3.56
- Market cap
- 2.6B CHF
- Enterprise value
- 3.2B CHF
Profitability
- ROE
- 40.0%
- ROA
- 9.7%
- ROIC (approx.)
- 44.6%
- Gross margin
- 41.4%
- Operating margin
- 13.4%
- Net margin
- 3.5%
- Free cash flow
- 147.9M CHF
- FCF yield
- 5.6%
- Cash conversion
- 37%
Solvency
- Total debt
- 502.0M CHF
- Net debt
- 351.8M CHF
- Cash
- 150.2M CHF
- EBITDA
- 404.6M CHF
- Net debt / EBITDA
- 0.87
- Debt / equity
- 95.78
- Current ratio
- 1.69
- Quick ratio
- 1.00
Growth
- Revenue growth
- −1.3%
- Earnings growth
- +18.6%
- EPS (TTM)
- 2.30 CHF
- EPS (forward)
- 4.01 CHF
Dividend
- Dividend yield
- 1.5%
- Payout
- 40.0%
Risk and market
- Beta
- 0.73
- Analyst consensus
- Buy (8)
- Target price
- 76.06 CHF
- 52-week range
- 47.15 – 72.20
Recent news
All DOKA.SW news →Compare it with its sector
All 388 in Industrials →Frequently asked questions about Dormakaba
Is Dormakaba stock cheap or expensive?
On P/E and EV / EBITDA, it trades 19% below the Industrials median on average. Valuation score: 6.3 out of 10 (median for Industrials: 5.0). Average analyst target: 76.06 CHF, +20.2% versus the price. This is not investment advice.
What score does Dormakaba get on MeridIAn Screener?
It scores 6.5 out of 10, rank 521 of 2,130 (better than 72% of the companies analysed). Its strongest category is Quality / Moat (7.9) and its weakest, Momentum (3.1). Analysis of 08/10/2026.
What is Dormakaba's P/E ratio?
Its P/E is 27.5: the share price equals 27.5 times earnings per share over the last 12 months. The Industrials median is 25.4. Based on the earnings analysts expect, the forward P/E is 15.8.
How much is Dormakaba worth on the stock market?
Its market capitalisation is 2.6B CHF and its enterprise value, debt included, is 3.2B CHF.
How much debt does Dormakaba have?
Its net debt (debt minus cash) is 351.8M CHF. That is 0.87 times its EBITDA; the Industrials median is 1.58.
Does Dormakaba pay a dividend?
Yes: its dividend yield is 1.50% and it pays out 40% of its earnings.
How has Dormakaba stock performed over the last year?
It has fallen 8.9% over the last year, excluding dividends. Over the last 52 weeks it has traded between 47.15 and 72.20 CHF. Past performance does not guarantee future results.
What do analysts think of Dormakaba?
8 analysts cover it; their average recommendation is “Buy” and their average target is 76.06 CHF (+20.2% versus the price). It is an estimate, not market data.