DOKA Stock Analysis: Dorma Kaba Holding | SW
Building Products & Equipment | SW, Switzerland | Market Cap: 2.674m CHF | 12M Return: -2.2% | CH1486524122 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 3.34M
Rev. Trend: -22.8%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
dormakaba Holding AG is a Switzerland-based provider of integrated access and security solutions, serving customers worldwide across airports, healthcare, hospitality, multihousing, office, residential, and utility sectors. Its product portfolio spans door hardware (closers, locks, panic hardware), interior glass systems, automatic entrance systems (sliding and revolving doors), mechanical key systems, electronic access and data solutions, lodging/hotel locking systems, and safe locks marketed under brands such as LA GARD, Mauer, Paxos, and Cencon. The company also offers broader solutions in access control, fire protection, mobile and touch-free access, and people flow management. Founded in 1862, dormakaba is headquartered in Rümlang, Switzerland.
The business operates a B2B model selling physical infrastructure and electronic security products to commercial, institutional, and residential customers, with revenue generated through product sales, installation, and aftermarket services such as maintenance and access management software. The company was formed through the 2015 merger of German firm Dorma and Swiss-based Kaba, combining mechanical door hardware heritage with electronic security capabilities-a structure that aligns with its classification under Electronic Equipment & Instruments within the Information Technology sector.
- Access Solutions segment drives margin expansion in commercial construction cycles
- Hospitality and lodging systems revenue benefits from global travel recovery
- Raw material and steel cost inflation pressures door hardware margins
- Airport and healthcare infrastructure projects boost entrance systems order backlog
| Net Income: 97.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.11 > 0.02 and ΔFCF/TA 1.64 > 1.0 |
| NWC/Revenue: 17.67% < 20% (prev 16.32%; Δ 1.35% < -1%) |
| CFO/TA 0.15 > 3% & CFO 289.7m > Net Income 97.0m |
| Net Debt (356.7m) to EBITDA (464.0m): 0.77 < 3 |
| Current Ratio: 1.69 > 1.5 & < 3 |
| Outstanding Shares: last quarter (42.1m) vs 12m ago 894.0% < -2% |
| Gross Margin: 41.38% > 18% (prev 40.95%; Δ 0.43% > 0.5%) |
| Asset Turnover: 134.0% > 50% (prev 132.0%; Δ 2.04% > 0%) |
| Interest Coverage Ratio: 9.03 > 6 (EBIT TTM 354.8m / Interest Expense TTM 39.3m) |
| A: 0.25 (Total Current Assets 1.21b - Total Current Liabilities 714.1m) / Total Assets 1.99b |
| B: -0.18 (Retained Earnings -356.3m / Total Assets 1.99b) |
| C: 0.17 (EBIT TTM 354.8m / Avg Total Assets 2.08b) |
| D: 0.23 (Book Value of Equity 340.2m / Total Liabilities 1.47b) |
| Altman-Z'' = 2.43 = A |
| DSRI: 1.20 (Receivables 550.1m/470.5m, Revenue 2.79b/2.87b) |
| GMI: 0.99 (GM 40.95% / 41.38%) |
| AQI: 1.34 (AQ_t 0.19 / AQ_t-1 0.14) |
| SGI: 0.97 (Revenue 2.79b / 2.87b) |
| TATA: -0.10 (NI 97.0m - CFO 289.7m) / TA 1.99b) |
| Beneish M = -2.70 (Cap -4..+1) = A |
As of October 19, 2026, the stock is trading at CHF 66.10 with a total of 50,852 shares traded. Over the past week, the price has changed by +2.32%, over one month by +6.96%, over three months by +18.04% and over the past year by -2.21%.
Current recommended Stop Loss: 63.80 (which is 3.5% or 1.3 ATR below the current price).
Dorma Kaba Holding has no consensus analysts rating.
P/E Trailing = 27.9565
P/E Forward = 11.4679
P/S = 0.9577
P/B = 7.6282
P/EG = 3.5606
Revenue TTM = 2.79b CHF
EBIT TTM = 354.8m CHF
EBITDA TTM = 464.0m CHF
Long Term Debt = 478.5m CHF (from longTermDebt, last quarter)
Short Term Debt = 23.5m CHF (from shortTermDebt, last quarter)
Debt = 505.8m CHF (from shortLongTermDebtTotal, last quarter) + Leases 3.80m
Net Debt = 356.7m CHF (calculated: Debt 505.8m - CCE 149.1m)
Enterprise Value = 3.03b CHF (2.67b + Debt 505.8m - CCE 149.1m)
Interest Coverage Ratio = 9.03 (Ebit TTM 354.8m / Interest Expense TTM 39.3m)
EV/FCF = 14.46x (Enterprise Value 3.03b / FCF TTM 209.6m)
FCF Yield = 6.92% (FCF TTM 209.6m / Enterprise Value 3.03b)
FCF Margin = 7.51% (FCF TTM 209.6m / Revenue TTM 2.79b)
Net Margin = 3.47% (Net Income TTM 97.0m / Revenue TTM 2.79b)
Gross Margin = 41.38% ((Revenue TTM 2.79b - Cost of Revenue TTM 1.64b) / Revenue TTM)
Gross Margin QoQ = 41.88% (prev 40.85%)
Tobins Q-Ratio = 1.52 (Enterprise Value 3.03b / Total Assets 1.99b)
Interest Expense / Debt = 7.77% (Interest Expense 39.3m / Debt 505.8m)
Taxrate = 25.74% (64.2m / 249.4m)
NOPAT = 263.5m (EBIT 354.8m * (1 - 25.74%))
Current Ratio = 1.69 (Total Current Assets 1.21b / Total Current Liabilities 714.1m)
Debt / Equity = 1.49 (Debt 505.8m / totalStockholderEquity, last quarter 340.2m)
Debt / EBITDA = 0.77 (Net Debt 356.7m / EBITDA 464.0m)
Debt / FCF = 1.70 (Net Debt 356.7m / FCF TTM 209.6m)
Total Stockholder Equity = 293.3m (last 4 quarters mean from totalStockholderEquity)
RoA = 4.66% (Net Income 97.0m / Total Assets 1.99b)
RoE = 33.07% (Net Income TTM 97.0m / Total Stockholder Equity 293.3m)
RoCE = 45.97% (EBIT 354.8m / Capital Employed (Equity 293.3m + L.T.Debt 478.5m))
RoIC = 22.67% (NOPAT 263.5m / Invested Capital 1.16b)
WACC = 7.96% (E(2.67b)/V(3.18b) * Re(8.38%) + D(505.8m)/V(3.18b) * Rd(7.77%) * (1-Tc(0.26)))
Discount Rate = 8.38% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 85.22 | Cagr: 178.0%
[DCF] Terminal Value 76.50% ; FCFF base≈203.0m ; Y1≈218.3m ; Y5≈265.1m
[DCF] Fair Price = 89.18 (EV 4.07b - Net Debt 356.7m = Equity 3.71b / Shares 41.6m; r=8.35% [WACC [floored]]; 5y FCF grow 8.54% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: N/A | # QB: 0
Revenue Correlation: -22.75 | Revenue CAGR: -0.31% | SUE: -0.01 | # QB: 0
EPS current Year (2026-06-30): EPS=3.81 | Chg30d=+4.96% | Revisions=-44% | GrowthEPS=+7.7% | GrowthRev=-2.3%
EPS next Year (2027-06-30): EPS=3.66 | Chg30d=-4.02% | Revisions=+0% | GrowthEPS=-2.3% | GrowthRev=+4.3%
[Analyst] Revisions Ratio: -36% (up=2, down=6)