Global Dominion Access, S.A. (DOM.MC) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+214.0%

€7.88

vs €2.51 price

Levered DCF

€1.20

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

0.95

Distress zone

Rating

B-

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	48.6×	13.33×	11.2×	17.95×	18×	50.2×	19.21×	26.88×
P/B	1.93×	1.41×	1.67×	1.9×	2.22×	2.05×	1.8×	2.35×
P/S	0.48×	0.36×	0.42×	0.45×	0.68×	0.61×	0.54×	0.67×
EV / EBITDA	5.18×	3.78×	4.26×	6.49×	6.16×	7.18×	5.28×	8.2×
Gross margin	17.4%	27.4%	8.4%	25.3%	23.0%	21.4%	23.0%	23.9%
Operating margin	6.8%	7.3%	7.2%	6.5%	6.2%	3.1%	4.9%	4.5%
Net margin	1.0%	2.7%	3.7%	2.5%	3.8%	1.2%	2.9%	2.5%
Current ratio	0.82×	0.89×	0.85×	0.82×	0.99×	1.04×	0.97×	1.03×
Debt / equity	1.75×	1.53×	1.34×	1.35×	0.59×	0.79×	0.25×	0.37×
Interest coverage	1.7×	1.6×	1.79×	10.2×	4.02×	2.11×	4.45×	4.79×
Dividend yield	3.0%	3.9%	2.9%	2.4%	0.5%	2.0%	0.1%	0.0%
Payout ratio	146.9%	51.5%	33.3%	43.6%	9.4%	101.0%	1.8%	0.5%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	4.0%	10.6%	14.7%	10.6%	12.5%	4.1%	9.6%	8.8%
Return on invested capital	7.1%	8.5%	9.0%	7.4%	8.5%	3.1%	9.5%	8.2%
Return on assets	0.6%	1.8%	2.4%	1.8%	3.1%	1.0%	2.9%	2.5%
Free cash flow yield	10.0%	1.8%	5.0%	10.2%	8.6%	7.4%	7.9%	6.3%
Earnings yield	2.1%	7.5%	8.8%	5.6%	5.6%	2.0%	5.3%	3.7%
Enterprise value	€753.3M	€635.4M	€686.2M	€773.1M	€694.5M	€632.8M	€560.8M	€636.8M
Net debt / EBITDA	1.77×	1.3×	1.13×	1.8×	-0.47×	0.04×	-0.54×	-1.17×
Cash conversion cycle (days)	-47	-79	-43	-63	-76	-56	-60	-65