Dometic Group AB (publ) (DOM.ST) 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

+641.8%

SEK 167.36

vs SEK 22.56 price

Levered DCF

SEK 142.74

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

0.62

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	34.97×	-7.21×	21.61×	12.06×	21.36×	71.68×	21.05×	10.1×
P/B	0.72×	0.65×	1.11×	0.81×	1.64×	1.99×	1.61×	0.99×
P/S	0.71×	0.67×	1.04×	0.72×	1.71×	1.99×	1.51×	0.87×
EV / EBITDA	8.27×	11.83×	9.73×	8.15×	13.35×	14.78×	11.53×	8.14×
Gross margin	26.7%	27.7%	25.6%	26.4%	29.6%	32.7%	32.4%	32.6%
Operating margin	8.2%	-4.6%	10.3%	10.7%	13.3%	11.6%	12.6%	14.2%
Net margin	2.0%	-9.4%	4.8%	6.0%	8.0%	2.8%	7.2%	8.6%
Current ratio	1.4×	1.58×	2.33×	1.6×	2.53×	2.42×	2.83×	2.24×
Debt / equity	0.79×	0.69×	0.71×	0.75×	0.77×	0.88×	0.74×	0.72×
Interest coverage	1.63×	-1.12×	2.87×	5.21×	6.46×	4.02×	4.5×	5.88×
Dividend yield	2.8%	3.7%	1.4%	3.6%	1.8%	0.0%	2.3%	3.8%
Payout ratio	97.0%	-26.4%	31.2%	43.9%	39.4%	0.0%	48.0%	38.5%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	2.0%	-9.0%	5.1%	6.8%	7.7%	2.8%	7.6%	9.8%
Return on invested capital	2.1%	-2.4%	4.1%	4.6%	4.5%	1.9%	5.1%	6.2%
Return on assets	0.9%	-4.4%	2.4%	3.1%	3.3%	1.2%	3.6%	4.6%
Free cash flow yield	11.7%	21.0%	14.7%	5.9%	2.0%	5.6%	11.4%	14.5%
Earnings yield	2.9%	-13.9%	4.6%	8.3%	4.7%	1.4%	4.7%	9.9%
Enterprise value	SEK 26.6B	SEK 30B	SEK 42.9B	SEK 36.8B	SEK 49.6B	SEK 38.5B	SEK 36.5B	SEK 25.4B
Net debt / EBITDA	3.61×	5.28×	3.2×	3.39×	3.44×	2.41×	2.73×	3.04×
Cash conversion cycle (days)	107	122	122	147	133	93	92	116