Dometic Group AB (publ) (DTCGF)
NEUTRALFundamental
64
Kurs
$22.80
Marktkapitalisierung
$7.39B
Teil 1 · Was das Unternehmen wert ist
Übersicht
Dometic makes the equipment that lets people cook, cool, power and stay comfortable away from a fixed home: refrigerators, air conditioners, awnings and power systems for recreational vehicles, plus similar climate and power equipment for boats under its Marine brands. It sells both to vehicle and boat manufacturers who fit the equipment during production, and through dealers to owners upgrading or replacing gear after purchase.
Wie das Geld verdient wird
Revenue comes from selling hardware either to original equipment manufacturers, who install it before a vehicle or boat is sold, or through the aftermarket, where dealers and owners buy replacement or upgrade parts. Demand for both channels tracks how many new RVs, caravans and boats are being built and how much people are spending on outdoor recreation, which makes the business sensitive to consumer discretionary spending and to interest rates that affect big-ticket purchases.
Wettbewerbsvorteil
Marke · SchmalDometic's names are well established with RV and marine manufacturers who specify its equipment as original fittings, which gives it a durable relationship advantage in a niche market. The advantage is narrow because the underlying products — refrigerators, air conditioners, awnings — are not difficult for competitors to replicate, and OEM customers can and do switch suppliers when price or quality shifts.
Was die Nachfrage antreibt
ZyklischRVs, caravans and boats are large discretionary purchases that buyers postpone when consumer confidence weakens or credit gets more expensive, which flows directly through to Dometic's OEM orders. The company itself described 2025 as a year of tough market conditions and declining demand in the outdoor recreation industry, with only tentative signs of stabilisation by year-end.
Die Argumente dafür
Buyers argue that the 2025 sales decline eased through the year, order intake improved and channel inventories began normalising, suggesting the worst of the outdoor-recreation downturn is behind the company as tariff-related cost headwinds also fade.
Die Argumente dagegen
Sellers fear that a business this tied to discretionary RV and marine purchases remains exposed to consumer confidence and to whatever tariff or trade policy comes next, and that a genuine recovery in OEM demand may take longer than early signs of stabilisation suggest.
Written by the editors, published on 18. August 2026
Direct competitors
Who this company fights with for the same customers
No editorial profile for this company yet
No competitor list for this company yet.
Bilanz & Liquidität
Umsatz
$20.15B
Letzte 12 Monate bis zum zuletzt gemeldeten Quartal — Schätzung aus Kennzahlen je Aktie
Nettogewinn
$310M
Letzte 12 Monate bis zum zuletzt gemeldeten Quartal — Schätzung aus Kennzahlen je Aktie
Freier Cashflow
$1.66B
Gesamtes Eigenkapital
$22.96B
Gesamtverbindlichkeiten
$14.62B
Current Ratio
1.65
Zinsdeckungsgrad
-
Schulden/EBITDA
5.91
Gewinn je Aktie
Umsatz & Nettogewinn
Freier Cashflow
Ertragsaufschlüsselung
Historische Aufstellung
Margen im Zeitverlauf
Verschuldung im Zeitverlauf
Wie schwer die Schulden wiegen
Wachstumsraster
Wachstum — Umsatz
Innerer-Wert-Schätzung
Innerer Wert
$30.25
Aktueller Kurs
$22.80
Sicherheitsmarge
+24.6%
Innerer-Wert-Spanne
$19.67 - $40.84
Bewertungsmethoden
Bewertungskennzahlen
P/E-Verhältnis
23.60
ROE
1.4%
P/B-Verhältnis
0.32
P/FCF
4.45
Bruttomarge
29.5%
ROIC
4.3%
Rentabilitäts-Radar
Value Creation (Economic Moat)
ROIC
4.3%
WACC
4.4%
ROIC − WACC
-0.1 pp
ROIC is roughly in line with the cost of capital — the company is barely covering its capital cost.
Fundamentalanalyse-Kriterien
Bestanden (13)
- P/FCF 4.45
- P/B Ratio 0.32
- Debt/Equity ratio
- Operating Margin 7.1%
- Positive Free Cash Flow
- Current Ratio
- Debt/EBITDA
- Price below Graham Number
- DCF valuation (Undervalued)
- Revenue Growth 5Y 5.4%
- Analyst Consensus 82% Buy
- Earnings Quality (OCF/NI) 5.59
- Net Margin Trend 2.0% vs -9.4%
Nicht bestanden (7)
- Price CAGR -10.05%
- ROIC 4.3%
- Gross Margin 29.5%
- CapEx intensity
- ROE 1.4%
- Earnings Surprise avg -64.2%
- Piotroski F-Score 2/9
Nicht verfügbar (7)
- EPS data insufficient
- Dividend Payout NaN%
- Interest Coverage
- Return on Tangible Assets
- Low reliance on intangibles
- PEG Ratio (need PE > 0 and growth > 0)
- Share Dilution (missing shares data)
Piotroski F-Score
Ernsthafte finanzielle Bedenken
Gewinnqualität
Hohe Qualität: Gewinne durch Cashflow gedeckt
Aktienverwässerung
Aktienrückkäufe. Aktionärsfreundlich
Unternehmensführung
Führungsteam
| Name | Position | Alter |
|---|---|---|
| Mr. Juan Vargues | President & CEO | 66 |
| Mr. Per Carlsson | Acting Chief Financial Officer | 61 |
| Mr. Anton Lundqvist | Chief Technology Officer | 55 |
| Mr. Tobias Norrby | Head of Investor Relations | - |
| Ms. Anna Smieszek Ph.D. | Executive VP & Group General Counsel | 61 |
| Mr. Peter Jannero | Chief Marketing Officer | 56 |
| Ms. Jenny Evelius | Executive VP & Head of Group HR | 56 |
| Ms. Chialing Hsueh | President of Global Ventures | 62 |
| Mr. Eric B. Fetchko | President of Segment Marine | 63 |
Prüfungsrisiko
8
Vorstandsrisiko
5
Vergütungsrisiko
9
Aktionärsrechterisiko
1
Teil 2 · Der Preis und der Einstiegszeitpunkt
Dieser Teil sagt nicht, ob das Unternehmen etwas taugt: Er hilft bei der Wahl des Kaufzeitpunkts, nachdem die Fundamentaldaten überzeugt haben. Enthalten: technische Analyse, Potenzial, historische Drawdowns, Gamma-Exposure.
Latest News
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