Dometic Group AB (publ) (DTCGF)
NEUTRALFondamental
64
Prix
$22.80
Capitalisation boursière
$7.39B
Partie 1 · Ce que vaut l'entreprise
Vue d'ensemble
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.
Comment l'entreprise gagne de l'argent
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.
Avantage concurrentiel
Marque · ÉtroitDometic'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.
Ce qui stimule la demande
CycliqueRVs, 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.
Les arguments en faveur
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.
Les arguments contre
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 août 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.
Bilan & Liquidités
Chiffre d'affaires
$20.15B
12 derniers mois jusqu'au dernier trimestre publié — estimation à partir de ratios par action
Résultat net
$310M
12 derniers mois jusqu'au dernier trimestre publié — estimation à partir de ratios par action
Flux de trésorerie libre
$1.66B
Capitaux propres totaux
$22.96B
Passif total
$14.62B
Ratio de liquidité général
1.65
Couverture des intérêts
-
Dette/EBITDA
5.91
Bénéfice par action
Chiffre d'affaires & Résultat net
Flux de trésorerie libre
Décomposition du résultat
État historique
Marges dans le temps
La dette dans le temps
Le poids de la dette
Grille de la croissance
Croissance — Chiffre d'affaires
Estimation de la juste valeur
Juste valeur
$30.25
Prix actuel
$22.80
Marge de sécurité
+24.6%
Fourchette de juste valeur
$19.67 - $40.84
Méthodes d'estimation
Indicateurs de valorisation
Ratio P/E
23.60
ROE
1.4%
Ratio P/B
0.32
P/FCF
4.45
Marge brute
29.5%
ROIC
4.3%
Radar de rentabilité
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.
Critères d'analyse fondamentale
Réussi (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%
Échoué (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
Indisponible (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)
Score F de Piotroski
Préoccupations financières sérieuses
Qualité des bénéfices
Qualité élevée : bénéfices soutenus par la trésorerie
Dilution du capital
Rachat d'actions. Favorable aux actionnaires
Gouvernance
Équipe dirigeante
| Nom | Titre | Âge |
|---|---|---|
| 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 |
Risque d'audit
8
Risque du conseil
5
Risque de rémunération
9
Risque droits des actionnaires
1
Partie 2 · Le prix et le moment d'entrer
Cette partie ne dit pas si l'entreprise vaut la peine : elle aide à choisir quand l'acheter, une fois que les fondamentaux vous ont convaincu. À l'intérieur : analyse technique, potentiel, baisses historiques, exposition gamma.
Latest News
Recent headlines for DTCGF, sourced from Markets Gazette.