Dometic Group AB (publ) (DTCGF)
SubavaliadaFundamental
69
Preço
$20.64
Capitalização de Mercado
$6.60B
Parte 1 · Quanto vale a empresa
Visão Geral
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.
Como gera receita
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.
Vantagem competitiva
Marca · EstreitaDometic'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.
O que impulsiona a procura
CíclicoRVs, 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.
Os argumentos a favor
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.
Os argumentos contra
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 de agosto de 2026
Direct competitors
Who this company fights with for the same customers
Generated on 18 de setembro de 2026 with claude-haiku-4-5 — shared with all users
In the outdoor segment Dometic builds around Igloo, and YETI names Igloo among its direct rivals: both fight for the same buyer of portable coolers, ice boxes and drinkware in North American retail.
Thetford sells the same RV and marine categories as Dometic — sanitation systems, absorption refrigerators and cooking appliances — to the same vehicle manufacturers and the same aftermarket dealers in Europe and North America.
Truma, family-owned in Germany, competes head-on with Dometic on climate and comfort for caravans and motorhomes: heaters, roof air conditioners, water heaters and gas systems fitted by European RV manufacturers.
Airxcel is the main alternative to Dometic for North American RV air conditioning, heating and appliances, bidding for the same OEM fitments on towables and motorhomes.
Lippert supplies RV and boat builders with awnings, air conditioners, water heaters and electronics — the same shelf of components Dometic sells to the same customers, plus the same aftermarket channel.
Webasto sells parking heaters and roof air conditioning for camper vans, trucks and specialty vehicles, the same cab- and cabin-climate business Dometic serves outside pure leisure RVs.
Balanço & Liquidez
Receita
$20.15B
Últimos 12 meses até o último trimestre divulgado — estimativa a partir de métricas por ação
Resultado Líquido
$310M
Últimos 12 meses até o último trimestre divulgado — estimativa a partir de métricas por ação
Fluxo de Caixa Livre
$1.66B
Capital Próprio Total
$22.96B
Passivo Total
$14.62B
Rácio de Liquidez
1.65
Cobertura de Juros
-
Dívida/EBITDA
5.91
Resultados Por Ação
Receita & Resultado Líquido
Fluxo de Caixa Livre
Decomposição dos Resultados
Demonstração histórica
Margens ao longo do tempo
A dívida ao longo do tempo
Quanto pesa a dívida
Grelha do crescimento
Crescimento — Receitas
Estimativa de Valor Justo
Valor Justo
$31.63
Preço Atual
$20.64
Margem de Segurança
+34.7%
Intervalo de Valor Justo
$20.56 - $42.70
Dispersão entre os métodos de avaliação utilizados, não um intervalo de confiança calibrado estatisticamente.
Métodos de Estimativa
Métricas de Avaliação
Rácio P/E
21.09
ROE
1.4%
Rácio P/B
0.28
P/FCF
3.97
Margem Bruta
29.5%
ROIC
4.3%
Radar de Rentabilidade
Criação de Valor (Vantagem Competitiva)
ROIC
4.3%
WACC
3.8%
ROIC − WACC
+0.5 pp
O ROIC está próximo do custo do capital — a empresa cobre apenas o custo do capital.
Critérios de Análise Fundamental
Aprovado (13)
- P/FCF 3.97
- P/B Ratio 0.28
- 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%
Reprovado (7)
- Price CAGR -10.98%
- ROIC 4.3%
- Gross Margin 29.5%
- CapEx intensity
- ROE 1.4%
- Earnings Surprise avg -64.2%
- Piotroski F-Score 2/9
Indisponível (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
Preocupações financeiras graves
Qualidade dos Resultados
Alta qualidade: resultados respaldados por caixa
Diluição de Ações
A recomprar ações. Favorável ao acionista
Participações institucionais
Não há declarações institucionais para esta empresa.
Governação
Equipa Executiva
| Nome | Cargo | Idade |
|---|---|---|
| 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 |
| Mr. Goran Popovski | President of Segment Land Vehicles | 51 |
Risco de Auditoria
8
Risco do Conselho
5
Risco de Remuneração
9
Risco dos Direitos dos Acionistas
1
Parte 2 · O preço e o momento de entrar
Esta parte não serve para saber se a empresa vale: serve para escolher quando comprá-la, depois que os fundamentos te convenceram. Dentro: análise técnica, potencial, quedas históricas, exposição gama.
Latest News
Recent headlines for DTCGF, sourced from Markets Gazette.