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Global Dominion Access SA
(BME:DOM)
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Rating:46Neutral
Price Target:
€2.50
▼(-8.09% Downside)
Action:Reiterated
Date:09/06/26
The score is held down primarily by weakening profitability and a more leveraged balance sheet, despite a notable rebound in operating and free cash flow. Technicals also point to a weak downtrend (price below key moving averages and negative MACD), and valuation is stretched with a high P/E versus a modest dividend yield.
Positive Factors
Rebounding Cash Generation
The sharp recovery in operating and free cash flow improves the company’s ability to fund operations and investment internally. If maintained, stronger cash generation can support debt servicing and provide greater resilience despite the weaker reported earnings profile.
Negative Factors
Declining Revenue
Consecutive annual revenue declines point to weakening business momentum rather than a single isolated fluctuation. A smaller top line can reduce operating leverage, constrain investment capacity, and make it harder to absorb fixed costs while rebuilding growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Rebounding Cash Generation
The sharp recovery in operating and free cash flow improves the company’s ability to fund operations and investment internally. If maintained, stronger cash generation can support debt servicing and provide greater resilience despite the weaker reported earnings profile.
Read all positive factors
Global Dominion Access SA (DOM) vs. iShares MSCI Spain ETF (EWP)
Market Cap
€405.70M
Dividend Yield1.95%
Average Volume (3M)220.28K
Price to Earnings (P/E)38.5
Beta (1Y)0.67
Revenue Growth-10.49%
EPS Growth-38.69%
CountryES
Employees11,403
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)0.07
Shares Outstanding151,140,010
10 Day Avg. Volume214,738
30 Day Avg. Volume220,278
Financial Highlights & Ratios
PEG Ratio-0.72
Price to Book (P/B)1.93
Price to Sales (P/S)0.48
P/FCF Ratio10.03
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.18
Revenue Forecast (FY)€1.09B
Global Dominion Access SA Business Overview & Revenue Model
Company Description
Established in Bilbao, Spain, in 1999, Global Dominion Access, S.A. provides a broad spectrum of multi-technical and specialized engineering services, operating both within Spain and internationally. The company's primary focus involves the operat...
Global Dominion Access SA Earnings Call Summary
Earnings Call Date:Feb 27, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Oct 28, 2026
Earnings Call Sentiment Positive
The call highlighted strong operational and financial progress: record EBITDA margin, deleveraging (net debt down 25% y/y and leverage ~0.9x), solid organic growth in recurring businesses, improved operating cash flow, and active strategic M&A/greenfield activity. Headwinds include a material one‑off EUR 18.5M FX/asset correction that reduced reported net profit, a temporary slowdown in project execution (GDT Projects down 14%), notable working capital absorption (EUR 250M), and some FX-driven revenue pressures. On balance, the company demonstrated improved profitability, reduced leverage and a clearer strategic focus while acknowledging short-term execution and FX challenges.Positive Updates
Record-high EBITDA margin
EBITDA margin reached a historic maximum of 13.7% of sales, reflecting improved profitability after simplification and divestment of low-margin activities.
Negative Updates
One-off negative FX and asset correction
Extraordinary correction of EUR 18.5M due to strong depreciation of the US dollar affecting assets in the Dominican Republic reduced reported net profit; reported attributable net profit was EUR 10.2M including this one-off.
Read all updates
Q4-2025 Updates
Positive
Negative
Record-high EBITDA margin
EBITDA margin reached a historic maximum of 13.7% of sales, reflecting improved profitability after simplification and divestment of low-margin activities.
Read all positive updates
Company Guidance
Management guided 2026 to grow above 5% and will publish a new strategic plan in H2 (post‑summer/Capital Markets Day); they expect continued margin improvement and lower finance costs as rates normalize. As context, FY‑2025 metrics cited were: group revenue €1,045m, organic sales growth 4% (GDE +5.9%, GDT Services +5.8%, GDT Projects -14% to €113m), pipeline €413m (>2 years of execution), record EBITDA margin 13.7% and leverage ~0.9x, net financial debt €136.6–€137m (‑25% vs Dec‑2024, ‑34% vs Jun‑2025), operating cash flow €71.7m (+5.4% y/y), maintenance CapEx €20.1m and expansion CapEx €37m, working capital investment €250m, attributable net profit €10.2m (after an €18.5m one‑off; adjusted €28.7m, +10% vs 2024), proceeds from the Dominican Republic divestment €70.3m, reduction in financial expenses of ~8% (≈€2.5m), and a proposed 2026 dividend of €8m (~50% of continued net profit) with share buybacks to be evaluated under the new plan.Global Dominion Access SA Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
38
Negative
Cash Flow
64
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.00B | 1.05B | 1.15B | 1.19B | 1.23B | 1.10B |
| Gross Profit | 78.52M | 181.65M | 315.58M | 100.47M | 310.54M | 253.48M |
| EBITDA | 152.63M | 145.51M | 168.15M | 161.00M | 119.19M | 111.39M |
| Net Income | 12.23M | 10.21M | 31.19M | 44.32M | 31.02M | 42.22M |
Balance Sheet | ||||||
| Total Assets | 1.73B | 1.63B | 1.75B | 1.84B | 1.74B | 1.36B |
| Cash, Cash Equivalents and Short-Term Investments | 230.34M | 263.16M | 271.18M | 292.32M | 235.42M | 270.13M |
| Total Debt | 458.96M | 449.92M | 451.56M | 406.56M | 397.49M | 200.78M |
| Total Liabilities | 1.45B | 1.36B | 1.44B | 1.53B | 1.43B | 977.71M |
| Stockholders Equity | 251.23M | 257.42M | 295.31M | 302.38M | 293.53M | 337.52M |
Cash Flow | ||||||
| Free Cash Flow | 55.90M | 49.51M | 7.66M | 25.15M | 56.90M | 64.35M |
| Operating Cash Flow | 82.71M | 80.48M | 52.85M | 77.86M | 95.59M | 95.61M |
| Investing Cash Flow | 4.21M | -29.99M | -11.66M | -63.76M | -114.44M | -84.33M |
| Financing Cash Flow | -84.31M | -88.64M | -33.86M | 28.93M | -49.77M | 6.94M |
Global Dominion Access SA Technical Analysis
Negative
2.72
Price Trends
2.82
Negative
2.98
Negative
3.09
Negative
Market Momentum
-0.03
Negative
41.66
Neutral
41.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ES:DOM, the sentiment is Negative. The current price of 2.72 is below the 20-day moving average (MA) of 2.74, below the 50-day MA of 2.82, and below the 200-day MA of 3.09, indicating a bearish trend. The MACD of -0.03 indicates Negative momentum. The RSI at 41.66 is Neutral, neither overbought nor oversold. The STOCH value of 41.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ES:DOM.
Global Dominion Access SA Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | €10.45B | 23.63 | 25.11% | 0.51% | 23.99% | 16.97% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
46 Neutral | €405.70M | 38.53 | 4.81% | 1.95% | -10.49% | -38.69% | |
43 Neutral | €293.59M | 59.00 | 4.21% | ― | 21.31% | -12.38% |
* Technology Sector Average
ES:DOM
Global Dominion Access SA
2.71
-0.47
-14.78%
ES:IDR
Indra Sistemas
59.30
25.96
77.84%
ES:ALC
Altia Consultores S.A.
6.75
0.36
5.58%
ES:IZER
Izertis SA
8.26
-1.52
-15.54%
ES:SCO
Seresco SA
6.55
-0.88
-11.84%
ES:ATSI
Aplicaciones y Tratamiento de Sistemas, S.A.
4.00
-0.36
-8.26%
Global Dominion Access SA Corporate Events
Global Dominion Access Files First-Half 2026 Interim Financial Report
Jul 23, 2026
Global Dominion Access, S.A. has filed its first interim semiannual financial report for the 2026 financial year, covering the period ended 30 June 2026. The report states that the summarized accounts have been prepared in line with applicable acc...
Global Dominion Access Limits Legal Scope of H1 2026 Results Document
Jul 23, 2026
Global Dominion Access SA has released a confidential informational document outlining its first-half 2026 results, stressing that the material is strictly for information purposes and not to be relied upon as complete, accurate, or fair for inves...
DOMINION Triples Half-Year Profit as Recurring Business Tops 85% of Revenue
Jul 23, 2026
DOMINION reported consolidated first-half 2026 revenue of €494.1 million with modest organic growth, while tripling net profit to €7.1 million on a comparable basis as recurring activities surpassed 85% of its business mix. Profitabili...
Global Dominion Access details mid‑2026 performance and segment highlights
Jul 23, 2026
Global Dominion Access SA has released an analysis of its results for the first six months of 2026, detailing economic and financial performance across revenue, operating margins, EBITDA and net profit. The report also examines balance sheet movem...
Global Dominion Access sets July date for H1 2026 results and investor presentation
Jul 3, 2026
Global Dominion Access has announced it will publish its half-year financial results for the first half of 2026 on 22 July, after the close of trading, providing investors and analysts with an updated view of its financial performance and operatio...
Global Dominion Access Declares Cash Dividend from Voluntary Reserves
Jun 23, 2026
Global Dominion Access, S.A. has approved the distribution of a cash dividend charged to voluntary reserves, setting a gross payout of €0.052931 per share, subject to applicable withholding tax. The company has detailed the timetable with a ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.