Want to see SE:DOM full AI Analyst Report?
Top Page
Dometic Group AB
(DOM)
Select Model
Select Model
Rating:55Neutral
Price Target:
kr23.50
▼(-51.22% Downside)
Action:Reiterated
Date:07/17/26
Overall score reflects a business that has stabilized financially with positive cash generation and manageable leverage, but still faces weak growth and thin profitability. The stock’s technical setup is notably bearish (price below key moving averages with negative MACD), and the latest call reinforced a cautious near-term outlook despite ongoing cost-savings actions and some improving demand/pricing signals.
Positive Factors
Aftermarket & Service Mix
A 31% contribution from service and aftermarket creates a recurring, higher-margin revenue base that is less cyclical than OEM volumes. Over months this supports steadier cash flow, improves gross-margin resilience, and reduces reliance on new vehicle/boat production cycles.
Negative Factors
Soft Organic Revenue Trend
Persistently weak organic sales indicate limited top-line momentum across business lines. Over a multi-month horizon this undermines operating leverage, constrains the pace at which restructuring lifts margins, and leaves profitability vulnerable to cyclical downturns in RV and marine end markets.
Read all positive and negative factors
Positive Factors
Negative Factors
Aftermarket & Service Mix
A 31% contribution from service and aftermarket creates a recurring, higher-margin revenue base that is less cyclical than OEM volumes. Over months this supports steadier cash flow, improves gross-margin resilience, and reduces reliance on new vehicle/boat production cycles.
Read all positive factors
Dometic Group AB (DOM) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr7.33B
Dividend Yield2.85%
Average Volume (3M)536.15K
Price to Earnings (P/E)17.5
Beta (1Y)1.41
Revenue Growth-10.56%
EPS GrowthN/A
CountrySE
Employees7,223
SectorConsumer Cyclical
Sector Strength84
IndustryLeisure
Share Statistics
EPS (TTM)0.96
Shares Outstanding319,500,000
10 Day Avg. Volume409,193
30 Day Avg. Volume536,151
Financial Highlights & Ratios
PEG Ratio-0.29
Price to Book (P/B)0.72
Price to Sales (P/S)0.71
P/FCF Ratio8.56
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
kr45.00Price Target Upside-6.60% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)2.98
Revenue Forecast (FY)kr20.50B
Dometic Group AB Business Overview & Revenue Model
Company Description
Dometic Group AB (publ) and its subsidiaries specialize in delivering comprehensive solutions for on-the-go lifestyles across various sectors. The company operates internationally, with a significant presence in regions including the Americas, Ger...
How the Company Makes Money
Dometic primarily makes money by selling branded hardware and related solutions designed for mobile living and outdoor markets. Its core revenue streams typically include: (1) Original equipment manufacturer (OEM) sales, where Dometic supplies com...
Dometic Group AB Earnings Call Summary
Earnings Call Date:Jul 14, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 22, 2026
Earnings Call Sentiment Neutral
The call conveyed a balanced message: the company is navigating a challenging macro environment (raw-material and freight inflation, tariff volatility, regional demand weakness in the U.S. and Australia) that drove modest organic declines, margin pressure and higher SG&A due to provisions. Offsetting these negatives are resilient aftermarket/service growth, positive performance in Marine and Mobile Cooling (with signs of improving order intake and prices beginning to take effect), progress on restructuring (additional SEK 150m saving target) and reductions in net debt. Management remains cautious for 2026 but is taking active measures to protect margins, reduce costs and invest in innovation and sustainability.Positive Updates
Service & Aftermarket Growth and Channel Mix
Service and aftermarket grew (positive single-digit) and now represent 31% of group sales (up from prior periods), providing a positive margin mix that helped gross margin (service & aftermarket and distribution performed well in Q2/Q3).
Negative Updates
Overall Organic Sales Decline
Group delivered a negative organic growth of -1% in Q2 and -1% year-to-date; discontinued businesses also reduced sales by ~1%.
Read all updates
Q2-2026 Updates
Positive
Negative
Service & Aftermarket Growth and Channel Mix
Service and aftermarket grew (positive single-digit) and now represent 31% of group sales (up from prior periods), providing a positive margin mix that helped gross margin (service & aftermarket and distribution performed well in Q2/Q3).
Read all positive updates
Company Guidance
Management gave a cautious outlook, saying 2026 growth will be “tough to achieve” after Q2 organic sales -1% (H1 organic -1%), and volumes likely won’t meet targets, but noted price increases began to take effect in June and should help offset raw‑material and freight headwinds (headwinds expected to persist into Q3). They extended the restructuring to add SEK 150m of run‑rate savings (total SEK 900m by mid‑2027; SEK 750m by end‑2026), booked SEK 100m of restructuring charges in Q2 and had SEK 84m cash out in Q2 (SEK 339m total to date), raising the savings run‑rate to SEK 490m; most of the additional SEK 150m will hit 2027 with some impact in Q4 2026. Financials/guidance metrics called out: Q2 sales ~SEK 6bn, EBITA SEK 739m (12.4% vs 14% LY), adjusted EPS SEK 1.27, Q2 free cash flow >SEK 800m (vs SEK 1.3bn LY), H1 revenue SEK 11.2bn and EBITA ~SEK 1.3bn (11.6%), inventories SEK 5.1bn (125 days), leverage 3.3, net debt ~SEK 9.3bn, cash SEK 3.6bn with a planned SEK 750m bond repayment in Q3; management expects Mobile Cooling margins to recover in H2 and will continue to protect margins and focus on cash flow.Dometic Group AB Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
63
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 20.15B | 21.04B | 24.62B | 27.77B | 29.76B | 21.52B |
| Gross Profit | 5.30B | 5.61B | 6.82B | 7.10B | 7.88B | 6.36B |
| EBITDA | 2.54B | 3.22B | 2.54B | 4.41B | 4.53B | 3.72B |
| Net Income | 309.00M | 428.00M | -2.30B | 1.33B | 1.78B | 1.73B |
Balance Sheet | ||||||
| Total Assets | 47.25B | 45.81B | 52.82B | 54.12B | 57.45B | 52.03B |
| Cash, Cash Equivalents and Short-Term Investments | 3.62B | 4.86B | 4.21B | 4.35B | 4.40B | 4.41B |
| Total Debt | 2.80B | 16.49B | 17.62B | 18.44B | 19.73B | 17.21B |
| Total Liabilities | 24.29B | 24.88B | 27.36B | 28.13B | 31.04B | 29.58B |
| Stockholders Equity | 22.96B | 20.93B | 25.46B | 25.99B | 26.41B | 22.45B |
Cash Flow | ||||||
| Free Cash Flow | 1.58B | 1.75B | 3.49B | 4.23B | 1.28B | 740.00M |
| Operating Cash Flow | 1.91B | 2.11B | 3.87B | 4.85B | 1.87B | 1.15B |
| Investing Cash Flow | -291.00M | -331.00M | -519.00M | -1.17B | -1.43B | -8.76B |
| Financing Cash Flow | -2.74B | -369.00M | -3.54B | -3.69B | -570.00M | 4.03B |
Dometic Group AB Technical Analysis
Negative
48.18
Price Trends
28.77
Negative
29.58
Negative
37.49
Negative
Market Momentum
-1.61
Negative
31.14
Neutral
26.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:DOM, the sentiment is Negative. The current price of 48.18 is above the 20-day moving average (MA) of 24.43, above the 50-day MA of 28.77, and above the 200-day MA of 37.49, indicating a bearish trend. The MACD of -1.61 indicates Negative momentum. The RSI at 31.14 is Neutral, neither overbought nor oversold. The STOCH value of 26.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:DOM.
Dometic Group AB Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | kr23.90B | 20.98 | 14.62% | 3.54% | 5.68% | 3.16% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
59 Neutral | kr12.43B | 16.06 | 12.33% | 3.12% | 4.58% | -15.05% | |
56 Neutral | kr17.67B | 26.82 | 21.87% | 5.28% | 2.84% | -0.50% | |
55 Neutral | kr7.33B | 17.52 | ― | 2.85% | -10.56% | ― | |
55 Neutral | kr5.67B | 53.22 | 2.04% | 6.24% | -0.94% | 14.56% | |
44 Neutral | kr19.81B | 17.61 | 6.30% | ― | -6.83% | ― |
* Consumer Cyclical Sector Average
SE:DOM
Dometic Group AB
22.78
-25.68
-52.99%
SE:THULE
Thule Group AB
221.60
-50.34
-18.51%
SE:FOI.B
Fenix Outdoor International AG
417.00
-92.44
-18.15%
SE:ELUX.B
Electrolux AB
23.78
-10.11
-29.83%
SE:NEWA.B
New Wave Group AB Class B
93.00
-23.73
-20.33%
SE:SHOT
Scandic Hotels Group AB
80.45
-2.34
-2.83%
Dometic Group AB Corporate Events
Dometic Extends Restructuring as Weak RV Markets Pressure Q2 Earnings
Jul 14, 2026
Dometic reported a 5% year-on-year decline in second-quarter net sales to SEK 5.97 billion, with organic growth down 1% amid weak demand in key U.S. and European recreational vehicle and marine markets. Profitability softened as EBITA margin contr...
Dometic lifts margins on aftermarket growth as Q1 sales stay flat organically
Apr 23, 2026
Dometic reported first-quarter 2026 net sales of SEK 5.24 billion, down 10% year-on-year mainly due to currency effects, with flat organic growth and improved profitability. Gross margin rose to 29.6% and EBITA margin to 10.6%, driven by cost savi...
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.