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Dometic Group AB
(DOM)
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Rating:57Neutral
Price Target:
kr22.50
▲(1.99% Upside)
Action:Reiterated
Date:10/22/26
The score is driven primarily by only moderate financial quality (thin margins, low returns, weakening FCF trajectory despite stabilization) and a mixed earnings-call picture (growth/backlog and restructuring progress offset by weaker profitability, negative quarterly FCF, higher leverage, and a large impairment). Technicals remain soft versus longer-term moving averages, while valuation is neither clearly cheap nor expensive and the dividend provides modest support.
Positive Factors
Organic Growth and Market Share
A return to organic growth alongside a stronger backlog and broad-based market-share gains indicates improving commercial execution. If sustained, these trends can support revenue recovery and reinforce Dometic’s position across mobile-living markets despite weak industry volumes.
Negative Factors
Weak Vehicle and Marine Markets
Weak RV and Marine conditions create a durable demand risk because Dometic serves both OEM production and dealers carrying elevated inventories. Lower production, weak confidence, and pricing pressure may continue to constrain volumes and delay a fuller earnings recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Organic Growth and Market Share
A return to organic growth alongside a stronger backlog and broad-based market-share gains indicates improving commercial execution. If sustained, these trends can support revenue recovery and reinforce Dometic’s position across mobile-living markets despite weak industry volumes.
Read all positive factors
Dometic Group AB (DOM) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr6.59B
Dividend Yield2.42%
Average Volume (3M)947.48K
Price to Earnings (P/E)―
Beta (1Y)1.58
Revenue Growth-6.37%
EPS Growth-817.57%
CountrySE
Employees7,036
SectorGeneral
Sector StrengthN/A
IndustryLeisure
Share Statistics
EPS (TTM)0.96
Shares Outstanding319,500,000
10 Day Avg. Volume1,287,874
30 Day Avg. Volume947,483
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 TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)2.56
Revenue Forecast (FY)kr20.20B
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 mobile-living equipment and related solutions through two main routes: (1) sales to original equipment manufacturers (OEMs) that integrate Dometic products into new vehicles and boats during production, and...
Dometic Group AB Earnings Call Summary
Earnings Call Date:Oct 22, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Jan 28, 2027
Earnings Call Sentiment Neutral
The call had a mixed but cautiously constructive tone. Dometic returned to organic growth, reported stronger order intake and backlog, gained market share, and made progress with restructuring, innovation, and sustainability. However, profitability and adjusted EPS declined, free cash flow was negative, leverage increased, raw-material inflation remained a headwind, key end markets were weak, and the company recorded a close to SEK 4.2 billion impairment. The positive operating trends and strategic progress were broadly balanced by the financial and market challenges.Positive Updates
Return to Organic Growth and Stronger Backlog
Sales revenue was SEK 5.1 billion in the quarter, with organic growth of 3%. Three segments showed positive development, order intake remained good in Q3, and the company entered Q4 with a stronger backlog than both the prior year and the beginning of Q3.
Negative Updates
Lower Quarterly Profitability and Earnings
Quarterly EBITA was SEK 495 million, down 2% year over year, and the EBITA margin declined to 9.7% from 10.4%. Adjusted EPS fell to SEK 0.03 from SEK 0.64 a year earlier.
Read all updates
Q3-2026 Updates
Positive
Negative
Return to Organic Growth and Stronger Backlog
Sales revenue was SEK 5.1 billion in the quarter, with organic growth of 3%. Three segments showed positive development, order intake remained good in Q3, and the company entered Q4 with a stronger backlog than both the prior year and the beginning of Q3.
Read all positive updates
Company Guidance
Dometic expects the new restructuring program, primarily addressing Land Vehicles Americas, to generate SEK 215 additional million in savings by the end of 2028, with a restructuring cost of SEK 425 million, estimated cash impact of SEK 140 million, and total savings of SEK 1,115 million once the 3 programs are completed; savings will come “stepwise” throughout ’27, partly even into early ’28. Annual savings from programs implemented until now are expected at SEK 900 million, with SEK 600 million currently running and another SEK 110 million added in Q3. The company expects product development investment to remain at 3% of sales, innovation index to increase from 23% toward a target of 25%, CapEx to be between 2.5 and 3, working capital to move toward a target of 20%, and leverage toward its long-term target to 2.5. Per Carlsson said an underlying tax rate of some 34% can be assumed, inventories should see a decline year-over-year after the Mobile Cooling buildup, and Juan Vargues said raw-material prices should be in balance “maximum in another 60 days” if prices stay at these levels.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 | 7.85B | 6.36B |
| EBITDA | 2.86B | 3.22B | 2.54B | 4.41B | 4.52B | 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 | 54.98B | 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 | 14.62B | 16.49B | 17.62B | 18.44B | 19.73B | 17.21B |
| Total Liabilities | 24.29B | 24.88B | 27.45B | 29.07B | 31.04B | 29.58B |
| Stockholders Equity | 22.96B | 20.93B | 25.46B | 25.99B | 26.41B | 22.45B |
Cash Flow | ||||||
| Free Cash Flow | 1.65B | 1.75B | 3.49B | 4.22B | 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
22.06
Price Trends
21.69
Negative
23.47
Negative
29.09
Negative
Market Momentum
-0.15
Negative
46.72
Neutral
38.27
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 22.06 is above the 20-day moving average (MA) of 20.51, above the 50-day MA of 21.69, and below the 200-day MA of 29.09, indicating a neutral trend. The MACD of -0.15 indicates Negative momentum. The RSI at 46.72 is Neutral, neither overbought nor oversold. The STOCH value of 38.27 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 (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | kr20.76B | 17.84 | 16.03% | 4.31% | 1.57% | 17.91% | |
61 Neutral | kr12.32B | 20.79 | ― | 2.24% | 8.20% | 40.01% | |
59 Neutral | kr609.27M | -13.23 | ― | 5.23% | -1.18% | -654.08% | |
57 Neutral | kr6.59B | -1.57 | ― | 2.42% | -6.37% | -817.57% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | kr48.17M | -14.71 | -4.97% | ― | -11.44% | 73.71% | |
44 Neutral | kr2.00B | -0.29 | -121.71% | 5.38% | -34.74% | -101.66% |
* General Sector Average
SE:DOM
Dometic Group AB
20.62
-28.02
-57.61%
SE:NOBI
Nobia AB
13.19
-18.95
-58.97%
SE:THULE
Thule Group AB
192.50
-52.17
-21.32%
SE:USWE
USWE Sports AB
6.75
-9.35
-58.07%
SE:ELON
Elon AB
41.00
22.55
122.22%
SE:RUSTA
Rusta AB
80.25
18.23
29.39%
Dometic Group AB Corporate Events
Dometic Posts Organic Growth but Books Major Goodwill Hit in Q3
Oct 22, 2026
Dometic reported third-quarter 2026 organic sales growth of 3%, with net sales rising to SEK 5.1 billion and three of four segments expanding despite challenging OEM markets. Marine, Land Vehicles, and Mobile Cooling Solutions all posted organic g...
Dometic Names Former Nobia Executive Kristoffer Ljungfelt as New CFO
Oct 22, 2026
Dometic has strengthened its executive leadership by appointing Kristoffer Ljungfelt as Chief Financial Officer, effective 1 November, bringing in a seasoned finance and business leader with prior CEO and CFO experience at Nobia and earlier senior...
Dometic Unveils US-Focused Restructuring and Major Goodwill Impairment
Oct 22, 2026
Dometic Group AB has launched a restructuring program targeting its Americas operations within the Land Vehicles segment to better align capacity, structural costs and its business portfolio with current market conditions. The plan centers on capa...
Dometic to Present Q3 2026 Results in October Webcast
Oct 6, 2026
Dometic Group AB will publish its interim report for the third quarter of 2026 on October 22, with the release scheduled for around 07:30 CEST. The company will follow the publication with a conference call and webcast at 10:00 CEST the same day, ...
Dometic Wins Delaware Court Battle in Igloo Earnout Dispute
Oct 1, 2026
Dometic Group AB, headquartered in Stockholm, Sweden, employs around 7,000 people worldwide and reported net sales of SEK 21 billion (USD 2.3 billion) in 2025. Its smart, sustainable and design-driven products serve a growing market of outdoor and...
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.