(DOKA) Dorma Kaba Holding - Ratings and Ratios

Dorma Kaba Holding AG (SW:DOKA) is a global leader in access and security solutions, operating at the intersection of physical and digital security. With a legacy dating back to 1862, the company has evolved into a Swiss powerhouse serving a wide array of industries, from healthcare and hospitality to government and industrial sectors. Its product portfolio spans door hardware, interior glass systems, entrance systems, and electronic access solutions, ensuring seamless integration of security, convenience, and design.

The company’s offerings include door closers, locks, emergency exits, and panic hardware, alongside interior glass systems such as sliding doors and demountable partitions. Its entrance systems range from swing and sliding doors to revolving doors, turnstiles, and sensor barriers. Mechanical key systems, including cylinder locks and master key systems, are complemented by electronic access solutions like digital door locks, card readers, and access control systems tailored for corporates, SMEs, and residential markets.

Dorma Kaba also specializes in lodging systems, including mobile access solutions and electronic hotel locks, as well as safe locks under brands like Kaba and Mas Hamilton. Its movable walls, marketed under Dorma Hüppe and Skyfold, cater to dynamic spatial needs. The company’s products are sold under multiple brands, including AIDO XL-C, Silca, Ilco, and Best, ensuring a broad market reach. Beyond hardware, Dorma Kaba provides maintenance, repairs, upgrades, installations, training, and consulting services, making it a one-stop solution for access and security needs.

With a market capitalization of 2745.10M CHF, Dorma Kaba trades with a P/E ratio of 65.37 and a forward P/E of 11.47, indicating expectations of future growth. Its price-to-book ratio of 10.70 reflects the market’s confidence in its intangible assets and brand value. The price-to-sales ratio of 0.97 suggests a reasonable valuation relative to its revenue. Investors should consider its strong market position, diverse product range, and exposure to sectors with increasing demand for security and access solutions.

The company serves a diverse range of sectors, including airports, offices, education, retail, banks, governments, residential housing, sports, culture, transport, logistics, manufacturing, and utilities. This broad exposure reduces dependency on any single industry, providing stability in revenue streams. Dorma Kaba’s global footprint and commitment to innovation position it as a key player in the evolving access and security landscape.