DKSH Holding AG (DKSH) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of DKSH Holding AG stock CHF 65.52, price CHF 76.70, that is 14.6% below the price, quality 66 out of 100. Rating: overvalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range CHF 48.50 – CHF 78.00 · fair‑value band CHF 47.50 – CHF 81.90 · the CHF 76.70 price screens above the CHF 65.52 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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DKSH Holding AG provides various market expansion services in Thailand, Greater China, Malaysia, Singapore, rest of the Asia Pacific, and internationally. The company offers sourcing, market insights, marketing, sales, e-Commerce, distribution, logistics, and after sales services.
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It operates through four segments: Healthcare, Consumer Goods, Performance Materials, and Technology.
The Healthcare segment provides various services, such as registration, regulatory, market entry studies, importation, customs clearance, marketing and sales, physical distribution, invoicing, and cash collection services for pharmaceuticals, consumer health, and over-the-counter health products, as well as medical devices.
The Consumer Goods segment offers a range of services, including product feasibility studies, registration, importation, customs clearance, marketing and merchandising, sales, warehousing, physical distribution, invoicing, cash collection, and after-sales services for fast moving consumer goods, food services, luxury goods, and lifestyle products, as well as hair and skin cosmetics.
The Performance Materials segment sources, markets, and distributes a range of specialty chemicals and ingredients for the pharmaceutical, personal care, food and beverage, and industrial applications, as well as provides market expansion services for performance materials.
The Technology segment offers market expansion services comprising a range of capital investment goods and analytical instruments in the areas of infrastructure, industrial materials and supplies, precision and textile machinery, semiconductors, photovoltaic and electronics, agriculture, and hospitality, as well as specialized industrial applications.
The company was founded in 1865 and is based in Zurich, Switzerland.
Stock analysis
DKSH Holding AG (DKSH) currently trades at CHF 76.70, while our model-based Fair Value estimate is CHF 65.52, 15% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of CHF 69.34 per share, and 2 of the 24 models we run sit above the CHF 76.70 price.
Bear case: the Dividend Discount group reads lowest at CHF 29.96, and 22 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: CHF 47.50 (bear) to CHF 81.90 (bull), the price of CHF 76.70 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 66/100 (solid quality), in the Industrials sector.
Weak Growth: Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
DKSH Holding AG reported revenue of CHF 11.1B in FY2025 versus CHF 11.1B in FY2021, a compound −0.1%/yr. Reported net income was CHF 203M in FY2025, compounding −2.4%/yr from FY2021.
Key figures
Market cap CHF 4.8B Mid · P/E ratio 23.5 · P/S ratio 0.44 · EPS (TTM) CHF 3.26 · Dividend yield 3.3% · Net margin 1.9% · Return on equity 12.6% · Return on assets (EBIT) 5.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 39 out of 100 (low confidence).
What moves the price
The share trades about 2% below its 52-week high and 51% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −7% fair-value upside, at −15%, DKSH screens richer than that median.
Fair Value models
BearCHF 47.50Fair Value CHF 65.52BullCHF 81.90
Price CHF 76.70 · Downside -14.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (CHF 0.6496 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Revenue growth 1 year
−0.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−0.7%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+0.6%
Start year 2020 (pandemic). Over 10 years: +1.0% a year
Revenue growth 15 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+2.8%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+6.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+3.3%
Dividend (yield on the price)3.3%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.3.3% vs 0.0%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.2% → 3%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes about as much growth as the company has delivered so far and about what analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+2.8%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+4.3%
Yearly sales growth analysts expect, extended to five years.
After inflation (Switzerland: IMF forecast 0.6% a year to 2030, 0.8% from 2016 to 2025) that is about +2.2% a year for the price and +3.7% for the forecasts.
AI conclusion: DKSH benefits from shifting its healthcare unit into full commercial outsourcing with services such as regulatory work and sales, yet the division continues to face persistently thin margins.
Main risk: The added responsibilities of regulatory work, market access and sales in the healthcare outsourcing shift could increase execution demands and pressure the already thin margins.
DKSH is shifting its healthcare unit toward full commercial outsourcing, handling regulatory work, market access and sales for partners instead of simple distribution. The expanded Grünenthal agreement for four pain medicines across eight Asian markets is the latest example of this move. Higher-margin services could lift returns, yet the division still operates on thin overall margins. Will the added responsibilities and execution demands ultimately raise profitability more than they increase risk?
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Consulting Services · 74 stocks
Beats the industry median on 4/14 measures
Overall it trails its industry peers.
Valuation
Quality Score66 · Top 25%
Fair Value upside−14.6% · Below median
Profitability
Return on equity (12 months)12.6% · Above median
Return on assets3.7% · Below median
Net margin (12 months)1.9% · Below median
Operating margin (12 months)2.8% · Below median
Growth and dividend
Revenue growth (quarter YoY)−0.9% · Below median
Dividend yield (12 months)3.3% · Above median
Balance sheet
Debt / equity0.28× · Above median
Valuation Multiplesvs Consulting Services median · lower = cheaper
P/E (12 months)23.5× · Pricier than median
P/B2.75× · Pricier than median
P/S (12 months)0.44× · Cheapest 25%
Price / free cash flow (fiscal year)17.0× · Pricier than median
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Cite: Fair Value Calculator (2026). "DKSH Holding AG Fair Value". https://www.fairvalue-calculator.com/stock/DKSH
Frequently asked questions
Is DKSH Holding AG (DKSH) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of CHF 65.52 versus a price of CHF 76.70, about 15% lower (overvalued).
What is the fair value of DKSH?
Our model-based fair value for DKSH Holding AG is CHF 65.52 (as of Nov 7, 2026), built from audited fundamentals. The current price: CHF 76.70.
What is the quality score of DKSH?
DKSH Holding AG has a Quality Score of 66/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for DKSH Holding AG (DKSH)?
Our model-based price target is the fair value of CHF 65.52 (as of Nov 7, 2026) from 24 valuation models. Cautious scenario CHF 47.50, optimistic scenario CHF 81.90. It is a calculation from audited fundamentals, not an analyst target.
What is the DKSH Holding AG stock forecast for 2026?
Our models put fair value at CHF 65.52, about 15% lower versus a price of CHF 76.70 (overvalued). Cautious scenario CHF 47.50, optimistic scenario CHF 81.90. The calculation is refreshed regularly with new filings.
What is the revenue of DKSH Holding AG (DKSH)?
DKSH Holding AG reported trailing-twelve-month revenue of about CHF 11.0B (latest available figure, as of Nov 7, 2026).
Does DKSH Holding AG pay a dividend?
DKSH Holding AG currently shows a dividend yield of 3.26% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of DKSH Holding AG (DKSH) and when is the ex-dividend date?
DKSH Holding AG pays a dividend of CHF 2.50 per share a year, a dividend yield of 3.3%. The last ex-dividend date was Mar 31, 2026. A dividend has been paid every year since at least 2013. The payout ratio is 76.7% of earnings. Free cash flow covers the dividend 1.75 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into DKSH Holding AG (DKSH)?
For today's price to be fair in a discounted-cash-flow model, DKSH Holding AG would have to grow free cash flow by +2.8 % per year for five years (discount rate 8.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +0.6 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of DKSH use?
Our models discount DKSH Holding AG at 8.3 %: a base by market capitalisation (mid), damped by beta 0.43, country premium for Switzerland. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For DKSH Holding AG that is +2.8 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (8.3 %) and the same formula as our fair value.
How much growth has DKSH Holding AG (DKSH) delivered so far?
Over the past 5 years revenue at DKSH Holding AG grew +0.6 % a year. The price currently implies free-cash-flow growth of +2.8 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of DKSH Holding AG (DKSH) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into DKSH Holding AG (+2.8 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of DKSH Holding AG (DKSH)?
The free-cash-flow yield on the price is 5.89 %: that much free cash flow DKSH Holding AG produces per unit of market value. When it exceeds the discount rate of our models (8.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of DKSH Holding AG (DKSH)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For DKSH Holding AG it is CHF 65.52 per share (as of Nov 7, 2026), against a price of CHF 76.70. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is DKSH Holding AG stock overvalued or undervalued in 2026?
As of Nov 7, 2026, DKSH trades above its calculated fair value: price CHF 76.70, fair value CHF 65.52, a gap of about −15% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of DKSH?
No. The price is what the market pays today (CHF 76.70); the fair value is what the company's own numbers justify (CHF 65.52). For DKSH Holding AG the two are CHF 11.18 per share apart. That gap is exactly why we show both numbers side by side.
How much is DKSH Holding AG worth?
The market values DKSH Holding AG at about CHF 4.8B (market capitalisation, as of Nov 7, 2026). Per share that is CHF 76.70; our models calculate a fair value of CHF 65.52 per share.
What do the bullish and bearish scenarios say about DKSH?
Our models span a range for DKSH Holding AG: cautious scenario CHF 47.50, base CHF 65.52, optimistic CHF 81.90 per share (as of Nov 7, 2026, price CHF 76.70). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of DKSH?
DKSH Holding AG trades at a price-to-earnings ratio of 23.5 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of CHF 65.52 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 21.4. Other multiples: P/B 2.8, P/S 0.4, EV/EBITDA 13.0.
How solid is the balance sheet of DKSH Holding AG (DKSH)?
Balance-sheet figures for DKSH Holding AG (as of Nov 7, 2026): return on equity 12.6%, debt of 0.28 per unit of equity. They feed the Quality Score of 66/100, which measures business quality independently of the share price.
How far is DKSH from its 52-week high?
DKSH Holding AG trades at CHF 76.70, about 2% below its 52-week high of CHF 78.00 and 51% above the low of CHF 50.87 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of CHF 65.52 is for.
Which stocks are comparable to DKSH Holding AG?
From the same area (Industrials) we also value Verisk Analytics, Inc, SGS SA, Equifax Inc, Bureau Veritas SA, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is DKSH Holding AG stock attractive at the current price?
The data as of Nov 7, 2026: price CHF 76.70, calculated fair value CHF 65.52 (−15%), Quality Score 66/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of DKSH calculated?
We run DKSH Holding AG through 24 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of CHF 65.52 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. DKSH Holding AG itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of DKSH Holding AG (DKSH)?
The closing price on Nov 6, 2026 was CHF 76.70. Our model-based fair value is CHF 65.52, about 15% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with DKSH Holding AG right now?
Solid but not exceptional quality (66/100) and above fair value, neither a clear bargain nor a standout compounder. The price sits in the upper half of our model range, so the margin of safety is thin. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of DKSH Holding AG (DKSH) come from?
Earnings per share at DKSH Holding AG grew −0.1 % a year from 2014 to 2025. Broken into its drivers: revenue per share +1.0 %, EBIT margin +2.1 %, tax rate −0.4 %, residual (interest, one-offs) −2.7 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of DKSH Holding AG
How large is the market capitalisation of DKSH Holding AG (DKSH)?
The market capitalisation of DKSH Holding AG is CHF 4.8B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of DKSH Holding AG (DKSH)?
The price-to-sales ratio of DKSH Holding AG is 0.44 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of DKSH Holding AG (DKSH)?
Earnings per share at DKSH Holding AG are CHF 3.26 (price ÷ EPS = P/E 23.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of DKSH Holding AG (DKSH)?
The dividend yield of DKSH Holding AG is 3.3% (payout 76.7%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of DKSH Holding AG (DKSH)?
The net margin of DKSH Holding AG is 1.9% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of DKSH Holding AG (DKSH)?
The return on equity (ROE) of DKSH Holding AG is 12.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of DKSH Holding AG (DKSH)?
On an EBIT basis the return on assets of DKSH Holding AG is 5.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of DKSH Holding AG (DKSH)?
The operating margin of DKSH Holding AG is 2.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at DKSH Holding AG (DKSH)?
Revenue at DKSH Holding AG is growing −0.9% versus a year earlier (3y avg −0.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at DKSH Holding AG (DKSH)?
Earnings per share at DKSH Holding AG are growing +17.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does DKSH Holding AG (DKSH) carry?
The net debt of DKSH Holding AG is CHF 404M (fiscal year 2025, ≈ 1.4 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 7, 2026