Dom Development S.A. (DOM) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Dom Development S.A. stock PLN 207, price PLN 247, that is 16.2% below the price, quality 61 out of 100. Rating: overvalued. Calculated from audited financials with 16 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 6, 2026.
How to read this chart
60‑month range 56.01 PLN – 272.25 PLN · fair‑value band 134.99 PLN – 332.70 PLN · the 247.00 PLN price screens above the 207.04 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Dom Development S.A., together with its subsidiaries, engages in the construction and sale of residential and commercial real estate properties, and related support activities in Poland.
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It is also involved in marketing, sales, customer service, and design and construction management of real estate properties. The company was founded in 1995 and is based in Warsaw, Poland. Dom Development S.A. operates as a subsidiary of Groupe Belleforêt S.à r.l.
Stock analysis
Dom Development S.A. (DOM) currently trades at 247.00 PLN, while our model-based Fair Value estimate is 207.04 PLN, 16% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 431.08 PLN per share, and 9 of the 16 models we run sit above the 247.00 PLN price.
Bear case: the Asset-Based group reads lowest at 67.27 PLN, and 7 of the 16 models stay below the price. Data coverage for this calculation is high.
Scenario range: 134.99 PLN (bear) to 332.70 PLN (bull), the price of 247.00 PLN 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 61/100 (solid quality), in the Real Estate sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Dom Development S.A. reported revenue of 3.3B PLN in FY2025 versus 1.9B PLN in FY2021, a compound +14.4%/yr. Reported net income was 654M PLN in FY2025, compounding +18.9%/yr from FY2021.
Key figures
Market cap 6.4B PLN (≈ $1.6B) Small · P/E ratio 9.6 · P/S ratio 1.77 · EPS (TTM) 25.86 PLN · Dividend yield 2.8% · Net margin 18.9% · Return on equity 34.9% · Return on assets (EBIT) 12.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 73 out of 100 (low confidence).
What moves the price
The share trades about 9% below its 52-week high and 14% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 33% fair-value upside, at −16%, DOM screens richer than that median.
Fair Value models
Bear134.99 PLNFair Value 207.04 PLNBull332.70 PLN
Price 247.00 PLN · Downside -16.2%
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 (16.17 PLN 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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+2.8%
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.
+10.4%
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.
+12.4%
Start year 2020 (pandemic). Over 10 years: +13.7% a year
Revenue growth 19 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.
+8.2%
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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.
+19.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+16.3%
Dividend (yield on the price)2.8%
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.16.3% vs 22.8%, slowing
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.22% → 25%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than 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).
+22.3%
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.
+8.0%
Yearly sales growth analysts expect, extended to five years.
Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain.
After inflation (Poland: IMF forecast 3.1% a year to 2030, 4.6% from 2016 to 2025) that is about +18.6% a year for the price and +4.7% for the forecasts.
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.Real Estate - Development · 489 stocks
Beats the industry median on 9/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score61 · Top 25%
Fair Value upside−14.3% · Below median
Profitability
Return on equity (12 months)34.9% · Top 25%
Return on assets10.9% · Top 25%
Net margin (12 months)18.9% · Above median
Operating margin (12 months)16.3% · Above median
Growth and dividend
Revenue growth (quarter YoY)8.7% · Above median
Dividend yield (12 months)2.8% · Below median
Balance sheet
Debt / equity0.29× · Below median
Valuation Multiplesvs Real Estate - Development median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Dom Development S.A. Fair Value". https://www.fairvalue-calculator.com/stock/DOM
Frequently asked questions
Is Dom Development S.A. (DOM) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of 207.04 PLN versus a price of 247.00 PLN, about 16% lower (overvalued).
What is the fair value of DOM?
Our model-based fair value for Dom Development S.A. is 207.04 PLN (as of Nov 6, 2026), built from audited fundamentals. The current price: 247.00 PLN.
What is the quality score of DOM?
Dom Development S.A. has a Quality Score of 61/100. 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 Dom Development S.A. (DOM)?
Our model-based price target is the fair value of 207.04 PLN (as of Nov 6, 2026) from 16 valuation models. Cautious scenario 134.99 PLN, optimistic scenario 332.70 PLN. It is a calculation from audited fundamentals, not an analyst target.
What is the Dom Development S.A. stock forecast for 2026?
Our models put fair value at 207.04 PLN, about 16% lower versus a price of 247.00 PLN (overvalued). Cautious scenario 134.99 PLN, optimistic scenario 332.70 PLN. The calculation is refreshed regularly with new filings.
What is the revenue of Dom Development S.A. (DOM)?
Dom Development S.A. reported trailing-twelve-month revenue of about 3.5B PLN (latest available figure, as of Nov 6, 2026).
Does Dom Development S.A. pay a dividend?
Dom Development S.A. currently shows a dividend yield of 2.83% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Dom Development S.A. (DOM) and when is the ex-dividend date?
Dom Development S.A. pays a dividend of 7.00 PLN per share a year, a dividend yield of 2.8%. The next ex-dividend date is Dec 1, 2026. A dividend has been paid every year since at least 2007. The payout ratio is 27.1% of earnings. Free cash flow covers the dividend 1.04 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Dom Development S.A. (DOM)?
For today's price to be fair in a discounted-cash-flow model, Dom Development S.A. would have to grow free cash flow by +22.3 % per year for five years (discount rate 10.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +12.4 % per year. Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of DOM use?
Our models discount Dom Development S.A. at 10.6 %: a base by market capitalisation (small), damped by beta 0.37, country premium for Poland. 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 Dom Development S.A. that is +22.3 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.6 %) and the same formula as our fair value.
How much growth has Dom Development S.A. (DOM) delivered so far?
Over the past 5 years revenue at Dom Development S.A. grew +12.4 % a year. The price currently implies free-cash-flow growth of +22.3 % 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 Dom Development S.A. (DOM) growing?
The median revenue growth in the sector is +2.7 % a year. That is the yardstick for the growth priced into Dom Development S.A. (+22.3 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Dom Development S.A. (DOM)?
The free-cash-flow yield on the price is 2.96 % in the last fiscal year (free cash flow was negative over the last twelve months): that much free cash flow Dom Development S.A. produces per unit of market value. When it exceeds the discount rate of our models (10.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Dom Development S.A. (DOM)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Dom Development S.A. it is 207.04 PLN per share (as of Nov 6, 2026), against a price of 247.00 PLN. It is the blended result of 16 valuation models in 6 families (DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Dom Development S.A. stock overvalued or undervalued in 2026?
As of Nov 6, 2026, DOM trades above its calculated fair value: price 247.00 PLN, fair value 207.04 PLN, a gap of about −16% (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 DOM?
No. The price is what the market pays today (247.00 PLN); the fair value is what the company's own numbers justify (207.04 PLN). For Dom Development S.A. the two are 39.96 PLN per share apart. That gap is exactly why we show both numbers side by side.
How much is Dom Development S.A. worth?
The market values Dom Development S.A. at about 6.4B PLN (market capitalisation, as of Nov 6, 2026). Per share that is 247.00 PLN; our models calculate a fair value of 207.04 PLN per share.
What do the bullish and bearish scenarios say about DOM?
Our models span a range for Dom Development S.A.: cautious scenario 134.99 PLN, base 207.04 PLN, optimistic 332.70 PLN per share (as of Nov 6, 2026, price 247.00 PLN). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of DOM?
Dom Development S.A. trades at a price-to-earnings ratio of 9.6 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 207.04 PLN is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 9.3. Other multiples: PEG 8.2, P/B 3.1, P/S 1.8, EV/EBITDA 7.9.
What is the PEG ratio of DOM?
The PEG ratio of Dom Development S.A. is 8.17 (P/E divided by earnings growth, as of Nov 6, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Dom Development S.A. (DOM)?
Balance-sheet figures for Dom Development S.A. (as of Nov 6, 2026): return on equity 34.9%, debt of 0.29 per unit of equity. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is DOM from its 52-week high?
Dom Development S.A. trades at 247.00 PLN, about 9% below its 52-week high of 272.25 PLN and 14% above the low of 215.86 PLN (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 207.04 PLN is for.
Which stocks are comparable to Dom Development S.A.?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, China Resources Land Limited, CK Asset Holdings, DLF Limited, 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 Dom Development S.A. stock attractive at the current price?
The data as of Nov 6, 2026: price 247.00 PLN, calculated fair value 207.04 PLN (−16%), Quality Score 61/100, from 16 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 DOM calculated?
We run Dom Development S.A. through 16 models from 6 families: DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of 207.04 PLN 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 13.3% above its aggregate fair value. Dom Development S.A. 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 Dom Development S.A. (DOM)?
The closing price on Nov 9, 2026 was 247.00 PLN. Our model-based fair value is 207.04 PLN, about 16% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Dom Development S.A. right now?
Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (134.99 PLN to 332.70 PLN) leaves room in how you read the outcome. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Where does the earnings growth of Dom Development S.A. (DOM) come from?
Earnings per share at Dom Development S.A. grew +22.4 % a year from 2014 to 2025. Broken into its drivers: revenue per share +13.1 %, EBIT margin +7.9 %, tax rate +0.0 %, residual (interest, one-offs) +0.2 %. 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 Dom Development S.A.
How large is the market capitalisation of Dom Development S.A. (DOM)?
The market capitalisation of Dom Development S.A. is 6.4B PLN (≈ $1.6B). 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 Dom Development S.A. (DOM)?
The price-to-sales ratio of Dom Development S.A. is 1.77 (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 Dom Development S.A. (DOM)?
Earnings per share at Dom Development S.A. are 25.86 PLN (price ÷ EPS = P/E 9.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Dom Development S.A. (DOM)?
The dividend yield of Dom Development S.A. is 2.8% (payout 27.1%). 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 Dom Development S.A. (DOM)?
The net margin of Dom Development S.A. is 18.9% (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 Dom Development S.A. (DOM)?
The return on equity (ROE) of Dom Development S.A. is 34.9% (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 Dom Development S.A. (DOM)?
On an EBIT basis the return on assets of Dom Development S.A. is 12.4% (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 Dom Development S.A. (DOM)?
The operating margin of Dom Development S.A. is 16.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Dom Development S.A. (DOM)?
Revenue at Dom Development S.A. is growing +8.7% versus a year earlier (3y avg +10.4%). 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 Dom Development S.A. (DOM)?
Earnings per share at Dom Development S.A. are growing −19.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Dom Development S.A. (DOM) carry?
The net debt of Dom Development S.A. is 429M PLN (fiscal year 2025, ≈ 2.3 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 6, 2026