Doosan Skoda Power as (DSPW) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Doosan Skoda Power as stock CZK 444, price CZK 399, upside +11.4%, quality 68 out of 100. Rating: undervalued. Calculated from audited financials with 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 5, 2026.
How to read this chart
21‑month range 261.14 CZK – 532.31 CZK · fair‑value band 314.19 CZK – 569.38 CZK · the 398.50 CZK price screens below the 443.85 CZK fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Doosan "koda Power a.s. engages in engineering, design, manufacturing, management, procurement, construction, and supply of steam turbines and equipment in the Czech Republic, Europe, and Asia.
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The company provides installation, maintenance, repair, and overhaul services, as well as long-term service agreements. It also offers power and engineering services, LTSA and multi-year service contracts, retrofit and modernization services.
The Company markets and sells its products under the Doosan and "koda brands.
It serves power generation and industrial sectors, including nuclear power plants, industrial facilities, combined cycle power plants, biomass, waste to energy, and combined heat and power applications, catering to industries, such as utilities, pulp and paper, mining, refinery, steel works, and chemicals.
The company was founded in 1869 and is headquartered in Plzen, the Czech Republic. Doosan Skoda Power a.s. operates as a subsidiary of Doosan Power Systems S.A.
Stock analysis
Doosan Skoda Power as (DSPW) currently trades at 398.50 CZK, while our model-based Fair Value estimate is 443.85 CZK, implying the stock looks roughly 10% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 358.61 CZK per share, and 4 of the 26 models we run sit above the 398.50 CZK price.
Bear case: the Asset-Based group reads lowest at 70.30 CZK, and 22 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 314.19 CZK (bear) to 569.38 CZK (bull), the price of 398.50 CZK 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 68/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Doosan Skoda Power as reported revenue of 5.6B CZK in FY2025 versus 3.5B CZK in FY2021, a compound +12.3%/yr. Reported net income was 521M CZK in FY2025, compounding +28.8%/yr from FY2021.
Key figures
Market cap 12.7B CZK (≈ $583M) Small · P/E ratio 23.1 · P/S ratio 2.23 · EPS (TTM) 17.27 CZK · Dividend yield 2.4% · Net margin 9.6% · Return on equity 12.6% · Return on assets (EBIT) 4.9% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 54 out of 100 (low confidence).
What moves the price
The share trades about 25% below its 52-week high and 11% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −46% fair-value upside, at 11%, DSPW screens cheaper than that median.
Fair Value models
Bear314.19 CZKFair Value 443.85 CZKBull569.38 CZK
Price 398.50 CZK · Upside +11.4%
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 (6.42 CZK 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.82/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−4.9%
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.
+11.0%
’21
’22
’23
’24
’25
What shareholders gained per year (last 3 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 3 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.
+22.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+19.9%
Dividend (yield on the price)2.4%
Profit margin 2021 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.4% → 10%
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
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).
+17.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Czechia: IMF forecast 2.2% a year to 2030, 4.5% from 2016 to 2025) that is about +15.1% a year for the price.
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.Specialty Industrial Machinery · 814 stocks
Beats the industry median on 11/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score68 · Top 25%
Fair Value upside+11.4% · Above median
Profitability
Return on equity (12 months)12.6% · Above median
Return on assets6.3% · Above median
Net margin (12 months)9.6% · Above median
Operating margin (12 months)13.4% · Above median
Growth and dividend
Revenue growth (quarter YoY)15.7% · Above median
Dividend yield (12 months)2.4% · Above median
Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper
P/E (12 months)23.1× · Cheaper than median
P/B2.61× · Pricier than median
P/S (12 months)2.23× · Pricier than median
Price / free cash flow (fiscal year)21.6× · Cheaper than median
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). "Doosan Skoda Power as Fair Value". https://www.fairvalue-calculator.com/stock/DSPW
Frequently asked questions
Is Doosan Skoda Power as (DSPW) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of 443.85 CZK versus a price of 398.50 CZK, about +11% upside (undervalued).
What is the fair value of DSPW?
Our model-based fair value for Doosan Skoda Power as is 443.85 CZK (as of Nov 5, 2026), built from audited fundamentals. The current price: 398.50 CZK.
What is the quality score of DSPW?
Doosan Skoda Power as has a Quality Score of 68/100. 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 Doosan Skoda Power as (DSPW)?
Our model-based price target is the fair value of 443.85 CZK (as of Nov 5, 2026) from 26 valuation models. Cautious scenario 314.19 CZK, optimistic scenario 569.38 CZK. It is a calculation from audited fundamentals, not an analyst target.
What is the Doosan Skoda Power as stock forecast for 2026?
Our models put fair value at 443.85 CZK, about +11% upside versus a price of 398.50 CZK (undervalued). Cautious scenario 314.19 CZK, optimistic scenario 569.38 CZK. The calculation is refreshed regularly with new filings.
What is the revenue of Doosan Skoda Power as (DSPW)?
Doosan Skoda Power as reported trailing-twelve-month revenue of about 5.7B CZK (latest available figure, as of Nov 5, 2026).
Does Doosan Skoda Power as pay a dividend?
Doosan Skoda Power as currently shows a dividend yield of 2.45% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Doosan Skoda Power as (DSPW) and when is the ex-dividend date?
Doosan Skoda Power as pays a dividend of 9.76 CZK per share a year, a dividend yield of 2.4%. The last ex-dividend date was Jul 3, 2026. The payout ratio is 56.5% of earnings. Free cash flow covers the dividend 1.89 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 Doosan Skoda Power as (DSPW)?
For today's price to be fair in a discounted-cash-flow model, Doosan Skoda Power as would have to grow free cash flow by +17.6 % per year for five years (discount rate 14.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +12.3 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of DSPW use?
Our models discount Doosan Skoda Power as at 14.0 %: a base by market capitalisation (small), country premium for Czechia. 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 Doosan Skoda Power as that is +17.6 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (14.0 %) and the same formula as our fair value.
How much growth has Doosan Skoda Power as (DSPW) delivered so far?
Over the past 4 years revenue at Doosan Skoda Power as grew +12.3 % a year. The price currently implies free-cash-flow growth of +17.6 % 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 Doosan Skoda Power as (DSPW) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Doosan Skoda Power as (+17.6 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Doosan Skoda Power as (DSPW)?
The free-cash-flow yield on the price is 4.62 %: that much free cash flow Doosan Skoda Power as produces per unit of market value. When it exceeds the discount rate of our models (14.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Doosan Skoda Power as (DSPW)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Doosan Skoda Power as it is 443.85 CZK per share (as of Nov 5, 2026), against a price of 398.50 CZK. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Doosan Skoda Power as stock overvalued or undervalued in 2026?
As of Nov 5, 2026, DSPW trades below its calculated fair value: price 398.50 CZK, fair value 443.85 CZK, a gap of about +11% (undervalued). 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 DSPW?
No. The price is what the market pays today (398.50 CZK); the fair value is what the company's own numbers justify (443.85 CZK). For Doosan Skoda Power as the two are 45.35 CZK per share apart. That gap is exactly why we show both numbers side by side.
How much is Doosan Skoda Power as worth?
The market values Doosan Skoda Power as at about 12.7B CZK (market capitalisation, as of Nov 5, 2026). Per share that is 398.50 CZK; our models calculate a fair value of 443.85 CZK per share.
What do the bullish and bearish scenarios say about DSPW?
Our models span a range for Doosan Skoda Power as: cautious scenario 314.19 CZK, base 443.85 CZK, optimistic 569.38 CZK per share (as of Nov 5, 2026, price 398.50 CZK). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of DSPW?
Doosan Skoda Power as trades at a price-to-earnings ratio of 23.1 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 443.85 CZK is built from several models across several years. Other multiples: P/B 2.6, P/S 2.2, EV/EBITDA 13.0.
How solid is the balance sheet of Doosan Skoda Power as (DSPW)?
Balance-sheet figures for Doosan Skoda Power as (as of Nov 5, 2026): return on equity 12.6%. They feed the Quality Score of 68/100, which measures business quality independently of the share price.
How far is DSPW from its 52-week high?
Doosan Skoda Power as trades at 398.50 CZK, about 25% below its 52-week high of 532.31 CZK and 11% above the low of 359.92 CZK (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 443.85 CZK is for.
Which stocks are comparable to Doosan Skoda Power as?
From the same area (Industrials) we also value SIE, GE Vernova Inc, Eaton Corporation, Parker-Hannifin Corporation, 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 Doosan Skoda Power as stock attractive at the current price?
The data as of Nov 5, 2026: price 398.50 CZK, calculated fair value 443.85 CZK (+11%), Quality Score 68/100, from 26 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 DSPW calculated?
We run Doosan Skoda Power as through 26 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 443.85 CZK 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. Doosan Skoda Power as currently trades 10% below its own fair value, and the market average says nothing about that. 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 Doosan Skoda Power as (DSPW)?
The closing price on Nov 6, 2026 was 398.50 CZK. Our model-based fair value is 443.85 CZK, about +11% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Doosan Skoda Power as right now?
A fairly wide model range (314.19 CZK to 569.38 CZK) leaves room in how you read the outcome. The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Key figures of Doosan Skoda Power as
How large is the market capitalisation of Doosan Skoda Power as (DSPW)?
The market capitalisation of Doosan Skoda Power as is 12.7B CZK (≈ $583M). 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 Doosan Skoda Power as (DSPW)?
The price-to-sales ratio of Doosan Skoda Power as is 2.23 (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 Doosan Skoda Power as (DSPW)?
Earnings per share at Doosan Skoda Power as are 17.27 CZK (price ÷ EPS = P/E 23.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Doosan Skoda Power as (DSPW)?
The dividend yield of Doosan Skoda Power as is 2.4% (payout 56.5%). 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 Doosan Skoda Power as (DSPW)?
The net margin of Doosan Skoda Power as is 9.6% (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 Doosan Skoda Power as (DSPW)?
The return on equity (ROE) of Doosan Skoda Power as 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 Doosan Skoda Power as (DSPW)?
On an EBIT basis the return on assets of Doosan Skoda Power as is 4.9% (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 Doosan Skoda Power as (DSPW)?
The operating margin of Doosan Skoda Power as is 13.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Doosan Skoda Power as (DSPW)?
Revenue at Doosan Skoda Power as is growing +15.7% versus a year earlier (3y avg +11.0%). 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 Doosan Skoda Power as (DSPW)?
Earnings per share at Doosan Skoda Power as are growing +11.4% versus a year earlier. How much earnings per share grew versus a year earlier.
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Broad data
Nov 5, 2026