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Dom Development S.A (DOM) Fair Value & Analysis

Real Estate · PL · Market cap 6.6B PLN

DD Dom Development S.A DOM · WAR
Price250.00 PLN
Fair Value431.08 PLN
Upside+72.4%
Quality61/100
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Expensive Growth
Solidly profitable · 19.7% net margin
Low debt · generates free cash flow
5.50% dividend yield
Ranks above peers (12/15)
Wide moat 76/100
Evidence: High Range 216.30 PLN – 538.85 PLN Share as image

Fair value as of: Jul 17, 2026

From 16 valuation models · updated 24 days ago

Share price −2.0% over the past month.

A solid business, screening 72% undervalued on our models.

What matters now

  • Solid quality (61/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (216.30 PLN to 538.85 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.
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Price vs Fair Value (5 years)

272.25 PLN 56.01 PLN Fair Value 431.08 PLN Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range 56.01 PLN – 272.25 PLN · fair‑value band 216.30 PLN – 538.85 PLN · the 250.00 PLN price screens below the 431.08 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

Dom Development S.A (DOM) currently trades at 250.00 PLN, while our model-based Fair Value estimate is 431.08 PLN, implying the stock looks roughly 72.4% undervalued today. The Quality Score stands at 61/100 (solid quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Dom Development S.A generated revenue of 3.5B PLN at a net margin of 19.7%. Revenue grew 29.5% year over year. It earns a return on equity of 34.1%. Net debt stands at 429M PLN. Fundamentals as of Jul 17, 2026

Our scenario range runs from 216.30 PLN (bear case) to 538.85 PLN (bull case); at 250.00 PLN, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 12% below its 52-week high and 17% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 32% fair-value upside, at 72%, DOM screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF 77.26 PLN 141.27 PLN 244.95 PLN 80
Residual Income 156.25 PLN 199.60 PLN 999.93 PLN 76
Rev-Margin DCF 205.03 PLN 402.66 PLN 659.38 PLN 74
All 16 models by family
DCF Models
FCF DCF 78.33 PLN 149.51 PLN 269.78 PLN 38
5Y Revenue Exit 205.03 PLN 412.04 PLN 701.20 PLN 39
5Y EBITDA Exit 270.74 PLN 548.46 PLN 905.03 PLN 41
10Y Revenue Exit 150.47 PLN 330.02 PLN 619.20 PLN 36
10Y EBITDA Exit 202.55 PLN 428.13 PLN 787.12 PLN 37
Dividend Discount
Gordon GGM 122.96 PLN 245.00 PLN 371.00 PLN 70
DDM Multi-Stage 122.96 PLN 211.73 PLN 258.61 PLN 61
Multiples
P/S Multiple 323.31 PLN 431.08 PLN 538.85 PLN 58
P/B Multiple 115.60 PLN 154.14 PLN 192.67 PLN 55
EV/EBIT 501.62 PLN 672.81 PLN 844.01 PLN 53
EV/EBITDA 398.12 PLN 534.82 PLN 671.52 PLN 54
EV/Revenue 271.28 PLN 392.67 PLN 514.07 PLN 43
Asset-Based
NCAV (Graham) 38.53 PLN 51.64 PLN 77.07 PLN 50
Growth DCF
Growth DCF 77.26 PLN 141.27 PLN 244.95 PLN 80
Rev-Margin DCF 205.03 PLN 402.66 PLN 659.38 PLN 74
Economic Profit
Residual Income 156.25 PLN 199.60 PLN 999.93 PLN 76

Widest divergence: Multiples (431.08 PLN) versus Asset-Based (51.64 PLN). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 3.5B PLN
Revenue growth (YoY) +29.5%
Net margin 19.7%
Return on equity 34.1%
Free cash flow 189M PLN FY2025
P/E ratio 9.2
More key figures
Operating margin 23.3%
EPS (TTM) 26.59 PLN
Dividend yield 5.7%
EPS growth (YoY) +21.3%
Net debt 429M PLN FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 61/100

Of which business quality 58 · Market factors (momentum, volatility) 59

Profitability 64
Margins and returns on capital today
Quality Growth 50
Are margins and returns improving?
Cashflow 40
Earnings quality: real cash, not paper profit
Fin. Strength 60
Balance sheet, leverage, solvency risk
Investment 58
Disciplined investing over empire-building
Low Volatility 89
Calm price path (market factor)
Momentum 42
Price trend over the last 3–12 months (market factor)
52W Momentum 54
Distance to the 52-week high (market factor)
Net Issuance 80
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

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. It is also involved in marketing, sales, customer service, and design and construction management of real estate properties.

Full company description

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. 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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

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.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
3.3B PLN
Latest YoY
+2.8%
Avg. growth/yr (3Y)
+10.4%
Avg. growth/yr (5Y)
+12.4%
Avg. growth/yr (19Y)
+8.2%
Revenue +14.4%/yr
FY21 1.9B PLN
FY22 2.4B PLN
FY23 2.6B PLN
FY24 3.2B PLN
FY25 3.3B PLN
Net income +18.9%/yr
FY21 327M PLN
FY22 410M PLN
FY23 460M PLN
FY24 569M PLN
FY25 654M PLN

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Cite: Fair Value Calculator (2026). "Dom Development S.A Fair Value". https://www.fairvalue-calculator.com/stock/DOM

Peer Group

Real Estate - Development · 588 stocks

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.

Quality Score 61 · Top 25%
Fair Value upside +72% · Above median
Return on equity (TTM) 34% · Top 25%
Return on assets 9% · Top 25%
Net margin (TTM) 20% · Top 25%
Operating margin (TTM) 23% · Above median
Revenue growth 30% · Above median
Dividend yield (TTM) 5.5% · Top 25%
Debt / equity 0.29× · Lower than median

Valuation Multiples vs Real Estate - Development median · lower = cheaper

P/E (TTM) 9.7× · Cheaper than median
P/B 0.90× · Pricier than median
P/S (TTM) 0.51× · Cheaper than median
P/FCF 9.4× · Pricier than 75% of peers
EV/EBITDA 2.5× · Cheaper than 75% of peers
PEG 8.17× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 48
FUTURE 100 · sector 0
PAST 100 · sector 10
HEALTH 86 · sector 84
DIVIDEND 100 · sector 38

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
DLF Limited DLF ₹657.75 ₹159.49 -76%
Lodha Developers Limited LODHA ₹1,188 ₹583.43 -51%
PT Pantai Indah Kapuk Dua Tbk, PANI 6,125 IDR 1,330 IDR -78%
Oberoi Realty Limited OBEROIRLTY ₹1,925 ₹1,183 -39%
Godrej Properties Limited GODREJPROP ₹2,102 ₹1,044 -50%
PT Jaya Real Property, Tbk., JRPT 1,080 IDR 1,674 IDR +55%
PT Bumi Serpong Damai Tbk, BSDE 555.00 IDR 1,388 IDR +150%
PT Sentul City Tbk, BKSL 64.00 IDR 84.16 IDR +32%
PT Ciputra Development Tbk, CTRA 555.00 IDR 1,388 IDR +150%
PT Duta Pertiwi Tbk DUTI 4,100 IDR 6,239 IDR +52%

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Frequently asked questions

Is Dom Development S.A (DOM) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of 431.08 PLN versus a price of 250.00 PLN, about +72% (undervalued).
What is the fair value of DOM?
Our model-based fair value for Dom Development S.A is 431.08 PLN (as of Jul 17, 2026), built from audited fundamentals. The current price is 250.00 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 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 Jul 17, 2026).
What is the net profit margin of DOM?
The net profit margin of Dom Development S.A is about 19.7%, meaning it keeps roughly 19.7% of revenue as net income. Based on the latest reported figures.
Does Dom Development S.A pay a dividend?
Dom Development S.A currently shows a dividend yield of about 5.65% relative to its recent price (as of Jul 17, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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