Doosan "koda Power a.s. (DSPW) Fair Value & Analysis
Industrials · CZ · Market cap 16.1B CZK
Fair value as of: Jul 15, 2026
From 24 valuation models · updated 26 days ago
Share price +2.1% over the past month.
A solid business, but screening 32% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (429.08 CZK). The favourable scenario is already priced in.
- Solid but not exceptional quality (67/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (18 months)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.
How to read this chart
18‑month range 261.14 CZK – 532.31 CZK · fair‑value band 257.45 CZK – 429.08 CZK · the 503.00 CZK price screens above the 343.26 CZK fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 15, 2026.
Analysis
Doosan "koda Power a.s. (DSPW) currently trades at 503.00 CZK, while our model-based Fair Value estimate is 343.26 CZK, implying the stock looks roughly 31.8% overvalued today. The Quality Score stands at 67/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, Doosan "koda Power a.s. generated revenue of 5.5B CZK at a net margin of 9.7%. Revenue declined 15.9% year over year. It earns a return on equity of 11.5%. The stock trades on a trailing P/E of 30.6. Fundamentals as of Jul 15, 2026
Our scenario range runs from 257.45 CZK (bear case) to 429.08 CZK (bull case); at 503.00 CZK, the current price sits above 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 2% below its 52-week high and 57% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -32%, DSPW 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.
All 24 models by family
Widest divergence: DCF Models (440.96 CZK) versus Asset-Based (102.30 CZK). Highest evidence: Residual Income (76).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 66 · Market factors (momentum, volatility) 83
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
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. The company provides installation, maintenance, repair, and overhaul services, as well as long-term service agreements.
Full company description
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. 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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Doosan "koda Power a.s. 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.
DSPW screens 32% overvalued. Compare with GE Vernova Inc →
Peer Group
Specialty Industrial Machinery · 809 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.
Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper
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 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| GE Vernova Inc 1GEV | €887.60 | €186.93 | -79% |
| 1SIE 1SIE | €273.20 | €91.93 | -66% |
| SMNS SMNS | C$31.76 | C$22.68 | -29% |
| Eaton Corporation ETN | $407.28 | $171.92 | -58% |
| Atlas Copco AB ATCOA | kr 195.15 | kr 112.59 | -42% |
| Sandvik AB SAND | kr 384.10 | kr 193.01 | -50% |
| Doosan Enerbility Co 034020 | 76,400 KRW | 7,938 KRW | -90% |
| Vestas Wind Systems A/S VWS | kr 178.10 | kr 124.54 | -30% |
| Zhejiang Sanhua Intelligent Controls Co 002050 | ¥43.20 | ¥22.68 | -48% |
| NARI Technology Co 600406 | ¥22.19 | ¥18.71 | -16% |
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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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