Doosan Skoda Power as (DSPW) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Doosan Skoda Power as CZK 535, price CZK 487, upside +10.0%, quality 67 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
20‑month range 261.14 CZK – 532.31 CZK · fair‑value band 378.82 CZK – 686.50 CZK · the 486.50 CZK price screens below the 535.15 CZK fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 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. The company provides installation, maintenance, repair, and overhaul services, as well as long-term service agreements.
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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. 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 486.50 CZK, while our model-based Fair Value estimate is 535.15 CZK, implying the stock looks roughly 9.1% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 380.99 CZK per share, and 1 of the 24 models we run sit above the 486.50 CZK price.
Bear case: the Asset-Based group reads lowest at 102.30 CZK, and 23 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: 378.82 CZK (bear) to 686.50 CZK (bull), the price of 486.50 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 67/100 (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 15.5B CZK (≈ $723M) · P/E ratio 29.5 · P/S ratio 2.73 · EPS (TTM) 16.48 CZK · Dividend yield 1.9% · Net margin 9.3% · Return on equity 11.5% · Return on assets (EBIT) 4.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 53 out of 100 (low confidence).
What moves the price
The share trades about 9% below its 52-week high and 35% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −50% fair-value upside, at 10%, DSPW screens cheaper than that median.
Fair Value models
Bear 378.82 CZKFair Value 535.15 CZKBull 686.50 CZK
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (12.06 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.Evidence ⓘEvidence = 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.77/100
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.
+21.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+19.9%
Dividend (yield on the price)1.9%
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 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).
+22.4%
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.
+14.3%
Yearly sales growth analysts expect, extended to five years.
After inflation (Czechia: IMF forecast 2.2% a year to 2030, 4.5% from 2016 to 2025) that is about +19.7% a year for the price and +11.8% 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.Specialty Industrial Machinery · 826 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score67 · Top 25%
Fair Value upside+10% · Top 25%
Profitability
Return on equity (TTM)12% · Above median
Return on assets6% · Above median
Net margin (TTM)10% · Above median
Operating margin (TTM)1% · Bottom 25%
Growth and dividend
Revenue growth−16% · Bottom 25%
Dividend yield (TTM)1.9% · Above median
Valuation Multiplesvs Specialty Industrial Machinery 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). "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 Sep 24, 2026, our model estimates a fair value of 535.15 CZK versus a price of 486.50 CZK, about +10% upside (undervalued).
What is the fair value of DSPW?
Our model-based fair value for Doosan Skoda Power as is 535.15 CZK (as of Sep 24, 2026), built from audited fundamentals. The current price: 486.50 CZK.
What is the quality score of DSPW?
Doosan Skoda Power as has a Quality Score of 67/100. 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 535.15 CZK (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 378.82 CZK, optimistic scenario 686.50 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 535.15 CZK, about +10% upside versus a price of 486.50 CZK (undervalued). Cautious scenario 378.82 CZK, optimistic scenario 686.50 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 5.5B CZK (latest available figure, as of Sep 24, 2026).
Does Doosan Skoda Power as pay a dividend?
Doosan Skoda Power as currently shows a dividend yield of about 1.94% relative to its recent price (as of Sep 24, 2026).
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 +22.4 % 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 Sep 24, 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 +22.4 % per year a year over ten years, 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 +22.4 % per year free-cash-flow growth a 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 +4.7 % a year. That is the yardstick for the growth priced into Doosan Skoda Power as (+22.4 % per year a 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 3.79 %: 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 535.15 CZK per share (as of Sep 24, 2026), against a price of 486.50 CZK. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Doosan Skoda Power as stock overvalued or undervalued in 2026?
As of Sep 24, 2026, DSPW trades below its calculated fair value: price 486.50 CZK, fair value 535.15 CZK, a gap of about +10% (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 (486.50 CZK); the fair value is what the company's own numbers justify (535.15 CZK). For Doosan Skoda Power as the two are 48.65 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 15.5B CZK (market capitalisation, as of Sep 24, 2026). Per share that is 486.50 CZK; our models calculate a fair value of 535.15 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 378.82 CZK, base 535.15 CZK, optimistic 686.50 CZK per share (as of Sep 24, 2026, price 486.50 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 29.5 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 535.15 CZK is built from several models across several years. Other multiples: P/B 3.2, P/S 2.8, EV/EBITDA 16.5.
How solid is the balance sheet of Doosan Skoda Power as (DSPW)?
Balance-sheet figures for Doosan Skoda Power as (as of Sep 24, 2026): return on equity 11.5%. They feed the Quality Score of 67/100, which measures business quality independently of the share price.
How far is DSPW from its 52-week high?
Doosan Skoda Power as trades at 486.50 CZK, about 9% below its 52-week high of 532.31 CZK and 35% above the low of 359.92 CZK (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 535.15 CZK is for.
Which stocks are comparable to Doosan Skoda Power as?
From the same area (Industrials) we also value GE Vernova Inc, SIE, 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 Sep 24, 2026: price 486.50 CZK, calculated fair value 535.15 CZK (+10%), Quality Score 67/100, 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 DSPW calculated?
We run Doosan Skoda Power as through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 535.15 CZK, 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 14.1 % 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 Sep 23, 2026 was 486.50 CZK. Our model-based fair value is 535.15 CZK, about +10% 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 (378.82 CZK to 686.50 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 15.5B CZK (≈ $723M). 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 2.73 (P/E × margin). 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 16.48 CZK (price ÷ EPS = P/E 29.5). 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 1.9% (payout 57.2%). 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 9.3% (fiscal year 2025). 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 11.5% (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 1.1% (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 −15.9% 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 −87.8% versus a year earlier. How much earnings per share grew versus a year earlier.
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