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DTB Fair Value & Analysis

Utilities · US · Market cap $26.6B

D DTB logo DTB DTB · US
Price$16.35
Fair Value$14.82
Upside-9.4%
Quality48/100
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Expensive Growth
Thin margins · 0.0% net margin
Moderate debt · negative free cash flow
6.25% dividend yield
Trails peers (3/11)
Moderate moat 60/100
Evidence: Medium Range $10.37 – $19.18 Share as image

Fair value as of: Jul 9, 2026

From 13 valuation models · updated 29 days ago

Fair value updated Jul 9, 2026, revised from $15.26 to $14.82 (−2.9%) since Jun 24, 2026. Share price −1.0% over the past month.

Below-average quality, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range ($10.37 to $19.18) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

$20.25 $13.45 Fair Value $14.82 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 9, 2026.

How to read this chart

60‑month range $13.45 – $20.25 · fair‑value band $10.37 – $19.18 · the $16.35 price screens above the $14.82 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 9, 2026.

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Analysis

DTB (DTB) currently trades at $16.35, while our model-based Fair Value estimate is $14.82, implying the stock looks roughly 9.4% fairly valued today. We read business quality at 48/100 (below-average quality), in the Utilities 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: medium).

It earns a return on equity of 7.5%. Net debt stands at $26.3B. Fundamentals as of Jul 9, 2026

Our scenario range runs from $10.37 (bear case) to $19.18 (bull case); at $16.35, 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 11% below its 52-week high and 6% above its 52-week low, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at -27% fair-value upside, at -9%, DTB 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
Residual Income $6.99 $8.24 $16.30 76
ROIC Compounder $0.5800 $2.38 $3.96 72
Growth-Adj P/E $10.33 $14.76 $19.19 68
All 13 models by family
Earnings-Based
Graham-Dodd $6.12 $14.79 $19.11 54
PEG = 1.0 $2.62 $3.74 $4.86 46
EPV $0.5800 $2.38 $3.96 59
Multiples
P/E Multiple $13.49 $17.99 $22.48 63
P/S Multiple $11.47 $15.29 $19.11 58
P/B Multiple $11.47 $15.29 $19.11 55
EV/EBIT $6.80 $12.47 $18.15 53
EV/EBITDA $13.51 $21.43 $29.34 54
EV/Revenue $1.25 $6.17 $11.09 43
Asset-Based
NCAV (Graham) $3.78 $5.07 $7.57 50
Economic Profit
Residual Income $6.99 $8.24 $16.30 76
ROIC Compounder $0.5800 $2.38 $3.96 72
Growth Earnings
Growth-Adj P/E $10.33 $14.76 $19.19 68

Widest divergence: Multiples ($15.29) versus Economic Profit ($2.38). Highest evidence: Residual Income (76).

Key figures & financial health

Return on equity 7.5%
Free cash flow −$1.0B FY2025
Dividend yield 6.3%
Net debt $26.3B FY2025

Figures from reported company fundamentals · as of Jul 9, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 48/100

Of which business quality 38 · Market factors (momentum, volatility) 56

Profitability 29
Margins and returns on capital today
Quality Growth 41
Are margins and returns improving?
Cashflow 45
Earnings quality: real cash, not paper profit
Fin. Strength 14
Balance sheet, leverage, solvency risk
Investment 43
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 38
Price trend over the last 3–12 months (market factor)
52W Momentum 37
Distance to the 52-week high (market factor)
Net Issuance 72
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.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

DTB reported revenue of $15.3B in FY2025 versus $15.0B in FY2021, a compound +0.5%/yr. Reported net income was $1.5B in FY2025, compounding +12.7%/yr from FY2021.

Growth Quality 33/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
$15.3B
Latest YoY
+22.7%
Avg. growth/yr (3Y)
−7.4%
Avg. growth/yr (5Y)
+5.8%
Avg. growth/yr (24Y)
+3.4%
Revenue +0.5%/yr
FY21 $15.0B
FY22 $19.2B
FY23 $12.7B
FY24 $12.5B
FY25 $15.3B
Net income +12.7%/yr
FY21 $907M
FY22 $1.1B
FY23 $1.4B
FY24 $1.4B
FY25 $1.5B

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Cite: Fair Value Calculator (2026). "DTB Fair Value". https://www.fairvalue-calculator.com/stock/DTB

Peer Group

Utilities · 668 stocks

How this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Multi-Utilities” was too small, so the broader sector is used.)

Quality Score 48 · Below median
Fair Value upside −9% · Above median
Return on equity (TTM) 8% · Below median
Return on assets 0% · Bottom 25%
Net margin (TTM) 0% · Bottom 25%
Operating margin (TTM) 0% · Bottom 25%
Revenue growth 0% · Above median
Dividend yield (TTM) 6.3% · Top 25%
Debt / equity 1.37× · Higher than 75% of peers

Valuation Multiples vs Utilities median · lower = cheaper

P/B 2.16× · Pricier than median
EV/EBITDA 10.9× · Pricier than median

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 21 · sector 15
FUTURE 0 · sector 0
PAST 30 · sector 32
HEALTH 31 · sector 66
DIVIDEND 100 · sector 58

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 Multi-Utilities stocks, each showing price versus our Fair Value estimate (as of Jul 9, 2026).

Stock Price Fair Value vs Fair Value
China Yangtze Power Co 600900 ¥27.99 ¥25.13 -10%
National Grid plc NGG 61,175 ARS 44,377 ARS -27%
E.ON SE EON 6,828 HUF 4,049 HUF -41%
Adani Power Limited ADANIPOWER ₹218.45 ₹75.57 -65%
NTPC Limited NTPC ₹341.85 ₹377.16 +10%
Gulf Development Public Company GULF 67.50 THB 40.44 THB -40%
Power Grid Corporation POWERGRID ₹283.55 ₹252.77 -11%
Adani Green Energy Limited ADANIGREEN ₹1,537 ₹170.50 -89%
Adani Energy Solutions Limited ADANIENSOL ₹1,730 ₹342.02 -80%
Korea Electric Power Corporation 015760 36,200 KRW 135,125 KRW +273%

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Frequently asked questions

Is DTB overvalued or undervalued?
As of Jul 9, 2026, our model estimates a fair value of $14.82 versus a price of $16.35, about −9% (fairly valued).
What is the fair value of DTB?
Our model-based fair value for DTB is $14.82 (as of Jul 9, 2026), built from audited fundamentals. The current price is $16.35.
What is the quality score of DTB?
DTB has a Quality Score of 48/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the net profit margin of DTB?
The net profit margin of DTB is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.
Does DTB pay a dividend?
DTB currently shows a dividend yield of about 6.25% relative to its recent price (as of Jul 9, 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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