Dom Development S.A.

DOM.WA · Real Estate · Real Estate - Development · Valued as of 2026-11-03 · Statements 2025-12-31

How Each Value Is Built

The screener's three formulas on the reported figures. Each card reads the same way: the value as a sum of numbered terms, each term's calculation opened under it, from the reported figures to the value. The list ranks companies by their plain average over the market cap.

What it is worth

EPV + Growth

3.37B USD

what the normal year's earnings are worth for ever, plus growth that pays

Profit

3.36B USD

15 years of cash the shareholders can take out, and the equity left at year 15

FCFF

550.86M USD

15 years of cash for shareholders and lenders, less what is owed

Average Intrinsic Value

2.43B USD

The plain average of EPV, Profit and FCFF

Against the price

Market Cap

1.46B USD

the price on the date above times the shares

Intrinsic Value ÷ Market Cap

1.66×

the ratio the screener ranks by

Margin of Safety

+39.9%

1 − Market Cap / Average Intrinsic Value

Projections, not exact values. Intrinsic Values are projected from each company's past reports. They show which stocks look cheap compared with the others, not exactly what a stock is worth.

Earnings power value plus growth: 3.37B USD
What the normal year's operating profit after tax is worth if it lasts for ever, plus what the new investment adds beyond its cost, less the net debt that comes before the shareholders (or plus the net cash).
①EPV (earnings power value)2.84B USD
−②Net Debt Today203.85M USD
+③Growth Value738.35M USD
=Value3.37B USD

EPV of the Operations (NOPAT over WACC)

2.84B USD

Net debt today

-203.85M USD

Growth Value

+738.35M USD

Value

3.37B USD

①EPV (Earnings Power Value)

2.84B USD

②Net Debt Today

203.85M USD

③Growth Value

738.35M USD

Market value

Market Cap1.46B USD

The price on the date above times the shares.

Value vs market

Margin of Safety+56.7%

1 minus the market cap as a share of the value.

Profit value: today's value of the shareholders' equity, from the cash it can pay them (FCFE): 3.36B USD
Fifteen years of free cash flow to equity (FCFE), each brought to today at the cost of equity, plus the equity at year 15 brought to today.
①Present Value of the 15 Years of FCFE2.42B USD
+②Equity at Year 15, Today942.05M USD
=Value3.36B USD
FCFE: the net income left for the shareholders once the business keeps what next year's growth needsEquity reinvestment: the part of the year's net income kept in the business to grow the next year; below zero, capital the business releases to the shareholdersPresent value of the FCFEColoured bars show the FCFE, grey bars the equity reinvestment. With a positive equity reinvestment the two stacked are the year's normalized income; with a negative one the grey is below zero, capital the business releases, and the normalized income is the FCFE plus that negative amount. Shaded, years 6 to 10: the growth falling to its long-run rate and the ROE on new investment falling to the cost of equity. Axes linear.

①Present Value of the 15 Years of FCFE

2.42B USD

②Equity at Year 15, Today

942.05M USD

Market value

Market Cap1.46B USD

The price on the date above times the shares.

Value vs market

Margin of Safety+56.5%

1 minus the market cap as a share of the value.

FCFF value: today's value of the shareholders' equity, from the cash the firm can pay its shareholders and lenders (FCFF): 550.86M USD
Fifteen years of free cash flow to the firm (FCFF), each brought to today at the WACC, plus the invested capital at year 15 brought to today, less the net debt today (or plus the net cash).

The projection was not made (a change in working capital above half the operating profit in the latest three years), so the value is the book value today, 550.86M USD, as the screener leaves it.

①Present Value of the 15 Years of FCFF

Not in the value

②Invested Capital at Year 15, Today

Not in the value

③Net Debt Today

Not in the value

Market value

Market Cap1.46B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-165.1%

1 minus the market cap as a share of the value.

The Rates and the Capital the Values Read

The WACC and the cost of equity each value is discounted at, the book value and the net debt each starts from, and the seven quality metrics, from the same run.

WACC: 5.79%
Cost of Equity =Risk-Free Rate 4.50%+Beta 0.38×Market Risk Premium 6.00%= 6.79%

The yearly return the shareholders require for the risk they carry; it is the rate that brings their future cash to today.

Tax Rate for WACC =Tax Provision 43.47M USDPretax Income 225.77M USD= 19.25%

The tax the interest saves.

Interest Expense =EBIT 226.58M USD−Pretax Income 225.77M USD= 809.04K USD

The interest the company paid: EBIT is the profit before tax plus the interest.

Cost of Debt =Interest Expense 809.04K USDTotal Debt 263.53M USD×(1 − Tax Rate for WACC 19.25%)= 0.25%

What the lenders are paid a year after the tax the interest saves.

Debt Weight =Total Debt 263.53M USDMarket Cap + Total Debt 1.46B USD + 263.53M USD= 15.29%

The part of the capital the lenders put in, at market value.

WACC =Equity Weight 84.71%×Cost of Equity 6.79%+Debt Weight 15.29%×Cost of Debt 0.25%= 5.79%

Weighted average cost of capital: the yearly return the shareholders and the lenders together require, weighted by what each puts in; the rate that brings the firm's future cash to today.

Book value and net debt today
Both from the balance sheet of the newest quarter, 2026-06-30.

Total Assets 1.72B USD − Total Liabilities 1.17B USD = Book Value Today 550.86M USD

Total Debt 263.53M USD − Cash and Short-Term Investments 59.68M USD = Net Debt Today 203.85M USD

The book value is what Profit starts from and what stands when a projection is not made; the book value plus the net debt is what FCFF starts from; the net debt comes off Greenwald's and FCFF's values before the shareholders.

Quality metrics
Read beside the value, never a condition for it: every company is valued, and a filter in the list is the reader's choice.
MetricFrom
Share dilutionShares Today ÷ Shares Two Years Back − 10.4%at most 5%passes25,798,422 / 25,698,422
Accrual quality(Operating Cash Flow − Net Income) ÷ Total Assets-7.1%at least -10.0%passes(59.38M USD − 182.31M USD) ÷ 1.72B USD
Price to bookMarket Cap ÷ Book Value Today2.65×at most 3×passes1.46B USD ÷ 550.86M USD
Operating marginOperating Income ÷ Revenue24.7%above 10.0%passes223.79M USD ÷ 907.30M USD
Revenue growthRevenue ÷ Revenue a Year Before − 117.5%above 10.0%passes907.30M USD / 772.17M USD
Net cash(Cash − Total Debt) ÷ Market Cap-14.0%above -30%passes(59.68M USD − 263.53M USD) ÷ 1.46B USD
Operating efficiencyOperating Income ÷ Gross Profit71.6%above 25.0%passes223.79M USD ÷ 312.45M USD

Market Data

The provider's ratios and the analysts' consensus beside the argument; none of them enters a value.

Share price

222.22 PLN

Enterprise value

6.50B PLN

the provider's own figure

EV / EBITDA

7.83×

Price / book

2.77×

the provider's book

Price / earnings

8.58×

Return on equity

34.8%

the provider's figure, not this page's

Profit margin

18.9%

Revenue growth

8.7%

Analyst target, mean

293.44 PLN

Analysts

7

opinions in the consensus

Financial Statements

The annual lines the screener holds, year by year, in USD at each period's rate; the figures this valuation read are in its calculation above.

Income statement (USD)2022202320242025

Revenue

552.31M651.98M772.17M907.30M

Gross profit

172.54M208.37M248.40M312.45M

Operating income

116.37M144.83M170.69M223.79M

EBITDA

operating income before depreciation and amortisation

121.60M152.45M178.80M234.04M

Pretax income

117.03M146.55M172.18M225.77M

Net income

93.66M117.66M138.70M182.31M

Normalized income

net income without one-off items, as the data provider prints it; Profit's line when printed

95.40M119.64M139.57M183.75M

R&D

————
Balance sheet, year end (USD)2022202320242025

Total assets

938.73M1.17B1.29B1.67B

Total liabilities

616.09M796.03M874.17M1.11B

Shareholders' equity

the equity the parent's shareholders own, as printed, without minority interest; the book value the values read is total assets less total liabilities, in Book Value and Net Debt above

322.63M370.55M414.74M554.11M

Total debt

109.23M167.13M179.14M235.89M

Cash and equivalents

69.46M73.19M87.95M74.88M

Net PP&E

fixed assets after depreciation

10.76M15.89M16.27M26.78M

Working capital

current assets less current liabilities

383.15M506.91M550.99M721.89M
Cash flow (USD)2022202320242025

Operating cash flow

46.48M68.44M92.24M59.38M

Capital expenditure

paid out, so below zero

-6.70M-4.42M-5.25M-6.82M

Depreciation and amortisation

3.77M5.29M6.03M7.46M

Free cash flow

operating cash flow plus capital expenditure

39.78M64.02M87.00M52.57M