Doosan Skoda Power stock: fair value
DSPW.PRThe fair value of Doosan Skoda Power under our model is $15.93, the price is 10% above.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Fairly valuedIn our model the price counts as cheap below $12.25 and expensive above $22.76 (uncertainty medium, based on the price swings of the past year).
The two parts of the fair value come to $13.22 (cash-flow model) and $18.64 (industry comparison), and the gap between them shows how uncertain the estimate is.
Calculated with a cost of equity of 9.2%. At 10.2% the fair value would be $14.86, at 8.2% it would be $17.54.
Where the number comes from
Half from the cash-flow model, half from earnings times the industry P/E (23.8).
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 4.2%. Discounted at 9.2% (floor: government bond yield 4.2% plus 5 percentage points, since beta 0.94 times the risk premium would give less); no analyst estimates were available.
Calculate with your own assumptionsThe calculation step by step
With these figures the cash flow model arrives at $13.22 per share: free cash flow for the next ten years, each year discounted to today at 9.2%, plus the terminal value for the years after. The table explains the calculation; it is not a recommendation.
Calculation as a table
| Year | Free cash flow | Source | Discount factor | Present value (discounted at 9.2%) |
|---|---|---|---|---|
| 2026 | $25.89M | extrapolated at −6.6% | 0.9158 | $23.71M |
| 2027 | $25.03M | extrapolated at −3.4% | 0.8386 | $20.99M |
| 2028 | $24.75M | extrapolated at −1.1% | 0.7679 | $19.01M |
| 2029 | $24.88M | extrapolated at 0.5% | 0.7032 | $17.5M |
| 2030 | $25.28M | extrapolated at 1.6% | 0.6440 | $16.28M |
| 2031 | $25.88M | extrapolated at 2.4% | 0.5897 | $15.26M |
| 2032 | $26.64M | extrapolated at 2.9% | 0.5401 | $14.39M |
| 2033 | $27.52M | extrapolated at 3.3% | 0.4946 | $13.61M |
| 2034 | $28.51M | extrapolated at 3.6% | 0.4529 | $12.91M |
| 2035 | $29.58M | extrapolated at 3.8% | 0.4147 | $12.27M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $165.92M |
| Terminal value: cash flow 2035 × (1 + 4.2%) / (9.2% − 4.2%) | $616.47M |
| Present value of terminal value (× 0.4147) | $255.67M |
| Equity value (sum plus present value of terminal value) | $421.6M |
| Shares (diluted) | 31.90M |
| Value per share (equity value divided by shares) | $13.22 |
| Earnings per share, last twelve months | $0.78 |
| × 23.8 (industry P/E) | $18.64 |
| Fair value (average of both parts) | $15.93 |
The model uses free cash flow after interest, which belongs to shareholders, discounted at the cost of equity. Net debt is therefore not deducted again.
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = CZK 21.9998)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong since 11 Nov 2026, previously Neutral
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.