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1. Company Snapshot

1.a. Company Description

Global Dominion Access, S.A. provides multi-technical services and specialized engineering solutions in Spain and internationally.The company engages in the provision of operation and maintenance services for industries, and infrastructures and businesses; industrial cleaning maintenance services; installation and maintenance of refractory linings; design, construction, and maintenance of tall structures, including towers, silos, domes, chimneys, stacks, and others; designing, building, and maintaining industrial structures, such as gas systems, tanks and vessels, industrial furnaces, and electrical systems; and management of logistics and warehouses.It also provides solutions for flexible production and automation; hospital waste incineration; telecommunication networks; technological projects and communication systems; renewable energy generation; and self-consumption and new energy systems.


In addition, the company is involved in the implementation and integral management of the life cycle of distribution and transmission lines; installation and integration of the technological items at hospitals, including medical equipment and clinical furniture, as well as the IT system infrastructure and service management platforms; technology and services distribution for the household; and marketing of electricity, gas, mobile, fiber, insurance, and other services for the household.Further, it provides monitored operation management, a solution that implements and manages ICS platforms that use technology as a tool to guarantee and improve the system and process efficiency; digital transformation services; and maintenance and repair services for businesses and the household.It serves the telecommunications, industrial, energy, household, and infrastructure sectors.


The company was incorporated in 1999 and is headquartered in Bilbao, Spain.

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1.b. Last Insights on DOM

Global Dominion Access, S.A.'s recent performance is driven by the resilient European market, as the STOXX Europe 600 Index posted its longest streak of weekly gains since August 2012. The company's high-growth tech segment is well-positioned to capitalize on this trend, with a strong track record of adaptability to economic fluctuations and regulatory landscapes. A recent report highlights Global Dominion Access, S.A. as a promising high-growth tech stock in Europe, citing its innovative approach and ability to navigate economic uncertainties. The company's strong earnings release was also driven by its recent acquisition of a leading cybersecurity firm, expanding its capabilities and positioning it for future growth.

1.c. Company Highlights

2. Dominion's Strong 9-Month Performance Driven by Organic Growth and Strategic Acquisitions

Dominion reported a robust 9% organic growth in constant currency for the first 9 months of 2025, despite a strong depreciation of the dollar and a slowdown in the project segment. The company's EBITDA margin stood at 13.3% over sales, with a consolidation of profitability above 13%. The net profit was affected by the depreciation of the dollar, but without one-off effects, the recurrent net profit would be 40% higher compared to 2024. The earnings per share (EPS) figure was not disclosed, but the company's financial performance was strong, driven by its Global Dominion Environment and Global Dominion Tech-Energy segments.

Publication Date: Nov -19

📋 Highlights
  • Organic Growth Resilience:: 9% organic growth in constant currency for first 9 months of 2025 despite dollar depreciation and project segment slowdown.
  • Profitability Consolidation:: EBITDA margin of 13.3% and profitability consolidation above 13%, driven by simplification and divestments.
  • Global Dominion Environment Expansion:: EUR 332M turnover with 8.3% organic growth and 11.9% margin, supported by three environmental sector acquisitions.
  • GDT Services Strength:: 13% turnover growth to EUR 374M with 17.9% contribution margin, contrasting with GDT Projects’ 3% decline due to geopolitical delays.
  • Financial Stability and Strategy:: Recurrent net profit 40% higher YoY, EUR 15M dividend paid, and cash-positive performance in first 9 months, targeting 1:1 net debt/EBITDA ratio (EUR 140–145M EBITDA goal).

Segmental Performance

The Global Dominion Environment segment had a turnover of EUR 332 million, growing organically by 8.3%, with a contribution margin of 11.9%. The company acquired three companies in the quarter, including URAC, Ecogestión de Residuos, and Züblin Chimney and Refractory, to expand its presence in the environmental sector. The Global Dominion Tech-Energy segment was divided into GDT Services and GDT Projects, with GDT Services growing 13% in turnover and GDT Projects experiencing a slight reduction of 3% due to the slowdown in project execution caused by geopolitical uncertainty.

Cash Flow and Debt Management

The company has not consumed cash in the first 9 months of the year and has paid a dividend of EUR 15 million. The net financial debt at Q3 2025 is around EUR 184-207 million, with a goal to reduce it to a level where the debt to EBITDA ratio is 1:1. The company's EV/EBITDA ratio stands at 5.47, indicating a relatively reasonable valuation. The P/E Ratio is 17.92, and the ROE is 7.28%, suggesting that the company's profitability is fairly valued.

Outlook and Valuation

The company is on track to achieve its strategic plan objectives, with a focus on simplification, strategic investments, and divestments. The strong growth of recurrent activities provides visibility and stability, allowing the company to be ambitious with new opportunities. Analysts estimate next year's revenue growth at 5.1%. With a target EBITDA of around EUR 140-145 million, the company expects to maintain a strong growth in margins and turnover in the area of services.

3. NewsRoom

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Domino's Pizza Group Reports Modest Sales Growth Amid Consumer Strain

Nov -04

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Global Dominion Access (BME:DOM) Margin Decline Challenges Bull Case Despite Strong Earnings Growth Forecast

Oct -24

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Global Dominion Access SA (XMAD:DOM) Q3 2025 Earnings Call Highlights: Surpassing Sales ...

Oct -22

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European Stocks Estimated To Be Trading Below Their Intrinsic Value In September 2025

Sep -19

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High Growth Tech Stocks In Europe Featuring 3 Promising Companies

Jul -25

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Global Dominion Access SA (XMAD:DOM) Q1 2025 Earnings Call Highlights: Strong Profit Growth ...

May -07

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Global Dominion Access SA (XMAD:DOM) Q4 2024 Earnings Call Highlights: Strategic Milestones and ...

Apr -21

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High Growth Tech Stocks In Europe With Promising Potential

Mar -06

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4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (12.39%)

6. Segments

Sustainable Services

Expected Growth: 12.5%

Growing demand for eco-friendly solutions, increasing regulatory pressures, and rising consumer awareness drive the adoption of sustainable services, promoting environmental responsibility and social awareness.

Business to Business Projects 360

Expected Growth: 12.4%

The growth of Business to Business Projects 360 is driven by increasing adoption of digital collaboration tools, rising demand for project management solutions, and growing need for efficient communication among businesses.

Participation in Infrastructure

Expected Growth: 7.2%

Increasing demand for sustainable infrastructure, government initiatives, and growing urbanization are driving the growth of infrastructure participation from Global Dominion Access, S.A. The company's diversified portfolio and expertise in energy, transportation, and social infrastructure position it for continued growth.

7. Detailed Products

Access Control Systems

Global Dominion Access, S.A. offers advanced access control systems that enable secure and efficient management of physical access to buildings, facilities, and sensitive areas.

Time and Attendance Systems

The company provides time and attendance systems that help organizations track and manage employee work hours, absences, and leaves.

Biometric Identification Systems

Global Dominion Access, S.A. offers biometric identification systems that use fingerprint, facial, or iris recognition to authenticate individuals.

Video Surveillance Systems

The company provides video surveillance systems that enable real-time monitoring and recording of video feeds for security and surveillance purposes.

Intrusion Detection Systems

Global Dominion Access, S.A. offers intrusion detection systems that detect and alert on unauthorized access attempts to physical spaces.

Smart Locks and Cylinders

The company provides smart locks and cylinders that offer advanced security features, such as electronic keys and access control.

8. Global Dominion Access, S.A.'s Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Global Dominion Access, S.A. is medium due to the presence of alternative services and products in the market.

Bargaining Power Of Customers

The bargaining power of customers for Global Dominion Access, S.A. is high due to the availability of alternative services and the ability of customers to switch providers.

Bargaining Power Of Suppliers

The bargaining power of suppliers for Global Dominion Access, S.A. is low due to the company's large market share and negotiating power.

Threat Of New Entrants

The threat of new entrants for Global Dominion Access, S.A. is medium due to the presence of barriers to entry and the company's established market position.

Intensity Of Rivalry

The intensity of rivalry for Global Dominion Access, S.A. is high due to the presence of several competitors in the market and the company's need to maintain its market share.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 55.97%
Debt Cost 8.49%
Equity Weight 44.03%
Equity Cost 8.49%
WACC 8.49%
Leverage 127.13%

11. Quality Control: Global Dominion Access, S.A. passed 2 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

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Magic Software

A-Score: 6.2/10

Value: 3.5

Growth: 6.7

Quality: 6.7

Yield: 7.5

Momentum: 9.5

Volatility: 3.3

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Econocom

A-Score: 6.2/10

Value: 10.0

Growth: 5.6

Quality: 2.6

Yield: 9.4

Momentum: 3.0

Volatility: 6.7

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Cancom

A-Score: 5.0/10

Value: 5.9

Growth: 5.8

Quality: 4.3

Yield: 6.9

Momentum: 4.0

Volatility: 3.0

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Global Dominion Access

A-Score: 4.9/10

Value: 5.8

Growth: 3.1

Quality: 2.6

Yield: 4.4

Momentum: 7.0

Volatility: 6.7

1-Year Total Return ->

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Sonaecom

A-Score: 4.2/10

Value: 5.8

Growth: 1.0

Quality: 2.4

Yield: 5.0

Momentum: 8.5

Volatility: 2.7

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Digital Value

A-Score: 3.6/10

Value: 8.0

Growth: 4.3

Quality: 5.1

Yield: 3.1

Momentum: 0.5

Volatility: 0.7

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

3.27$

Current Price

3.27$

Potential

-0.00%

Expected Cash-Flows