DKSH Holding (XSWX:DKSH) Intrinsic Value: DCF (FCF Based): CHF102.05 (As of Aug. 27, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XSWX:DKSH DKSH Holding Ltd XSWX:DKSH
75 GF Score
Price CHF65.10
GF Value CHF61.32
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is DKSH Holding Intrinsic Value: DCF (FCF Based)?

DKSH Holding XSWX:DKSH -0.15% 75 Intrinsic Value: DCF (FCF Based) is CHF102.05 as of Aug. 27, 2026. GuruFocus rates XSWX:DKSH with a GF Score™ of 75/100 and a GF Value™ of CHF61.32 (Fairly Valued). The stock has 6 warning signs investors should review. Among 146 Business Services companies, DKSH Holding ranks better than 60.96% on this metric.

As of today (2026-08-27), DKSH Holding's intrinsic value calculated from the Discounted Cash Flow model is CHF102.05.

Note: Discounted Cash Flow model is only suitable for predictable companies (Business Predictability Rank higher than 1-Star). If the company's predictability rank is 1-Star or Not Rated, result may not be accurate due to the low predictability of business and the data will not be stored into our database.

DKSH Holding's Predictability Rank is 2.5-Stars.

Margin of Safety (FCF Based) using Discounted Cash Flow model for DKSH Holding is 36.21%.

The industry rank for DKSH Holding's Intrinsic Value: DCF (FCF Based) or its related term are showing as below:

XSWX:DKSH's Price-to-DCF (FCF Based) is ranked better than
60.96% of 146 companies
in the Business Services industry
Industry Median: 0.835 vs XSWX:DKSH: 0.64

DKSH Holding  (XSWX:DKSH) Intrinsic Value: DCF (FCF Based) Explanation

Unlike valuation methods such as Net Current Asset Value, Tangible Book per Share, Graham Number, Median PS Value etc, discounted Cash Flow model evaluates the companies based on their future earnings power instead of their assets.


Be Aware

What you need to know about the DCF model:

1. The DCF model evaluates a company based on its future earnings power
2. Growth is taken into account; therefore a faster growth company is worth more if everything else is the same.
3. Since we are projecting future growth, it is assumed that the company will grow at the same rate as it did during the past 10 years. Therefore this model works better for the companies that have relatively consistent performance.
4. The DCF model works poorly for inconsistent performers such as cyclicals.
5. What discount rate should you use? Your expected return from the investment is a good discount rate assumption.
6. A larger margin of safety should be required for companies with less predictable businesses.

You can screen for stocks that trade below their Intrinsic Value: DCF (FCF Based) and Intrinsic Value: DCF (Earnings Based) with the GuruFocus All-in-One Screener. Companies with a high Predictability Rank that trade at a discount to their Intrinsic Value: DCF (FCF Based) and Intrinsic Value: DCF (Earnings Based) can be found in the screen of Undervalued Predictable Companies.


DKSH Holding Intrinsic Value: DCF (FCF Based) Related Terms


DKSH Holding Intrinsic Value: DCF (FCF Based) Historical Data

* Premium members only.

The historical data trend for DKSH Holding's Intrinsic Value: DCF (FCF Based) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

DKSH Holding Intrinsic Value: DCF (FCF Based) Chart

DKSH Holding Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Intrinsic Value: DCF (FCF Based)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 121.82 0.00 0.00 0.00 94.07

DKSH Holding Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
Intrinsic Value: DCF (FCF Based) Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 94.07 0.00

XSWX:DKSH vs VRSK, EFX, BAH: Intrinsic Value: DCF (FCF Based) Comparison

For the Consulting Services subindustry, DKSH Holding's Price-to-DCF (FCF Based), along with its competitors' market caps and Price-to-DCF (FCF Based) data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


DKSH Holding Price-to-DCF (FCF Based) vs Business Services Industry

For the Business Services industry and Industrials sector, DKSH Holding's Price-to-DCF (FCF Based) distribution charts can be found below:

* The bar in red indicates where DKSH Holding's Price-to-DCF (FCF Based) falls into.


XSWX:DKSH
75GF Score
DKSH Holding Ltd XSWX:DKSH
Intrinsic Value: DCF (FCF Based) is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

DKSH Holding Intrinsic Value: DCF (FCF Based) Calculation

This is the intrinsic value calculated from the Discounted Cash Flow model with default parameters. In a discounted cash flow model, the future cash flow is estimated based on a cash flow growth rate and a discount rate. The cash flow of the future is discounted to its current value at the discount rate. All of the discounted future cash flow is added together to get the current intrinsic value of the company.

Usually a two-stage model is used when calculating a stock's intrinsic value using a discounted cash flow model. The first stage is called the growth stage; the second is called the terminal stage. In the growth stage the company grows at a faster rate. Because it cannot grow at that rate forever, a lower rate is used for the terminal stage.

GuruFocus DCF calculator is a two-stage model. The default values are defined as:

1. Discount Rate: d = 7%
A reasonable discount rate assumption should be at least the long term average return of the stock market, which can be estimated from risk free rate plus risk premium of stock market. GuruFocus uses 10-Year Treasury Constant Maturity Rate as the risk-free rate and rounded up to the nearest integer. It is updated daily. The current risk-free rate is 0.31%. Please go to Economic Indicators page for more information. Please note that we use the 10-Year Treasury Constant Maturity Rate of the country/region where the company is headquartered. If the data for that country/region is not available, then we will use the 10-Year Treasury Constant Maturity Rate of the United States as default. Then we added a risk premium of 6% to get the estimated discount rate. Some investors use their expected rate of return, which is also reasonable. A typical discount rate can be anywhere between 6% - 20%.

2. Growth Rate in the growth stage: g1 = 9.20%
The Growth Rate in the growth stage is initially set as the default 10-Year FCF Growth Rate (Per Share). In cases where the 10-year growth rate is unavailable, it defaults to using the 5-Year FCF Growth Rate (Per Share). If both the 10-year and 5-year growth rates are unavailable, the system defaults to the 3-Year FCF Growth Rate (Per Share).
However, it's important to note that there is a growth rate range. If the calculated growth rate exceeds 20%, it will be capped at 20%. Conversely, if the calculated growth rate falls below 5%, it will be adjusted to 5% to maintain a reasonable range.
=> DKSH Holding's average Free Cash Flow Growth Rate in the past 10 years was 9.20%, which is between 5% and 20%. => GuruFocus defaults => Growth Rate: 9.20%

3. Years of Growth Stage: y1 = 10

4. Terminal Growth Rate: g2 = 4%

5. Years of Terminal Growth: y2 = 10

6. Free Cash Flow per Share: fcf = CHF4.698.
However, GuruFocus DCF calculator is actually a Discounted Earnings calculator, the EPS without NRI is used as the default. The reason we are doing this is we found that historically stock prices are more correlated with earnings than free cash flow.

All of the default settings can be changed and the results are calculated automatically.

DKSH Holding's Intrinsic Value: DCF (FCF Based) for today is calculated as

Intrinsic Value: DCF (FCF Based)=Free Cash Flow per Share*{[(1+g1)/(1+d)+(1+g1)^2/(1+d)^2+...+(1+g1)^10/(1+d)^10]
+(1+g1)^10/(1+d)^10*[(1+g2)/(1+d)+(1+g2)^2/(1+d)^2+...+(1+g2)^10/(1+d)^10]}

set x = (1+g1)/(1+d) = (1+0.092)/(1+0.07) = 1.0205607476636
and y = (1+g2)/(1+d) = (1+0.04)/(1+0.07) = 0.97196261682243

Intrinsic Value: DCF (FCF Based)=Free Cash Flow per Share*{[x+x^2+...+x^10]+x^10*[y+y^2+...+y^10]}
=Free Cash Flow per Share*[x*(1-x^10)/(1-x)+x^10*y*(1-y^10)/(1-y)]
=4.698*21.721
=102.05

Margin of Safety (FCF Based)=(Intrinsic Value: DCF (FCF Based)-Current Price)/Intrinsic Value: DCF (FCF Based)
=(102.05-65.10)/102.05
=36.21 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Intrinsic Value: DCF (FCF Based) of CHF102.05 mean?
DKSH Holding (XSWX:DKSH) has a Intrinsic Value: DCF (FCF Based) of CHF102.05 as of Aug. 27, 2026. Intrinsic Value: DCF (FCF Based) is the stock value based on a two-stage discounted free cash flow model. View historical data on DKSH Holding and its competitors. According to the industry distribution chart, DKSH Holding ranks #57 out of 146 companies in the Business Services industry, placing it in the top 39%.
Is DKSH Holding's Intrinsic Value: DCF (FCF Based) too high?
DKSH Holding's current Intrinsic Value: DCF (FCF Based) is CHF102.05. Based on the distribution chart, DKSH Holding ranks #57 out of 146 companies in the Business Services industry, which is above the industry midpoint. Overall, DKSH Holding has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does DKSH Holding's Intrinsic Value: DCF (FCF Based) compare to VRSK and EFX?
According to the Business Services industry distribution chart, DKSH Holding ranks #57 out of 146 companies for Intrinsic Value: DCF (FCF Based). This puts DKSH Holding in the upper half of its industry. The industry median Intrinsic Value: DCF (FCF Based) is 0.84. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: DCF (FCF Based) for a Business Services company?
The median Intrinsic Value: DCF (FCF Based) among Business Services companies is 0.84, based on 146 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: DCF (FCF Based) significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: DCF (FCF Based) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: DCF (FCF Based) mean?
A high Intrinsic Value: DCF (FCF Based) can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: DCF (FCF Based) is the stock value based on a two-stage discounted free cash flow model. View historical data on DKSH Holding and its competitors. For the Business Services industry, the median Intrinsic Value: DCF (FCF Based) is 0.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DKSH Holding's current Intrinsic Value: DCF (FCF Based) is CHF102.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DKSH Holding stock overvalued right now?
Based on GuruFocus' analysis, DKSH Holding (XSWX:DKSH) is currently considered Fairly Valued. The stock's GF Value™ is CHF61.32, compared to a current price of CHF65.10 — trading 6.2% above its estimated fair value. The current Intrinsic Value: DCF (FCF Based) is CHF102.05. DKSH Holding's overall GF Score™ is 75/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: DCF (FCF Based) calculated?
Intrinsic Value: DCF (FCF Based) is calculated from a company's financial statements. For DKSH Holding (XSWX:DKSH), the current Intrinsic Value: DCF (FCF Based) is CHF102.05 as of Aug. 27, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is DKSH Holding (XSWX:DKSH) Overvalued in 2026?

Based on GuruFocus' analysis, DKSH Holding stock appears to be overvalued. The current stock price of CHF65.10 is trading 6.2% above its estimated GF Value™ of CHF61.32. GuruFocus considers DKSH Holding to be Fairly Valued.

Key valuation signals for XSWX:DKSH:

  • Intrinsic Value: DCF (FCF Based): CHF102.05
  • GF Value™: CHF61.32 vs. price of CHF65.10 (6.2% above fair value)
  • GF Score™: 75/100 with 6 warning signs

No single metric tells the full story. See the XSWX:DKSH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


DKSH Holding Business Description

Address Wiesenstrasse 8, P.O. Box 888, Zurich, CHE, 8034
DKSH Holding Ltd offers market expansion services in Asia. The company provides a range of services, including sourcing, market insights, marketing and sales, eCommerce, distribution and logistics, and after-sales support. It offers expertise and on-the-ground logistical support. The company operates in five business segments: Consumer goods, Healthcare, Performance Materials, Technology and Other (non-Business Unit). The majority of the revenue is derived from the Healthcare segment, which offers pharmaceuticals, consumer health, and over-the-counter health products, as well as medical devices, and also offers services including product registration, marketing and sales, and capillary physical distribution.
75GF Score

Get the complete analysis for XSWX:DKSH

Intrinsic Value: DCF (FCF Based) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CHF65.10
Price
CHF61.32
GF Value