DOVER CORP (DOV)
US2600031080 - Common Stock
Overall DOV gets a fundamental rating of 6 out of 10. We evaluated DOV against 132 industry peers in the Machinery industry. While DOV has a great profitability rating, there are some minor concerns on its financial health. DOV is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year DOV was profitable.
DOV had a positive operating cash flow in the past year.
In the past 5 years DOV has always been profitable.
DOV had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of DOV (12.18%) is better than 86.92% of its industry peers.
Looking at the Return On Equity, with a value of 28.34%, DOV belongs to the top of the industry, outperforming 90.00% of the companies in the same industry.
With a decent Return On Invested Capital value of 11.67%, DOV is doing good in the industry, outperforming 76.15% of the companies in the same industry.
DOV had an Average Return On Invested Capital over the past 3 years of 12.95%. This is above the industry average of 10.78%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.18% | ||
| ROE | 28.34% | ||
| ROIC | 11.67% |
ROA(3y)9.96%
ROA(5y)9.04%
ROE(3y)24.12%
ROE(5y)22.98%
ROIC(3y)12.95%
ROIC(5y)12.44%
1.3 Margins
DOV's Profit Margin of 17.28% is amongst the best of the industry. DOV outperforms 93.08% of its industry peers.
DOV's Profit Margin has improved in the last couple of years.
The Operating Margin of DOV (16.59%) is better than 80.77% of its industry peers.
DOV's Operating Margin has improved in the last couple of years.
DOV has a better Gross Margin (36.97%) than 71.54% of its industry peers.
In the last couple of years the Gross Margin of DOV has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 16.59% | ||
| PM (TTM) | 17.28% | ||
| GM | 36.97% |
OM growth 3Y4.71%
OM growth 5Y5.42%
PM growth 3Y6.99%
PM growth 5Y8.96%
GM growth 3Y-0.46%
GM growth 5Y-0.03%
2. Health
2.1 Basic Checks
DOV has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, DOV has about the same amount of shares outstanding.
The number of shares outstanding for DOV has been reduced compared to 5 years ago.
Compared to 1 year ago, DOV has an improved debt to assets ratio.
2.2 Solvency
DOV has an Altman-Z score of 4.75. This indicates that DOV is financially healthy and has little risk of bankruptcy at the moment.
With a decent Altman-Z score value of 4.75, DOV is doing good in the industry, outperforming 76.15% of the companies in the same industry.
The Debt to FCF ratio of DOV is 3.67, which is a good value as it means it would take DOV, 3.67 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 3.67, DOV is in the better half of the industry, outperforming 63.85% of the companies in the same industry.
DOV has a Debt/Equity ratio of 0.77. This is a neutral value indicating DOV is somewhat dependend on debt financing.
DOV has a worse Debt to Equity ratio (0.77) than 73.08% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.77 | ||
| Debt/FCF | 3.67 | ||
| Altman-Z | 4.75 |
ROIC/WACC1.32
WACC8.82%
2.3 Liquidity
DOV has a Current Ratio of 1.31. This is a normal value and indicates that DOV is financially healthy and should not expect problems in meeting its short term obligations.
DOV has a worse Current ratio (1.31) than 82.31% of its industry peers.
A Quick Ratio of 0.89 indicates that DOV may have some problems paying its short term obligations.
The Quick ratio of DOV (0.89) is worse than 70.77% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.31 | ||
| Quick Ratio | 0.89 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 3.53% over the past year.
DOV shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 10.86% yearly.
DOV shows a decrease in Revenue. In the last year, the revenue decreased by -0.96%.
Measured over the past years, DOV shows a small growth in Revenue. The Revenue has been growing by 3.83% on average per year.
EPS 1Y (TTM)3.53%
EPS 3Y15.74%
EPS 5Y10.86%
EPS growth Q2Q0.52%
Revenue 1Y (TTM)-0.96%
Revenue growth 3Y8.08%
Revenue growth 5Y3.83%
Revenue growth Q2Q0.72%
3.2 Future
DOV is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 12.03% yearly.
The Revenue is expected to grow by 5.67% on average over the next years.
EPS Next Y4.01%
EPS Next 2Y6.51%
EPS Next 3Y6.72%
EPS Next 5Y12.03%
Revenue Next Year0.9%
Revenue Next 2Y2.31%
Revenue Next 3Y2.65%
Revenue Next 5Y5.67%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 20.92, DOV is valued on the expensive side.
Based on the Price/Earnings ratio, DOV is valued a bit cheaper than 63.85% of the companies in the same industry.
DOV's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.60.
With a Price/Forward Earnings ratio of 18.46, DOV is valued on the expensive side.
DOV's Price/Forward Earnings ratio is in line with the industry average.
DOV's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 20.15.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.92 | ||
| Fwd PE | 18.46 |
4.2 Price Multiples
DOV's Enterprise Value to EBITDA ratio is in line with the industry average.
DOV's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. DOV is cheaper than 62.31% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 23.58 | ||
| EV/EBITDA | 15.83 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The excellent profitability rating of DOV may justify a higher PE ratio.
PEG (NY)5.21
PEG (5Y)1.93
EPS Next 2Y6.51%
EPS Next 3Y6.72%
5. Dividend
5.1 Amount
DOV has a Yearly Dividend Yield of 1.11%.
DOV's Dividend Yield is a higher than the industry average which is at 1.66.
Compared to an average S&P500 Dividend Yield of 2.32, DOV's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.11% |
5.2 History
The dividend of DOV has a limited annual growth rate of 1.47%.
DOV has paid a dividend for at least 10 years, which is a reliable track record.
DOV has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)1.47%
Div Incr Years19
Div Non Decr Years19
5.3 Sustainability
19.51% of the earnings are spent on dividend by DOV. This is a low number and sustainable payout ratio.
DOV's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP19.51%
EPS Next 2Y6.51%
EPS Next 3Y6.72%
DOVER CORP
NYSE:DOV (5/17/2024, 7:04:00 PM)
After market: 184.09 0 (0%)184.09
-0.05 (-0.03%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap25.30B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.11% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
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Min EPS beat(4)
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EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
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Min Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.92 | ||
| Fwd PE | 18.46 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)5.21
PEG (5Y)1.93
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.18% | ||
| ROE | 28.34% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 16.59% | ||
| PM (TTM) | 17.28% | ||
| GM | 36.97% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.71
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.77 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.31 | ||
| Quick Ratio | 0.89 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)3.53%
EPS 3Y15.74%
EPS 5Y
EPS growth Q2Q
EPS Next Y4.01%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-0.96%
Revenue growth 3Y8.08%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y