DAKTRONICS INC (DAKT) Stock Fundamental Analysis
USA - NASDAQ:DAKT - US2342641097 - Common Stock
22.14 USD
-0.59 (-2.62%)
22.14 USD
0 (0%)
We assign a fundamental rating of 5 out of 10 to DAKT. DAKT was compared to 124 industry peers in the Electronic Equipment, Instruments & Components industry. DAKT is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. DAKT has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
DAKT had positive earnings in the past year.
In the past year DAKT had a positive cash flow from operations.
Of the past 5 years DAKT 4 years were profitable.
Of the past 5 years DAKT 4 years had a positive operating cash flow.
1.2 Ratios
DAKT has a Return On Assets (2.07%) which is in line with its industry peers.
DAKT has a Return On Equity (4.04%) which is comparable to the rest of the industry.
The Return On Invested Capital of DAKT (6.38%) is better than 67.74% of its industry peers.
The Average Return On Invested Capital over the past 3 years for DAKT is in line with the industry average of 9.48%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.07% | ||
| ROE | 4.04% | ||
| ROIC | 6.38% |
ROA(3y)2%
ROA(5y)1.81%
ROE(3y)4.72%
ROE(5y)4.02%
ROIC(3y)9.83%
ROIC(5y)7.08%
1.3 Margins
DAKT has a Profit Margin of 1.51%. This is comparable to the rest of the industry: DAKT outperforms 55.65% of its industry peers.
Looking at the Operating Margin, with a value of 4.49%, DAKT is in the better half of the industry, outperforming 60.48% of the companies in the same industry.
In the last couple of years the Operating Margin of DAKT has grown nicely.
With a Gross Margin value of 26.80%, DAKT perfoms like the industry average, outperforming 41.13% of the companies in the same industry.
In the last couple of years the Gross Margin of DAKT has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 4.49% | ||
| PM (TTM) | 1.51% | ||
| GM | 26.8% |
OM growth 3Y88.4%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y10.6%
GM growth 5Y2.56%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so DAKT is still creating some value.
Compared to 1 year ago, DAKT has more shares outstanding
The number of shares outstanding for DAKT has been increased compared to 5 years ago.
DAKT has a better debt/assets ratio than last year.
2.2 Solvency
DAKT has an Altman-Z score of 4.86. This indicates that DAKT is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of DAKT (4.86) is better than 68.55% of its industry peers.
DAKT has a debt to FCF ratio of 0.14. This is a very positive value and a sign of high solvency as it would only need 0.14 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 0.14, DAKT belongs to the top of the industry, outperforming 85.48% of the companies in the same industry.
DAKT has a Debt/Equity ratio of 0.04. This is a healthy value indicating a solid balance between debt and equity.
With a decent Debt to Equity ratio value of 0.04, DAKT is doing good in the industry, outperforming 60.48% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.04 | ||
| Debt/FCF | 0.14 | ||
| Altman-Z | 4.86 |
ROIC/WACC0.68
WACC9.4%
2.3 Liquidity
DAKT has a Current Ratio of 2.07. This indicates that DAKT is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 2.07, DAKT is in line with its industry, outperforming 45.16% of the companies in the same industry.
DAKT has a Quick Ratio of 1.54. This is a normal value and indicates that DAKT is financially healthy and should not expect problems in meeting its short term obligations.
DAKT's Quick ratio of 1.54 is in line compared to the rest of the industry. DAKT outperforms 45.16% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.07 | ||
| Quick Ratio | 1.54 |
3. Growth
3.1 Past
The earnings per share for DAKT have decreased strongly by -18.56% in the last year.
The Earnings Per Share has been growing by 55.18% on average over the past years. This is a very strong growth
DAKT shows a decrease in Revenue. In the last year, the revenue decreased by -7.67%.
Measured over the past years, DAKT shows a small growth in Revenue. The Revenue has been growing by 4.44% on average per year.
EPS 1Y (TTM)-18.56%
EPS 3Y100.83%
EPS 5Y55.18%
EPS Q2Q%-5.71%
Revenue 1Y (TTM)-7.67%
Revenue growth 3Y7.38%
Revenue growth 5Y4.44%
Sales Q2Q%-3.15%
3.2 Future
The Earnings Per Share is expected to grow by 22.93% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 7.42% on average over the next years.
EPS Next Y22.57%
EPS Next 2Y22.93%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year7.12%
Revenue Next 2Y7.42%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
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
DAKT is valuated quite expensively with a Price/Earnings ratio of 28.03.
Compared to the rest of the industry, the Price/Earnings ratio of DAKT indicates a somewhat cheap valuation: DAKT is cheaper than 67.74% of the companies listed in the same industry.
DAKT is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.38, which is the current average of the S&P500 Index.
DAKT is valuated rather expensively with a Price/Forward Earnings ratio of 18.09.
76.61% of the companies in the same industry are more expensive than DAKT, based on the Price/Forward Earnings ratio.
DAKT's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.86.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.03 | ||
| Fwd PE | 18.09 |
4.2 Price Multiples
DAKT's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. DAKT is cheaper than 64.52% of the companies in the same industry.
95.16% of the companies in the same industry are more expensive than DAKT, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.55 | ||
| EV/EBITDA | 17.86 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
DAKT's earnings are expected to grow with 22.93% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.24
PEG (5Y)0.51
EPS Next 2Y22.93%
EPS Next 3YN/A
5. Dividend
5.1 Amount
DAKT does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
22.14
-0.59 (-2.62%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners73.79%
Inst Owner Change1.49%
Ins Owners1.89%
Ins Owner Change1.14%
Market Cap1.07B
Analysts82.86
Price Target23.46 (5.96%)
Short Float %4.63%
Short Ratio5.51
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)22.25%
Min EPS beat(2)15.09%
Max EPS beat(2)29.41%
EPS beat(4)3
Avg EPS beat(4)-2.84%
Min EPS beat(4)-88.23%
Max EPS beat(4)32.35%
EPS beat(8)6
Avg EPS beat(8)16.46%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)-6.09%
Min Revenue beat(2)-12.78%
Max Revenue beat(2)0.59%
Revenue beat(4)2
Avg Revenue beat(4)-6.36%
Min Revenue beat(4)-14.08%
Max Revenue beat(4)0.82%
Revenue beat(8)3
Avg Revenue beat(8)-5%
Revenue beat(12)6
Avg Revenue beat(12)-0.46%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)4.55%
PT rev (3m)11.29%
EPS NQ rev (1m)-4.6%
EPS NQ rev (3m)-2.92%
EPS NY rev (1m)0%
EPS NY rev (3m)3.55%
Revenue NQ rev (1m)-1.07%
Revenue NQ rev (3m)0.82%
Revenue NY rev (1m)1.79%
Revenue NY rev (3m)2.16%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.03 | ||
| Fwd PE | 18.09 | ||
| P/S | 1.43 | ||
| P/FCF | 12.55 | ||
| P/OCF | 10.3 | ||
| P/B | 3.84 | ||
| P/tB | 3.89 | ||
| EV/EBITDA | 17.86 |
EPS(TTM)0.79
EY3.57%
EPS(NY)1.22
Fwd EY5.53%
FCF(TTM)1.76
FCFY7.97%
OCF(TTM)2.15
OCFY9.71%
SpS15.44
BVpS5.76
TBVpS5.69
PEG (NY)1.24
PEG (5Y)0.51
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.07% | ||
| ROE | 4.04% | ||
| ROCE | 9.96% | ||
| ROIC | 6.38% | ||
| ROICexc | 10.72% | ||
| ROICexgc | 10.92% | ||
| OM | 4.49% | ||
| PM (TTM) | 1.51% | ||
| GM | 26.8% | ||
| FCFM | 11.43% |
ROA(3y)2%
ROA(5y)1.81%
ROE(3y)4.72%
ROE(5y)4.02%
ROIC(3y)9.83%
ROIC(5y)7.08%
ROICexc(3y)13.17%
ROICexc(5y)9.6%
ROICexgc(3y)13.4%
ROICexgc(5y)9.86%
ROCE(3y)15.35%
ROCE(5y)11.06%
ROICexcg growth 3Y101.31%
ROICexcg growth 5YN/A
ROICexc growth 3Y103.2%
ROICexc growth 5YN/A
OM growth 3Y88.4%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y10.6%
GM growth 5Y2.56%
F-Score7
Asset Turnover1.37
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.04 | ||
| Debt/FCF | 0.14 | ||
| Debt/EBITDA | 0.19 | ||
| Cap/Depr | 96.13% | ||
| Cap/Sales | 2.5% | ||
| Interest Coverage | 13.16 | ||
| Cash Conversion | 196.36% | ||
| Profit Quality | 758.08% | ||
| Current Ratio | 2.07 | ||
| Quick Ratio | 1.54 | ||
| Altman-Z | 4.86 |
F-Score7
WACC9.4%
ROIC/WACC0.68
Cap/Depr(3y)112.4%
Cap/Depr(5y)103.16%
Cap/Sales(3y)2.67%
Cap/Sales(5y)2.6%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-18.56%
EPS 3Y100.83%
EPS 5Y55.18%
EPS Q2Q%-5.71%
EPS Next Y22.57%
EPS Next 2Y22.93%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-7.67%
Revenue growth 3Y7.38%
Revenue growth 5Y4.44%
Sales Q2Q%-3.15%
Revenue Next Year7.12%
Revenue Next 2Y7.42%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-51.63%
EBIT growth 3Y102.3%
EBIT growth 5YN/A
EBIT Next Year82.91%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y126.46%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y82.74%
OCF growth 3YN/A
OCF growth 5Y55.32%