DOVER CORP (DOV) Stock Fundamental Analysis
NYSE:DOV - New York Stock Exchange, Inc. - US2600031080 - Common Stock - Currency: USD
Overall DOV gets a fundamental rating of 6 out of 10. We evaluated DOV against 128 industry peers in the Machinery industry. While DOV has a great profitability rating, there are some minor concerns on its financial health. DOV is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year DOV was profitable.
In the past year DOV had a positive cash flow from operations.
Each year in the past 5 years DOV has been profitable.
DOV had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
DOV's Return On Assets of 18.15% is amongst the best of the industry. DOV outperforms 96.88% of its industry peers.
DOV has a Return On Equity of 32.16%. This is amongst the best in the industry. DOV outperforms 94.53% of its industry peers.
Looking at the Return On Invested Capital, with a value of 10.16%, DOV is in the better half of the industry, outperforming 71.09% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for DOV is in line with the industry average of 10.69%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 18.15% | ||
| ROE | 32.16% | ||
| ROIC | 10.16% |
ROA(3y)13.55%
ROA(5y)11.78%
ROE(3y)28.11%
ROE(5y)26.27%
ROIC(3y)10.97%
ROIC(5y)11.33%
1.3 Margins
With an excellent Profit Margin value of 28.85%, DOV belongs to the best of the industry, outperforming 99.22% of the companies in the same industry.
In the last couple of years the Profit Margin of DOV has grown nicely.
Looking at the Operating Margin, with a value of 17.01%, DOV belongs to the top of the industry, outperforming 80.47% of the companies in the same industry.
In the last couple of years the Operating Margin of DOV has grown nicely.
DOV has a Gross Margin of 39.01%. This is in the better half of the industry: DOV outperforms 71.09% 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 | 17.01% | ||
| PM (TTM) | 28.85% | ||
| GM | 39.01% |
OM growth 3Y-0.14%
OM growth 5Y2.31%
PM growth 3Y34.81%
PM growth 5Y29.67%
GM growth 3Y0.85%
GM growth 5Y0.98%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so DOV is still creating some value.
Compared to 1 year ago, DOV has less shares outstanding
DOV has less shares outstanding than it did 5 years ago.
The debt/assets ratio for DOV has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 5.38 indicates that DOV is not in any danger for bankruptcy at the moment.
DOV has a Altman-Z score of 5.38. This is in the better half of the industry: DOV outperforms 77.34% of its industry peers.
The Debt to FCF ratio of DOV is 5.24, which is a neutral value as it means it would take DOV, 5.24 years of fcf income to pay off all of its debts.
DOV's Debt to FCF ratio of 5.24 is in line compared to the rest of the industry. DOV outperforms 52.34% of its industry peers.
A Debt/Equity ratio of 0.42 indicates that DOV is not too dependend on debt financing.
With a Debt to Equity ratio value of 0.42, DOV perfoms like the industry average, outperforming 55.47% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.42 | ||
| Debt/FCF | 5.24 | ||
| Altman-Z | 5.38 |
ROIC/WACC1.05
WACC9.64%
2.3 Liquidity
A Current Ratio of 2.13 indicates that DOV has no problem at all paying its short term obligations.
With a Current ratio value of 2.13, DOV perfoms like the industry average, outperforming 55.47% of the companies in the same industry.
A Quick Ratio of 1.56 indicates that DOV should not have too much problems paying its short term obligations.
DOV has a better Quick ratio (1.56) than 67.19% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.13 | ||
| Quick Ratio | 1.56 |
3. Growth
3.1 Past
DOV shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 0.91%.
The Earnings Per Share has been growing by 8.13% on average over the past years. This is quite good.
DOV shows a decrease in Revenue. In the last year, the revenue decreased by -5.86%.
DOV shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.65% yearly.
EPS 1Y (TTM)0.91%
EPS 3Y4.79%
EPS 5Y8.13%
EPS Q2Q%5.13%
Revenue 1Y (TTM)-5.86%
Revenue growth 3Y-0.68%
Revenue growth 5Y1.65%
Sales Q2Q%-10.88%
3.2 Future
The Earnings Per Share is expected to grow by 7.33% on average over the next years.
The Revenue is expected to grow by 4.58% on average over the next years.
EPS Next Y7.36%
EPS Next 2Y8.13%
EPS Next 3Y7.61%
EPS Next 5Y7.33%
Revenue Next Year2.37%
Revenue Next 2Y3.5%
Revenue Next 3Y3.66%
Revenue Next 5Y4.58%
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same than in the last 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
DOV is valuated rather expensively with a Price/Earnings ratio of 20.11.
63.28% of the companies in the same industry are more expensive than DOV, based on the Price/Earnings ratio.
DOV's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.60.
The Price/Forward Earnings ratio is 17.40, which indicates a rather expensive current valuation of DOV.
DOV's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. DOV is cheaper than 60.16% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of DOV to the average of the S&P500 Index (22.39), we can say DOV is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.11 | ||
| Fwd PE | 17.4 |
4.2 Price Multiples
DOV's Enterprise Value to EBITDA is on the same level as the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of DOV indicates a slightly more expensive valuation: DOV is more expensive than 65.63% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 43.17 | ||
| EV/EBITDA | 14.92 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates DOV does not grow enough to justify the current Price/Earnings ratio.
DOV has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)2.73
PEG (5Y)2.47
EPS Next 2Y8.13%
EPS Next 3Y7.61%
5. Dividend
5.1 Amount
DOV has a Yearly Dividend Yield of 1.16%.
Compared to an average industry Dividend Yield of 1.91, DOV pays a bit more dividend than its industry peers.
With a Dividend Yield of 1.16, DOV pays less dividend than the S&P500 average, which is at 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.16% |
5.2 History
The dividend of DOV has a limited annual growth rate of 0.91%.
DOV has paid a dividend for at least 10 years, which is a reliable track record.
DOV has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)0.91%
Div Incr Years34
Div Non Decr Years34
5.3 Sustainability
12.33% of the earnings are spent on dividend by DOV. This is a low number and sustainable payout ratio.
The dividend of DOV is growing, but earnings are growing more, so the dividend growth is sustainable.
DP12.33%
EPS Next 2Y8.13%
EPS Next 3Y7.61%
NYSE:DOV (6/13/2025, 12:02:07 PM)
178.59
-0.19 (-0.11%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners86.42%
Inst Owner Change2.89%
Ins Owners0.35%
Ins Owner Change1.62%
Market Cap24.48B
Analysts77.5
Price Target203.8 (14.12%)
Short Float %1.76%
Short Ratio1.95
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.16% |
Yearly Dividend2.04
Dividend Growth(5Y)0.91%
DP12.33%
Div Incr Years34
Div Non Decr Years34
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.67%
Min EPS beat(2)2.47%
Max EPS beat(2)4.86%
EPS beat(4)3
Avg EPS beat(4)2.74%
Min EPS beat(4)-2.05%
Max EPS beat(4)5.69%
EPS beat(8)6
Avg EPS beat(8)0.86%
EPS beat(12)8
Avg EPS beat(12)0.9%
EPS beat(16)12
Avg EPS beat(16)2.27%
Revenue beat(2)0
Avg Revenue beat(2)-1.83%
Min Revenue beat(2)-2.04%
Max Revenue beat(2)-1.63%
Revenue beat(4)1
Avg Revenue beat(4)-1.81%
Min Revenue beat(4)-3.99%
Max Revenue beat(4)0.43%
Revenue beat(8)2
Avg Revenue beat(8)-2.27%
Revenue beat(12)2
Avg Revenue beat(12)-1.77%
Revenue beat(16)5
Avg Revenue beat(16)-0.78%
PT rev (1m)-1.19%
PT rev (3m)-9.98%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.54%
EPS NY rev (1m)0.71%
EPS NY rev (3m)-0.25%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.15%
Revenue NY rev (1m)0.02%
Revenue NY rev (3m)-0.41%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.11 | ||
| Fwd PE | 17.4 | ||
| P/S | 3.08 | ||
| P/FCF | 43.17 | ||
| P/OCF | 33.16 | ||
| P/B | 3.43 | ||
| P/tB | 39.9 | ||
| EV/EBITDA | 14.92 |
EPS(TTM)8.88
EY4.97%
EPS(NY)10.26
Fwd EY5.75%
FCF(TTM)4.14
FCFY2.32%
OCF(TTM)5.39
OCFY3.02%
SpS58.04
BVpS52.06
TBVpS4.48
PEG (NY)2.73
PEG (5Y)2.47
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 18.15% | ||
| ROE | 32.16% | ||
| ROCE | 12.88% | ||
| ROIC | 10.16% | ||
| ROICexc | 12.17% | ||
| ROICexgc | 42.95% | ||
| OM | 17.01% | ||
| PM (TTM) | 28.85% | ||
| GM | 39.01% | ||
| FCFM | 7.13% |
ROA(3y)13.55%
ROA(5y)11.78%
ROE(3y)28.11%
ROE(5y)26.27%
ROIC(3y)10.97%
ROIC(5y)11.33%
ROICexc(3y)11.99%
ROICexc(5y)12.23%
ROICexgc(3y)42.19%
ROICexgc(5y)45.45%
ROCE(3y)14.24%
ROCE(5y)14.39%
ROICexcg growth 3Y-7.13%
ROICexcg growth 5Y-2%
ROICexc growth 3Y-4.68%
ROICexc growth 5Y-1.94%
OM growth 3Y-0.14%
OM growth 5Y2.31%
PM growth 3Y34.81%
PM growth 5Y29.67%
GM growth 3Y0.85%
GM growth 5Y0.98%
F-Score7
Asset Turnover0.63
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.42 | ||
| Debt/FCF | 5.24 | ||
| Debt/EBITDA | 1.75 | ||
| Cap/Depr | 50.29% | ||
| Cap/Sales | 2.15% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 43.58% | ||
| Profit Quality | 24.7% | ||
| Current Ratio | 2.13 | ||
| Quick Ratio | 1.56 | ||
| Altman-Z | 5.38 |
F-Score7
WACC9.64%
ROIC/WACC1.05
Cap/Depr(3y)60.37%
Cap/Depr(5y)59.92%
Cap/Sales(3y)2.41%
Cap/Sales(5y)2.38%
Profit Quality(3y)62.15%
Profit Quality(5y)81.58%
High Growth Momentum
Growth
EPS 1Y (TTM)0.91%
EPS 3Y4.79%
EPS 5Y8.13%
EPS Q2Q%5.13%
EPS Next Y7.36%
EPS Next 2Y8.13%
EPS Next 3Y7.61%
EPS Next 5Y7.33%
Revenue 1Y (TTM)-5.86%
Revenue growth 3Y-0.68%
Revenue growth 5Y1.65%
Sales Q2Q%-10.88%
Revenue Next Year2.37%
Revenue Next 2Y3.5%
Revenue Next 3Y3.66%
Revenue Next 5Y4.58%
EBIT growth 1Y-3.47%
EBIT growth 3Y-0.82%
EBIT growth 5Y4%
EBIT Next Year100.34%
EBIT Next 3Y12.71%
EBIT Next 5Y7.38%
FCF growth 1Y-29.49%
FCF growth 3Y-14.96%
FCF growth 5Y-5.2%
OCF growth 1Y-27.84%
OCF growth 3Y-12.47%
OCF growth 5Y-4.56%