DOVER CORP (DOV)
US2600031080 - Common Stock
Taking everything into account, DOV scores 6 out of 10 in our fundamental rating. DOV was compared to 132 industry peers in the Machinery industry. DOV has an excellent profitability rating, but 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.
Each year in the past 5 years DOV has been profitable.
In the past 5 years DOV always reported a positive cash flow from operatings.
1.2 Ratios
DOV's Return On Assets of 12.18% is amongst the best of the industry. DOV outperforms 86.82% of its industry peers.
The Return On Equity of DOV (28.34%) is better than 88.37% of its industry peers.
With a decent Return On Invested Capital value of 11.67%, DOV is doing good in the industry, outperforming 74.42% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for DOV is above the industry average of 10.72%.
| 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
Looking at the Profit Margin, with a value of 17.28%, DOV belongs to the top of the industry, outperforming 91.47% of the companies in the same industry.
DOV's Profit Margin has improved in the last couple of years.
DOV has a better Operating Margin (16.59%) than 80.62% 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 72.09% of its industry peers.
DOV's Gross Margin has been stable in the last couple of years.
| 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 4.68. This indicates that DOV is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of DOV (4.68) is better than 74.42% of its industry peers.
DOV has a debt to FCF ratio of 3.67. This is a good value and a sign of high solvency as DOV would need 3.67 years to pay back of all of its debts.
DOV has a better Debt to FCF ratio (3.67) than 64.34% of its industry peers.
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 Debt to Equity ratio of 0.77. This is in the lower half of the industry: DOV underperforms 73.64% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.77 | ||
| Debt/FCF | 3.67 | ||
| Altman-Z | 4.68 |
ROIC/WACC1.3
WACC8.95%
2.3 Liquidity
A Current Ratio of 1.31 indicates that DOV should not have too much problems paying its short term obligations.
With a Current ratio value of 1.31, DOV is not doing good in the industry: 82.17% of the companies in the same industry are doing better.
A Quick Ratio of 0.89 indicates that DOV may have some problems paying its short term obligations.
DOV has a Quick ratio of 0.89. This is in the lower half of the industry: DOV underperforms 68.22% 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.
Measured over the past years, DOV shows a quite strong growth in Earnings Per Share. The EPS has been growing by 10.86% on average per year.
Looking at the last year, DOV shows a decrease in Revenue. The Revenue has decreased by -0.96% in the last year.
The Revenue has been growing slightly by 3.83% on average over the past years.
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
Based on estimates for the next years, DOV will show a quite strong growth in Earnings Per Share. The EPS will grow by 12.03% on average per year.
Based on estimates for the next years, DOV will show a small growth in Revenue. The Revenue will grow by 5.67% on average per year.
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
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
With a Price/Earnings ratio of 20.18, DOV is valued on the expensive side.
Compared to the rest of the industry, the Price/Earnings ratio of DOV indicates a somewhat cheap valuation: DOV is cheaper than 62.79% of the companies listed in the same industry.
DOV's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.06.
DOV is valuated rather expensively with a Price/Forward Earnings ratio of 17.81.
Based on the Price/Forward Earnings ratio, DOV is valued a bit cheaper than the industry average as 62.79% of the companies are valued more expensively.
DOV is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 20.72, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.18 | ||
| Fwd PE | 17.81 |
4.2 Price Multiples
DOV's Enterprise Value to EBITDA is on the same level as the industry average.
Based on the Price/Free Cash Flow ratio, DOV is valued a bit cheaper than 62.79% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.73 | ||
| EV/EBITDA | 15.33 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
DOV has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)5.03
PEG (5Y)1.86
EPS Next 2Y6.51%
EPS Next 3Y6.72%
5. Dividend
5.1 Amount
DOV has a Yearly Dividend Yield of 1.15%.
DOV's Dividend Yield is a higher than the industry average which is at 1.73.
Compared to an average S&P500 Dividend Yield of 2.41, DOV's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.15% |
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 their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)1.47%
Div Incr Years19
Div Non Decr Years19
5.3 Sustainability
DOV pays out 19.51% of its income as dividend. This is a sustainable payout ratio.
The dividend of DOV is growing, but earnings are growing more, so the dividend growth is sustainable.
DP19.51%
EPS Next 2Y6.51%
EPS Next 3Y6.72%
DOVER CORP
NYSE:DOV (5/2/2024, 7:04:00 PM)
After market: 177.55 0 (0%)177.55
-0.3 (-0.17%)
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 Cap24.39B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.15% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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Min EPS beat(2)
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EPS beat(8)
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EPS beat(16)
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Revenue beat(2)
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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 | 20.18 | ||
| Fwd PE | 17.81 | ||
| 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)5.03
PEG (5Y)1.86
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