DOVER CORP (DOV) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:DOV - US2600031080 - Common Stock
199.03 USD
-1.12 (-0.56%)
199.03 USD
0 (0%)
DOV gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 132 industry peers in the Machinery industry. DOV scores excellent points on both the profitability and health parts. This is a solid base for a good stock. DOV is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
DOV had positive earnings in the past year.
In the past year DOV had a positive cash flow from operations.
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
The Return On Assets of DOV (16.75%) is better than 96.21% of its industry peers.
The Return On Equity of DOV (29.33%) is better than 94.70% of its industry peers.
The Return On Invested Capital of DOV (10.10%) is better than 71.21% of its industry peers.
The Average Return On Invested Capital over the past 3 years for DOV is in line with the industry average of 10.27%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 16.75% | ||
| ROE | 29.33% | ||
| ROIC | 10.1% |
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 28.37%, DOV belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
In the last couple of years the Profit Margin of DOV has grown nicely.
DOV has a Operating Margin of 17.46%. This is amongst the best in the industry. DOV outperforms 82.58% of its industry peers.
DOV's Operating Margin has improved in the last couple of years.
DOV has a better Gross Margin (40.04%) than 72.73% of its industry peers.
DOV's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 17.46% | ||
| PM (TTM) | 28.37% | ||
| GM | 40.04% |
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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), DOV is creating some value.
DOV has less shares outstanding than it did 1 year ago.
The number of shares outstanding for DOV has been reduced compared to 5 years ago.
The debt/assets ratio for DOV has been reduced compared to a year ago.
2.2 Solvency
DOV has an Altman-Z score of 5.44. This indicates that DOV is financially healthy and has little risk of bankruptcy at the moment.
DOV's Altman-Z score of 5.44 is amongst the best of the industry. DOV outperforms 80.30% of its industry peers.
DOV has a debt to FCF ratio of 5.42. This is a neutral value as DOV would need 5.42 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 5.42, DOV is in line with its industry, outperforming 53.03% of the companies in the same industry.
A Debt/Equity ratio of 0.35 indicates that DOV is not too dependend on debt financing.
With a Debt to Equity ratio value of 0.35, DOV perfoms like the industry average, outperforming 59.85% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.35 | ||
| Debt/FCF | 5.42 | ||
| Altman-Z | 5.44 |
ROIC/WACC1.09
WACC9.28%
2.3 Liquidity
A Current Ratio of 2.04 indicates that DOV has no problem at all paying its short term obligations.
DOV has a Current ratio (2.04) which is comparable to the rest of the industry.
DOV has a Quick Ratio of 1.44. This is a normal value and indicates that DOV is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.44, DOV is in the better half of the industry, outperforming 62.88% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.04 | ||
| Quick Ratio | 1.44 |
3. Growth
3.1 Past
DOV shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 3.10%.
The Earnings Per Share has been growing by 8.13% on average over the past years. This is quite good.
Looking at the last year, DOV shows a decrease in Revenue. The Revenue has decreased by -5.24% in the last year.
The Revenue has been growing slightly by 1.65% on average over the past years.
EPS 1Y (TTM)3.1%
EPS 3Y4.79%
EPS 5Y8.13%
EPS Q2Q%15.42%
Revenue 1Y (TTM)-5.24%
Revenue growth 3Y-0.68%
Revenue growth 5Y1.65%
Sales Q2Q%4.75%
3.2 Future
The Earnings Per Share is expected to grow by 5.98% on average over the next years.
Based on estimates for the next years, DOV will show a small growth in Revenue. The Revenue will grow by 4.78% on average per year.
EPS Next Y10.09%
EPS Next 2Y9.89%
EPS Next 3Y9.39%
EPS Next 5Y5.98%
Revenue Next Year3.58%
Revenue Next 2Y4.54%
Revenue Next 3Y4.49%
Revenue Next 5Y4.78%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 21.38, DOV is valued on the expensive side.
DOV's Price/Earnings ratio is a bit cheaper when compared to the industry. DOV is cheaper than 67.42% 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 26.84.
With a Price/Forward Earnings ratio of 18.77, DOV is valued on the expensive side.
62.12% of the companies in the same industry are more expensive than DOV, based on the Price/Forward Earnings ratio.
DOV's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 23.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.38 | ||
| Fwd PE | 18.77 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of DOV is on the same level as its industry peers.
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 62.88% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 48.18 | ||
| EV/EBITDA | 16.46 |
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)2.12
PEG (5Y)2.63
EPS Next 2Y9.89%
EPS Next 3Y9.39%
5. Dividend
5.1 Amount
DOV has a Yearly Dividend Yield of 1.04%.
Compared to an average industry Dividend Yield of 0.98, DOV pays a bit more dividend than its industry peers.
With a Dividend Yield of 1.04, DOV pays less dividend than the S&P500 average, which is at 2.00.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.04% |
5.2 History
The dividend of DOV has a limited annual growth rate of 0.91%.
DOV has been paying a dividend for at least 10 years, so it has 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)0.91%
Div Incr Years34
Div Non Decr Years34
5.3 Sustainability
12.63% 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.
DP12.63%
EPS Next 2Y9.89%
EPS Next 3Y9.39%
199.03
-1.12 (-0.56%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners87.95%
Inst Owner Change0.56%
Ins Owners1.01%
Ins Owner Change0.99%
Market Cap27.30B
Revenue(TTM)7.92B
Net Income(TTM)2.25B
Analysts77.5
Price Target217.67 (9.37%)
Short Float %3.63%
Short Ratio4.13
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.04% |
Yearly Dividend2.04
Dividend Growth(5Y)0.91%
DP12.63%
Div Incr Years34
Div Non Decr Years34
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)2.24%
Min EPS beat(2)1.05%
Max EPS beat(2)3.42%
EPS beat(4)4
Avg EPS beat(4)2.95%
Min EPS beat(4)1.05%
Max EPS beat(4)4.86%
EPS beat(8)7
Avg EPS beat(8)2.4%
EPS beat(12)8
Avg EPS beat(12)0.89%
EPS beat(16)12
Avg EPS beat(16)1.49%
Revenue beat(2)0
Avg Revenue beat(2)-1.45%
Min Revenue beat(2)-2.54%
Max Revenue beat(2)-0.36%
Revenue beat(4)0
Avg Revenue beat(4)-1.64%
Min Revenue beat(4)-2.54%
Max Revenue beat(4)-0.36%
Revenue beat(8)2
Avg Revenue beat(8)-1.45%
Revenue beat(12)2
Avg Revenue beat(12)-1.81%
Revenue beat(16)4
Avg Revenue beat(16)-1.33%
PT rev (1m)0.44%
PT rev (3m)1.13%
EPS NQ rev (1m)0.14%
EPS NQ rev (3m)-0.18%
EPS NY rev (1m)-0.1%
EPS NY rev (3m)0.92%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.8%
Revenue NY rev (1m)0.07%
Revenue NY rev (3m)-0.57%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.38 | ||
| Fwd PE | 18.77 | ||
| P/S | 3.45 | ||
| P/FCF | 48.18 | ||
| P/OCF | 34.83 | ||
| P/B | 3.56 | ||
| P/tB | 60.81 | ||
| EV/EBITDA | 16.46 |
EPS(TTM)9.31
EY4.68%
EPS(NY)10.6
Fwd EY5.33%
FCF(TTM)4.13
FCFY2.08%
OCF(TTM)5.71
OCFY2.87%
SpS57.77
BVpS55.87
TBVpS3.27
PEG (NY)2.12
PEG (5Y)2.63
Graham Number108.19
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 16.75% | ||
| ROE | 29.33% | ||
| ROCE | 12.34% | ||
| ROIC | 10.1% | ||
| ROICexc | 11.72% | ||
| ROICexgc | 46.26% | ||
| OM | 17.46% | ||
| PM (TTM) | 28.37% | ||
| GM | 40.04% | ||
| FCFM | 7.15% |
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%
ROICexgc growth 3Y-7.13%
ROICexgc 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 Turnover0.59
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.35 | ||
| Debt/FCF | 5.42 | ||
| Debt/EBITDA | 1.53 | ||
| Cap/Depr | 59.19% | ||
| Cap/Sales | 2.74% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 44.77% | ||
| Profit Quality | 25.2% | ||
| Current Ratio | 2.04 | ||
| Quick Ratio | 1.44 | ||
| Altman-Z | 5.44 |
F-Score7
WACC9.28%
ROIC/WACC1.09
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)3.1%
EPS 3Y4.79%
EPS 5Y8.13%
EPS Q2Q%15.42%
EPS Next Y10.09%
EPS Next 2Y9.89%
EPS Next 3Y9.39%
EPS Next 5Y5.98%
Revenue 1Y (TTM)-5.24%
Revenue growth 3Y-0.68%
Revenue growth 5Y1.65%
Sales Q2Q%4.75%
Revenue Next Year3.58%
Revenue Next 2Y4.54%
Revenue Next 3Y4.49%
Revenue Next 5Y4.78%
EBIT growth 1Y-1.85%
EBIT growth 3Y-0.82%
EBIT growth 5Y4%
EBIT Next Year29.09%
EBIT Next 3Y14.05%
EBIT Next 5Y8.46%
FCF growth 1Y-41.72%
FCF growth 3Y-14.96%
FCF growth 5Y-5.2%
OCF growth 1Y-32.36%
OCF growth 3Y-12.47%
OCF growth 5Y-4.56%
DOVER CORP / DOV FAQ
What is the fundamental rating for DOV stock?
ChartMill assigns a fundamental rating of 6 / 10 to DOV.
What is the valuation status for DOV stock?
ChartMill assigns a valuation rating of 3 / 10 to DOVER CORP (DOV). This can be considered as Overvalued.
What is the profitability of DOV stock?
DOVER CORP (DOV) has a profitability rating of 8 / 10.
Can you provide the financial health for DOV stock?
The financial health rating of DOVER CORP (DOV) is 6 / 10.
Can you provide the expected EPS growth for DOV stock?
The Earnings per Share (EPS) of DOVER CORP (DOV) is expected to grow by 10.09% in the next year.