DYCOM INDUSTRIES INC (DY) Stock Fundamental Analysis
NYSE:DY - New York Stock Exchange, Inc. - US2674751019 - Common Stock - Currency: USD
Taking everything into account, DY scores 6 out of 10 in our fundamental rating. DY was compared to 52 industry peers in the Construction & Engineering industry. DY gets an excellent profitability rating and is at the same time showing great financial health properties. DY is quite expensive at the moment. It does show a decent growth rate. This makes DY very considerable for quality investing!
1. Profitability
1.1 Basic Checks
In the past year DY was profitable.
In the past year DY had a positive cash flow from operations.
In the past 5 years DY has always been profitable.
DY had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 7.92%, DY is in the better half of the industry, outperforming 76.92% of the companies in the same industry.
DY has a better Return On Equity (18.84%) than 73.08% of its industry peers.
The Return On Invested Capital of DY (10.76%) is better than 75.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for DY is significantly below the industry average of 16.54%.
The 3 year average ROIC (10.49%) for DY is below the current ROIC(10.76%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.92% | ||
| ROE | 18.84% | ||
| ROIC | 10.76% |
ROA(3y)7.59%
ROA(5y)5.37%
ROE(3y)18.65%
ROE(5y)13.32%
ROIC(3y)10.49%
ROIC(5y)8.23%
1.3 Margins
DY's Profit Margin of 4.96% is fine compared to the rest of the industry. DY outperforms 69.23% of its industry peers.
DY's Profit Margin has improved in the last couple of years.
DY has a Operating Margin of 7.15%. This is in the better half of the industry: DY outperforms 67.31% of its industry peers.
In the last couple of years the Operating Margin of DY has grown nicely.
DY has a better Gross Margin (19.82%) than 61.54% of its industry peers.
In the last couple of years the Gross Margin of DY has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.15% | ||
| PM (TTM) | 4.96% | ||
| GM | 19.82% |
OM growth 3Y40.01%
OM growth 5Y15.19%
PM growth 3Y47.32%
PM growth 5Y23.72%
GM growth 3Y7.71%
GM growth 5Y3.41%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so DY is still creating some value.
The number of shares outstanding for DY has been reduced compared to 1 year ago.
DY has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, DY has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 5.34 indicates that DY is not in any danger for bankruptcy at the moment.
The Altman-Z score of DY (5.34) is better than 75.00% of its industry peers.
DY has a debt to FCF ratio of 9.56. This is a negative value and a sign of low solvency as DY would need 9.56 years to pay back of all of its debts.
With a Debt to FCF ratio value of 9.56, DY perfoms like the industry average, outperforming 51.92% of the companies in the same industry.
A Debt/Equity ratio of 0.75 indicates that DY is somewhat dependend on debt financing.
DY's Debt to Equity ratio of 0.75 is in line compared to the rest of the industry. DY outperforms 44.23% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.75 | ||
| Debt/FCF | 9.56 | ||
| Altman-Z | 5.34 |
ROIC/WACC1.06
WACC10.12%
2.3 Liquidity
DY has a Current Ratio of 2.89. This indicates that DY is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 2.89, DY belongs to the top of the industry, outperforming 96.15% of the companies in the same industry.
DY has a Quick Ratio of 2.67. This indicates that DY is financially healthy and has no problem in meeting its short term obligations.
The Quick ratio of DY (2.67) is better than 96.15% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.89 | ||
| Quick Ratio | 2.67 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 8.25% over the past year.
The Earnings Per Share has been growing by 30.01% on average over the past years. This is a very strong growth
DY shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 12.77%.
DY shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.08% yearly.
EPS 1Y (TTM)8.25%
EPS 3Y80.65%
EPS 5Y30.01%
EPS Q2Q%-1.42%
Revenue 1Y (TTM)12.77%
Revenue growth 3Y14.52%
Revenue growth 5Y7.08%
Sales Q2Q%10.17%
3.2 Future
The Earnings Per Share is expected to grow by 15.97% on average over the next years. This is quite good.
Based on estimates for the next years, DY will show a quite strong growth in Revenue. The Revenue will grow by 10.16% on average per year.
EPS Next Y13.75%
EPS Next 2Y14.46%
EPS Next 3Y15.97%
EPS Next 5YN/A
Revenue Next Year12.77%
Revenue Next 2Y10.36%
Revenue Next 3Y10.16%
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.
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
DY is valuated quite expensively with a Price/Earnings ratio of 27.37.
Based on the Price/Earnings ratio, DY is valued a bit cheaper than the industry average as 65.38% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 26.25. DY is around the same levels.
The Price/Forward Earnings ratio is 20.82, which indicates a rather expensive current valuation of DY.
Compared to the rest of the industry, the Price/Forward Earnings ratio of DY is on the same level as its industry peers.
DY is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 22.15, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.37 | ||
| Fwd PE | 20.82 |
4.2 Price Multiples
DY's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. DY is cheaper than 65.38% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of DY is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 67.41 | ||
| EV/EBITDA | 14.02 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates DY does not grow enough to justify the current Price/Earnings ratio.
The decent profitability rating of DY may justify a higher PE ratio.
DY's earnings are expected to grow with 15.97% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.99
PEG (5Y)0.91
EPS Next 2Y14.46%
EPS Next 3Y15.97%
5. Dividend
5.1 Amount
No dividends for DY!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
229.92
+1.58 (+0.69%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)
Earnings (Next)
Inst Owners99.73%
Inst Owner Change2.63%
Ins Owners1.01%
Ins Owner Change3.01%
Market Cap6.65B
Analysts85.88
Price Target215.09 (-6.45%)
Short Float %2.7%
Short Ratio1.49
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)18.53%
Min EPS beat(2)10.79%
Max EPS beat(2)26.28%
EPS beat(4)4
Avg EPS beat(4)19.86%
Min EPS beat(4)5.78%
Max EPS beat(4)36.6%
EPS beat(8)7
Avg EPS beat(8)34.19%
EPS beat(12)11
Avg EPS beat(12)99.19%
EPS beat(16)13
Avg EPS beat(16)71.81%
Revenue beat(2)2
Avg Revenue beat(2)1.46%
Min Revenue beat(2)0.32%
Max Revenue beat(2)2.6%
Revenue beat(4)3
Avg Revenue beat(4)0.51%
Min Revenue beat(4)-2.43%
Max Revenue beat(4)2.6%
Revenue beat(8)5
Avg Revenue beat(8)0.81%
Revenue beat(12)9
Avg Revenue beat(12)2.49%
Revenue beat(16)11
Avg Revenue beat(16)1.39%
PT rev (1m)0%
PT rev (3m)-4.8%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-8.49%
EPS NY rev (1m)-0.17%
EPS NY rev (3m)-0.22%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-3.98%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.42%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.37 | ||
| Fwd PE | 20.82 | ||
| P/S | 1.41 | ||
| P/FCF | 67.41 | ||
| P/OCF | 19.05 | ||
| P/B | 5.37 | ||
| P/tB | 9.65 | ||
| EV/EBITDA | 14.02 |
EPS(TTM)8.4
EY3.65%
EPS(NY)11.04
Fwd EY4.8%
FCF(TTM)3.41
FCFY1.48%
OCF(TTM)12.07
OCFY5.25%
SpS162.59
BVpS42.85
TBVpS23.83
PEG (NY)1.99
PEG (5Y)0.91
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.92% | ||
| ROE | 18.84% | ||
| ROCE | 14.26% | ||
| ROIC | 10.76% | ||
| ROICexc | 11.2% | ||
| ROICexgc | 14.79% | ||
| OM | 7.15% | ||
| PM (TTM) | 4.96% | ||
| GM | 19.82% | ||
| FCFM | 2.1% |
ROA(3y)7.59%
ROA(5y)5.37%
ROE(3y)18.65%
ROE(5y)13.32%
ROIC(3y)10.49%
ROIC(5y)8.23%
ROICexc(3y)11.25%
ROICexc(5y)8.85%
ROICexgc(3y)14.58%
ROICexgc(5y)11.6%
ROCE(3y)13.92%
ROCE(5y)10.91%
ROICexcg growth 3Y36.19%
ROICexcg growth 5Y18%
ROICexc growth 3Y37.4%
ROICexc growth 5Y18.32%
OM growth 3Y40.01%
OM growth 5Y15.19%
PM growth 3Y47.32%
PM growth 5Y23.72%
GM growth 3Y7.71%
GM growth 5Y3.41%
F-Score5
Asset Turnover1.6
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.75 | ||
| Debt/FCF | 9.56 | ||
| Debt/EBITDA | 1.74 | ||
| Cap/Depr | 126.13% | ||
| Cap/Sales | 5.33% | ||
| Interest Coverage | 5.81 | ||
| Cash Conversion | 65.26% | ||
| Profit Quality | 42.26% | ||
| Current Ratio | 2.89 | ||
| Quick Ratio | 2.67 | ||
| Altman-Z | 5.34 |
F-Score5
WACC10.12%
ROIC/WACC1.06
Cap/Depr(3y)133.16%
Cap/Depr(5y)107.06%
Cap/Sales(3y)5.28%
Cap/Sales(5y)4.53%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)8.25%
EPS 3Y80.65%
EPS 5Y30.01%
EPS Q2Q%-1.42%
EPS Next Y13.75%
EPS Next 2Y14.46%
EPS Next 3Y15.97%
EPS Next 5YN/A
Revenue 1Y (TTM)12.77%
Revenue growth 3Y14.52%
Revenue growth 5Y7.08%
Sales Q2Q%10.17%
Revenue Next Year12.77%
Revenue Next 2Y10.36%
Revenue Next 3Y10.16%
Revenue Next 5YN/A
EBIT growth 1Y4.14%
EBIT growth 3Y60.34%
EBIT growth 5Y23.35%
EBIT Next Year96.65%
EBIT Next 3Y32.79%
EBIT Next 5YN/A
FCF growth 1Y143.65%
FCF growth 3Y-13.37%
FCF growth 5YN/A
OCF growth 1Y34.8%
OCF growth 3Y4.18%
OCF growth 5Y43.19%