DYCOM INDUSTRIES INC (DY) Stock Fundamental Analysis
NYSE:DY - New York Stock Exchange, Inc. - US2674751019 - Common Stock - Currency: USD
Overall DY gets a fundamental rating of 6 out of 10. We evaluated DY against 50 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 has a correct valuation and a medium growth rate. This makes DY very considerable for quality investing!
1. Profitability
1.1 Basic Checks
DY had positive earnings in the past year.
In the past year DY had a positive cash flow from operations.
Each year in the past 5 years DY has been profitable.
In the past 5 years DY always reported a positive cash flow from operatings.
1.2 Ratios
DY has a Return On Assets of 7.92%. This is in the better half of the industry: DY outperforms 76.00% of its industry peers.
DY has a better Return On Equity (18.84%) than 74.00% of its industry peers.
With a decent Return On Invested Capital value of 10.76%, DY is doing good in the industry, outperforming 76.00% of the companies in the same industry.
DY had an Average Return On Invested Capital over the past 3 years of 10.49%. This is in line with the industry average of 12.17%.
The last Return On Invested Capital (10.76%) for DY is above the 3 year average (10.49%), which is a sign of increasing profitability.
| 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 68.00% of its industry peers.
In the last couple of years the Profit Margin of DY has grown nicely.
DY has a Operating Margin of 7.15%. This is in the better half of the industry: DY outperforms 66.00% of its industry peers.
In the last couple of years the Operating Margin of DY has grown nicely.
Looking at the Gross Margin, with a value of 19.82%, DY is in line with its industry, outperforming 60.00% of the companies in the same industry.
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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), DY is creating some value.
Compared to 1 year ago, DY has less shares outstanding
The number of shares outstanding for DY has been reduced compared to 5 years ago.
Compared to 1 year ago, DY has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 4.83 indicates that DY is not in any danger for bankruptcy at the moment.
DY has a better Altman-Z score (4.83) than 80.00% 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.
DY has a Debt to FCF ratio (9.56) which is in line with its industry peers.
A Debt/Equity ratio of 0.75 indicates that DY is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.75, DY is in line with its industry, outperforming 44.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.75 | ||
| Debt/FCF | 9.56 | ||
| Altman-Z | 4.83 |
ROIC/WACC1.14
WACC9.4%
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.
DY's Current ratio of 2.89 is amongst the best of the industry. DY outperforms 96.00% of its industry peers.
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.
DY's Quick ratio of 2.67 is amongst the best of the industry. DY outperforms 98.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.89 | ||
| Quick Ratio | 2.67 |
3. Growth
3.1 Past
DY shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 14.38%, which is quite good.
DY shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 30.01% yearly.
DY shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 12.61%.
DY shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.08% yearly.
EPS 1Y (TTM)14.38%
EPS 3Y80.65%
EPS 5Y30.01%
EPS Q2Q%48.1%
Revenue 1Y (TTM)12.61%
Revenue growth 3Y14.52%
Revenue growth 5Y7.08%
Sales Q2Q%13.87%
3.2 Future
The Earnings Per Share is expected to grow by 14.88% 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 Y13.94%
EPS Next 2Y14.28%
EPS Next 3Y14.88%
EPS Next 5YN/A
Revenue Next Year12.77%
Revenue Next 2Y10.36%
Revenue Next 3Y10.16%
Revenue Next 5YN/A
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of 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
Based on the Price/Earnings ratio of 21.70, the valuation of DY can be described as rather expensive.
DY's Price/Earnings ratio is a bit cheaper when compared to the industry. DY is cheaper than 68.00% of the companies in the same industry.
DY is valuated rather cheaply when we compare the Price/Earnings ratio to 28.18, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 19.05, which indicates a rather expensive current valuation of DY.
Compared to the rest of the industry, the Price/Forward Earnings ratio of DY indicates a somewhat cheap valuation: DY is cheaper than 64.00% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of DY to the average of the S&P500 Index (20.81), we can say DY is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.7 | ||
| Fwd PE | 19.05 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, DY is valued a bit cheaper than the industry average as 76.00% of the companies are valued more expensively.
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 | 53.38 | ||
| EV/EBITDA | 11.3 |
4.3 Compensation for Growth
DY's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
DY has a very decent profitability rating, which may justify a higher PE ratio.
DY's earnings are expected to grow with 14.88% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.56
PEG (5Y)0.72
EPS Next 2Y14.28%
EPS Next 3Y14.88%
5. Dividend
5.1 Amount
No dividends for DY!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
182.96
+2.43 (+1.35%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)
Earnings (Next)
Inst Owners99.73%
Inst Owner Change1.09%
Ins Owners1.01%
Ins Owner Change3.35%
Market Cap5.27B
Analysts85.88
Price Target215.09 (17.56%)
Short Float %3.03%
Short Ratio1.41
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)-2.89%
PT rev (3m)-4.53%
EPS NQ rev (1m)2.24%
EPS NQ rev (3m)-8.49%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.7%
Revenue NQ rev (1m)0.49%
Revenue NQ rev (3m)-3.98%
Revenue NY rev (1m)-0.33%
Revenue NY rev (3m)-0.41%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.7 | ||
| Fwd PE | 19.05 | ||
| P/S | 1.12 | ||
| P/FCF | 53.38 | ||
| P/OCF | 15.08 | ||
| P/B | 4.25 | ||
| P/tB | 7.64 | ||
| EV/EBITDA | 11.3 |
EPS(TTM)8.43
EY4.61%
EPS(NY)9.61
Fwd EY5.25%
FCF(TTM)3.43
FCFY1.87%
OCF(TTM)12.13
OCFY6.63%
SpS163.38
BVpS43.05
TBVpS23.94
PEG (NY)1.56
PEG (5Y)0.72
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 | 4.83 |
F-Score5
WACC9.4%
ROIC/WACC1.14
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)14.38%
EPS 3Y80.65%
EPS 5Y30.01%
EPS Q2Q%48.1%
EPS Next Y13.94%
EPS Next 2Y14.28%
EPS Next 3Y14.88%
EPS Next 5YN/A
Revenue 1Y (TTM)12.61%
Revenue growth 3Y14.52%
Revenue growth 5Y7.08%
Sales Q2Q%13.87%
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 Year93.03%
EBIT Next 3Y33.75%
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%