DYCOM INDUSTRIES INC (DY) Stock Fundamental Analysis
NYSE:DY - New York Stock Exchange, Inc. - US2674751019 - Common Stock - Currency: USD
DY gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 51 industry peers in the Construction & Engineering industry. DY scores excellent points on both the profitability and health parts. This is a solid base for a good stock. DY is valied quite expensively at the moment, while 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.
DY had a positive operating cash flow in the past year.
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 76.47% of its industry peers.
DY has a better Return On Equity (18.84%) than 72.55% of its industry peers.
Looking at the Return On Invested Capital, with a value of 10.76%, DY is in the better half of the industry, outperforming 74.51% 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 significantly below the industry average of 16.97%.
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 has a better Profit Margin (4.96%) than 68.63% of its industry peers.
DY's Profit Margin has improved in the last couple of years.
DY's Operating Margin of 7.15% is fine compared to the rest of the industry. DY outperforms 66.67% of its industry peers.
DY's Operating Margin has improved in the last couple of years.
DY has a better Gross Margin (19.82%) than 60.78% 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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), DY is creating some value.
The number of shares outstanding for DY has been reduced compared to 1 year ago.
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 5.28 indicates that DY is not in any danger for bankruptcy at the moment.
DY has a better Altman-Z score (5.28) than 78.43% of its industry peers.
The Debt to FCF ratio of DY is 9.56, which is on the high side as it means it would take DY, 9.56 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 9.56, DY perfoms like the industry average, outperforming 49.02% of the companies in the same industry.
DY has a Debt/Equity ratio of 0.75. This is a neutral value indicating 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 45.10% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.75 | ||
| Debt/FCF | 9.56 | ||
| Altman-Z | 5.28 |
ROIC/WACC1.04
WACC10.33%
2.3 Liquidity
A Current Ratio of 2.89 indicates that DY has no problem at all paying its short term obligations.
With an excellent Current ratio value of 2.89, DY belongs to the best of the industry, outperforming 96.08% 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.
DY's Quick ratio of 2.67 is amongst the best of the industry. DY outperforms 96.08% 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 8.25%, which is quite good.
Measured over the past years, DY shows a very strong growth in Earnings Per Share. The EPS has been growing by 30.01% on average per year.
DY shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 12.77%.
The Revenue has been growing slightly by 7.08% on average over the past years.
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.
DY is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.16% yearly.
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.
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 27.11, DY can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Earnings ratio of DY indicates a somewhat cheap valuation: DY is cheaper than 64.71% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.35, DY is valued at the same level.
A Price/Forward Earnings ratio of 20.62 indicates a rather expensive valuation of DY.
DY's Price/Forward Earnings is on the same level as the industry average.
The average S&P500 Price/Forward Earnings ratio is at 22.20. DY is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.11 | ||
| Fwd PE | 20.62 |
4.2 Price Multiples
66.67% of the companies in the same industry are more expensive than DY, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, DY is valued a bit more expensive than the industry average as 62.75% of the companies are valued more cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 66.45 | ||
| EV/EBITDA | 13.71 |
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 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)1.97
PEG (5Y)0.9
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 |
227.76
+2.56 (+1.14%)
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 Change3.67%
Market Cap6.55B
Analysts85.88
Price Target215.09 (-5.56%)
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)-1.92%
PT rev (3m)-4.8%
EPS NQ rev (1m)2.24%
EPS NQ rev (3m)-8.49%
EPS NY rev (1m)-0.17%
EPS NY rev (3m)-0.22%
Revenue NQ rev (1m)0.65%
Revenue NQ rev (3m)-3.98%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.42%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.11 | ||
| Fwd PE | 20.62 | ||
| P/S | 1.39 | ||
| P/FCF | 66.45 | ||
| P/OCF | 18.78 | ||
| P/B | 5.29 | ||
| P/tB | 9.51 | ||
| EV/EBITDA | 13.71 |
EPS(TTM)8.4
EY3.69%
EPS(NY)11.04
Fwd EY4.85%
FCF(TTM)3.43
FCFY1.5%
OCF(TTM)12.13
OCFY5.33%
SpS163.38
BVpS43.05
TBVpS23.94
PEG (NY)1.97
PEG (5Y)0.9
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 | 5.28 |
F-Score5
WACC10.33%
ROIC/WACC1.04
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%