DOUGLAS DYNAMICS INC (PLOW) Stock Fundamental Analysis
NYSE:PLOW - New York Stock Exchange, Inc. - US25960R1059 - Common Stock - Currency: USD
PLOW gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 128 industry peers in the Machinery industry. Both the profitability and the financial health of PLOW get a neutral evaluation. Nothing too spectacular is happening here. PLOW is not valued too expensively and it also shows a decent growth rate. PLOW also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
PLOW had positive earnings in the past year.
PLOW had a positive operating cash flow in the past year.
Of the past 5 years PLOW 4 years were profitable.
In the past 5 years PLOW always reported a positive cash flow from operatings.
1.2 Ratios
With a decent Return On Assets value of 8.89%, PLOW is doing good in the industry, outperforming 75.78% of the companies in the same industry.
PLOW has a Return On Equity of 21.33%. This is amongst the best in the industry. PLOW outperforms 85.16% of its industry peers.
PLOW has a Return On Invested Capital (7.72%) which is in line with its industry peers.
PLOW had an Average Return On Invested Capital over the past 3 years of 7.76%. This is below the industry average of 10.72%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.89% | ||
| ROE | 21.33% | ||
| ROIC | 7.72% |
ROA(3y)6.6%
ROA(5y)2.04%
ROE(3y)15.79%
ROE(5y)3.68%
ROIC(3y)7.76%
ROIC(5y)7.94%
1.3 Margins
PLOW has a better Profit Margin (8.08%) than 63.28% of its industry peers.
PLOW's Profit Margin has improved in the last couple of years.
The Operating Margin of PLOW (7.44%) is comparable to the rest of the industry.
PLOW's Operating Margin has declined in the last couple of years.
With a Gross Margin value of 25.60%, PLOW is not doing good in the industry: 62.50% of the companies in the same industry are doing better.
In the last couple of years the Gross Margin of PLOW has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.44% | ||
| PM (TTM) | 8.08% | ||
| GM | 25.6% |
OM growth 3Y-4.63%
OM growth 5Y-11.17%
PM growth 3Y19.55%
PM growth 5Y2.69%
GM growth 3Y-0.48%
GM growth 5Y-2.64%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), PLOW is destroying value.
Compared to 1 year ago, PLOW has more shares outstanding
PLOW has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, PLOW has an improved debt to assets ratio.
2.2 Solvency
PLOW has an Altman-Z score of 2.97. This is not the best score and indicates that PLOW is in the grey zone with still only limited risk for bankruptcy at the moment.
With a Altman-Z score value of 2.97, PLOW perfoms like the industry average, outperforming 45.31% of the companies in the same industry.
PLOW has a debt to FCF ratio of 3.03. This is a good value and a sign of high solvency as PLOW would need 3.03 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 3.03, PLOW is doing good in the industry, outperforming 64.06% of the companies in the same industry.
PLOW has a Debt/Equity ratio of 0.59. This is a neutral value indicating PLOW is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.59, PLOW is doing worse than 60.94% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.59 | ||
| Debt/FCF | 3.03 | ||
| Altman-Z | 2.97 |
ROIC/WACC0.73
WACC10.64%
2.3 Liquidity
PLOW has a Current Ratio of 2.37. This indicates that PLOW is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 2.37, PLOW is in line with its industry, outperforming 59.38% of the companies in the same industry.
PLOW has a Quick Ratio of 2.37. This is a bad value and indicates that PLOW is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.70, PLOW is not doing good in the industry: 85.16% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.37 | ||
| Quick Ratio | 0.7 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 45.24% over the past year.
Measured over the past years, PLOW shows a decrease in Earnings Per Share. The EPS has been decreasing by -9.74% on average per year.
Looking at the last year, PLOW shows a quite strong growth in Revenue. The Revenue has grown by 17.59% in the last year.
PLOW shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -0.11% yearly.
EPS 1Y (TTM)45.24%
EPS 3Y-4.41%
EPS 5Y-9.74%
EPS Q2Q%131.03%
Revenue 1Y (TTM)17.59%
Revenue growth 3Y1.64%
Revenue growth 5Y-0.11%
Sales Q2Q%20.29%
3.2 Future
The Earnings Per Share is expected to grow by 27.11% on average over the next years. This is a very strong growth
Based on estimates for the next years, PLOW will show a small growth in Revenue. The Revenue will grow by 7.86% on average per year.
EPS Next Y39.28%
EPS Next 2Y27.11%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year8.22%
Revenue Next 2Y7.86%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better 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
Based on the Price/Earnings ratio of 15.84, the valuation of PLOW can be described as correct.
Compared to the rest of the industry, the Price/Earnings ratio of PLOW indicates a somewhat cheap valuation: PLOW is cheaper than 75.00% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 26.32. PLOW is valued slightly cheaper when compared to this.
Based on the Price/Forward Earnings ratio of 12.37, the valuation of PLOW can be described as correct.
Based on the Price/Forward Earnings ratio, PLOW is valued a bit cheaper than 79.69% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of PLOW to the average of the S&P500 Index (22.19), we can say PLOW is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.84 | ||
| Fwd PE | 12.37 |
4.2 Price Multiples
62.50% of the companies in the same industry are more expensive than PLOW, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, PLOW is valued cheaper than 84.38% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.75 | ||
| EV/EBITDA | 12.04 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PLOW's earnings are expected to grow with 27.11% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.4
PEG (5Y)N/A
EPS Next 2Y27.11%
EPS Next 3YN/A
5. Dividend
5.1 Amount
PLOW has a Yearly Dividend Yield of 4.05%, which is a nice return.
Compared to an average industry Dividend Yield of 1.90, PLOW pays a better dividend. On top of this PLOW pays more dividend than 93.75% of the companies listed in the same industry.
PLOW's Dividend Yield is rather good when compared to the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.05% |
5.2 History
The dividend of PLOW has a limited annual growth rate of 1.50%.
PLOW has paid a dividend for at least 10 years, which is a reliable track record.
PLOW has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)1.5%
Div Incr Years0
Div Non Decr Years14
5.3 Sustainability
50.25% of the earnings are spent on dividend by PLOW. This is a bit on the high side, but may be sustainable.
The dividend of PLOW is growing, but earnings are growing more, so the dividend growth is sustainable.
DP50.25%
EPS Next 2Y27.11%
EPS Next 3YN/A
NYSE:PLOW (6/18/2025, 10:24:47 AM)
28.98
+0.19 (+0.66%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners94.46%
Inst Owner Change2.19%
Ins Owners2.09%
Ins Owner Change6.47%
Market Cap672.63M
Analysts80
Price Target34.34 (18.5%)
Short Float %1.8%
Short Ratio1.73
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.05% |
Yearly Dividend1.19
Dividend Growth(5Y)1.5%
DP50.25%
Div Incr Years0
Div Non Decr Years14
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)139.52%
Min EPS beat(2)23.34%
Max EPS beat(2)255.7%
EPS beat(4)4
Avg EPS beat(4)89.65%
Min EPS beat(4)13.85%
Max EPS beat(4)255.7%
EPS beat(8)6
Avg EPS beat(8)33.49%
EPS beat(12)9
Avg EPS beat(12)0.06%
EPS beat(16)11
Avg EPS beat(16)2.2%
Revenue beat(2)1
Avg Revenue beat(2)-2.35%
Min Revenue beat(2)-9.34%
Max Revenue beat(2)4.64%
Revenue beat(4)2
Avg Revenue beat(4)-1.9%
Min Revenue beat(4)-10.15%
Max Revenue beat(4)7.23%
Revenue beat(8)4
Avg Revenue beat(8)-5%
Revenue beat(12)6
Avg Revenue beat(12)-4.07%
Revenue beat(16)9
Avg Revenue beat(16)-2.05%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.34%
EPS NY rev (1m)0%
EPS NY rev (3m)2.59%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-3.71%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.91%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.84 | ||
| Fwd PE | 12.37 | ||
| P/S | 0.98 | ||
| P/FCF | 12.75 | ||
| P/OCF | 10.95 | ||
| P/B | 2.6 | ||
| P/tB | 19.93 | ||
| EV/EBITDA | 12.04 |
EPS(TTM)1.83
EY6.31%
EPS(NY)2.34
Fwd EY8.08%
FCF(TTM)2.27
FCFY7.85%
OCF(TTM)2.65
OCFY9.13%
SpS29.45
BVpS11.15
TBVpS1.45
PEG (NY)0.4
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.89% | ||
| ROE | 21.33% | ||
| ROCE | 10.06% | ||
| ROIC | 7.72% | ||
| ROICexc | 7.83% | ||
| ROICexgc | 14.02% | ||
| OM | 7.44% | ||
| PM (TTM) | 8.08% | ||
| GM | 25.6% | ||
| FCFM | 7.72% |
ROA(3y)6.6%
ROA(5y)2.04%
ROE(3y)15.79%
ROE(5y)3.68%
ROIC(3y)7.76%
ROIC(5y)7.94%
ROICexc(3y)8.02%
ROICexc(5y)8.38%
ROICexgc(3y)15.46%
ROICexgc(5y)17.44%
ROCE(3y)10.15%
ROCE(5y)10.28%
ROICexcg growth 3Y-14.39%
ROICexcg growth 5Y-18.59%
ROICexc growth 3Y-7.06%
ROICexc growth 5Y-8.75%
OM growth 3Y-4.63%
OM growth 5Y-11.17%
PM growth 3Y19.55%
PM growth 5Y2.69%
GM growth 3Y-0.48%
GM growth 5Y-2.64%
F-Score8
Asset Turnover1.1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.59 | ||
| Debt/FCF | 3.03 | ||
| Debt/EBITDA | 2.27 | ||
| Cap/Depr | 52.8% | ||
| Cap/Sales | 1.26% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 91.38% | ||
| Profit Quality | 95.59% | ||
| Current Ratio | 2.37 | ||
| Quick Ratio | 0.7 | ||
| Altman-Z | 2.97 |
F-Score8
WACC10.64%
ROIC/WACC0.73
Cap/Depr(3y)49.92%
Cap/Depr(5y)55.67%
Cap/Sales(3y)1.73%
Cap/Sales(5y)2.05%
Profit Quality(3y)47.07%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)45.24%
EPS 3Y-4.41%
EPS 5Y-9.74%
EPS Q2Q%131.03%
EPS Next Y39.28%
EPS Next 2Y27.11%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)17.59%
Revenue growth 3Y1.64%
Revenue growth 5Y-0.11%
Sales Q2Q%20.29%
Revenue Next Year8.22%
Revenue Next 2Y7.86%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-5.06%
EBIT growth 3Y-3.07%
EBIT growth 5Y-11.27%
EBIT Next Year24.14%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y1607.77%
FCF growth 3Y-12.26%
FCF growth 5Y-12.72%
OCF growth 1Y574.89%
OCF growth 3Y-12.09%
OCF growth 5Y-11.85%