DOVALUE SPA (DOV.MI) Stock Fundamental Analysis
BIT:DOV - Euronext Milan - IT0005610958 - Common Stock - Currency: EUR
We assign a fundamental rating of 3 out of 10 to DOV. DOV was compared to 44 industry peers in the Commercial Services & Supplies industry. While DOV is still in line with the averages on profitability rating, there are concerns on its financial health. DOV is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
DOV had negative earnings in the past year.
In the past year DOV had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: DOV reported negative net income in multiple years.
In the past 5 years DOV always reported a positive cash flow from operatings.
1.2 Ratios
DOV has a worse Return On Assets (-1.38%) than 60.87% of its industry peers.
With a Return On Equity value of -23.06%, DOV is not doing good in the industry: 73.91% of the companies in the same industry are doing better.
DOV has a better Return On Invested Capital (6.61%) than 69.57% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for DOV is in line with the industry average of 7.74%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.38% | ||
| ROE | -23.06% | ||
| ROIC | 6.61% |
ROA(3y)0.58%
ROA(5y)0.79%
ROE(3y)-2.13%
ROE(5y)-1.34%
ROIC(3y)9%
ROIC(5y)8.77%
1.3 Margins
DOV has a better Operating Margin (10.71%) than 78.26% of its industry peers.
In the last couple of years the Operating Margin of DOV has declined.
The Gross Margin of DOV (95.24%) is better than 95.65% of its industry peers.
In the last couple of years the Gross Margin of DOV has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.71% | ||
| PM (TTM) | N/A | ||
| GM | 95.24% |
OM growth 3Y12.58%
OM growth 5Y-11.95%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y2.06%
GM growth 5Y0.57%
2. Health
2.1 Basic Checks
DOV has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
DOV has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, DOV has less shares outstanding
DOV has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.81, we must say that DOV is in the distress zone and has some risk of bankruptcy.
DOV has a Altman-Z score of 0.81. This is in the lower half of the industry: DOV underperforms 60.87% of its industry peers.
The Debt to FCF ratio of DOV is 14.87, which is on the high side as it means it would take DOV, 14.87 years of fcf income to pay off all of its debts.
DOV has a Debt to FCF ratio (14.87) which is in line with its industry peers.
DOV has a Debt/Equity ratio of 5.96. This is a high value indicating a heavy dependency on external financing.
DOV's Debt to Equity ratio of 5.96 is on the low side compared to the rest of the industry. DOV is outperformed by 84.78% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 5.96 | ||
| Debt/FCF | 14.87 | ||
| Altman-Z | 0.81 |
ROIC/WACC1.34
WACC4.93%
2.3 Liquidity
A Current Ratio of 0.81 indicates that DOV may have some problems paying its short term obligations.
The Current ratio of DOV (0.81) is worse than 71.74% of its industry peers.
A Quick Ratio of 0.81 indicates that DOV may have some problems paying its short term obligations.
With a Quick ratio value of 0.81, DOV is not doing good in the industry: 63.04% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.81 | ||
| Quick Ratio | 0.81 |
3. Growth
3.1 Past
DOV shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -617.23%.
DOV shows a decrease in Revenue. In the last year, the revenue decreased by -1.65%.
The Revenue has been growing by 15.29% on average over the past years. This is quite good.
EPS 1Y (TTM)-617.23%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-692.82%
Revenue 1Y (TTM)-1.65%
Revenue growth 3Y4.54%
Revenue growth 5Y15.29%
Sales Q2Q%-7.81%
3.2 Future
DOV is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -7.97% yearly.
DOV is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.94% yearly.
EPS Next Y-54.98%
EPS Next 2Y-21.8%
EPS Next 3Y-7.97%
EPS Next 5YN/A
Revenue Next Year-13.24%
Revenue Next 2Y-5.21%
Revenue Next 3Y5.23%
Revenue Next 5Y0.94%
3.3 Evolution
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
DOV reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
With a Price/Forward Earnings ratio of 7.56, the valuation of DOV can be described as very cheap.
DOV's Price/Forward Earnings ratio is rather cheap when compared to the industry. DOV is cheaper than 89.13% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.10, DOV is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 7.56 |
4.2 Price Multiples
65.22% of the companies in the same industry are more expensive than DOV, based on the Enterprise Value to EBITDA ratio.
73.91% of the companies in the same industry are more expensive than DOV, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.92 | ||
| EV/EBITDA | 6.04 |
4.3 Compensation for Growth
DOV's earnings are expected to decrease with -7.97% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-21.8%
EPS Next 3Y-7.97%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 19.87%, DOV is a good candidate for dividend investing.
DOV's Dividend Yield is rather good when compared to the industry average which is at 3.64. DOV pays more dividend than 100.00% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.33, DOV pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 19.87% |
5.2 History
On average, the dividend of DOV grows each year by 24.12%, which is quite nice.
Dividend Growth(5Y)24.12%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
DOV has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-2.83%
EPS Next 2Y-21.8%
EPS Next 3Y-7.97%
BIT:DOV (3/7/2025, 7:00:00 PM)
1.736
-0.01 (-0.57%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryCommercial Services & Supplies
Earnings (Last)
Earnings (Next)
Inst Owners14.88%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap330.08M
Analysts80
Price Target2.44 (40.55%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 19.87% |
Yearly Dividend1.16
Dividend Growth(5Y)24.12%
DP-2.83%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)2.77%
Min Revenue beat(2)-2.42%
Max Revenue beat(2)7.95%
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)8.52%
PT rev (3m)-7.88%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)-23.86%
EPS NY rev (3m)-77.52%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)-2.41%
Revenue NY rev (3m)-3.24%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 7.56 | ||
| P/S | 0.71 | ||
| P/FCF | 7.92 | ||
| P/OCF | 4.99 | ||
| P/B | 5.75 | ||
| P/tB | N/A | ||
| EV/EBITDA | 6.04 |
EPS(TTM)-1.44
EYN/A
EPS(NY)0.23
Fwd EY13.24%
FCF(TTM)0.22
FCFY12.63%
OCF(TTM)0.35
OCFY20.06%
SpS2.44
BVpS0.3
TBVpS-2.09
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.38% | ||
| ROE | -23.06% | ||
| ROCE | 9.23% | ||
| ROIC | 6.61% | ||
| ROICexc | 7.88% | ||
| ROICexgc | 212.63% | ||
| OM | 10.71% | ||
| PM (TTM) | N/A | ||
| GM | 95.24% | ||
| FCFM | 9% |
ROA(3y)0.58%
ROA(5y)0.79%
ROE(3y)-2.13%
ROE(5y)-1.34%
ROIC(3y)9%
ROIC(5y)8.77%
ROICexc(3y)10.69%
ROICexc(5y)10.64%
ROICexgc(3y)34.93%
ROICexgc(5y)35.46%
ROCE(3y)12.12%
ROCE(5y)11.77%
ROICexcg growth 3Y-1.95%
ROICexcg growth 5Y-2.77%
ROICexc growth 3Y17.24%
ROICexc growth 5Y-21.53%
OM growth 3Y12.58%
OM growth 5Y-11.95%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y2.06%
GM growth 5Y0.57%
F-Score6
Asset Turnover0.48
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 5.96 | ||
| Debt/FCF | 14.87 | ||
| Debt/EBITDA | 2.48 | ||
| Cap/Depr | 27.7% | ||
| Cap/Sales | 5.3% | ||
| Interest Coverage | 2.03 | ||
| Cash Conversion | 47.94% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.81 | ||
| Quick Ratio | 0.81 | ||
| Altman-Z | 0.81 |
F-Score6
WACC4.93%
ROIC/WACC1.34
Cap/Depr(3y)44.8%
Cap/Depr(5y)37.3%
Cap/Sales(3y)7.17%
Cap/Sales(5y)5.71%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-617.23%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-692.82%
EPS Next Y-54.98%
EPS Next 2Y-21.8%
EPS Next 3Y-7.97%
EPS Next 5YN/A
Revenue 1Y (TTM)-1.65%
Revenue growth 3Y4.54%
Revenue growth 5Y15.29%
Sales Q2Q%-7.81%
Revenue Next Year-13.24%
Revenue Next 2Y-5.21%
Revenue Next 3Y5.23%
Revenue Next 5Y0.94%
EBIT growth 1Y-32.86%
EBIT growth 3Y17.7%
EBIT growth 5Y1.51%
EBIT Next Year87.61%
EBIT Next 3Y36.24%
EBIT Next 5Y17.92%
FCF growth 1Y-33.55%
FCF growth 3Y-14.06%
FCF growth 5Y-0.38%
OCF growth 1Y-49.9%
OCF growth 3Y-10.28%
OCF growth 5Y4.82%