DOVER CORP (DOV) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:DOV - US2600031080 - Common Stock
199.12 USD
-2.16 (-1.07%)
199.12 USD
0 (0%)
Overall DOV gets a fundamental rating of 6 out of 10. We evaluated DOV against 130 industry peers in the Machinery industry. DOV scores excellent on profitability, but there are some minor concerns on its financial health. DOV is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year DOV was profitable.
DOV had a positive operating cash flow in the past year.
In the past 5 years DOV has always been profitable.
Each year in the past 5 years DOV had a positive operating cash flow.
1.2 Ratios
The Return On Assets of DOV (16.75%) is better than 96.15% of its industry peers.
DOV's Return On Equity of 29.33% is amongst the best of the industry. DOV outperforms 94.62% of its industry peers.
The Return On Invested Capital of DOV (10.10%) is better than 70.77% 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 10.30%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 16.75% | ||
| ROE | 29.33% | ||
| ROIC | 10.1% |
ROA(3y)13.55%
ROA(5y)11.78%
ROE(3y)28.11%
ROE(5y)26.27%
ROIC(3y)10.97%
ROIC(5y)11.33%
1.3 Margins
The Profit Margin of DOV (28.37%) is better than 100.00% of its industry peers.
In the last couple of years the Profit Margin of DOV has grown nicely.
With an excellent Operating Margin value of 17.46%, DOV belongs to the best of the industry, outperforming 82.31% of the companies in the same industry.
DOV's Operating Margin has improved in the last couple of years.
With a decent Gross Margin value of 40.04%, DOV is doing good in the industry, outperforming 72.31% of the companies in the same industry.
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 | 17.46% | ||
| PM (TTM) | 28.37% | ||
| GM | 40.04% |
OM growth 3Y-0.14%
OM growth 5Y2.31%
PM growth 3Y34.81%
PM growth 5Y29.67%
GM growth 3Y0.85%
GM growth 5Y0.98%
2. Health
2.1 Basic Checks
DOV has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for DOV has been reduced compared to 1 year ago.
DOV has less shares outstanding than it did 5 years ago.
The debt/assets ratio for DOV has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 5.44 indicates that DOV is not in any danger for bankruptcy at the moment.
DOV's Altman-Z score of 5.44 is fine compared to the rest of the industry. DOV outperforms 79.23% of its industry peers.
The Debt to FCF ratio of DOV is 5.42, which is a neutral value as it means it would take DOV, 5.42 years of fcf income to pay off all of its debts.
DOV has a Debt to FCF ratio of 5.42. This is comparable to the rest of the industry: DOV outperforms 52.31% of its industry peers.
A Debt/Equity ratio of 0.35 indicates that DOV is not too dependend on debt financing.
DOV has a Debt to Equity ratio of 0.35. This is comparable to the rest of the industry: DOV outperforms 59.23% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.35 | ||
| Debt/FCF | 5.42 | ||
| Altman-Z | 5.44 |
ROIC/WACC1.07
WACC9.43%
2.3 Liquidity
A Current Ratio of 2.04 indicates that DOV has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 2.04, DOV is in line with its industry, outperforming 47.69% of the companies in the same industry.
DOV has a Quick Ratio of 1.44. This is a normal value and indicates that DOV is financially healthy and should not expect problems in meeting its short term obligations.
With a decent Quick ratio value of 1.44, DOV is doing good in the industry, outperforming 62.31% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.04 | ||
| Quick Ratio | 1.44 |
3. Growth
3.1 Past
DOV shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 3.10%.
The Earnings Per Share has been growing by 8.13% on average over the past years. This is quite good.
Looking at the last year, DOV shows a decrease in Revenue. The Revenue has decreased by -5.24% in the last year.
The Revenue has been growing slightly by 1.65% on average over the past years.
EPS 1Y (TTM)3.1%
EPS 3Y4.79%
EPS 5Y8.13%
EPS Q2Q%15.42%
Revenue 1Y (TTM)-5.24%
Revenue growth 3Y-0.68%
Revenue growth 5Y1.65%
Sales Q2Q%4.75%
3.2 Future
The Earnings Per Share is expected to grow by 5.98% on average over the next years.
The Revenue is expected to grow by 4.78% on average over the next years.
EPS Next Y10.24%
EPS Next 2Y9.83%
EPS Next 3Y9.39%
EPS Next 5Y5.98%
Revenue Next Year3.5%
Revenue Next 2Y4.51%
Revenue Next 3Y4.45%
Revenue Next 5Y4.78%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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
With a Price/Earnings ratio of 21.39, DOV is valued on the expensive side.
DOV's Price/Earnings ratio is a bit cheaper when compared to the industry. DOV is cheaper than 67.69% of the companies in the same industry.
DOV's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 26.56.
DOV is valuated rather expensively with a Price/Forward Earnings ratio of 18.80.
DOV's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. DOV is cheaper than 63.85% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.79, DOV is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.39 | ||
| Fwd PE | 18.8 |
4.2 Price Multiples
DOV's Enterprise Value to EBITDA ratio is in line with the industry average.
DOV's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. DOV is more expensive than 64.62% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 48.2 | ||
| EV/EBITDA | 16.47 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
DOV has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)2.09
PEG (5Y)2.63
EPS Next 2Y9.83%
EPS Next 3Y9.39%
5. Dividend
5.1 Amount
DOV has a Yearly Dividend Yield of 1.03%. Purely for dividend investing, there may be better candidates out there.
DOV's Dividend Yield is a higher than the industry average which is at 1.00.
Compared to an average S&P500 Dividend Yield of 1.87, DOV's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.03% |
5.2 History
The dividend of DOV has a limited annual growth rate of 0.91%.
DOV has paid a dividend for at least 10 years, which is a reliable track record.
DOV has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)0.91%
Div Incr Years34
Div Non Decr Years34
5.3 Sustainability
DOV pays out 12.63% of its income as dividend. This is a sustainable payout ratio.
The dividend of DOV is growing, but earnings are growing more, so the dividend growth is sustainable.
DP12.63%
EPS Next 2Y9.83%
EPS Next 3Y9.39%
199.12
-2.16 (-1.07%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners87.95%
Inst Owner Change0.56%
Ins Owners1.01%
Ins Owner Change0.99%
Market Cap27.31B
Revenue(TTM)7.92B
Net Income(TTM)2.25B
Analysts77.5
Price Target216.72 (8.84%)
Short Float %3.68%
Short Ratio4.14
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.03% |
Yearly Dividend2.04
Dividend Growth(5Y)0.91%
DP12.63%
Div Incr Years34
Div Non Decr Years34
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)2.24%
Min EPS beat(2)1.05%
Max EPS beat(2)3.42%
EPS beat(4)4
Avg EPS beat(4)2.95%
Min EPS beat(4)1.05%
Max EPS beat(4)4.86%
EPS beat(8)7
Avg EPS beat(8)2.4%
EPS beat(12)8
Avg EPS beat(12)0.89%
EPS beat(16)12
Avg EPS beat(16)1.49%
Revenue beat(2)0
Avg Revenue beat(2)-1.45%
Min Revenue beat(2)-2.54%
Max Revenue beat(2)-0.36%
Revenue beat(4)0
Avg Revenue beat(4)-1.64%
Min Revenue beat(4)-2.54%
Max Revenue beat(4)-0.36%
Revenue beat(8)2
Avg Revenue beat(8)-1.45%
Revenue beat(12)2
Avg Revenue beat(12)-1.81%
Revenue beat(16)4
Avg Revenue beat(16)-1.33%
PT rev (1m)0.37%
PT rev (3m)0.69%
EPS NQ rev (1m)0.1%
EPS NQ rev (3m)-0.32%
EPS NY rev (1m)0.03%
EPS NY rev (3m)1.07%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.8%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.65%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.39 | ||
| Fwd PE | 18.8 | ||
| P/S | 3.45 | ||
| P/FCF | 48.2 | ||
| P/OCF | 34.85 | ||
| P/B | 3.56 | ||
| P/tB | 60.84 | ||
| EV/EBITDA | 16.47 |
EPS(TTM)9.31
EY4.68%
EPS(NY)10.59
Fwd EY5.32%
FCF(TTM)4.13
FCFY2.07%
OCF(TTM)5.71
OCFY2.87%
SpS57.77
BVpS55.87
TBVpS3.27
PEG (NY)2.09
PEG (5Y)2.63
Graham Number108.19
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 16.75% | ||
| ROE | 29.33% | ||
| ROCE | 12.34% | ||
| ROIC | 10.1% | ||
| ROICexc | 11.72% | ||
| ROICexgc | 46.26% | ||
| OM | 17.46% | ||
| PM (TTM) | 28.37% | ||
| GM | 40.04% | ||
| FCFM | 7.15% |
ROA(3y)13.55%
ROA(5y)11.78%
ROE(3y)28.11%
ROE(5y)26.27%
ROIC(3y)10.97%
ROIC(5y)11.33%
ROICexc(3y)11.99%
ROICexc(5y)12.23%
ROICexgc(3y)42.19%
ROICexgc(5y)45.45%
ROCE(3y)14.24%
ROCE(5y)14.39%
ROICexgc growth 3Y-7.13%
ROICexgc growth 5Y-2%
ROICexc growth 3Y-4.68%
ROICexc growth 5Y-1.94%
OM growth 3Y-0.14%
OM growth 5Y2.31%
PM growth 3Y34.81%
PM growth 5Y29.67%
GM growth 3Y0.85%
GM growth 5Y0.98%
F-Score7
Asset Turnover0.59
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.35 | ||
| Debt/FCF | 5.42 | ||
| Debt/EBITDA | 1.53 | ||
| Cap/Depr | 59.19% | ||
| Cap/Sales | 2.74% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 44.77% | ||
| Profit Quality | 25.2% | ||
| Current Ratio | 2.04 | ||
| Quick Ratio | 1.44 | ||
| Altman-Z | 5.44 |
F-Score7
WACC9.43%
ROIC/WACC1.07
Cap/Depr(3y)60.37%
Cap/Depr(5y)59.92%
Cap/Sales(3y)2.41%
Cap/Sales(5y)2.38%
Profit Quality(3y)62.15%
Profit Quality(5y)81.58%
High Growth Momentum
Growth
EPS 1Y (TTM)3.1%
EPS 3Y4.79%
EPS 5Y8.13%
EPS Q2Q%15.42%
EPS Next Y10.24%
EPS Next 2Y9.83%
EPS Next 3Y9.39%
EPS Next 5Y5.98%
Revenue 1Y (TTM)-5.24%
Revenue growth 3Y-0.68%
Revenue growth 5Y1.65%
Sales Q2Q%4.75%
Revenue Next Year3.5%
Revenue Next 2Y4.51%
Revenue Next 3Y4.45%
Revenue Next 5Y4.78%
EBIT growth 1Y-1.85%
EBIT growth 3Y-0.82%
EBIT growth 5Y4%
EBIT Next Year29.84%
EBIT Next 3Y14.23%
EBIT Next 5Y8.46%
FCF growth 1Y-41.72%
FCF growth 3Y-14.96%
FCF growth 5Y-5.2%
OCF growth 1Y-32.36%
OCF growth 3Y-12.47%
OCF growth 5Y-4.56%
DOVER CORP / DOV FAQ
What is the fundamental rating for DOV stock?
ChartMill assigns a fundamental rating of 6 / 10 to DOV.
What is the valuation status for DOV stock?
ChartMill assigns a valuation rating of 3 / 10 to DOVER CORP (DOV). This can be considered as Overvalued.
What is the profitability of DOV stock?
DOVER CORP (DOV) has a profitability rating of 8 / 10.
Can you provide the financial health for DOV stock?
The financial health rating of DOVER CORP (DOV) is 6 / 10.
Can you provide the expected EPS growth for DOV stock?
The Earnings per Share (EPS) of DOVER CORP (DOV) is expected to grow by 10.24% in the next year.