DYCOM INDUSTRIES INC (DY) Stock Fundamental Analysis
NYSE:DY - New York Stock Exchange, Inc. - US2674751019 - Common Stock - Currency: USD
Taking everything into account, DY scores 6 out of 10 in our fundamental rating. DY was compared to 51 industry peers in the Construction & Engineering industry. Both the health and profitability get an excellent rating, making DY a very profitable company, without any liquidiy or solvency issues. DY has a decent growth rate and is not valued too expensively. 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.
Each year in the past 5 years DY had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 7.92%, DY is in the better half of the industry, outperforming 76.47% of the companies in the same industry.
DY has a better Return On Equity (18.84%) than 74.51% 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 76.47% 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 12.16%.
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 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 has a Operating Margin of 7.15%. This is in the better half of the industry: DY outperforms 66.67% of its industry peers.
In the last couple of years the Operating Margin of DY has grown nicely.
The Gross Margin of DY (19.82%) is better than 62.75% 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
DY 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 DY has been reduced compared to 1 year ago.
Compared to 5 years ago, DY has less shares outstanding
The debt/assets ratio for DY has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 4.57 indicates that DY is not in any danger for bankruptcy at the moment.
With a decent Altman-Z score value of 4.57, DY is doing good in the industry, outperforming 76.47% of the companies in the same industry.
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 of 9.56. This is comparable to the rest of the industry: DY outperforms 50.98% of its industry peers.
DY has a Debt/Equity ratio of 0.75. This is a neutral value indicating DY is somewhat dependend on debt financing.
DY has a Debt to Equity ratio (0.75) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.75 | ||
| Debt/FCF | 9.56 | ||
| Altman-Z | 4.57 |
ROIC/WACC1.19
WACC9.01%
2.3 Liquidity
A Current Ratio of 2.89 indicates that DY has no problem at all paying its short term obligations.
DY's Current ratio of 2.89 is amongst the best of the industry. DY outperforms 96.08% of its industry peers.
A Quick Ratio of 2.67 indicates that DY has no problem at all paying its short term obligations.
The Quick ratio of DY (2.67) is better than 98.04% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.89 | ||
| Quick Ratio | 2.67 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 14.38% over the past year.
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.
The Revenue has grown by 12.61% in the past year. This is quite good.
Measured over the past years, DY shows a small growth in Revenue. The Revenue has been growing by 7.08% on average per year.
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
DY is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 14.88% yearly.
Based on estimates for the next years, DY will show a quite strong growth in Revenue. The Revenue will grow by 10.95% on average per year.
EPS Next Y13.94%
EPS Next 2Y14.28%
EPS Next 3Y14.88%
EPS Next 5YN/A
Revenue Next Year12.86%
Revenue Next 2Y10.39%
Revenue Next 3Y10.95%
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
DY is valuated rather expensively with a Price/Earnings ratio of 18.33.
Compared to the rest of the industry, the Price/Earnings ratio of DY indicates a somewhat cheap valuation: DY is cheaper than 74.51% of the companies listed in the same industry.
DY's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.29.
A Price/Forward Earnings ratio of 16.09 indicates a correct valuation of DY.
Based on the Price/Forward Earnings ratio, DY is valued a bit cheaper than the industry average as 72.55% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of DY to the average of the S&P500 Index (21.32), we can say DY is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.33 | ||
| Fwd PE | 16.09 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of DY indicates a rather cheap valuation: DY is cheaper than 80.39% of the companies listed in the same industry.
DY's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 45.08 | ||
| EV/EBITDA | 9.9 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
DY has an outstanding profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as DY's earnings are expected to grow with 14.88% in the coming years.
PEG (NY)1.31
PEG (5Y)0.61
EPS Next 2Y14.28%
EPS Next 3Y14.88%
5. Dividend
5.1 Amount
DY does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
154.51
+2.19 (+1.44%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)
Earnings (Next)
Inst Owners99.73%
Inst Owner Change1.24%
Ins Owners1.01%
Ins Owner Change3.35%
Market Cap4.45B
Analysts86.25
Price Target219.3 (41.93%)
Short Float %6.07%
Short Ratio3.07
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)-0.33%
PT rev (3m)-2.03%
EPS NQ rev (1m)-1.02%
EPS NQ rev (3m)-10.58%
EPS NY rev (1m)-0.05%
EPS NY rev (3m)-0.49%
Revenue NQ rev (1m)-0.16%
Revenue NQ rev (3m)-4.38%
Revenue NY rev (1m)-0.26%
Revenue NY rev (3m)-0.2%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.33 | ||
| Fwd PE | 16.09 | ||
| P/S | 0.95 | ||
| P/FCF | 45.08 | ||
| P/OCF | 12.74 | ||
| P/B | 3.59 | ||
| P/tB | 6.45 | ||
| EV/EBITDA | 9.9 |
EPS(TTM)8.43
EY5.46%
EPS(NY)9.61
Fwd EY6.22%
FCF(TTM)3.43
FCFY2.22%
OCF(TTM)12.13
OCFY7.85%
SpS163.38
BVpS43.05
TBVpS23.94
PEG (NY)1.31
PEG (5Y)0.61
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 | 4.57 |
F-Score5
WACC9.01%
ROIC/WACC1.19
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 Year12.86%
Revenue Next 2Y10.39%
Revenue Next 3Y10.95%
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%