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DOUGLAS DYNAMICS INC (PLOW) Stock Fundamental Analysis

NYSE:PLOW - New York Stock Exchange, Inc. - US25960R1059 - Common Stock - Currency: USD

31.01  -0.34 (-1.08%)

After market: 31.01 0 (0%)

Fundamental Rating

5

PLOW gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 128 industry peers in the Machinery industry. PLOW has an average financial health and profitability rating. PLOW is valued quite cheap, while showing a decent growth score. This is a good combination! Finally PLOW also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

In the past year PLOW was profitable.
In the past year PLOW had a positive cash flow from operations.
Of the past 5 years PLOW 4 years were profitable.
In the past 5 years PLOW always reported a positive cash flow from operatings.
PLOW Yearly Net Income VS EBIT VS OCF VS FCFPLOW Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M

1.2 Ratios

PLOW has a better Return On Assets (8.89%) than 75.78% of its industry peers.
PLOW's Return On Equity of 21.33% is amongst the best of the industry. PLOW outperforms 85.16% of its industry peers.
PLOW has a Return On Invested Capital (7.72%) which is comparable to the rest of the industry.
PLOW had an Average Return On Invested Capital over the past 3 years of 7.76%. This is below the industry average of 10.71%.
Industry RankSector 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%
PLOW Yearly ROA, ROE, ROICPLOW Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 -40

1.3 Margins

With a decent Profit Margin value of 8.08%, PLOW is doing good in the industry, outperforming 63.28% of the companies in the same industry.
PLOW's Profit Margin has improved in the last couple of years.
With a Operating Margin value of 7.44%, PLOW perfoms like the industry average, outperforming 48.44% of the companies in the same industry.
PLOW's Operating Margin has declined in the last couple of years.
PLOW has a worse Gross Margin (25.60%) than 62.50% of its industry peers.
In the last couple of years the Gross Margin of PLOW has declined.
Industry RankSector 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%
PLOW Yearly Profit, Operating, Gross MarginsPLOW Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20 30

4

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so PLOW is destroying value.
Compared to 1 year ago, PLOW has more shares outstanding
Compared to 5 years ago, PLOW has more shares outstanding
Compared to 1 year ago, PLOW has an improved debt to assets ratio.
PLOW Yearly Shares OutstandingPLOW Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M 20M
PLOW Yearly Total Debt VS Total AssetsPLOW Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

2.2 Solvency

PLOW has an Altman-Z score of 3.05. This indicates that PLOW is financially healthy and has little risk of bankruptcy at the moment.
PLOW's Altman-Z score of 3.05 is in line compared to the rest of the industry. PLOW outperforms 48.44% of its industry peers.
The Debt to FCF ratio of PLOW is 3.03, which is a good value as it means it would take PLOW, 3.03 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 3.03, PLOW is in the better half of the industry, outperforming 64.06% of the companies in the same industry.
A Debt/Equity ratio of 0.59 indicates that PLOW is somewhat dependend on debt financing.
The Debt to Equity ratio of PLOW (0.59) is worse than 60.94% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.59
Debt/FCF 3.03
Altman-Z 3.05
ROIC/WACC0.74
WACC10.38%
PLOW Yearly LT Debt VS Equity VS FCFPLOW Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

2.3 Liquidity

A Current Ratio of 2.37 indicates that PLOW has no problem at all paying 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.
A Quick Ratio of 0.70 indicates that PLOW may have some problems paying its short term obligations.
The Quick ratio of PLOW (0.70) is worse than 85.16% of its industry peers.
Industry RankSector Rank
Current Ratio 2.37
Quick Ratio 0.7
PLOW Yearly Current Assets VS Current LiabilitesPLOW Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M

5

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 45.24% over the past year.
The Earnings Per Share has been decreasing by -9.74% on average over the past years.
Looking at the last year, PLOW shows a quite strong growth in Revenue. The Revenue has grown by 17.59% in the last year.
Measured over the past years, PLOW shows a decrease in Revenue. The Revenue has been decreasing by -0.11% on average per year.
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
The Revenue is expected to grow by 7.86% on average over the next years.
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.
PLOW Yearly Revenue VS EstimatesPLOW Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 200M 400M 600M
PLOW Yearly EPS VS EstimatesPLOW Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2

7

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 16.95, which indicates a correct valuation of PLOW.
Compared to the rest of the industry, the Price/Earnings ratio of PLOW indicates a somewhat cheap valuation: PLOW is cheaper than 73.44% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.29, PLOW is valued a bit cheaper.
The Price/Forward Earnings ratio is 13.24, which indicates a correct valuation of PLOW.
Compared to the rest of the industry, the Price/Forward Earnings ratio of PLOW indicates a rather cheap valuation: PLOW is cheaper than 80.47% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of PLOW to the average of the S&P500 Index (21.74), we can say PLOW is valued slightly cheaper.
Industry RankSector Rank
PE 16.95
Fwd PE 13.24
PLOW Price Earnings VS Forward Price EarningsPLOW Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

60.94% of the companies in the same industry are more expensive than PLOW, based on the Enterprise Value to EBITDA ratio.
83.59% of the companies in the same industry are more expensive than PLOW, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 13.64
EV/EBITDA 12.8
PLOW Per share dataPLOW EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

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)0.43
PEG (5Y)N/A
EPS Next 2Y27.11%
EPS Next 3YN/A

8

5. Dividend

5.1 Amount

PLOW has a Yearly Dividend Yield of 3.76%.
Compared to an average industry Dividend Yield of 1.81, PLOW pays a better dividend. On top of this PLOW pays more dividend than 95.31% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.37, PLOW pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.76%

5.2 History

The dividend of PLOW has a limited annual growth rate of 1.50%.
PLOW has been paying a dividend for at least 10 years, so it has a reliable track record.
PLOW has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)1.5%
Div Incr Years0
Div Non Decr Years14
PLOW Yearly Dividends per sharePLOW Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8 1

5.3 Sustainability

PLOW pays out 50.25% of its income as dividend. This is a bit on the high side, but may be sustainable.
PLOW's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP50.25%
EPS Next 2Y27.11%
EPS Next 3YN/A
PLOW Yearly Income VS Free CF VS DividendPLOW Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M
PLOW Dividend Payout.PLOW Dividend Payout, showing the Payout Ratio.PLOW Dividend Payout.PayoutRetained Earnings

DOUGLAS DYNAMICS INC

NYSE:PLOW (7/7/2025, 8:04:00 PM)

After market: 31.01 0 (0%)

31.01

-0.34 (-1.08%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)05-05 2025-05-05/amc
Earnings (Next)07-28 2025-07-28/amc
Inst Owners94.46%
Inst Owner Change-0.14%
Ins Owners2.09%
Ins Owner Change6.47%
Market Cap719.74M
Analysts80
Price Target34.34 (10.74%)
Short Float %3.09%
Short Ratio3.2
Dividend
Industry RankSector Rank
Dividend Yield 3.76%
Yearly Dividend1.19
Dividend Growth(5Y)1.5%
DP50.25%
Div Incr Years0
Div Non Decr Years14
Ex-Date06-17 2025-06-17 (0.295)
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)0.66%
EPS NY rev (1m)0%
EPS NY rev (3m)7.22%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.49%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.03%
Valuation
Industry RankSector Rank
PE 16.95
Fwd PE 13.24
P/S 1.05
P/FCF 13.64
P/OCF 11.72
P/B 2.78
P/tB 21.33
EV/EBITDA 12.8
EPS(TTM)1.83
EY5.9%
EPS(NY)2.34
Fwd EY7.55%
FCF(TTM)2.27
FCFY7.33%
OCF(TTM)2.65
OCFY8.53%
SpS29.45
BVpS11.15
TBVpS1.45
PEG (NY)0.43
PEG (5Y)N/A
Profitability
Industry RankSector 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 RankSector 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 3.05
F-Score8
WACC10.38%
ROIC/WACC0.74
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%