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Executive Summary

Douglas Dynamics, Inc. operates as a manufacturer and upfitter of commercial work truck attachments and equipment in North America.


Snowflake Analysis

Second-rate dividend payer with imperfect balance sheet.


Similar Companies

Share Price & News

How has Douglas Dynamics's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 5D4's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

12.3%

5D4

0.6%

DE Machinery

0.7%

DE Market


1 Year Return

-8.2%

5D4

4.2%

DE Machinery

8.8%

DE Market

Return vs Industry: 5D4 underperformed the German Machinery industry which returned 2.5% over the past year.

Return vs Market: 5D4 underperformed the German Market which returned 8.1% over the past year.


Shareholder returns

5D4IndustryMarket
7 Day12.3%0.6%0.7%
30 Day21.0%4.5%0.1%
90 Day28.1%22.2%12.6%
1 Year-5.5%-8.2%5.3%4.2%11.2%8.8%
3 Year28.4%19.9%-29.0%-33.2%5.4%-3.0%
5 Year94.4%68.7%-3.7%-13.5%15.9%0.3%

Price Volatility Vs. Market

How volatile is Douglas Dynamics's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Douglas Dynamics undervalued compared to its fair value and its price relative to the market?

7.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 5D4 (€34.6) is trading below our estimate of fair value (€37.49)

Significantly Below Fair Value: 5D4 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: 5D4 is unprofitable, so we can't compare its PE Ratio to the DE Machinery industry average.

PE vs Market: 5D4 is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 5D4's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 5D4 is overvalued based on its PB Ratio (5.1x) compared to the DE Machinery industry average (1.4x).


Next Steps

Future Growth

How is Douglas Dynamics forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

147.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 5D4 is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: 5D4 is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: 5D4 is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: 5D4's revenue (8.9% per year) is forecast to grow faster than the German market (5.9% per year).

High Growth Revenue: 5D4's revenue (8.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 5D4's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Douglas Dynamics performed over the past 5 years?

-11.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 5D4 is currently unprofitable.

Growing Profit Margin: 5D4 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 5D4 is unprofitable, and losses have increased over the past 5 years at a rate of 11.3% per year.

Accelerating Growth: Unable to compare 5D4's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 5D4 is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (-33.3%).


Return on Equity

High ROE: 5D4 has a negative Return on Equity (-48.78%), as it is currently unprofitable.


Next Steps

Financial Health

How is Douglas Dynamics's financial position?


Financial Position Analysis

Short Term Liabilities: 5D4's short term assets ($223.0M) exceed its short term liabilities ($57.3M).

Long Term Liabilities: 5D4's short term assets ($223.0M) do not cover its long term liabilities ($343.2M).


Debt to Equity History and Analysis

Debt Level: 5D4's debt to equity ratio (157.1%) is considered high.

Reducing Debt: 5D4's debt to equity ratio has increased from 104.9% to 157.1% over the past 5 years.

Debt Coverage: 5D4's debt is well covered by operating cash flow (24.7%).

Interest Coverage: 5D4 is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

What is Douglas Dynamics's current dividend yield, its reliability and sustainability?

2.72%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 5D4's dividend (2.72%) is higher than the bottom 25% of dividend payers in the German market (1.23%).

High Dividend: 5D4's dividend (2.72%) is low compared to the top 25% of dividend payers in the German market (3.78%).


Stability and Growth of Payments

Stable Dividend: 5D4's dividends per share have been stable in the past 10 years.

Growing Dividend: 5D4's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: 5D4 is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.0yrs

Average management tenure


CEO

Bob McCormick (59 yo)

1.58yrs

Tenure

US$1,987,820

Compensation

Mr. Robert L. Mccormick, also known as Bob, has been President, CEO and Director of Douglas Dynamics, Inc., since January 1, 2019. Mr. Mccormick served as Chief Operating Officer of Douglas Dynamics, Inc. ...


CEO Compensation Analysis

Compensation vs Market: Bob's total compensation ($USD1.99M) is above average for companies of similar size in the German market ($USD1.29M).

Compensation vs Earnings: Bob's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
James Janik
Executive Chairman6.33yrsUS$710.54k0.64%
$ 4.9m
Robert McCormick
President1.58yrsUS$1.99m0.58%
$ 4.4m
Sarah Lauber
CFO & Secretary3yrsUS$1.03m0.061%
$ 467.4k
Jonathon Sievert
President of Work Truck Solutions3.42yrsUS$715.29k0.062%
$ 477.4k
Keith Hagelin
President of Commercial Snow & Ice3.17yrsUS$890.09k0.38%
$ 2.9m
Linda Evans
Vice President of Human Resourcesno datano datano data
Shannan Vlieger
Director of Operational Excellenceno datano datano data
Jon Sisulak
Corporate Controller & Assistant Secretaryno datano data0.017%
$ 132.1k
Jesse Pilachowski
Director of Organizational Developmentno datano datano data

3.0yrs

Average Tenure

59yo

Average Age

Experienced Management: 5D4's management team is considered experienced (3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
James Janik
Executive Chairman6.33yrsUS$710.54k0.64%
$ 4.9m
Robert McCormick
President1.58yrsUS$1.99m0.58%
$ 4.4m
James Packard
Independent Director10.08yrsUS$146.86k0.16%
$ 1.2m
James Staley
Independent Lead Director6.33yrsUS$171.86k0.11%
$ 869.3k
Kenneth Krueger
Independent Director9.08yrsUS$161.36k0.10%
$ 783.6k
Margaret Dano
Independent Director8.17yrsUS$156.86k0.094%
$ 716.3k
Donald Sturdivant
Independent Director9.83yrsUS$156.86k0.11%
$ 844.9k

8.2yrs

Average Tenure

63yo

Average Age

Experienced Board: 5D4's board of directors are considered experienced (8.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Douglas Dynamics, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Douglas Dynamics, Inc.
  • Ticker: 5D4
  • Exchange: DB
  • Founded: 1948
  • Industry: Construction Machinery and Heavy Trucks
  • Sector: Capital Goods
  • Market Cap: US$901.498m
  • Listing Market Cap: US$764.831m
  • Shares outstanding: 22.86m
  • Website: https://www.douglasdynamics.com

Number of Employees


Location

  • Douglas Dynamics, Inc.
  • 7777 North 73rd Street
  • Milwaukee
  • Wisconsin
  • 53233
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PLOWNYSE (New York Stock Exchange)YesCommon StockUSUSDMay 2010
5D4DB (Deutsche Boerse AG)YesCommon StockDEEURMay 2010

Biography

Douglas Dynamics, Inc. operates as a manufacturer and upfitter of commercial work truck attachments and equipment in North America. It operates in two segments, Work Truck Attachments and Work Truck Soluti ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/10 21:25
End of Day Share Price2020/08/10 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.