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Daktronics

DB:DA3
Snowflake Description

Flawless balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DA3
DB
$336M
Market Cap
  1. Home
  2. DE
  3. Tech
Company description

Daktronics, Inc. designs, manufactures, and sells a range of electronic display systems and related products worldwide. The last earnings update was 61 days ago. More info.


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DA3 Share Price and Events
7 Day Returns
0.6%
DB:DA3
1.3%
DE Electronic
1%
DE Market
1 Year Returns
-9.9%
DB:DA3
-2%
DE Electronic
-5.6%
DE Market
DA3 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Daktronics (DA3) 0.6% 0.3% 1.8% -9.9% -11.9% -29.1%
DE Electronic 1.3% 8.7% 21% -2% 99.1% 103.6%
DE Market 1% 6.1% 8.4% -5.6% 10.9% 13.8%
1 Year Return vs Industry and Market
  • DA3 underperformed the Electronic industry which returned -2% over the past year.
  • DA3 underperformed the Market in Germany which returned -5.6% over the past year.
Price Volatility
DA3
Industry
5yr Volatility vs Market

Value

 Is Daktronics undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Daktronics to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Daktronics.

DB:DA3 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:DA3
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.068 (1 + (1- 21%) (0%))
1.046
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.05
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.046 * 5.96%)
6.46%

Discounted Cash Flow Calculation for DB:DA3 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Daktronics is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:DA3 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.46%)
2019 19.95 Analyst x1 18.74
2020 16.29 Analyst x1 14.37
2021 20.94 Analyst x1 17.36
2022 20.73 Est @ -1% 16.14
2023 20.60 Est @ -0.63% 15.06
2024 20.52 Est @ -0.37% 14.10
2025 20.49 Est @ -0.19% 13.22
2026 20.47 Est @ -0.07% 12.41
2027 20.48 Est @ 0.02% 11.66
2028 20.49 Est @ 0.08% 10.96
Present value of next 10 years cash flows $144.00
DB:DA3 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $20.49 × (1 + 0.23%) ÷ (6.46% – 0.23%)
$329.53
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $329.53 ÷ (1 + 6.46%)10
$176.19
DB:DA3 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $144.00 + $176.19
$320.19
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $320.19 / 45.01
$7.11
DB:DA3 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:DA3 represents 0.88313x of NasdaqGS:DAKT
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.88313x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 7.11 x 0.88313
€6.28
Value per share (EUR) From above. €6.28
Current discount Discount to share price of €6.60
= -1 x (€6.60 - €6.28) / €6.28
-5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Daktronics is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Daktronics's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Daktronics's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:DA3 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-01-26) in USD $0.14
NasdaqGS:DAKT Share Price ** NasdaqGS (2019-04-24) in USD $7.47
Germany Electronic Industry PE Ratio Median Figure of 13 Publicly-Listed Electronic Companies 23.43x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.72x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Daktronics.

DB:DA3 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:DAKT Share Price ÷ EPS (both in USD)

= 7.47 ÷ 0.14

55.28x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Daktronics is overvalued based on earnings compared to the DE Electronic industry average.
  • Daktronics is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Daktronics's expected growth come at a high price?
Raw Data
DB:DA3 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 55.28x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
41.1%per year
Germany Electronic Industry PEG Ratio Median Figure of 12 Publicly-Listed Electronic Companies 2.13x
Germany Market PEG Ratio Median Figure of 269 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

DB:DA3 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 55.28x ÷ 41.1%

1.34x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Daktronics is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Daktronics's assets?
Raw Data
DB:DA3 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-01-26) in USD $4.47
NasdaqGS:DAKT Share Price * NasdaqGS (2019-04-24) in USD $7.47
Germany Electronic Industry PB Ratio Median Figure of 19 Publicly-Listed Electronic Companies 2.57x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.87x
DB:DA3 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:DAKT Share Price ÷ Book Value per Share (both in USD)

= 7.47 ÷ 4.47

1.67x

* Primary Listing of Daktronics.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Daktronics is good value based on assets compared to the DE Electronic industry average.
X
Value checks
We assess Daktronics's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check)
  5. Daktronics has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Daktronics expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
41.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Daktronics expected to grow at an attractive rate?
  • Daktronics's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Daktronics's earnings growth is expected to exceed the Germany market average.
  • Daktronics's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:DA3 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:DA3 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 41.1%
DB:DA3 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 2.9%
Germany Electronic Industry Earnings Growth Rate Market Cap Weighted Average 13%
Germany Electronic Industry Revenue Growth Rate Market Cap Weighted Average 7.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:DA3 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:DA3 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-04-30 619 40 19 1
2020-04-30 608 36 15 1
2019-04-30 586 39 10 1
DB:DA3 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-01-26 580 36 6
2018-10-27 595 44 3
2018-07-28 592 25 2
2018-04-28 611 30 6
2018-01-27 616 21 10
2017-10-28 601 34 11
2017-07-29 602 28 13
2017-04-29 587 39 10
2017-01-28 581 56 7
2016-10-29 589 38 10
2016-07-30 577 30 4
2016-04-30 570 13 2
2016-01-30 590 28 9

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Daktronics's earnings are expected to grow significantly at over 20% yearly.
  • Daktronics's revenue is expected to grow by 2.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:DA3 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Daktronics Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:DA3 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-04-30 0.42 0.42 0.42 1.00
2020-04-30 0.35 0.35 0.35 1.00
2019-04-30 0.23 0.23 0.23 1.00
DB:DA3 Past Financials Data
Date (Data in USD Millions) EPS *
2019-01-26 0.14
2018-10-27 0.07
2018-07-28 0.04
2018-04-28 0.13
2018-01-27 0.23
2017-10-28 0.26
2017-07-29 0.30
2017-04-29 0.23
2017-01-28 0.15
2016-10-29 0.22
2016-07-30 0.09
2016-04-30 0.05
2016-01-30 0.20

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Daktronics is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Daktronics's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Daktronics has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Daktronics performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Daktronics's growth in the last year to its industry (Electronic).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Daktronics's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Daktronics's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Daktronics's 1-year earnings growth is negative, it can't be compared to the DE Electronic industry average.
Earnings and Revenue History
Daktronics's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Daktronics Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:DA3 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-01-26 580.13 6.05 99.71 35.85
2018-10-27 595.37 3.18 99.20 35.87
2018-07-28 591.99 1.71 98.72 35.78
2018-04-28 610.53 5.56 97.68 35.53
2018-01-27 616.04 10.28 95.75 34.23
2017-10-28 601.44 11.34 95.42 32.91
2017-07-29 602.12 13.23 95.52 31.09
2017-04-29 586.54 10.34 95.69 29.08
2017-01-28 581.32 6.50 96.18 28.23
2016-10-29 589.42 9.68 94.60 27.14
2016-07-30 577.09 3.82 93.22 26.99
2016-04-30 570.17 2.06 91.61 26.91
2016-01-30 589.79 8.83 89.01 25.71
2015-10-31 584.10 11.34 88.15 25.64
2015-08-01 599.55 15.91 87.69 24.82
2015-05-02 615.94 20.88 88.64 24.65
2015-01-31 594.10 18.87 87.13 24.82
2014-11-01 591.34 21.18 86.18 24.65
2014-08-02 579.87 25.23 83.80 24.19
2014-04-26 551.97 22.21 81.78 23.38
2014-01-25 540.21 22.22 81.24 22.98
2013-10-26 535.89 22.06 81.74 22.95
2013-07-27 524.13 21.82 81.27 23.10
2013-04-27 518.32 22.78 80.02 23.13
2013-01-26 505.83 20.43 80.45 23.93
2012-10-27 517.71 19.39 80.39 24.02
2012-07-28 503.75 11.80 80.64 23.81
2012-04-28 489.53 8.49 79.66 23.51

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Daktronics has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Daktronics used its assets less efficiently than the DE Electronic industry average last year based on Return on Assets.
  • Daktronics's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Daktronics's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Daktronics has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Daktronics's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Daktronics's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Daktronics is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Daktronics's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Daktronics's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Daktronics has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Daktronics Company Filings, last reported 2 months ago.

DB:DA3 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-01-26 201.15 0.00 70.88
2018-10-27 204.74 0.00 67.28
2018-07-28 199.45 0.00 43.27
2018-04-28 197.62 0.00 64.25
2018-01-27 204.42 0.00 72.98
2017-10-28 211.04 0.00 61.49
2017-07-29 206.40 0.00 51.89
2017-04-29 198.29 0.00 65.34
2017-01-28 199.71 0.00 76.41
2016-10-29 206.25 0.00 51.95
2016-07-30 200.15 0.00 49.98
2016-04-30 201.07 0.00 53.00
2016-01-30 205.97 0.00 56.15
2015-10-31 211.35 0.00 52.40
2015-08-01 212.22 0.00 60.60
2015-05-02 212.04 0.00 82.63
2015-01-31 210.87 0.03 67.41
2014-11-01 214.01 0.05 82.88
2014-08-02 209.18 0.00 85.54
2014-04-26 203.12 0.00 70.45
2014-01-25 203.98 0.00 81.20
2013-10-26 201.45 0.00 77.60
2013-07-27 190.66 0.26 46.76
2013-04-27 188.25 0.00 64.68
2013-01-26 185.67 0.00 50.04
2012-10-27 206.99 0.48 79.06
2012-07-28 193.95 1.29 63.89
2012-04-28 190.81 1.46 54.68
  • Daktronics has no debt.
  • Daktronics had no debt 5 years ago.
  • Daktronics has no debt, it does not need to be covered by operating cash flow.
  • Daktronics has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Daktronics's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Daktronics has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.75%
Current annual income from Daktronics dividends.
If you bought €2,000 of Daktronics shares you are expected to receive €75 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Daktronics's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.44%).
  • Daktronics's dividend is above the markets top 25% of dividend payers in Germany (3.7%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:DA3 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Germany Electronic Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 1.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:DA3 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-04-30
2020-04-30
2019-04-30
DB:DA3 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-01 0.280 3.679
2018-11-30 0.280 3.574
2018-09-07 0.280 3.628
2018-06-01 0.280 3.355
2018-03-02 0.280 3.067
2017-06-02 0.280 2.902
2016-06-17 0.240 2.726
2016-02-29 0.400 5.227
2015-12-09 0.400 5.014
2015-09-03 0.400 4.374
2015-06-02 0.400 3.631
2015-03-06 0.400 3.715
2014-05-23 0.400 3.278
2014-02-28 0.360 2.609
2013-11-27 0.360 2.446
2013-08-26 0.860 7.331
2013-05-29 0.740 6.900
2013-03-01 0.730 7.103
2013-02-19 0.730 7.062
2012-11-29 0.730 6.575
2012-05-30 0.630 7.679
2012-03-02 0.620 7.627
2012-02-21 0.620 6.761
2011-12-02 0.620 6.022
2011-06-02 0.110 1.139
2010-06-04 0.100 0.940
2009-06-02 0.095 1.164

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Daktronics's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.5x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Daktronics's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Daktronics afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Daktronics has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Daktronics's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Reece Kurtenbach
COMPENSATION $526,752
AGE 53
TENURE AS CEO 5.6 years
CEO Bio

Mr. Reece A. Kurtenbach has been the Chief Executive Officer and President of Daktronics Inc. since September 1, 2013. Mr. Kurtenbach served as an Executive Vice President at Daktronics Inc., from June 15, 2012 to September 1, 2013. He served as a Vice President of Live Events & International Business Units at Daktronics Inc. since 2007 until June 15, 2012. He served as a Vice President of Video Systems at Daktronics Inc. from December 3, 2004 to 2007 and Manager for Video Products Engineering from 1994 until 2004. Mr. Kurtenbach joined Daktronics in 1991 as an Applications Engineer focusing on large display projects. Mr. Kurtenbach also worked as a student employee with various responsibilities from 1983 to 1987. He oversaw the product development and market development for Daktronics video systems business, which includes the ProStar(R), ProAd(R), the new ProTour(TM) display product line and the V-Net(TM) controller. He also serves as a domestic regional advisor. He has been the Chairman of Daktronics Inc. since September 3, 2014 and has been its Director since September 1, 2013. Mr. Kurtenbach holds a Bachelor of Science degree from South Dakota State University in Electrical Engineering, with minors in Mathematics and Computer Science.

CEO Compensation
  • Reece's compensation has been consistent with company performance over the past year.
  • Reece's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Daktronics management team in years:

6.8
Average Tenure
53
Average Age
  • The average tenure for the Daktronics management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Reece Kurtenbach

TITLE
Chairman
COMPENSATION
$527K
AGE
53
TENURE
5.6 yrs

Sheila Anderson

TITLE
CFO & Treasurer
COMPENSATION
$320K
AGE
45
TENURE
6.6 yrs

Carla Gatzke

TITLE
VP of Human Resources & Corporate Secretary
COMPENSATION
$259K
AGE
57
TENURE
13.3 yrs

Bradley Wiemann

TITLE
Executive Vice President of Commercial & Transportation
COMPENSATION
$315K
AGE
55
TENURE
6.8 yrs

Matthew Kurtenbach

TITLE
Vice President of Manufacturing
COMPENSATION
$302K
AGE
48
TENURE
13.3 yrs
Board of Directors Tenure

Average tenure and age of the Daktronics board of directors in years:

14.3
Average Tenure
71
Average Age
  • The average tenure for the Daktronics board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Nancy Frame

TITLE
Lead Independent Director
COMPENSATION
$111K
AGE
73
TENURE
14.3 yrs

Reece Kurtenbach

TITLE
Chairman
COMPENSATION
$527K
AGE
53
TENURE
4.6 yrs

Robert Dutcher

TITLE
Independent Director
COMPENSATION
$107K
AGE
73
TENURE
17.3 yrs

Kevin McDermott

TITLE
Independent Director
COMPENSATION
$109K
AGE
64
TENURE
3.8 yrs

James Morgan

TITLE
Director
COMPENSATION
$109K
AGE
71
TENURE
35.3 yrs

Byron Anderson

TITLE
Independent Director
COMPENSATION
$107K
AGE
74
TENURE
14.3 yrs

John Friel

TITLE
Independent Director
COMPENSATION
$109K
AGE
64
TENURE
3.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
21. May 18 Sell Carla Gatzke Individual 18. May 18 18. May 18 -6,000 €8.50 €-50,982
X
Management checks
We assess Daktronics's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Daktronics has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Daktronics, Inc. designs, manufactures, and sells a range of electronic display systems and related products worldwide. It operates through five segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International. The company offers video display systems, such as displays to show various levels of video, graphics, and animation; LED ribbon board displays; mobile and modular display systems; freeform LED displays, which include architectural lighting and display products; indoor and outdoor scoreboards for various sports, digit displays, scoring and timing controllers, statistics software, and other related products; and timing systems for sports events primarily aquatics and track competitions, as well as swimming touchpads, race start systems, and relay take-off platforms. It also provides message displays; ITS dynamic message signs, including LED displays for road management, mass transit, and aviation applications; digit and directional displays for use in parking facilities; and audio systems for outdoor sports venues. In addition, the company offers digital billboards and street furniture displays used to display images, which change at regular intervals for the out-of-home (OOH) advertising industry comprising Visiconn system and Venus Control Suite, a software application for controlling content and playback loops for digital billboard applications; and street furniture for digital OOH campaigns. Further, it provides digit and price displays, such as outdoor time and temperature displays, as well as Fuelight digit displays for the petroleum industry; and dynamic messaging systems for retailers, convenience stores, and other businesses, as well as maintenance and professional services related to its products. The company sells its products through direct sales and resellers. Daktronics, Inc. was founded in 1968 and is based in Brookings, South Dakota.

Details
Name: Daktronics, Inc.
DA3
Exchange: DB
Founded: 1968
$300,433,615
45,012,524
Website: http://www.daktronics.com
Address: Daktronics, Inc.
201 Daktronics Drive,
Brookings,
South Dakota, 57006,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS DAKT Common Stock Nasdaq Global Select US USD 10. Feb 1994
DB DA3 Common Stock Deutsche Boerse AG DE EUR 10. Feb 1994
Number of employees
Current staff
Staff numbers
2,559
Daktronics employees.
Industry
Electronic Equipment and Instruments
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/24 20:41
End of day share price update: 2019/04/24 00:00
Last estimates confirmation: 2019/02/20
Last earnings filing: 2019/02/22
Last earnings reported: 2019/01/26
Last annual earnings reported: 2018/04/28


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.