Ducommun Incorporated provides engineering and manufacturing products and services primarily to the aerospace and defense, industrial, medical, and other industries in the United States.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$49.27|
|52 Week High||US$30.76|
|52 Week Low||US$65.40|
|1 Month Change||-7.27%|
|3 Month Change||-6.35%|
|1 Year Change||36.67%|
|3 Year Change||25.98%|
|5 Year Change||114.03%|
|Change since IPO||1,807.23%|
Recent News & Updates
At US$56.35, Is Ducommun Incorporated (NYSE:DCO) Worth Looking At Closely?
Ducommun Incorporated ( NYSE:DCO ), is not the largest company out there, but it saw a double-digit share price rise of...
Ducommun (DCO) Presents At UBS Global Industrials and Transportation Conference - Slideshow
The following slide deck was published by Ducommun Incorporated in conjunction with this event.
Calculating The Fair Value Of Ducommun Incorporated (NYSE:DCO)
Today we will run through one way of estimating the intrinsic value of Ducommun Incorporated ( NYSE:DCO ) by taking the...
|DCO||US Aerospace & Defense||US Market|
Return vs Industry: DCO exceeded the US Aerospace & Defense industry which returned 17.7% over the past year.
Return vs Market: DCO exceeded the US Market which returned 33.7% over the past year.
Stable Share Price: DCO is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: DCO's weekly volatility (4%) has been stable over the past year.
About the Company
Ducommun Incorporated provides engineering and manufacturing products and services primarily to the aerospace and defense, industrial, medical, and other industries in the United States. It operates through two segments, Electronic Systems and Structural Systems. The Electronic Systems segment provides cable assemblies and interconnect systems; printed circuit board assemblies; higher-level electronic, electromechanical, and mechanical components and assemblies, as well as lightning diversion systems; and radar enclosures, aircraft avionics racks, shipboard communications and control enclosures, shipboard communications and control enclosures, wire harnesses, surge suppressors, conformal shields, and other assemblies.
Is Ducommun undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: DCO ($49.27) is trading below our estimate of fair value ($251.25)
Significantly Below Fair Value: DCO is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: DCO is good value based on its PE Ratio (18.8x) compared to the US Aerospace & Defense industry average (19.6x).
PE vs Market: DCO is poor value based on its PE Ratio (18.8x) compared to the US market (17.8x).
Price to Earnings Growth Ratio
PEG Ratio: DCO is good value based on its PEG Ratio (0.8x)
Price to Book Ratio
PB vs Industry: DCO is good value based on its PB Ratio (1.7x) compared to the US Aerospace & Defense industry average (3.1x).
How is Ducommun forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: DCO's forecast earnings growth (22.1% per year) is above the savings rate (2%).
Earnings vs Market: DCO's earnings (22.1% per year) are forecast to grow faster than the US market (14.9% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: DCO's revenue (7.1% per year) is forecast to grow slower than the US market (9.7% per year).
High Growth Revenue: DCO's revenue (7.1% 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 DCO's Return on Equity is forecast to be high in 3 years time
How has Ducommun performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DCO has high quality earnings.
Growing Profit Margin: DCO's current net profit margins (5%) are higher than last year (4.4%).
Past Earnings Growth Analysis
Earnings Trend: DCO has become profitable over the past 5 years, growing earnings by 39.9% per year.
Accelerating Growth: DCO's earnings growth over the past year (4%) is below its 5-year average (39.9% per year).
Earnings vs Industry: DCO earnings growth over the past year (4%) exceeded the Aerospace & Defense industry 2.5%.
Return on Equity
High ROE: DCO's Return on Equity (9.1%) is considered low.
How is Ducommun's financial position?
Financial Position Analysis
Short Term Liabilities: DCO's short term assets ($410.6M) exceed its short term liabilities ($133.6M).
Long Term Liabilities: DCO's short term assets ($410.6M) exceed its long term liabilities ($350.0M).
Debt to Equity History and Analysis
Debt Level: DCO's debt to equity ratio (88.2%) is considered high.
Reducing Debt: DCO's debt to equity ratio has reduced from 90.5% to 88.2% over the past 5 years.
Debt Coverage: DCO's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: DCO's interest payments on its debt are well covered by EBIT (4.2x coverage).
What is Ducommun current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate DCO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate DCO's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if DCO's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if DCO's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: DCO is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of DCO's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Steve Oswald (57 yo)
Mr. Stephen G. Oswald, also known as Steve, has been Chief Executive Officer and President at Ducommun Incorporated since January 23, 2017 and Chairman of the Board since May 2, 2018. Mr. Oswald served as...
CEO Compensation Analysis
Compensation vs Market: Steve's total compensation ($USD4.98M) is above average for companies of similar size in the US market ($USD1.69M).
Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.
Experienced Management: DCO's management team is considered experienced (4.3 years average tenure).
Experienced Board: DCO's board of directors are considered experienced (3.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: DCO insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2%.
Ducommun Incorporated's employee growth, exchange listings and data sources
- Name: Ducommun Incorporated
- Ticker: DCO
- Exchange: NYSE
- Founded: 1849
- Industry: Aerospace and Defense
- Sector: Capital Goods
- Market Cap: US$587.314m
- Shares outstanding: 11.92m
- Website: https://www.ducommun.com
Number of Employees
- Ducommun Incorporated
- 200 Sandpointe Avenue
- Suite 700
- Santa Ana
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/16 22:49|
|End of Day Share Price||2021/09/16 00:00|
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.