DCO Stock Overview
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$40.08|
|52 Week High||US$58.18|
|52 Week Low||US$38.89|
|1 Month Change||-9.24%|
|3 Month Change||-8.62%|
|1 Year Change||-20.40%|
|3 Year Change||-0.30%|
|5 Year Change||17.61%|
|Change since IPO||1,451.48%|
Recent News & Updates
Ducommun announces new credit facility
Ducommun (NYSE:DCO) has entered into a new credit facility consisting of a $250M term loan and a $200M revolving line of credit to replace its existing debt structure. In connection with the transaction, the Co. extinguished its existing $140M term loan, its existing $100M unused revolving line of credit which would have matured in December 2024 and December 2024 respectively. The new term loan and new revolving line of credit will mature in July 2027. The initial variable rate on the new term loan is Term SOFR plus 1.625%, subject to adjustments based on the Co.’s leverage ratio. “We chose to execute an opportunistic refinancing of our existing credit facility mid-term, with the goal of securing a new five year credit facility while in a favorable term loan environment,” said Stephen G. Oswald, chairman, President and CEO.
What Does Ducommun Incorporated's (NYSE:DCO) Share Price Indicate?
Ducommun Incorporated ( NYSE:DCO ), is not the largest company out there, but it saw significant share price movement...
|DCO||US Aerospace & Defense||US Market|
Return vs Industry: DCO underperformed the US Aerospace & Defense industry which returned 0.2% over the past year.
Return vs Market: DCO matched the US Market which returned -20.3% over the past year.
|DCO Average Weekly Movement||4.2%|
|Aerospace & Defense Industry Average Movement||6.0%|
|Market Average Movement||6.9%|
|10% most volatile stocks in US Market||15.7%|
|10% least volatile stocks in US Market||2.8%|
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, printed circuit board assemblies, cable assemblies, wire harnesses, interconnect systems, lightning diversion strips, surge suppressors, conformal shields, and other assemblies.
Ducommun Fundamentals Summary
|DCO fundamental statistics|
Is DCO overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|DCO income statement (TTM)|
|Cost of Revenue||US$526.05m|
Last Reported Earnings
Jul 02, 2022
Next Earnings Date
|Earnings per share (EPS)||10.99|
|Net Profit Margin||19.93%|
How did DCO perform over the long term?See historical performance and comparison
Is DCO undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 6/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for DCO?
Other financial metrics that can be useful for relative valuation.
|What is DCO's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does DCO's PE Ratio compare to its peers?
|DCO PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
NPK National Presto Industries
PKE Park Aerospace
Price-To-Earnings vs Peers: DCO is good value based on its Price-To-Earnings Ratio (3.6x) compared to the peer average (24x).
Price to Earnings Ratio vs Industry
How does DCO's PE Ratio compare vs other companies in the US Aerospace & Defense Industry?
Price-To-Earnings vs Industry: DCO is good value based on its Price-To-Earnings Ratio (3.6x) compared to the US Aerospace & Defense industry average (24.2x)
Price to Earnings Ratio vs Fair Ratio
What is DCO's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||3.6x|
|Fair PE Ratio||5.5x|
Price-To-Earnings vs Fair Ratio: DCO is good value based on its Price-To-Earnings Ratio (3.6x) compared to the estimated Fair Price-To-Earnings Ratio (5.5x).
Share Price vs Fair Value
What is the Fair Price of DCO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: DCO ($40.08) is trading below our estimate of fair value ($512.72)
Significantly Below Fair Value: DCO is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.
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How is Ducommun forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: DCO's earnings are forecast to decline over the next 3 years (-34% per year).
Earnings vs Market: DCO's earnings are forecast to decline over the next 3 years (-34% per year).
High Growth Earnings: DCO's earnings are forecast to decline over the next 3 years.
Revenue vs Market: DCO's revenue (6.7% per year) is forecast to grow slower than the US market (7.7% per year).
High Growth Revenue: DCO's revenue (6.7% 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
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How has Ducommun performed over the past 5 years?
Past Performance Score5/6
Past Performance Score 5/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DCO has a large one-off gain of $132.3M impacting its July 2 2022 financial results.
Growing Profit Margin: DCO's current net profit margins (19.9%) are higher than last year (5%).
Past Earnings Growth Analysis
Earnings Trend: DCO's earnings have grown significantly by 47.7% per year over the past 5 years.
Accelerating Growth: DCO's earnings growth over the past year (324.7%) exceeds its 5-year average (47.7% per year).
Earnings vs Industry: DCO earnings growth over the past year (324.7%) exceeded the Aerospace & Defense industry 11.9%.
Return on Equity
High ROE: DCO's Return on Equity (26.7%) is considered high.
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How is Ducommun's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: DCO's short term assets ($484.8M) exceed its short term liabilities ($173.7M).
Long Term Liabilities: DCO's short term assets ($484.8M) exceed its long term liabilities ($308.8M).
Debt to Equity History and Analysis
Debt Level: DCO's net debt to equity ratio (43.4%) is considered high.
Reducing Debt: DCO's debt to equity ratio has reduced from 78% to 51% over the past 5 years.
Debt Coverage: DCO's debt is not well covered by operating cash flow (9.2%).
Interest Coverage: DCO's interest payments on its debt are well covered by EBIT (4.3x coverage).
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What is Ducommun current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Dividend Yield vs Market
|Ducommun Dividend Yield vs Market|
|Market Bottom 25% (US)||1.7%|
|Market Top 25% (US)||4.7%|
|Industry Average (Aerospace & Defense)||2.1%|
|Analyst forecast in 3 Years (Ducommun)||n/a|
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.
Earnings Payout to Shareholders
Earnings Coverage: DCO is not paying a notable dividend for the US market.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as DCO has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Steve Oswald (58 yo)
Mr. Stephen G. Oswald, also known as Steve, serves as Director at The National Wwii Museum Inc since September 2021. Mr. Oswald has been Chief Executive Officer and President at Ducommun Incorporated since...
CEO Compensation Analysis
|Steve Oswald's Compensation vs Ducommun Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Jul 02 2022||n/a||n/a|
|Apr 02 2022||n/a||n/a|
|Dec 31 2021||US$6m||US$897k|
|Oct 02 2021||n/a||n/a|
|Jul 03 2021||n/a||n/a|
|Apr 03 2021||n/a||n/a|
|Dec 31 2020||US$5m||US$899k|
|Sep 26 2020||n/a||n/a|
|Jun 27 2020||n/a||n/a|
|Mar 28 2020||n/a||n/a|
|Dec 31 2019||US$6m||US$806k|
|Sep 28 2019||n/a||n/a|
|Jun 29 2019||n/a||n/a|
|Mar 30 2019||n/a||n/a|
|Dec 31 2018||US$5m||US$773k|
|Sep 29 2018||n/a||n/a|
|Jun 30 2018||n/a||n/a|
|Mar 31 2018||n/a||n/a|
|Dec 31 2017||US$5m||US$692k|
Compensation vs Market: Steve's total compensation ($USD6.30M) is above average for companies of similar size in the US market ($USD2.83M).
Compensation vs Earnings: Steve's compensation has increased by more than 20% in the past year.
Experienced Management: DCO's management team is seasoned and experienced (5.5 years average tenure).
Experienced Board: DCO's board of directors are considered experienced (7.6 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
|13 Sep 22||SellUS$66,270||Christopher Wampler||Individual||1,500||US$44.18|
|12 May 22||SellUS$183,400||Christopher Wampler||Individual||4,000||US$45.85|
|24 Mar 22||SellUS$224,933||Robert Ducommun||Individual||4,250||US$53.25|
|12 Nov 21||SellUS$76,455||Christopher Wampler||Individual||1,500||US$50.97|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
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
- Implied Market Cap: US$483.875m
- Shares outstanding: 12.07m
- Website: https://www.ducommun.com
Number of Employees
- Ducommun Incorporated
- 200 Sandpointe Avenue
- Suite 700
- Santa Ana
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|DCO||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Jan 1969|
|DUM||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jan 1969|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/29 00:00|
|End of Day Share Price||2022/09/29 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.