| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 2/6 |
| Past Performance | 6/6 |
| Financial Health | 3/6 |
| Dividends | 4/6 |
DOV Overview
Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide.
Dover Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$161.90 |
| 52 Week High | US$105.40 |
| 52 Week Low | US$176.46 |
| Beta | 1.37 |
| 1 Month Change | -6.98% |
| 3 Month Change | 8.43% |
| 1 Year Change | 49.22% |
| 3 Year Change | 82.88% |
| 5 Year Change | 119.85% |
| Change since IPO | 1,680.34% |
Recent News & Updates
Shareholder Returns
| DOV | US Machinery | US Market | |
|---|---|---|---|
| 7D | -0.5% | -0.06% | 0.1% |
| 1Y | 49.2% | 37.4% | 35.3% |
Return vs Industry: DOV exceeded the US Machinery industry which returned 37.4% over the past year.
Return vs Market: DOV exceeded the US Market which returned 35.3% over the past year.
Price Volatility
| DOV volatility | |
|---|---|
| DOV Beta | 1.37 |
| Industry Beta | 1.25 |
| Market Beta | 1 |
Stable Share Price: DOV is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: DOV's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1947 | 23,000 | Rich Tobin | https://www.dovercorporation.com |
Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. The Engineered Products segment provides aftermarket vehicle, solid waste handling, industrial automation, aerospace and defense, industrial winch and hoist, bearings, drives, electric monitoring, and fluid dispensing systems. This segment also offers manual and power clamps, rotary and linear mechanical indexers, conveyors, pick and place units, glove ports, and manipulators, as well as end-of-arm robotic grippers, slides, and end effectors.
Dover Fundamentals Summary
| DOV fundamental statistics | |
|---|---|
| Market Cap | US$23.30b |
| Earnings (TTM) | US$879.68m |
| Revenue (TTM) | US$7.43b |
26.5x
P/E Ratio3.1x
P/S RatioIs DOV overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| DOV income statement (TTM) | |
|---|---|
| Revenue | US$7.43b |
| Cost of Revenue | US$4.61b |
| Gross Profit | US$2.82b |
| Expenses | US$1.94b |
| Earnings | US$879.68m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 6.11 |
| Gross Margin | 38.00% |
| Net Profit Margin | 11.84% |
| Debt/Equity Ratio | 82.9% |
How did DOV perform over the long term?
See historical performance and comparisonDividends
1.2%
Current Dividend Yield32%
Payout RatioValuation
Is Dover undervalued compared to its fair value and its price relative to the market?
15.0%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: DOV ($161.9) is trading below our estimate of fair value ($190.37)
Significantly Below Fair Value: DOV is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: DOV is good value based on its PE Ratio (26.5x) compared to the US Machinery industry average (29.4x).
PE vs Market: DOV is poor value based on its PE Ratio (26.5x) compared to the US market (17.9x).
Price to Earnings Growth Ratio
PEG Ratio: DOV is poor value based on its PEG Ratio (3.5x)
Price to Book Ratio
PB vs Industry: DOV is overvalued based on its PB Ratio (6.3x) compared to the US Machinery industry average (2.8x).
Future Growth
How is Dover forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?
7.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: DOV's forecast earnings growth (7.7% per year) is above the savings rate (2%).
Earnings vs Market: DOV's earnings (7.7% per year) are forecast to grow slower than the US market (14.8% per year).
High Growth Earnings: DOV's earnings are forecast to grow, but not significantly.
Revenue vs Market: DOV's revenue (3.8% per year) is forecast to grow slower than the US market (9.8% per year).
High Growth Revenue: DOV's revenue (3.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: DOV's Return on Equity is forecast to be high in 3 years time (28.5%)
Past Performance
How has Dover performed over the past 5 years?
6.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DOV has high quality earnings.
Growing Profit Margin: DOV's current net profit margins (11.8%) are higher than last year (10%).
Past Earnings Growth Analysis
Earnings Trend: DOV's earnings have grown by 6.6% per year over the past 5 years.
Accelerating Growth: DOV's earnings growth over the past year (30.3%) exceeds its 5-year average (6.6% per year).
Earnings vs Industry: DOV earnings growth over the past year (30.3%) exceeded the Machinery industry 22.1%.
Return on Equity
High ROE: DOV's Return on Equity (23.7%) is considered high.
Financial Health
How is Dover's financial position?
Financial Position Analysis
Short Term Liabilities: DOV's short term assets ($3.1B) exceed its short term liabilities ($1.9B).
Long Term Liabilities: DOV's short term assets ($3.1B) do not cover its long term liabilities ($4.0B).
Debt to Equity History and Analysis
Debt Level: DOV's debt to equity ratio (82.9%) is considered high.
Reducing Debt: DOV's debt to equity ratio has increased from 79.5% to 82.9% over the past 5 years.
Debt Coverage: DOV's debt is well covered by operating cash flow (38.7%).
Interest Coverage: DOV's interest payments on its debt are well covered by EBIT (11.5x coverage).
Balance Sheet
Dividend
What is Dover current dividend yield, its reliability and sustainability?
1.23%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: DOV's dividend (1.24%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.33%).
High Dividend: DOV's dividend (1.24%) is low compared to the top 25% of dividend payers in the US market (3.6%).
Stability and Growth of Payments
Stable Dividend: DOV's dividends per share have been stable in the past 10 years.
Growing Dividend: DOV's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (32.4%), DOV's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: DOV's dividends in 3 years are forecast to be well covered by earnings (28.9% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.3yrs
Average management tenure
CEO
Rich Tobin (60 yo)
3.33yrs
Tenure
US$11,982,338
Compensation
Mr. Richard Joseph Tobin, also known as Rich, is President and Chief Executive Officer at Dover Corporation since May 01, 2018. Mr. Tobin was the Chief Executive Officer of CNH Industrial N.V. since Januar...
CEO Compensation Analysis
Compensation vs Market: Rich's total compensation ($USD11.98M) is about average for companies of similar size in the US market ($USD11.36M).
Compensation vs Earnings: Rich's compensation has increased by more than 20% in the past year.
Leadership Team
Experienced Management: DOV's management team is considered experienced (4.3 years average tenure).
Board Members
Experienced Board: DOV's board of directors are considered experienced (5.6 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
Dover Corporation's employee growth, exchange listings and data sources
Key Information
- Name: Dover Corporation
- Ticker: DOV
- Exchange: NYSE
- Founded: 1947
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: US$23.302b
- Shares outstanding: 143.93m
- Website: https://www.dovercorporation.com
Number of Employees
Location
- Dover Corporation
- 3005 Highland Parkway
- Downers Grove
- Illinois
- 60515
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/09/25 22:07 |
| End of Day Share Price | 2021/09/24 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.