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DOV

DoverNYSE:DOV Stock Report

Market Cap

US$23.3b

7D

-0.5%

1Y

49.2%

Updated

26 Sep, 2021

Data

Company Financials +
DOV fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance6/6
Financial Health3/6
Dividends4/6

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

Summary of all time highs, changes and price drops for Dover
Historical stock prices
Current Share PriceUS$161.90
52 Week HighUS$105.40
52 Week LowUS$176.46
Beta1.37
1 Month Change-7.27%
3 Month Change8.67%
1 Year Change49.22%
3 Year Change82.88%
5 Year Change119.85%
Change since IPO1,680.34%

Recent News & Updates

Shareholder Returns

DOVUS MachineryUS Market
7D-0.5%-0.06%0.1%
1Y49.2%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

Is DOV's price volatile compared to industry and market?
DOV volatility
DOV Beta1.37
Industry Beta1.25
Market Beta1

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

FoundedEmployeesCEOWebsite
194723,000Rich Tobinhttps://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

How do Dover's earnings and revenue compare to its market cap?
DOV fundamental statistics
Market CapUS$23.30b
Earnings (TTM)US$879.68m
Revenue (TTM)US$7.43b

26.5x

P/E Ratio

3.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
DOV income statement (TTM)
RevenueUS$7.43b
Cost of RevenueUS$4.61b
Gross ProfitUS$2.82b
ExpensesUS$1.94b
EarningsUS$879.68m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)6.11
Gross Margin38.00%
Net Profit Margin11.84%
Debt/Equity Ratio82.9%

How did DOV perform over the long term?

See historical performance and comparison

Dividends

1.2%

Current Dividend Yield

32%

Payout Ratio

Valuation

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 (15% 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/26 22:07
End of Day Share Price2021/09/24 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.