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Dycom Industries

NYSE:DY
Snowflake Description

Moderate growth potential with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DY
NYSE
$1B
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

Dycom Industries, Inc. provides specialty contracting services in the United States. The last earnings update was 20 days ago. More info.


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  • Dycom Industries has significant price volatility in the past 3 months.
DY Share Price and Events
7 Day Returns
-5%
NYSE:DY
-3.1%
US Construction
-1.1%
US Market
1 Year Returns
-54.9%
NYSE:DY
-5.2%
US Construction
6.4%
US Market
DY Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Dycom Industries (DY) -5% -25.3% -5.2% -54.9% -25.8% 52.1%
US Construction -3.1% -3.3% 21.8% -5.2% 21% -5.9%
US Market -1.1% 0.3% 17.2% 6.4% 37.9% 42.1%
1 Year Return vs Industry and Market
  • DY underperformed the Construction industry which returned -5.2% over the past year.
  • DY underperformed the Market in United States of America which returned 6.4% over the past year.
Price Volatility
DY
Industry
5yr Volatility vs Market

DY Value

 Is Dycom Industries 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 Dycom Industries 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 Dycom Industries.

NYSE:DY Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.1%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 NYSE:DY
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Construction Unlevered Beta Simply Wall St/ S&P Global 1.09
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.09 (1 + (1- 21%) (59.17%))
1.401
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.4
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.401 * 5.96%)
11.08%

Discounted Cash Flow Calculation for NYSE:DY using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Dycom Industries 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.

NYSE:DY DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 11.08%)
2019 44.90 Analyst x2 40.42
2020 115.15 Analyst x2 93.32
2021 102.75 Analyst x2 74.96
2022 95.42 Est @ -7.13% 62.67
2023 91.44 Est @ -4.17% 54.06
2024 89.52 Est @ -2.1% 47.65
2025 88.93 Est @ -0.65% 42.61
2026 89.26 Est @ 0.36% 38.50
2027 90.21 Est @ 1.07% 35.03
2028 91.63 Est @ 1.57% 32.03
Present value of next 10 years cash flows $521.26
NYSE:DY DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $91.63 × (1 + 2.73%) ÷ (11.08% – 2.73%)
$1,126.95
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,126.95 ÷ (1 + 11.08%)10
$393.95
NYSE:DY Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $521.26 + $393.95
$915.21
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $915.21 / 31.44
$29.11
NYSE:DY Discount to Share Price
Calculation Result
Value per share (USD) From above. $29.11
Current discount Discount to share price of $46.94
= -1 x ($46.94 - $29.11) / $29.11
-61.3%

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

  • The current share price of Dycom Industries 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 Dycom Industries's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Dycom Industries's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:DY PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-01-26) in USD $2.01
NYSE:DY Share Price ** NYSE (2019-03-22) in USD $46.94
United States of America Construction Industry PE Ratio Median Figure of 29 Publicly-Listed Construction Companies 16.67x
United States of America Market PE Ratio Median Figure of 3,062 Publicly-Listed Companies 17.16x

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

** Primary Listing of Dycom Industries.

NYSE:DY PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:DY Share Price ÷ EPS (both in USD)

= 46.94 ÷ 2.01

23.32x

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

  • Dycom Industries is overvalued based on earnings compared to the US Construction industry average.
  • Dycom Industries is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Dycom Industries's expected growth come at a high price?
Raw Data
NYSE:DY PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 23.32x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
21.4%per year
United States of America Construction Industry PEG Ratio Median Figure of 25 Publicly-Listed Construction Companies 1.12x
United States of America Market PEG Ratio Median Figure of 2,105 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

NYSE:DY PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 23.32x ÷ 21.4%

1.09x

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

  • Dycom Industries is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Dycom Industries's assets?
Raw Data
NYSE:DY PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-01-26) in USD $25.59
NYSE:DY Share Price * NYSE (2019-03-22) in USD $46.94
United States of America Construction Industry PB Ratio Median Figure of 34 Publicly-Listed Construction Companies 1.76x
United States of America Market PB Ratio Median Figure of 5,165 Publicly-Listed Companies 1.85x
NYSE:DY PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:DY Share Price ÷ Book Value per Share (both in USD)

= 46.94 ÷ 25.59

1.83x

* Primary Listing of Dycom Industries.

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

  • Dycom Industries is overvalued based on assets compared to the US Construction industry average.
X
Value checks
We assess Dycom Industries'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 Construction 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 Construction industry average (and greater than 0)? (1 check)
  5. Dycom Industries has a total score of 0/6, 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.

DY Future Performance

 How is Dycom Industries expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

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
21.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Dycom Industries expected to grow at an attractive rate?
  • Dycom Industries's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Dycom Industries's earnings growth is expected to exceed the United States of America market average.
  • Dycom Industries's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:DY Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:DY Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 21.4%
NYSE:DY Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 5%
United States of America Construction Industry Earnings Growth Rate Market Cap Weighted Average 22.9%
United States of America Construction Industry Revenue Growth Rate Market Cap Weighted Average 5.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.2%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*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
NYSE:DY Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:DY Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-01-31 3,483 121 1
2021-01-31 3,503 278 97 8
2020-01-31 3,292 277 70 9
2019-01-31 3,098 261 77 8
NYSE:DY Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-01-26 3,128 124 63
2018-10-27 2,879 54 101
2018-07-28 2,787 166 102
2018-04-28 2,768 303 116
2018-01-27 2,978 353 151
2017-10-28 3,024 355 135
2017-07-29 3,067 256 157
2017-04-29 3,076 289 163
2017-01-28 2,954 279 157
2016-10-29 2,812 249 149
2016-07-30 2,673 276 129
2016-04-23 2,462 97 113

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Dycom Industries's earnings are expected to grow significantly at over 20% yearly.
  • Dycom Industries's revenue is expected to grow by 5% 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
NYSE:DY Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from Dycom Industries Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:DY Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-01-31 3.81 3.81 3.81 1.00
2021-01-31 3.11 3.52 2.76 6.00
2020-01-31 2.21 2.51 2.05 6.00
2019-01-31 2.42 2.46 2.38 4.00
NYSE:DY Past Financials Data
Date (Data in USD Millions) EPS *
2019-01-26 2.01
2018-10-27 3.26
2018-07-28 3.29
2018-04-28 3.74
2018-01-27 4.86
2017-10-28 4.32
2017-07-29 5.01
2017-04-29 5.19
2017-01-28 4.96
2016-10-29 4.66
2016-07-30 3.98
2016-04-23 3.43

*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.
  • Dycom Industries is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Dycom Industries'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Dycom Industries 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.

DY Past Performance

  How has Dycom Industries 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 Dycom Industries's growth in the last year to its industry (Construction).
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.
  • Dycom Industries's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Dycom Industries's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Dycom Industries's 1-year earnings growth is negative, it can't be compared to the US Construction industry average.
Earnings and Revenue History
Dycom Industries'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 Dycom Industries Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:DY 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 3,127.70 62.91 269.14
2018-10-27 2,879.04 101.35 260.06
2018-07-28 2,787.01 102.30 255.86
2018-04-28 2,767.73 116.11 250.83
2018-01-27 2,977.87 151.34 245.77
2017-10-28 3,023.87 134.94 243.59
2017-07-29 3,066.88 157.22 239.23
2017-04-29 3,075.85 162.87 241.16
2017-01-28 2,954.16 157.16 236.36
2016-10-29 2,812.50 148.97 225.19
2016-07-30 2,672.54 128.74 216.43
2016-04-23 2,461.86 113.21 202.49
2016-01-23 2,289.58 100.38 190.67
2015-10-24 2,171.19 94.34 185.47
2015-07-25 2,022.31 84.32 178.70
2015-04-25 1,925.90 66.99 169.88
2015-01-24 1,859.83 54.62 164.33
2014-10-25 1,809.26 42.13 161.08
2014-07-26 1,811.59 39.98 161.86
2014-04-26 1,808.15 38.15 157.01
2014-01-25 1,819.24 37.46 156.96
2013-10-26 1,798.05 41.99 150.52
2013-07-27 1,608.61 35.19 135.57
2013-04-27 1,448.01 33.80 126.79
2013-01-26 1,306.75 36.25 114.64
2012-10-27 1,204.83 38.27 106.79
2012-07-28 1,201.12 39.38 104.02
2012-04-28 1,186.80 39.06 102.87

*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.
  • Dycom Industries has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Dycom Industries used its assets less efficiently than the US Construction industry average last year based on Return on Assets.
  • Dycom Industries's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Dycom Industries'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 Construction 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.
Dycom Industries has a total score of 1/6, 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.

DY Health

 How is Dycom Industries'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 Dycom Industries's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Dycom Industries is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Dycom Industries's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Dycom Industries'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.
  • Debt is covered by short term assets, assets are 1.3x debt.
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 Dycom Industries Company Filings, last reported 1 month ago.

NYSE:DY Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-01-26 804.17 873.20 143.10
2018-10-27 816.86 867.84 36.34
2018-07-28 783.21 758.60 35.03
2018-04-28 746.98 760.61 68.50
2018-01-27 725.00 760.31 95.94
2017-10-28 689.64 760.07 35.85
2017-07-29 671.58 759.92 48.86
2017-04-29 622.74 826.02 19.36
2017-01-28 615.07 759.39 29.49
2016-10-29 613.72 792.00 21.71
2016-07-30 557.29 719.33 39.33
2016-04-23 501.74 733.33 19.33
2016-01-23 564.20 618.08 20.17
2015-10-24 543.91 641.63 21.80
2015-07-25 507.20 520.65 21.29
2015-04-25 522.19 446.69 22.54
2015-01-24 504.91 433.92 18.43
2014-10-25 509.50 467.36 16.46
2014-07-26 484.93 457.80 20.67
2014-04-26 464.93 413.24 18.72
2014-01-25 451.64 425.68 16.34
2013-10-26 460.98 484.33 14.39
2013-07-27 428.36 451.98 18.61
2013-04-27 408.82 440.63 18.25
2013-01-26 398.37 426.28 22.59
2012-10-27 392.00 187.56 54.73
2012-07-28 392.93 187.57 52.58
2012-04-28 378.39 187.62 66.71
  • Dycom Industries's level of debt (108.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (94.1% vs 108.6% today).
  • Debt is not well covered by operating cash flow (14.3%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.6x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Dycom Industries'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. Dycom Industries has a total score of 2/6, 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.

DY Dividends

 What is Dycom Industries'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
0%
Current annual income from Dycom Industries dividends.
If you bought $2,000 of Dycom Industries shares you are expected to receive $0 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?
  • Unable to evaluate Dycom Industries's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Dycom Industries's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
NYSE:DY 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 9 Analyst Estimates (S&P Global) See Below
United States of America Construction Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 1.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2003 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.9%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America 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.

NYSE:DY Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-01-31
2021-01-31
2020-01-31
2019-01-31

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

  • Unable to perform a dividend volatility check as Dycom Industries has not reported any payouts.
  • Unable to verify if Dycom Industries's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Dycom Industries's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Dycom Industries has not reported any payouts.
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 Dycom Industries's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Dycom Industries afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Dycom Industries has a total score of 0/6, see the detailed checks below.


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

DY Management

 What is the CEO of Dycom Industries'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
Steve Nielsen
COMPENSATION $2,784,616
AGE 55
TENURE AS CEO 20 years
CEO Bio

Mr. Steven E. Nielsen, also known as Steve, has been the Chief Executive Officer and President at Dycom Industries Inc. since March 1999 and August 1996 respectively. Mr. Nielsen serves as the Chairman at Dycom Industries Inc. Chairman. Mr. Nielsen serves as a Vice President of Underground Specialties, LLC. He served as the Chief Operating Officer at Dycom Industries Inc., from August 1996 to March 1999 and Vice President from February 1996 to August 1996. Mr. Nielsen has been a Director of Dycom Industries Inc., since February 26, 1996. He served as a Director of SBA Communications Corp. from November 2001 to May 7, 2009.

CEO Compensation
  • Steve's compensation has been consistent with company performance over the past year.
  • Steve's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Dycom Industries management team in years:

10.9
Average Tenure
54
Average Age
  • The average tenure for the Dycom Industries management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Steve Nielsen

TITLE
Chairman
COMPENSATION
$3M
AGE
55
TENURE
20 yrs

Drew DeFerrari

TITLE
Senior VP
COMPENSATION
$1M
AGE
49
TENURE
10.9 yrs

Timothy Estes

TITLE
Executive VP & COO
COMPENSATION
$2M
AGE
64
TENURE
17.5 yrs

Rick Vilsoet

TITLE
Senior VP
COMPENSATION
$938K
AGE
65
TENURE
13.8 yrs

Sharon Villaverde

TITLE
VP & Chief Accounting Officer
AGE
44
TENURE
0.3 yrs

Scott Horton

TITLE
VP & Chief Human Resources Officer
AGE
54
TENURE
0.5 yrs

Rebecca Roach

TITLE
Vice President of Business Process
AGE
43
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure and age of the Dycom Industries board of directors in years:

3.8
Average Tenure
61
Average Age
  • The tenure for the Dycom Industries board of directors is about average.
Board of Directors

Steve Coley

TITLE
Lead Director
COMPENSATION
$120K
AGE
73

Steve Nielsen

TITLE
Chairman
COMPENSATION
$3M
AGE
55

Patricia Higgins

TITLE
Independent Director
COMPENSATION
$117K
AGE
68
TENURE
10.8 yrs

Dwight Duke

TITLE
Independent Director
COMPENSATION
$114K
AGE
66
TENURE
8.2 yrs

Laurie Thomsen

TITLE
Independent Director
COMPENSATION
$109K
AGE
61
TENURE
3.8 yrs

Anders Gustafsson

TITLE
Independent Director
COMPENSATION
$105K
AGE
58
TENURE
5.3 yrs

Eitan Gertel

TITLE
Independent Director
COMPENSATION
$109K
AGE
56
TENURE
3.1 yrs

Richard Sykes

TITLE
Independent Director
TENURE
1 yrs

Peter Pruitt

TITLE
Director
TENURE
0.3 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 ($) Value ($)
30. May 18 Buy Richard Sykes Individual 30. May 18 30. May 18 2,000 $94.81 $189,620
X
Management checks
We assess Dycom Industries'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. Dycom Industries 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.

DY News

Simply Wall St News

If You Had Bought Dycom Industries (NYSE:DY) Stock A Year Ago, You'd Be Sitting On A 56% Loss, Today

(NYSE:DY) have suffered share price declines over the last year. … In that relatively short period, the share price has plunged 56%. … In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business.

Simply Wall St -

What Do Analysts Think About Dycom Industries, Inc.'s (NYSE:DY) Earnings Trend?

Dycom Industries, Inc.'s (NYSE:DY) most recent earnings update in January 2019a … indicated

Simply Wall St -

Is Now The Time To Look At Buying Dycom Industries, Inc. (NYSE:DY)?

led the NYSE gainers with a relatively large price hike in the past couple of weeks. … With many analysts covering the stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price? … However, could the stock still be trading at a relatively cheap price.

Simply Wall St -

Why We’re Not Impressed By Dycom Industries, Inc.’s (NYSE:DY) 2.9% ROCE

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … What is Return On Capital Employed (ROCE)? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Despite Its High P/E Ratio, Is Dycom Industries, Inc. (NYSE:DY) Still Undervalued?

To keep it practical, we'll show how Dycom Industries, Inc.'s (NYSE:DY) P/E ratio could help you assess the value on offer. … Dycom Industries has a P/E ratio of 17.59, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Does Dycom Industries, Inc. (NYSE:DY) Have A Particularly Volatile Share Price?

Some stocks mimic the volatility of the market quite closely, while others demonstrate muted, exagerrated or uncorrelated price movements. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.

Simply Wall St -

What Investors Should Know About Dycom Industries, Inc.'s (NYSE:DY) Financial Strength

(NYSE:DY) with its market cap of US$1.7b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Evaluating financial health as part of your investment thesis is. … I believe these basic checks tell most of the story you need to know.

Simply Wall St -

Is Dycom Industries Inc's (NYSE:DY) ROE Of 12% Impressive?

Our data shows Dycom Industries has a return on equity of 12% for the last year. … One way to conceptualize this, is that for each $1 of shareholders' equity it has, the company made $0.12 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Does Dycom Industries Inc's (NYSE:DY) CEO Pay Matter?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Steve Nielsen's Compensation Compare With Similar Sized Companies. … According to our data, Dycom Industries Inc has a market capitalization of US$2.3b, and pays its CEO total annual compensation worth US$2.8m

Simply Wall St -

Dycom Industries Inc (NYSE:DY): Time For A Financial Health Check

Small and large cap stocks are widely popular for a variety of reasons, however, mid-cap companies such as Dycom Industries Inc (NYSE:DY), with a market cap of US$2.2b, often get neglected by retail investors. … While they are less talked about as an investment category, mid-cap risk-adjusted returns have generally been better than more commonly focused stocks that fall into the small- or large-cap categories. … Today we will look at DY’s financial liquidity and debt levels, which are strong indicators for whether the company can weather economic downturns or fund strategic acquisitions for future growth.

Simply Wall St -

DY Company Info

Description

Dycom Industries, Inc. provides specialty contracting services in the United States. The company offers various specialty contracting services, including program management, engineering, construction, maintenance, and installation services, such as placement and splicing of fiber, copper, and coaxial cables to telecommunications providers. It also provides tower construction, lines and antenna installation, and foundation and equipment pad construction for wireless carriers, as well as equipment installation and material fabrication, and site testing services; and installs and maintains customer premise equipment, such as digital video recorders, set top boxes, and modems for cable television system operators. In addition, the company offers construction and maintenance services for electric and gas utilities, and other customers; and underground facility locating services, such as locating telephone, cable television, power, water, sewer, and gas lines for various utility companies, including telecommunication providers. Dycom Industries, Inc. was founded in 1969 and is based in Palm Beach Gardens, Florida.

Details
Name: Dycom Industries, Inc.
DY
Exchange: NYSE
Founded: 1969
$1,475,841,666
31,441,024
Website: http://www.dycomind.com
Address: Dycom Industries, Inc.
11780 US Highway 1,
Suite 600,
Palm Beach Gardens,
Florida, 33408,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE DY Common Stock New York Stock Exchange US USD 14. Dec 1972
DB DYI Common Stock Deutsche Boerse AG DE EUR 14. Dec 1972
Number of employees
Current staff
Staff numbers
14,920
Dycom Industries employees.
Industry
Construction and Engineering
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/24 23:35
End of day share price update: 2019/03/22 00:00
Last estimates confirmation: 2019/03/04
Last earnings filing: 2019/03/04
Last earnings reported: 2019/01/26
Last annual earnings reported: 2019/01/26


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.