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DY

Dycom IndustriesNYSE:DY Stock Report

Market Cap

US$2.0b

7D

-0.4%

1Y

23.3%

Updated

26 Sep, 2021

Data

Company Financials +
DY fundamental analysis
Snowflake Score
Valuation1/6
Future Growth3/6
Past Performance4/6
Financial Health5/6
Dividends0/6

DY Overview

Dycom Industries, Inc. provides specialty contracting services in the United States.

Dycom Industries Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Dycom Industries
Historical stock prices
Current Share PriceUS$67.93
52 Week HighUS$50.53
52 Week LowUS$101.16
Beta1.6
1 Month Change-12.33%
3 Month Change-10.41%
1 Year Change23.26%
3 Year Change-19.70%
5 Year Change-16.94%
Change since IPO1,229.07%

Recent News & Updates

Sep 21
Should You Investigate Dycom Industries, Inc. (NYSE:DY) At US$67.02?

Should You Investigate Dycom Industries, Inc. (NYSE:DY) At US$67.02?

Dycom Industries, Inc. ( NYSE:DY ), is not the largest company out there, but it saw significant share price movement...

Jul 18
Dycom Industries (NYSE:DY) Has A Pretty Healthy Balance Sheet

Dycom Industries (NYSE:DY) Has A Pretty Healthy Balance Sheet

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...

Jul 03
Estimating The Fair Value Of Dycom Industries, Inc. (NYSE:DY)

Estimating The Fair Value Of Dycom Industries, Inc. (NYSE:DY)

Today we will run through one way of estimating the intrinsic value of Dycom Industries, Inc. ( NYSE:DY ) by taking the...

Jun 18
Is There Now An Opportunity In Dycom Industries, Inc. (NYSE:DY)?

Is There Now An Opportunity In Dycom Industries, Inc. (NYSE:DY)?

Dycom Industries, Inc. ( NYSE:DY ), might not be a large cap stock, but it saw significant share price movement during...

Jun 03
There Are Reasons To Feel Uneasy About Dycom Industries' (NYSE:DY) Returns On Capital

There Are Reasons To Feel Uneasy About Dycom Industries' (NYSE:DY) Returns On Capital

What are the early trends we should look for to identify a stock that could multiply in value over the long term? In a...

Shareholder Returns

DYUS ConstructionUS Market
7D-0.4%0.3%0.1%
1Y23.3%80.9%35.3%

Return vs Industry: DY underperformed the US Construction industry which returned 80.9% over the past year.

Return vs Market: DY underperformed the US Market which returned 35.3% over the past year.

Price Volatility

Is DY's price volatile compared to industry and market?
DY volatility
DY Beta1.6
Industry Beta1.31
Market Beta1

Stable Share Price: DY is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: DY's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
196914,276Steve Nielsenhttps://www.dycomind.com

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, foundation and equipment pad construction, and small cell site placement 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 system operators.

Dycom Industries Fundamentals Summary

How do Dycom Industries's earnings and revenue compare to its market cap?
DY fundamental statistics
Market CapUS$2.05b
Earnings (TTM)US$48.79m
Revenue (TTM)US$3.08b

42.0x

P/E Ratio

0.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
DY income statement (TTM)
RevenueUS$3.08b
Cost of RevenueUS$2.58b
Gross ProfitUS$500.78m
ExpensesUS$451.98m
EarningsUS$48.79m

Last Reported Earnings

Jul 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.62
Gross Margin16.28%
Net Profit Margin1.59%
Debt/Equity Ratio115.0%

How did DY perform over the long term?

See historical performance and comparison

Valuation

Is Dycom Industries undervalued compared to its fair value and its price relative to the market?

42x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: DY ($67.93) is trading above our estimate of fair value ($3.65)

Significantly Below Fair Value: DY is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: DY is poor value based on its PE Ratio (42x) compared to the US Construction industry average (26.4x).

PE vs Market: DY is poor value based on its PE Ratio (42x) compared to the US market (17.9x).


Price to Earnings Growth Ratio

PEG Ratio: DY is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: DY is overvalued based on its PB Ratio (2.6x) compared to the US Construction industry average (2.2x).


Future Growth

How is Dycom Industries forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

62.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DY's forecast earnings growth (62.8% per year) is above the savings rate (2%).

Earnings vs Market: DY's earnings (62.8% per year) are forecast to grow faster than the US market (15% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: DY's revenue (8.4% per year) is forecast to grow slower than the US market (9.8% per year).

High Growth Revenue: DY's revenue (8.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: DY's Return on Equity is forecast to be low in 3 years time (15.3%).


Past Performance

How has Dycom Industries performed over the past 5 years?

-32.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DY has high quality earnings.

Growing Profit Margin: DY's current net profit margins (1.6%) are higher than last year (0.6%).


Past Earnings Growth Analysis

Earnings Trend: DY's earnings have declined by 32.6% per year over the past 5 years.

Accelerating Growth: DY's earnings growth over the past year (166.8%) exceeds its 5-year average (-32.6% per year).

Earnings vs Industry: DY earnings growth over the past year (166.8%) exceeded the Construction industry 44.1%.


Return on Equity

High ROE: DY's Return on Equity (6.3%) is considered low.


Financial Health

How is Dycom Industries's financial position?


Financial Position Analysis

Short Term Liabilities: DY's short term assets ($1.5B) exceed its short term liabilities ($447.5M).

Long Term Liabilities: DY's short term assets ($1.5B) exceed its long term liabilities ($1.0B).


Debt to Equity History and Analysis

Debt Level: DY's debt to equity ratio (115%) is considered high.

Reducing Debt: DY's debt to equity ratio has reduced from 129.1% to 115% over the past 5 years.

Debt Coverage: DY's debt is well covered by operating cash flow (30.4%).

Interest Coverage: DY's interest payments on its debt are well covered by EBIT (3.2x coverage).


Balance Sheet


Dividend

What is Dycom Industries's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate DY's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate DY'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 DY's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if DY's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of DY's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.9yrs

Average management tenure


CEO

Steve Nielsen (58 yo)

22.5yrs

Tenure

US$5,235,281

Compensation

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...


CEO Compensation Analysis

Compensation vs Market: Steve's total compensation ($USD5.24M) is above average for companies of similar size in the US market ($USD3.68M).

Compensation vs Earnings: Steve's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: DY's management team is considered experienced (2.9 years average tenure).


Board Members

Experienced Board: DY's board of directors are considered experienced (4.2 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

Dycom Industries, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Dycom Industries, Inc.
  • Ticker: DY
  • Exchange: NYSE
  • Founded: 1969
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: US$2.049b
  • Shares outstanding: 30.17m
  • Website: https://www.dycomind.com

Number of Employees


Location

  • Dycom Industries, Inc.
  • 11780 U.S. Highway One
  • Suite 600
  • Palm Beach Gardens
  • Florida
  • 33408
  • 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
Earnings2021/07/31
Annual Earnings2021/01/30


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.