NYSE:DY

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Adequate balance sheet with moderate growth potential.


Similar Companies

Share Price & News

How has Dycom Industries's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: DY's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-2.4%

DY

2.1%

US Construction

0.4%

US Market


1 Year Return

31.7%

DY

7.5%

US Construction

17.8%

US Market

Return vs Industry: DY exceeded the US Construction industry which returned 7.5% over the past year.

Return vs Market: DY exceeded the US Market which returned 17.8% over the past year.


Shareholder returns

DYIndustryMarket
7 Day-2.4%2.1%0.4%
30 Day17.2%14.6%6.1%
90 Day52.2%23.9%8.9%
1 Year31.7%31.7%8.1%7.5%20.5%17.8%
3 Year-26.8%-26.8%9.7%7.5%42.3%32.9%
5 Year-19.4%-19.4%57.0%51.3%84.2%63.4%

Price Volatility Vs. Market

How volatile is Dycom Industries's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

115.71x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: DY ($68.29) is trading above our estimate of fair value ($16.67)

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 (122.3x) compared to the US Construction industry average (20.6x).

PE vs Market: DY is poor value based on its PE Ratio (122.3x) compared to the US market (19.1x).


Price to Earnings Growth Ratio

PEG Ratio: DY is poor value based on its PEG Ratio (1.9x)


Price to Book Ratio

PB vs Industry: DY is overvalued based on its PB Ratio (2.5x) compared to the US Construction industry average (2x).


Next Steps

Future Growth

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

63.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DY's forecast earnings growth (63.1% per year) is above the savings rate (2.2%).

Earnings vs Market: DY's earnings (63.1% per year) are forecast to grow faster than the US market (22.1% per year).

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

Revenue vs Market: DY's revenue (4.7% per year) is forecast to grow slower than the US market (9.9% per year).

High Growth Revenue: DY's revenue (4.7% 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 (11.7%).


Next Steps

Past Performance

How has Dycom Industries performed over the past 5 years?

-18.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DY has a large one-off loss of $41.0M impacting its July 25 2020 financial results.

Growing Profit Margin: DY's current net profit margins (0.5%) are lower than last year (1.8%).


Past Earnings Growth Analysis

Earnings Trend: DY's earnings have declined by 18.6% per year over the past 5 years.

Accelerating Growth: DY's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: DY had negative earnings growth (-70.6%) over the past year, making it difficult to compare to the Construction industry average (14.1%).


Return on Equity

High ROE: DY's Return on Equity (2%) is considered low.


Next Steps

Financial Health

How is Dycom Industries's financial position?


Financial Position Analysis

Short Term Liabilities: DY's short term assets ($1.3B) exceed its short term liabilities ($411.3M).

Long Term Liabilities: DY's short term assets ($1.3B) exceed its long term liabilities ($859.6M).


Debt to Equity History and Analysis

Debt Level: DY's debt to equity ratio (78.7%) is considered high.

Reducing Debt: DY's debt to equity ratio has reduced from 103% to 78.7% over the past 5 years.

Debt Coverage: DY's debt is well covered by operating cash flow (48.7%).

Interest Coverage: DY's interest payments on its debt are not well covered by EBIT (2.7x coverage).


Balance Sheet


Next Steps

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?

2.1yrs

Average management tenure


CEO

Steve Nielsen (57 yo)

21.58yrs

Tenure

US$3,887,355

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 ($USD3.89M) is about average for companies of similar size in the US market ($USD4.43M).

Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Steven Nielsen
Chairman21.58yrsUS$3.89m2.06%
$ 42.3m
H. DeFerrari
Senior VP12.5yrsUS$1.58m0.44%
$ 9.0m
Timothy Estes
Executive VP & COO19.08yrsUS$2.42m0.79%
$ 16.3m
Ryan Urness
VP, General Counsel & Corporate Secretary2yrsUS$1.01m0.0036%
$ 73.6k
Scott Horton
VP & Chief Human Resources Officer2.08yrsUS$779.46k0.0042%
$ 86.2k
Sharon Villaverde
VP & Chief Accounting Officer1.92yrsno data0.0016%
$ 32.5k
Rebecca Roach
Vice President of Business Process1.92yrsno datano data

2.1yrs

Average Tenure

51yo

Average Age

Experienced Management: DY's management team is considered experienced (2.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Steven Nielsen
Chairman21.58yrsUS$3.89m2.06%
$ 42.3m
Laurie Thomsen
Independent Director5.42yrsUS$259.40k0.023%
$ 471.3k
Dwight Duke
Independent Director9.75yrsUS$255.53k0.078%
$ 1.6m
Patricia Higgins
Independent Director12.42yrsUS$261.65k0.092%
$ 1.9m
Eitan Gertel
Independent Director4.67yrsUS$251.15k0.019%
$ 386.3k
Richard Sykes
Lead Independent Director0.92yrUS$234.48k0.025%
$ 504.0k
Peter Pruitt
Independent Director1.92yrsUS$246.12k0.014%
$ 296.6k

5.0yrs

Average Tenure

63yo

Average Age

Experienced Board: DY's board of directors are considered experienced (5 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Dycom Industries, Inc.'s company bio, 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$2.057b
  • Shares outstanding: 31.84m
  • Website: https://www.dycomind.com

Number of Employees


Location

  • Dycom Industries, Inc.
  • 11780 US Highway 1
  • Suite 600
  • Palm Beach Gardens
  • Florida
  • 33408
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DYNYSE (New York Stock Exchange)YesCommon StockUSUSDDec 1972
DYIDB (Deutsche Boerse AG)YesCommon StockDEEURDec 1972

Biography

Dycom Industries, Inc. provides specialty contracting services in the United States. The company offers various specialty contracting services, including program management, engineering, construction, main ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/26 23:59
End of Day Share Price2020/10/26 00:00
Earnings2020/07/25
Annual Earnings2020/01/25


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.