Douglas Dynamics, Inc. operates as a manufacturer and upfitter of commercial work truck attachments and equipment in North America.
Adequate balance sheet average dividend payer.
Share Price & News
How has Douglas Dynamics's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PLOW has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: PLOW underperformed the US Machinery industry which returned -8.3% over the past year.
Return vs Market: PLOW underperformed the US Market which returned 6.7% over the past year.
Price Volatility Vs. Market
How volatile is Douglas Dynamics's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StDouglas Dynamics, Inc.'s (NYSE:PLOW) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?
3 months ago | Simply Wall StWhat Is Douglas Dynamics's (NYSE:PLOW) P/E Ratio After Its Share Price Tanked?
3 months ago | Simply Wall StDoes Douglas Dynamics (NYSE:PLOW) Deserve A Spot On Your Watchlist?
Is Douglas Dynamics undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PLOW ($32.63) is trading below our estimate of fair value ($39.21)
Significantly Below Fair Value: PLOW is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: PLOW is poor value based on its PE Ratio (19.2x) compared to the US Machinery industry average (18.8x).
PE vs Market: PLOW is poor value based on its PE Ratio (19.2x) compared to the US market (16.2x).
Price to Earnings Growth Ratio
PEG Ratio: PLOW is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: PLOW is overvalued based on its PB Ratio (2.5x) compared to the US Machinery industry average (1.9x).
How is Douglas Dynamics forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PLOW's forecast earnings growth (29.1% per year) is above the savings rate (2.2%).
Earnings vs Market: PLOW's earnings (29.1% per year) are forecast to grow faster than the US market (22.9% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: PLOW's revenue (3% per year) is forecast to grow slower than the US market (9.4% per year).
High Growth Revenue: PLOW's revenue (3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if PLOW's Return on Equity is forecast to be high in 3 years time
How has Douglas Dynamics performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PLOW has high quality earnings.
Growing Profit Margin: PLOW's current net profit margins (7.1%) are lower than last year (8.4%).
Past Earnings Growth Analysis
Earnings Trend: PLOW's earnings have grown by 4.6% per year over the past 5 years.
Accelerating Growth: PLOW's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: PLOW had negative earnings growth (-13.8%) over the past year, making it difficult to compare to the Machinery industry average (-5.4%).
Return on Equity
High ROE: PLOW's Return on Equity (13.4%) is considered low.
How is Douglas Dynamics's financial position?
Financial Position Analysis
Short Term Liabilities: PLOW's short term assets ($202.5M) exceed its short term liabilities ($83.8M).
Long Term Liabilities: PLOW's short term assets ($202.5M) do not cover its long term liabilities ($315.7M).
Debt to Equity History and Analysis
Debt Level: PLOW's debt to equity ratio (94.4%) is considered high.
Reducing Debt: PLOW's debt to equity ratio has reduced from 111.6% to 94.4% over the past 5 years.
Debt Coverage: PLOW's debt is well covered by operating cash flow (26.7%).
Interest Coverage: PLOW's interest payments on its debt are well covered by EBIT (3.8x coverage).
What is Douglas Dynamics's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PLOW's dividend (3.43%) is higher than the bottom 25% of dividend payers in the US market (1.68%).
High Dividend: PLOW's dividend (3.43%) is low compared to the top 25% of dividend payers in the US market (4.6%).
Stability and Growth of Payments
Stable Dividend: PLOW's dividends per share have been stable in the past 10 years.
Growing Dividend: PLOW's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (64.7%), PLOW's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Bob McCormick (59yo)
Mr. Robert L. Mccormick, also known as Bob, has been President, CEO and Director of Douglas Dynamics, Inc., since January 1, 2019. Mr. Mccormick served as Chief Operating Officer of Douglas Dynamics, Inc. ...
CEO Compensation Analysis
Compensation vs Market: Bob's total compensation ($USD1.99M) is below average for companies of similar size in the US market ($USD3.17M).
Compensation vs Earnings: Bob's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|Executive Chairman||6.25yrs||US$710.54k||0.64% $4.8m|
|CFO & Secretary||2.92yrs||US$1.03m||0.061% $455.8k|
|President of Work Truck Solutions||3.33yrs||US$715.29k||0.062% $465.6k|
|President of Commercial Snow & Ice||3.08yrs||US$890.09k||0.38% $2.8m|
|Vice President of Human Resources||no data||no data||no data|
|Director of Operational Excellence||no data||no data||no data|
|Corporate Controller & Assistant Secretary||no data||no data||0.017% $128.8k|
|Director of Organizational Development||no data||no data||no data|
Experienced Management: PLOW's management team is considered experienced (2.2 years average tenure).
|Executive Chairman||6.25yrs||US$710.54k||0.64% $4.8m|
|Independent Director||10yrs||US$146.86k||0.16% $1.2m|
|Independent Lead Director||6.25yrs||US$171.86k||0.11% $847.7k|
|Independent Director||9yrs||US$161.36k||0.10% $764.1k|
|Independent Director||8.08yrs||US$156.86k||0.094% $698.6k|
|Independent Director||9.75yrs||US$156.86k||0.11% $823.9k|
Experienced Board: PLOW's board of directors are considered experienced (8.1 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Douglas Dynamics, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Douglas Dynamics, Inc.
- Ticker: PLOW
- Exchange: NYSE
- Founded: 1948
- Industry: Construction Machinery and Heavy Trucks
- Sector: Capital Goods
- Market Cap: US$745.839m
- Shares outstanding: 22.86m
- Website: https://www.douglasdynamics.com
Number of Employees
- Douglas Dynamics, Inc.
- 7777 North 73rd Street
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|PLOW||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||May 2010|
|5D4||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||May 2010|
Douglas Dynamics, Inc. operates as a manufacturer and upfitter of commercial work truck attachments and equipment in North America. It operates in two segments, Work Truck Attachments and Work Truck Solutions. The Work Truck Attachments segment manufactures and sells snow and ice control attachments, including snowplows, and sand and salt spreaders for light trucks and heavy duty trucks, as well as various related parts and accessories. The Work Truck Solutions segment primarily manufactures municipal snow and ice control products; provides truck and vehicle upfits where it attaches component pieces of equipment, truck bodies, racking, and storage solutions to a vehicle chassis for use by end users for work related purposes; and manufactures storage solutions for trucks and vans, and cable pulling equipment for trucks. This segment also offers up-fit and storage solutions. It also provides customized turnkey solutions to governmental agencies, such as Departments of Transportation and municipalities. It sells its products under the BLIZZARD, FISHER, HENDERSON, SNOWEX, WESTERN, TURFEX, SWEEPEX, HENDERSON, and DEJANA brands. The company distributes its products primarily to professional snowplowers who are contracted to remove snow and ice from commercial and residential areas. Douglas Dynamics, Inc. was founded in 1948 and is headquartered in Milwaukee, Wisconsin.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/12 00:05|
|End of Day Share Price||2020/07/10 00:00|
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.