NYSE:PLOW

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Executive Summary

Douglas Dynamics, Inc. operates as a manufacturer and upfitter of commercial work truck attachments and equipment in North America.


Snowflake Analysis

Adequate balance sheet average dividend payer.


Similar Companies

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's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

6.0%

PLOW

1.6%

US Machinery

1.1%

US Market


1 Year Return

-8.2%

PLOW

-6.6%

US Machinery

4.6%

US Market

Return vs Industry: PLOW matched the US Machinery industry which returned -7.5% over the past year.

Return vs Market: PLOW underperformed the US Market which returned 4.1% over the past year.


Shareholder returns

PLOWIndustryMarket
7 Day6.0%1.6%1.1%
30 Day-2.2%5.2%5.5%
90 Day-17.3%-13.3%-4.9%
1 Year-5.5%-8.2%-4.8%-6.6%7.0%4.6%
3 Year24.6%14.8%5.0%-1.8%28.6%20.1%
5 Year94.7%66.4%32.1%16.4%52.5%35.3%

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

Valuation

Is Douglas Dynamics undervalued compared to its fair value and its price relative to the market?

20.58x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: PLOW ($34.97) is trading above our estimate of fair value ($25.97)

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


Price To Earnings Ratio

PE vs Industry: PLOW is poor value based on its PE Ratio (20.6x) compared to the Machinery industry average (18.7x).

PE vs Market: PLOW is poor value based on its PE Ratio (20.6x) compared to the US market (15.1x).


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 (2.7x) compared to the US Machinery industry average (1.9x).


Next Steps

Future Growth

How is Douglas Dynamics forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

29.1%

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 (21.6% 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 (8.9% 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


Next Steps

Past Performance

How has Douglas Dynamics performed over the past 5 years?

4.6%

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 (-5.7%).


Return on Equity

High ROE: PLOW's Return on Equity (13.4%) is considered low.


Next Steps

Financial Health

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).


Balance Sheet


Next Steps

Dividend

What is Douglas Dynamics's current dividend yield, its reliability and sustainability?

3.20%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PLOW's dividend (3.2%) is higher than the bottom 25% of dividend payers in the US market (1.75%).

High Dividend: PLOW's dividend (3.2%) is low compared to the top 25% of dividend payers in the US market (4.73%).


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.


Next Steps

Management

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

2.0yrs

Average management tenure


CEO

Bob McCormick (58yo)

1.33yrs

Tenure

US$1,987,820

Compensation

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 ($USD1.99M) is below average for companies of similar size in the US market ($USD3.23M).

Compensation vs Earnings: Bob's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
James Janik
Executive Chairman6.08yrsUS$710.54k0.64% $5.1m
Robert McCormick
President1.33yrsUS$1.99m0.58% $4.6m
Sarah Lauber
CFO & Secretary2.75yrsUS$1.03m0.061% $488.5k
Jonathon Sievert
President of Work Truck Solutions3.17yrsUS$715.29k0.062% $498.9k
Keith Hagelin
President of Commercial Snow & Ice2.92yrsUS$890.09k0.38% $3.0m
Linda Evans
Vice President of Human Resourcesno datano datano data
Shannan Vlieger
Director of Operational Excellenceno datano datano data
Jon Sisulak
Corporate Controller & Assistant Secretaryno datano data0.017% $138.0k
Jesse Pilachowski
Director of Organizational Developmentno datano datano data
Andrew Dejana
Consultant1.08yrsUS$683.45k0.047% $371.8k

2.0yrs

Average Tenure

58yo

Average Age

Experienced Management: PLOW's management team is considered experienced (2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
James Janik
Executive Chairman6.08yrsUS$710.54k0.64% $5.1m
Robert McCormick
President1.33yrsUS$1.99m0.58% $4.6m
James Packard
Independent Director9.83yrsUS$146.86k0.16% $1.2m
James Staley
Independent Lead Director6.08yrsUS$171.86k0.11% $908.5k
Kenneth Krueger
Independent Director8.83yrsUS$161.36k0.10% $818.9k
Margaret Dano
Independent Director7.92yrsUS$156.86k0.094% $748.6k
Donald Sturdivant
Independent Director9.58yrsUS$156.86k0.11% $883.0k

7.9yrs

Average Tenure

62yo

Average Age

Experienced Board: PLOW's board of directors are considered experienced (7.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: PLOW insiders have sold more shares than they have bought 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

Douglas Dynamics, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Douglas Dynamics, Inc.
  • Ticker: PLOW
  • Exchange: NYSE
  • Founded: 1948
  • Industry: Construction Machinery and Heavy Trucks
  • Sector: Capital Goods
  • Market Cap: US$799.325m
  • Shares outstanding: 22.86m
  • Website: https://www.douglasdynamics.com

Number of Employees


Location

  • Douglas Dynamics, Inc.
  • 7777 North 73rd Street
  • Milwaukee
  • Wisconsin
  • 53233
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PLOWNYSE (New York Stock Exchange)YesCommon StockUSUSDMay 2010
5D4DB (Deutsche Boerse AG)YesCommon StockDEEURMay 2010

Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/27 01:32
End of Day Share Price2020/05/26 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.