Dover Motorsports
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Dover Motorsports, Inc. markets and promotes motorsports entertainment in the United States. The last earnings update was 73 days ago. More info.
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DVD Share Price and Events
7 Day Returns
1 Year Returns
DVD Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Dover Motorsports (DVD) | -3% | -1% | -3.4% | -1.5% | -8.4% | -31.6% |
| US Hospitality | 0.6% | 1.9% | -1.6% | -5.1% | 44% | 23.4% |
| US Market | -0.3% | 2.9% | 2.1% | 3.4% | 36.2% | 41.3% |
1 Year Return vs Industry and Market
- DVD outperformed the Hospitality industry which returned -5.1% over the past year.
- DVD underperformed the Market in United States of America which returned 3.4% over the past year.
Value
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
Dover Motorsports
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Dover Motorsports.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Extrapolated from most recent financials. | See below |
| Discount Rate (Cost of Equity) | See below | 8.4% |
| 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.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Hospitality Unlevered Beta | Simply Wall St/ S&P Global | 0.92 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.923 (1 + (1- 21%) (0%)) |
0.949 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.95 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.949 * 5.96%) |
8.38% |
Discounted Cash Flow Calculation for NYSE:DVD using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Dover Motorsports 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.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 8.38%) |
|
|---|---|---|---|
| 2020 | 5.05 | Est @ 3.15% | 4.66 |
| 2021 | 5.20 | Est @ 3.03% | 4.43 |
| 2022 | 5.36 | Est @ 2.94% | 4.21 |
| 2023 | 5.51 | Est @ 2.88% | 3.99 |
| 2024 | 5.67 | Est @ 2.83% | 3.79 |
| 2025 | 5.83 | Est @ 2.8% | 3.59 |
| 2026 | 5.99 | Est @ 2.78% | 3.41 |
| 2027 | 6.15 | Est @ 2.76% | 3.23 |
| 2028 | 6.32 | Est @ 2.75% | 3.06 |
| 2029 | 6.50 | Est @ 2.75% | 2.90 |
| Present value of next 10 years cash flows | $37.29 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2029
× (1 + g) ÷ (Discount Rate – g)
= $6.50 × (1 + 2.73%) ÷ (8.38% – 2.73%) |
$118.05 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $118.05 ÷ (1 + 8.38%)10 |
$52.77 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $37.29 + $52.77 |
$90.06 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $90.06 / 36.60 |
$2.46 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $2.46 |
| Current discount | Discount to share price of
$1.97
= -1 x ($1.97 - $2.46) / $2.46 |
19.9% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Dover Motorsports's share price is below the future cash flow value, but not at a moderate discount (< 20%).
- Dover Motorsports's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 Dover Motorsports's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Dover Motorsports's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in USD | $0.15 |
| NYSE:DVD Share Price ** | NYSE (2019-07-18) in USD | $1.97 |
| United States of America Hospitality Industry PE Ratio | Median Figure of 74 Publicly-Listed Hospitality Companies | 22.45x |
| United States of America Market PE Ratio | Median Figure of 3,083 Publicly-Listed Companies | 17.88x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Dover Motorsports.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:DVD Share Price ÷ EPS (both in USD) = 1.97 ÷ 0.15 |
13.46x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dover Motorsports is good value based on earnings compared to the US Hospitality industry average.
- Dover Motorsports is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Dover Motorsports's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 13.46x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts |
14.5%per year |
| United States of America Hospitality Industry PEG Ratio | Median Figure of 56 Publicly-Listed Hospitality Companies | 1.85x |
| United States of America Market PEG Ratio | Median Figure of 2,124 Publicly-Listed Companies | 1.57x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for Dover Motorsports, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Dover Motorsports's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $1.65 |
| NYSE:DVD Share Price * | NYSE (2019-07-18) in USD | $1.97 |
| United States of America Hospitality Industry PB Ratio | Median Figure of 112 Publicly-Listed Hospitality Companies | 2.17x |
| United States of America Market PB Ratio | Median Figure of 5,245 Publicly-Listed Companies | 1.8x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:DVD Share Price ÷ Book Value per Share (both in USD) = 1.97 ÷ 1.65 |
1.2x |
* Primary Listing of Dover Motorsports.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dover Motorsports is good value based on assets compared to the US Hospitality industry average.
Value checks
We assess Dover Motorsports's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Hospitality industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Hospitality industry average (and greater than 0)? (1 check) Dover Motorsports has a total score of 3/6, 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.
Future Performance
- No analysts cover Dover Motorsports, future earnings growth has been estimated based on fundamentals.
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!
Earnings growth vs Low Risk Savings
- Dover Motorsports's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Dover Motorsports's earnings growth is expected to exceed the United States of America market average.
- Unable to compare Dover Motorsports's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:DVD Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts | 14.5% |
| United States of America Hospitality Industry Earnings Growth Rate | Market Cap Weighted Average | 16.6% |
| United States of America Hospitality Industry Revenue Growth Rate | Market Cap Weighted Average | 7.5% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14.1% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.4% |
*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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 47 | 7 | 5 |
| 2018-12-31 | 47 | 7 | 7 |
| 2018-09-30 | 45 | 5 | 10 |
| 2018-06-30 | 47 | 16 | 11 |
| 2018-03-31 | 47 | 7 | 10 |
| 2017-12-31 | 47 | 6 | 8 |
| 2017-09-30 | 49 | 7 | 4 |
| 2017-06-30 | 46 | -5 | 4 |
| 2017-03-31 | 46 | 6 | 4 |
| 2016-12-31 | 46 | 7 | 4 |
| 2016-09-30 | 47 | 7 | 4 |
| 2016-06-30 | 47 | 5 | 5 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
All data from Dover Motorsports Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | 0.15 |
| 2018-12-31 | 0.19 |
| 2018-09-30 | 0.28 |
| 2018-06-30 | 0.30 |
| 2018-03-31 | 0.27 |
| 2017-12-31 | 0.23 |
| 2017-09-30 | 0.11 |
| 2017-06-30 | 0.11 |
| 2017-03-31 | 0.10 |
| 2016-12-31 | 0.10 |
| 2016-09-30 | 0.12 |
| 2016-06-30 | 0.14 |
*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.
- Unable to establish if Dover Motorsports will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess Dover Motorsports's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Dover Motorsports has a total score of 2/6, 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.
Past Performance
How has Dover Motorsports 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
Past Earnings growth analysis
- Dover Motorsports has delivered over 20% year on year earnings growth in the past 5 years.
- Dover Motorsports's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Dover Motorsports's 1-year earnings growth is negative, it can't be compared to the US Hospitality industry average.
Earnings and Revenue History
All data from Dover Motorsports Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 46.92 | 5.28 | 8.32 | |
| 2018-12-31 | 47.02 | 6.78 | 8.43 | |
| 2018-09-30 | 44.57 | 10.29 | 8.86 | |
| 2018-06-30 | 47.08 | 10.97 | 8.43 | |
| 2018-03-31 | 46.86 | 9.71 | 8.57 | |
| 2017-12-31 | 46.74 | 8.29 | 8.51 | |
| 2017-09-30 | 48.55 | 3.96 | 8.67 | |
| 2017-06-30 | 46.18 | 3.81 | 7.99 | |
| 2017-03-31 | 45.84 | 3.68 | 8.66 | |
| 2016-12-31 | 45.87 | 3.74 | 8.60 | |
| 2016-09-30 | 46.78 | 4.28 | 8.85 | |
| 2016-06-30 | 46.54 | 5.04 | 9.43 | |
| 2016-03-31 | 46.67 | 5.46 | 8.79 | |
| 2015-12-31 | 46.54 | 5.20 | 8.78 | |
| 2015-09-30 | 25.68 | -0.68 | 9.12 | |
| 2015-06-30 | 46.61 | 3.26 | 8.45 | |
| 2015-03-31 | 45.50 | 2.61 | 8.42 | |
| 2014-12-31 | 45.67 | 3.10 | 8.34 | |
| 2014-09-30 | 45.65 | 0.56 | 8.29 | |
| 2014-06-30 | 46.06 | 2.09 | 8.30 | |
| 2014-03-31 | 46.25 | 2.15 | 8.36 | |
| 2013-12-31 | 46.18 | 1.99 | 8.41 | |
| 2013-09-30 | 46.18 | 4.36 | 7.59 | |
| 2013-06-30 | 47.48 | 4.73 | 8.67 | |
| 2013-03-31 | 46.74 | 4.85 | 8.59 | |
| 2012-12-31 | 46.75 | 4.50 | 8.65 | |
| 2012-09-30 | 69.06 | 11.88 | 8.96 |
*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.
- Dover Motorsports has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Dover Motorsports used its assets more efficiently than the US Hospitality industry average last year based on Return on Assets.
- Dover Motorsports's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Dover Motorsports's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Hospitality industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Dover Motorsports has a total score of 2/6, 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.
Health
How is Dover Motorsports'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 Dover Motorsports's finances.
The net worth of a company is the difference between its assets and liabilities.
- Dover Motorsports's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
- Dover Motorsports's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Dover Motorsports has no debt, it does not need to be covered by short term assets.
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.
All data from Dover Motorsports Company Filings, last reported 3 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 60.33 | 0.00 | 2.55 |
| 2018-12-31 | 62.89 | 0.00 | 3.95 |
| 2018-09-30 | 61.81 | 0.60 | 0.19 |
| 2018-06-30 | 64.56 | 0.00 | 5.26 |
| 2018-03-31 | 58.07 | 0.50 | 0.35 |
| 2017-12-31 | 59.22 | 3.24 | 0.00 |
| 2017-09-30 | 54.70 | 5.88 | 0.15 |
| 2017-06-30 | 56.80 | 11.20 | 0.00 |
| 2017-03-31 | 51.50 | 6.36 | 0.00 |
| 2016-12-31 | 53.81 | 3.84 | 0.00 |
| 2016-09-30 | 52.69 | 8.06 | 0.22 |
| 2016-06-30 | 54.77 | 1.50 | 0.00 |
| 2016-03-31 | 49.71 | 7.58 | 0.15 |
| 2015-12-31 | 51.99 | 5.90 | 0.00 |
| 2015-09-30 | 49.81 | 10.58 | 0.19 |
| 2015-06-30 | 51.15 | 2.80 | 0.48 |
| 2015-03-31 | 45.59 | 11.78 | 0.11 |
| 2014-12-31 | 48.10 | 10.76 | 0.02 |
| 2014-09-30 | 53.84 | 14.72 | 0.09 |
| 2014-06-30 | 51.18 | 16.92 | 0.05 |
| 2014-03-31 | 46.26 | 15.54 | 0.30 |
| 2013-12-31 | 48.38 | 14.82 | 0.00 |
| 2013-09-30 | 54.35 | 18.08 | 0.04 |
| 2013-06-30 | 50.69 | 23.18 | 0.02 |
| 2013-03-31 | 45.88 | 21.20 | 0.04 |
| 2012-12-31 | 48.09 | 19.70 | 0.02 |
| 2012-09-30 | 52.16 | 24.62 | 0.78 |
- Dover Motorsports has no debt.
- Dover Motorsports has no debt compared to 5 years ago when it was 33.6%.
- Dover Motorsports has no debt, it does not need to be covered by operating cash flow.
- Dover Motorsports has no debt, therefore coverage of interest payments is not a concern.
Financial health checks
We assess Dover Motorsports's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Dover Motorsports has a total score of 4/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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.
Dividends
What is Dover Motorsports'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
If you bought
$2,000 of
Dover Motorsports
shares you are expected to receive
$81
in your first year as a dividend.
Dividend Amount
- Dover Motorsports's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
- Dover Motorsports's dividend is above the markets top 25% of dividend payers in United States of America (3.76%).
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.
| 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 0 Analyst Estimates (S&P Global) | See Below |
| United States of America Hospitality Industry Average Dividend Yield | Market Cap Weighted Average of 47 Stocks | 2.7% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2017 Stocks | 2.4% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.8% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2018-10-24 | 0.080 | 3.955 |
| 2017-10-25 | 0.080 | 3.883 |
| 2016-10-26 | 0.050 | 2.315 |
| 2015-10-28 | 0.050 | 2.223 |
| 2014-10-29 | 0.050 | 2.114 |
| 2013-10-23 | 0.050 | 2.042 |
| 2012-10-25 | 0.040 | 2.019 |
| 2011-05-06 | 0.000 | 0.000 |
| 2011-04-28 | 0.000 | 0.000 |
| 2011-03-15 | 0.000 | 0.000 |
| 2011-01-27 | 0.000 | 0.000 |
| 2010-11-05 | 0.000 | 0.000 |
| 2010-10-28 | 0.000 | 0.000 |
| 2010-08-06 | 0.000 | 0.000 |
| 2010-07-29 | 0.000 | 0.000 |
| 2010-05-07 | 0.000 | 0.000 |
| 2010-04-29 | 0.000 | 0.000 |
| 2010-03-05 | 0.000 | 0.000 |
| 2010-01-28 | 0.000 | 0.000 |
| 2009-07-30 | 0.000 | 0.000 |
| 2009-04-29 | 0.040 | 2.642 |
| 2009-01-28 | 0.040 | 2.236 |
| 2008-10-29 | 0.060 | 4.271 |
| 2008-07-23 | 0.060 | 1.372 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
Dover Motorsports's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are covered by earnings (1.8x coverage).
- Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
Income/ dividend checks
We assess Dover Motorsports's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Dover Motorsports afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Dover Motorsports has a total score of 4/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | $337,217 |
| AGE | 73 |
| TENURE AS CEO | 40.5 years |
CEO Bio
Mr. Denis L. McGlynn has been Chief Executive Officer and President of Dover Motorsports, Inc. since 1979 and Chief Executive Officer and President of its subsidiary Dover Downs Gaming & Entertainment, Inc. since October 1996. Mr. McGlynn served as the President and Chief Executive Officer at Dover Downs, Inc. He served as the President and Chief Executive Officer of Dover Downs, Inc. He served as the Chairman of Dover Downs Gaming & Entertainment Inc. since April 2007. He serves as an Executive Director of Dover Motorsports, Inc. since November 1979 and Director of Dover Downs Gaming & Entertainment, Inc. since 2002. He has been an Independent Director at Campus Crest Communities, Inc. since October 2010. He received his BBA from Pace College and was an officer in the United States Air Force.
CEO Compensation
- Denis's compensation has been consistent with company performance over the past year, both up more than 20%.
- Denis's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Dover Motorsports management team in years:
- The average tenure for the Dover Motorsports management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Denis McGlynn
President
$337K
73
40.5 yrs
Tim Horne
Senior VP of Finance
$227K
53
11.3 yrs
Michael Tatoian
Executive VP & COO
$300K
58
Klaus Belohoubek
Senior VP
$288K
59
20.5 yrs
Thomas Wintermantel
Treasurer & Assistant Secretary
$218K
60
17 yrs
Board of Directors Tenure
Average tenure and age of the Dover Motorsports board of directors in years:
- The average tenure for the Dover Motorsports board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors
Henry Tippie
Chairman & Presiding Director
$103K
92
Denis McGlynn
President
$337K
73
39.7 yrs
Tim Horne
Senior VP of Finance
$227K
53
5.5 yrs
Patrick Bagley
Director
$65K
71
23.5 yrs
R. Rollins
Director
$52K
87
23.5 yrs
Jeffrey Rollins
Director
$46K
54
26.5 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Dover Motorsports's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Dover Motorsports 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.
News
Simply Wall St News
Should We Be Cautious About Dover Motorsports, Inc.'s (NYSE:DVD) ROE Of 8.9%?
With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Dover Motorsports: 8.9% = US$5.3m ÷ US$60m (Based on the trailing twelve months to March 2019.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Does Dover Motorsports Have A Good Return On Equity?
Simply Wall St - – Full articleThe Dover Motorsports (NYSE:DVD) Share Price Is Down 33% So Some Shareholders Are Getting Worried
While the share price declined over five years, Dover Motorsports actually managed to increase EPS by an average of 20% per year. … Because of the sharp contrast between the EPS growth rate and the share price growth, we're inclined to look to other metrics to understand the changing market sentiment around the stock. … As it happens, Dover Motorsports's TSR for the last 5 years was -22%, which exceeds the share price return mentioned earlier.
Simply Wall St - – Full articleIs Dover Motorsports, Inc.'s (NYSE:DVD) P/E Ratio Really That Good?
We'll look at Dover Motorsports, Inc.'s (NYSE:DVD) P/E ratio and reflect on what it tells us about the company's share price. … Dover Motorsports has a price to earnings ratio of 14.21, based on the last twelve months. … The formula for P/E is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Dover Motorsports: P/E of 14.21 = $2.08 ÷ $0.15 (Based on the trailing twelve months to March 2019.) Is A High Price-to-Earnings Ratio Good?
Simply Wall St - – Full articleCould The Dover Motorsports, Inc. (NYSE:DVD) Ownership Structure Tell Us Something Useful?
See our latest analysis for Dover Motorsports NYSE:DVD Ownership Summary, May 21st 2019 What Does The Institutional Ownership Tell Us About Dover Motorsports? … We can see that Dover Motorsports does have institutional investors; and they hold 25% of the stock. … Insider Ownership Of Dover Motorsports While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders.
Simply Wall St - – Full articleA Look At The Fair Value Of Dover Motorsports, Inc. (NYSE:DVD)
by projecting its future cash flows and then discounting them to today's value. … This is done using the Discounted Cash Flow (DCF) model! … If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in the Simply Wall St analysis model
Simply Wall St - – Full articleHow Does Dover Motorsports, Inc. (NYSE:DVD) Stand Up To These Simple Dividend Safety Checks?
(NYSE:DVD) a good dividend stock? … Yet sometimes, investors buy a stock for its dividend and lose money because the share price falls by more than they earned in dividend payments. … NYSE:DVD Historical Dividend Yield, April 22nd 2019
Simply Wall St - – Full articleIs Dover Motorsports, Inc.'s (NYSE:DVD) CEO Overpaid Relative To Its Peers?
First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Denis McGlynn's Compensation Compare With Similar Sized Companies. … is worth US$76m, and total annual CEO compensation is US$314k.
Simply Wall St - – Full articleInterested In Dover Motorsports, Inc. (NYSE:DVD)? Here's How It Performed Recently
(NYSE:DVD) released its most recent earnings update (31 December 2018), I compared it against two factor: its historical earnings track record, and the performance of its industry peers on average. … DVD's trailing twelve-month earnings (from 31 December 2018) of US$6.8m has. … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 34%, indicating the rate at which DVD is growing has slowed down
Simply Wall St - – Full articleIs Dover Motorsports, Inc. (NYSE:DVD) A Financially Sound Company?
However, it also faces higher cost of capital given interest cost is generally lower than equity. … Does DVD's growth rate justify its decision for financial flexibility over lower cost of capital. … There are well-known benefits of including debt in capital structure, primarily a lower cost of capital
Simply Wall St - – Full articleIs Dover Motorsports, Inc.'s (NYSE:DVD) ROE Of 11% Concerning?
Our data shows Dover Motorsports has a return on equity of 11% for the last year. … One way to conceptualize this, is that for each $1 of shareholders' equity it has, the company made $0.11 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleCompany Info
Description
Dover Motorsports, Inc. markets and promotes motorsports entertainment in the United States. It owns and operates Dover International Speedway in Dover, Delaware; and Nashville Superspeedway near Nashville, Tennessee. The company was formerly known as Dover Downs Entertainment, Inc. Dover Motorsports, Inc. was founded in 1969 and is based in Dover, Delaware.
Details
| Name: | Dover Motorsports, Inc. |
| DVD | |
| Exchange: | NYSE |
| Founded: | 1969 |
| $72,103,721 | |
| 36,600,874 | |
| Website: | http://www.dovermotorsports.com |
| Address: |
Dover Motorsports, Inc. 1131 North DuPont Highway, Dover, Delaware, 19901, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | DVD | Common Stock | New York Stock Exchange | US | USD | 04. Oct 1996 |
Number of employees
Current staff
Industry
| Leisure Facilities | |
| Consumer Services |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/07/18 23:37 |
| End of day share price update: | 2019/07/18 00:00 |
| Last estimates confirmation: | 2018/01/25 |
| Last earnings filing: | 2019/05/06 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
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.
