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Dover Motorsports

NYSE:DVD
Snowflake Description

Adequate balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DVD
NYSE
$72M
Market Cap
  1. Home
  2. US
  3. Consumer Services
Company description

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
-3%
NYSE:DVD
0.6%
US Hospitality
-0.3%
US Market
1 Year Returns
-1.5%
NYSE:DVD
-5.1%
US Hospitality
3.4%
US Market
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.
Price Volatility
DVD
Industry
5yr Volatility vs Market

Value

 Is Dover Motorsports undervalued based on future cash flows and its price relative to the stock market?

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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Dover Motorsports.

NYSE:DVD Discounted Cash Flow Data Sources
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.

Calculation of Discount Rate/ Cost of Equity for NYSE:DVD
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.

NYSE:DVD DCF 1st Stage: Next 10 year cash flow forecast
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
NYSE:DVD DCF 2nd Stage: Terminal Value
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
NYSE:DVD Total Equity Value
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
NYSE:DVD Discount to Share Price
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
Amount off the current price Dover Motorsports is available for.
Intrinsic value
20%
Share price is $1.97 vs Future cash flow value of $2.46
Current Discount Checks
For Dover Motorsports to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • 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?
Raw Data
NYSE:DVD PE (Price to Earnings) Ratio Data Sources
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.

NYSE:DVD PE (Price to Earnings) Ratio Calculation
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?
Raw Data
NYSE:DVD PEG (Price to Earnings to Growth) Ratio Data Sources
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?
Raw Data
NYSE:DVD PB (Price to Book) Ratio Data Sources
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
NYSE:DVD PB (Price to Book) Ratio Calculation
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.
X
Value checks
We assess Dover Motorsports's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Hospitality industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Hospitality industry average (and greater than 0)? (1 check)
  5. 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

 How is Dover Motorsports expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • 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!
Annual Growth Rate
14.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Dover Motorsports expected to grow at an attractive rate?
  • 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
Raw Data
NYSE:DVD Future Growth Rates Data Sources
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
Raw Data
NYSE:DVD Analysts Growth Expectations Data Sources
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 numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:DVD Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
NYSE:DVD Past Financials Data
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.

Super high growth metrics
High Growth Checks
  • Dover Motorsports's earnings are expected to grow by 14.5% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Dover Motorsports is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:DVD 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.

NYSE:DVD Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
NYSE:DVD Past Financials Data
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.
X
Future performance checks
We assess Dover Motorsports's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
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
Below we compare Dover Motorsports's growth in the last year to its industry (Hospitality).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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
Dover Motorsports's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Dover Motorsports Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:DVD Past Revenue, Cash Flow and Net Income Data
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).
X
Past performance checks
We assess Dover Motorsports's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Hospitality industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of Dover Motorsports's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • 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.
Raw Data

All data from Dover Motorsports Company Filings, last reported 3 months ago.

NYSE:DVD Past Debt and Equity Data
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.
X
Financial health checks
We assess Dover Motorsports's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Dover Motorsports has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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
Dividend payments
4.06%
Current annual income from Dover Motorsports dividends.
If you bought $2,000 of Dover Motorsports shares you are expected to receive $81 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • 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.
Raw Data
NYSE:DVD Annualized Past and Future Dividends
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.

NYSE:DVD Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
NYSE:DVD Past Annualized Dividends Data
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).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Dover Motorsports's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. 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)
  7. 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

 What is the CEO of Dover Motorsports's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Denis McGlynn
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:

18.8
Average Tenure
59
Average Age
  • 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

TITLE
President
COMPENSATION
$337K
AGE
73
TENURE
40.5 yrs

Tim Horne

TITLE
Senior VP of Finance
COMPENSATION
$227K
AGE
53
TENURE
11.3 yrs

Michael Tatoian

TITLE
Executive VP & COO
COMPENSATION
$300K
AGE
58

Klaus Belohoubek

TITLE
Senior VP
COMPENSATION
$288K
AGE
59
TENURE
20.5 yrs

Thomas Wintermantel

TITLE
Treasurer & Assistant Secretary
COMPENSATION
$218K
AGE
60
TENURE
17 yrs
Board of Directors Tenure

Average tenure and age of the Dover Motorsports board of directors in years:

23.5
Average Tenure
72
Average Age
  • 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

TITLE
Chairman & Presiding Director
COMPENSATION
$103K
AGE
92

Denis McGlynn

TITLE
President
COMPENSATION
$337K
AGE
73
TENURE
39.7 yrs

Tim Horne

TITLE
Senior VP of Finance
COMPENSATION
$227K
AGE
53
TENURE
5.5 yrs

Patrick Bagley

TITLE
Director
COMPENSATION
$65K
AGE
71
TENURE
23.5 yrs

R. Rollins

TITLE
Director
COMPENSATION
$52K
AGE
87
TENURE
23.5 yrs

Jeffrey Rollins

TITLE
Director
COMPENSATION
$46K
AGE
54
TENURE
26.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Dover Motorsports's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 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 -

The 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 -

Is 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 -

Could 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 -

A 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 -

How 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 -

Is 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 -

Interested 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 -

Is 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 -

Is 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 -

Company 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
Staff numbers
51
Dover Motorsports employees.
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.