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DVD

Dover MotorsportsNYSE:DVD Stock Report

Market Cap

US$131.1m

7D

0.3%

1Y

85.3%

Updated

30 Nov, 2021

Data

Company Financials
DVD fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends2/6

DVD Stock Overview

Dover Motorsports, Inc. markets and promotes motorsports entertainment in the United States.

Price History & Performance

Summary of all time highs, changes and price drops for Dover Motorsports
Historical stock prices
Current Share PriceUS$3.60
52 Week HighUS$3.61
52 Week LowUS$1.83
Beta0.74
1 Month Change59.29%
3 Month Change35.85%
1 Year Change85.31%
3 Year Change82.74%
5 Year Change60.00%
Change since IPO-67.64%

Recent News & Updates

Nov 02

Dover Motorsports: Change Is A Good Thing

DVD stock has been dead money for nearly a decade, as a seemingly obvious case for Dover as a takeover target hasn't played out. But a reopened track in Nashville, upheaval in the NASCAR schedule, and changes to Dover's ownership suggest there should be some urgency around a sale. A rally over the past year-plus adds a bit of risk, and lessens reward, but Dover stock still seems like it should have more upside ahead.

Shareholder Returns

DVDUS HospitalityUS Market
7D0.3%-6.7%-2.8%
1Y85.3%0.8%20.0%

Return vs Industry: DVD exceeded the US Hospitality industry which returned 0.8% over the past year.

Return vs Market: DVD exceeded the US Market which returned 20% over the past year.

Price Volatility

Is DVD's price volatile compared to industry and market?
DVD volatility
DVD Average Weekly Movement17.0%
Hospitality Industry Average Movement6.5%
Market Average Movement6.0%
10% most volatile stocks in US Market15.0%
10% least volatile stocks in US Market2.3%

Stable Share Price: DVD is more volatile than 90% of US stocks over the past 3 months, typically moving +/- 17% a week.

Volatility Over Time: DVD's weekly volatility has increased from 10% to 17% over the past year.

About the Company

FoundedEmployeesCEOWebsite
196956Denis McGlynnhttps://www.dovermotorsports.com

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.

Dover Motorsports Fundamentals Summary

How do Dover Motorsports's earnings and revenue compare to its market cap?
DVD fundamental statistics
Market CapUS$131.12m
Earnings (TTM)US$12.62m
Revenue (TTM)US$51.48m

10.4x

P/E Ratio

2.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
DVD income statement (TTM)
RevenueUS$51.48m
Cost of RevenueUS$32.84m
Gross ProfitUS$18.64m
ExpensesUS$6.02m
EarningsUS$12.62m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.35
Gross Margin36.21%
Net Profit Margin24.51%
Debt/Equity Ratio0%

How did DVD perform over the long term?

See historical performance and comparison

Dividends

2.2%

Current Dividend Yield

31%

Payout Ratio

Valuation

Is Dover Motorsports undervalued compared to its fair value and its price relative to the market?

10.39x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: DVD ($3.6) is trading above our estimate of fair value ($1.15)

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


Price To Earnings Ratio

PE vs Industry: DVD is good value based on its PE Ratio (10.4x) compared to the US Hospitality industry average (23.2x).

PE vs Market: DVD is good value based on its PE Ratio (10.4x) compared to the US market (16.8x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate DVD's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: DVD is good value based on its PB Ratio (1.6x) compared to the US Hospitality industry average (3.2x).


Future Growth

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

43.3%

Forecasted Consumer Services industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Dover Motorsports has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Dover Motorsports performed over the past 5 years?

20.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DVD has a high level of non-cash earnings.

Growing Profit Margin: DVD's current net profit margins (24.5%) are higher than last year (20.4%).


Past Earnings Growth Analysis

Earnings Trend: DVD's earnings have grown significantly by 20.8% per year over the past 5 years.

Accelerating Growth: DVD's earnings growth over the past year (4.5%) is below its 5-year average (20.8% per year).

Earnings vs Industry: DVD earnings growth over the past year (4.5%) underperformed the Hospitality industry 79.7%.


Return on Equity

High ROE: DVD's Return on Equity (15.5%) is considered low.


Financial Health

How is Dover Motorsports's financial position?


Financial Position Analysis

Short Term Liabilities: DVD's short term assets ($26.4M) exceed its short term liabilities ($5.4M).

Long Term Liabilities: DVD's short term assets ($26.4M) exceed its long term liabilities ($12.3M).


Debt to Equity History and Analysis

Debt Level: DVD is debt free.

Reducing Debt: DVD has no debt compared to 5 years ago when its debt to equity ratio was 15.2%.

Debt Coverage: DVD has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: DVD has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Dover Motorsports's current dividend yield, its reliability and sustainability?

2.22%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: DVD's dividend (2.22%) is higher than the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: DVD's dividend (2.22%) is low compared to the top 25% of dividend payers in the US market (3.63%).


Stability and Growth of Payments

Stable Dividend: DVD has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: DVD's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (31.3%), DVD's dividend payments are well 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?

13.6yrs

Average management tenure


CEO

Denis McGlynn (75 yo)

42.83yrs

Tenure

US$315,649

Compensation

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...


CEO Compensation Analysis

Compensation vs Market: Denis's total compensation ($USD315.65K) is below average for companies of similar size in the US market ($USD563.50K).

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


Leadership Team

Experienced Management: DVD's management team is seasoned and experienced (13.6 years average tenure).


Board Members

Experienced Board: DVD's board of directors are considered experienced (7.8 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

Dover Motorsports, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Dover Motorsports, Inc.
  • Ticker: DVD
  • Exchange: NYSE
  • Founded: 1969
  • Industry: Leisure Facilities
  • Sector: Consumer Services
  • Market Cap: US$131.125m
  • Shares outstanding: 36.42m
  • Website: https://www.dovermotorsports.com

Number of Employees


Location

  • Dover Motorsports, Inc.
  • 1131 North DuPont Highway
  • Dover
  • Delaware
  • 19901
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/30 23:57
End of Day Share Price2021/11/30 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.