Dover Motorsports
Market Cap
US$65.4m
Last Updated
2020/02/19 00:02 UTC
Data Sources
Company Financials
Executive Summary
Dover Motorsports, Inc. markets and promotes motorsports entertainment in the United States.
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet, good value and pays a dividend.
Similar Companies
Share Price & News
How has Dover Motorsports's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: DVD has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-0.6%
DVD
-1.2%
US Hospitality
0.06%
US Market
1 Year Return
-11.0%
DVD
6.0%
US Hospitality
19.4%
US Market
Return vs Industry: DVD underperformed the US Hospitality industry which returned 6% over the past year.
Return vs Market: DVD underperformed the US Market which returned 19.4% over the past year.
Shareholder returns
| DVD | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.6% | -1.2% | 0.06% |
| 30 Day | -4.5% | -5.0% | 1.1% |
| 90 Day | -6.3% | 7.0% | 8.9% |
| 1 Year | -6.2%-11.0% | 8.7%6.0% | 21.9%19.4% |
| 3 Year | -15.3%-25.8% | 35.7%26.8% | 48.9%39.3% |
| 5 Year | -15.5%-29.1% | 47.7%32.2% | 71.9%53.1% |
Price Volatility Vs. Market
How volatile is Dover Motorsports's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
How Should Investors Feel About Dover Motorsports, Inc.'s (NYSE:DVD) CEO Pay?3 weeks ago | Simply Wall St
Those Who Purchased Dover Motorsports (NYSE:DVD) Shares Five Years Ago Have A 30% Loss To Show For It1 month ago | Simply Wall St
Is Dover Motorsports, Inc. (NYSE:DVD) A Smart Pick For Income Investors?Valuation
Is Dover Motorsports undervalued compared to its fair value and its price relative to the market?
1.2%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: DVD ($1.78) is trading below our estimate of fair value ($1.8)
Significantly Below Fair Value: DVD is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: DVD is good value based on its PE Ratio (11.6x) compared to the Hospitality industry average (24x).
PE vs Market: DVD is good value based on its PE Ratio (11.6x) compared to the US market (18.3x).
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 (1x) compared to the US Hospitality industry average (2.2x).
Next Steps
Future Growth
How is Dover Motorsports forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
17.0%
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.
Next Steps
- Examine whether Dover Motorsports is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Dover Motorsports competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Consumer Services industry.
Past Performance
How has Dover Motorsports performed over the past 5 years?
18.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DVD has a large one-off gain of $2.1M impacting its December 31 2019 financial results.
Growing Profit Margin: DVD's current net profit margins (12%) are lower than last year (14.4%).
Past Earnings Growth Analysis
Earnings Trend: DVD's earnings have grown by 18.7% per year over the past 5 years.
Accelerating Growth: DVD's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: DVD had negative earnings growth (-18.9%) over the past year, making it difficult to compare to the Hospitality industry average (-9.8%).
Return on Equity
High ROE: DVD's Return on Equity (8.6%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Dover Motorsports's financial position?
Financial Position Analysis
Short Term Liabilities: DVD's short term assets ($9.7M) exceed its short term liabilities ($4.8M).
Long Term Liabilities: DVD's short term assets ($9.7M) do not cover its long term liabilities ($13.7M).
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 22.4%.
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
Inventory Level: DVD has a high level of physical assets or inventory.
Debt Coverage by Assets: DVD's debt is not covered by short term assets (assets are -129.5x debt).
Next Steps
Dividend
What is Dover Motorsports's current dividend yield, its reliability and sustainability?
5.62%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: DVD's dividend (5.62%) is higher than the bottom 25% of dividend payers in the US market (1.43%).
High Dividend: DVD's dividend (5.62%) is in the top 25% of dividend payers in the US market (3.7%)
Stability and Growth of Payments
Stable Dividend: DVD's dividend payments have been volatile in the past 10 years.
Growing Dividend: DVD's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (65.4%), DVD'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?
19.3yrs
Average management tenure
CEO
Denis McGlynn (73yo)
41.1yrs
Tenure
US$337,217
Compensation
Mr. Denis L. McGlynn has been Chief Executive Officer and President of Dover Motorsports, Inc. since 1979 and Chief Executive Officer and President of its subsidiary Dover Downs Gaming & Entertainment, Inc ...
CEO Compensation Analysis
Compensation vs Market: Denis's total compensation ($USD337.22K) is below average for companies of similar size in the US market ($USD519.76K).
Compensation vs Earnings: Denis's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 41.1yrs | US$337.22k | 3.04% $2.0m | |
| Senior VP of Finance | 6.1yrs | US$226.66k | 0.53% $345.4k | |
| Executive VP & COO | 0yrs | US$299.91k | 0.47% $307.0k | |
| Senior VP | 21.1yrs | US$288.25k | 0.55% $359.4k | |
| Treasurer & Assistant Secretary | 17.6yrs | US$218.20k | 0.39% $257.4k |
19.3yrs
Average Tenure
59yo
Average Age
Experienced Management: DVD's management team is seasoned and experienced (19.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 41.1yrs | US$337.22k | 3.04% $2.0m | |
| Senior VP of Finance | 6.1yrs | US$226.66k | 0.53% $345.4k | |
| Director | 24.1yrs | US$64.50k | 0.067% $43.6k | |
| Independent Director | 24.1yrs | US$51.50k | 7.67% $5.0m | |
| Chairman & Presiding Director | 0yrs | US$102.72k | 12.99% $8.5m | |
| Independent Director | 27.1yrs | US$45.50k | 3.35% $2.2m |
24.1yrs
Average Tenure
72yo
Average Age
Experienced Board: DVD's board of directors are seasoned and experienced ( 24.1 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 company bio, 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$65.427m
- Shares outstanding: 36.44m
- Website: https://www.dovermotorsports.com
Number of Employees
Location
- Dover Motorsports, Inc.
- 1131 North DuPont Highway
- Dover
- Delaware
- 19901
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| DVD | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Oct 1996 |
Biography
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.Â
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/19 00:02 |
| End of Day Share Price | 2020/02/18 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.