NYSE:DVD

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

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


Snowflake Analysis

Flawless balance sheet and undervalued.

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 is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: DVD's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

7.0%

DVD

5.9%

US Hospitality

2.8%

US Market


1 Year Return

4.7%

DVD

-9.1%

US Hospitality

20.9%

US Market

Return vs Industry: DVD exceeded the US Hospitality industry which returned -9.1% over the past year.

Return vs Market: DVD underperformed the US Market which returned 20.9% over the past year.


Shareholder returns

DVDIndustryMarket
7 Day7.0%5.9%2.8%
30 Day30.3%26.8%11.1%
90 Day37.5%15.9%6.5%
1 Year8.9%4.7%-7.8%-9.1%23.6%20.9%
3 Year12.7%-1.0%-3.2%-9.5%47.3%37.6%
5 Year6.3%-12.4%37.6%23.9%94.3%72.9%

Long-Term 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

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: DVD ($1.98) is trading below our estimate of fair value ($25.02)

Significantly Below Fair Value: DVD is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: DVD is good value based on its PE Ratio (5.9x) compared to the US Hospitality industry average (38.5x).

PE vs Market: DVD is good value based on its PE Ratio (5.9x) compared to the US market (19.7x).


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 (2.7x).


Next Steps

Future Growth

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

69.0%

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

Past Performance

How has Dover Motorsports performed over the past 5 years?

10.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DVD has a large one-off gain of $2.6M impacting its September 30 2020 financial results.

Growing Profit Margin: DVD's current net profit margins (20.4%) are higher than last year (14.3%).


Past Earnings Growth Analysis

Earnings Trend: DVD has become profitable over the past 5 years, growing earnings by 10.1% per year.

Accelerating Growth: DVD's earnings growth over the past year (84.4%) exceeds its 5-year average (10.1% per year).

Earnings vs Industry: DVD earnings growth over the past year (84.4%) exceeded the Hospitality industry -53.8%.


Return on Equity

High ROE: DVD's Return on Equity (16.7%) is considered low.


Next Steps

Financial Health

How is Dover Motorsports's financial position?


Financial Position Analysis

Short Term Liabilities: DVD's short term assets ($23.6M) exceed its short term liabilities ($8.5M).

Long Term Liabilities: DVD's short term assets ($23.6M) exceed its long term liabilities ($11.0M).


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 21%.

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


Next Steps

Dividend

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

3.54%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: DVD's dividend (3.54%) is higher than the bottom 25% of dividend payers in the US market (1.47%).

High Dividend: DVD's dividend (3.54%) is low compared to the top 25% of dividend payers in the US market (4.08%).


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 8 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (29.7%), 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?

12.6yrs

Average management tenure


CEO

Denis McGlynn (74 yo)

41.83yrs

Tenure

US$322,992

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 ($USD322.99K) is below average for companies of similar size in the US market ($USD561.84K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Denis McGlynn
President41.83yrsUS$322.99k3.05%
$ 2.2m
Timothy Horne
Senior VP of Finance6.83yrsUS$228.31k0.53%
$ 380.9k
Michael Tatoian
Executive VP0.33yrUS$323.58k0.47%
$ 338.5k
Thomas Wintermantel
VP, Treasurer & Secretary0.50yrUS$218.20k0.39%
$ 283.9k

12.6yrs

Average Tenure

60yo

Average Age

Experienced Management: DVD's management team is seasoned and experienced (12.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Denis McGlynn
President41.83yrsUS$322.99k3.05%
$ 2.2m
Timothy Horne
Senior VP of Finance6.83yrsUS$228.31k0.53%
$ 380.9k
Michael Tatoian
Executive VP0.33yrUS$323.58k0.47%
$ 338.5k
Patrick Bagley
Director24.83yrsUS$61.50k0.067%
$ 48.1k
Henry Tippie
Independent Chairman & Presiding Directorno dataUS$91.00k13.02%
$ 9.4m
Jeffrey Rollins
Independent Director27.83yrsUS$45.50k3.35%
$ 2.4m
Richard Hastings
Director0.33yrno data0.011%
$ 7.9k

15.8yrs

Average Tenure

65.5yo

Average Age

Experienced Board: DVD's board of directors are seasoned and experienced ( 15.8 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 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$72.017m
  • Shares outstanding: 36.37m
  • Website: https://www.dovermotorsports.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DVDNYSE (New York Stock Exchange)YesCommon StockUSUSDOct 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...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/29 23:50
End of Day Share Price2020/11/27 00:00
Earnings2020/09/30
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.