NYSE:DVD

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Flawless balance sheet average dividend payer.


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


Market Performance


7 Day Return

-1.8%

DVD

0.5%

US Hospitality

0.07%

US Market


1 Year Return

-11.0%

DVD

8.5%

US Hospitality

8.9%

US Market

Return vs Industry: DVD underperformed the US Hospitality industry which returned 8.5% over the past year.

Return vs Market: DVD underperformed the US Market which returned 8.9% over the past year.


Shareholder returns

DVDIndustryMarket
7 Day-1.8%0.5%0.07%
30 Day-3.8%-2.6%-0.3%
90 Day-2.3%-5.9%-1.6%
1 Year-7.6%-11.0%11.2%8.5%11.3%8.9%
3 Year-12.6%-21.0%43.6%34.1%46.3%36.8%
5 Year-6.4%-19.0%39.5%24.2%62.1%44.3%

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?

15.84x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: DVD ($1.9) is trading above our estimate of fair value ($1.06)

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 (15.8x) compared to the Hospitality industry average (22x).

PE vs Market: DVD is good value based on its PE Ratio (15.8x) compared to the US market (17.8x).


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 (1.1x) compared to the US Hospitality industry average (2.3x).


Next Steps

Future Growth

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

15.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DVD's forecast earnings growth (15.6% per year) is above the savings rate (2.7%).

Earnings vs Market: DVD's earnings (15.6% per year) are forecast to grow faster than the US market (14.5% per year).

High Growth Earnings: DVD's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if DVD's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if DVD's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if DVD's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Dover Motorsports performed over the past 5 years?

26.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: DVD's earnings have grown significantly by 26.5% 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 (-60.7%) over the past year, making it difficult to compare to the Hospitality industry average (-14.8%).


Return on Equity

High ROE: DVD's Return on Equity (6.6%) is considered low.


Return on Assets

ROA vs Industry: DVD's Return on Assets is below or equal to the Hospitality industry average last year.


Return on Capital Employed

ROCE Improving: DVD's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Dover Motorsports's financial position?


Financial Position Analysis

Short Term Liabilities: DVD's short term assets ($13.6M) exceeds its short term liabilities ($6.9M)

Long Term Liabilities: DVD's short term assets (13.6M) exceeds its long term liabilities (12.0M)


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 33%.

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 covered by short term assets (assets are 489775466675794654.798070x debt).


Next Steps

Dividend

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

4.22%

Current Dividend Yield


Dividend Yield vs Market

company4.2%marketbottom25%1.4%markettop25%3.7%industryaverage2.9%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: DVD's dividend (4.22%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: DVD's dividend (4.22%) is in the top 25% of dividend payers in the US market (3.68%)

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 (66.9%), 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

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

19.0yrs

Average management tenure


CEO

Denis McGlynn (73yo)

40.8yrs

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 ($USD337.22K) is about average for companies of similar size in the US market ($USD509.30K).

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


Management Age and Tenure

19.0yrs

Average Tenure

59yo

Average Age

Experienced Management: DVD's management team is seasoned and experienced (19 years average tenure).


Board Age and Tenure

23.8yrs

Average Tenure

72yo

Average Age

Experienced Board: DVD's board of directors are seasoned and experienced ( 23.8 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Klaus Belohoubek (59yo)

    Senior VP

    • Tenure: 20.8yrs
    • Compensation: US$288.25k
  • Denis McGlynn (73yo)

    President

    • Tenure: 40.8yrs
    • Compensation: US$337.22k
  • Tim Horne (53yo)

    Senior VP of Finance

    • Tenure: 5.8yrs
    • Compensation: US$226.66k
  • Michael Tatoian (58yo)

    Executive VP & COO

    • Tenure: 0yrs
    • Compensation: US$299.91k
  • Thomas Wintermantel (60yo)

    Treasurer & Assistant Secretary

    • Tenure: 17.3yrs
    • Compensation: US$218.20k

Board Members

  • Patrick Bagley (71yo)

    Director

    • Tenure: 23.8yrs
    • Compensation: US$64.50k
  • R. Rollins (87yo)

    Director

    • Tenure: 23.8yrs
    • Compensation: US$51.50k
  • Henry Tippie (92yo)

    Chairman & Presiding Director

    • Tenure: 0yrs
    • Compensation: US$102.72k
  • Denis McGlynn (73yo)

    President

    • Tenure: 40.8yrs
    • Compensation: US$337.22k
  • Tim Horne (53yo)

    Senior VP of Finance

    • Tenure: 5.8yrs
    • Compensation: US$226.66k
  • Jeffrey Rollins (54yo)

    Director

    • Tenure: 26.8yrs
    • Compensation: US$45.50k

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$69.356m
  • Shares outstanding: 36.60m
  • 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 Analysis2019/10/22 23:35
End of Day Share Price2019/10/22 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.