Dover Motorsports, Inc. markets and promotes motorsports entertainment in the United States.
Excellent balance sheet and fair value.
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's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: DVD exceeded the US Hospitality industry which returned -28.5% over the past year.
Return vs Market: DVD underperformed the US Market which returned 5% over the past year.
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
4 days ago | Simply Wall StHas Dover Motorsports, Inc.'s (NYSE:DVD) Impressive Stock Performance Got Anything to Do With Its Fundamentals?
1 month ago | Simply Wall StDid You Manage To Avoid Dover Motorsports' (NYSE:DVD) 34% Share Price Drop?
1 month ago | Simply Wall StWhy Dover Motorsports, Inc.'s (NYSE:DVD) CEO Pay Matters To You
Is Dover Motorsports undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: DVD ($1.52) is trading above our estimate of fair value ($1.12)
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 (11.5x) compared to the Hospitality industry average (21.2x).
PE vs Market: DVD is good value based on its PE Ratio (11.5x) compared to the US market (16.5x).
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 (0.9x) compared to the US Hospitality industry average (1.7x).
How is Dover Motorsports forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
- 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.
How has Dover Motorsports performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DVD has high quality earnings.
Growing Profit Margin: DVD's current net profit margins (10.3%) are lower than last year (11.2%).
Past Earnings Growth Analysis
Earnings Trend: DVD's earnings have grown by 15.5% 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 (-9.6%) over the past year, making it difficult to compare to the Hospitality industry average (-30.8%).
Return on Equity
High ROE: DVD's Return on Equity (8%) is considered low.
How is Dover Motorsports's financial position?
Financial Position Analysis
Short Term Liabilities: DVD's short term assets ($7.4M) exceed its short term liabilities ($5.7M).
Long Term Liabilities: DVD's short term assets ($7.4M) do not cover its long term liabilities ($12.7M).
Debt to Equity History and Analysis
Debt Level: DVD is debt free.
Reducing Debt: DVD has no debt compared to 5 years ago when its debt to equity ratio was 25.3%.
Debt Coverage: DVD has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: DVD has no debt, therefore coverage of interest payments is not a concern.
What is Dover Motorsports's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: DVD's dividend (6.58%) is higher than the bottom 25% of dividend payers in the US market (1.67%).
High Dividend: DVD's dividend (6.58%) is in the top 25% of dividend payers in the US market (4.5%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, DVD has been paying a dividend for less than 10 years.
Growing Dividend: DVD's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (75.4%), DVD's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Denis McGlynn (74yo)
Mr. Denis L. McGlynn has been Chief Executive Officer and President of Dover Motorsports, Inc. since 1979 and Chief Executive Officer and President of its subsidiary Dover Downs Gaming & Entertainment, Inc ...
CEO Compensation Analysis
Compensation vs Market: Denis's total compensation ($USD322.99K) is below average for companies of similar size in the US market ($USD606.53K).
Compensation vs Earnings: Denis's compensation has been consistent with company performance over the past year.
|Senior VP of Finance||6.5yrs||US$228.31k||0.53% $292.5k|
|Executive VP & COO||no data||US$323.58k||0.47% $259.9k|
|VP, Treasurer & Secretary||0.17yr||US$218.20k||0.39% $218.0k|
Experienced Management: DVD's management team is seasoned and experienced (12.3 years average tenure).
|Senior VP of Finance||6.5yrs||US$228.31k||0.53% $292.5k|
|Independent Director||24.5yrs||US$50.00k||7.67% $4.2m|
|Independent Chairman & Presiding Director||no data||US$91.00k||13% $7.2m|
|Independent Director||27.5yrs||US$45.50k||3.35% $1.9m|
Experienced Board: DVD's board of directors are seasoned and experienced ( 24.5 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Dover Motorsports, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Dover Motorsports, Inc.
- Ticker: DVD
- Exchange: NYSE
- Founded: 1969
- Industry: Leisure Facilities
- Sector: Consumer Services
- Market Cap: US$55.363m
- Shares outstanding: 36.41m
- Website: https://www.dovermotorsports.com
Number of Employees
- Dover Motorsports, Inc.
- 1131 North DuPont Highway
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|DVD||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Oct 1996|
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.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/07 00:02|
|End of Day Share Price||2020/07/06 00:00|
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.