Daktronics
Daktronics, Inc. designs, manufactures, and sells electronic display systems and related products worldwide. The last earnings update was 45 days ago. More info.
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DAKT Share Price and Events
7 Day Returns
1 Year Returns
DAKT Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Daktronics (DAKT) | -2.4% | 1% | -16.7% | -25.7% | -4.9% | -45.9% |
| US Electronic | -2.3% | -1.6% | -6.3% | 0.8% | 52.8% | 54% |
| US Market | -1.2% | 0.7% | 1.7% | 3.4% | 35.5% | 41.6% |
1 Year Return vs Industry and Market
- DAKT underperformed the Electronic industry which returned 0.8% over the past year.
- DAKT underperformed the Market in United States of America which returned 3.4% over the past year.
DAKT Value
Is Daktronics undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Daktronics
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Daktronics.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 1 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 9.2% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Electronic Unlevered Beta | Simply Wall St/ S&P Global | 1.13 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.133 (1 + (1- 21%) (0%)) |
1.089 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.09 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.089 * 5.96%) |
9.22% |
Discounted Cash Flow Calculation for NasdaqGS:DAKT using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Daktronics is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 9.22%) |
|
|---|---|---|---|
| 2020 | 16.03 | Analyst x1 | 14.68 |
| 2021 | 15.14 | Analyst x1 | 12.69 |
| 2022 | 15.18 | Est @ 0.24% | 11.65 |
| 2023 | 15.33 | Est @ 0.99% | 10.77 |
| 2024 | 15.56 | Est @ 1.51% | 10.01 |
| 2025 | 15.85 | Est @ 1.88% | 9.34 |
| 2026 | 16.19 | Est @ 2.13% | 8.73 |
| 2027 | 16.56 | Est @ 2.31% | 8.18 |
| 2028 | 16.97 | Est @ 2.44% | 7.67 |
| 2029 | 17.40 | Est @ 2.53% | 7.20 |
| Present value of next 10 years cash flows | $100.92 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2029
× (1 + g) ÷ (Discount Rate – g)
= $17.40 × (1 + 2.73%) ÷ (9.22% – 2.73%) |
$275.33 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $275.33 ÷ (1 + 9.22%)10 |
$113.97 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $100.92 + $113.97 |
$214.89 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $214.89 / 45.14 |
$4.76 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $4.76 |
| Current discount | Discount to share price of
$6.22
= -1 x ($6.22 - $4.76) / $4.76 |
-30.7% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Daktronics is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Daktronics's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Daktronics's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-04-27) in USD | $-0.02 |
| NasdaqGS:DAKT Share Price ** | NasdaqGS (2019-07-19) in USD | $6.22 |
| United States of America Electronic Industry PE Ratio | Median Figure of 90 Publicly-Listed Electronic Companies | 17.68x |
| United States of America Market PE Ratio | Median Figure of 3,081 Publicly-Listed Companies | 17.87x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Daktronics.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqGS:DAKT Share Price ÷ EPS (both in USD) = 6.22 ÷ -0.02 |
-291.7x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Daktronics is loss making, we can't compare its value to the US Electronic industry average.
- Daktronics is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does
Daktronics's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | -291.7x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts |
88.5%per year |
| United States of America Electronic Industry PEG Ratio | Median Figure of 58 Publicly-Listed Electronic Companies | 1.2x |
| United States of America Market PEG Ratio | Median Figure of 2,119 Publicly-Listed Companies | 1.57x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for Daktronics, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Daktronics's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-04-27) in USD | $4.17 |
| NasdaqGS:DAKT Share Price * | NasdaqGS (2019-07-19) in USD | $6.22 |
| United States of America Electronic Industry PB Ratio | Median Figure of 138 Publicly-Listed Electronic Companies | 2.17x |
| United States of America Market PB Ratio | Median Figure of 5,247 Publicly-Listed Companies | 1.79x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqGS:DAKT Share Price ÷ Book Value per Share (both in USD) = 6.22 ÷ 4.17 |
1.49x |
* Primary Listing of Daktronics.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Daktronics is good value based on assets compared to the US Electronic industry average.
Value checks
We assess Daktronics's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check) Daktronics has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
DAKT Future Performance
How is Daktronics expected to perform in the next 1 to 3 years based on estimates from 1 analyst?
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Daktronics's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Daktronics's earnings growth is expected to exceed the United States of America market average.
- Daktronics's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NasdaqGS:DAKT Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts | 88.5% |
| NasdaqGS:DAKT Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts | 4.3% |
| United States of America Electronic Industry Earnings Growth Rate | Market Cap Weighted Average | 14.6% |
| United States of America Electronic Industry Revenue Growth Rate | Market Cap Weighted Average | 5.9% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.4% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 1 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-04-30 | 621 | 35 | 15 | 1 |
| 2020-04-30 | 596 | 36 | 11 | 1 |
| 2019-04-30 | 587 | 38 | 10 | 1 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-04-27 | 570 | 30 | -1 |
| 2019-01-26 | 580 | 36 | 6 |
| 2018-10-27 | 595 | 44 | 3 |
| 2018-07-28 | 592 | 25 | 2 |
| 2018-04-28 | 611 | 30 | 6 |
| 2018-01-27 | 616 | 21 | 10 |
| 2017-10-28 | 601 | 34 | 11 |
| 2017-07-29 | 602 | 28 | 13 |
| 2017-04-29 | 587 | 39 | 10 |
| 2017-01-28 | 581 | 56 | 7 |
| 2016-10-29 | 589 | 38 | 10 |
| 2016-07-30 | 577 | 30 | 4 |
| 2016-04-30 | 570 | 13 | 2 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 1 Analyst Estimates (S&P Global) | See Below |
All data from Daktronics Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-04-30 | 0.34 | 0.34 | 0.34 | 1.00 |
| 2020-04-30 | 0.25 | 0.25 | 0.25 | 1.00 |
| 2019-04-30 | 0.21 | 0.21 | 0.21 | 1.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-04-27 | -0.02 |
| 2019-01-26 | 0.14 |
| 2018-10-27 | 0.07 |
| 2018-07-28 | 0.04 |
| 2018-04-28 | 0.13 |
| 2018-01-27 | 0.23 |
| 2017-10-28 | 0.26 |
| 2017-07-29 | 0.30 |
| 2017-04-29 | 0.23 |
| 2017-01-28 | 0.15 |
| 2016-10-29 | 0.22 |
| 2016-07-30 | 0.09 |
| 2016-04-30 | 0.05 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Daktronics's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Daktronics has a total score of 3/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
DAKT Past Performance
How has Daktronics performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Daktronics does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
- Unable to compare Daktronics's 1-year earnings growth to the 5-year average as it is not currently profitable.
- Unable to compare Daktronics's 1-year growth to the US Electronic industry average as it is not currently profitable.
Earnings and Revenue History
All data from Daktronics Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-04-27 | 569.70 | -0.96 | 99.47 | 35.56 |
| 2019-01-26 | 580.13 | 6.05 | 99.71 | 35.85 |
| 2018-10-27 | 595.37 | 3.18 | 99.20 | 35.87 |
| 2018-07-28 | 591.99 | 1.71 | 98.72 | 35.78 |
| 2018-04-28 | 610.53 | 5.56 | 97.68 | 35.53 |
| 2018-01-27 | 616.04 | 10.28 | 95.75 | 34.23 |
| 2017-10-28 | 601.44 | 11.34 | 95.42 | 32.91 |
| 2017-07-29 | 602.12 | 13.23 | 95.52 | 31.09 |
| 2017-04-29 | 586.54 | 10.34 | 95.91 | 29.08 |
| 2017-01-28 | 581.32 | 6.50 | 96.18 | 28.23 |
| 2016-10-29 | 589.42 | 9.68 | 94.60 | 27.14 |
| 2016-07-30 | 577.09 | 3.82 | 93.22 | 26.99 |
| 2016-04-30 | 570.17 | 2.06 | 91.61 | 26.91 |
| 2016-01-30 | 589.79 | 8.83 | 89.01 | 25.71 |
| 2015-10-31 | 584.10 | 11.34 | 88.15 | 25.64 |
| 2015-08-01 | 599.55 | 15.91 | 87.69 | 24.82 |
| 2015-05-02 | 615.94 | 20.88 | 88.64 | 24.65 |
| 2015-01-31 | 594.10 | 18.87 | 87.13 | 24.82 |
| 2014-11-01 | 591.34 | 21.18 | 86.18 | 24.65 |
| 2014-08-02 | 579.87 | 25.23 | 83.80 | 24.19 |
| 2014-04-26 | 551.97 | 22.21 | 81.78 | 23.38 |
| 2014-01-25 | 540.21 | 22.22 | 81.24 | 22.98 |
| 2013-10-26 | 535.89 | 22.06 | 81.74 | 22.95 |
| 2013-07-27 | 524.13 | 21.82 | 81.27 | 23.10 |
| 2013-04-27 | 518.32 | 22.78 | 80.02 | 23.13 |
| 2013-01-26 | 505.83 | 20.43 | 80.45 | 23.93 |
| 2012-10-27 | 517.71 | 19.39 | 80.39 | 24.02 |
| 2012-07-28 | 503.75 | 11.80 | 80.64 | 23.81 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- It is difficult to establish if Daktronics has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
- It is difficult to establish if Daktronics has efficiently used its assets last year compared to the US Electronic industry average (Return on Assets) as it is loss-making.
- It is difficult to establish if Daktronics improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
Past performance checks
We assess Daktronics's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Daktronics has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
DAKT Health
How is Daktronics's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Daktronics's finances.
The net worth of a company is the difference between its assets and liabilities.
- Daktronics is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Daktronics's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Daktronics has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Daktronics Company Filings, last reported 2 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-04-27 | 187.66 | 0.00 | 61.73 |
| 2019-01-26 | 201.15 | 0.00 | 70.88 |
| 2018-10-27 | 204.74 | 0.00 | 67.28 |
| 2018-07-28 | 199.45 | 0.00 | 43.27 |
| 2018-04-28 | 197.62 | 0.00 | 64.25 |
| 2018-01-27 | 204.42 | 0.00 | 72.98 |
| 2017-10-28 | 211.04 | 0.00 | 61.49 |
| 2017-07-29 | 206.40 | 0.00 | 51.89 |
| 2017-04-29 | 198.29 | 0.00 | 65.34 |
| 2017-01-28 | 199.71 | 0.00 | 76.41 |
| 2016-10-29 | 206.25 | 0.00 | 51.95 |
| 2016-07-30 | 200.15 | 0.00 | 49.98 |
| 2016-04-30 | 201.07 | 0.00 | 53.00 |
| 2016-01-30 | 205.97 | 0.00 | 56.15 |
| 2015-10-31 | 211.35 | 0.00 | 52.40 |
| 2015-08-01 | 212.22 | 0.00 | 60.60 |
| 2015-05-02 | 212.04 | 0.00 | 82.63 |
| 2015-01-31 | 210.87 | 0.03 | 67.41 |
| 2014-11-01 | 214.01 | 0.05 | 82.88 |
| 2014-08-02 | 209.18 | 0.00 | 85.54 |
| 2014-04-26 | 203.12 | 0.00 | 70.45 |
| 2014-01-25 | 203.98 | 0.00 | 81.20 |
| 2013-10-26 | 201.45 | 0.00 | 77.60 |
| 2013-07-27 | 190.66 | 0.26 | 46.76 |
| 2013-04-27 | 188.25 | 0.00 | 64.68 |
| 2013-01-26 | 185.67 | 0.00 | 50.04 |
| 2012-10-27 | 206.99 | 0.48 | 79.06 |
| 2012-07-28 | 193.95 | 1.29 | 63.89 |
- Daktronics has no debt.
- Daktronics had no debt 5 years ago.
- Daktronics has no debt, it does not need to be covered by operating cash flow.
- Daktronics has no debt, therefore coverage of interest payments is not a concern.
Financial health checks
We assess Daktronics's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Daktronics has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
DAKT Dividends
What is Daktronics's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Daktronics
shares you are expected to receive
$64
in your first year as a dividend.
Dividend Amount
- Daktronics's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
- Daktronics's dividend is below the markets top 25% of dividend payers in United States of America (3.78%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 1 Analyst Estimates (S&P Global) | See Below |
| United States of America Electronic Industry Average Dividend Yield | Market Cap Weighted Average of 36 Stocks | 1.6% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2017 Stocks | 2.4% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.8% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-04-30 | ||
| 2020-04-30 | ||
| 2019-04-30 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-05-31 | 0.200 | 3.214 |
| 2019-03-01 | 0.280 | 3.754 |
| 2018-11-30 | 0.280 | 3.574 |
| 2018-09-07 | 0.280 | 3.628 |
| 2018-06-01 | 0.280 | 3.355 |
| 2018-03-02 | 0.280 | 3.067 |
| 2017-06-02 | 0.280 | 2.902 |
| 2016-06-17 | 0.240 | 2.726 |
| 2016-02-29 | 0.400 | 5.227 |
| 2015-12-09 | 0.400 | 5.014 |
| 2015-09-03 | 0.400 | 4.374 |
| 2015-06-02 | 0.400 | 3.631 |
| 2015-03-06 | 0.400 | 3.715 |
| 2014-05-23 | 0.400 | 3.278 |
| 2014-02-28 | 0.360 | 2.609 |
| 2013-11-27 | 0.360 | 2.446 |
| 2013-08-26 | 0.860 | 7.331 |
| 2013-05-29 | 0.740 | 6.900 |
| 2013-03-01 | 0.730 | 7.103 |
| 2013-02-19 | 0.730 | 7.062 |
| 2012-11-29 | 0.730 | 6.575 |
| 2012-05-30 | 0.630 | 7.679 |
| 2012-03-02 | 0.620 | 7.627 |
| 2012-02-21 | 0.620 | 6.761 |
| 2011-12-02 | 0.620 | 6.022 |
| 2011-06-02 | 0.110 | 1.139 |
| 2010-06-04 | 0.100 | 0.940 |
| 2009-06-02 | 0.095 | 1.164 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
- Dividends per share have increased over the past 10 years.
Income/ dividend checks
We assess Daktronics's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Daktronics afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Daktronics has a total score of 2/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
DAKT Management
CEO
| COMPENSATION | $526,752 |
| AGE | 54 |
| TENURE AS CEO | 5.8 years |
CEO Bio
Mr. Reece A. Kurtenbach has been the Chief Executive Officer and President of Daktronics Inc. since September 1, 2013. Mr. Kurtenbach served as an Executive Vice President at Daktronics Inc., from June 15, 2012 to September 1, 2013. He served as a Vice President of Live Events & International Business Units at Daktronics Inc. since 2007 until June 15, 2012. He served as a Vice President of Video Systems at Daktronics Inc. from December 3, 2004 to 2007 and Manager for Video Products Engineering from 1994 until 2004. Mr. Kurtenbach joined Daktronics in 1991 as an Applications Engineer focusing on large display projects. Mr. Kurtenbach also worked as a student employee with various responsibilities from 1983 to 1987. He oversaw the product development and market development for Daktronics video systems business, which includes the ProStar(R), ProAd(R), the new ProTour(TM) display product line and the V-Net(TM) controller. He also serves as a domestic regional advisor. He has been the Chairman of Daktronics Inc. since September 3, 2014 and has been its Director since September 1, 2013. Mr. Kurtenbach holds a Bachelor of Science degree from South Dakota State University in Electrical Engineering, with minors in Mathematics and Computer Science.
CEO Compensation
- Reece's compensation has increased whilst company is loss making.
- Reece's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Daktronics management team in years:
- The average tenure for the Daktronics management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Reece Kurtenbach
Chairman
$527K
54
5.8 yrs
Sheila Anderson
CFO & Treasurer
$320K
46
6.8 yrs
Carla Gatzke
VP of Human Resources & Corporate Secretary
$259K
58
13.5 yrs
Bradley Wiemann
Executive Vice President of Commercial & Transportation
$315K
56
7.1 yrs
Matthew Kurtenbach
Vice President of Manufacturing
$302K
49
13.5 yrs
Board of Directors Tenure
Average tenure and age of the Daktronics board of directors in years:
- The average tenure for the Daktronics board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors
Nancy Frame
Lead Independent Director
$111K
74
14.5 yrs
Reece Kurtenbach
Chairman
$527K
54
4.8 yrs
Robert Dutcher
Independent Director
$107K
74
17.5 yrs
Kevin McDermott
Independent Director
$109K
65
4.1 yrs
James Morgan
Director
$109K
72
35.5 yrs
Byron Anderson
Independent Director
$107K
75
14.5 yrs
John Friel
Independent Director
$109K
65
3.8 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Daktronics's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Daktronics has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
DAKT News
Simply Wall St News
What You Must Know About Daktronics, Inc.'s (NASDAQ:DAKT) Beta Value
Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Before we go on, it's worth noting that Warren Buffett pointed out in his 2014 letter to shareholders that 'volatility is far from synonymous with risk.' Having said that, beta can still be rather useful. … What this means for you: Since Daktronics tends to moves up when the market is going up, and down when it's going down, potential investors may wish to reflect on the overall market, when considering the stock.
Simply Wall St - – Full articleWhat Is Daktronics, Inc.'s (NASDAQ:DAKT) Share Price Doing?
If you like the stock, you may want to keep an eye out for a potential price decline in the future. … Given that Daktronics’s share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us another chance to buy in the future. … Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations.
Simply Wall St - – Full articleKnow This Before Buying Daktronics, Inc. (NASDAQ:DAKT) For Its Dividend
In this case, Daktronics likely looks attractive to dividend investors, given its 3.2% dividend yield and nine-year payment history. … Looking at the last decade of data, we can see that Daktronics paid its first dividend at least nine years ago. … Dividend Growth Potential Given that the dividend has been cut in the past, we need to check if earnings are growing and if that might lead to stronger dividends in the future.
Simply Wall St - – Full articleIs Daktronics, Inc.'s (NASDAQ:DAKT) ROE Of 3.0% Concerning?
The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Daktronics: 3.0% = US$6.1m ÷ US$201m (Based on the trailing twelve months to January 2019.) Most know that net profit is the total earnings after all expenses, but the concept of shareholders' equity is a little more complicated. … Does Daktronics Have A Good Return On Equity? … Combining Daktronics's Debt And Its 3.0% Return On Equity One positive for shareholders is that Daktronics does not have any net debt!
Simply Wall St - – Full articleHave Insiders Been Selling Daktronics, Inc. (NASDAQ:DAKT) Shares?
So we'll take a look at whether insiders have been buying or selling shares in Daktronics, Inc. … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.' View our latest analysis for Daktronics Daktronics Insider Transactions Over The Last Year Over the last year, we can see that the biggest insider sale was by the VP of Human Resources & Corporate Secretary, Carla Gatzke, for US$60k worth of shares, at about US$10.00 per share. … Insider Ownership For a common shareholder, it is worth checking how many shares are held by company insiders.
Simply Wall St - – Full articleWhy Daktronics, Inc.'s (NASDAQ:DAKT) High P/E Ratio Isn't Necessarily A Bad Thing
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … How Do I Calculate A Price To Earnings Ratio … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleCalculating The Fair Value Of Daktronics, Inc. (NASDAQ:DAKT)
I will be using the Discounted Cash Flow (DCF) model! … If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in the Simply Wall St analysis model? … We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company's cash flows
Simply Wall St - – Full articleDo Insiders Own Lots Of Shares In Daktronics, Inc. (NASDAQ:DAKT)?
A look at the shareholders of Daktronics, Inc. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … Taking a look at our data on the ownership groups (below), it's seems that.
Simply Wall St - – Full articleWhat Does Daktronics, Inc.'s (NASDAQ:DAKT) Share Price Indicate?
received a lot of attention from a substantial price movement on the NASDAQGS over the last few months, increasing to $8.39 at one point, and dropping to the lows of $7.25. … Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price? … A question to answer is whether Daktronics's current trading price of $7.45 reflective of the actual value of the?
Simply Wall St - – Full articleDoes Daktronics, Inc.'s (NASDAQ:DAKT) CEO Salary Compare Well With Others?
This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Reece Kurtenbach's Compensation Compare With Similar Sized Companies. … We examined companies with market caps from US$200m to US$800m, and discovered that the median CEO total compensation of that group was US$1.6m.
Simply Wall St - – Full articleDAKT Company Info
Description
Daktronics, Inc. designs, manufactures, and sells electronic display systems and related products worldwide. It operates in five segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International. The company offers video display systems, such as displays to show various levels of video, graphics, and animation; indoor and outdoor LED video displays; mobile and modular display systems; architectural lighting and display products; indoor and outdoor scoreboards for various sports, digit displays, scoring and timing controllers, statistics software, and other related products; and timing systems for sports events primarily aquatics and track competitions, as well as swimming touchpads, race start systems, and relay take-off platforms. It also provides control components for video displays in live event applications; message displays; ITS dynamic message signs, including LED displays for road management, mass transit, and aviation applications; digit and directional displays for use in parking facilities; and sound systems for outdoor sports venues. In addition, the company offers digital billboards for the out-of-home advertising industry; digital street furniture that engages people with advertising content at eye level as they walk through campuses, cityscapes, and outlet malls; DataTime product line that consists of outdoor time and temperature displays; and Fuelight digit displays designed for the petroleum industry. Further, it provides ADFLOW DMS systems that include indoor networked solutions for retailers, convenience stores, and other businesses; and Venus Control Suite, Show Control, Vanguard, and others, which offer control solutions to enable customers manage content on their displays, as well as maintenance and professional services related to its products. The company sells its products through direct sales and resellers. Daktronics, Inc. was founded in 1968 and is headquartered in Brookings, South Dakota.
Details
| Name: | Daktronics, Inc. |
| DAKT | |
| Exchange: | NasdaqGS |
| Founded: | 1968 |
| $280,757,514 | |
| 45,137,864 | |
| Website: | http://www.daktronics.com |
| Address: |
Daktronics, Inc. 201 Daktronics Drive, Brookings, South Dakota, 57006, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NasdaqGS | DAKT | Common Stock | Nasdaq Global Select | US | USD | 10. Feb 1994 | |
| DB | DA3 | Common Stock | Deutsche Boerse AG | DE | EUR | 10. Feb 1994 |
Number of employees
Current staff
Industry
| Electronic Equipment and Instruments | |
| Tech |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/07/22 01:45 |
| End of day share price update: | 2019/07/19 00:00 |
| Last estimates confirmation: | 2019/05/29 |
| Last earnings filing: | 2019/06/07 |
| Last earnings reported: | 2019/04/27 |
| Last annual earnings reported: | 2019/04/27 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
