Daktronics
Market Cap
US$278.6m
Last Updated
2020/02/20 00:40 UTC
Data Sources
Company Financials +
Executive Summary
Daktronics, Inc. designs, manufactures, and sells electronic display systems and related products worldwide.
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with moderate growth potential.
Similar Companies
Share Price & News
How has Daktronics's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: DAKT has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-1.3%
DAKT
-2.3%
US Electronic
0.06%
US Market
1 Year Return
-25.1%
DAKT
7.7%
US Electronic
19.4%
US Market
Return vs Industry: DAKT underperformed the US Electronic industry which returned 7.7% over the past year.
Return vs Market: DAKT underperformed the US Market which returned 19.4% over the past year.
Shareholder returns
| DAKT | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.3% | -2.3% | 0.06% |
| 30 Day | 0.5% | -6.2% | 1.1% |
| 90 Day | -8.3% | 1.1% | 8.9% |
| 1 Year | -22.7%-25.1% | 8.8%7.7% | 21.9%19.4% |
| 3 Year | -30.2%-36.5% | 34.4%30.8% | 48.9%39.3% |
| 5 Year | -27.9%-39.7% | 66.6%58.5% | 71.9%53.1% |
Price Volatility Vs. Market
How volatile is Daktronics's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall St
A Look At The Intrinsic Value Of Daktronics, Inc. (NASDAQ:DAKT)1 month ago | Simply Wall St
Could Daktronics, Inc.'s (NASDAQ:DAKT) Investor Composition Influence The Stock Price?1 month ago | Simply Wall St
Read This Before Selling Daktronics, Inc. (NASDAQ:DAKT) SharesValuation
Is Daktronics undervalued compared to its fair value and its price relative to the market?
1677.54x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: DAKT ($6.25) is trading above our estimate of fair value ($4.9)
Significantly Below Fair Value: DAKT is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: DAKT is poor value based on its PE Ratio (1699.3x) compared to the Electronic industry average (19.6x).
PE vs Market: DAKT is poor value based on its PE Ratio (1699.3x) compared to the US market (18.3x).
Price to Earnings Growth Ratio
PEG Ratio: DAKT is poor value based on its PEG Ratio (36.1x)
Price to Book Ratio
PB vs Industry: DAKT is good value based on its PB Ratio (1.4x) compared to the US Electronic industry average (1.9x).
Next Steps
Future Growth
How is Daktronics forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
50.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: DAKT's forecast earnings growth (47% per year) is above the savings rate (1.7%).
Earnings vs Market: DAKT's earnings (47% per year) are forecast to grow faster than the US market (14.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: DAKT's revenue (3.1% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: DAKT's revenue (3.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: DAKT's Return on Equity is forecast to be low in 3 years time (6.1%).
Next Steps
Past Performance
How has Daktronics performed over the past 5 years?
-38.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DAKT has high quality earnings.
Growing Profit Margin: DAKT's current net profit margins (0.03%) are lower than last year (0.6%).
Past Earnings Growth Analysis
Earnings Trend: DAKT's earnings have declined by -38.8% per year over the past 5 years.
Accelerating Growth: DAKT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: DAKT had negative earnings growth (-95.1%) over the past year, making it difficult to compare to the Electronic industry average (14.6%).
Return on Equity
High ROE: DAKT's Return on Equity (0.08%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Daktronics's financial position?
Financial Position Analysis
Short Term Liabilities: DAKT's short term assets ($270.7M) exceed its short term liabilities ($144.1M).
Long Term Liabilities: DAKT's short term assets ($270.7M) exceed its long term liabilities ($36.3M).
Debt to Equity History and Analysis
Debt Level: DAKT is debt free.
Reducing Debt: DAKT has no debt compared to 5 years ago when its debt to equity ratio was 0.02%.
Debt Coverage: DAKT has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: DAKT has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: DAKT has a high level of physical assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if DAKT's debt is covered by short term assets.
Next Steps
Dividend
What is Daktronics's current dividend yield, its reliability and sustainability?
3.24%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: DAKT's dividend (3.2%) is higher than the bottom 25% of dividend payers in the US market (1.43%).
High Dividend: DAKT's dividend (3.2%) is low compared to the top 25% of dividend payers in the US market (3.7%).
Stability and Growth of Payments
Stable Dividend: DAKT's dividend payments have been volatile in the past 10 years.
Growing Dividend: DAKT's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (5981.5%), DAKT's dividend payments are not 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?
7.7yrs
Average management tenure
CEO
Reece Kurtenbach (54yo)
6.4yrs
Tenure
US$516,234
Compensation
Mr. Reece A. Kurtenbach has been the Chief Executive Officer and President of Daktronics Inc. since September 1, 2013. Mr. Kurtenbach served as an Executive Vice President at Daktronics Inc., from June 15, ...
CEO Compensation Analysis
Compensation vs Market: Reece's total compensation ($USD516.23K) is below average for companies of similar size in the US market ($USD1.11M).
Compensation vs Earnings: Reece's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 6.4yrs | US$516.23k | 0.95% $2.6m | |
| CFO & Treasurer | 7.4yrs | US$316.25k | 0.042% $115.9k | |
| VP of Human Resources & Corporate Secretary | 14.1yrs | US$254.13k | 1.59% $4.4m | |
| Executive Vice President of Commercial & Transportation | 7.7yrs | US$308.98k | 0.22% $618.8k | |
| Vice President of Manufacturing | 14.1yrs | US$296.02k | 0.59% $1.6m |
7.7yrs
Average Tenure
54yo
Average Age
Experienced Management: DAKT's management team is seasoned and experienced (7.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 6.4yrs | US$516.23k | 0.95% $2.6m | |
| Independent Director | 15.1yrs | US$110.99k | 0.11% $297.2k | |
| Independent Director | 18.1yrs | US$110.99k | 0.13% $351.6k | |
| Independent Director | 36.1yrs | US$112.99k | 2.9% $8.1m | |
| Lead Independent Director | 15.1yrs | US$115.99k | 0.18% $490.8k | |
| Independent Director | 4.4yrs | US$112.99k | 0.072% $199.4k | |
| Independent Director | 4.7yrs | US$112.99k | 0.082% $228.1k |
15.1yrs
Average Tenure
72yo
Average Age
Experienced Board: DAKT's board of directors are seasoned and experienced ( 15.1 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: DAKT insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Daktronics, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Daktronics, Inc.
- Ticker: DAKT
- Exchange: NasdaqGS
- Founded: 1968
- Industry: Electronic Equipment and Instruments
- Sector: Tech
- Market Cap: US$278.560m
- Shares outstanding: 45.15m
- Website: https://www.daktronics.com
Number of Employees
Location
- Daktronics, Inc.
- 201 Daktronics Drive
- Brookings
- South Dakota
- 57006
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| DAKT | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Feb 1994 |
| DA3 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Feb 1994 |
Biography
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.Â
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/20 00:40 |
| End of Day Share Price | 2020/02/19 00:00 |
| Earnings | 2019/11/02 |
| Annual Earnings | 2019/04/27 |
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.