NasdaqGS:DAKT

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

Daktronics, Inc. designs, manufactures, markets, and sells electronic display systems and related products worldwide. More Details


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 is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: DAKT's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

-0.2%

DAKT

1.1%

US Electronic

2.6%

US Market


1 Year Return

-11.2%

DAKT

31.5%

US Electronic

26.0%

US Market

Return vs Industry: DAKT underperformed the US Electronic industry which returned 27.9% over the past year.

Return vs Market: DAKT underperformed the US Market which returned 23.8% over the past year.


Shareholder returns

DAKTIndustryMarket
7 Day-0.2%1.1%2.6%
30 Day10.4%7.2%5.1%
90 Day33.2%28.0%17.1%
1 Year-10.4%-11.2%34.7%31.5%28.9%26.0%
3 Year-39.0%-43.4%43.0%37.0%46.3%36.6%
5 Year-22.0%-32.7%168.9%151.6%126.9%101.6%

Long-Term 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

Valuation

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

1.25x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: DAKT ($5.23) is trading above our estimate of fair value ($0.7)

Significantly Below Fair Value: DAKT is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: DAKT is unprofitable, so we can't compare its PE Ratio to the US Electronic industry average.

PE vs Market: DAKT is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate DAKT's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: DAKT is good value based on its PB Ratio (1.2x) compared to the US Electronic industry average (2.8x).


Next Steps

Future Growth

How is Daktronics forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

123.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DAKT is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: DAKT is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: DAKT's is expected to become profitable in the next 3 years.

Revenue vs Market: DAKT's revenue (6.2% per year) is forecast to grow slower than the US market (10.6% per year).

High Growth Revenue: DAKT's revenue (6.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has Daktronics performed over the past 5 years?

-44.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DAKT is currently unprofitable.

Growing Profit Margin: DAKT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: DAKT is unprofitable, and losses have increased over the past 5 years at a rate of 44.6% per year.

Accelerating Growth: Unable to compare DAKT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: DAKT is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (-9.3%).


Return on Equity

High ROE: DAKT has a negative Return on Equity (-1.54%), as it is currently unprofitable.


Next Steps

Financial Health

How is Daktronics's financial position?


Financial Position Analysis

Short Term Liabilities: DAKT's short term assets ($259.4M) exceed its short term liabilities ($130.4M).

Long Term Liabilities: DAKT's short term assets ($259.4M) exceed its long term liabilities ($52.7M).


Debt to Equity History and Analysis

Debt Level: DAKT is debt free.

Reducing Debt: DAKT had no debt 5 years ago.

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


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate DAKT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate DAKT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if DAKT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if DAKT's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: DAKT is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of DAKT's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

8.6yrs

Average management tenure


CEO

Reece Kurtenbach (55 yo)

7.33yrs

Tenure

US$518,884

Compensation

Mr. Reece A. Kurtenbach has been the Chief Executive Officer and President of Daktronics Inc. since September 1, 2013. He has been the Chairman of Daktronics Inc. since September 3, 2014 and has been its D...


CEO Compensation Analysis

Compensation vs Market: Reece's total compensation ($USD518.88K) is below average for companies of similar size in the US market ($USD1.65M).

Compensation vs Earnings: Reece's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Reece Kurtenbach
Chairman7.33yrsUS$518.88k0.81%
$ 2.6m
Sheila Anderson
CFO & Treasurer8.33yrsUS$322.30k0.039%
$ 125.5k
Carla Gatzke
VP of Human Resources & Corporate Secretary15yrsUS$260.71k1.22%
$ 4.0m
Bradley Wiemann
Executive Vice President of Commercial & Transportation8.58yrsUS$313.45k0.17%
$ 561.9k
Matthew Kurtenbach
Vice President of Manufacturing15yrsUS$301.35k0.44%
$ 1.4m

8.6yrs

Average Tenure

55yo

Average Age

Experienced Management: DAKT's management team is seasoned and experienced (8.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Reece Kurtenbach
Chairman7.33yrsUS$518.88k0.81%
$ 2.6m
Byron Anderson
Independent Director16yrsUS$114.00k0.10%
$ 329.4k
Robert Dutcher
Independent Director19yrsUS$114.00k0.12%
$ 376.2k
James Morgan
Independent Director37yrsUS$116.00k2.15%
$ 7.0m
John Friel
Independent Director5.33yrsUS$116.00k0.075%
$ 245.4k
José-Marie Griffiths
Independent Director0.33yrno data0.023%
$ 74.2k
Kevin McDermott
Lead Independent Directorno dataUS$116.00k0.083%
$ 270.1k

11.2yrs

Average Tenure

68yo

Average Age

Experienced Board: DAKT's board of directors are seasoned and experienced ( 11.2 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 36.1%.


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$325.701m
  • Shares outstanding: 61.45m
  • Website: https://www.daktronics.com

Number of Employees


Location

  • Daktronics, Inc.
  • 201 Daktronics Drive
  • Brookings
  • South Dakota
  • 57006
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DAKTNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDFeb 1994
DA3DB (Deutsche Boerse AG)YesCommon StockDEEURFeb 1994

Biography

Daktronics, Inc. designs, manufactures, markets, and sells electronic display systems and related products worldwide. It operates in five segments: Commercial, Live Events, High School Park and Recreation,...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/25 23:30
End of Day Share Price2021/01/25 00:00
Earnings2020/10/31
Annual Earnings2020/05/02


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.