NasdaqGS:DAKT

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Executive Summary

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

Rewards

Earnings are forecast to grow 91.27% per year

Became profitable this year

Risk Analysis

DAKT passed our risk checks.


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

-5.1%

DAKT

-3.1%

US Electronic

-0.7%

US Market


1 Year Return

-35.6%

DAKT

-2.6%

US Electronic

5.3%

US Market

Return vs Industry: DAKT underperformed the US Electronic industry which returned -1.9% over the past year.

Return vs Market: DAKT underperformed the US Market which returned 6.7% over the past year.


Shareholder returns

DAKTIndustryMarket
7 Day-5.1%-3.1%-0.7%
30 Day-10.5%0.4%4.6%
90 Day-12.8%14.9%14.0%
1 Year-34.1%-35.6%-1.5%-2.6%7.6%5.3%
3 Year-53.7%-57.6%12.7%9.6%34.9%26.1%
5 Year-55.4%-62.4%58.6%51.5%62.3%44.7%

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?

376.04x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: DAKT ($4.1) is trading above our estimate of fair value ($0.92)

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 (376x) compared to the US Electronic industry average (20.3x).

PE vs Market: DAKT is poor value based on its PE Ratio (376x) compared to the US market (16.2x).


Price to Earnings Growth Ratio

PEG Ratio: DAKT is poor value based on its PEG Ratio (4.1x)


Price to Book Ratio

PB vs Industry: DAKT is good value based on its PB Ratio (1x) 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?

91.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DAKT's forecast earnings growth (91.3% per year) is above the savings rate (2.2%).

Earnings vs Market: DAKT's earnings (91.3% per year) are forecast to grow faster than the US market (22.9% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: DAKT's revenue (2.4% per year) is forecast to grow slower than the US market (9.4% per year).

High Growth Revenue: DAKT's revenue (2.4% 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?

-45.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DAKT has high quality earnings.

Growing Profit Margin: DAKT became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: DAKT's earnings have declined by -45% per year over the past 5 years.

Accelerating Growth: DAKT has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: DAKT has become profitable in the last year, making it difficult to compare its past year earnings growth to the Electronic industry (-6.6%).


Return on Equity

High ROE: DAKT's Return on Equity (0.3%) is considered low.


Next Steps

Financial Health

How is Daktronics's financial position?


Financial Position Analysis

Short Term Liabilities: DAKT's short term assets ($252.0M) exceed its short term liabilities ($146.0M).

Long Term Liabilities: DAKT's short term assets ($252.0M) exceed its long term liabilities ($49.7M).


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?

8.1yrs

Average management tenure


CEO

Reece Kurtenbach (55yo)

6.83yrs

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 ($USD516.23K) is below average for companies of similar size in the US market ($USD1.35M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Reece Kurtenbach
Chairman6.83yrsUS$516.23k1.09% $2.0m
Sheila Anderson
CFO & Treasurer7.83yrsUS$316.25k0.047% $86.1k
Carla Gatzke
VP of Human Resources & Corporate Secretary14.5yrsUS$254.13k1.61% $2.9m
Bradley Wiemann
Executive Vice President of Commercial & Transportation8.08yrsUS$308.98k0.23% $411.2k
Matthew Kurtenbach
Vice President of Manufacturing14.5yrsUS$296.02k0.60% $1.1m

8.1yrs

Average Tenure

55yo

Average Age

Experienced Management: DAKT's management team is seasoned and experienced (8.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Reece Kurtenbach
Chairman6.83yrsUS$516.23k1.09% $2.0m
Byron Anderson
Independent Director15.5yrsUS$110.99k0.11% $197.5k
Robert Dutcher
Independent Director18.5yrsUS$110.99k0.13% $233.6k
James Morgan
Lead Independent Director0.083yrUS$112.99k2.94% $5.4m
Nancy Frame
Independent Director21.5yrsUS$115.99k0.18% $326.1k
John Friel
Independent Director4.83yrsUS$112.99k0.073% $132.5k
Kevin McDermott
Independent Director5.08yrsUS$112.99k0.083% $151.6k

5.8yrs

Average Tenure

73yo

Average Age

Experienced Board: DAKT's board of directors are considered experienced (5.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: DAKT insiders have bought more shares than they have sold 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$182.733m
  • Shares outstanding: 44.57m
  • 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, 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, including centerhung, landmark, ribbon board, and corporate office entrance displays, as well as video walls and hanging banners; 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 out-of-home advertising displays comprising billboards and street furniture displays; 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, 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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/13 23:57
End of Day Share Price2020/07/13 00:00
Earnings2020/05/02
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.