Dover Corp

LTS : 0ICP
USA·Industrials·Industrial Products·Ordinary Shares
$193.30
−5.69 (−2.58%)Oct 15 close
Market Cap
$26.07B
Enterprise Value
$27.97B
P/E (TTM)
24.42
P/B
3.53
Net Cash / (Debt)
−$1.90B
52-Week Range
$169 — $233
5-Year Range
$117 — $233
Avg Volume (3M)
152

Dover Corp makes specialized industrial equipment across five segments: vehicle service tools, factory automation and welding equipment, aerospace components, fuel dispensing systems, printing and marking equipment, liquid handling pumps, refrigeration systems, and can-making machinery. Customers are primarily industrial manufacturers, food and beverage producers, gas stations, and service businesses. Revenue comes from selling this equipment and related components, mostly in the U.S. but with significant global operations. The business has been built largely through acquisitions of niche industrial brands.

Employees24,000IPOJan 18, 2018SIC3569HQ3005 Highland Parkway, Downers Grove, IL, USA, 60515
to

Financials

Profitability

Metric
Current
Margins
Gross Margin
39.8%
Operating Margin
17.0%
EBITDA Margin
23.0%
Net Margin
13.5%
OCF Margin
16.5%
FCF Margin
13.8%
Returns on Capital
ROE
14.9%
ROA
8.4%
ROIC
10.9%
ROCE
13.8%
ROC (Greenblatt)
69.9%
3Y ROIIC
2.0%
Consistency
Years Profitable / 10Y
10

Valuation

Metric
Current
Earnings Multiples
P/E (TTM)
24.42
Forward P/E
18.83
P/E ex-NRI
20.89
Shiller P/E (CAPE)
23.92
Cash Flow Multiples
P/FCF
23.95
P/OCF
20.00
P/Owner Earnings
22.41
FCF Yield
4.26%
Enterprise Value Multiples
EV / EBIT
18.85
EV / Forward EBIT
17.08
EV / EBITDA
15.01
EV / Forward EBITDA
14.26
EV / Revenue
3.46
EV / Forward Revenue
3.26
Asset / Sales
P/S
3.30
P/B
3.53
P/Tangible Book
121.26
Growth-Adjusted
PEG
2.25

Capital Returns

Metric
Current
Dividends
Dividend Yield (TTM)
1.08%
Forward Dividend Yield
1.08%
3Y Dividend Growth
1.0%
Payout Ratio
0.22
5Y Yield on Cost
0.99%
Buybacks & Dilution
3Y Buyback Ratio
1.20%
5Y Share Change
−4.8%
Combined
Shareholder Yield
4.06%

Balance Sheet

Metric
Current
Leverage
Debt / Equity
0.48
Gross Debt / EBITDA
1.92
Cash / Debt
0.47
Equity / Assets
0.55
Coverage
Interest Coverage
12.51
Short-Term Liquidity
Current Ratio
1.79
Quick Ratio
1.28
Cash Ratio
0.67
Composite Scores
Piotroski F-Score
6
Altman Z-Score
5.53

5-Step DuPont Analysis

ROE %
15.24%
Net Margin %
13.52%
Operating Margin %
16.97%
Operating Income
$1.37B
÷
Revenue
$8.09B
×
Tax Burden
0.7962
Net Income
$1.09B
÷
Pretax Income
$1.37B
×
Interest Burden
1.0007
Pretax Income
$1.37B
÷
Operating Income
$1.37B
×
Asset Turnover
0.62
Revenue
$8.09B
÷
Average Total Assets
$12.97B
Begin Total Assets
$12.51B
End Total Assets
$13.42B
×
Equity Multiplier
1.81
Avg Total Assets
$12.97B
÷
Avg Stockholders Equity
$7.18B
Begin Equity
$6.95B
End Equity
$7.41B