Dover Story

<div class='circular--portrait' style='background:#347AFC;color: #ffffff;font-size:3em;'>DOV</div>
DOV -- USA Stock  

USD 123.54  2.40  1.98%

Dover is scheduled to announce its earnings today. The next earnings report is expected on the 4th of February 2021. Dover PPandE Turnover is fairly stable at the moment as compared to the past year. Dover reported PPandE Turnover of 8.66 in 2019. Receivables Turnover is likely to climb to 6.69 in 2020, whereas Revenue Per Employee is likely to drop slightly above 264.7 K in 2020. As many passive investors are finally getting excited about industrials space, Dover could be a good starting point.
Published over a month ago
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Will Dover (NYSE:DOV) continue to grow in November?
This firm has 3.51 B in debt with debt to equity (D/E) ratio of 1.13, which is OK given its current industry classification. The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Dover has an asset utilization ratio of 78.55 percent. This indicates that the company is making $0.79 for each dollar of assets. An increasing asset utilization means that Dover is more efficient with each dollar of assets it utilizes for everyday operations.
Dover financial leverage ratio helps determine the effect of debt on the overall profitability of the company. It measures the total debt position of Dover, including all of Dover's outstanding debt obligations, and compares it with the equity. In simple terms, the high financial leverage means the cost of production, together with running the business day-to-day, is high, whereas, lower financial leverage implies lower fixed cost investment in the business and generally considered by investors to be a good sign. So if creditors own a majority of Dover assets, the company is considered highly leveraged. Understanding the composition and structure of overall Dover debt and outstanding corporate bonds gives a good idea of how risky the capital structure of a business is and if it is worth investing in it. Please read more on our technical analysis page.

Understanding Dover Total Liabilities

Dover liabilities are broken down into two parts on the balance sheet. These are short-term (or current) obligations and long-term debt. Dover has to fulfill its short-term liabilities in this reporting year and should be no more than 12 months old. Long-term debt, on the other hand, is anything beyond the 12-month payment timeframe. Common short-term liabilities found on Dover balance sheet include debt obligations and money owed to different Dover vendors, workers, and loan providers. Below is the chart of Dover short long-term liabilities accounts currently reported on its balance sheet.
You can use Dover financial leverage analysis tool to get a better grip on understanding its financial position

How important is Dover's Liquidity

Dover financial leverage refers to using borrowed capital as a funding source to finance Dover ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Dover financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Dover's total debt and its cash.

What do experts say?

Stock analysis is a method for investors and traders to make buying and selling decisions. By studying and evaluating past and current data, investors and traders attempt to gain an edge in the markets by making informed decisions. It is good to see analyst projects for Dover, but it might be worth checking our own buy vs. sell analysis

A Deeper Perspective

The company reported the last year's revenue of 6.76 B. Total Income to common stockholders was 675.17 M with profit before taxes, overhead, and interest of 2.63 B.

Asset Breakdown

B
Assets Non Current
5.4 B
Goodwill
2.5 B
Current Assets
Total Assets9.97 Billion
Current Assets2.5 Billion
Assets Non Current7.03 Billion
Goodwill5.39 Billion
Tax Assets54.01 Million

Will Dover fall impact its fundamentals?

Market Risk Adjusted Performance just dropped to -2.34, may cause upcoming price depreciation. Dover has relatively low volatility with skewness of -0.66 and kurtosis of 1.73. However, we advise all investors to independently investigate Dover to ensure all accessible information is consistent with the expectations about its upside potential and future expected returns.

Our Conclusion on Dover

While some other entities within the specialty industrial machinery industry are still a little expensive, even after the recent corrections, Dover may offer a potential longer-term growth to sophisticated investors. With a somewhat neutral outlook on your 30 days horizon, it may be better to hold off any trading activity and neither buy new shares of Dover nor short your existing holdings in the Stock. It seems the expected volatility has not yet been fully factored into the current price. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to Dover.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Achuva Shats do not own shares of Dover. Please refer to our Terms of Use for any information regarding our disclosure principles.

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