Dover Free Cash Flow per Share vs Interest Coverage Analysis

DOV Stock  USD 177.22  2.44  1.40%   
Dover financial indicator trend analysis is much more than just examining Dover latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Dover is a good investment. Please check the relationship between Dover Free Cash Flow Per Share and its Interest Coverage accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dover. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.
For more information on how to buy Dover Stock please use our How to Invest in Dover guide.

Free Cash Flow Per Share vs Interest Coverage

Free Cash Flow per Share vs Interest Coverage Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Dover Free Cash Flow per Share account and Interest Coverage. At this time, the significance of the direction appears to have very week relationship.
The correlation between Dover's Free Cash Flow per Share and Interest Coverage is 0.24. Overlapping area represents the amount of variation of Free Cash Flow per Share that can explain the historical movement of Interest Coverage in the same time period over historical financial statements of Dover, assuming nothing else is changed. The correlation between historical values of Dover's Free Cash Flow per Share and Interest Coverage is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow per Share of Dover are associated (or correlated) with its Interest Coverage. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Coverage has no effect on the direction of Free Cash Flow per Share i.e., Dover's Free Cash Flow per Share and Interest Coverage go up and down completely randomly.

Correlation Coefficient

0.24
Relationship DirectionPositive 
Relationship StrengthVery Weak

Free Cash Flow Per Share

The amount of cash a company generates after accounting for capital expenditures, divided by the number of outstanding shares. It represents the cash available for dividends, share buybacks, or debt repayment per share.

Interest Coverage

Most indicators from Dover's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Dover current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dover. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.
For more information on how to buy Dover Stock please use our How to Invest in Dover guide.Enterprise Value Multiple is likely to climb to 15.15 in 2024, whereas Selling General Administrative is likely to drop slightly above 1.6 B in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit3.0B3.1B3.1B2.1B
Total Revenue7.9B8.5B8.4B5.8B

Dover fundamental ratios Correlations

0.760.930.840.910.950.610.70.410.990.360.410.97-0.80.920.860.64-0.530.950.950.410.880.770.350.460.46
0.760.740.820.550.670.960.940.010.770.50.020.81-0.920.740.720.58-0.850.820.670.460.760.770.570.670.88
0.930.740.870.80.840.640.740.250.920.470.250.92-0.810.850.910.6-0.640.910.890.330.740.840.510.560.5
0.840.820.870.630.70.780.750.030.840.340.020.89-0.80.750.910.54-0.720.890.780.660.690.860.550.560.54
0.910.550.80.630.950.360.570.630.870.360.630.83-0.550.70.750.53-0.250.720.930.350.830.470.370.420.33
0.950.670.840.70.950.490.640.550.940.410.550.9-0.680.830.750.53-0.380.830.930.340.880.610.310.380.45
0.610.960.640.780.360.490.9-0.270.650.46-0.260.7-0.890.640.670.45-0.920.740.490.430.630.770.590.690.87
0.70.940.740.750.570.640.90.00.690.570.010.76-0.890.620.760.59-0.890.710.670.310.630.720.760.780.93
0.410.010.250.030.630.55-0.270.00.340.071.00.310.00.260.10.40.330.190.570.060.36-0.09-0.18-0.15-0.07
0.990.770.920.840.870.940.650.690.340.370.340.96-0.820.940.850.59-0.550.960.910.40.890.780.320.460.47
0.360.50.470.340.360.410.460.570.070.370.080.32-0.460.270.29-0.04-0.440.320.310.160.380.250.390.590.62
0.410.020.250.020.630.55-0.260.011.00.340.080.310.00.260.090.40.330.180.570.060.36-0.09-0.17-0.14-0.06
0.970.810.920.890.830.90.70.760.310.960.320.31-0.860.910.90.68-0.640.960.940.430.820.850.420.490.54
-0.8-0.92-0.81-0.8-0.55-0.68-0.89-0.890.0-0.82-0.460.0-0.86-0.86-0.78-0.670.9-0.89-0.71-0.24-0.67-0.88-0.47-0.62-0.79
0.920.740.850.750.70.830.640.620.260.940.270.260.91-0.860.730.64-0.580.970.80.220.790.830.130.320.44
0.860.720.910.910.750.750.670.760.10.850.290.090.9-0.780.730.58-0.680.850.850.450.660.80.670.570.5
0.640.580.60.540.530.530.450.590.40.59-0.040.40.68-0.670.640.58-0.530.640.710.080.440.630.290.340.44
-0.53-0.85-0.64-0.72-0.25-0.38-0.92-0.890.33-0.55-0.440.33-0.640.9-0.58-0.68-0.53-0.68-0.45-0.2-0.38-0.82-0.64-0.7-0.83
0.950.820.910.890.720.830.740.710.190.960.320.180.96-0.890.970.850.64-0.680.840.40.80.90.30.430.51
0.950.670.890.780.930.930.490.670.570.910.310.570.94-0.710.80.850.71-0.450.840.410.780.670.410.440.43
0.410.460.330.660.350.340.430.310.060.40.160.060.43-0.240.220.450.08-0.20.40.410.50.240.290.290.23
0.880.760.740.690.830.880.630.630.360.890.380.360.82-0.670.790.660.44-0.380.80.780.50.540.280.390.51
0.770.770.840.860.470.610.770.72-0.090.780.25-0.090.85-0.880.830.80.63-0.820.90.670.240.540.40.460.54
0.350.570.510.550.370.310.590.76-0.180.320.39-0.170.42-0.470.130.670.29-0.640.30.410.290.280.40.710.66
0.460.670.560.560.420.380.690.78-0.150.460.59-0.140.49-0.620.320.570.34-0.70.430.440.290.390.460.710.66
0.460.880.50.540.330.450.870.93-0.070.470.62-0.060.54-0.790.440.50.44-0.830.510.430.230.510.540.660.66
Click cells to compare fundamentals

Dover Account Relationship Matchups

Dover fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets8.7B9.2B10.4B10.9B11.3B6.5B
Short Long Term Debt Total3.1B3.1B3.1B3.7B3.7B3.9B
Other Current Liab637.9M651.2M843.5M712.4M812.9M513.2M
Total Current Liabilities1.7B1.7B2.3B2.8B2.5B1.4B
Total Stockholder Equity3.0B3.4B4.2B4.3B5.1B3.0B
Property Plant And Equipment Net842.3M897.3M957.3M1.0B1.0B749.7M
Net Debt2.7B2.6B2.7B3.3B3.3B3.4B
Retained Earnings8.2B8.6B9.4B10.2B11.0B11.5B
Cash397.3M513.1M385.5M380.9M398.6M403.0M
Non Current Assets Total6.1B6.5B7.3B7.5B8.0B4.3B
Non Currrent Assets Other440.4M479.2M466.3M89.9M560.9M588.9M
Cash And Short Term Investments397.3M513.1M385.5M380.9M398.6M420.8M
Net Receivables1.2B1.1B1.3B1.5B1.4B958.3M
Common Stock Shares Outstanding147.0M145.4M145.3M143.6M140.6M161.7M
Liabilities And Stockholders Equity8.7B9.2B10.4B10.9B11.3B6.5B
Non Current Liabilities Total3.9B4.0B4.0B3.8B3.7B2.1B
Inventory806.1M835.8M1.2B1.4B1.2B702.4M
Other Current Assets127.8M133.1M137.6M159.1M141.5M111.6M
Other Stockholder Equity(5.2B)(5.3B)(5.4B)(5.9B)(5.9B)(5.6B)
Total Liab5.6B5.8B6.2B6.6B6.2B3.5B
Total Current Assets2.5B2.6B3.1B3.4B3.4B2.2B
Short Term Debt84.7M48.8M105.7M735.8M517.1M315.7M
Intangible Assets1.1B1.1B1.4B1.3B1.5B1.2B
Accounts Payable983.3M853.9M1.1B1.1B958.5M549.0M
Property Plant And Equipment Gross842.3M897.3M2.5B2.6B2.7B2.8B
Accumulated Other Comprehensive Income(216.0M)(153.3M)(154.1M)(266.2M)(237.9M)(249.8M)
Common Stock Total Equity258.6M259.0M259.5M259.6M298.6M273.9M
Common Stock258.6M259.0M259.5M259.6M259.8M274.4M
Other Liab771.8M918.7M945.0M722.4M830.8M712.8M
Other Assets285.3M479.2M44.3M624.1M717.7M391.5M
Long Term Debt3.0B3.1B3.0B2.9B3.0B2.3B
Good Will3.8B4.1B4.6B4.7B4.9B3.8B
Treasury Stock(6.1B)(6.2B)(6.2B)(6.8B)(6.1B)(5.8B)
Property Plant Equipment842.3M897.3M957.3M1.0B1.2B970.8M
Current Deferred Revenue44.0M184.8M227.5M256.9M211.3M148.7M
Retained Earnings Total Equity8.2B8.6B9.4B10.2B11.8B7.6B
Deferred Long Term Liab322.0M298.4M364.1M375.2M431.4M422.8M
Net Tangible Assets(1.8B)(1.8B)(1.7B)(1.7B)(1.5B)(1.6B)

Pair Trading with Dover

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Dover position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Dover will appreciate offsetting losses from the drop in the long position's value.

Moving together with Dover Stock

  0.93B Barnes Group Financial Report 25th of April 2024 PairCorr
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  0.97GE General Electric Fiscal Quarter End 31st of March 2024 PairCorr
  0.72HI Hillenbrand Financial Report 13th of May 2024 PairCorr

Moving against Dover Stock

  0.92NMHI Natures Miracle HoldingPairCorr
  0.85ATS ATS CorporationPairCorr
  0.79RR Richtech Robotics ClassPairCorr
The ability to find closely correlated positions to Dover could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dover when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Dover - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Dover to buy it.
The correlation of Dover is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Dover moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dover moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Dover can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Dover is a strong investment it is important to analyze Dover's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Dover's future performance. For an informed investment choice regarding Dover Stock, refer to the following important reports:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dover. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.
For more information on how to buy Dover Stock please use our How to Invest in Dover guide.
You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.

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When running Dover's price analysis, check to measure Dover's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Dover is operating at the current time. Most of Dover's value examination focuses on studying past and present price action to predict the probability of Dover's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dover's price. Additionally, you may evaluate how the addition of Dover to your portfolios can decrease your overall portfolio volatility.
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Is Dover's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Dover. If investors know Dover will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Dover listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.128
Dividend Share
2.03
Earnings Share
7.52
Revenue Per Share
60.338
Quarterly Revenue Growth
(0.02)
The market value of Dover is measured differently than its book value, which is the value of Dover that is recorded on the company's balance sheet. Investors also form their own opinion of Dover's value that differs from its market value or its book value, called intrinsic value, which is Dover's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Dover's market value can be influenced by many factors that don't directly affect Dover's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Dover's value and its price as these two are different measures arrived at by different means. Investors typically determine if Dover is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dover's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.