Dover Interest Coverage vs Share Based Compensation Analysis

DOV Stock  USD 177.22  2.44  1.40%   
Trend analysis of Dover balance sheet accounts such as Other Current Liabilities of 513.2 M or Total Current Liabilities of 1.4 B provides information on Dover's total assets, liabilities, and equity, which is the actual value of Dover to its prevalent stockholders. By breaking down trends over time using Dover balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
  
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.

About Dover Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Dover at a specified time, usually calculated after every quarter, six months, or one year. Dover Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Dover and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Dover currently owns. An asset can also be divided into two categories, current and non-current.

Dover Balance Sheet Chart

Dover Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how Dover uses and utilizes its capital. It also shows what exactly a company owns and owes.
At this time, Dover's Total Permanent Equity is fairly stable compared to the past year. Additional Paid In Capital is likely to climb to about 1.1 B in 2024, whereas Other Current Liabilities is likely to drop slightly above 513.2 M in 2024.

Total Assets

Total assets refers to the total amount of Dover assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Dover books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Dover balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Dover are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
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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  0.72HI 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 Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.

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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.