Dover Net Income vs Ebit Analysis

DOV Stock

USD 177.25 4.14 2.28%

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 Net Income and its Ebit 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 closely tied 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.

Net Income vs Ebit

Net Income vs Ebit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Dover Net Income account and Ebit. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Dover's Net Income and Ebit is 0.94. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Ebit in the same time period over historical financial statements of Dover, assuming nothing else is changed. The correlation between historical values of Dover's Net Income and Ebit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Dover are associated (or correlated) with its Ebit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebit has no effect on the direction of Net Income i.e., Dover's Net Income and Ebit go up and down completely randomly.

Correlation Coefficient

0.94

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Dover financial statement analysis. It represents the amount of money remaining after all of Dover operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Ebit

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 closely tied 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.At this time, Dover's Enterprise Value Over EBITDA is fairly stable compared to the past year. 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 Profit	3.0B	3.1B	3.1B	2.1B
Total Revenue	7.9B	8.5B	8.4B	5.8B

Gross Profit Total Revenue

Dover fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Property Plant And Equipment Gross	Common Stock Total Equity	Common Stock
Total Assets		0.76	0.93	0.84	0.91	0.95	0.61	0.7	0.41	0.99	0.36	0.41	0.97	-0.8	0.92	0.86	0.64	-0.53	0.95	0.95	0.41	0.88	0.77	0.35	0.46	0.46
Short Long Term Debt Total	0.76		0.74	0.82	0.55	0.67	0.96	0.94	0.01	0.77	0.5	0.02	0.81	-0.92	0.74	0.72	0.58	-0.85	0.82	0.67	0.46	0.76	0.77	0.57	0.67	0.88
Other Current Liab	0.93	0.74		0.87	0.8	0.84	0.64	0.74	0.25	0.92	0.47	0.25	0.92	-0.81	0.85	0.91	0.6	-0.64	0.91	0.89	0.33	0.74	0.84	0.51	0.56	0.5
Total Current Liabilities	0.84	0.82	0.87		0.63	0.7	0.78	0.75	0.03	0.84	0.34	0.02	0.89	-0.8	0.75	0.91	0.54	-0.72	0.89	0.78	0.66	0.69	0.86	0.55	0.56	0.54
Total Stockholder Equity	0.91	0.55	0.8	0.63		0.95	0.36	0.57	0.63	0.87	0.36	0.63	0.83	-0.55	0.7	0.75	0.53	-0.25	0.72	0.93	0.35	0.83	0.47	0.37	0.42	0.33
Property Plant And Equipment Net	0.95	0.67	0.84	0.7	0.95		0.49	0.64	0.55	0.94	0.41	0.55	0.9	-0.68	0.83	0.75	0.53	-0.38	0.83	0.93	0.34	0.88	0.61	0.31	0.38	0.45
Net Debt	0.61	0.96	0.64	0.78	0.36	0.49		0.9	-0.27	0.65	0.46	-0.26	0.7	-0.89	0.64	0.67	0.45	-0.92	0.74	0.49	0.43	0.63	0.77	0.59	0.69	0.87
Retained Earnings	0.7	0.94	0.74	0.75	0.57	0.64	0.9		0.0	0.69	0.57	0.01	0.76	-0.89	0.62	0.76	0.59	-0.89	0.71	0.67	0.31	0.63	0.72	0.76	0.78	0.93
Cash	0.41	0.01	0.25	0.03	0.63	0.55	-0.27	0.0		0.34	0.07	1.0	0.31	0.0	0.26	0.1	0.4	0.33	0.19	0.57	0.06	0.36	-0.09	-0.18	-0.15	-0.07
Non Current Assets Total	0.99	0.77	0.92	0.84	0.87	0.94	0.65	0.69	0.34		0.37	0.34	0.96	-0.82	0.94	0.85	0.59	-0.55	0.96	0.91	0.4	0.89	0.78	0.32	0.46	0.47
Non Currrent Assets Other	0.36	0.5	0.47	0.34	0.36	0.41	0.46	0.57	0.07	0.37		0.08	0.32	-0.46	0.27	0.29	-0.04	-0.44	0.32	0.31	0.16	0.38	0.25	0.39	0.59	0.62
Cash And Short Term Investments	0.41	0.02	0.25	0.02	0.63	0.55	-0.26	0.01	1.0	0.34	0.08		0.31	0.0	0.26	0.09	0.4	0.33	0.18	0.57	0.06	0.36	-0.09	-0.17	-0.14	-0.06
Net Receivables	0.97	0.81	0.92	0.89	0.83	0.9	0.7	0.76	0.31	0.96	0.32	0.31		-0.86	0.91	0.9	0.68	-0.64	0.96	0.94	0.43	0.82	0.85	0.42	0.49	0.54
Common Stock Shares Outstanding	-0.8	-0.92	-0.81	-0.8	-0.55	-0.68	-0.89	-0.89	0.0	-0.82	-0.46	0.0	-0.86		-0.86	-0.78	-0.67	0.9	-0.89	-0.71	-0.24	-0.67	-0.88	-0.47	-0.62	-0.79
Non Current Liabilities Total	0.92	0.74	0.85	0.75	0.7	0.83	0.64	0.62	0.26	0.94	0.27	0.26	0.91	-0.86		0.73	0.64	-0.58	0.97	0.8	0.22	0.79	0.83	0.13	0.32	0.44
Inventory	0.86	0.72	0.91	0.91	0.75	0.75	0.67	0.76	0.1	0.85	0.29	0.09	0.9	-0.78	0.73		0.58	-0.68	0.85	0.85	0.45	0.66	0.8	0.67	0.57	0.5
Other Current Assets	0.64	0.58	0.6	0.54	0.53	0.53	0.45	0.59	0.4	0.59	-0.04	0.4	0.68	-0.67	0.64	0.58		-0.53	0.64	0.71	0.08	0.44	0.63	0.29	0.34	0.44
Other Stockholder Equity	-0.53	-0.85	-0.64	-0.72	-0.25	-0.38	-0.92	-0.89	0.33	-0.55	-0.44	0.33	-0.64	0.9	-0.58	-0.68	-0.53		-0.68	-0.45	-0.2	-0.38	-0.82	-0.64	-0.7	-0.83
Total Liab	0.95	0.82	0.91	0.89	0.72	0.83	0.74	0.71	0.19	0.96	0.32	0.18	0.96	-0.89	0.97	0.85	0.64	-0.68		0.84	0.4	0.8	0.9	0.3	0.43	0.51
Total Current Assets	0.95	0.67	0.89	0.78	0.93	0.93	0.49	0.67	0.57	0.91	0.31	0.57	0.94	-0.71	0.8	0.85	0.71	-0.45	0.84		0.41	0.78	0.67	0.41	0.44	0.43
Short Term Debt	0.41	0.46	0.33	0.66	0.35	0.34	0.43	0.31	0.06	0.4	0.16	0.06	0.43	-0.24	0.22	0.45	0.08	-0.2	0.4	0.41		0.5	0.24	0.29	0.29	0.23
Intangible Assets	0.88	0.76	0.74	0.69	0.83	0.88	0.63	0.63	0.36	0.89	0.38	0.36	0.82	-0.67	0.79	0.66	0.44	-0.38	0.8	0.78	0.5		0.54	0.28	0.39	0.51
Accounts Payable	0.77	0.77	0.84	0.86	0.47	0.61	0.77	0.72	-0.09	0.78	0.25	-0.09	0.85	-0.88	0.83	0.8	0.63	-0.82	0.9	0.67	0.24	0.54		0.4	0.46	0.54
Property Plant And Equipment Gross	0.35	0.57	0.51	0.55	0.37	0.31	0.59	0.76	-0.18	0.32	0.39	-0.17	0.42	-0.47	0.13	0.67	0.29	-0.64	0.3	0.41	0.29	0.28	0.4		0.71	0.66
Common Stock Total Equity	0.46	0.67	0.56	0.56	0.42	0.38	0.69	0.78	-0.15	0.46	0.59	-0.14	0.49	-0.62	0.32	0.57	0.34	-0.7	0.43	0.44	0.29	0.39	0.46	0.71		0.66
Common Stock	0.46	0.88	0.5	0.54	0.33	0.45	0.87	0.93	-0.07	0.47	0.62	-0.06	0.54	-0.79	0.44	0.5	0.44	-0.83	0.51	0.43	0.23	0.51	0.54	0.66	0.66

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Dover Account Relationship Matchups

Dover fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	8.7B	9.2B	10.4B	10.9B	11.3B	6.5B
Short Long Term Debt Total	3.1B	3.1B	3.1B	3.7B	3.7B	3.9B
Other Current Liab	637.9M	651.2M	843.5M	712.4M	812.9M	513.2M
Total Current Liabilities	1.7B	1.7B	2.3B	2.8B	2.5B	1.4B
Total Stockholder Equity	3.0B	3.4B	4.2B	4.3B	5.1B	3.0B
Property Plant And Equipment Net	842.3M	897.3M	957.3M	1.0B	1.0B	749.7M
Net Debt	2.7B	2.6B	2.7B	3.3B	3.3B	3.4B
Retained Earnings	8.2B	8.6B	9.4B	10.2B	11.0B	11.5B
Cash	397.3M	513.1M	385.5M	380.9M	398.6M	403.0M
Non Current Assets Total	6.1B	6.5B	7.3B	7.5B	8.0B	4.3B
Non Currrent Assets Other	440.4M	479.2M	466.3M	89.9M	560.9M	588.9M
Cash And Short Term Investments	397.3M	513.1M	385.5M	380.9M	398.6M	420.8M
Net Receivables	1.2B	1.1B	1.3B	1.5B	1.4B	958.3M
Common Stock Shares Outstanding	147.0M	145.4M	145.3M	143.6M	140.6M	161.7M
Liabilities And Stockholders Equity	8.7B	9.2B	10.4B	10.9B	11.3B	6.5B
Non Current Liabilities Total	3.9B	4.0B	4.0B	3.8B	3.7B	2.1B
Inventory	806.1M	835.8M	1.2B	1.4B	1.2B	702.4M
Other Current Assets	127.8M	133.1M	137.6M	159.1M	141.5M	111.6M
Other Stockholder Equity	(5.2B)	(5.3B)	(5.4B)	(5.9B)	(5.9B)	(5.6B)
Total Liab	5.6B	5.8B	6.2B	6.6B	6.2B	3.5B
Total Current Assets	2.5B	2.6B	3.1B	3.4B	3.4B	2.2B
Short Term Debt	84.7M	48.8M	105.7M	735.8M	517.1M	315.7M
Intangible Assets	1.1B	1.1B	1.4B	1.3B	1.5B	1.2B
Accounts Payable	983.3M	853.9M	1.1B	1.1B	958.5M	549.0M
Property Plant And Equipment Gross	842.3M	897.3M	2.5B	2.6B	2.7B	2.8B
Accumulated Other Comprehensive Income	(216.0M)	(153.3M)	(154.1M)	(266.2M)	(237.9M)	(249.8M)
Common Stock Total Equity	258.6M	259.0M	259.5M	259.6M	298.6M	273.9M
Common Stock	258.6M	259.0M	259.5M	259.6M	259.8M	274.4M
Other Liab	771.8M	918.7M	945.0M	722.4M	830.8M	712.8M
Other Assets	285.3M	479.2M	44.3M	624.1M	717.7M	391.5M
Long Term Debt	3.0B	3.1B	3.0B	2.9B	3.0B	2.3B
Good Will	3.8B	4.1B	4.6B	4.7B	4.9B	3.8B
Treasury Stock	(6.1B)	(6.2B)	(6.2B)	(6.8B)	(6.1B)	(5.8B)
Property Plant Equipment	842.3M	897.3M	957.3M	1.0B	1.2B	970.8M
Current Deferred Revenue	44.0M	184.8M	227.5M	256.9M	211.3M	148.7M
Retained Earnings Total Equity	8.2B	8.6B	9.4B	10.2B	11.8B	7.6B
Deferred Long Term Liab	322.0M	298.4M	364.1M	375.2M	431.4M	422.8M
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

0.64	HI	Hillenbrand Fiscal Year End 20th of November 2024	Pair Corr
0.79	IR	Ingersoll Rand	Pair Corr

Moving against Dover Stock

0.48

ITW

Illinois Tool Works

Pair Corr

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 Correlation Correlation Matching

Additional Tools for Dover Stock Analysis

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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