Dover Payout Ratio vs Operating Income Analysis
DOV Stock | USD 172.29 2.01 1.18% |
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 Payout Ratio and its Operating Income 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.
Payout Ratio vs Operating Income
Payout Ratio vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Dover Payout Ratio account and Operating Income. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Dover's Payout Ratio and Operating Income is -0.38. Overlapping area represents the amount of variation of Payout Ratio that can explain the historical movement of Operating Income in the same time period over historical financial statements of Dover, assuming nothing else is changed. The correlation between historical values of Dover's Payout Ratio and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Payout Ratio of Dover are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Payout Ratio i.e., Dover's Payout Ratio and Operating Income go up and down completely randomly.
Correlation Coefficient | -0.38 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Payout Ratio
Payout Ratio is the proportion of Dover earnings paid out as dividends to shareholders. Payout Ratio is typically expressed as a percentage but can be shown as dividends paid out as a proportion of cash flow. The payout ratio is used to determine the sustainability of Dover dividend payments. A lower payout ratio is generally preferable to a higher payout ratio, with a ratio greater than 100% indicating Dover is paying out more in dividends than it makes in net income.Operating Income
Operating Income is the amount of profit realized from Dover operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Dover is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.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.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 |
Dover fundamental ratios Correlations
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Dover Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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
0.84 | B | Barnes Group Earnings Call Today | PairCorr |
0.89 | CR | Crane Company Financial Report 8th of May 2024 | PairCorr |
0.76 | HI | Hillenbrand Earnings Call This Week | PairCorr |
0.94 | IR | Ingersoll Rand Financial Report 1st of May 2024 | PairCorr |
Moving against Dover Stock
0.79 | ATS | ATS Corporation | PairCorr |
0.66 | RR | Richtech Robotics Class | PairCorr |
0.44 | BW | Babcock Wilcox Enter Financial Report 8th of May 2024 | PairCorr |
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.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 Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
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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 7.53 | 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.