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Daktronics Inc

DAKT

Miscellaneous Manufacturing Industries

Mkt Cap

$522.7M

PE

9.77

Debt

$49.97M

Cash

$77.19M

EV

$495.5M

FCF

$61.1M

Market Cap

$522.7M

P/E Ratio

9.77

Debt

$49.97M

Cash

$77.19M

EV

$495.5M

FCF

$61.1M
Charts data: {"Earnings":[{"time":"2015-05-01","value":20882000},{"time":"2016-04-29","value":2061000},{"time":"2017-04-28","value":10342000},{"time":"2018-04-27","value":5562000},{"time":"2019-04-26","value":-958000},{"time":"2020-05-01","value":491000},{"time":"2021-04-30","value":10926000},{"time":"2022-04-29","value":592000},{"time":"2023-04-28","value":6802000}],"Sales":[{"time":"2015-05-01","value":615942000},{"time":"2016-04-29","value":570168000},{"time":"2017-04-28","value":586539000},{"time":"2018-04-27","value":610530000},{"time":"2019-04-26","value":569704000},{"time":"2020-05-01","value":608932000},{"time":"2021-04-30","value":482033000},{"time":"2022-04-29","value":610970000},{"time":"2023-04-28","value":754196000}],"Net Margins":[{"time":"2015-05-01","value":0.03390254277188436},{"time":"2016-04-29","value":0.0036147240813233996},{"time":"2017-04-28","value":0.017632246108101934},{"time":"2018-04-27","value":0.00911011743894649},{"time":"2019-04-26","value":-0.0016815749933298694},{"time":"2020-05-01","value":0.0008063297708118477},{"time":"2021-04-30","value":0.022666497936863244},{"time":"2022-04-29","value":0.0009689510123246641},{"time":"2023-04-28","value":0.00901887572991636}],"Assets":[{"time":"2015-05-01","value":379479000},{"time":"2016-04-29","value":349948000},{"time":"2017-04-28","value":355433000},{"time":"2018-04-27","value":358800000},{"time":"2019-04-26","value":349216000},{"time":"2020-05-01","value":372651000},{"time":"2021-04-30","value":375164000},{"time":"2022-04-29","value":440876000},{"time":"2023-04-28","value":468104000}],"Stockholders Equity":[{"time":"2015-05-01","value":212039000},{"time":"2016-04-29","value":201067000},{"time":"2017-04-28","value":198286000},{"time":"2018-04-27","value":197616000},{"time":"2019-04-26","value":187663000},{"time":"2020-05-01","value":176980000},{"time":"2021-04-30","value":193554000},{"time":"2022-04-29","value":191564000},{"time":"2023-04-28","value":200878000}],"ROE":[{"time":"2015-05-01","value":0.09848188304981631},{"time":"2016-04-29","value":0.010250314571759662},{"time":"2017-04-28","value":0.0521569853645744},{"time":"2018-04-27","value":0.028145494291960164},{"time":"2019-04-26","value":-0.0051048954775315325},{"time":"2020-05-01","value":0.002774324782461295},{"time":"2021-04-30","value":0.056449362968473915},{"time":"2022-04-29","value":0.0030903510054081144},{"time":"2023-04-28","value":0.03386134867929788}],"ROA":[{"time":"2015-05-01","value":0.08407843385272966},{"time":"2016-04-29","value":0.009584281093190988},{"time":"2017-04-28","value":0.04450346478801912},{"time":"2018-04-27","value":0.03524526198439242},{"time":"2019-04-26","value":-0.01353889856134885},{"time":"2020-05-01","value":0.00026029716812781933},{"time":"2021-04-30","value":0.04560139032529774},{"time":"2022-04-29","value":0.009177183607182065},{"time":"2023-04-28","value":0.04569070121169655}]}

Daktronics, Inc. designs, manufactures, and markets electronic display systems and related products for sporting, commercial, and transportation applications in the United States and internationally. It operates through Commercial, Live Events, High School Park and Recreation, Transportation, and International segments. The company also offers video display and walls; scoreboards and timing systems; message displays; intelligent transportation systems dynamic message signs; mass transit display; sound systems; and digital billboards, street furniture, and digit and price displays. In addition, it provides indoor dynamic messaging systems and liquid crystal display signs; and software and controllers, which includes Venus, a control suite software to control the creation of messages and graphic sequences for uploading to displays. The company sells its products through direct sales and resellers. Daktronics, Inc. was founded in 1968 and is headquartered in Brookings, South Dakota.

Sector

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Growth

%

%

Discount

%

%

Multiple

g\r+10%+11%+12%+13%+14%
0%109887
+1%1110988
+2%13111098
+3%141311109
+4%1714121110
Years012345678910TV
FCF$61.1M$71.65M$83.06M$95.14M$107.7M$120.4M$133M$145.1M$156.3M$166.3M$174.6M$1.746B
DCF$62.31M$62.8M$62.56M$61.57M$59.87M$57.51M$54.55M$51.1M$47.27M$43.16M$431.6M
Value$994.3M

In the chart Earnings are multiplied by this value.

Earnings Growth 5.3%
Earnings Stability -23%

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years05-201504-201604-201704-201804-201905-202004-202104-202204-2023TTM
Net Margin3.4%0.36%1.8%0.91%-0.17%0.081%2.3%0.097%0.9%6.6%
ROA8.4%0.96%4.5%3.5%-1.4%0.026%4.6%0.92%4.6%17%
ROE9.8%1%5.2%2.8%-0.51%0.28%5.6%0.31%3.4%23%

What is the average Net Margin?

The average Net Margin over the past 5 years is +0.68%.

What is the trend of Net Margin?

The trend of Net Margin over the past 5 years is +0.08%.

What is the average Return on Assets (ROA)?

The average ROA over the past 5 years is +2.04%.

What is the trend of Return on Assets (ROA)?

The trend of ROA over the past 5 years is +0.47%.

What is the average Return on Equity (ROE)?

The average ROE over the past 5 years is +1.99%.

What is the trend of Return on Equity (ROE)?

The trend of ROE over the past 5 years is +0.31%.

Safety & Stabiliy

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years05-201504-201604-201704-201804-201905-202004-202104-202204-2023TTM
Debt FCF--0.150.050.09-----1.710.82
Debt Equity0.000.000.010.01----0.090.21
MIN
Graham Stability---50%-16%9.9%100%17%100%-16%

What is the Debt/FCF?

The Debt/FCF trailing twelve month is 0.82.

What is the trend of Debt/FCF?

The trend of Debt/FCF over the past 5 years is -0.36.

What is the Graham’s Stability?

Graham’s Stability measure stands at -0.16.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years04-201604-201805-202004-2022Trend
Revenue4.1%4.3%7.4%23%3.3%
Net Income19%4.1%140%1K%140%
Stockholders Equity-0.013%0.33%4.3%4.9%1.2%
FCF----61%

What is the 5 year Revenue CAGR?

The Revenue CAGR over the past 5 years is +4.32%.

What is the trend of Revenue growth?

The trend of Revenue growth rate over the past 5 years is +3.27%.

What is the 5 year Earnings CAGR?

The Earnings CAGR over the past 5 years is +4.11%.

What is the trend of Earnings growth?

The trend of Earnings growth rate over the past 5 years is +144.65%.

What is the 5 year Equity CAGR?

The Equity CAGR over the past 5 years is +0.33%.

What is the trend of Equity growth?

The trend of Equity growth rate over the past 5 years is +1.2%.

What is the 5 year FCF CAGR?

The FCF CAGR over the past 5 years is -.

What is the trend of FCF growth?

The trend of FCF growth rate over the past 5 years is +60.75%.