Ducommun Inc

Industrials
Military/Government/Technical
www.ducommun.com

Earnings Score
Moat Score
Safety Score

Market Cap $896.50M
PE 30
Debt $268.80M
Cash $37.27M
EV $1.13B
FCF $28.48M

Earnings

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Sales & Net Margins

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Earnings	$29.83M
EBIT	$50.74M
ROE	4%
ROA	4%
FCF	$28.48M
Equity	$665.57M
Growth Stability	25%
PE	30.05
PEG	-3.29
PB	1.35
P/FCF	31.48
P/S	1.15
Price/Cash	0.04
Debt/Equity	0.4
Debt/FCF	9.44
Net Margins	4%
Gross Margins	25%
Op. Margins	6%
Earnings CAGR	11%
Sales Growth YoY	3%
Sales Growth QoQ	2%
Sales CAGR	3%
FCF CAGR	1%
Equity CAGR	14%
Earnings Stability	0.14
Earnings Growth YoY	216%
Earnings Growth QoQ	31%

Earnings CAGR 5Y	-9%
Sales CAGR 5Y	4%
FCF CAGR 5Y	11%
Equity CAGR 5Y	22%
Earnings CAGR 3Y	8%
Sales CAGR 3Y	8%
FCF CAGR 3Y	83%
Equity CAGR 3Y	15%
Market Cap	$896.50M
Revenue	$781.49M
Assets	$1.13B
Total Debt	$268.80M
Cash	$37.27M
Shares Outstanding	14.71M
EV	1.13B
Earnings Score	9%
Moat Score	60%
Safety Score	49%
Final Score	39%
Working Capital	392.66M
Current Ratio	3.21
Gross Profit	$192.55M
Shares Growth 3y	10%
Equity Growth QoQ	1%
Equity Growth YoY	5%

Assets & ROA

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Stockholders Equity & ROE

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Ducommun Inc provides engineering & manufacturing services for high-performance products & high-cost-of failure applications used primarily in the aerospace and defense, industrial, medical & other industries. The company's reportable segments are Structural Systems & Electronic Systems. Structural Systems designs, engineers, and manufactures large, complex contoured aerostructure components & assemblies and supplies composite and metal bonded structures and assemblies. Electronic Systems designs, engineers, and manufactures high-reliability electronic & electromechanical products used in worldwide technology-driven markets including aerospace and defense, industrial, medical, & other end-use markets. It generates most of its revenue from the Electronic Systems.

SEC Filings

Direct access to Ducommun Inc (DCO) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 28
- 10-Q Jun 29
- 10-Q Mar 30
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jul 01
- 10-Q Apr 01
2022
- 10-K Dec 31
- 10-Q Oct 01
- 10-Q Jul 02
- 10-Q Apr 02

Sector Comparison

How does Ducommun Inc compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Ducommun Inc compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 11%

Stability 14%

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Ducommun Inc Discounted Cash Flow

Fully customizable DCF calculator online for Ducommun Inc .

Years

Calculation mode

= $298M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$28M	$29M	$29M	$29M	$29M	$29M	$30M	$30M	$30M	$30M	$30M	$304M
DCF		$26M	$24M	$22M	$20M	$18M	$17M	$15M	$14M	$13M	$12M	$117M
Value	$298M

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.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	3%	-11%	5%	4%	1%	5%	5%	21%	4%	2%	4%
ROA	-	-13%	6%	3%	4%	7%	5%	17%	4%	3%	4%
ROE	-	-39%	12%	9%	4%	11%	9%	29%	5%	3%	4%

Bad Net Margins (4.2%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

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.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	31.47	6.47	27.88	8.22	9.68	3.24K	-16.91	19.6	23.72	9.44
Debt over Equity	1.13	1.31	0.8	0.93	0.92	1.08	0.99	0.62	0.48	0.43	0.4
Growth Stability	-	-	-	-	-	100%	100%	100%	44%	25%	25%

Bad Debt/FCF ratio (9.44)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Good Debt/Equity ratio (0.4)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (25%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

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.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-10%	-17%	1%	13%	15%	-13%	3%	10%	6%	4%
Earnings YoY growth	-	-469%	-134%	-21%	-55%	259%	-10%	365%	-79%	-45%	-9%
Equity YoY growth	-	-27%	13%	11%	9%	14%	12%	44%	11%	21%	22%
FCF YoY growth	-	-78%	237%	-70%	266%	14%	-100%	-17K%	-175%	-11%	11%