Dover Corporation delivers equipment and components, specialty systems and support services through four major operating segments: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment. The company was founded in 1947 and is based in Downers Grove, Illinois.
DOV Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for DOVER Corp with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that DOVER Corp ranked in the 27th percentile in terms of potential gain offered. Our DCF analysis suggests the stock is overvalued by about 66.17%. In terms of the factors that were most noteworthy in this DCF analysis for DOV, they are:
Its compound free cash flow growth rate, as measured over the past 5.5 years, is -0.02% -- higher than just 21.52% of stocks in our DCF forecasting set.
DOV's estimated cost of debt, based largely on its market capitalization and its interest coverage ratio, is 2%; for context, that number is higher than 25.35% of tickers in our DCF set.
The weighted average cost of capital for the company is 8. This value is greater than just 21.58% stocks in the Industrials sector that generate free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Industrials that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as DOV, try VRSK, ADP, GNRC, SYEV, and HON.
SWEP, part of Dover (NYSE: DOV), announced the launch of the BX4T brazed plate heat exchanger (BPHE), the latest addition to the B4 sized range for the refrigeration market. BX4T boasts a more compact design than existing economizers, making it perfect for variable refrigerant flow (VRF), heat pumps and condensing units.
Dover ([[DOV]] -0.4%) has completed the acquisition of Innovative Control Systems, a provider of car wash controllers, payment terminals, point-of-sale and wash site management software solutions.A scaled-up vehicle wash platform within Dover is expected to drive growth and efficiencies by cross-leveraging Dover's and ICS' go-to-market channels in vehicle wash and...