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. We should note, though, that all scenearios modelled for this stock suggest it is overvalued. As for the metrics that stood out in our discounted cash flow analysis of DOVER Corp, consider:
In the past 5.58 years, DOVER Corp has a compound free cash flow growth rate of -0.02%; that's better than only 24.87% of cash flow producing equities in the Industrials sector, where it is classified.
DOVER Corp's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at 7.7. This coverage rate is greater than that of 67.05% of stocks we're observing for the purpose of forecasting via discounted cash flows.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
ITNM, PAYX, MATW, FORR, and HII can be thought of as valuation peers to DOV, in the sense that they are in the Industrials sector and have a similar price forecast based on DCF valuation.