Daktronics, Inc. Financial Ratios — DAKT Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	9.22	5.38	13.9	13.28	11.77	1.18	6.17	3.39	-0.61	0.33	7.24	0.38	4.19	22.74	-7.61
Return on Assets (%)	4.5	2.64	7.17	6.56	5.67	0.57	2.93	1.56	-0.27	0.14	2.92	0.15	1.5	6.95	-1.96
Return on Capital (%)	8.84	5.47	14	13.37	11.85	1.26	6.26	3.45	- -	- -	7.29	0.37	4.25	19.31	- -
Return on Invested Capital (%)	5.82	3.72	11.73	11.05	9.83	0.79	5.07	2.79	- -	- -	7.01	1.09	6.33	21.37	- -
Gross Margin (%)	25.24	23.17	25.83	25.67	23.47	21.23	23.94	23.86	22.87	22.78	25.02	19.1	20.07	27.19	25.84
EBITDA Margin (%)	8.87	5.68	8.91	9.25	7.54	3.41	5.79	4.95	2.44	2.88	7.09	3.18	5.7	13.01	4.92
Operating Margin (%)	4.42	2.1	5.9	6.62	5.08	0.44	2.63	2.04	-0.83	-0.03	3.55	0.66	3.44	10.65	2.33
Incremental Operating Margin (%)	54.33	-19.34	70.58	17.7	-8.24	62.9	78.96	-12.34	- -	- -	-13.61	-10.13	15.3	95.72	112.78
Pretax Margin (%)	5.01	2.36	5.97	6.75	5.14	0.55	2.66	2.04	-0.87	- -	2.92	0.18	1.76	6.61	-0.77
Profit Margin (%)	3.22	1.73	4.39	4.02	3.39	0.36	1.76	0.91	-0.17	0.08	2.27	0.1	0.9	4.23	-1.34
Net Income to Common Margin (%)	3.22	1.73	4.39	4.02	3.39	0.36	1.76	0.91	-0.17	0.08	2.27	0.1	0.9	4.23	-1.34
Effective Tax Rate (%)	35.67	26.67	26.35	40.37	34.09	34.07	33.65	55.25	- -	- -	22.29	46.57	48.69	35.95	- -
Dvd Payout Ratio (%)	174.07	305.69	135.47	75.16	83.22	851.82	132	223.37	-1,310.44	1,831.77	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	-6.83	-11.06	-4.93	3.3	1.98	-8.85	-1.97	-4.18	-8.63	-5.74	7.24	0.38	4.19	22.74	-7.61

Credit (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	2	1	- -	- -	- -	- -	- -	- -	- -	2	2	2	20	57	14
ST Debt	2	1	- -	- -	- -	- -	- -	- -	- -	2	2	2	2	3	4
LT Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	18	53	10
Total Debt/EBITDA	0.06	0.05	- -	- -	- -	- -	- -	- -	- -	0.14	0.06	0.12	0.47	0.53	0.38
Net Debt/EBITDA	-1.33	-1.01	-0.88	-0.88	-1.23	-1.46	-0.96	-0.98	-2.54	-2.3	-2.27	-0.88	-0.15	-0.25	-3.11
Total Debt/EBIT	0.12	0.14	- -	- -	- -	- -	- -	- -	- -	-14.47	0.11	0.57	0.77	0.65	0.8
Net Debt/EBIT	-2.66	-2.72	-1.33	-1.23	-1.83	-11.35	-2.12	-2.39	7.48	241.9	-4.54	-4.24	-0.24	-0.31	-6.55
EBITDA to Interest Expense	212.87	82.96	130.16	200.23	208.17	85.25	147.75	139.37	86.92	165.58	115.88	- -	38.12	31.32	12.94
EBITDA-CapEx/Interest Expense	161.86	33.64	102.91	147.21	110.24	10.45	110.79	55.84	-21.01	-5.09	89.13	- -	15.59	26.32	6.16
EBIT to Interest Expense	106.12	30.67	86.2	143.36	140.29	10.94	67.05	57.42	-29.55	-1.58	57.99	- -	23.04	25.64	6.14
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	3	3
Common Equity/Total Assets	45.54	52.68	50.46	48.45	47.89	48.19	46.84	45.1	43.32	38.94	41.74	35.93	35.55	26.15	25.43
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	8.84	22.26	3.86
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	9.52	27.31	7.39
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3.79	10.07	2.09
Total Debt/Equity (%)	1.14	0.76	- -	- -	- -	- -	- -	- -	- -	1.37	0.97	1.21	9.96	23.72	5.16
Total Debt/Capital (%)	1.53	0.87	- -	- -	- -	- -	- -	- -	- -	1.64	1.19	1.44	10.73	29.1	9.89
Total Debt/Total Assets (%)	0.71	0.46	- -	- -	- -	- -	- -	- -	- -	0.65	0.5	0.52	4.27	10.73	2.79
Net Debt to Equity	-25.6	-14.66	-21.58	-22.18	-27.02	-14.09	-16.45	-15.04	-18.85	-22.83	-40.09	-8.95	-3.1	-11.15	-42.48
Net Debt/Capital (%)	-53.44	-20.19	-33.7	-35.16	-46.03	-20.19	-24.37	-22.5	-30.53	-37.71	-95.93	-11.94	-3.84	-23.49	-800.33
EBITDA	39	28	46	51	46	19	34	30	14	18	34	19	43	106	37
EBITDA-CapEx	30	11	37	38	25	2	25	12	-3	-1	26	-1	18	89	18
Operating Income (Loss)	20	10	31	37	31	2	15	12	-5	- -	17	4	26	87	18

Liquidity (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	0.7	0.5	0.56	0.53	0.58	0.44	0.5	0.49	0.46	0.29	0.53	0.1	0.12	0.42	0.74
Current Ratio	2.17	2.1	2.09	2.05	2.04	2.02	1.97	2.01	1.89	1.73	1.81	1.49	1.63	2.09	2.22
Quick Ratio	1.58	1.43	1.5	1.45	1.46	1.39	1.4	1.37	1.23	1.05	1.23	0.78	0.87	1.33	1.55
CFO/Avg Current Liab	0.43	0.18	0.45	0.29	0.39	0.1	0.31	0.23	0.22	0.08	0.45	-0.15	0.07	0.31	0.54
Common Equity/Total Assets	45.54	52.68	50.46	48.45	47.89	48.19	46.84	45.1	43.32	38.94	41.74	35.93	35.55	26.15	25.43
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	8.84	22.26	3.86
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	9.52	27.31	7.39
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3.79	10.07	2.09
Total Debt/Equity (%)	1.14	0.76	- -	- -	- -	- -	- -	- -	- -	1.37	0.97	1.21	9.96	23.72	5.16
Total Debt/Capital (%)	1.53	0.87	- -	- -	- -	- -	- -	- -	- -	1.64	1.19	1.44	10.73	29.1	9.89
Total Debt/Total Assets (%)	0.71	0.46	- -	- -	- -	- -	- -	- -	- -	0.65	0.5	0.52	4.27	10.73	2.79
CFO/Total Liabilities	33.14	16.01	38.69	23.46	31.96	8.92	25.08	18.84	18.29	5.52	36.46	-10.84	5.62	21.88	42.31
CFO/CapEx	4.41	1.21	5.25	2.68	2.45	0.78	4.64	1.67	1.71	0.6	8.39	-1.33	0.59	3.72	5.01
Altman's Z-Score	4.83	4.38	4.93	5.09	4.58	4.21	4.36	4.26	3.73	2.99	3.15	2.41	2.96	3.86	4.06

Working Capital (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	8.27	7.61	7.96	7.58	7.54	7.2	7.5	7.82	7.97	8.82	6.87	7.23	7.15	7.2	7.21
Days Sales Outstanding	44.13	47.98	45.83	48.18	48.4	50.7	48.66	46.7	45.77	41.38	53.15	50.45	51.08	50.68	50.65
Inventory Turnover	8	7.39	7.4	7.37	7.45	6.69	6.55	6.56	5.7	5.68	4.49	4.74	4.25	4.14	4.6
Days Inventory Outstanding	45.63	49.41	49.36	49.5	49.02	54.54	55.76	55.68	64.03	64.28	81.37	77.08	85.93	88.07	79.33
Accounts Payable Turnover	13.04	12.17	10.43	10.01	9.6	9.45	9.33	9.44	9.45	10.32	7.92	9.51	8.59	9.11	9.85
Accounts Payable Turnover Days	28	29.99	34.98	36.45	38.02	38.62	39.13	38.66	38.62	35.38	46.06	38.38	42.48	40.07	37.07
Cash Conversion Cycle	61.77	67.39	60.2	61.23	59.4	66.62	65.3	63.72	71.18	70.28	88.46	89.15	94.52	98.68	92.9
Inventory to Cash Days	-1.5	-1.42	-3.53	-1.32	-0.62	-3.83	-7.1	-8.98	-18.26	-22.91	-28.22	-26.62	-34.85	-37.4	-28.68
Inventories	47	55	49	62	64	70	66	75	79	87	74	134	149	138	106
Raw Materials	19	25	21	28	28	28	25	31	31	35	30	71	82	67	46
Work In Process	8	11	9	12	8	6	7	9	8	12	10	14	14	14	10
Finished Goods	20	19	20	23	29	35	34	36	40	39	34	49	54	57	49
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	444	341	422	558	467	383	417	401	341	204	278	151	218	434	604
- Cash & Cash Equivalents	54	29	41	45	57	28	33	30	35	40	78	17	24	81	128
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	2	1	- -	- -	- -	- -	- -	- -	- -	2	2	2	20	57	14
Enterprise Value	369	288	358	488	384	330	352	336	279	164	202	133	214	409	490
Total Capital	152	168	161	173	182	169	166	162	151	148	158	161	186	195	142
Total Debt/Capital (%)	1.53	0.87	- -	- -	- -	- -	- -	- -	- -	1.64	1.19	1.44	10.73	29.1	9.89
Total Debt / EV	0.01	0.01	- -	- -	- -	- -	- -	- -	- -	0.01	0.01	0.02	0.09	0.14	0.03
EV/Sales	0.84	0.59	0.69	0.88	0.62	0.58	0.6	0.55	0.49	0.27	0.42	0.22	0.28	0.5	0.65
EV/EBITDA	9.42	10.35	7.74	9.56	8.28	16.96	10.36	11.12	20.05	9.36	5.91	6.82	4.98	3.84	13.19
EV/EBIT	18.9	27.99	11.69	13.35	12.28	132.15	22.82	26.99	- -	- -	11.8	32.75	8.24	4.7	27.8
EV/Cash Flow to Firm	8.9	14.18	7.01	13.42	7.16	24.54	8.9	11.04	9.43	32.7	3.04	- -	13.71	6.25	4.78
EV/Free Cash Flow to Firm	7.26	7.81	5.89	9.78	5.09	10.81	7.32	6.92	5.95	7.11	2.72	- -	5.22	4.97	4.01
Diluted Market Cap	453	344	426	570	477	387	419	404	341	205	279	152	219	440	604
Diluted Enterprise Value	401	316	385	525	420	358	386	375	305	167	203	137	215	415	490
EV per Share	8.91	6.87	8.46	11.38	8.83	7.5	7.98	7.56	6.21	3.65	4.49	2.93	4.71	8.91	10.31
TTM Sales	442	490	518	552	616	570	587	611	570	609	482	611	754	818	756
TTM EBITDA	39	28	46	51	46	19	34	30	14	18	34	19	43	106	37
TTM Operating Income	20	10	31	37	31	2	15	12	-5	- -	17	4	26	87	18
TTM Cash Flow to Firm	41	20	51	36	54	13	40	30	30	5	66	-27	16	65	103
TTM Free Cash Flow to Firm	51	37	61	50	75	30	48	49	47	23	74	-7	41	82	122

Multiples (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	8.93	9.42	7.05	11.46	6.33	12.75	8.75	8.34	7.27	7.09	3.76	-22.8	5.42	5.48	5.15
EV/EBIT	18.9	27.99	11.69	13.35	12.28	132.15	22.82	26.99	- -	- -	11.8	32.75	8.24	4.7	27.8
Enterprise Value	369	288	358	488	384	330	352	336	279	164	202	133	214	409	490
Low Price	7.3	7.83	6.32	9.6	9.8	6.56	5.92	8.54	7.14	4.09	3.69	3.32	1.46	4.7	9.45
EV/Sales	0.84	0.59	0.69	0.88	0.62	0.58	0.6	0.55	0.49	0.27	0.42	0.22	0.28	0.5	0.65
EV/EBITDA	9.42	10.35	7.74	9.56	8.28	16.96	10.36	11.12	20.05	9.36	5.91	6.82	4.98	3.84	13.19
Price/Earnings	31.17	40.15	18.54	25.15	22.36	185.69	40.35	72.02	- -	414.54	25.41	255.71	32.11	12.53	- -
Price/Earnings Average	32.21	47.67	17.23	24.14	25.29	200.08	37.45	76.28	-377.51	571.01	19.74	409.71	24.16	10.94	-65.38
Price/Earnings High	50.31	60.42	23.15	31.07	30.17	263.6	47.43	86.8	-474.11	729.12	29.77	551.87	39.18	16.47	-93.52
Price/Earnings Low	21.23	38.62	11.73	18.55	20.42	140.02	25.25	68.26	-334.83	375.11	15.19	253.42	9.75	6.23	-44.43
Price/Book Value	2.97	2.05	2.62	3.22	2.57	2.27	2.51	2.48	2.25	1.4	1.77	0.96	1.31	3.14	4.72
Price/Book Value Average	3.07	2.43	2.43	3.1	2.91	2.45	2.33	2.62	2.39	1.93	1.38	1.53	0.99	2.74	5.17
Price/Book Value High	4.8	3.08	3.27	3.98	3.47	3.22	2.95	2.98	3	2.47	2.08	2.06	1.6	4.13	7.4
Price/Book Value Low	2.03	1.97	1.66	2.38	2.35	1.71	1.57	2.35	2.12	1.27	1.06	0.95	0.4	1.56	3.52
Price/Tangible Book Value	2.24	1.84	2.31	2.85	2.28	2.07	2.25	2.16	1.95	1.23	1.52	0.83	1.11	1.85	2.25
Price/Tangible Book Value Average	2.32	2.19	2.14	2.74	2.58	2.23	2.09	2.28	2.07	1.69	1.18	1.33	0.84	1.61	2.47
Price/Tangible Book Value High	3.62	2.77	2.88	3.52	3.07	2.93	2.64	2.6	2.6	2.16	1.78	1.79	1.36	2.43	3.53
Price/Tangible Book Value Low	1.53	1.77	1.46	2.1	2.08	1.56	1.41	2.04	1.83	1.11	0.91	0.82	0.34	0.92	1.68
Price/Sales	1.01	0.7	0.81	1.01	0.76	0.67	0.71	0.66	0.6	0.33	0.58	0.25	0.29	0.53	0.8
Price/Sales Average	1.04	0.83	0.76	0.97	0.86	0.72	0.66	0.69	0.63	0.46	0.45	0.4	0.22	0.46	0.87
Price/Sales High	1.62	1.05	1.02	1.25	1.02	0.95	0.84	0.79	0.8	0.59	0.67	0.53	0.35	0.7	1.25
Price/Sales Low	0.68	0.67	0.52	0.75	0.69	0.51	0.45	0.62	0.56	0.3	0.34	0.25	0.09	0.26	0.59
Price/Cash Flow	10.74	17.01	8.32	15.43	8.73	28.81	10.59	13.19	11.53	18.83	4.19	-5.6	14.54	6.86	6.18
Price/Cash Flow Average	11.1	20.19	7.73	14.81	9.87	31.04	9.83	13.97	12.24	25.94	3.26	-8.97	10.94	5.99	6.77
Price/Cash Flow High	17.33	25.6	10.39	19.06	11.77	40.9	12.45	15.9	15.37	33.12	4.91	-12.08	17.74	9.01	9.69
Price/Cash Flow Low	7.31	16.36	5.27	11.38	7.97	21.73	6.63	12.5	10.86	17.04	2.51	-5.55	4.41	3.41	4.6
Price/Free Cash Flow Average	9.23	11.18	6.55	11	7.16	13.74	8.12	8.83	7.73	9.76	2.92	-36.53	4.08	4.79	5.65
Price/Free Cash Flow High	14.42	14.17	8.8	14.16	8.54	18.1	10.28	10.05	9.7	12.47	4.41	-49.21	6.61	7.21	8.08
Price/Free Cash Flow Low	6.08	9.06	4.46	8.45	5.78	9.61	5.47	7.9	6.85	6.41	2.25	-22.6	1.64	2.73	3.84
EV/Sales Average	0.92	0.77	0.68	0.89	0.76	0.67	0.6	0.65	0.57	0.4	0.29	0.37	0.21	0.43	0.72
EV/Sales High	1.5	0.99	0.94	1.17	0.93	0.9	0.78	0.74	0.74	0.53	0.52	0.51	0.35	0.67	1.1
EV/Sales Low	0.57	0.61	0.44	0.66	0.6	0.46	0.39	0.57	0.5	0.24	0.19	0.22	0.08	0.23	0.44
EV/EBITDA Average	10.39	13.55	7.61	9.62	10.14	19.76	10.44	13.04	23.46	13.81	4.09	11.71	3.73	3.33	14.74
EV/EBITDA High	16.97	17.45	10.53	12.63	12.34	26.49	13.48	14.98	30.12	18.23	7.3	16.04	6.11	5.13	22.4
EV/EBITDA Low	6.39	10.79	4.9	7.19	7.95	13.39	6.72	11.57	20.52	8.33	2.64	6.95	1.45	1.8	9.04
EV/EBIT Average	20.83	36.66	11.5	13.43	15.05	153.92	23	31.66	-69.01	-1,451.41	8.18	56.28	6.18	4.06	31.08
EV/EBIT High	34.04	47.2	15.9	17.64	18.31	206.39	29.69	36.36	-88.58	-1,916.25	14.59	77.08	10.11	6.26	47.23
EV/EBIT Low	12.82	29.18	7.4	10.04	11.8	104.31	14.82	28.08	-60.36	-875.42	5.28	33.41	2.4	2.19	19.06
Last Price	10.72	8.14	9.99	13.02	10.73	8.7	9.46	9.01	7.58	4.52	6.17	3.35	4.81	9.45	12.69
High Price	17.3	12.25	12.47	16.09	14.48	12.35	11.12	10.86	10.11	7.95	7.23	7.23	5.87	12.42	19.89
Enterprise Value Average	407	377	352	491	471	384	355	395	326	242	140	228	160	354	548
Enterprise Value High	665	485	487	645	573	515	458	453	419	320	250	312	263	545	833
Enterprise Value Low	250	300	227	367	369	260	229	350	285	146	90	135	62	191	336

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	42	42	42	43	44	44	44	44	45	45	45	45	44	46	49
Diluted Weighted Avg Shares	42	42	43	44	44	44	44	45	45	45	45	45	46	47	48
Basic Weighted Avg Shares	41	42	42	43	44	44	44	44	45	45	45	45	45	46	48
Revenue per Share	10.66	11.69	12.26	12.87	14.16	12.96	13.3	13.73	12.68	13.52	10.71	13.52	16.61	17.82	15.9
EBITDA per Share	0.95	0.66	1.09	1.19	1.07	0.44	0.77	0.68	0.31	0.39	0.76	0.43	0.95	2.32	0.78
Operating Income per Share	0.47	0.25	0.72	0.85	0.72	0.06	0.35	0.28	-0.11	- -	0.38	0.09	0.57	1.9	0.37
Basic EPS, GAAP	0.34	0.2	0.54	0.52	0.48	0.05	0.23	0.13	-0.02	0.01	0.24	0.01	0.15	0.75	-0.21
Basic EPS from Cont Ops	0.34	0.2	0.54	0.52	0.48	0.05	0.23	0.13	-0.02	0.01	0.24	0.01	0.15	0.75	-0.21
Diluted EPS, GAAP	0.34	0.2	0.53	0.51	0.47	0.05	0.23	0.12	-0.02	0.01	0.24	0.01	0.15	0.74	-0.21
Diluted EPS from Cont Ops	0.34	0.2	0.53	0.51	0.47	0.05	0.23	0.12	-0.02	0.01	0.24	0.01	0.15	0.74	-0.21
Dividend per Share	0.6	0.62	0.73	0.39	0.4	0.4	0.31	0.28	0.28	0.2	- -	- -	- -	- -	- -
Cash Flow per Share	1	0.48	1.2	0.84	1.23	0.3	0.89	0.68	0.66	0.24	1.47	-0.6	0.33	1.38	2.05
Free Cash Flow per Basic Share	0.77	0.08	0.97	0.53	0.73	-0.09	0.7	0.28	0.27	-0.16	1.3	-1.05	-0.23	1.01	1.64
Cash & Equivalents per Share	1.86	1.31	1.53	1.64	1.9	1.2	1.48	1.45	1.37	0.92	1.72	0.47	0.54	1.77	2.68
Book Value per Share	3.6	3.98	3.81	4.04	4.18	3.83	3.77	3.64	3.37	3.22	3.48	3.51	3.67	3.01	2.69
Tangible Book Value per Share	4.78	4.42	4.33	4.57	4.71	4.21	4.21	4.18	3.89	3.68	4.07	4.03	4.33	5.11	5.64

Daktronics, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)