(DOV) Dover - Overview
Stock: Equipment, Components, Pumps, Refrigeration, Software
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 1.12% |
| Yield on Cost 5y | 1.84% |
| Yield CAGR 5y | 0.99% |
| Payout Consistency | 33.0% |
| Payout Ratio | 21.5% |
| Risk 5d forecast | |
|---|---|
| Volatility | 22.7% |
| Relative Tail Risk | -12.3% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.35 |
| Alpha | -5.93 |
| Character TTM | |
|---|---|
| Beta | 1.066 |
| Beta Downside | 1.105 |
| Drawdowns 3y | |
|---|---|
| Max DD | 26.59% |
| CAGR/Max DD | 0.56 |
Description: DOV Dover December 19, 2025
Dover Corporation (NYSE:DOV) is a diversified industrial technology company that designs, manufactures, and services equipment and components across six distinct segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions, Climate & Sustainability Technologies, and a legacy corporate services function.
The Engineered Products segment supplies vehicle-aftermarket lifts, diagnostics, and collision-repair tools, as well as aerospace-defense winches, hoists, and RF/microwave filters. The Clean Energy & Fueling segment focuses on safe storage and dispensing of fuels, cryogenic gases, and hazardous fluids, supporting retail fueling stations and vehicle-wash operations. Imaging & Identification offers precision marking, traceability, and digital textile printing solutions for consumer goods, pharma, and industrial markets. Pumps & Process Solutions manufactures specialty pumps, connectors, flow meters, and polymer-processing equipment. Climate & Sustainability Technologies produces commercial refrigeration systems, display cases, and brazed-plate heat exchangers for industrial and residential climate control.
Key financial snapshots (FY 2023) show total revenue of approximately $8.5 billion, with the Engineered Products and Climate & Sustainability Technologies segments each contributing roughly 25 % of sales. The company generated $1.2 billion in free cash flow and returned a dividend yielding about 2.5 % to shareholders, reflecting its emphasis on capital discipline and shareholder returns.
From a macro-economic perspective, Dover’s performance is tied to three primary drivers: (1) U.S. and global industrial capital-expenditure cycles, as measured by the PMI and infrastructure spending bills; (2) defense budget allocations that sustain demand for aerospace-and-military winch and hoist products; and (3) the accelerating transition to electric and alternative-fuel vehicles, which fuels growth in the Clean Energy & Fueling segment’s fueling infrastructure solutions.
Assuming current fiscal-year guidance holds, the company’s operating margin is expected to remain in the high-teens, but a slowdown in manufacturing activity or a significant drop in defense spending would materially pressure earnings. Conversely, a faster-than-expected rollout of EV charging and hydrogen-fuel stations could lift the Clean Energy segment’s top line by double-digit percentages.
For a deeper quantitative view of DOV’s valuation metrics, you might explore the ValueRay platform.
Piotroski VR‑10 (Strict, 0-10) 8.5
| Net Income: 1.09b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA 3.66 > 1.0 |
| NWC/Revenue: 24.57% < 20% (prev 29.54%; Δ -4.97% < -1%) |
| CFO/TA 0.10 > 3% & CFO 1.34b > Net Income 1.09b |
| Net Debt (1.65b) to EBITDA (1.86b): 0.89 < 3 |
| Current Ratio: 1.79 > 1.5 & < 3 |
| Outstanding Shares: last quarter (138.0m) vs 12m ago -0.19% < -2% |
| Gross Margin: 39.77% > 18% (prev 0.38%; Δ 3938 % > 0.5%) |
| Asset Turnover: 62.41% > 50% (prev 61.92%; Δ 0.49% > 0%) |
| Interest Coverage Ratio: 13.52 > 6 (EBITDA TTM 1.86b / Interest Expense TTM 109.8m) |
Altman Z'' 6.44
| A: 0.15 (Total Current Assets 4.51b - Total Current Liabilities 2.52b) / Total Assets 13.42b |
| B: 1.04 (Retained Earnings 14.01b / Total Assets 13.42b) |
| C: 0.11 (EBIT TTM 1.48b / Avg Total Assets 12.97b) |
| D: 1.23 (Book Value of Equity 7.41b / Total Liabilities 6.02b) |
| Altman-Z'' Score: 6.44 = AAA |
Beneish M -3.05
| DSRI: 0.97 (Receivables 1.37b/1.35b, Revenue 8.09b/7.75b) |
| GMI: 0.96 (GM 39.77% / 38.20%) |
| AQI: 1.03 (AQ_t 0.58 / AQ_t-1 0.56) |
| SGI: 1.04 (Revenue 8.09b / 7.75b) |
| TATA: -0.02 (NI 1.09b - CFO 1.34b) / TA 13.42b) |
| Beneish M-Score: -3.05 (Cap -4..+1) = AA |
What is the price of DOV shares?
Over the past week, the price has changed by +11.00%, over one month by +9.91%, over three months by +25.60% and over the past year by +10.52%.
Is DOV a buy, sell or hold?
- StrongBuy: 9
- Buy: 2
- Hold: 9
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the DOV price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 226 | 1% |
| Analysts Target Price | 226 | 1% |
| ValueRay Target Price | 245.5 | 9.8% |
DOV Fundamental Data Overview February 07, 2026
P/E Forward = 20.8333
P/S = 3.687
P/B = 4.075
P/EG = 1.9536
Revenue TTM = 8.09b USD
EBIT TTM = 1.48b USD
EBITDA TTM = 1.86b USD
Long Term Debt = 2.62b USD (from longTermDebt, last quarter)
Short Term Debt = 706.7m USD (from shortTermDebt, last quarter)
Debt = 3.33b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.65b USD (from netDebt column, last quarter)
Enterprise Value = 31.49b USD (29.84b + Debt 3.33b - CCE 1.68b)
Interest Coverage Ratio = 13.52 (Ebit TTM 1.48b / Interest Expense TTM 109.8m)
EV/FCF = 28.24x (Enterprise Value 31.49b / FCF TTM 1.11b)
FCF Yield = 3.54% (FCF TTM 1.11b / Enterprise Value 31.49b)
FCF Margin = 13.78% (FCF TTM 1.11b / Revenue TTM 8.09b)
Net Margin = 13.52% (Net Income TTM 1.09b / Revenue TTM 8.09b)
Gross Margin = 39.77% ((Revenue TTM 8.09b - Cost of Revenue TTM 4.87b) / Revenue TTM)
Gross Margin QoQ = 39.10% (prev 40.12%)
Tobins Q-Ratio = 2.35 (Enterprise Value 31.49b / Total Assets 13.42b)
Interest Expense / Debt = 0.85% (Interest Expense 28.1m / Debt 3.33b)
Taxrate = 19.31% (65.8m / 340.5m)
NOPAT = 1.20b (EBIT 1.48b * (1 - 19.31%))
Current Ratio = 1.79 (Total Current Assets 4.51b / Total Current Liabilities 2.52b)
Debt / Equity = 0.45 (Debt 3.33b / totalStockholderEquity, last quarter 7.41b)
Debt / EBITDA = 0.89 (Net Debt 1.65b / EBITDA 1.86b)
Debt / FCF = 1.48 (Net Debt 1.65b / FCF TTM 1.11b)
Total Stockholder Equity = 7.41b (last 4 quarters mean from totalStockholderEquity)
RoA = 8.44% (Net Income 1.09b / Total Assets 13.42b)
RoE = 14.76% (Net Income TTM 1.09b / Total Stockholder Equity 7.41b)
RoCE = 14.79% (EBIT 1.48b / Capital Employed (Equity 7.41b + L.T.Debt 2.62b))
RoIC = 11.46% (NOPAT 1.20b / Invested Capital 10.45b)
WACC = 8.92% (E(29.84b)/V(33.17b) * Re(9.84%) + D(3.33b)/V(33.17b) * Rd(0.85%) * (1-Tc(0.19)))
Discount Rate = 9.84% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -0.91%
[DCF Debug] Terminal Value 76.91% ; FCFF base≈901.3m ; Y1≈1.04b ; Y5≈1.45b
Fair Price DCF = 140.8 (EV 20.96b - Net Debt 1.65b = Equity 19.31b / Shares 137.2m; r=8.92% [WACC]; 5y FCF grow 17.42% → 2.90% )
EPS Correlation: 58.79 | EPS CAGR: 7.71% | SUE: 0.48 | # QB: 0
Revenue Correlation: -42.47 | Revenue CAGR: 0.61% | SUE: 0.20 | # QB: 0
EPS next Quarter (2026-03-31): EPS=2.27 | Chg30d=-0.077 | Revisions Net=-6 | Analysts=17
EPS current Year (2026-12-31): EPS=10.59 | Chg30d=-0.005 | Revisions Net=+4 | Growth EPS=+10.2% | Growth Revenue=+5.9%
EPS next Year (2027-12-31): EPS=11.48 | Chg30d=+0.148 | Revisions Net=+6 | Growth EPS=+8.4% | Growth Revenue=+4.5%