(DOV) Dover - Ratings and Ratios
Equipment, Components, Software, Pumps, Refrigeration
Dividends
| Dividend Yield | 1.09% |
| Yield on Cost 5y | 1.82% |
| Yield CAGR 5y | 1.00% |
| Payout Consistency | 30.5% |
| Payout Ratio | 22.3% |
| Risk via 10d forecast | |
|---|---|
| Volatility | 20.3% |
| Value at Risk 5%th | 30.2% |
| Relative Tail Risk | -9.53% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.20 |
| Alpha | -20.67 |
| CAGR/Max DD | 0.49 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.509 |
| Beta | 1.054 |
| Beta Downside | 1.132 |
| Drawdowns 3y | |
|---|---|
| Max DD | 26.59% |
| Mean DD | 7.69% |
| Median DD | 7.59% |
Description: DOV Dover October 16, 2025
Dover Corporation (NYSE:DOV) is a diversified industrial manufacturer that delivers equipment, components, consumables, aftermarket parts, software, and digital solutions across six primary segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions, Climate & Sustainability Technologies, and a legacy focus on aftermarket support services.
The Engineered Products segment serves vehicle aftermarket, aerospace & defense, industrial winch & hoist, and fluid dispensing markets, offering everything from vehicle lift systems and diagnostic tools to radio-frequency filters and soldering equipment. The Clean Energy & Fueling segment provides storage and transport solutions for fuel, cryogenic gases, and hazardous fluids, as well as retail fueling and vehicle-wash infrastructure. Imaging & Identification supplies precision marking, traceability, and digital textile printing tools for consumer goods, pharma, and industrial manufacturers. Pumps & Process Solutions manufactures specialty pumps, connectors, flow meters, and polymer-processing equipment, while Climate & Sustainability Technologies produces refrigeration systems, display cases, and brazed-plate heat exchangers for commercial and residential climate control.
Financially, Dover reported FY 2023 revenue of roughly **$8.5 billion** with an operating margin of **~9 %**, reflecting steady demand in its aerospace and clean-energy lines. The company’s free cash flow conversion has averaged **~75 %** of earnings over the past three years, supporting a dividend yield near **3.5 %** and a modest share-repurchase program. Its balance sheet remains strong, with a debt-to-EBITDA ratio of **≈2.2×**, indicating manageable leverage for a capital-intensive business.
Key macro drivers include: (1) **U.S. defense spending**, which underpins the Engineered Products segment’s aerospace orders; (2) the **electrification of transportation and growth of alternative-fuel infrastructure**, boosting demand for Clean Energy & Fueling solutions; and (3) **global refrigeration efficiency standards**, which fuel the Climate & Sustainability Technologies segment’s product upgrades. Conversely, a slowdown in vehicle aftermarket activity or tighter credit conditions could pressure earnings.
For a deeper quantitative view of DOV’s valuation metrics and scenario analysis, the ValueRay platform offers a free dashboard that can help you test your assumptions.
Piotroski VR‑10 (Strict, 0-10) 5.5
| Net Income (2.25b TTM) > 0 and > 6% of Revenue (6% = 475.4m TTM) |
| FCFTA 0.04 (>2.0%) and ΔFCFTA -4.99pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 28.99% (prev 17.15%; Δ 11.84pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.06 (>3.0%) and CFO 785.3m <= Net Income 2.25b (YES >=105%, WARN >=100%) |
| Net Debt (1.52b) to EBITDA (1.81b) ratio: 0.84 <= 3.0 (WARN <= 3.5) |
| Current Ratio 2.04 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (138.0m) change vs 12m ago -0.14% (target <= -2.0% for YES) |
| Gross Margin 39.67% (prev 37.85%; Δ 1.82pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 62.55% (prev 66.50%; Δ -3.95pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 13.16 (EBITDA TTM 1.81b / Interest Expense TTM 109.9m) >= 6 (WARN >= 3) |
Altman Z'' 7.86
| (A) 0.17 = (Total Current Assets 4.50b - Total Current Liabilities 2.21b) / Total Assets 13.42b |
| (B) 1.04 = Retained Earnings (Balance) 14.01b / Total Assets 13.42b |
| warn (B) unusual magnitude: 1.04 — check mapping/units |
| (C) 0.11 = EBIT TTM 1.45b / Avg Total Assets 12.67b |
| (D) 2.44 = Book Value of Equity 14.06b / Total Liabilities 5.76b |
| Total Rating: 7.86 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 62.61
| 1. Piotroski 5.50pt |
| 2. FCF Yield 2.11% |
| 3. FCF Margin 7.17% |
| 4. Debt/Equity 0.40 |
| 5. Debt/Ebitda 0.84 |
| 6. ROIC - WACC (= 2.12)% |
| 7. RoE 30.80% |
| 8. Rev. Trend -45.75% |
| 9. EPS Trend 62.92% |
What is the price of DOV shares?
Over the past week, the price has changed by +3.14%, over one month by +6.67%, over three months by +7.81% and over the past year by -4.23%.
Is DOV a buy, sell or hold?
- Strong Buy: 9
- Buy: 2
- Hold: 9
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the DOV price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 215.1 | 12.5% |
| Analysts Target Price | 215.1 | 12.5% |
| ValueRay Target Price | 206.2 | 7.9% |
DOV Fundamental Data Overview December 03, 2025
P/E Trailing = 24.1056
P/E Forward = 17.5131
P/S = 3.2004
P/B = 3.3162
P/EG = 2.304
Beta = 1.312
Revenue TTM = 7.92b USD
EBIT TTM = 1.45b USD
EBITDA TTM = 1.81b USD
Long Term Debt = 2.67b USD (from longTermDebt, last quarter)
Short Term Debt = 400.6m USD (from shortTermDebt, last quarter)
Debt = 3.07b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.52b USD (from netDebt column, last quarter)
Enterprise Value = 26.88b USD (25.36b + Debt 3.07b - CCE 1.55b)
Interest Coverage Ratio = 13.16 (Ebit TTM 1.45b / Interest Expense TTM 109.9m)
FCF Yield = 2.11% (FCF TTM 568.1m / Enterprise Value 26.88b)
FCF Margin = 7.17% (FCF TTM 568.1m / Revenue TTM 7.92b)
Net Margin = 28.37% (Net Income TTM 2.25b / Revenue TTM 7.92b)
Gross Margin = 39.67% ((Revenue TTM 7.92b - Cost of Revenue TTM 4.78b) / Revenue TTM)
Gross Margin QoQ = 40.12% (prev 39.92%)
Tobins Q-Ratio = 2.00 (Enterprise Value 26.88b / Total Assets 13.42b)
Interest Expense / Debt = 0.89% (Interest Expense 27.2m / Debt 3.07b)
Taxrate = 21.48% (83.0m / 386.2m)
NOPAT = 1.14b (EBIT 1.45b * (1 - 21.48%))
Current Ratio = 2.04 (Total Current Assets 4.50b / Total Current Liabilities 2.21b)
Debt / Equity = 0.40 (Debt 3.07b / totalStockholderEquity, last quarter 7.66b)
Debt / EBITDA = 0.84 (Net Debt 1.52b / EBITDA 1.81b)
Debt / FCF = 2.67 (Net Debt 1.52b / FCF TTM 568.1m)
Total Stockholder Equity = 7.30b (last 4 quarters mean from totalStockholderEquity)
RoA = 16.75% (Net Income 2.25b / Total Assets 13.42b)
RoE = 30.80% (Net Income TTM 2.25b / Total Stockholder Equity 7.30b)
RoCE = 14.52% (EBIT 1.45b / Capital Employed (Equity 7.30b + L.T.Debt 2.67b))
RoIC = 11.02% (NOPAT 1.14b / Invested Capital 10.31b)
WACC = 8.91% (E(25.36b)/V(28.43b) * Re(9.90%) + D(3.07b)/V(28.43b) * Rd(0.89%) * (1-Tc(0.21)))
Discount Rate = 9.90% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -0.91%
[DCF Debug] Terminal Value 73.06% ; FCFE base≈780.4m ; Y1≈840.3m ; Y5≈1.03b
Fair Price DCF = 96.03 (DCF Value 13.17b / Shares Outstanding 137.2m; 5y FCF grow 8.63% → 3.0% )
EPS Correlation: 62.92 | EPS CAGR: 10.86% | SUE: 2.41 | # QB: 1
Revenue Correlation: -45.75 | Revenue CAGR: 1.17% | SUE: -0.33 | # QB: 0
EPS next Quarter (2026-03-31): EPS=2.33 | Chg30d=+0.034 | Revisions Net=+5 | Analysts=11
EPS next Year (2026-12-31): EPS=10.60 | Chg30d=+0.204 | Revisions Net=+15 | Growth EPS=+10.6% | Growth Revenue=+5.6%
Additional Sources for DOV Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle