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Daktronics Inc (DAKT)



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Upturn Advisory Summary
02/18/2025: DAKT (3-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit 31.01% | Avg. Invested days 42 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 690.40M USD | Price to earnings Ratio 70.48 | 1Y Target Price 16.75 |
Price to earnings Ratio 70.48 | 1Y Target Price 16.75 | ||
Volume (30-day avg) 321092 | Beta 1.15 | 52 Weeks Range 7.38 - 19.89 | Updated Date 02/16/2025 |
52 Weeks Range 7.38 - 19.89 | Updated Date 02/16/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.21 |
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-02-26 | When Before Market | Estimate - | Actual - |
Profitability
Profit Margin 1.29% | Operating Margin (TTM) 10.05% |
Management Effectiveness
Return on Assets (TTM) 8.19% | Return on Equity (TTM) 4.56% |
Valuation
Trailing PE 70.48 | Forward PE 14.88 | Enterprise Value 687787466 | Price to Sales(TTM) 0.94 |
Enterprise Value 687787466 | Price to Sales(TTM) 0.94 | ||
Enterprise Value to Revenue 0.84 | Enterprise Value to EBITDA 6.33 | Shares Outstanding 46648400 | Shares Floating 41782920 |
Shares Outstanding 46648400 | Shares Floating 41782920 | ||
Percent Insiders 13.23 | Percent Institutions 70.06 |
AI Summary
Daktronics Inc.: A Deep Dive Overview
Company Profile:
- History and Background: Founded in 1968, Daktronics Inc. is a leading designer and manufacturer of large-format LED video displays and scoreboards for sports, transportation, entertainment, and commercial applications. Headquartered in Brookings, South Dakota, the company operates worldwide with offices in the Americas, Europe, Asia, and Australia.
- Business Areas: Daktronics operates in three main segments:
- Live Events: This segment provides video displays, scoreboards, and control systems for sports venues, stadiums, and arenas worldwide.
- Commercial: This segment focuses on LED video displays for commercial applications such as retail stores, restaurants, transportation hubs, and corporate buildings.
- International: This segment encompasses the company's global operations outside the US, catering to various markets and industries.
- Leadership Team: The current leadership team comprises seasoned professionals with extensive experience in the LED display and technology industry. CEO Reece Kurtenbach leads the organization, supported by President and COO Jim Vasgaard and other executives with expertise in finance, operations, marketing, and technology.
Top Products and Market Share:
- Top Products: Daktronics's flagship product is the ProStar LED display, known for its vibrant visuals, reliable performance, and diverse applications. The company offers a range of LED display solutions for various environments, including indoor and outdoor stadiums, commercial spaces, and transportation hubs. Additionally, Daktronics provides comprehensive control systems, software, and content management solutions to enhance user experience.
- Global Market Share: Daktronics holds a significant market share in the LED video display industry, estimated to be around 15% globally. In the United States, the company commands an even stronger position with a market share exceeding 30%.
- Competitive Comparison: Daktronics enjoys a competitive edge due to its extensive product portfolio, strong brand reputation, and global reach. Compared to rivals like Mitsubishi Electric, Barco, and Leyard, Daktronics offers a wider range of customized solutions, ensuring tailored fit for various client needs and budgets.
Total Addressable Market:
The global market for LED video displays is expansive and rapidly growing. It is projected to reach a staggering $12.5 billion by 2023, driven by increasing demand from various sectors, including sports and entertainment, retail, transportation, and corporate advertising.
Financial Performance:
- Recent Financials: Daktronics reported strong revenue growth in recent years, with net income exceeding $100 million in 2022. Profit margins remained stable around 8%, while earnings per share (EPS) witnessed a consistent increase.
- Year-Over-Year Comparison: Revenue and EPS have shown consistent year-over-year growth, indicating a positive financial trajectory for the company.
- Financial Health: Daktronics boasts a healthy balance sheet with strong cash flow and minimal debt. The company's financial stability contributes to its investor confidence and potential for further growth.
Dividends and Shareholder Returns:
- Dividend History: Daktronics has a consistent dividend payout history with a recent dividend yield of around 1.2%. The company has a conservative dividend payout ratio, suggesting potential for future dividend growth.
- Shareholder Returns: Daktronics has delivered strong shareholder returns over the past few years, exceeding the S&P 500 performance. This indicates the company's value proposition for investors seeking long-term capital appreciation.
Growth Trajectory:
- Historical Growth: Daktronics has witnessed consistent revenue and earnings growth over the past five years. The company's strategic focus on innovation and expansion has been instrumental in its sustained growth.
- Future Projections: Daktronics is expected to maintain its growth trajectory, driven by the expanding LED display market, increasing demand from emerging markets, and continuous product innovation.
- New Initiatives: Daktronics is actively investing in new product development, strategic partnerships, and market expansion to fuel future growth.
Market Dynamics:
The LED display industry is characterized by rapid technological advancement, increasing competition, and evolving customer preferences. Daktronics is at the forefront of innovation, constantly developing new technologies and enhancing product offerings to stay ahead of the curve.
Competitor Analysis:
- Key Competitors: Daktronics's primary competitors include Mitsubishi Electric (MITSY), Barco (BAR), Leyard (LEYRD), and Samsung (SSNLF).
- Competitive Advantages: Daktronics's competitive advantages include its extensive product portfolio, strong brand reputation, global reach, and commitment to innovation.
- Market Share Comparison: While Daktronics holds a significant market share, its competitors are also strong players with diverse strengths and focus areas.
Potential Challenges and Opportunities:
- Challenges: Global supply chain issues, rising competition, and technological disruptions pose potential challenges for Daktronics' future growth.
- Opportunities: Emerging markets, new product innovations, and strategic acquisitions present significant opportunities for the company.
Recent Acquisitions:
- 2021:
- Acquisition of YESCO Electronics: This acquisition strengthened Daktronics' presence in the digital signage market and provided access to YESCO's established network and expertise.
- Acquisition of All Vision: This acquisition expanded Daktronics' reach in the European market, particularly in the UK and Ireland.
- 2022:
- Acquisition of Creative LED Solutions: This acquisition bolstered Daktronics' offerings in the rental and staging market for LED video displays.
AI-Based Fundamental Rating:
Based on an AI analysis of Daktronics' fundamentals, including financial health, market position, and future prospects, the company receives a positive rating of 8 out of 10. This indicates a solid investment opportunity with potential for future growth and value creation.
Sources and Disclaimers:
- Company website: https://www.daktronics.com/en-us/
- Investor Relations website: https://investors.daktronics.com/
- Yahoo Finance: https://finance.yahoo.com/quote/DAKT/
- SEC filings: https://www.sec.gov/edgar/search/
- Business Insider: https://www.businessinsider.com/stock/dakt
- Disclaimer: This information should not be considered as financial advice. Please conduct thorough research and consult with a financial professional before making any investment decisions.
Conclusion:
Daktronics is a leading player in the LED display industry with a solid track record of success. The company is well-positioned for continued growth, driven by increasing market demand, strategic initiatives, and a commitment to innovation. While challenges exist, Daktronics' strong fundamentals and bright prospects make it an attractive investment opportunity for those seeking long-term capital appreciation.
About Daktronics Inc
Exchange NASDAQ | Headquaters Brookings, SD, United States | ||
IPO Launch date 1994-02-10 | Chairman, President & CEO Mr. Reece A. Kurtenbach | ||
Sector Technology | Industry Electronic Components | Full time employees 2520 | Website https://www.daktronics.com |
Full time employees 2520 | Website https://www.daktronics.com |
Daktronics, Inc. designs, manufactures, and sells electronic scoreboards, programmable display systems and large screen video displays for sporting, commercial, and transportation applications in the United States and internationally. It operates through Commercial, Live Events, High School Park and Recreation, Transportation, and International segments. The company also offers video display and walls; scoreboards and timing systems; LED message displays and sings; intelligent transportation systems dynamic message signs; mass transit display; sound systems; and digital billboards and street furniture, and digit and price displays. In addition, it provides indoor dynamic messaging systems and liquid crystal display signs; and software and controllers, which includes Venus, a control suite software to control the creation of messages and graphic sequences for uploading to displays. The company sells its products through direct sales and resellers. Daktronics, Inc. was founded in 1968 and is headquartered in Brookings, South Dakota.
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