Daktronics Intrinsic Value Calculator – Daktronics Sees Rapid Growth, But Order Backlogs Start to Shrink

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DAKTRONICS ($NASDAQ:DAKT) is a leading provider of integrated electronic display systems and services. The company has experienced tremendous growth in recent years, and has become a leader in the digital signage and display industry.

However, despite its recent success, it appears that the order backlog of DAKTRONICS is starting to shrink. This decrease in order backlogs could be attributed to the increasing competition in the digital signage and display space. As more companies enter the market, DAKTRONICS is finding it difficult to remain ahead of the competition and maintain their market share.

Additionally, the cost of components needed to produce their products are rising, putting further pressure on their margins. Despite these challenges, DAKTRONICS is well-positioned for long-term success. The company continues to invest in research and development, and is committed to providing quality products and services to their customers. They have also made strategic acquisitions and partnerships in order to expand their portfolio and reach new markets. With an experienced management team and strong financials, DAKTRONICS is poised to continue its success in the coming years.

Price History

On Wednesday, DAKTRONICS saw its stock open at $8.6 and close at the same price, up by 1.1% from its previous closing price of 8.5. This marks a further increase in price for the company, in what has been a period of significant growth.

However, this positive news was countered by reports that their order backlogs have been shrinking. This is likely to lead to a decrease in future revenue for the company, as fewer orders mean fewer orders being filled. While the future of DAKTRONICS is still uncertain, the company is still doing well overall and their current stock price reflects this. Daktronics_Sees_Rapid_Growth_But_Order_Backlogs_Start_to_Shrink”>Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Daktronics. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Daktronics. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Daktronics. More…

Key Ratios Snapshot

Some of the financial key ratios for Daktronics are shown below. More…

Analysis – Daktronics Intrinsic Value Calculator

At GoodWhale, we have conducted an analysis of DAKTRONICS’s fundamentals. Our proprietary Valuation Line suggests that the fair value of DAKTRONICS share is around $7.0. However, the stock is currently trading at $8.6, suggesting that the stock is overvalued by 23.6%. As an investor, it is important to be aware of this potential overvaluation and consider other factors before committing to any investments. Daktronics_Sees_Rapid_Growth_But_Order_Backlogs_Start_to_Shrink”>More…

Peers

In the world of electronic displays and control systems, there is intense competition between a handful of major companies. Daktronics Inc, a South Dakota-based company, is one of the leaders in the industry, with a comprehensive product line and a global reach. Its main competitors are Eastech Holding Ltd, ONO Sokki Co Ltd, and Zhejiang RuiYuan Intelligent Control Technology Co Ltd, all based in China. These companies are all vying for a share of the market, and each has its own strengths and weaknesses.

– Eastech Holding Ltd ($TWSE:5225)

Eastech Holding Ltd is a Singapore-based investment holding company. The Company, through its subsidiaries, is engaged in the design, manufacture and sale of plastic products and the provision of engineering services. The Company’s segments include Plastics, which is engaged in the design, manufacture and sale of plastic products; and Engineering, which is engaged in the provision of engineering services. The Company’s products include air coolers, air conditioners, plastic parts and components. The Company operates in Singapore, Malaysia, Thailand, the People’s Republic of China and the United States.

– ONO Sokki Co Ltd ($TSE:6858)

Nihon Sokki Co Ltd is a Japanese company that manufactures and sells scientific and industrial instruments. The company has a market cap of 3.98B as of 2022 and a return on equity of -1.71%. The company’s products include sensors, transducers, and measuring instruments. Nihon Sokki is a publicly traded company on the Tokyo Stock Exchange.

– Zhejiang RuiYuan Intelligent Control Technology Co Ltd ($SEHK:08249)

Zhejiang RuiYuan Intelligent Control Technology Co Ltd has a market cap of 42.5M as of 2022, a Return on Equity of -2.85%. The company provides intelligent control and automation solutions for a variety of industries, including the automotive, aerospace, and medical sectors. Its products are used in a variety of applications, such as engine management, vehicle stability control, and adaptive cruise control. The company has a strong research and development team that is constantly innovating new products and solutions to meet the ever-changing needs of its customers.

Summary

Daktronics is a fast-growing company that specializes in the provision of large-scale electronic display systems and services. Despite its rapid growth, the company’s order backlog is beginning to diminish, raising questions about its ability to sustain such high growth rates in the future. Investors should monitor the company’s order book, its new contracts, and any changes in customer demand to assess the company’s future prospects. It is also important to consider the competitive landscape and potential headwinds the company may face in its markets.