Daktronics, Inc. (DAKT) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-31.5%

$13.10

vs $19.12 price

Levered DCF

$31.31

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

4.63

Safe zone

Rating

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	21.18×	-60.43×	12.6×	31.8×	255.73×	25.71×	414.68×	-355.87×
P/B	3.18×	2.22×	1.82×	1.08×	0.79×	1.43×	1.15×	1.81×
P/S	1.14×	0.8×	0.53×	0.29×	0.25×	0.58×	0.33×	0.6×
EV / EBITDA	11.03×	36.01×	3.84×	4.95×	8.27×	5.91×	9.43×	23.21×
Gross margin	27.3%	25.8%	27.2%	20.1%	19.1%	25.0%	22.8%	22.9%
Operating margin	7.3%	4.4%	10.6%	3.4%	0.7%	3.5%	0.0%	-0.8%
Net margin	5.4%	-1.3%	4.2%	0.9%	0.1%	2.3%	0.1%	-0.2%
Current ratio	2.31×	2.22×	2.09×	1.63×	1.49×	1.81×	1.73×	1.89×
Debt / equity	0.06×	0.06×	0.24×	0.1×	0.01×	0.01×	0.01×	0.09×
Interest coverage	25.06×	7.38×	17.61×	23.04×	0×	57.99×	0.92×	-29.9×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	4.4%	3.7%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	1831.8%	-1310.4%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	15.1%	-3.7%	14.5%	3.4%	0.3%	5.6%	0.3%	-0.5%
Return on invested capital	13.0%	9.9%	16.5%	5.1%	0.9%	5.8%	-2.3%	-0.4%
Return on assets	8.2%	-2.0%	6.6%	1.5%	0.1%	2.9%	0.1%	-0.3%
Free cash flow yield	3.6%	13.0%	10.7%	-4.8%	-31.3%	21.0%	-3.6%	3.6%
Earnings yield	4.7%	-1.7%	8.0%	3.1%	0.4%	3.9%	0.2%	-0.3%
Enterprise value	$843.2M	$493.2M	$409.1M	$212.6M	$136.5M	$201.9M	$165.6M	$321.5M
Net debt / EBITDA	-1.48×	-8.08×	-0.23×	-0.09×	-0.9×	-2.21×	-2.16×	-1.38×
Cash conversion cycle (days)	110	106	125	126	130	112	97	94