Business Analysis of Dover

 Analyze Historical Performance, Strategic Priorities, And Business Improvement Opportunities of Dover

Business Overview

Dover Corporation manufactures and sells a range of equipment and components, specialty systems, software and digital solutions, and support services worldwide. The company operates in four segments: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Energy segment provides solutions and services for the production and processing of fuels to drilling and production, bearings and compression, and automation end markets. The Engineered Systems segment offers precision marking and coding, digital textile printing, soldering and dispensing equipment, and related consumables and services; and automation components, including manual clamps, power clamps, rotary and linear mechanical indexers, conveyors, pick and place units, glove ports, and manipulators, as well as end-of-arm robotic grippers, slides, and end effectors for fast-moving consumer goods, digital textile printing, vehicle service, environmental solutions, and industrials end markets. The Fluids segment focuses on the safe handling of critical fluids across the retail fueling, chemical, hygienic, oil and gas, and industrial markets. This segment also manufactures connectors for use in various bio-processing applications; and pumps and compressors that are used to transfer liquid and bulk products in various markets, including refined fuels, LPG, food/sanitary, transportation, and chemical process industries. The Refrigeration & Food Equipment segment manufactures refrigeration systems, refrigeration display cases, specialty glass, commercial glass refrigerator and freezer doors, and brazed heat exchangers; and electrical distribution products and engineering services, commercial food service equipment, cook-chill production systems, custom food storage and preparation products, kitchen ventilation systems, conveyer systems, and beverage can-making machinery. The company was founded in 1947 and is headquartered in Downers Grove, Illinois.

Dover

Dover


R&P Rank: 399
Sector: Industrial Goods & Services
Industry:Industrial Machinery
H.Q Location:Illinois
Website: www.dovercorporation.com
Company Address:
3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Ph:630-541-1540

Business Analysis of Dover

The Industrial Goods & Services Sector is witnessing a major shakeup, new age business models in the industry are transforming both customers and businesses. Faced with this uncertainity, companies are investing resources to transform their business. An in-depth business analysis is a valuable resource to identify and articulate the need for a business model change. At R&P Research we believe, the starting point for a business analysis is Benchmarking. Business benchmarking can be done at various levels: 1) Industry Benchmarking 2) Peer Benchmarking 3) Disruptors Benchmarking. In this report, we share the snapshot of how Dover compares against the industry on the major performance indicators. This analysis, along with peer group/disruptors benchmarking and revenue model understanding can help identify growth and cost optimization opportunities to maximize the value delivered by Dover to its stakeholders. R&P Research Industry Intelligence Platform provides historical data for last 15 years with an easy to use benchmarking interface for an in-depth comparative business analysis.

Here is the performance snapshot of Dover with an interactive chart.

  1. Revenue Growth: Dover reported a revenue growth of -2.3% year-on-year during 2016. Industrial Machinery Industry grew at -3.7% in the same period
  2. COGS share of Revenues: As a percentage of revenue, Dover spent 63.6% of its total revenues on COGS. Industrial Machinery industry average (COGS share of revenue) in the same period was 67.3%
  3. R&D share of Revenues: Dover R&D share of Revenues details are not available because either company does not share the data or we do not have it
  4. SG&A share of Revenues: As a percentage of revenue, Dover spent 25.9% of its total revenues on Sales, Marketing, and General Administration (SG&A). Industrial Machinery industry average SG&A spending in the same period was 20.4%
  5. Inventory share of Revenues: As a percentage of revenue, Dover spent 12.8% of its total revenues on Inventories. Industrial Machinery industry average Inventory spending in the same period was 14.0%
  6. Accounts Payable share of Revenues: As a percentage of revenue, Dover invested 12.2% of its total revenues on Accounts Payable (A/P) Industrial Machinery industry average Accounts Payable investment in the same period was 9.4%
  7. Accounts Receivable share of Revenues: As a percentage of revenue, Dover invested 18.6% of its total revenues on Accounts Receivable (A/R). Industrial Machinery industry average Accounts Receivable investment in the same period was 16.2%
  8. PP&E share of Revenues: As a percentage of revenue, Dover invested 13.9% of its total revenues on Property, Plants, and Equipments (PP&E). Industrial Machinery industry average PPE investment in the same period was 15.0%
  9. Intangibles share of Revenues: As a percentage of revenue, Dover invested 93.7% of its total revenues on Intangibles. Industrial Machinery industry average Intangibles investment in the same period was 46.7%
  10. Net Margins: Dover Net Margins in the year 2016 were 7.5%. Industrial Machinery industry average Net Margins in the same period were 4.7%

Sector and Industry Association of Dover

For the purpose of performance benchmarking of a company with a sector or industry average, R&P Research associates every company with one sector and one industry. An industry consists of companies with related/similar business models. A sector comprises of a group of related/similar industries. For high-level analysis purposes, related/similar sectors are grouped into sector groups.

Dover is associated with Industrials Sector Group, Industrial Goods & Services Sector, and Industrial Machinery Industry.

Industrial Goods & Services sector is comprised of the following industries: Industrial Conglomerates; Industrial Machinery; Electrical Components & Equipment; Electronic Equipment & Parts; Containers & Packaging. The definitions for each of the industries is as follows:

  • Industrial Conglomerates industry includes Industrial companies engaged in three or more classes of business within the Industrial industry that differ substantially from each other.
  • Industrial Machinery industry includes designers, manufacturers, distributors and installers of industrial machinery and factory equipment, such as machine tools, lathes, presses and assembly line equipment. It also includes makers of pollution control equipment, castings, pressings, welded shapes, structural steelwork, compressors, pumps, bearings, elevators and escalators.
  • Electrical Components & Equipment industry consists of manufacturers and distributors of electrical parts for finished products, such as printed circuit boards for radios, televisions and other consumer electronics. It also includes makers of cables, wires, ceramics, transistors, electric adapters, fuel cells and security cameras. Manufacturers of Electric motors and generators and mechanical motion control products are also part of this industry.
  • Electronic Equipment & Parts industry includes companies offering Manufacturing and Design services for Engineered Components and Products used in different industries. Companies providing Laser-based manufacturing products are part of this industry.
  • Containers & Packaging industry includes producers and distributors of cardboard, bags, boxes, cans, drums, bottles, jars and glass used for packaging. Specialty Packaging Products and Pressure-Sensitive Materials producers are also part of this industry.

Industry Ranking of Dover

With $6.8 billion revenues, Dover ranked number 6 of all the companies in the US Industrial Machinery industry. There were a total of 92 public companies in the US Industrial Machinery industry that had revenues greater than $50 million during 2016.

The top-10 companies in the US Industrial Machinery industry by revenues during 2016 were:

  1. Stanley Black & Decker ($11.4 billion)
  2. Parker Hannifin ($11.4 billion)
  3. W. W. Grainger ($10.1 billion)
  4. AGCO ($7.4 billion)
  5. WESCO International ($7.3 billion)
  6. Dover ($6.8 billion)
  7. Fortive ($6.2 billion)
  8. Pentair ($4.9 billion)
  9. Flowserve ($4 billion)
  10. Xylem ($3.8 billion)

Business Model Analysis (BMA) Framework

We use the following framework to assess the business model of a company. Business Model Analysis framework can be used by organizations to articulate growth strategies and identify cost optimization opportunities. Technology and consulting companies can use this framework to identify the value drivers and pain points of their targeted customers. Entrepreneurs can use this framework to understand the language of business and identify promising business opportunities. This framework can be used by any professional aspiring to take up a leadership role to better understand the businesses challenges, articulate growth strategy, and monitor the business improvement requirements for the organization.

Next Steps

  • Conduct a holistic benchmarking; to identify and target additional sources of value
  • Get in touch with us to learn more about Business Model Analysis Framework
  • Get free data, charts, and analysis of Doverand its peers on select key performance indicators by clicking the reports provided below

Industry Peers and Competitors of dover

W. W. Grainger (GWW) Business Analysis – Analyze Historical Performance, Strategic...

Grainger W W Inc with $10 billion revenues in the year 2016 was the number 3 Industrial Machinery company. Read this report to know the top competitors of W. W. Grainger and identify growth and cost optimization opportunities of W. W. Grainger

AGCO (AGCO) Business Analysis – Analyze Historical Performance, Strategic Priorities, And...

AGCO Corp with $7 billion revenues in the year 2016 was the number 4 Industrial Machinery company. Read this report to know the top competitors of AGCO and identify growth and cost optimization opportunities of AGCO

WESCO International (WCC) Business Analysis – Analyze Historical Performance, Strategic Priorities,...

WESCO International Inc with $7 billion revenues in the year 2016 was the number 5 Industrial Machinery company. Read this report to know the top competitors of WESCO International and identify growth and cost optimization opportunities of WESCO International

Fortive (FTV) Business Analysis – Analyze Historical Performance, Strategic Priorities, And...

Fortive Corp with $6 billion revenues in the year 2016 was the number 7 Industrial Machinery company. Read this report to know the top competitors of Fortive and identify growth and cost optimization opportunities of Fortive

Pentair (PNR) Business Analysis – Analyze Historical Performance, Strategic Priorities, And...

Pentair Plc with $5 billion revenues in the year 2016 was the number 8 Industrial Machinery company. Read this report to know the top competitors of Pentair and identify growth and cost optimization opportunities of Pentair

Flowserve (FLS) Business Analysis – Analyze Historical Performance, Strategic Priorities, And...

Flowserve Corp with $4 billion revenues in the year 2016 was the number 9 Industrial Machinery company. Read this report to know the top competitors of Flowserve and identify growth and cost optimization opportunities of Flowserve

Revenues Analysis

Dover (DOV) Revenues And Revenue Growth From 2012 To 2016

This report provides the last five years revenues and revenue growth of Dover Corp (DOV) from 2012 to 2016. Dover generated a total of $6.8 billion revenues during 2016. Dover reported a revenue growth of -2.3% year-over-year during 2016. The revenues and the revenue growth correspond to the fiscal year ending in December.

Dover (DOV) Revenues And Revenue Growth From 2002 To 2016

This report provides the last fifteen years revenues and revenue growth of Dover Corp (DOV) from 2002 to 2016. Dover generated a total of $6.8 billion revenues during 2016. Dover reported a revenue growth of -2.3% year-over-year during 2016. The revenues and the revenue growth correspond to the fiscal year ending in December.

Dover (DOV) Revenue Growth Comparison With Industry Growth From 2012 To...

This report provides a comparison of Dover Corp (DOV) revenue growth with Industrial Machinery industry growth during the last five years from 2012 to 2016. Dover reported a revenue growth of -2.3% year-over-year during 2016. The Industrial Machinery industry growth was -3.7% year-over-year during 2016. Dover growth was faster than the industry during 2016.

Profit Analysis