DY

Dycom Industries Inc

Industrial/Transportation


Presented:12/21/2016
Price:$81.72
Cap:$2.63B
Current Price:$187.99
Cap:$5.47B

Presented

Date12/21/2016
Price$81.72
Market Cap$2.63B
Ent Value$3.20B
P/E Ratio17.58x
Book Value$19.51
Div Yield0%
Shares O/S32.20M
Ave Daily Vol839,638
Short Int22.80%

Current

Price$187.99
Market Cap$5.47B
Dycom Industries, Inc. provides specialty contracting services throughout the United States and in Canada. Its services include engineering, construction, maintenance and installation services to telecommunications providers, underground facility locating services to various utilities, including other construction and maintenance services to electric and gas utilities, and others. It's also provides services include the placement and splicing of fiber, copper, and coaxial cables. The company was founded in 1969 and is headquartered in Palm Beach Gardens, FL.

Publicly traded companies mentioned herein: Alphabet Inc (GOOGL), AT&T Inc (T), Comcast Corporation (CMCSA), Dycom Industries Inc (DY), Verizon Communications Inc (VZ)

Highlights

Dycom Industries (DYI) stands to benefit from an acceleration of capex by major US-based telecom and cable operators as fiber continues to be deployed to meet growing demand for bandwidth. The presenter is bullish on fiber-related capex, and is long the stock in the low $80s and thinks the entry point is attractive after shares sold-off on the news that Google was pulling back on its fiber rollout. He expects to realize at least 35% upside based on applying an 18x multiple to consensus EPS estimate of ~$6 per share in 2018. And, there is far greater upside potential if a more bullish scenario plays out that includes tax reform - DY is a 37.5% payer - and greater multiple expansion. 

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Request access to DeMatteo Research for full access

Request Access

Already have an account?

Idea Discussion

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Idea Discussions display submitted commentary from our investor community.

To read and participate in the discussion with the presenter and investor base, request access to DeMatteo

Request Access

Already have an account?

An error occurred loading this content. Try again later or contact us.