DY

Dycom Industries Inc

Industrial/Transportation


Presented:02/15/2018
Price:$115.28
Cap:$3.68B
Current Price:$187.99
Cap:$5.47B

Presented

Date02/15/2018
Price$115.28
Market Cap$3.68B
Ent Value$3.60B
P/E Ratio27.19x
Book Value$22.29
Div Yield0%
Shares O/S31.89M
Ave Daily Vol609,494
Short Int20.42%

Current

Price$187.99
Market Cap$5.47B
Dycom Industries, Inc. provides specialty contracting services throughout the United States and in Canada. The company's 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 also provides 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: AT&T Inc (T), Centurylink Inc (CTL), Dycom Industries Inc (DY), Quanta Services Inc (PWR), Verizon Communications Inc (VZ)

Highlights

The presenter is short shares of Dycom (DY), on the belief that DY’s ability to benefit from the telecom/5G capex cycle is more limited than the market perceives. Major telecom customers have been cutting capex, but DY’s current valuation has not reflected these cuts. Despite DY’s strong EBITDA growth, cash flows have remained challenged. As such, the presenter thinks DY’s current EBITDA multiple valuation is inflated and sees downside in DY shares as multiples return to historic levels.

  • 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.