Daktronics Inc. /SD/ (DAKT) intrinsic value & 10-year financials
Daktronics Inc. /SD/ (DAKT) has a Graham intrinsic value of $9.50 per share. At $18.21 on Oct 17, 2026, the stock trades 92% above that value. Over the last 10 fiscal years revenue grew 3.2% a year to $756.5M, with an average return on invested capital of 6.7%.
- Graham intrinsic value
- $9.50
- Share price (Oct 17, 2026)
- $18.21
- Price vs Graham value
- 92% above
- Market cap
- $866.6M
- Revenue (FY2025)
- $756.5M
- Revenue growth (10-yr CAGR)
- 3.2%
- ROIC (10-yr avg)
- 6.7%
- Free cash flow (FY2025)
- $78.2M
DAKT 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $756.5M | -$10.1M | -$0.21 | $78.2M | 4.4% | 18.0% |
| FY2024 | $818.1M | $34.6M | $0.74 | $46.3M | 10.6% | 27.4% |
| FY2023 | $754.2M | $6.8M | $0.15 | -$10.4M | 2.8% | 5.6% |
| FY2022 | $611.0M | $592.0K | $0.01 | -$47.4M | 0.7% | 1.1% |
| FY2021 | $482.0M | $10.9M | $0.24 | $58.3M | 3.5% | 7.2% |
| FY2020 | $608.9M | $491.0K | $0.01 | -$7.3M | -0.0% | -0.0% |
| FY2019 | $569.7M | -$958.0K | -$0.02 | $12.3M | -0.8% | -1.2% |
| FY2018 | $610.5M | $5.6M | $0.12 | $12.2M | 2.0% | 3.1% |
| FY2017 | $586.5M | $10.3M | $0.23 | $30.9M | 2.6% | 5.1% |
| FY2016 | $570.2M | $2.1M | $0.05 | -$3.8M | 0.4% | 0.8% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
DAKTRONICS INC /SD/ has demonstrated mature, steady growth, with revenue compounding at 3.2% annually over the past decade.
DAKTRONICS INC /SD/ has historically struggled to out-earn its cost of capital, averaging just 6.7% ROIC.
DAKTRONICS INC /SD/ has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, DAKTRONICS INC /SD/ is modeled at 3.2% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $9.50 per share.