DUCOMMUN INC /DE/ (DCO) intrinsic value & 10-year financials
DUCOMMUN INC /DE/ (DCO) has a Graham intrinsic value of $32.03 per share. At $170.76 on Oct 17, 2026, the stock trades 433% above that value. Over the last 10 fiscal years revenue grew 4.6% a year to $824.7M, with an average return on invested capital of 4.7%.
- Graham intrinsic value
- $32.03
- Share price (Oct 17, 2026)
- $170.76
- Price vs Graham value
- 433% above
- Market cap
- $2.6B
- Revenue (FY2025)
- $824.7M
- Revenue growth (10-yr CAGR)
- 4.6%
- ROIC (10-yr avg)
- 4.7%
- Free cash flow (FY2025)
- -$48.6M
DCO 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $824.7M | -$33.9M | -$2.27 | -$48.6M | -3.9% | -2.8% |
| FY2024 | $786.6M | $31.5M | $2.10 | $20.1M | 6.6% | 5.2% |
| FY2023 | $757.0M | $15.9M | $1.14 | $11.5M | 3.8% | 3.6% |
| FY2022 | $712.5M | $28.8M | $2.33 | $13.0M | 5.6% | 4.9% |
| FY2021 | $645.4M | $135.5M | $11.06 | -$17.4M | 7.6% | 6.2% |
| FY2020 | $628.9M | $29.2M | $2.45 | $101.0K | 7.2% | 7.3% |
| FY2019 | $721.1M | $32.5M | $2.75 | $32.7M | 7.8% | 9.4% |
| FY2018 | $629.3M | $9.0M | $0.77 | $28.6M | 3.8% | 4.5% |
| FY2017 | $558.2M | $20.1M | $1.74 | $7.8M | 2.7% | 3.7% |
| FY2016 | $550.6M | $25.3M | $2.24 | $26.3M | 5.2% | 5.1% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
DUCOMMUN INC /DE/ has demonstrated mature, steady growth, with revenue compounding at 4.6% annually over the past decade.
DUCOMMUN INC /DE/ has historically struggled to out-earn its cost of capital, averaging just 4.7% ROIC.
Over the decade, DUCOMMUN INC /DE/ shows that the company has leveraged its balance sheet to sustain operations.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, DUCOMMUN INC /DE/ is modeled at 4.6% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $32.03 per share.