Douglas Dynamics Inc (PLOW) - Net Assets
Based on the latest financial reports, Douglas Dynamics Inc (PLOW) has net assets worth $275.33 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($694.94 Million) and total liabilities ($419.61 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check how resilient are Douglas Dynamics Inc's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $275.33 Million |
| % of Total Assets | 39.62% |
| Annual Growth Rate | 6.41% |
| 5-Year Change | 31.97% |
| 10-Year Change | 31.78% |
| Growth Volatility | 17.15 |
Douglas Dynamics Inc - Net Assets Trend (2007–2024)
This chart illustrates how Douglas Dynamics Inc's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Douglas Dynamics Inc for the complete picture of this company's asset base.
Annual Net Assets for Douglas Dynamics Inc (2007–2024)
The table below shows the annual net assets of Douglas Dynamics Inc from 2007 to 2024. For live valuation and market cap data, see PLOW stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $264.21 Million | +14.10% |
| 2023-12-31 | $231.56 Million | -2.34% |
| 2022-12-31 | $237.10 Million | +10.48% |
| 2021-12-31 | $214.61 Million | +7.20% |
| 2020-12-31 | $200.20 Million | -36.07% |
| 2019-12-31 | $313.16 Million | +10.75% |
| 2018-12-31 | $282.76 Million | +10.16% |
| 2017-12-31 | $256.68 Million | +16.43% |
| 2016-12-31 | $220.46 Million | +9.96% |
| 2015-12-31 | $200.50 Million | +15.70% |
| 2014-12-31 | $173.29 Million | +11.57% |
| 2013-12-31 | $155.32 Million | +1.03% |
| 2012-12-31 | $153.73 Million | -5.91% |
| 2011-12-31 | $163.39 Million | -3.60% |
| 2010-12-31 | $169.49 Million | +56.62% |
| 2009-12-31 | $108.22 Million | +10.36% |
| 2008-12-31 | $98.06 Million | +6.65% |
| 2007-12-31 | $91.94 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Douglas Dynamics Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 177.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $88.42 Million | 33.47% |
| Common Stock | $231.00K | 0.09% |
| Other Comprehensive Income | $5.47 Million | 2.07% |
| Other Components | $170.09 Million | 64.38% |
| Total Equity | $264.21 Million | 100.00% |
Douglas Dynamics Inc Competitors by Market Cap
The table below lists competitors of Douglas Dynamics Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Anadolu Hayat Emeklilik AS
IS:ANHYT
|
$978.50 Million |
|
AirAsia X Bhd
KLSE:5238
|
$978.80 Million |
|
Plymouth Industrial REIT Inc
NYSE:PLYM
|
$979.23 Million |
|
Vanjee Technology Co Ltd
SHE:300552
|
$979.31 Million |
|
BlackRock Technology and Private Equity Term Trust
NYSE:BTX
|
$978.03 Million |
|
Strait Innovation Internet Co Ltd
SHE:300300
|
$977.76 Million |
|
Hangzhou Pinming Software Co. Ltd. A
SHG:688109
|
$977.19 Million |
|
Guangzhou Hongli Opto Electron
SHE:300219
|
$976.90 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Douglas Dynamics Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 231,565,000 to 264,215,000, a change of 32,650,000 (14.1%).
- Net income of 56,151,000 contributed positively to equity growth.
- Dividend payments of 27,477,000 reduced retained earnings.
- Other comprehensive income decreased equity by 884,000.
- Other factors increased equity by 4,860,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $56.15 Million | +21.25% |
| Dividends Paid | $27.48 Million | -10.4% |
| Other Comprehensive Income | $-884.00K | -0.33% |
| Other Changes | $4.86 Million | +1.84% |
| Total Change | $- | 14.10% |
Book Value vs Market Value Analysis
This analysis compares Douglas Dynamics Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.00x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 7.05x to 4.00x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | $6.38 | $44.97 | x |
| 2008-12-31 | $6.55 | $44.97 | x |
| 2009-12-31 | $7.34 | $44.97 | x |
| 2010-12-31 | $8.79 | $44.97 | x |
| 2011-12-31 | $7.49 | $44.97 | x |
| 2012-12-31 | $7.00 | $44.97 | x |
| 2013-12-31 | $7.04 | $44.97 | x |
| 2014-12-31 | $7.81 | $44.97 | x |
| 2015-12-31 | $8.97 | $44.97 | x |
| 2016-12-31 | $9.81 | $44.97 | x |
| 2017-12-31 | $11.36 | $44.97 | x |
| 2018-12-31 | $12.45 | $44.97 | x |
| 2019-12-31 | $13.73 | $44.97 | x |
| 2020-12-31 | $8.76 | $44.97 | x |
| 2021-12-31 | $9.35 | $44.97 | x |
| 2022-12-31 | $10.35 | $44.97 | x |
| 2023-12-31 | $10.08 | $44.97 | x |
| 2024-12-31 | $11.24 | $44.97 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Douglas Dynamics Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 21.25%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.88%
- • Asset Turnover: 0.96x
- • Equity Multiplier: 2.23x
- Recent ROE (21.25%) is above the historical average (9.89%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | -1.15% | -0.75% | 0.37x | 4.09x | $-10.25 Million |
| 2008 | 11.70% | 6.37% | 0.46x | 3.99x | $1.67 Million |
| 2009 | 9.10% | 5.65% | 0.43x | 3.74x | $-979.20K |
| 2010 | 0.98% | 0.94% | 0.51x | 2.05x | $-15.29 Million |
| 2011 | 11.65% | 9.12% | 0.58x | 2.20x | $2.70 Million |
| 2012 | 3.91% | 4.29% | 0.41x | 2.20x | $-9.36 Million |
| 2013 | 7.49% | 5.99% | 0.53x | 2.35x | $-3.89 Million |
| 2014 | 23.06% | 13.17% | 0.63x | 2.77x | $22.63 Million |
| 2015 | 22.03% | 11.03% | 0.79x | 2.52x | $24.13 Million |
| 2016 | 17.69% | 9.37% | 0.62x | 3.05x | $16.96 Million |
| 2017 | 21.55% | 11.65% | 0.69x | 2.67x | $29.66 Million |
| 2018 | 15.53% | 8.38% | 0.78x | 2.39x | $15.63 Million |
| 2019 | 15.70% | 8.60% | 0.81x | 2.25x | $17.85 Million |
| 2020 | -43.23% | -18.03% | 0.83x | 2.89x | $-106.57 Million |
| 2021 | 14.30% | 5.67% | 0.95x | 2.67x | $9.23 Million |
| 2022 | 16.28% | 6.27% | 1.03x | 2.52x | $14.90 Million |
| 2023 | 10.24% | 4.18% | 0.96x | 2.56x | $566.50K |
| 2024 | 21.25% | 9.88% | 0.96x | 2.23x | $29.73 Million |
Industry Comparison
This section compares Douglas Dynamics Inc's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $1,685,140,722
- Average return on equity (ROE) among peers: 22.89%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Douglas Dynamics Inc (PLOW) | $275.33 Million | -1.15% | 1.52x | $978.32 Million |
| Advance Auto Parts Inc (AAP) | $1.03 Billion | 22.44% | 1.60x | $3.31 Billion |
| Adient PLC (ADNT) | $2.96 Billion | 37.46% | 2.64x | $1.57 Billion |
| Allison Transmission Holdings Inc (ALSN) | $1.87 Billion | 33.37% | 2.26x | $9.48 Billion |
| Autoliv Inc (ALV) | $2.42 Billion | 7.72% | 2.37x | $9.10 Billion |
| Aptiv PLC (APTV) | $4.01 Billion | 24.68% | 2.36x | $12.50 Billion |
| Atmus Filtration Technologies Inc. (ATMU) | $378.50 Million | 54.80% | 2.57x | $4.10 Billion |
| American Axle & Manufacturing (AXL) | $-419.60 Million | 0.00% | 0.00x | $1.36 Billion |
| AutoZone Inc (AZO) | $865.60 Million | 19.32% | 0.73x | $51.08 Billion |
| BorgWarner Inc (BWA) | $3.63 Billion | 17.19% | 0.90x | $12.58 Billion |
| China Automotive Systems Inc (CAAS) | $104.55 Million | 11.89% | 1.21x | $140.60 Million |
About Douglas Dynamics Inc
Douglas Dynamics, Inc. operates as a manufacturer and upfitter of commercial work truck attachments and equipment in North America. It operates through two segments, Work Truck Attachments and Work Truck Solutions. The Work Truck Attachments segment manufactures and sells snow and ice control attachments, including snowplows, and sand and salt spreaders for light trucks and heavy duty trucks, as … Read more