(DORM) Dorman Products - Overview
Sector: Consumer Cyclical | Industry: Auto Parts | Exchange: NASDAQ (USA) | Market Cap: 3.056m USD | Total Return: -5.8% in 12m
Industry Rotation: +10.7
Avg Turnover: 28.1M USD
Peers RS (IBD): 18.1
EPS Trend: 76.7%
Qual. Beats: 0
Rev. Trend: 88.3%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Dorman Products, Inc. supplies replacement parts and upgrade components for the automotive aftermarket, operating across Light Duty, Heavy Duty, and Specialty Vehicle segments. The company distinguishes its portfolio through OE FIX solutions, a strategy that involves re-engineering original equipment components to address known design flaws or improve durability. This approach targets the essential repair needs of an aging vehicle fleet, offering an alternative to sourcing parts directly from original equipment manufacturers.
The company distributes a comprehensive catalog of engine, chassis, body, and electronics products under brands such as DORMAN, Dayton Parts, and SuperATV. Specific offerings range from intake manifolds and control arms to complex remanufactured modules and fasteners. Investors can find further analysis of Dormans financials on ValueRay.
- Aftermarket demand for vehicle repair and maintenance drives sales
- Raw material cost fluctuations impact profit margins
- New product development expands market share and revenue
- Vehicle parc aging increases demand for replacement parts
- Acquisition strategy contributes to revenue growth and market diversification
| Net Income: 204.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA -4.87 > 1.0 |
| NWC/Revenue: 48.29% < 20% (prev 40.11%; Δ 8.18% < -1%) |
| CFO/TA 0.05 > 3% & CFO 113.6m > Net Income 204.2m |
| Net Debt (583.6m) to EBITDA (359.8m): 1.62 < 3 |
| Current Ratio: 3.09 > 1.5 & < 3 |
| Outstanding Shares: last quarter (30.8m) vs 12m ago -0.08% < -2% |
| Gross Margin: 41.89% > 18% (prev 0.40%; Δ 4.15k% > 0.5%) |
| Asset Turnover: 86.64% > 50% (prev 82.87%; Δ 3.77% > 0%) |
| Interest Coverage Ratio: 10.64 > 6 (EBITDA TTM 359.8m / Interest Expense TTM 28.6m) |
| A: 0.41 (Total Current Assets 1.52b - Total Current Liabilities 492.8m) / Total Assets 2.49b |
| B: 0.54 (Retained Earnings 1.34b / Total Assets 2.49b) |
| C: 0.12 (EBIT TTM 304.0m / Avg Total Assets 2.46b) |
| D: 1.32 (Book Value of Equity 1.34b / Total Liabilities 1.02b) |
| Altman-Z'' Score: 6.68 = AAA |
| DSRI: 0.79 (Receivables 479.3m/573.8m, Revenue 2.13b/2.01b) |
| GMI: 0.96 (GM 41.89% / 40.13%) |
| AQI: 0.87 (AQ_t 0.28 / AQ_t-1 0.32) |
| SGI: 1.06 (Revenue 2.13b / 2.01b) |
| TATA: 0.04 (NI 204.2m - CFO 113.6m) / TA 2.49b) |
| Beneish M-Score: -3.24 (Cap -4..+1) = AA |
Over the past week, the price has changed by +0.93%, over one month by -1.44%, over three months by -17.24% and over the past year by -5.82%.
- StrongBuy: 0
- Buy: 3
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 153.4 | 44.4% |
P/E Forward = 12.1951
P/S = 1.4344
P/B = 2.0537
P/EG = 1.1703
Revenue TTM = 2.13b USD
EBIT TTM = 304.0m USD
EBITDA TTM = 359.8m USD
Long Term Debt = 402.4m USD (from longTermDebt, last quarter)
Short Term Debt = 37.5m USD (from shortTermDebt, last quarter)
Debt = 633.0m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 583.6m USD (from netDebt column, last quarter)
Enterprise Value = 3.64b USD (3.06b + Debt 633.0m - CCE 49.4m)
Interest Coverage Ratio = 10.64 (Ebit TTM 304.0m / Interest Expense TTM 28.6m)
EV/FCF = 48.10x (Enterprise Value 3.64b / FCF TTM 75.7m)
FCF Yield = 2.08% (FCF TTM 75.7m / Enterprise Value 3.64b)
FCF Margin = 3.55% (FCF TTM 75.7m / Revenue TTM 2.13b)
Net Margin = 9.59% (Net Income TTM 204.2m / Revenue TTM 2.13b)
Gross Margin = 41.89% ((Revenue TTM 2.13b - Cost of Revenue TTM 1.24b) / Revenue TTM)
Gross Margin QoQ = 41.61% (prev 44.40%)
Tobins Q-Ratio = 1.46 (Enterprise Value 3.64b / Total Assets 2.49b)
Interest Expense / Debt = 1.08% (Interest Expense 6.83m / Debt 633.0m)
Taxrate = 25.87% (71.3m / 275.4m)
NOPAT = 225.4m (EBIT 304.0m * (1 - 25.87%))
Current Ratio = 3.09 (Total Current Assets 1.52b / Total Current Liabilities 492.8m)
Debt / Equity = 0.43 (Debt 633.0m / totalStockholderEquity, last quarter 1.48b)
Debt / EBITDA = 1.62 (Net Debt 583.6m / EBITDA 359.8m)
Debt / FCF = 7.71 (Net Debt 583.6m / FCF TTM 75.7m)
Total Stockholder Equity = 1.42b (last 4 quarters mean from totalStockholderEquity)
RoA = 8.30% (Net Income 204.2m / Total Assets 2.49b)
RoE = 14.34% (Net Income TTM 204.2m / Total Stockholder Equity 1.42b)
RoCE = 16.64% (EBIT 304.0m / Capital Employed (Equity 1.42b + L.T.Debt 402.4m))
RoIC = 12.00% (NOPAT 225.4m / Invested Capital 1.88b)
WACC = 6.91% (E(3.06b)/V(3.69b) * Re(8.17%) + D(633.0m)/V(3.69b) * Rd(1.08%) * (1-Tc(0.26)))
Discount Rate = 8.17% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -1.21%
[DCF] Terminal Value 83.50% ; FCFF base≈122.0m ; Y1≈131.0m ; Y5≈160.1m
[DCF] Fair Price = 101.0 (EV 3.62b - Net Debt 583.6m = Equity 3.04b / Shares 30.1m; r=6.91% [WACC]; 5y FCF grow 8.22% → 3.0% )
EPS Correlation: 76.70 | EPS CAGR: 14.88% | SUE: -0.11 | # QB: 0
Revenue Correlation: 88.34 | Revenue CAGR: 8.11% | SUE: -2.78 | # QB: 0
EPS next Quarter (2026-06-30): EPS=1.91 | Chg7d=+0.002 | Chg30d=-0.339 | Revisions Net=-6 | Analysts=8
EPS current Year (2026-12-31): EPS=8.29 | Chg7d=+0.005 | Chg30d=-1.164 | Revisions Net=-7 | Growth EPS=-6.6% | Growth Revenue=+7.3%
EPS next Year (2027-12-31): EPS=9.27 | Chg7d=+0.021 | Chg30d=-1.351 | Revisions Net=-4 | Growth EPS=+11.8% | Growth Revenue=+5.2%
[Analyst] Revisions Ratio: -1.00 (0 Up / 6 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 1.6% (Discount Rate 8.2% - Earnings Yield 6.6%)
[Growth] Growth Spread = +6.4% (Analyst 8.0% - Implied 1.6%)