Dorman Products Inc.
Find Ratings ReportsDORMAN PRODUCTS INC's gross profit margin for the fourth quarter of its fiscal year 2023 has increased when compared to the same period a year ago. Even though sales decreased, the net income has increased, representing an increase to the bottom line. DORMAN PRODUCTS INC has average liquidity. Currently, the Quick Ratio is 1.03 which shows that technically this company has the ability to cover short-term cash needs. The company's liquidity has increased from the same period last year, indicating improving cash flow.
During the same period, stockholders' equity ("net worth") has increased by 12.04% from the same quarter last year. Together, the key liquidity measurements indicate that it is relatively unlikely that the company will face financial difficulties in the near future.
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Income Statement | Q4 FY23 | Q4 FY22 |
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Net Sales ($mil) | 494.3 | 501.28 |
EBITDA ($mil) | 97.16 | 73.72 |
EBIT ($mil) | 83.22 | 60.17 |
Net Income ($mil) | 50.28 | 17.84 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 36.81 | 46.03 |
Total Assets ($mil) | 2292.41 | 2341.79 |
Total Debt ($mil) | 683.8 | 848.46 |
Equity ($mil) | 1168.2 | 1042.63 |
Profitability | Q4 FY23 | Q4 FY22 |
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Gross Profit Margin | 41.01 | 34.5 |
EBITDA Margin | 19.65 | 14.7 |
Operating Margin | 16.84 | 12.0 |
Sales Turnover | 0.84 | 0.74 |
Return on Assets | 5.63 | 5.19 |
Return on Equity | 11.06 | 11.66 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 2.25 | 1.87 |
Debt/Capital | 0.37 | 0.45 |
Interest Expense | 23.89 | 24.64 |
Interest Coverage | 3.48 | 2.44 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 31.3 | 31.43 |
Div / share | 0.0 | 0.0 |
EPS | 1.6 | 0.57 |
Book value / share | 37.32 | 33.17 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 115743.0 | 123256.0 |
BUY. This stock's P/E ratio indicates a discount compared to an average of 24.39 for the Transportation Equipment Manufacturing subsector and a discount compared to the S&P 500 average of 28.36. For additional comparison, its price-to-book ratio of 2.50 indicates a significant discount versus the S&P 500 average of 4.75 and a significant discount versus the subsector average of 5.11. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount. Upon assessment of these and other key valuation criteria, DORMAN PRODUCTS INC proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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DORM 22.80 | Peers 24.39 | DORM 14.01 | Peers 21.83 | |||||||||||||||||||||
Average. An average P/E ratio can signify an subsector neutral price for a stock and an average growth expectation. DORM is trading at a valuation on par with its peers. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. DORM is trading at a significant discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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DORM 15.56 | Peers 17.57 | DORM 0.65 | Peers 7.13 | |||||||||||||||||||||
Average. An average price-to-projected earnings ratio can signify an subsector neutral stock price and average future growth expectations. DORM is trading at a valuation on par with its peers. |
Discount. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. DORM trades at a significant discount to its peers. |
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Price/Book |
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Earnings Growth |
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DORM 2.50 | Peers 5.11 | DORM 6.49 | Peers 54.37 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. DORM is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, DORM is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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DORM 1.52 | Peers 4.15 | DORM 11.30 | Peers 19.14 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. DORM is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. DORM significantly trails its peers on the basis of sales growth. |
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