Genuine Parts Company
Find Ratings ReportsGENUINE PARTS CO's gross profit margin for the fourth quarter of its fiscal year 2023 is essentially unchanged when compared to the same period a year ago. The company managed to grow both sales and net income at a faster pace than the average competitor in its subsector this quarter as compared to the same quarter a year ago. GENUINE PARTS CO has weak liquidity. Currently, the Quick Ratio is 0.54 which shows a lack of 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 16.11% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.
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Income Statement | Q4 FY23 | Q4 FY22 |
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Net Sales ($mil) | 5585.88 | 5523.65 |
EBITDA ($mil) | 507.27 | 478.93 |
EBIT ($mil) | 418.69 | 390.94 |
Net Income ($mil) | 316.88 | 251.98 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 1102.01 | 653.46 |
Total Assets ($mil) | 17968.45 | 16495.38 |
Total Debt ($mil) | 5184.58 | 4451.56 |
Equity ($mil) | 4401.05 | 3790.36 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 36.4 | 35.73 |
EBITDA Margin | 9.08 | 8.67 |
Operating Margin | 7.5 | 7.08 |
Sales Turnover | 1.29 | 1.34 |
Return on Assets | 7.32 | 7.16 |
Return on Equity | 29.91 | 31.2 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 1.23 | 1.15 |
Debt/Capital | 0.54 | 0.54 |
Interest Expense | 15.32 | 15.57 |
Interest Coverage | 27.32 | 25.11 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 139.57 | 140.94 |
Div / share | 0.95 | 0.9 |
EPS | 2.26 | 1.77 |
Book value / share | 31.53 | 26.89 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 1003390.0 | 1089029.0 |
BUY. This stock's P/E ratio indicates a discount compared to an average of 24.06 for the Merchant Wholesalers, Durable Goods subsector and a significant discount compared to the S&P 500 average of 27.95. To use another comparison, its price-to-book ratio of 4.82 indicates valuation on par with the S&P 500 average of 4.68 and a significant discount versus the subsector average of 6.83. 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, GENUINE PARTS CO proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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GPC 16.28 | Peers 24.06 | GPC 14.76 | Peers 17.73 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. GPC is trading at a significant discount to 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. GPC is trading at a discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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GPC 14.21 | Peers 24.12 | GPC 3.38 | Peers 3.31 | |||||||||||||||||||||
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations. GPC is trading at a significant discount to its peers. |
Average. 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. GPC trades at a valuation on par to its peers. |
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Price/Book |
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Earnings Growth |
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GPC 4.82 | Peers 6.83 | GPC 12.27 | Peers -19.81 | |||||||||||||||||||||
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. GPC is trading at a significant discount to its peers. |
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. GPC is expected to have an earnings growth rate that significantly exceeds its peers. |
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Price/Sales |
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Sales Growth |
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GPC 0.92 | Peers 1.87 | GPC 4.50 | Peers -0.87 | |||||||||||||||||||||
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. GPC is trading at a significant discount to its subsector on this measurement. |
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share. GPC has a sales growth rate that significantly exceeds its peers. |
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