Dorman Products Inc

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DORM : NASDAQ : Consumer Goods
$64.97 | %
Today's Range: 62.64 - 65.84
Avg. Daily Volume: 160200.0
08/18/17 - 4:00 PM ET

Financial Analysis


DORMAN PRODUCTS INC's gross profit margin for the second quarter of its fiscal year 2017 is essentially unchanged when compared to the same period a year ago. Sales and net income have grown, and although the growth in revenues has outpaced the average competitor within the industry, the net income growth has not. DORMAN PRODUCTS INC is extremely liquid. Currently, the Quick Ratio is 3.22 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has decreased from the same period last year, indicating deteriorating cash flow.

During the same period, stockholders' equity ("net worth") has increased by 13.04% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is very unlikely to face financial difficulties in the near future.

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Income Statement Q2 FY17 Q2 FY16
Net Sales ($mil)229.26209.57
EBITDA ($mil)50.1945.67
EBIT ($mil)45.040.99
Net Income ($mil)28.4425.98


Balance Sheet Q2 FY17 Q2 FY16
Cash & Equiv. ($mil)129.2187.9
Total Assets ($mil)745.03636.97
Total Debt ($mil)0.00.0
Equity ($mil)624.64552.55


Profitability Q2 FY17 Q2 FY16
Gross Profit Margin41.8941.44
EBITDA Margin21.8921.79
Operating Margin19.6319.56
Sales Turnover1.21.31
Return on Assets15.1615.46
Return on Equity18.0917.82
Debt Q2 FY17 Q2 FY16
Current Ratio5.066.21
Debt/Capital0.00.0
Interest Expense0.00.06
Interest Coverage0.0661.11


Share Data Q2 FY17 Q2 FY16
Shares outstanding (mil)34.4534.62
Div / share0.00.0
EPS0.830.75
Book value / share18.1315.96
Institutional Own % n/a n/a
Avg Daily Volume140140.0165557.0

Valuation


BUY. The current P/E ratio indicates a premium compared to an average of 17.24 for the Auto Components industry and a value on par with the S&P 500 average of 24.31. For additional comparison, its price-to-book ratio of 4.08 indicates a premium versus the S&P 500 average of 3.03 and a premium versus the industry average of 3.72. The price-to-sales ratio is well above both the S&P 500 average and the industry average, indicating a premium. Upon assessment of these and other key valuation criteria, DORMAN PRODUCTS INC proves to trade at a premium to investment alternatives within the industry.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
DORM 22.57 Peers 17.24   DORM NA Peers 9.35

Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations.

DORM is trading at a significant premium to its peers.

 

Neutral. The P/CF ratio is the stock’s price divided by the sum of the company's cash flow from operations. It is useful for comparing companies with different capital requirements or financing structures.

Ratio not available.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
DORM 19.48 Peers 11.92   DORM 1.82 Peers 0.71

Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations.

DORM is trading at a significant premium to its peers.

 

Premium. 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 premium to its peers.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
DORM 4.08 Peers 3.72   DORM 16.72 Peers -44.81

Average. 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 valuation on par with its peers.

 

Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

DORM is expected to have an earnings growth rate that significantly exceeds its peers.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
DORM 2.86 Peers 0.99   DORM 7.11 Peers 22.45

Premium. 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 premium to its industry.

 

Lower. A sales growth rate that trails the industry implies that a company is losing market share.

DORM significantly trails its peers on the basis of sales growth

 

 

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