Dorman Products Inc

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DORM : NASDAQ : Consumer Goods
$82.5 up 1.64 | 2.03%
Today's Range: 81.12 - 83.13
Avg. Daily Volume: 154600.0
06/28/17 - 4:00 PM ET

Financial Analysis


DORMAN PRODUCTS INC's gross profit margin for the first quarter of its fiscal year 2017 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 industry this quarter as compared to the same quarter a year ago. DORMAN PRODUCTS INC is extremely liquid. Currently, the Quick Ratio is 3.52 which clearly shows the ability to cover any short-term cash needs. DORM managed to increase the liquidity from the same period a year ago, despite already having very strong liquidity to begin with. This would indicate improved cash flow.

During the same period, stockholders' equity ("net worth") has increased by 16.28% 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 Q1 FY17 Q1 FY16
Net Sales ($mil)221.63208.15
EBITDA ($mil)50.0543.43
EBIT ($mil)45.0438.93
Net Income ($mil)29.1924.67


Balance Sheet Q1 FY17 Q1 FY16
Cash & Equiv. ($mil)156.3486.98
Total Assets ($mil)738.6631.21
Total Debt ($mil)0.00.0
Equity ($mil)619.98533.15


Profitability Q1 FY17 Q1 FY16
Gross Profit Margin42.340.88
EBITDA Margin22.5820.86
Operating Margin20.3218.7
Sales Turnover1.181.3
Return on Assets14.9615.15
Return on Equity17.8317.94
Debt Q1 FY17 Q1 FY16
Current Ratio5.115.24
Debt/Capital0.00.0
Interest Expense0.00.06
Interest Coverage0.0683.0


Share Data Q1 FY17 Q1 FY16
Shares outstanding (mil)34.4534.75
Div / share0.00.0
EPS0.850.71
Book value / share18.015.34
Institutional Own % n/a n/a
Avg Daily Volume152870.0157211.0

Valuation


BUY. The current P/E ratio indicates a premium compared to an average of 18.09 for the Auto Components industry and a value on par with the S&P 500 average of 25.75. For additional comparison, its price-to-book ratio of 4.48 indicates a premium versus the S&P 500 average of 3.09 and a premium versus the industry average of 3.81. 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 25.17 Peers 18.09   DORM 20.44 Peers 11.21

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.

 

Premium. 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 premium to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
DORM 21.11 Peers 11.60   DORM 1.82 Peers 0.73

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 4.48 Peers 3.81   DORM 18.08 Peers 67.31

Premium. A higher price-to-book ratio makes a stock less attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.

DORM is trading at a premium 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.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
DORM 3.18 Peers 1.02   DORM 6.13 Peers 10.35

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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