Dorman Products
Market Cap
US$3.1b
Last Updated
2021/01/19 23:39 UTC
Data Sources
Company Financials +
Executive Summary
Dorman Products, Inc. supplies replacement parts and fasteners for passenger cars, light trucks, and heavy duty trucks to the automotive aftermarket industry in the United States, Canada, Mexico, Europe, the Middle East, and Australia. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet and fair value.
Similar Companies
Share Price & News
How has Dorman Products's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: DORM is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: DORM's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
-2.3%
DORM
-4.8%
US Auto Components
0.3%
US Market
1 Year Return
23.9%
DORM
33.1%
US Auto Components
21.1%
US Market
Return vs Industry: DORM underperformed the US Auto Components industry which returned 30.7% over the past year.
Return vs Market: DORM exceeded the US Market which returned 19.5% over the past year.
Shareholder returns
| DORM | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.3% | -4.8% | 0.3% |
| 30 Day | 7.3% | 0.8% | 3.3% |
| 90 Day | 5.4% | 30.8% | 14.2% |
| 1 Year | 23.9%23.9% | 34.2%33.1% | 23.8%21.1% |
| 3 Year | 30.4%30.4% | 7.5%0.1% | 45.0%35.4% |
| 5 Year | 116.3%116.3% | 87.3%59.5% | 127.7%102.3% |
Long-Term Price Volatility Vs. Market
How volatile is Dorman Products's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
We Think Dorman Products's (NASDAQ:DORM) Statutory Profit Might Understate Its Earnings Potential2 weeks ago | Simply Wall St
Dorman Products (NASDAQ:DORM) Shareholders Have Enjoyed A 93% Share Price Gain1 month ago | Simply Wall St
Is Dorman Products, Inc. (NASDAQ:DORM) Potentially Undervalued?Valuation
Is Dorman Products undervalued compared to its fair value and its price relative to the market?
32.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: DORM ($95.88) is trading below our estimate of fair value ($141.71)
Significantly Below Fair Value: DORM is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: DORM is good value based on its PE Ratio (35.1x) compared to the US Auto Components industry average (39.3x).
PE vs Market: DORM is poor value based on its PE Ratio (35.1x) compared to the US market (21x).
Price to Earnings Growth Ratio
PEG Ratio: DORM is poor value based on its PEG Ratio (1.9x)
Price to Book Ratio
PB vs Industry: DORM is overvalued based on its PB Ratio (3.7x) compared to the US Auto Components industry average (2x).
Next Steps
Future Growth
How is Dorman Products forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
18.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: DORM's forecast earnings growth (18.2% per year) is above the savings rate (2%).
Earnings vs Market: DORM's earnings (18.2% per year) are forecast to grow slower than the US market (21.6% per year).
High Growth Earnings: DORM's earnings are forecast to grow, but not significantly.
Revenue vs Market: DORM's revenue (7.3% per year) is forecast to grow slower than the US market (10.3% per year).
High Growth Revenue: DORM's revenue (7.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if DORM's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Dorman Products performed over the past 5 years?
-0.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DORM has high quality earnings.
Growing Profit Margin: DORM's current net profit margins (8.6%) are lower than last year (10%).
Past Earnings Growth Analysis
Earnings Trend: DORM's earnings have declined by 0.8% per year over the past 5 years.
Accelerating Growth: DORM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: DORM had negative earnings growth (-12.4%) over the past year, making it difficult to compare to the Auto Components industry average (-10.3%).
Return on Equity
High ROE: DORM's Return on Equity (10.6%) is considered low.
Next Steps
Financial Health
How is Dorman Products's financial position?
Financial Position Analysis
Short Term Liabilities: DORM's short term assets ($870.9M) exceed its short term liabilities ($279.4M).
Long Term Liabilities: DORM's short term assets ($870.9M) exceed its long term liabilities ($48.1M).
Debt to Equity History and Analysis
Debt Level: DORM is debt free.
Reducing Debt: DORM had no debt 5 years ago.
Debt Coverage: DORM has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: DORM has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Dorman Products's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate DORM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate DORM's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if DORM's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if DORM's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of DORM's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.9yrs
Average management tenure
CEO
Kevin Olsen (48 yo)
2yrs
Tenure
US$2,150,123
Compensation
Mr. Kevin M. Olsen has been President of Dorman Products, Inc. since August 6, 2018 and serves as its Chief Executive Officer and Director since January 1, 2019. He served as Chief Operating Officer of Dor...
CEO Compensation Analysis
Compensation vs Market: Kevin's total compensation ($USD2.15M) is below average for companies of similar size in the US market ($USD5.00M).
Compensation vs Earnings: Kevin's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder & Executive Chairman | 5.33yrs | US$668.10k | 3.69% $ 113.6m | |
| President | 2yrs | US$2.15m | 0.12% $ 3.6m | |
| Senior VP | 1.83yrs | US$1.26m | 0.0089% $ 273.7k | |
| Senior VP | 1.75yrs | US$766.75k | 0.0078% $ 240.5k | |
| Executive Vice President of Commercial | 3.58yrs | US$758.13k | 0.099% $ 3.0m | |
| Senior Vice President of Global Operations | 1.17yrs | no data | no data | |
| Senior Vice President of Sales & Marketing | 1.17yrs | US$673.79k | 0.056% $ 1.7m | |
| Senior Vice President - Product | 3.58yrs | no data | no data | |
| Senior Vice President of Supply Chain | 3.58yrs | no data | no data |
1.9yrs
Average Tenure
51yo
Average Age
Experienced Management: DORM's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder & Executive Chairman | 5.33yrs | US$668.10k | 3.69% $ 113.6m | |
| President | 2yrs | US$2.15m | 0.12% $ 3.6m | |
| Independent Director | 5.33yrs | US$185.01k | 0.019% $ 579.2k | |
| Independent Director | 10.83yrs | US$195.01k | 0.067% $ 2.1m | |
| Independent Director | 0.33yr | no data | no data | |
| Independent Director | 4.25yrs | US$190.01k | 0.023% $ 720.3k | |
| Lead Independent Director | no data | US$195.01k | 0.12% $ 3.7m | |
| Independent Director | 3.17yrs | US$175.01k | 0.010% $ 316.5k |
4.3yrs
Average Tenure
62yo
Average Age
Experienced Board: DORM's board of directors are considered experienced (4.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: DORM insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Dorman Products, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Dorman Products, Inc.
- Ticker: DORM
- Exchange: NasdaqGS
- Founded: 1978
- Industry: Auto Parts and Equipment
- Sector: Automobiles
- Market Cap: US$3.076b
- Shares outstanding: 32.08m
- Website: https://www.dormanproducts.com
Number of Employees
Location
- Dorman Products, Inc.
- 3400 East Walnut Street
- Colmar
- Pennsylvania
- 18915
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| DORM | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Mar 1991 |
| RAB | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Mar 1991 |
Biography
Dorman Products, Inc. supplies replacement parts and fasteners for passenger cars, light trucks, and heavy duty trucks to the automotive aftermarket industry in the United States, Canada, Mexico, Europe, t...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/19 23:39 |
| End of Day Share Price | 2021/01/19 00:00 |
| Earnings | 2020/09/26 |
| Annual Earnings | 2019/12/28 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.