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DORM

Dorman Products NasdaqGS:DORM Stock Report

Last Price

US$111.58

Market Cap

US$3.5b

7D

6.6%

1Y

6.4%

Updated

03 Jul, 2022

Data

Company Financials +
DORM fundamental analysis
Snowflake Score
Valuation0/6
Future Growth2/6
Past Performance3/6
Financial Health5/6
Dividends0/6

DORM Stock Overview

Dorman Products, Inc. supplies replacement parts and fasteners for passenger cars, light trucks, and medium- and heavy-duty trucks in the automotive aftermarket industry worldwide.

Rewards

Earnings are forecast to grow 17.73% per year

Earnings have grown 1.6% per year over the past 5 years

Risk Analysis

No risks detected for DORM from our risk checks.

Dorman Products Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Dorman Products
Historical stock prices
Current Share PriceUS$111.58
52 Week HighUS$122.96
52 Week LowUS$88.44
Beta0.69
1 Month Change7.25%
3 Month Change14.78%
1 Year Change6.44%
3 Year Change26.81%
5 Year Change45.53%
Change since IPO5,479.00%

Recent News & Updates

Jul 01
Dorman Products, Inc.'s (NASDAQ:DORM) Intrinsic Value Is Potentially 21% Below Its Share Price

Dorman Products, Inc.'s (NASDAQ:DORM) Intrinsic Value Is Potentially 21% Below Its Share Price

In this article we are going to estimate the intrinsic value of Dorman Products, Inc. ( NASDAQ:DORM ) by taking the...

May 17
These 4 Measures Indicate That Dorman Products (NASDAQ:DORM) Is Using Debt Safely

These 4 Measures Indicate That Dorman Products (NASDAQ:DORM) Is Using Debt Safely

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Shareholder Returns

DORMUS Auto ComponentsUS Market
7D6.6%-5.1%-2.5%
1Y6.4%-38.8%-21.2%

Return vs Industry: DORM exceeded the US Auto Components industry which returned -38.8% over the past year.

Return vs Market: DORM exceeded the US Market which returned -21.2% over the past year.

Price Volatility

Is DORM's price volatile compared to industry and market?
DORM volatility
DORM Average Weekly Movement4.0%
Auto Components Industry Average Movement8.2%
Market Average Movement8.1%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.3%

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.

About the Company

FoundedEmployeesCEOWebsite
19183,360Kevin Olsenhttps://www.dormanproducts.com

Dorman Products, Inc. supplies replacement parts and fasteners for passenger cars, light trucks, and medium- and heavy-duty trucks in the automotive aftermarket industry worldwide. It offers original equipment dealer products, such as intake and exhaust manifolds, window regulators, radiator fan assemblies, tire pressure monitor sensors, exhaust gas recirculation coolers, and complex electronics modules; fluid reservoirs, variable valve timing components, complex electronics, and integrated door lock actuators; and oil drain plugs, and wheel bolts and lug nuts. The company also provides automotive replacement parts, including door handles, keyless remotes and cases, and door hinge repairs; and heavy duty aftermarket parts for class 4-8 vehicles, such as lighting, cooling, engine management, wheel hardware, air tanks, and cab products.

Dorman Products Fundamentals Summary

How do Dorman Products's earnings and revenue compare to its market cap?
DORM fundamental statistics
Market CapUS$3.51b
Earnings (TTM)US$134.01m
Revenue (TTM)US$1.46b

26.2x

P/E Ratio

2.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
DORM income statement (TTM)
RevenueUS$1.46b
Cost of RevenueUS$967.18m
Gross ProfitUS$491.64m
Other ExpensesUS$357.63m
EarningsUS$134.01m

Last Reported Earnings

Mar 26, 2022

Next Earnings Date

n/a

Earnings per share (EPS)4.26
Gross Margin33.70%
Net Profit Margin9.19%
Debt/Equity Ratio23.9%

How did DORM perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is DORM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for DORM?

Other financial metrics that can be useful for relative valuation.

DORM key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.6x
Enterprise Value/EBITDA17.4x
PEG Ratio1.5x

Price to Earnings Ratio vs Peers

How does DORM's PE Ratio compare to its peers?

DORM PE Ratio vs Peers
The above table shows the PE ratio for DORM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average23.4x
FOXF Fox Factory Holding
20.1x17.6%US$3.5b
VC Visteon
62.4x55.7%US$2.9b
LCII LCI Industries
7.1x-18.7%US$2.9b
ADNT Adient
3.8x29.3%US$2.8b
DORM Dorman Products
26.2x17.7%US$3.5b

Price-To-Earnings vs Peers: DORM is expensive based on its Price-To-Earnings Ratio (26.2x) compared to the peer average (23.4x).


Price to Earnings Ratio vs Industry

How does DORM's PE Ratio compare vs other companies in the US Auto Components Industry?

Price-To-Earnings vs Industry: DORM is expensive based on its Price-To-Earnings Ratio (26.2x) compared to the US Auto Components industry average (14.1x)


Price to Earnings Ratio vs Fair Ratio

What is DORM's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

DORM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio26.2x
Fair PE Ratio12.6x

Price-To-Earnings vs Fair Ratio: DORM is expensive based on its Price-To-Earnings Ratio (26.2x) compared to the estimated Fair Price-To-Earnings Ratio (12.6x).


Share Price vs Fair Value

What is the Fair Price of DORM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: DORM ($111.58) is trading above our estimate of fair value ($54.43)

Significantly Below Fair Value: DORM is trading above our estimate of fair value.


Price to Earnings Growth Ratio

PEG Ratio: DORM is poor value based on its PEG Ratio (1.5x)


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Future Growth

How is Dorman Products forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


17.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DORM's forecast earnings growth (17.7% per year) is above the savings rate (1.9%).

Earnings vs Market: DORM's earnings (17.7% per year) are forecast to grow faster than the US market (13.6% per year).

High Growth Earnings: DORM's earnings are forecast to grow, but not significantly.

Revenue vs Market: DORM's revenue (7.8% per year) is forecast to grow slower than the US market (8.2% per year).

High Growth Revenue: DORM's revenue (7.8% 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


Discover growth companies

Past Performance

How has Dorman Products performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


1.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: DORM has high quality earnings.

Growing Profit Margin: DORM's current net profit margins (9.2%) are lower than last year (10.4%).


Past Earnings Growth Analysis

Earnings Trend: DORM's earnings have grown by 1.6% per year over the past 5 years.

Accelerating Growth: DORM's earnings growth over the past year (14.8%) exceeds its 5-year average (1.6% per year).

Earnings vs Industry: DORM earnings growth over the past year (14.8%) underperformed the Auto Components industry 24.5%.


Return on Equity

High ROE: DORM's Return on Equity (14%) is considered low.


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Financial Health

How is Dorman Products's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: DORM's short term assets ($1.1B) exceed its short term liabilities ($652.6M).

Long Term Liabilities: DORM's short term assets ($1.1B) exceed its long term liabilities ($112.3M).


Debt to Equity History and Analysis

Debt Level: DORM's net debt to equity ratio (18.3%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if DORM's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: DORM's debt is well covered by operating cash flow (44.7%).

Interest Coverage: DORM's interest payments on its debt are well covered by EBIT (54.7x coverage).


Balance Sheet


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Dividend

What is Dorman Products's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

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.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as DORM has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

4.3yrs

Average management tenure


CEO

Kevin Olsen (50 yo)

6.08yrs

Tenure

US$3,377,508

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 ($USD3.38M) is below average for companies of similar size in the US market ($USD6.91M).

Compensation vs Earnings: Kevin's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: DORM's management team is considered experienced (4.3 years average tenure).


Board Members

Experienced Board: DORM's board of directors are considered experienced (5.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold 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 employee growth, exchange listings and data sources


Key Information

  • Name: Dorman Products, Inc.
  • Ticker: DORM
  • Exchange: NasdaqGS
  • Founded: 1918
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Implied Market Cap: US$3.509b
  • Shares outstanding: 31.45m
  • Website: https://www.dormanproducts.com

Number of Employees


Location

  • Dorman Products, Inc.
  • 3400 East Walnut Street
  • Colmar
  • Pennsylvania
  • 18915
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/03 00:00
End of Day Share Price2022/07/01 00:00
Earnings2022/03/26
Annual Earnings2021/12/25


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.