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Motorcar Parts of America

Nasdaq:MPAA
Snowflake Description

Reasonable growth potential with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MPAA
Nasdaq
$335M
Market Cap
  1. Home
  2. US
  3. Automobiles
Company description

Motorcar Parts of America, Inc. manufactures, remanufactures, and distributes heavy duty trucks, and industrial and agricultural application parts. The last earnings update was 135 days ago. More info.


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MPAA Share Price and Events
7 Day Returns
7.9%
NasdaqGS:MPAA
1.3%
US Auto Components
-0.4%
US Market
1 Year Returns
-5.6%
NasdaqGS:MPAA
-28.5%
US Auto Components
4.3%
US Market
MPAA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Motorcar Parts of America (MPAA) 7.9% -7.8% -6.3% -5.6% -34.6% -26.6%
US Auto Components 1.3% 9.8% -0.5% -28.5% 8.3% -11.5%
US Market -0.4% 2.8% 2.7% 4.3% 40.9% 38.2%
1 Year Return vs Industry and Market
  • MPAA outperformed the Auto Components industry which returned -28.5% over the past year.
  • MPAA underperformed the Market in United States of America which returned 4.3% over the past year.
Price Volatility
MPAA
Industry
5yr Volatility vs Market

Value

 Is Motorcar Parts of America undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Motorcar Parts of America to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Motorcar Parts of America.

NasdaqGS:MPAA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:MPAA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Auto Components Unlevered Beta Simply Wall St/ S&P Global 1.2
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.205 (1 + (1- 21%) (32%))
1.341
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.34
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.341 * 5.96%)
10.72%

Discounted Cash Flow Calculation for NasdaqGS:MPAA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Motorcar Parts of America is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGS:MPAA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.72%)
2019 9.75 Analyst x1 8.81
2020 8.85 Est @ -9.26% 7.22
2021 8.35 Est @ -5.66% 6.15
2022 8.09 Est @ -3.14% 5.38
2023 7.97 Est @ -1.38% 4.79
2024 7.96 Est @ -0.15% 4.32
2025 8.02 Est @ 0.72% 3.93
2026 8.13 Est @ 1.32% 3.60
2027 8.27 Est @ 1.74% 3.31
2028 8.44 Est @ 2.04% 3.05
Present value of next 10 years cash flows $50.55
NasdaqGS:MPAA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $8.44 × (1 + 2.73%) ÷ (10.72% – 2.73%)
$108.41
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $108.41 ÷ (1 + 10.72%)10
$39.15
NasdaqGS:MPAA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $50.55 + $39.15
$89.69
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $89.69 / 18.81
$4.77
NasdaqGS:MPAA Discount to Share Price
Calculation Result
Value per share (USD) From above. $4.77
Current discount Discount to share price of $17.81
= -1 x ($17.81 - $4.77) / $4.77
-273.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Motorcar Parts of America is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Motorcar Parts of America's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Motorcar Parts of America's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:MPAA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.02
NasdaqGS:MPAA Share Price ** NasdaqGS (2019-06-26) in USD $17.81
United States of America Auto Components Industry PE Ratio Median Figure of 24 Publicly-Listed Auto Components Companies 15.48x
United States of America Market PE Ratio Median Figure of 3,094 Publicly-Listed Companies 17.77x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Motorcar Parts of America.

NasdaqGS:MPAA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:MPAA Share Price ÷ EPS (both in USD)

= 17.81 ÷ 0.02

978.03x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Motorcar Parts of America is overvalued based on earnings compared to the US Auto Components industry average.
  • Motorcar Parts of America is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Motorcar Parts of America's expected growth come at a high price?
Raw Data
NasdaqGS:MPAA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 978.03x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
230.7%per year
United States of America Auto Components Industry PEG Ratio Median Figure of 22 Publicly-Listed Auto Components Companies 1.05x
United States of America Market PEG Ratio Median Figure of 2,133 Publicly-Listed Companies 1.51x

*Line of best fit is calculated by linear regression .

NasdaqGS:MPAA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 978.03x ÷ 230.7%

4.24x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Motorcar Parts of America is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Motorcar Parts of America's assets?
Raw Data
NasdaqGS:MPAA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $14.87
NasdaqGS:MPAA Share Price * NasdaqGS (2019-06-26) in USD $17.81
United States of America Auto Components Industry PB Ratio Median Figure of 40 Publicly-Listed Auto Components Companies 1.26x
United States of America Market PB Ratio Median Figure of 5,255 Publicly-Listed Companies 1.78x
NasdaqGS:MPAA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:MPAA Share Price ÷ Book Value per Share (both in USD)

= 17.81 ÷ 14.87

1.2x

* Primary Listing of Motorcar Parts of America.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Motorcar Parts of America is good value based on assets compared to the US Auto Components industry average.
X
Value checks
We assess Motorcar Parts of America's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Auto Components industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Auto Components industry average (and greater than 0)? (1 check)
  5. Motorcar Parts of America has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Motorcar Parts of America expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
230.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Motorcar Parts of America expected to grow at an attractive rate?
  • Motorcar Parts of America's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Motorcar Parts of America's earnings growth is expected to exceed the United States of America market average.
  • Motorcar Parts of America's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:MPAA Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:MPAA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 230.7%
NasdaqGS:MPAA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 11.1%
United States of America Auto Components Industry Earnings Growth Rate Market Cap Weighted Average 17.5%
United States of America Auto Components Industry Revenue Growth Rate Market Cap Weighted Average 5.7%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:MPAA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:MPAA Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-03-31 530 37 3
2019-03-31 475 14 3 3
NasdaqGS:MPAA Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 464 -24 0
2018-09-30 443 -12 1
2018-06-30 425 -14 3
2018-03-31 428 -14 16
2017-12-31 422 6 21
2017-09-30 432 9 34
2017-06-30 431 8 38
2017-03-31 421 -5 38
2016-12-31 404 -15 30
2016-09-30 386 -26 27
2016-06-30 369 -2 16
2016-03-31 369 15 11

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Motorcar Parts of America's earnings are expected to grow significantly at over 20% yearly.
  • Motorcar Parts of America's revenue is expected to grow by 11.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:MPAA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Motorcar Parts of America Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:MPAA Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-03-31 1.95 2.26 1.64 2.00
2019-03-31 0.19 0.27 0.10 2.00
NasdaqGS:MPAA Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.02
2018-09-30 0.05
2018-06-30 0.17
2018-03-31 0.87
2017-12-31 1.10
2017-09-30 1.84
2017-06-30 2.05
2017-03-31 2.02
2016-12-31 1.62
2016-09-30 1.45
2016-06-30 0.88
2016-03-31 0.58

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Motorcar Parts of America will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Motorcar Parts of America's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Motorcar Parts of America has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Motorcar Parts of America performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Motorcar Parts of America's growth in the last year to its industry (Auto Components).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Motorcar Parts of America's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Motorcar Parts of America's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Motorcar Parts of America's 1-year earnings growth is negative, it can't be compared to the US Auto Components industry average.
Earnings and Revenue History
Motorcar Parts of America's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Motorcar Parts of America Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:MPAA Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 463.96 0.34 60.03 7.35
2018-09-30 442.72 0.92 59.22 6.97
2018-06-30 425.12 3.15 57.71 6.43
2018-03-31 428.07 16.32 50.56 5.69
2017-12-31 422.24 20.70 50.56 4.93
2017-09-30 431.96 34.34 45.79 4.29
2017-06-30 431.36 38.22 46.59 3.96
2017-03-31 421.25 37.57 43.27 3.82
2016-12-31 404.29 30.06 44.74 3.73
2016-09-30 385.71 26.70 50.78 3.40
2016-06-30 368.55 16.16 59.04 3.14
2016-03-31 368.97 10.56 66.42 3.01
2015-12-31 355.43 11.37 62.64 2.70
2015-09-30 345.40 6.55 60.32 2.59
2015-06-30 324.57 9.41 50.85 2.49
2015-03-31 301.71 11.45 45.71 2.27
2014-12-31 294.49 11.42 48.25 2.20
2014-09-30 276.07 9.64 44.48 2.05
2014-06-30 271.40 10.33 43.67 1.91
2014-03-31 258.67 6.48 47.52 1.94
2013-12-31 240.03 7.32 41.17 1.99
2013-09-30 225.12 7.96 40.85 1.98
2013-06-30 216.60 12.29 36.42 2.04
2013-03-31 213.15 14.56 33.10 1.93
2012-12-31 256.57 -2.29 37.53 1.84
2012-09-30 290.01 -25.90 40.22 1.85
2012-06-30 339.98 -37.84 48.61 1.79

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Motorcar Parts of America has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Motorcar Parts of America used its assets less efficiently than the US Auto Components industry average last year based on Return on Assets.
  • Motorcar Parts of America's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Motorcar Parts of America's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Auto Components industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Motorcar Parts of America has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Motorcar Parts of America's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Motorcar Parts of America's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Motorcar Parts of America is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Motorcar Parts of America's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Motorcar Parts of America's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Motorcar Parts of America Company Filings, last reported 5 months ago.

NasdaqGS:MPAA Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 279.79 107.20 11.46
2018-09-30 282.16 82.62 9.41
2018-06-30 270.74 75.11 15.30
2018-03-31 274.98 70.98 15.88
2017-12-31 268.53 53.74 12.79
2017-09-30 274.10 54.46 17.66
2017-06-30 255.25 34.22 10.53
2017-03-31 248.68 31.00 11.17
2016-12-31 239.94 38.76 5.91
2016-09-30 228.82 40.51 7.69
2016-06-30 220.06 43.27 21.70
2016-03-31 210.81 30.05 23.71
2015-12-31 203.29 30.81 15.21
2015-09-30 194.94 39.59 33.04
2015-06-30 195.85 39.57 18.23
2015-03-31 190.20 79.22 61.93
2014-12-31 187.24 81.90 77.36
2014-09-30 183.07 83.69 89.64
2014-06-30 114.32 95.48 25.24
2014-03-31 109.64 97.28 25.12
2013-12-31 105.43 99.07 33.83
2013-09-30 99.87 102.87 24.00
2013-06-30 97.60 103.50 15.61
2013-03-31 -3.51 81.91 19.76
2012-12-31 70.28 143.96 25.45
2012-09-30 68.48 136.54 32.70
2012-06-30 77.20 141.05 36.42
  • Motorcar Parts of America's level of debt (38.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (93.9% vs 38.3% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are not well covered by earnings (EBIT is 1.5x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Motorcar Parts of America's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Motorcar Parts of America has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Motorcar Parts of America's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Motorcar Parts of America dividends.
If you bought $2,000 of Motorcar Parts of America shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Motorcar Parts of America's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Motorcar Parts of America's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:MPAA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
United States of America Auto Components Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 2.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2012 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:MPAA Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-03-31
2019-03-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Motorcar Parts of America has not reported any payouts.
  • Unable to verify if Motorcar Parts of America's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Motorcar Parts of America's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Motorcar Parts of America has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Motorcar Parts of America's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Motorcar Parts of America afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Motorcar Parts of America has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Motorcar Parts of America's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Selwyn Joffe
COMPENSATION $2,994,629
AGE 61
TENURE AS CEO 16.3 years
CEO Bio

Mr. Selwyn H. Joffe, CPA has been the President and Chief Executive Officer of Motorcar Parts of America, Inc. since February 2003. Mr. Joffe has been the Chairman of the Board at Motorcar Parts of America, Inc. since November 1999. He has industry experience. Since 1995, he served as a consultant at Motorcar Parts of America Inc. He served as Chief Executive Officer and President of Florica, Inc. from 1989 to 1996. Prior to February 2003, Mr. Joffe served as the Chairman and Chief Executive Officer of Protea Group, Inc. a company specializing in consulting and acquisition services. From September 2000 to December 2001, Mr. Joffe served as President and Chief Executive Officer of Netlock Technologies, a company that specializes in securing network communications. In 1997, Mr. Joffe co-founded Palace Entertainment Holdings, Inc., a roll-up of amusement parks and served as its President and Chief Operating Officer from 1997 to August 2000. Prior to the founding of Palace Entertainment, he served as the President and Chief Executive Officer of Wolfgang Puck Food Company from 1989 to 1996. Mr. Joffe has been the Director of Motorcar Parts of America Inc. since 1994. He serves on the board of directors of the Motor and Equipment Remanufacturers Association. In addition, Mr. Joffe serves on the board of directors of the California, Arizona and Nevada Automotive Wholesaler’s Association (CAWA). He is a member of the Georgia State Bar as well as a Certified Public Accountant of AICPA. Mr. Joffe is a graduate of Emory University with degrees in both Business and Law.

CEO Compensation
  • Selwyn's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Selwyn's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Motorcar Parts of America management team in years:

11.3
Average Tenure
58.5
Average Age
  • The average tenure for the Motorcar Parts of America management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Selwyn Joffe

TITLE
Chairman
COMPENSATION
$3M
AGE
61
TENURE
16.3 yrs

David Lee

TITLE
Chief Financial Officer
COMPENSATION
$815K
AGE
48
TENURE
11.3 yrs

Michael Umansky

TITLE
VP, General Counsel & Secretary
COMPENSATION
$891K
AGE
76
TENURE
15.4 yrs

Doug Schooner

TITLE
Chief Manufacturing Officer & Senior VP of Operations for Under-the-Car Product Lines
COMPENSATION
$696K
AGE
49
TENURE
5 yrs

Kevin Daly

TITLE
Chief Accounting Officer
COMPENSATION
$406K
AGE
58
TENURE
11.3 yrs

Rick Mochulsky

TITLE
Senior Vice President of Sales & Marketing
COMPENSATION
$193K
AGE
59

Pete Murnen

TITLE
Chief Operating Officer of Canada
TENURE
0.4 yrs

Bryan Cain

TITLE
Senior Vice President of Operations for Rotating Electrical
TENURE
2.1 yrs

Jack Vollbrecht

TITLE
Senior Vice President of Strategy and Government Relations
AGE
67
TENURE
2.1 yrs

Kamlesh Shah

TITLE
Controller
AGE
54
TENURE
11.3 yrs
Board of Directors Tenure

Average tenure and age of the Motorcar Parts of America board of directors in years:

10.3
Average Tenure
61
Average Age
  • The average tenure for the Motorcar Parts of America board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Rudolph Borneo

TITLE
Director
COMPENSATION
$131K
AGE
77
TENURE
14.6 yrs

Selwyn Joffe

TITLE
Chairman
COMPENSATION
$3M
AGE
61
TENURE
19.6 yrs

Philip Gay

TITLE
Director
COMPENSATION
$144K
AGE
61
TENURE
14.6 yrs

Duane Miller

TITLE
Director
COMPENSATION
$128K
AGE
71
TENURE
11 yrs

Scott Adelson

TITLE
Lead Independent Director
COMPENSATION
$119K
AGE
57
TENURE
2.4 yrs

Jeff Mirvis

TITLE
Director
COMPENSATION
$121K
AGE
55
TENURE
10.3 yrs

Jay Ferguson

TITLE
Director
COMPENSATION
$120K
AGE
51
TENURE
3 yrs

Dave Bryan

TITLE
Director
COMPENSATION
$116K
AGE
66
TENURE
3 yrs

Barbara Whittaker

TITLE
Director
COMPENSATION
$112K
AGE
67
TENURE
2.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
19. Feb 19 Sell Rudolph Borneo Individual 15. Feb 19 15. Feb 19 -1,674 $21.54 $-36,065
16. Jan 19 Buy Barbara Whittaker Individual 14. Jan 19 14. Jan 19 2,000 $19.77 $39,540
20. Sep 18 Sell Jeffrey Mirvis Individual 19. Sep 18 19. Sep 18 -12,500 $25.32 $-316,469
29. Aug 18 Sell Joseph Ferguson Individual 29. Aug 18 29. Aug 18 -1,000 $26.45 $-26,446
X
Management checks
We assess Motorcar Parts of America's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Motorcar Parts of America has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Have Insiders Been Selling Motorcar Parts of America, Inc. (NASDAQ:MPAA) Shares This Year?

So before you buy or sell Motorcar Parts of America, Inc. … The Last 12 Months Of Insider Transactions At Motorcar Parts of America. … Over the last year we saw more insider selling of Motorcar Parts of America shares, than buying

Simply Wall St -

Why We’re Not Keen On Motorcar Parts of America, Inc.’s (NASDAQ:MPAA) 12% Return On Capital

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … What is Return On Capital Employed (ROCE)? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Does The Motorcar Parts of America Inc (NASDAQ:MPAA) Share Price Fall With The Market?

Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.

Simply Wall St -

Motorcar Parts of America Inc (NASDAQ:MPAA) Delivered A Weaker ROE Than Its Industry

By way of learning-by-doing, we'll look at ROE to gain a better understanding Motorcar Parts of America Inc (NASDAQ:MPAA). … Over the last twelve months Motorcar Parts of America has recorded a ROE of 1.2%. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

What Investors Should Know About Motorcar Parts of America Inc's (NASDAQ:MPAA) Financial Strength

While small-cap stocks, such as Motorcar Parts of America Inc (NASDAQ:MPAA) with its market cap of US$465.53m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Evaluating financial health as part of your investment thesis is. … Here are a few basic checks that are good enough to have a broad overview of the company’s financial strength.

Simply Wall St -

What You Must Know About Motorcar Parts of America Inc's (NASDAQ:MPAA) Market Risks

The second risk is market-wide, which arises from investing in the stock market. … A widely-used metric to measure a stock's market risk is beta, and the broad market index represents a beta value of one. … A stock with a beta greater than one is considered more sensitive to market-wide shocks compared to a stock that trades below the value of one.

Simply Wall St -

How Much is Motorcar Parts of America Inc's (NASDAQ:MPAA) CEO Getting Paid?

Leading Motorcar Parts of America Inc (NASDAQ:MPAA) as the CEO, Selwyn Joffe took the company to a valuation of US$365.58m. … Understanding how CEOs are incentivised to run and grow their company is an important aspect of investing in a stock. … CEOs leading companies of similar size and profitability

Simply Wall St -

Will Motorcar Parts of America Inc (NASDAQ:MPAA) Continue To Underperform Its Industry?

and looking to gauge the potential return on investment in Motorcar Parts of America Inc (NASDAQ:MPAA). … Motorcar Parts of America Inc (NASDAQ:MPAA) delivered a less impressive 5.93% ROE over the past year, compared to the 13.94% return generated by its industry. … An investor may attribute an inferior ROE to a relatively inefficient performance, and whilst this can often be the case, knowing the nuts and bolts of the ROE calculation may change that perspective and give you a deeper insight into MPAA's past performance

Simply Wall St -

Is It Too Late To Buy Motorcar Parts of America Inc (NASDAQ:MPAA)?

Motorcar Parts of America Inc (NASDAQ:MPAA), a auto components company based in United States,. … A question to answer is whether Motorcar Parts of America's current trading price of $19.81 reflective of the actual value of the? … Let’s take a look at Motorcar Parts of America’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

How Financially Strong Is Motorcar Parts of America Inc (MPAA)?

For MPAA, the ratio of 5.06x suggests that interest is appropriately covered, which means that lenders may be less hesitant to lend out more funding as MPAA’s high interest coverage is seen as responsible and safe practice.Next Steps: Are you a shareholder? … This indicates room for improvement as its cash flow covers less than a quarter of its borrowings, which means its operating efficiency could be better. … MPAA appears to have maintained a sensible level of debt, which means there's still some headroom to grow debt funding.

Simply Wall St -

Company Info

Description

Motorcar Parts of America, Inc. manufactures, remanufactures, and distributes heavy duty trucks, and industrial and agricultural application parts. The company offers rotating electrical products, including alternators and starters; wheel hub assemblies and bearings; brake master cylinders; and other products, such as turbochargers, brake power boosters, and diagnostic equipment. It sells its products to automotive retail chain stores and warehouse distributors, as well as various automobile manufacturers for their aftermarket programs and warranty replacement programs in North America. The company was founded in 1968 and is headquartered in Torrance, California.

Details
Name: Motorcar Parts of America, Inc.
MPAA
Exchange: NasdaqGS
Founded: 1968
$334,990,106
18,809,102
Website: http://www.motorcarparts.com
Address: Motorcar Parts of America, Inc.
2929 California Street,
Torrance,
California, 90503,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS MPAA Common Stock Nasdaq Global Select US USD 23. Mar 1994
Number of employees
Current staff
Staff numbers
2,996
Motorcar Parts of America employees.
Industry
Auto Parts and Equipment
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/26 23:42
End of day share price update: 2019/06/26 00:00
Last estimates confirmation: 2019/05/24
Last earnings filing: 2019/02/11
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.