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DXPE

DXP Enterprises NasdaqGS:DXPE Stock Report

Last Price

US$24.99

Market Cap

US$471.0m

7D

4.1%

1Y

-19.6%

Updated

03 Oct, 2022

Data

Company Financials +
DXPE fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance2/6
Financial Health3/6
Dividends0/6

DXPE Stock Overview

DXP Enterprises, Inc., together with its subsidiaries, engages in distributing maintenance, repair, and operating (MRO) products, equipment, and services to the energy and industrial customers primarily in the United States and Canada.

DXP Enterprises Competitors

Price History & Performance

Summary of all time highs, changes and price drops for DXP Enterprises
Historical stock prices
Current Share PriceUS$24.99
52 Week HighUS$36.26
52 Week LowUS$22.09
Beta2.04
1 Month Change-6.40%
3 Month Change-16.89%
1 Year Change-19.65%
3 Year Change-23.97%
5 Year Change-21.98%
Change since IPO4,898.00%

Recent News & Updates

Sep 02

DXP Enterprises announces acquisition of Sullivan Environmental Technologies

DXP Enterprises (NASDAQ:DXPE) has completed the acquisition of Sullivan Environmental Technologies, keeping the financial terms of the transaction undisclosed. This is the 4th acquisition in 2022 for DXP Enterprises and the 11th acquisition since the Q4 2020, as DXP continues to expand its offering within the water and wastewater markets. Sullivan which distributes and manufactures pumps, valves, controls, and process equipment, reports sales and adjusted EBITDA for the last twelve months ending July 31, 2022, were ~$4.4M and $1.6M, respectively. "Sullivan as well as DXP, continue to perform in today’s dynamic market and we look forward to their contribution in DXP’s Q3. Sullivan provides DXP with exceptional sales expertise that will enhance our efforts and our ability to collaborate and serve our customers." said David R. Little, Chairman and CEO.

Aug 11
Is DXP Enterprises (NASDAQ:DXPE) Using Too Much Debt?

Is DXP Enterprises (NASDAQ:DXPE) Using Too Much Debt?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Shareholder Returns

DXPEUS Trade DistributorsUS Market
7D4.1%0.1%-2.5%
1Y-19.6%-12.1%-23.2%

Return vs Industry: DXPE underperformed the US Trade Distributors industry which returned -12.1% over the past year.

Return vs Market: DXPE exceeded the US Market which returned -23.2% over the past year.

Price Volatility

Is DXPE's price volatile compared to industry and market?
DXPE volatility
DXPE Average Weekly Movement5.5%
Trade Distributors Industry Average Movement5.8%
Market Average Movement6.8%
10% most volatile stocks in US Market15.5%
10% least volatile stocks in US Market2.8%

Stable Share Price: DXPE is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: DXPE's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19082,490David Littlehttps://www.dxpe.com

DXP Enterprises, Inc., together with its subsidiaries, engages in distributing maintenance, repair, and operating (MRO) products, equipment, and services to the energy and industrial customers primarily in the United States and Canada. It operates through three segments: Service Centers (SC), Supply Chain Services (SCS), and Innovative Pumping Solutions (IPS). The SC segment offers MRO products, equipment, and integrated services, including technical expertise and logistics services.

DXP Enterprises Fundamentals Summary

How do DXP Enterprises's earnings and revenue compare to its market cap?
DXPE fundamental statistics
Market CapUS$470.98m
Earnings (TTM)US$34.99m
Revenue (TTM)US$1.27b

13.5x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
DXPE income statement (TTM)
RevenueUS$1.27b
Cost of RevenueUS$899.12m
Gross ProfitUS$370.75m
Other ExpensesUS$335.76m
EarningsUS$34.99m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.86
Gross Margin29.20%
Net Profit Margin2.76%
Debt/Equity Ratio92.4%

How did DXPE perform over the long term?

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

Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

DXPE 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/Revenue0.7x
Enterprise Value/EBITDA9.1x
PEG Ratio0.6x

Price to Earnings Ratio vs Peers

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

DXPE PE Ratio vs Peers
The above table shows the PE ratio for DXPE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average32x
TRNS Transcat
55x20.0%US$591.9m
TITN Titan Machinery
7.6x-2.3%US$647.1m
HDSN Hudson Technologies
3.8x-42.5%US$344.0m
EVI EVI Industries
61.6xn/aUS$226.3m
DXPE DXP Enterprises
13.5x23.8%US$471.0m

Price-To-Earnings vs Peers: DXPE is good value based on its Price-To-Earnings Ratio (13.5x) compared to the peer average (32x).


Price to Earnings Ratio vs Industry

How does DXPE's PE Ratio compare vs other companies in the US Trade Distributors Industry?

Price-To-Earnings vs Industry: DXPE is expensive based on its Price-To-Earnings Ratio (13.5x) compared to the US Trade Distributors industry average (11x)


Price to Earnings Ratio vs Fair Ratio

What is DXPE'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.

DXPE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.5x
Fair PE Ratio20.1x

Price-To-Earnings vs Fair Ratio: DXPE is good value based on its Price-To-Earnings Ratio (13.5x) compared to the estimated Fair Price-To-Earnings Ratio (20.1x).


Share Price vs Fair Value

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

Below Fair Value: DXPE ($24.99) is trading below our estimate of fair value ($26.88)

Significantly Below Fair Value: DXPE is trading below fair value, but not by a significant amount.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is DXP Enterprises forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


23.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DXPE's forecast earnings growth (23.8% per year) is above the savings rate (1.9%).

Earnings vs Market: DXPE's earnings (23.8% per year) are forecast to grow faster than the US market (14.8% per year).

High Growth Earnings: DXPE's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: DXPE's revenue (9.3% per year) is forecast to grow faster than the US market (7.7% per year).

High Growth Revenue: DXPE's revenue (9.3% 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 DXPE's Return on Equity is forecast to be high in 3 years time


Discover growth companies

Past Performance

How has DXP Enterprises performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-16.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: DXPE has high quality earnings.

Growing Profit Margin: DXPE became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: DXPE's earnings have declined by 16.5% per year over the past 5 years.

Accelerating Growth: DXPE has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: DXPE has become profitable in the last year, making it difficult to compare its past year earnings growth to the Trade Distributors industry (58.7%).


Return on Equity

High ROE: DXPE's Return on Equity (9.2%) is considered low.


Discover strong past performing companies

Financial Health

How is DXP Enterprises's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: DXPE's short term assets ($453.3M) exceed its short term liabilities ($237.7M).

Long Term Liabilities: DXPE's short term assets ($453.3M) exceed its long term liabilities ($370.7M).


Debt to Equity History and Analysis

Debt Level: DXPE's net debt to equity ratio (86.9%) is considered high.

Reducing Debt: DXPE's debt to equity ratio has increased from 85.5% to 92.4% over the past 5 years.

Debt Coverage: DXPE's debt is not well covered by operating cash flow (7.7%).

Interest Coverage: DXPE's interest payments on its debt are well covered by EBIT (3.1x coverage).


Balance Sheet


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Dividend

What is DXP Enterprises'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

  • Cash Flow Coverage

Dividend Yield vs Market

DXP Enterprises Dividend Yield vs Market
How does DXP Enterprises dividend yield compare to the market?
SegmentDividend Yield
Company (DXP Enterprises)n/a
Market Bottom 25% (US)1.7%
Market Top 25% (US)4.7%
Industry Average (Trade Distributors)2.7%
Analyst forecast in 3 Years (DXP Enterprises)n/a

Notable Dividend: Unable to evaluate DXPE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate DXPE'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 DXPE's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if DXPE'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 DXPE has not reported any payouts.


Discover strong dividend paying companies

Management

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

5.3yrs

Average management tenure


CEO

David Little (70 yo)

36.75yrs

Tenure

US$2,380,437

Compensation

Mr. David R. Little serves as the President of Best Equipment Service & Sales Company, LLC. Mr. Little has been the Chairman, Chief Executive Officer, President and Director of DXP Enterprises, Inc. since...


CEO Compensation Analysis

David Little's Compensation vs DXP Enterprises Earnings
How has David Little's remuneration changed compared to DXP Enterprises's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

US$35m

Mar 31 2022n/an/a

US$29m

Dec 31 2021US$2mUS$700k

US$16m

Sep 30 2021n/an/a

US$12m

Jun 30 2021n/an/a

-US$29m

Mar 31 2021n/an/a

-US$35m

Dec 31 2020US$2mUS$700k

-US$29m

Sep 30 2020n/an/a

-US$23m

Jun 30 2020n/an/a

US$25m

Mar 31 2020n/an/a

US$36m

Dec 31 2019US$3mUS$638k

US$37m

Sep 30 2019n/an/a

US$45m

Jun 30 2019n/an/a

US$40m

Mar 31 2019n/an/a

US$38m

Dec 31 2018US$2mUS$598k

US$38m

Sep 30 2018n/an/a

US$31m

Jun 30 2018n/an/a

US$26m

Mar 31 2018n/an/a

US$18m

Dec 31 2017US$2mUS$540k

US$17m

Sep 30 2017n/an/a

US$18m

Jun 30 2017n/an/a

US$15m

Mar 31 2017n/an/a

US$16m

Dec 31 2016US$2mUS$551k

US$8m

Sep 30 2016n/an/a

-US$3m

Jun 30 2016n/an/a

-US$55m

Mar 31 2016n/an/a

-US$53m

Dec 31 2015US$2mUS$600k

-US$39m

Compensation vs Market: David's total compensation ($USD2.38M) is about average for companies of similar size in the US market ($USD2.94M).

Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: DXPE's management team is seasoned and experienced (5.3 years average tenure).


Board Members

Experienced Board: DXPE's board of directors are considered experienced (4.5 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

NasdaqGS:DXPE Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
15 Dec 21SellUS$80,700Kent YeeIndividual3,000US$26.90
15 Dec 21SellUS$80,700Christopher GregoryIndividual3,000US$26.90

Ownership Breakdown

What is the ownership structure of DXPE?
Owner TypeNumber of SharesOwnership Percentage
Hedge Funds1,205,0316.4%
General Public2,176,84311.6%
Individual Insiders3,057,06316.2%
Institutions12,407,78265.8%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 77.49% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
14.71%
BlackRock, Inc.
2,772,634$69.3m-3.22%no data
7.35%
David Little
1,384,500$34.6m-0.12%no data
6.39%
Nantahala Capital Management, LLC
1,205,031$30.1m1.33%2.56%
6.13%
American Century Investment Management Inc
1,155,854$28.9m-17.32%0.02%
5.92%
The Vanguard Group, Inc.
1,116,361$27.9m0.88%no data
4.63%
Dimensional Fund Advisors LP
873,334$21.8m3.46%0.01%
4.3%
Nicholas Little
810,659$20.3m0%no data
3.42%
Paz Maestas
644,294$16.1m0.73%no data
3.21%
State Street Global Advisors, Inc.
604,522$15.1m-1.27%no data
2.69%
Mirae Asset Global Investments Co., Ltd
506,251$12.7m-11.09%0.02%
2.29%
Luther King Capital Management Corporation
431,028$10.8m0%0.06%
1.7%
Goldman Sachs Group, Investment Banking and Securities Investments
319,960$8.0m39.15%0.01%
1.55%
Geode Capital Management, LLC
291,616$7.3m-6.78%no data
1.51%
Invesco Capital Management LLC
284,389$7.1m-2.8%0.01%
1.41%
Northern Trust Global Investments
266,258$6.7m-5.53%no data
1.4%
Columbia Management Investment Advisers, LLC
264,738$6.6m1.4%no data
1.39%
Kent Lake Capital, LLC
261,202$6.5m0%3.53%
1.38%
Invesco Ltd.
260,970$6.5m-2.42%no data
1.33%
Medina Singh Partners, LLC
250,647$6.3m7.14%5.3%
1%
Charles Schwab Investment Management, Inc.
189,283$4.7m20.95%no data
0.83%
BNY Mellon Asset Management
155,969$3.9m-7.94%no data
0.79%
Acadian Asset Management LLC
149,822$3.7m16.21%0.01%
0.76%
Harber Capital LLC
142,876$3.6m0%1.13%
0.71%
SEI Investments Company
133,616$3.3m-7.27%0.01%
0.68%
Hotchkis and Wiley Capital Management, LLC
128,975$3.2m-7.7%0.01%

Company Information

DXP Enterprises, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: DXP Enterprises, Inc.
  • Ticker: DXPE
  • Exchange: NasdaqGS
  • Founded: 1908
  • Industry: Trading Companies and Distributors
  • Sector: Capital Goods
  • Implied Market Cap: US$470.980m
  • Shares outstanding: 18.85m
  • Website: https://www.dxpe.com

Number of Employees


Location

  • DXP Enterprises, Inc.
  • 5301 Hollister Street
  • Houston
  • Texas
  • 77040
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DXPENasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDOct 1994
DX7DB (Deutsche Boerse AG)YesCommon StockDEEUROct 1994

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/03 00:00
End of Day Share Price2022/10/03 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.