NasdaqGS:PRTS

Stock Analysis Report

U.S. Auto Parts Network

Executive Summary

U.S. Auto Parts Network, Inc., together with its subsidiaries, operates as an online provider of aftermarket auto parts and accessories primarily in the United States and the Philippines.

Risk Analysis

Has less than 1 year of cash runway

Currently unprofitable and not forecast to become profitable over the next 3 years

Highly volatile share price over past 3 months

Does not have a meaningful market cap ($98M)



Snowflake Analysis

Adequate balance sheet and overvalued.


Similar Companies

Share Price & News

How has U.S. Auto Parts Network's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PRTS's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

7.1%

PRTS

3.0%

US Online Retail

1.5%

US Market


1 Year Return

155.1%

PRTS

29.2%

US Online Retail

20.1%

US Market

Return vs Industry: PRTS exceeded the US Online Retail industry which returned 29.2% over the past year.

Return vs Market: PRTS exceeded the US Market which returned 20.1% over the past year.


Shareholder returns

PRTSIndustryMarket
7 Day7.1%3.0%1.5%
30 Day-2.5%5.9%1.4%
90 Day14.7%19.1%8.7%
1 Year155.1%155.1%29.3%29.2%22.7%20.1%
3 Year-15.0%-15.0%111.6%111.4%50.1%40.5%
5 Year-12.5%-12.5%218.0%204.0%73.1%54.1%

Price Volatility Vs. Market

How volatile is U.S. Auto Parts Network's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is U.S. Auto Parts Network undervalued compared to its fair value and its price relative to the market?

2.74x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate PRTS's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate PRTS's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: PRTS is unprofitable, so we can't compare its PE Ratio to the Online Retail industry average.

PE vs Market: PRTS is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PRTS's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PRTS is good value based on its PB Ratio (2.7x) compared to the US Online Retail industry average (3x).


Next Steps

Future Growth

How is U.S. Auto Parts Network forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

76.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PRTS is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: PRTS is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: PRTS is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: PRTS's revenue (4.6% per year) is forecast to grow slower than the US market (7.6% per year).

High Growth Revenue: PRTS's revenue (4.6% 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 PRTS's Return on Equity is forecast to be high in 3 years time


Next Steps

  • Explore growth companies in the Retail industry.

Past Performance

How has U.S. Auto Parts Network performed over the past 5 years?

7.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PRTS is currently unprofitable.

Growing Profit Margin: PRTS is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PRTS is unprofitable, but has reduced losses over the past 5 years at a rate of 7.8% per year.

Accelerating Growth: Unable to compare PRTS's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: PRTS is unprofitable, making it difficult to compare its past year earnings growth to the Online Retail industry (15%).


Return on Equity

High ROE: PRTS has a negative Return on Equity (-30.61%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is U.S. Auto Parts Network's financial position?


Financial Position Analysis

Short Term Liabilities: PRTS's short term assets ($57.4M) exceed its short term liabilities ($54.3M).

Long Term Liabilities: PRTS's short term assets ($57.4M) exceed its long term liabilities ($15.5M).


Debt to Equity History and Analysis

Debt Level: PRTS's debt to equity ratio (4.7%) is considered satisfactory.

Reducing Debt: PRTS's debt to equity ratio has reduced from 58.7% to 4.7% over the past 5 years.


Balance Sheet

Inventory Level: PRTS has a high level of physical assets or inventory.

Debt Coverage by Assets: PRTS's debt is covered by short term assets (assets are 34.1x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: PRTS has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: PRTS has less than a year of cash runway if free cash flow continues to grow at historical rates of 17.3% each year.


Next Steps

Dividend

What is U.S. Auto Parts Network's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage1.5%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

High Dividend: Unable to evaluate PRTS's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if PRTS's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PRTS'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 PRTS'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?

1.0yrs

Average management tenure


CEO

Lev Peker (37yo)

1.1yrs

Tenure

0

Mr. Lev Peker has been Chief Executive Officer and Director of U.S. Auto Parts Network, Inc. since January 2, 2019. Mr. Peker served as chief marketing officer of Adorama, a leading online destination for  ...


Leadership Team

NamePositionTenureCompensationOwnership
Sol Khazani
Co-founder & Director19.1yrsno data6.95% $6.8m
Mehran Nia
Consultant & Director1.8yrsno data10.93% $10.7m
Lev Peker
CEO & Director1.1yrsno data0.26% $259.0k
David Meniane
COO & CFO0.9yrsno data0.29% $279.8k
Sanjiv Gomes
Interim Chief Technology Officer1.1yrsno data0.20% $197.7k
Alfredo Gomez
VP & General Counsel0.9yrsno data0.23% $221.3k
Houman Akhavan
Chief Marketing Officer1yrsUS$437.65k0.056% $54.6k
David Morris
Chief Merchandising Officer0.08yrsno datano data

1.0yrs

Average Tenure

46yo

Average Age

Experienced Management: PRTS's management team is not considered experienced ( 1 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Sol Khazani
Co-founder & Director19.1yrsno data6.95% $6.8m
Mehran Nia
Consultant & Director1.8yrsno data10.93% $10.7m
Lev Peker
CEO & Director1.1yrsno data0.26% $259.0k
Warren Phelps
Independent Chairman of the Board2.5yrsUS$143.69k0.36% $351.5k
Jay Greyson
Independent Director5.7yrsUS$107.00k0.24% $233.7k
Joshua Berman
Independent Director12.3yrsUS$91.19k0.12% $114.2k
Jim Barnes
Director0.3yrsno data0.035% $34.0k
David Kanen
Director1.1yrsno data0.64% $630.4k

2.1yrs

Average Tenure

53yo

Average Age

Experienced Board: PRTS's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

Insider Buying: PRTS 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

U.S. Auto Parts Network, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: U.S. Auto Parts Network, Inc.
  • Ticker: PRTS
  • Exchange: NasdaqGS
  • Founded: 1995
  • Industry: Internet and Direct Marketing Retail
  • Sector: Retail
  • Market Cap: US$98.161m
  • Shares outstanding: 35.96m
  • Website: https://www.usautoparts.net

Number of Employees


Location

  • U.S. Auto Parts Network, Inc.
  • 16941 Keegan Avenue
  • Carson
  • California
  • 90746
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PRTSNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDFeb 2007

Biography

U.S. Auto Parts Network, Inc., together with its subsidiaries, operates as an online provider of aftermarket auto parts and accessories primarily in the United States and the Philippines. It offers collision parts, such as parts for the exterior of an automobile; mirror products; engine parts comprising engine and chassis components, as well as other mechanical and electrical parts; and performance parts and accessories to individual consumers through its network of e-commerce Websites and online marketplaces. The company also sells and delivers auto parts to collision repair shops from its Chesapeake, Virginia warehouse facility; markets Kool-Vue products to auto parts wholesale distributors; aftermarket catalytic converters under the Evan Fischer brand; and serves consumers by operating a retail outlet store in LaSalle, Illinois. Its flagship Websites include autopartswarehouse.com, carparts.com, and jcwhitney.com. U.S. Auto Parts Network, Inc. was founded in 1995 and is headquartered in Carson, California. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/17 00:22
End of Day Share Price2020/02/14 00:00
Earnings2019/09/28
Annual Earnings2018/12/29


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.