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GPC

Genuine Parts NYSE:GPC Stock Report

Last Price

US$152.67

Market Cap

US$21.6b

7D

-1.9%

1Y

23.0%

Updated

28 Sep, 2022

Data

Company Financials +
GPC fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
Past Performance5/6
Financial Health4/6
Dividends5/6

GPC Stock Overview

Genuine Parts Company distributes automotive replacement parts, and industrial parts and materials.

Genuine Parts Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Genuine Parts
Historical stock prices
Current Share PriceUS$152.67
52 Week HighUS$164.99
52 Week LowUS$115.63
Beta0.98
1 Month Change-2.85%
3 Month Change14.79%
1 Year Change22.96%
3 Year Change61.80%
5 Year Change59.88%
Change since IPO703.53%

Recent News & Updates

Sep 08
If EPS Growth Is Important To You, Genuine Parts (NYSE:GPC) Presents An Opportunity

If EPS Growth Is Important To You, Genuine Parts (NYSE:GPC) Presents An Opportunity

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...

Aug 28
Investors Could Be Concerned With Genuine Parts' (NYSE:GPC) Returns On Capital

Investors Could Be Concerned With Genuine Parts' (NYSE:GPC) Returns On Capital

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Amongst other things...

Shareholder Returns

GPCUS Retail DistributorsUS Market
7D-1.9%-0.7%-2.0%
1Y23.0%-1.1%-20.3%

Return vs Industry: GPC exceeded the US Retail Distributors industry which returned -3.5% over the past year.

Return vs Market: GPC exceeded the US Market which returned -22.1% over the past year.

Price Volatility

Is GPC's price volatile compared to industry and market?
GPC volatility
GPC Average Weekly Movement2.7%
Retail Distributors Industry Average Movement7.4%
Market Average Movement6.9%
10% most volatile stocks in US Market15.8%
10% least volatile stocks in US Market2.8%

Stable Share Price: GPC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: GPC's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
192852,000Paul Donahuehttps://www.genpt.com

Genuine Parts Company distributes automotive replacement parts, and industrial parts and materials. It operates through Automotive Parts Group and Industrial Parts Group segments. The company distributes automotive replacement parts for hybrid and electric vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, marine equipment, and heavy duty equipment; and accessory and supply items used by various automotive aftermarket customers, such as repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, industrial concerns, and individuals.

Genuine Parts Fundamentals Summary

How do Genuine Parts's earnings and revenue compare to its market cap?
GPC fundamental statistics
Market CapUS$21.59b
Earnings (TTM)US$1.10b
Revenue (TTM)US$20.52b

19.6x

P/E Ratio

1.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GPC income statement (TTM)
RevenueUS$20.52b
Cost of RevenueUS$13.32b
Gross ProfitUS$7.20b
Other ExpensesUS$6.09b
EarningsUS$1.10b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Oct 20, 2022

Earnings per share (EPS)7.80
Gross Margin35.07%
Net Profit Margin5.38%
Debt/Equity Ratio90.8%

How did GPC perform over the long term?

See historical performance and comparison

Dividends

2.3%

Current Dividend Yield

44%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is GPC 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 GPC?

Other financial metrics that can be useful for relative valuation.

GPC 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/Revenue1.2x
Enterprise Value/EBITDA13.4x
PEG Ratio3x

Price to Earnings Ratio vs Peers

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

GPC PE Ratio vs Peers
The above table shows the PE ratio for GPC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average35.8x
LKQ LKQ
10.9x-1.4%US$13.2b
POOL Pool
16.9x-1.9%US$13.0b
FHAI Microalliance Group
95.2xn/aUS$1.5b
FNKO Funko
20.1x43.8%US$1.0b
GPC Genuine Parts
19.6x6.6%US$21.6b

Price-To-Earnings vs Peers: GPC is good value based on its Price-To-Earnings Ratio (19.6x) compared to the peer average (35.8x).


Price to Earnings Ratio vs Industry

How does GPC's PE Ratio compare vs other companies in the Global Retail Distributors Industry?

Price-To-Earnings vs Industry: GPC is expensive based on its Price-To-Earnings Ratio (19.6x) compared to the Global Retail Distributors industry average (14.7x)


Price to Earnings Ratio vs Fair Ratio

What is GPC'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.

GPC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.6x
Fair PE Ratio14.6x

Price-To-Earnings vs Fair Ratio: GPC is expensive based on its Price-To-Earnings Ratio (19.6x) compared to the estimated Fair Price-To-Earnings Ratio (14.6x).


Share Price vs Fair Value

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

Below Fair Value: GPC ($152.67) is trading below our estimate of fair value ($199.68)

Significantly Below Fair Value: GPC is trading below fair value by more than 20%.


Analyst Price Targets

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

Analyst Forecast: Target price is lower than the current share price.


Discover undervalued companies

Future Growth

How is Genuine Parts forecast to perform in the next 1 to 3 years based on estimates from 12 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


6.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GPC's forecast earnings growth (6.6% per year) is above the savings rate (1.9%).

Earnings vs Market: GPC's earnings (6.6% per year) are forecast to grow slower than the US market (14.8% per year).

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

Revenue vs Market: GPC's revenue (3.5% per year) is forecast to grow slower than the US market (7.6% per year).

High Growth Revenue: GPC's revenue (3.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GPC's Return on Equity is forecast to be high in 3 years time (30.6%)


Discover growth companies

Past Performance

How has Genuine Parts performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


2.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: GPC has high quality earnings.

Growing Profit Margin: GPC's current net profit margins (5.4%) are higher than last year (4.6%).


Past Earnings Growth Analysis

Earnings Trend: GPC's earnings have grown by 2.1% per year over the past 5 years.

Accelerating Growth: GPC's earnings growth over the past year (34.7%) exceeds its 5-year average (2.1% per year).

Earnings vs Industry: GPC earnings growth over the past year (34.7%) underperformed the Retail Distributors industry 39.3%.


Return on Equity

High ROE: GPC's Return on Equity (30.2%) is considered high.


Discover strong past performing companies

Financial Health

How is Genuine Parts's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: GPC's short term assets ($8.5B) exceed its short term liabilities ($7.3B).

Long Term Liabilities: GPC's short term assets ($8.5B) exceed its long term liabilities ($5.3B).


Debt to Equity History and Analysis

Debt Level: GPC's net debt to equity ratio (76.6%) is considered high.

Reducing Debt: GPC's debt to equity ratio has increased from 28.5% to 90.8% over the past 5 years.

Debt Coverage: GPC's debt is well covered by operating cash flow (40.5%).

Interest Coverage: GPC's interest payments on its debt are well covered by EBIT (22.7x coverage).


Balance Sheet


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Dividend

What is Genuine Parts's current dividend yield, its reliability and sustainability?

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


2.34%

Current Dividend Yield

Dividend Yield vs Market

Genuine Parts Dividend Yield vs Market
How does Genuine Parts dividend yield compare to the market?
SegmentDividend Yield
Company (Genuine Parts)2.3%
Market Bottom 25% (US)1.6%
Market Top 25% (US)4.6%
Industry Average (Retail Distributors)2.0%
Analyst forecast in 3 Years (Genuine Parts)2.6%

Notable Dividend: GPC's dividend (2.34%) is higher than the bottom 25% of dividend payers in the US market (1.67%).

High Dividend: GPC's dividend (2.34%) is low compared to the top 25% of dividend payers in the US market (4.69%).


Stability and Growth of Payments

Stable Dividend: GPC's dividends per share have been stable in the past 10 years.

Growing Dividend: GPC's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (44.1%), GPC's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (49.8%), GPC's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

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

4.5yrs

Average management tenure


CEO

Paul Donahue (65 yo)

10.42yrs

Tenure

US$11,810,704

Compensation

Mr. Paul D. Donahue serves as Director at Truist Financial Corporation since December 6, 2019. Mr. Donahue has been the Chief Executive Officer of Genuine Parts Company since May 1, 2016 and served as its...


CEO Compensation Analysis

Paul Donahue's Compensation vs Genuine Parts Earnings
How has Paul Donahue's remuneration changed compared to Genuine Parts's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

US$1b

Mar 31 2022n/an/a

US$927m

Dec 31 2021US$12mUS$1m

US$899m

Sep 30 2021n/an/a

US$814m

Jun 30 2021n/an/a

US$819m

Mar 31 2021n/an/a

US$259m

Dec 31 2020US$9mUS$1m

US$163m

Sep 30 2020n/an/a

US$71m

Jun 30 2020n/an/a

US$50m

Mar 31 2020n/an/a

US$623m

Dec 31 2019US$8mUS$1m

US$646m

Sep 30 2019n/an/a

US$754m

Jun 30 2019n/an/a

US$762m

Mar 31 2019n/an/a

US$780m

Dec 31 2018US$5mUS$1m

US$750m

Sep 30 2018n/an/a

US$732m

Jun 30 2018n/an/a

US$670m

Mar 31 2018n/an/a

US$633m

Dec 31 2017US$5mUS$1m

US$617m

Sep 30 2017n/an/a

US$661m

Jun 30 2017n/an/a

US$688m

Mar 31 2017n/an/a

US$689m

Dec 31 2016US$4mUS$840k

US$687m

Sep 30 2016n/an/a

US$696m

Jun 30 2016n/an/a

US$699m

Mar 31 2016n/an/a

US$703m

Dec 31 2015US$2mUS$650k

US$706m

Compensation vs Market: Paul's total compensation ($USD11.81M) is about average for companies of similar size in the US market ($USD13.05M).

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


Leadership Team

Experienced Management: GPC's management team is considered experienced (4.5 years average tenure).


Board Members

Experienced Board: GPC's board of directors are considered experienced (9.5 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

NYSE:GPC Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
02 Mar 22BuyUS$100,186Robert LoudermilkIndividual813US$123.23
25 Feb 22BuyUS$100,198Robert LoudermilkIndividual824US$121.60
24 Feb 22BuyUS$261,492John HolderIndividual2,200US$118.86

Ownership Breakdown

What is the ownership structure of GPC?
Owner TypeNumber of SharesOwnership Percentage
State or Government60,6440.04%
Individual Insiders323,1330.2%
Employee Share Scheme1,501,5001.1%
General Public27,660,34219.6%
Institutions111,885,32979.1%

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


Top Shareholders

Top 25 shareholders own 52.07% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
12.37%
The Vanguard Group, Inc.
17,501,797$2.7b2.42%0.06%
8.82%
BlackRock, Inc.
12,472,719$1.9b-2.89%0.05%
5.7%
State Street Global Advisors, Inc.
8,061,113$1.2b4.04%0.07%
3.52%
Charles Schwab Investment Management, Inc.
4,983,048$760.8m2.52%0.2%
1.97%
Geode Capital Management, LLC
2,787,817$425.6m1.56%0.05%
1.94%
Wells Fargo & Company, Securities and Brokerage Investments
2,741,334$418.5m1.43%0.18%
1.23%
GAMCO Investors, Inc.
1,735,955$265.0m-1.67%1.13%
1.21%
Cullen Capital Management, LLC
1,708,791$260.9m2.64%2.68%
1.14%
BB&T Trust
1,608,875$245.6m-3.23%0.53%
1.1%
Stifel Asset Management Corp.
1,550,574$236.7m1.69%0.38%
1.09%
Northern Trust Global Investments
1,548,271$236.4m-3.17%0.05%
1.06%
Genuine Parts Co., ESOP
1,501,500$229.2m0%no data
1%
UBS Asset Management
1,415,733$216.1m5.01%0.04%
0.99%
BNY Mellon Asset Management
1,402,549$214.1m-4.66%0.05%
0.97%
Capital Research and Management Company
1,377,500$210.3m39.85%0.01%
0.97%
J.P. Morgan Asset Management, Inc.
1,366,906$208.7m-0.15%0.04%
0.93%
Norges Bank Investment Management
1,313,586$200.5m0%0.03%
0.91%
Legal & General Investment Management Limited
1,292,914$197.4m0.95%0.06%
0.89%
ProShare Advisors LLC
1,261,769$192.6m7.35%0.64%
0.74%
Arrowstreet Capital, Limited Partnership
1,048,020$160.0m18.42%0.23%
0.74%
Eaton Vance Management
1,043,618$159.3m6.67%0.06%
0.74%
California Public Employees' Retirement System
1,042,920$159.2m-2.58%0.15%
0.71%
Caisse de dépôt et placement du Québec
1,005,646$153.5m1.93%0.2%
0.66%
Morgan Stanley, Investment Banking and Brokerage Investments
935,505$142.8m-3%0.03%
0.66%
Hamlin Capital Management, LLC
934,804$142.7m0.84%5.69%

Company Information

Genuine Parts Company's employee growth, exchange listings and data sources


Key Information

  • Name: Genuine Parts Company
  • Ticker: GPC
  • Exchange: NYSE
  • Founded: 1928
  • Industry: Distributors
  • Sector: Retail
  • Implied Market Cap: US$21.592b
  • Shares outstanding: 141.43m
  • Website: https://www.genpt.com

Number of Employees


Location

  • Genuine Parts Company
  • 2999 Wildwood Parkway
  • Atlanta
  • Georgia
  • 30339
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GPCNYSE (New York Stock Exchange)YesCommon StockUSUSDAug 1968
GPTDB (Deutsche Boerse AG)YesCommon StockDEEURAug 1968
GPTXTRA (XETRA Trading Platform)YesCommon StockDEEURAug 1968
0IUXLSE (London Stock Exchange)YesCommon StockGBUSDAug 1968
GPC *BMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNAug 1968
G1PC34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH 2 REPR 1 COMBRBRLJan 2020

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/28 00:00
End of Day Share Price2022/09/28 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.