Dorman Products, Inc.

Consumer Discretionary
Auto Parts:O.E.M.
www.dormanproducts.com

Earnings Score
Moat Score
Safety Score

Market Cap $4.20B
PE 23
Debt $473.79M
Cash $45.13M
EV $4.63B
FCF $176.99M

Earnings

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Sales & Net Margins

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Earnings	$185.78M
EBIT	$283.40M
ROE	15%
ROA	12%
FCF	$176.99M
Equity	$1.23B
Growth Stability	73%
PE	22.61
PEG	1.95
PB	3.4
P/FCF	23.74
P/S	2.13
Price/Cash	0.01
Debt/Equity	0.38
Debt/FCF	2.68
Net Margins	9%
Gross Margins	40%
Op. Margins	14%
Earnings CAGR	4%
Sales Growth YoY	3%
Sales Growth QoQ	0%
Sales CAGR	12%
FCF CAGR	-2%
Equity CAGR	10%
Earnings Stability	0.2
Earnings Growth YoY	36%
Earnings Growth QoQ	17%

Earnings CAGR 5Y	12%
Sales CAGR 5Y	19%
FCF CAGR 5Y	-6%
Equity CAGR 5Y	10%
Earnings CAGR 3Y	14%
Sales CAGR 3Y	14%
FCF CAGR 3Y	89%
Equity CAGR 3Y	11%
Market Cap	$4.20B
Revenue	$1.97B
Assets	$2.36B
Total Debt	$473.79M
Cash	$45.13M
Shares Outstanding	30.52M
EV	4.63B
Earnings Score	8%
Moat Score	92%
Safety Score	89%
Final Score	63%
Working Capital	754.75M
Current Ratio	2.34
Gross Profit	$778.87M
Shares Growth 3y	-1%
Equity Growth QoQ	3%
Equity Growth YoY	9%

Assets & ROA

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Stockholders Equity & ROE

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Dorman Products Inc is a supplier of original equipment parts for automobiles. The company produces automotive and heavy duty replacement parts, automotive hardware, brake parts, and fasteners to the automotive and heavy duty aftermarket. The products are sold under the Dorman brand and its sub-brands OE Solutions, Help!, Conduct-Tite, and HD Solutions through aftermarket retailers, regional and local warehouse distributors, specialty markets, and salvage yards. The company operates primarily in the United States.

SEC Filings

Direct access to Dorman Products, Inc. (DORM) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 28
- 10-Q Jun 29
- 10-Q Mar 30
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jul 01
- 10-Q Apr 01
2022
- 10-K Dec 31
- 10-Q Sep 24
- 10-Q Jun 25
- 10-Q Mar 26

Sector Comparison

How does Dorman Products, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Dorman Products, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 4%

Stability 20%

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Dorman Products, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Dorman Products, Inc..

Years

Calculation mode

= $1.6B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$177M	$174M	$171M	$169M	$166M	$163M	$161M	$158M	$156M	$153M	$151M	$1.5B
DCF		$158M	$142M	$127M	$113M	$101M	$91M	$81M	$73M	$65M	$58M	$581M
Value	$1.6B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	12%	11%	12%	12%	14%	8%	10%	10%	7%	7%	9%
ROA	-	24%	24%	23%	19%	10%	11%	10%	7%	9%	12%
ROE	-	18%	18%	17%	18%	11%	13%	14%	12%	11%	15%

Net Margins (9.18%)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-	-	-	-	-	-	0	130.08	2.93	2.68
Debt over Equity	-	-	-	-	-	-	-	0	0.47	0.41	0.38
Growth Stability	-	-	-	100%	100%	73%	99%	100%	100%	100%	73%

Neutral Debt/FCF ratio (2.68)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Good Debt/Equity ratio (0.38)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (73%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	7%	7%	5%	8%	2%	10%	23%	29%	11%	19%
Earnings YoY growth	-	3%	15%	1%	25%	-37%	28%	23%	-8%	6%	12%
Equity YoY growth	-	12%	16%	6%	15%	6%	10%	9%	12%	12%	10%
FCF YoY growth	-	136%	44%	-31%	-25%	26%	108%	-41%	-95%	4K%	-6%