Financials Dorman Products, Inc.

Equities

DORM

US2582781009

Auto, Truck & Motorcycle Parts

Real-time Estimate Cboe BZX Other stock markets 02:05:31 2024-05-06 pm EDT			5-day change	1st Jan Change
92.16 ^USD	+1.34%		+3.73%	+10.39%

Feb. 28	Tranche Update on Dorman Products, Inc.'s Equity Buyback Plan announced on December 12, 2013.	CI
Feb. 28	Barrington Boosts Price Target on Dorman Products to $110-$120 Range From $90 as Q4 Earnings Exceed Expectations, Reiterates Outperform Rating	MT

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	2,468	2,803	3,574	2,541	2,626	2,822	-
Enterprise Value (EV) ¹	2,468	2,803	3,574	2,541	2,626	2,822	2,822
P/E ratio	29.6 x	26.3 x	27.4 x	21 x	20.3 x	16.4 x	15.1 x
Yield	-	-	-	-	-	-	-
Capitalization / Revenue	2.49 x	2.57 x	2.66 x	1.47 x	1.36 x	1.41 x	1.35 x
EV / Revenue	2.49 x	2.57 x	2.66 x	1.47 x	1.36 x	1.41 x	1.35 x
EV / EBITDA	18.2 x	16.2 x	15.7 x	10.1 x	9.12 x	8.87 x	8.23 x
EV / FCF	37,533,683 x	20,533,352 x	44,396,141 x	-	-	-	-
FCF Yield	0%	0%	0%	-	-	-	-
Price to Book	3.19 x	3.27 x	3.83 x	-	-	-	-
Nbr of stocks (in thousands)	32,590	32,287	31,624	31,419	31,488	31,026	-
Reference price ²	75.72	86.82	113.0	80.87	83.41	90.95	90.95
Announcement Date	2/24/20	2/22/21	2/22/22	2/28/23	2/26/24	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	991.3	1,093	1,345	1,734	1,930	2,004	2,092
EBITDA ¹	135.7	173	228.2	252.5	288	318.1	342.7
EBIT ¹	105.8	140.7	193	207.9	233.3	261.5	283.5
Operating Margin	10.68%	12.87%	14.34%	11.99%	12.09%	13.05%	13.55%
Earnings before Tax (EBT) ¹	105.8	135.7	169.8	156.2	168.5	211.8	235
Net income ¹	83.76	106.9	131.5	121.5	129.3	174.8	189.2
Net margin	8.45%	9.78%	9.78%	7.01%	6.7%	8.73%	9.05%
EPS ²	2.560	3.300	4.120	3.850	4.100	5.550	6.010
Free Cash Flow	65.75	136.5	80.5	-	-	-	-
FCF margin	6.63%	12.49%	5.98%	-	-	-	-
FCF Conversion (EBITDA)	48.46%	78.91%	35.28%	-	-	-	-
FCF Conversion (Net income)	78.49%	127.74%	61.2%	-	-	-	-
Dividend per Share	-	-	-	-	-	-	-
Announcement Date	2/24/20	2/22/21	2/22/22	2/28/23	2/26/24	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1
Net sales ¹	348.4	398.2	401.6	417.4	413.5	501.3	466.7	480.6	488.2	494.3	472.5	498.4	511.9	521	489.8
EBITDA ¹	57.58	65.78	63.6	62.86	61.47	64.6	47.42	67.53	82.98	97.16	60.01	74.31	88.66	98.28	65.89
EBIT ¹	49.5	55.52	53.86	53	49.94	51.05	33.88	54.1	69.16	83.21	42.23	60.68	73.52	85.03	46.73
Operating Margin	14.21%	13.94%	13.41%	12.7%	12.08%	10.18%	7.26%	11.26%	14.17%	16.83%	8.94%	12.18%	14.36%	16.32%	9.54%
Earnings before Tax (EBT) ¹	43.55	43.9	45.56	48.01	39.69	22.94	6.518	43.03	52.6	66.36	33.04	47.15	61.01	70.55	39.08
Net income ¹	33.1	34.08	35.21	37.9	30.6	17.84	5.683	32.77	40.52	50.28	34.4	40.23	47.84	52.38	40.34
Net margin	9.5%	8.56%	8.77%	9.08%	7.4%	3.56%	1.22%	6.82%	8.3%	10.17%	7.28%	8.07%	9.34%	10.05%	8.24%
EPS ²	1.040	1.070	1.110	1.200	0.9700	0.5700	0.1800	1.040	1.280	1.600	1.090	1.280	1.520	1.660	1.280
Dividend per Share	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	10/25/21	2/22/22	4/25/22	7/25/22	10/24/22	2/28/23	5/2/23	8/1/23	10/31/23	2/26/24	-	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	65.7	137	80.5	-	-	-	-
ROE (net income / shareholders' equity)	11.2%	13.1%	16.6%	-	-	-	-
ROA (Net income/ Total Assets)	8.3%	9.45%	10.3%	-	-	-	-
Assets ¹	1,009	1,131	1,283	-	-	-	-
Book Value Per Share	23.80	26.50	29.50	-	-	-	-
Cash Flow per Share	-	-	-	-	-	-	-
Capex	29.6	15.5	19.8	-	-	-	-
Capex / Sales	2.98%	1.41%	1.47%	-	-	-	-
Announcement Date	2/24/20	2/22/21	2/22/22	2/28/23	2/26/24	-	-

¹USD in Million

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Ratings for Dorman Products, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

B-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

90.95 USD

Average target price

106 USD

Spread / Average Target

+16.55%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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