Allspring Global Investments Holdings LLC Increases Investment in XPEL,
October 21, 2023
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XPEL ($NASDAQ:XPEL), Inc. recently received an increase in holdings from Allspring Global Investments Holdings LLC. XPEL is an American company that designs and manufactures automotive paint protection film and window tint products. The company offers a range of product lines, including pre-cut paint protection film, window films, and custom-made patterns. XPEL also provides training and support services, such as installation kits, digital design services, and software programs. The company’s products are used to protect vehicles from damage caused by road debris, corrosion, and UV light. The increased investment from Allspring Global Investments Holdings LLC will allow XPEL to further expand its reach and improve its offerings. This will enable XPEL to develop new products and increase its market share globally.
In addition, the investment will also help XPEL to strengthen their presence in current markets and pursue strategic partnerships with various automotive companies and dealerships. The increased investment will also enable XPEL to further strengthen its position in the automotive paint protection industry.
Share Price
On Friday, Allspring Global Investments Holdings LLC made a significant investment in XPEL, Inc. This move made XPEL stock open at $50.6 and close at $51.9, a jump of 2.4% from the last closing of $50.6. The increase in stock value was a sign of the positive outlook that investors have on XPEL’s future prospects. This new investment in XPEL is an indication of the company’s secure future and has given investors renewed confidence in its business operations. The increased stock value shows that the company is well-positioned to capitalize on the current market conditions and is likely to benefit from further growth in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Xpel. More…
| Total Revenues | Net Income | Net Margin |
| 356.32 | 48.85 | 13.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Xpel. More…
| Operations | Investing | Financing |
| 41.95 | -17.82 | -19.21 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Xpel. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 216.66 | 63.35 | 5.55 |
Key Ratios Snapshot
Some of the financial key ratios for Xpel are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 36.8% | 51.3% | 17.7% |
| FCF Margin | ROE | ROA |
| 9.3% | 27.2% | 18.2% |
Analysis
We have conducted an analysis of XPEL‘s fundamentals and, based on our star chart, have concluded that it is classified as a ‘gorilla’, a type of company that has achieved stable and high revenue or earning growth due to its strong competitive advantage. We believe that this type of company is likely to be attractive to investors who are looking for growth and stability in their investments. Moreover, XPEL has a high health score of 10/10 with regards to its cashflows and debt, meaning that it is suitable for long-term investments and is capable of riding out any crisis without the risk of bankruptcy. We have also determined that XPEL is strong in terms of assets, growth, and profitability but weak in terms of dividend payouts. This makes it an attractive option for growth-oriented investors who may not be interested in receiving dividends. More…
Peers
In the automotive industry, there are many suppliers of aftermarket paint and film protection products. The company has a long history and experience in this field, and its products are of high quality.
However, XPEL Inc faces stiff competition from its rivals, such as Mingxin Automotive Leather Co Ltd, Schaeffler India Ltd, and Wuhan Kotei Informatics Co Ltd.
– Mingxin Automotive Leather Co Ltd ($SHSE:605068)
Mingxin Automotive Leather Co Ltd is a publicly traded company with a market capitalization of 4.83 billion as of 2022. The company’s return on equity is 3.57%. Mingxin Automotive Leather Co Ltd is engaged in the manufacture and sale of automotive leather products. The company’s products are used in the manufacture of automobile seats and interiors.
– Schaeffler India Ltd ($BSE:505790)
Schaeffler India Ltd is an automotive and industrial supplier of bearings, components and services with a market cap of 462.71B as of 2022. The company has a Return on Equity of 18.35%. Schaeffler India Ltd is a subsidiary of Schaeffler AG, a global automotive and industrial supplier. The company supplies bearings, components and services for the automotive, aerospace, railway, construction and industrial machinery sectors. Schaeffler India’s product portfolio includes ball bearings, roller bearings, plain bearings, linear products, steering systems, engine components and transmission components.
– Wuhan Kotei Informatics Co Ltd ($SZSE:301221)
Wuhan Kotei Informatics Co Ltd is a Chinese company that specializes in big data and artificial intelligence. The company has a market cap of 4.41B as of 2022 and a Return on Equity of 1.0%. The company’s products and services are used by major corporations and government agencies in China.
Summary
XPEL Inc. has recently seen an increase in investors, as Allspring Global Investments Holdings LLC has boosted its position in the company. Analysts have noted that XPEL’s film and coatings products, which protect vehicle exteriors from damage, have provided solid returns in the past. Further, XPEL’s recent entry into the automotive aftermarket with its DIY Paint Protection Film Kits is expected to generate significant opportunities. The company has also been steadily increasing its presence in the global market through strategic partnerships and acquisitions.
Consequently, analysts are optimistic about XPEL’s financial performance in the near future. Potential investors are advised to consider XPEL’s financials and track the company’s progress to determine if it is a good long-term investment.
