Dorman Products Intrinsic Stock Value – DORMAN PRODUCTS Reports Record-Breaking Second Quarter of FY2023 With Total Revenue of USD 480.6 Million and Net Income of USD 32.8 Million
August 25, 2023
🌥️Earnings Overview
For the second quarter of FY2023, ending June 30 2023, DORMAN PRODUCTS ($NASDAQ:DORM) recorded USD 480.6 million in total revenue, an increase of 15.1% compared to the same period last year. However, their net income decreased by 13.5%, standing at USD 32.8 million.
Share Price
On Tuesday, DORMAN PRODUCTS reported record-breaking second quarter of FY2023 with total revenue of USD 480.6 million and net income of USD 32.8 million. As a result, its stock opened at $81.4 and closed at $86.7, up by 2.4% from last closing price of 84.7. Moreover, profits increased by double digits in multiple categories, such as automotive and hard parts, indicating a healthy demand for the company’s products.
Shareholders are pleased with the company’s strong performance in the second quarter of FY2023 and its outlook for the remainder of the fiscal year. As a result, the stock has been trading higher and is expected to continue its upward trend in the near future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Dorman Products. More…
| Total Revenues | Net Income | Net Margin |
| 1.86k | 86.89 | 4.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Dorman Products. More…
| Operations | Investing | Financing |
| 97.19 | -534.54 | 421.09 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Dorman Products. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.26k | 1.17k | 34.49 |
Key Ratios Snapshot
Some of the financial key ratios for Dorman Products are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 23.7% | 17.4% | 8.0% |
| FCF Margin | ROE | ROA |
| 2.8% | 8.8% | 4.1% |
Analysis – Dorman Products Intrinsic Stock Value
At GoodWhale, we conducted an analysis of DORMAN PRODUCTS‘s wellbeing. Through our proprietary Valuation Line, we determined that the fair value of DORMAN PRODUCTS share is around $127.2. Currently, DORMAN PRODUCTS stock is traded at $86.7, which is undervalued by 31.9%. This presents a great opportunity for potential investors to reap the benefits of investing in a company with an undervalued stock. More…
Peers
The company competes with Hwaseung R&A Co Ltd, Shanghai Baolong Automotive Corp, Inter Cars SA. Dorman Products Inc offers a wide range of products including engine parts, suspension parts, electrical parts, and more. The company has a strong focus on quality and customer service.
– Hwaseung R&A Co Ltd ($KOSE:378850)
Hwaseung R&A Co Ltd is a South Korean conglomerate. It is the holding company of the Hwaseung Group, which consists of businesses in the auto parts, chemicals, and electronics industries. The company has a market cap of 71.31B as of 2022, and a return on equity of 8.21%. Hwaseung R&A Co Ltd is a publicly traded company on the Korea Exchange (KRX).
– Shanghai Baolong Automotive Corp ($SHSE:603197)
Shanghai Baolong Automotive Corp is a publicly traded company with a market capitalization of $9.01 billion as of 2022. The company has a return on equity of 10.38%. Shanghai Baolong Automotive Corp is engaged in the manufacture and sale of automotive parts and components. The company’s products include engine parts, transmission parts, suspension parts, and electrical parts. Shanghai Baolong Automotive Corp has a strong presence in the Chinese automotive market and is expanding its operations into other markets, such as the United States.
– Inter Cars SA ($LTS:0LUR)
Inter Cars SA is a Polish automotive parts and accessories retailer and distributor. The company operates through three segments: Retail, Wholesale, and E-commerce. It offers a range of products, including car parts, tools, equipment, and chemicals. As of 2022, Inter Cars SA had a market cap of 5.24 billion Polish zlotys and a return on equity of 18.9%.
Summary
DORMAN PRODUCTS reported strong second quarter results in FY2023, with total revenue of USD 480.6 million and net income of USD 32.8 million. This was a 15.1% increase in revenue from the same period a year ago, but a 13.5% decline in net income. Investors should consider the relatively stable performance of DORMAN PRODUCTS despite economic uncertainty, and examine whether there are potential opportunities for growth in the future.
Long-term investors may be looking for potential catalysts that could drive the company’s share price higher in the coming quarters. In the short term, investors should closely monitor the current economic environment to assess if DORMAN PRODUCTS can continue to generate profits.
