MPAA Stock Fair Value Calculator – MOTORCAR PARTS OF AMERICA Reports 14% Increase in Revenue for Fiscal Year 2024 Second Quarter
November 21, 2023
☀️Earnings Overview
Motorcar ($NASDAQ:MPAA) Parts of America reported their fiscal year 2024 second quarter earnings results on November 9 2023, with total revenue at USD 196.6 million, a 14.0% increase from the same period in the previous year. However, their net income for the quarter was USD -2.0 million, a decrease of 6.5 million from the same period of the year prior.
Analysis – MPAA Stock Fair Value Calculator
GoodWhale recently conducted an analysis of MOTORCAR PARTS OF AMERICA’s (MPA) fundamentals and based on their proprietary Valuation Line, they have determined the intrinsic value of MPA’s share to be around $16.9. This calculation is a result of assessing the company’s financial performance, business prospects and potential for growth. Currently, MPA’s stock is being traded at $8.0, which is a massive 52.6% undervaluation of the company’s actual worth. This presents a great buying opportunity for savvy investors looking to capitalize on the discrepancy between market value and intrinsic value. GoodWhale encourages investors to take advantage of this potential gain and invest in MPA’s stock now. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for MPAA. More…
| Total Revenues | Net Income | Net Margin |
| 702.89 | -0.88 | -1.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for MPAA. More…
| Operations | Investing | Financing |
| -9.97 | -1.48 | 13.63 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for MPAA. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.07k | 741.64 | 16.59 |
Key Ratios Snapshot
Some of the financial key ratios for MPAA are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.1% | 29.4% | 7.2% |
| FCF Margin | ROE | ROA |
| -1.7% | 9.8% | 3.0% |
Peers
The competition between Motorcar Parts of America Inc and its competitors is fierce. India Motor Parts & Accessories Ltd, Solid Automotive Bhd, and Dorman Products Inc are all major players in the automotive parts and accessories industry. Each company is striving to gain market share and improve their bottom line. Motorcar Parts of America Inc is no different. The company is constantly innovating and expanding its product line in order to stay ahead of the competition.
– India Motor Parts & Accessories Ltd ($BSE:590065)
With a market cap of 9.47B as of 2022, India Motor Parts & Accessories Ltd has a ROE of 3.96%. The company manufactures and sells a variety of motor parts and accessories for cars, trucks, and other vehicles. It has a wide array of products that includes engine parts, suspension parts, electrical parts, and more. The company also provides services such as repairs and maintenance.
– Solid Automotive Bhd ($KLSE:5242)
Solid Automotive Bhd is a leading manufacturer of automotive parts and accessories in Malaysia. The company has a market capitalization of 96.08 million as of 2022 and a return on equity of 4.74%. Solid Automotive is a publicly traded company listed on the Bursa Malaysia Stock Exchange. The company’s products include engine parts, suspension parts, body parts, and electrical parts.
– Dorman Products Inc ($NASDAQ:DORM)
Dorman Products Inc is a leading supplier of original equipment dealer “exclusive” automotive and heavy duty truck parts. With over 150,000 part numbers in stock, Dorman has the automotive and heavy duty aftermarket covered. Dorman’s OE replacement parts are available for all major vehicle systems, including brake, chassis, cooling, drivetrain, electrical, engine, fuel, lighting, steering, suspension, and transmission.
Summary
Investors in Motorcar Parts of America (MPA) may be encouraged by the company’s second quarter earnings results for fiscal year 2024, released on November 9 2023. Total revenue increased 14.0% year-on-year to USD 196.6 million, while net income decreased 6.5 million to a loss of -2.0 million. While the loss is a concern, this may be due to MPA investing heavily in growth strategies, which could benefit the company in the long term. Investors should keep an eye on MPA’s performance and consider the potential for returns in the future.
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