COPART INC (CPRT) Stock Fundamental Analysis
NASDAQ:CPRT - Nasdaq - US2172041061 - Common Stock - Currency: USD
CPRT gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 83 industry peers in the Commercial Services & Supplies industry. CPRT has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. While showing a medium growth rate, CPRT is valued expensive at the moment. These ratings would make CPRT suitable for quality investing!
1. Profitability
1.1 Basic Checks
CPRT had positive earnings in the past year.
In the past year CPRT had a positive cash flow from operations.
CPRT had positive earnings in each of the past 5 years.
In the past 5 years CPRT always reported a positive cash flow from operatings.
1.2 Ratios
CPRT's Return On Assets of 15.83% is amongst the best of the industry. CPRT outperforms 95.24% of its industry peers.
With an excellent Return On Equity value of 17.52%, CPRT belongs to the best of the industry, outperforming 80.95% of the companies in the same industry.
With an excellent Return On Invested Capital value of 15.14%, CPRT belongs to the best of the industry, outperforming 86.90% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for CPRT is significantly above the industry average of 10.88%.
The 3 year average ROIC (19.14%) for CPRT is well above the current ROIC(15.14%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 15.83% | ||
| ROE | 17.52% | ||
| ROIC | 15.14% |
ROA(3y)18.36%
ROA(5y)19.17%
ROE(3y)20.79%
ROE(5y)23.4%
ROIC(3y)19.15%
ROIC(5y)20.04%
1.3 Margins
With an excellent Profit Margin value of 32.27%, CPRT belongs to the best of the industry, outperforming 97.62% of the companies in the same industry.
In the last couple of years the Profit Margin of CPRT has grown nicely.
With an excellent Operating Margin value of 36.16%, CPRT belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
In the last couple of years the Operating Margin of CPRT has remained more or less at the same level.
CPRT's Gross Margin of 44.75% is fine compared to the rest of the industry. CPRT outperforms 78.57% of its industry peers.
CPRT's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 36.16% | ||
| PM (TTM) | 32.27% | ||
| GM | 44.75% |
OM growth 3Y-4.2%
OM growth 5Y1.12%
PM growth 3Y-2.57%
PM growth 5Y2.11%
GM growth 3Y-3.25%
GM growth 5Y0.69%
2. Health
2.1 Basic Checks
CPRT has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
Compared to 1 year ago, CPRT has more shares outstanding
The number of shares outstanding for CPRT has been increased compared to 5 years ago.
CPRT has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
An Altman-Z score of 37.91 indicates that CPRT is not in any danger for bankruptcy at the moment.
With an excellent Altman-Z score value of 37.91, CPRT belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
CPRT has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 37.91 |
ROIC/WACC1.69
WACC8.96%
2.3 Liquidity
A Current Ratio of 7.89 indicates that CPRT has no problem at all paying its short term obligations.
With an excellent Current ratio value of 7.89, CPRT belongs to the best of the industry, outperforming 97.62% of the companies in the same industry.
CPRT has a Quick Ratio of 7.79. This indicates that CPRT is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 7.79, CPRT belongs to the top of the industry, outperforming 97.62% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 7.89 | ||
| Quick Ratio | 7.79 |
3. Growth
3.1 Past
CPRT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 8.76%, which is quite good.
The Earnings Per Share has been growing slightly by 4.32% on average over the past years.
The Revenue has grown by 11.00% in the past year. This is quite good.
The Revenue has been growing by 15.72% on average over the past years. This is quite good.
EPS 1Y (TTM)8.76%
EPS 3Y-9.17%
EPS 5Y4.32%
EPS Q2Q%21.21%
Revenue 1Y (TTM)11%
Revenue growth 3Y16.31%
Revenue growth 5Y15.72%
Sales Q2Q%14.03%
3.2 Future
CPRT is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 12.08% yearly.
CPRT is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 11.43% yearly.
EPS Next Y14.65%
EPS Next 2Y13.93%
EPS Next 3Y14.17%
EPS Next 5Y12.08%
Revenue Next Year10.61%
Revenue Next 2Y9.66%
Revenue Next 3Y10.5%
Revenue Next 5Y11.43%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 36.07, the valuation of CPRT can be described as expensive.
CPRT's Price/Earnings is on the same level as the industry average.
The average S&P500 Price/Earnings ratio is at 29.35. CPRT is valued slightly more expensive when compared to this.
CPRT is valuated quite expensively with a Price/Forward Earnings ratio of 29.79.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CPRT is on the same level as its industry peers.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.10, CPRT is valued a bit more expensive.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 36.07 | ||
| Fwd PE | 29.79 |
4.2 Price Multiples
65.48% of the companies in the same industry are cheaper than CPRT, based on the Enterprise Value to EBITDA ratio.
CPRT's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 51.06 | ||
| EV/EBITDA | 25.9 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates CPRT does not grow enough to justify the current Price/Earnings ratio.
The excellent profitability rating of CPRT may justify a higher PE ratio.
CPRT's earnings are expected to grow with 14.17% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.46
PEG (5Y)8.35
EPS Next 2Y13.93%
EPS Next 3Y14.17%
5. Dividend
5.1 Amount
No dividends for CPRT!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
53.74
+0.01 (+0.02%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryCommercial Services & Supplies
Earnings (Last)
Earnings (Next)
Inst Owners84.69%
Inst Owner Change-0.05%
Ins Owners8.68%
Ins Owner Change0%
Market Cap51.92B
Analysts80
Price Target63.75 (18.63%)
Short Float %1.24%
Short Ratio2.79
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)2.36%
Min EPS beat(2)-0.98%
Max EPS beat(2)5.7%
EPS beat(4)1
Avg EPS beat(4)-1.76%
Min EPS beat(4)-10.92%
Max EPS beat(4)5.7%
EPS beat(8)4
Avg EPS beat(8)0.24%
EPS beat(12)7
Avg EPS beat(12)-0.31%
EPS beat(16)11
Avg EPS beat(16)2.79%
Revenue beat(2)2
Avg Revenue beat(2)1.51%
Min Revenue beat(2)0.81%
Max Revenue beat(2)2.21%
Revenue beat(4)3
Avg Revenue beat(4)-0.01%
Min Revenue beat(4)-3.08%
Max Revenue beat(4)2.21%
Revenue beat(8)5
Avg Revenue beat(8)-0.09%
Revenue beat(12)7
Avg Revenue beat(12)0.13%
Revenue beat(16)11
Avg Revenue beat(16)2.1%
PT rev (1m)1.39%
PT rev (3m)4.89%
EPS NQ rev (1m)-0.95%
EPS NQ rev (3m)-1.34%
EPS NY rev (1m)0.12%
EPS NY rev (3m)0.54%
Revenue NQ rev (1m)-0.08%
Revenue NQ rev (3m)0.56%
Revenue NY rev (1m)0.21%
Revenue NY rev (3m)1.39%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 36.07 | ||
| Fwd PE | 29.79 | ||
| P/S | 11.52 | ||
| P/FCF | 51.06 | ||
| P/OCF | 32.53 | ||
| P/B | 6.25 | ||
| P/tB | 6.72 | ||
| EV/EBITDA | 25.9 |
EPS(TTM)1.49
EY2.77%
EPS(NY)1.8
Fwd EY3.36%
FCF(TTM)1.05
FCFY1.96%
OCF(TTM)1.65
OCFY3.07%
SpS4.66
BVpS8.59
TBVpS7.99
PEG (NY)2.46
PEG (5Y)8.35
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 15.83% | ||
| ROE | 17.52% | ||
| ROCE | 19.04% | ||
| ROIC | 15.14% | ||
| ROICexc | 27.23% | ||
| ROICexgc | 30.99% | ||
| OM | 36.16% | ||
| PM (TTM) | 32.27% | ||
| GM | 44.75% | ||
| FCFM | 22.56% |
ROA(3y)18.36%
ROA(5y)19.17%
ROE(3y)20.79%
ROE(5y)23.4%
ROIC(3y)19.15%
ROIC(5y)20.04%
ROICexc(3y)30.14%
ROICexc(5y)28.88%
ROICexgc(3y)50.08%
ROICexgc(5y)42.59%
ROCE(3y)24.07%
ROCE(5y)25.2%
ROICexcg growth 3Y-0.59%
ROICexcg growth 5Y-0.42%
ROICexc growth 3Y-0.76%
ROICexc growth 5Y0.83%
OM growth 3Y-4.2%
OM growth 5Y1.12%
PM growth 3Y-2.57%
PM growth 5Y2.11%
GM growth 3Y-3.25%
GM growth 5Y0.69%
F-Score5
Asset Turnover0.49
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 274.59% | ||
| Cap/Sales | 12.85% | ||
| Interest Coverage | 661.79 | ||
| Cash Conversion | 86.72% | ||
| Profit Quality | 69.92% | ||
| Current Ratio | 7.89 | ||
| Quick Ratio | 7.79 | ||
| Altman-Z | 37.91 |
F-Score5
WACC8.96%
ROIC/WACC1.69
Cap/Depr(3y)278.53%
Cap/Depr(5y)355.91%
Cap/Sales(3y)11.68%
Cap/Sales(5y)15.82%
Profit Quality(3y)72%
Profit Quality(5y)63.79%
High Growth Momentum
Growth
EPS 1Y (TTM)8.76%
EPS 3Y-9.17%
EPS 5Y4.32%
EPS Q2Q%21.21%
EPS Next Y14.65%
EPS Next 2Y13.93%
EPS Next 3Y14.17%
EPS Next 5Y12.08%
Revenue 1Y (TTM)11%
Revenue growth 3Y16.31%
Revenue growth 5Y15.72%
Sales Q2Q%14.03%
Revenue Next Year10.61%
Revenue Next 2Y9.66%
Revenue Next 3Y10.5%
Revenue Next 5Y11.43%
EBIT growth 1Y2.81%
EBIT growth 3Y11.42%
EBIT growth 5Y17.02%
EBIT Next Year19.03%
EBIT Next 3Y15.92%
EBIT Next 5Y13.9%
FCF growth 1Y28.39%
FCF growth 3Y22.13%
FCF growth 5Y28.66%
OCF growth 1Y29.75%
OCF growth 3Y14.12%
OCF growth 5Y17.89%