MOTORCAR PARTS OF AMERICA IN (MPAA) Stock Fundamental Analysis
NASDAQ:MPAA - Nasdaq - US6200711009 - Common Stock - Currency: USD
We assign a fundamental rating of 3 out of 10 to MPAA. MPAA was compared to 83 industry peers in the Automobile Components industry. Both the profitability and financial health of MPAA have multiple concerns. MPAA is valued quite cheap, while showing a decent growth score. This is a good combination!
1. Profitability
1.1 Basic Checks
In the past year MPAA was profitable.
MPAA had a positive operating cash flow in the past year.
In multiple years MPAA reported negative net income over the last 5 years.
The reported operating cash flow has been mixed in the past 5 years: MPAA reported negative operating cash flow in multiple years.
1.2 Ratios
The Return On Assets of MPAA (-1.83%) is worse than 81.93% of its industry peers.
MPAA has a Return On Equity of -6.63%. This is amonst the worse of the industry: MPAA underperforms 81.93% of its industry peers.
MPAA's Return On Invested Capital of 6.09% is on the low side compared to the rest of the industry. MPAA is outperformed by 69.88% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for MPAA is significantly below the industry average of 9.58%.
The last Return On Invested Capital (6.09%) for MPAA is above the 3 year average (3.45%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.83% | ||
| ROE | -6.63% | ||
| ROIC | 6.09% |
ROA(3y)-1.52%
ROA(5y)-0.59%
ROE(3y)-5.41%
ROE(5y)-2.35%
ROIC(3y)3.45%
ROIC(5y)3.76%
1.3 Margins
With a Operating Margin value of 7.12%, MPAA is not doing good in the industry: 63.86% of the companies in the same industry are doing better.
MPAA's Operating Margin has improved in the last couple of years.
MPAA's Gross Margin of 19.92% is on the low side compared to the rest of the industry. MPAA is outperformed by 71.08% of its industry peers.
MPAA's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.12% | ||
| PM (TTM) | N/A | ||
| GM | 19.92% |
OM growth 3Y2.34%
OM growth 5Y10.02%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-3.02%
GM growth 5Y-0.42%
2. Health
2.1 Basic Checks
MPAA has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, MPAA has more shares outstanding
MPAA has more shares outstanding than it did 5 years ago.
MPAA has a better debt/assets ratio than last year.
2.2 Solvency
MPAA has an Altman-Z score of 1.39. This is a bad value and indicates that MPAA is not financially healthy and even has some risk of bankruptcy.
MPAA has a Altman-Z score of 1.39. This is amonst the worse of the industry: MPAA underperforms 80.72% of its industry peers.
The Debt to FCF ratio of MPAA is 5.23, which is a neutral value as it means it would take MPAA, 5.23 years of fcf income to pay off all of its debts.
MPAA's Debt to FCF ratio of 5.23 is on the low side compared to the rest of the industry. MPAA is outperformed by 65.06% of its industry peers.
MPAA has a Debt/Equity ratio of 0.49. This is a healthy value indicating a solid balance between debt and equity.
MPAA's Debt to Equity ratio of 0.49 is on the low side compared to the rest of the industry. MPAA is outperformed by 73.49% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.49 | ||
| Debt/FCF | 5.23 | ||
| Altman-Z | 1.39 |
ROIC/WACC0.34
WACC17.94%
2.3 Liquidity
A Current Ratio of 1.45 indicates that MPAA should not have too much problems paying its short term obligations.
MPAA has a Current ratio of 1.45. This is amonst the worse of the industry: MPAA underperforms 84.34% of its industry peers.
A Quick Ratio of 0.39 indicates that MPAA may have some problems paying its short term obligations.
The Quick ratio of MPAA (0.39) is worse than 96.39% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.45 | ||
| Quick Ratio | 0.39 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 125.00% over the past year.
MPAA shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -26.54% yearly.
The Revenue has been growing slightly by 4.27% in the past year.
MPAA shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.71% yearly.
EPS 1Y (TTM)125%
EPS 3Y-41.62%
EPS 5Y-26.54%
EPS Q2Q%229.63%
Revenue 1Y (TTM)4.27%
Revenue growth 3Y9.89%
Revenue growth 5Y8.71%
Sales Q2Q%8.33%
3.2 Future
Based on estimates for the next years, MPAA will show a very strong growth in Earnings Per Share. The EPS will grow by 109.36% on average per year.
Based on estimates for the next years, MPAA will show a small growth in Revenue. The Revenue will grow by 4.91% on average per year.
EPS Next Y46.11%
EPS Next 2Y109.36%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year3.88%
Revenue Next 2Y4.91%
Revenue Next 3YN/A
Revenue Next 5YN/A
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 Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
MPAA is valuated rather expensively with a Price/Earnings ratio of 23.20.
Based on the Price/Earnings ratio, MPAA is valued a bit more expensive than 65.06% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 29.63. MPAA is valued slightly cheaper when compared to this.
With a Price/Forward Earnings ratio of 6.44, the valuation of MPAA can be described as very cheap.
81.93% of the companies in the same industry are more expensive than MPAA, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 22.68. MPAA is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.2 | ||
| Fwd PE | 6.44 |
4.2 Price Multiples
MPAA's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. MPAA is cheaper than 83.13% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of MPAA indicates a somewhat cheap valuation: MPAA is cheaper than 66.27% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.23 | ||
| EV/EBITDA | 3.5 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as MPAA's earnings are expected to grow with 109.36% in the coming years.
PEG (NY)0.5
PEG (5Y)N/A
EPS Next 2Y109.36%
EPS Next 3YN/A
5. Dividend
5.1 Amount
No dividends for MPAA!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
10.44
+0.38 (+3.78%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)
Earnings (Next)
Inst Owners80.5%
Inst Owner Change-84.86%
Ins Owners5.67%
Ins Owner Change7.27%
Market Cap204.42M
Analysts82.86
Price Target14.28 (36.78%)
Short Float %3.05%
Short Ratio7.27
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)24.32%
Min EPS beat(2)-20.2%
Max EPS beat(2)68.85%
EPS beat(4)1
Avg EPS beat(4)-135%
Min EPS beat(4)-562.18%
Max EPS beat(4)68.85%
EPS beat(8)2
Avg EPS beat(8)-121.95%
EPS beat(12)3
Avg EPS beat(12)-95.61%
EPS beat(16)7
Avg EPS beat(16)-59.82%
Revenue beat(2)1
Avg Revenue beat(2)0.75%
Min Revenue beat(2)-0.19%
Max Revenue beat(2)1.69%
Revenue beat(4)1
Avg Revenue beat(4)-2.1%
Min Revenue beat(4)-6.46%
Max Revenue beat(4)1.69%
Revenue beat(8)3
Avg Revenue beat(8)-2.48%
Revenue beat(12)5
Avg Revenue beat(12)-1.67%
Revenue beat(16)9
Avg Revenue beat(16)2.64%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)-31.03%
EPS NQ rev (3m)-31.03%
EPS NY rev (1m)-5.36%
EPS NY rev (3m)-5.36%
Revenue NQ rev (1m)-9.41%
Revenue NQ rev (3m)-9.41%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.48%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.2 | ||
| Fwd PE | 6.44 | ||
| P/S | 0.27 | ||
| P/FCF | 8.23 | ||
| P/OCF | 7.54 | ||
| P/B | 0.78 | ||
| P/tB | 0.79 | ||
| EV/EBITDA | 3.5 |
EPS(TTM)0.45
EY4.31%
EPS(NY)1.62
Fwd EY15.53%
FCF(TTM)1.27
FCFY12.15%
OCF(TTM)1.38
OCFY13.25%
SpS38.49
BVpS13.42
TBVpS13.22
PEG (NY)0.5
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.83% | ||
| ROE | -6.63% | ||
| ROCE | 8.93% | ||
| ROIC | 6.09% | ||
| ROICexc | 6.21% | ||
| ROICexgc | 6.24% | ||
| OM | 7.12% | ||
| PM (TTM) | N/A | ||
| GM | 19.92% | ||
| FCFM | 3.3% |
ROA(3y)-1.52%
ROA(5y)-0.59%
ROE(3y)-5.41%
ROE(5y)-2.35%
ROIC(3y)3.45%
ROIC(5y)3.76%
ROICexc(3y)3.53%
ROICexc(5y)3.91%
ROICexgc(3y)3.56%
ROICexgc(5y)3.96%
ROCE(3y)5.36%
ROCE(5y)5.89%
ROICexcg growth 3Y4.87%
ROICexcg growth 5Y8.45%
ROICexc growth 3Y5.17%
ROICexc growth 5Y8.88%
OM growth 3Y2.34%
OM growth 5Y10.02%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-3.02%
GM growth 5Y-0.42%
F-Score7
Asset Turnover0.79
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.49 | ||
| Debt/FCF | 5.23 | ||
| Debt/EBITDA | 2 | ||
| Cap/Depr | 21.19% | ||
| Cap/Sales | 0.3% | ||
| Interest Coverage | 1.06 | ||
| Cash Conversion | 42.13% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.45 | ||
| Quick Ratio | 0.39 | ||
| Altman-Z | 1.39 |
F-Score7
WACC17.94%
ROIC/WACC0.34
Cap/Depr(3y)33.65%
Cap/Depr(5y)74.84%
Cap/Sales(3y)0.64%
Cap/Sales(5y)1.43%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)125%
EPS 3Y-41.62%
EPS 5Y-26.54%
EPS Q2Q%229.63%
EPS Next Y46.11%
EPS Next 2Y109.36%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)4.27%
Revenue growth 3Y9.89%
Revenue growth 5Y8.71%
Sales Q2Q%8.33%
Revenue Next Year3.88%
Revenue Next 2Y4.91%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y11.18%
EBIT growth 3Y12.47%
EBIT growth 5Y19.6%
EBIT Next Year86.8%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y149.51%
FCF growth 3Y-3.25%
FCF growth 5YN/A
OCF growth 1Y161.41%
OCF growth 3Y-11.28%
OCF growth 5YN/A