MOTORCAR PARTS OF AMERICA IN (MPAA) Stock Fundamental Analysis
NASDAQ:MPAA - Nasdaq - US6200711009 - Common Stock - Currency: USD
Overall MPAA gets a fundamental rating of 3 out of 10. We evaluated MPAA against 80 industry peers in the Automobile Components industry. MPAA scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. MPAA has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
MPAA had positive earnings in the past year.
In the past year MPAA had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: MPAA reported negative net income in multiple years.
In multiple years MPAA reported negative operating cash flow during the last 5 years.
1.2 Ratios
MPAA's Return On Assets of -2.03% is on the low side compared to the rest of the industry. MPAA is outperformed by 76.25% of its industry peers.
MPAA's Return On Equity of -7.56% is on the low side compared to the rest of the industry. MPAA is outperformed by 78.75% of its industry peers.
Looking at the Return On Invested Capital, with a value of 6.32%, MPAA is doing worse than 71.25% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for MPAA is below the industry average of 9.12%.
The 3 year average ROIC (4.70%) for MPAA is below the current ROIC(6.32%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.03% | ||
| ROE | -7.56% | ||
| ROIC | 6.32% |
ROA(3y)-2.44%
ROA(5y)-0.81%
ROE(3y)-8.71%
ROE(5y)-3.33%
ROIC(3y)4.7%
ROIC(5y)4.19%
1.3 Margins
Looking at the Operating Margin, with a value of 7.37%, MPAA is doing worse than 63.75% of the companies in the same industry.
In the last couple of years the Operating Margin of MPAA has grown nicely.
MPAA has a Gross Margin of 20.31%. This is in the lower half of the industry: MPAA underperforms 72.50% of its industry peers.
MPAA's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.37% | ||
| PM (TTM) | N/A | ||
| GM | 20.31% |
OM growth 3Y22.75%
OM growth 5Y3.57%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y3.86%
GM growth 5Y-1.67%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), MPAA is destroying value.
Compared to 1 year ago, MPAA has less shares outstanding
The number of shares outstanding for MPAA has been increased compared to 5 years ago.
The debt/assets ratio for MPAA has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.41, we must say that MPAA is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of MPAA (1.41) is worse than 86.25% of its industry peers.
The Debt to FCF ratio of MPAA is 3.16, which is a good value as it means it would take MPAA, 3.16 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 3.16, MPAA belongs to the best of the industry, outperforming 90.00% of the companies in the same industry.
MPAA has a Debt/Equity ratio of 0.50. This is a healthy value indicating a solid balance between debt and equity.
MPAA has a Debt to Equity ratio of 0.50. This is in the lower half of the industry: MPAA underperforms 71.25% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.5 | ||
| Debt/FCF | 3.16 | ||
| Altman-Z | 1.41 |
ROIC/WACC0.35
WACC18.19%
2.3 Liquidity
MPAA has a Current Ratio of 1.46. This is a normal value and indicates that MPAA is financially healthy and should not expect problems in meeting its short term obligations.
MPAA's Current ratio of 1.46 is on the low side compared to the rest of the industry. MPAA is outperformed by 82.50% of its industry peers.
MPAA has a Quick Ratio of 1.46. This is a bad value and indicates that MPAA is not financially healthy enough and could expect problems in meeting its short term obligations.
MPAA has a worse Quick ratio (0.43) than 95.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.46 | ||
| Quick Ratio | 0.43 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 16.22% over the past year.
Measured over the past years, MPAA shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -23.49% on average per year.
Looking at the last year, MPAA shows a small growth in Revenue. The Revenue has grown by 5.53% in the last year.
MPAA shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.17% yearly.
EPS 1Y (TTM)16.22%
EPS 3Y-37.6%
EPS 5Y-23.49%
EPS Q2Q%-16.67%
Revenue 1Y (TTM)5.53%
Revenue growth 3Y5.21%
Revenue growth 5Y7.17%
Sales Q2Q%1.91%
3.2 Future
The Earnings Per Share is expected to grow by 142.54% on average over the next years. This is a very strong growth
MPAA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.48% yearly.
EPS Next Y298.51%
EPS Next 2Y142.54%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year5.96%
Revenue Next 2Y5.48%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
MPAA is valuated quite expensively with a Price/Earnings ratio of 25.72.
MPAA's Price/Earnings ratio is a bit more expensive when compared to the industry. MPAA is more expensive than 67.50% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.50, MPAA is valued at the same level.
A Price/Forward Earnings ratio of 6.45 indicates a rather cheap valuation of MPAA.
Based on the Price/Forward Earnings ratio, MPAA is valued a bit cheaper than 80.00% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 36.44, MPAA is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.72 | ||
| Fwd PE | 6.45 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, MPAA is valued a bit cheaper than the industry average as 78.75% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, MPAA is valued cheaper than 88.75% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.26 | ||
| EV/EBITDA | 3.76 |
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 142.54% in the coming years.
PEG (NY)0.09
PEG (5Y)N/A
EPS Next 2Y142.54%
EPS Next 3YN/A
5. Dividend
5.1 Amount
No dividends for MPAA!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
11.06
-0.44 (-3.83%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)
Earnings (Next)
Inst Owners80.56%
Inst Owner Change0%
Ins Owners5.79%
Ins Owner Change4.95%
Market Cap215.01M
Analysts82.86
Price Target16.32 (47.56%)
Short Float %5.59%
Short Ratio4.46
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)0
Avg EPS beat(2)-35.59%
Min EPS beat(2)-50.98%
Max EPS beat(2)-20.2%
EPS beat(4)1
Avg EPS beat(4)-141.13%
Min EPS beat(4)-562.18%
Max EPS beat(4)68.85%
EPS beat(8)2
Avg EPS beat(8)-114.36%
EPS beat(12)3
Avg EPS beat(12)-95.87%
EPS beat(16)6
Avg EPS beat(16)-63.84%
Revenue beat(2)1
Avg Revenue beat(2)0.48%
Min Revenue beat(2)-0.72%
Max Revenue beat(2)1.69%
Revenue beat(4)1
Avg Revenue beat(4)-0.67%
Min Revenue beat(4)-3.45%
Max Revenue beat(4)1.69%
Revenue beat(8)2
Avg Revenue beat(8)-2.78%
Revenue beat(12)4
Avg Revenue beat(12)-2.3%
Revenue beat(16)8
Avg Revenue beat(16)2.13%
PT rev (1m)14.29%
PT rev (3m)14.29%
EPS NQ rev (1m)-41.94%
EPS NQ rev (3m)-41.94%
EPS NY rev (1m)5.66%
EPS NY rev (3m)5.66%
Revenue NQ rev (1m)-4.5%
Revenue NQ rev (3m)-4.5%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.72 | ||
| Fwd PE | 6.45 | ||
| P/S | 0.28 | ||
| P/FCF | 5.26 | ||
| P/OCF | 4.73 | ||
| P/B | 0.83 | ||
| P/tB | 0.85 | ||
| EV/EBITDA | 3.76 |
EPS(TTM)0.43
EY3.89%
EPS(NY)1.71
Fwd EY15.49%
FCF(TTM)2.1
FCFY19.02%
OCF(TTM)2.34
OCFY21.15%
SpS38.96
BVpS13.26
TBVpS13.06
PEG (NY)0.09
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.03% | ||
| ROE | -7.56% | ||
| ROCE | 9.2% | ||
| ROIC | 6.32% | ||
| ROICexc | 6.43% | ||
| ROICexgc | 6.46% | ||
| OM | 7.37% | ||
| PM (TTM) | N/A | ||
| GM | 20.31% | ||
| FCFM | 5.4% |
ROA(3y)-2.44%
ROA(5y)-0.81%
ROE(3y)-8.71%
ROE(5y)-3.33%
ROIC(3y)4.7%
ROIC(5y)4.19%
ROICexc(3y)4.79%
ROICexc(5y)4.28%
ROICexgc(3y)4.82%
ROICexgc(5y)4.32%
ROCE(3y)7.05%
ROCE(5y)6.31%
ROICexcg growth 3Y31%
ROICexcg growth 5Y6.33%
ROICexc growth 3Y31.18%
ROICexc growth 5Y6.58%
OM growth 3Y22.75%
OM growth 5Y3.57%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y3.86%
GM growth 5Y-1.67%
F-Score7
Asset Turnover0.79
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.5 | ||
| Debt/FCF | 3.16 | ||
| Debt/EBITDA | 1.93 | ||
| Cap/Depr | 44.02% | ||
| Cap/Sales | 0.6% | ||
| Interest Coverage | 1.15 | ||
| Cash Conversion | 68.68% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.46 | ||
| Quick Ratio | 0.43 | ||
| Altman-Z | 1.41 |
F-Score7
WACC18.19%
ROIC/WACC0.35
Cap/Depr(3y)28.8%
Cap/Depr(5y)54.02%
Cap/Sales(3y)0.45%
Cap/Sales(5y)1.02%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)16.22%
EPS 3Y-37.6%
EPS 5Y-23.49%
EPS Q2Q%-16.67%
EPS Next Y298.51%
EPS Next 2Y142.54%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)5.53%
Revenue growth 3Y5.21%
Revenue growth 5Y7.17%
Sales Q2Q%1.91%
Revenue Next Year5.96%
Revenue Next 2Y5.48%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y31.83%
EBIT growth 3Y29.14%
EBIT growth 5Y11%
EBIT Next Year217.81%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y7.14%
FCF growth 3YN/A
FCF growth 5Y54.54%
OCF growth 1Y16.1%
OCF growth 3YN/A
OCF growth 5Y19.32%