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 81 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
With a Return On Assets value of -1.83%, MPAA is not doing good in the industry: 79.01% of the companies in the same industry are doing better.
MPAA has a worse Return On Equity (-6.63%) than 80.25% 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 66.67% of its industry peers.
MPAA had an Average Return On Invested Capital over the past 3 years of 3.45%. This is significantly below the industry average of 8.99%.
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
MPAA's Operating Margin of 7.12% is on the low side compared to the rest of the industry. MPAA is outperformed by 62.96% of its industry peers.
MPAA's Operating Margin has improved in the last couple of years.
MPAA has a worse Gross Margin (19.92%) than 71.60% 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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so MPAA is destroying value.
The number of shares outstanding for MPAA has been increased compared to 1 year ago.
The number of shares outstanding for MPAA has been increased compared to 5 years ago.
Compared to 1 year ago, MPAA has an improved debt to assets ratio.
2.2 Solvency
MPAA has an Altman-Z score of 1.36. 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 1.36. This is amonst the worse of the industry: MPAA underperforms 87.65% of its industry peers.
MPAA has a debt to FCF ratio of 5.23. This is a neutral value as MPAA would need 5.23 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 5.23, MPAA is doing worse than 64.20% of the companies in the same industry.
A Debt/Equity ratio of 0.49 indicates that MPAA is not too dependend on debt financing.
The Debt to Equity ratio of MPAA (0.49) is worse than 72.84% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.49 | ||
| Debt/FCF | 5.23 | ||
| Altman-Z | 1.36 |
ROIC/WACC0.33
WACC18.31%
2.3 Liquidity
A Current Ratio of 1.45 indicates that MPAA should not have too much problems paying its short term obligations.
MPAA's Current ratio of 1.45 is on the low side compared to the rest of the industry. MPAA is outperformed by 82.72% of its industry peers.
MPAA has a Quick Ratio of 1.45. This is a bad value and indicates that MPAA is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.39, MPAA is not doing good in the industry: 96.30% of the companies in the same industry are doing better.
| 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.
Measured over the past years, MPAA shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -26.54% on average per year.
The Revenue has been growing slightly by 4.27% in the past year.
The Revenue has been growing by 8.71% on average over the past years. This is quite good.
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
MPAA is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 109.36% yearly.
MPAA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.91% yearly.
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
With a Price/Earnings ratio of 20.31, MPAA is valued on the expensive side.
64.20% of the companies in the same industry are cheaper than MPAA, based on the Price/Earnings ratio.
MPAA is valuated rather cheaply when we compare the Price/Earnings ratio to 28.79, which is the current average of the S&P500 Index.
MPAA is valuated cheaply with a Price/Forward Earnings ratio of 5.64.
82.72% of the companies in the same industry are more expensive than MPAA, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of MPAA to the average of the S&P500 Index (21.38), we can say MPAA is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.31 | ||
| Fwd PE | 5.64 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, MPAA is valued cheaper than 82.72% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, MPAA is valued a bit cheaper than the industry average as 72.84% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.2 | ||
| EV/EBITDA | 3.1 |
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.
MPAA's earnings are expected to grow with 109.36% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.44
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 |
9.14
-0.33 (-3.48%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)
Earnings (Next)
Inst Owners80.5%
Inst Owner Change0%
Ins Owners5.67%
Ins Owner Change5.84%
Market Cap178.96M
Analysts82.86
Price Target14.28 (56.24%)
Short Float %2.9%
Short Ratio3.95
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)0%
EPS NQ rev (3m)-31.03%
EPS NY rev (1m)0%
EPS NY rev (3m)-5.36%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-9.41%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.31 | ||
| Fwd PE | 5.64 | ||
| P/S | 0.24 | ||
| P/FCF | 7.2 | ||
| P/OCF | 6.6 | ||
| P/B | 0.68 | ||
| P/tB | 0.69 | ||
| EV/EBITDA | 3.1 |
EPS(TTM)0.45
EY4.92%
EPS(NY)1.62
Fwd EY17.74%
FCF(TTM)1.27
FCFY13.88%
OCF(TTM)1.38
OCFY15.14%
SpS38.49
BVpS13.42
TBVpS13.22
PEG (NY)0.44
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 | 1.36 |
F-Score7
WACC18.31%
ROIC/WACC0.33
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 Year81.8%
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