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Dorman Products

DB:RAB
Snowflake Description

Flawless balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RAB
DB
$2B
Market Cap
  1. Home
  2. DE
  3. Automobiles
Company description

Dorman Products, Inc. supplies replacement parts and fasteners for passenger cars, light trucks, and heavy duty trucks to the automotive aftermarket industry in the United States, Canada, Mexico, Europe, the Middle East, and Australia. The last earnings update was 40 days ago. More info.


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  • Dorman Products has significant price volatility in the past 3 months.
RAB Share Price and Events
7 Day Returns
1.3%
DB:RAB
-3.6%
DE Auto Components
-0.6%
DE Market
1 Year Returns
-40.5%
DB:RAB
-52.5%
DE Auto Components
-20.9%
DE Market
RAB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Dorman Products (RAB) 1.3% -4.6% -27% -40.5% -34.1% 2.9%
DE Auto Components -3.6% -26.6% -44.8% -52.5% -66.5% -71.2%
DE Market -0.6% -16.6% -26% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • RAB outperformed the Auto Components industry which returned -52.5% over the past year.
  • RAB underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
RAB
Industry
5yr Volatility vs Market

Value

 Is Dorman Products undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Dorman Products to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Dorman Products.

DB:RAB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:RAB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Auto Components Unlevered Beta Simply Wall St/ S&P Global 1.08
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.077 (1 + (1- 21%) (2.07%))
1.063
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.06
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.063 * 5.44%)
5.39%

Discounted Cash Flow Calculation for DB:RAB using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Dorman Products is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:RAB DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 5.39%)
2020 70.68 Analyst x1 67.06
2021 72.58 Est @ 2.68% 65.34
2022 73.85 Est @ 1.76% 63.08
2023 74.68 Est @ 1.12% 60.52
2024 75.18 Est @ 0.66% 57.81
2025 75.44 Est @ 0.35% 55.04
2026 75.53 Est @ 0.13% 52.29
2027 75.51 Est @ -0.03% 49.60
2028 75.41 Est @ -0.14% 47.00
2029 75.25 Est @ -0.21% 44.50
Present value of next 10 years cash flows $562.00
DB:RAB DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $75.25 × (1 + -0.39%) ÷ (5.39% – -0.39%)
$1,295.76
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,295.76 ÷ (1 + 5.39%)10
$766.20
DB:RAB Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $562.00 + $766.20
$1,328.20
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,328.20 / 32.38
$41.02
DB:RAB Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:RAB represents 0.92497x of NasdaqGS:DORM
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.92497x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 41.02 x 0.92497
€37.94
Value per share (EUR) From above. €37.94
Current discount Discount to share price of €48.20
= -1 x (€48.20 - €37.94) / €37.94
-27%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Dorman Products is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Dorman Products's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Dorman Products's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:RAB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-28) in USD $2.57
NasdaqGS:DORM Share Price ** NasdaqGS (2020-04-06) in USD $52.11
Germany Auto Components Industry PE Ratio Median Figure of 9 Publicly-Listed Auto Components Companies 11.43x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.45x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Dorman Products.

DB:RAB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:DORM Share Price ÷ EPS (both in USD)

= 52.11 ÷ 2.57

20.28x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dorman Products is overvalued based on earnings compared to the DE Auto Components industry average.
  • Dorman Products is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Dorman Products's expected growth come at a high price?
Raw Data
DB:RAB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.28x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
17.5%per year
Germany Auto Components Industry PEG Ratio Median Figure of 7 Publicly-Listed Auto Components Companies 0.49x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.16x

*Line of best fit is calculated by linear regression .

DB:RAB PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 20.28x ÷ 17.5%

1.16x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dorman Products is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Dorman Products's assets?
Raw Data
DB:RAB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-28) in USD $23.89
NasdaqGS:DORM Share Price * NasdaqGS (2020-04-06) in USD $52.11
Germany Auto Components Industry PB Ratio Median Figure of 13 Publicly-Listed Auto Components Companies 0.69x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:RAB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:DORM Share Price ÷ Book Value per Share (both in USD)

= 52.11 ÷ 23.89

2.18x

* Primary Listing of Dorman Products.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dorman Products is overvalued based on assets compared to the DE Auto Components industry average.
X
Value checks
We assess Dorman Products's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Auto Components industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Auto Components industry average (and greater than 0)? (1 check)
  5. Dorman Products has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Dorman Products expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
17.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Dorman Products expected to grow at an attractive rate?
  • Dorman Products's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Dorman Products's earnings growth is expected to exceed the Germany market average.
  • Dorman Products's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:RAB Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:RAB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 17.5%
DB:RAB Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 4.9%
Germany Auto Components Industry Earnings Growth Rate Market Cap Weighted Average 48.7%
Germany Auto Components Industry Revenue Growth Rate Market Cap Weighted Average 2.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:RAB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:RAB Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 1,095 119 3
2020-12-31 1,029 99 102 5
2020-04-06
2019-12-31 1,018 78 99 5
DB:RAB Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-28 991 95 84
2019-09-28 1,012 73 101
2019-06-29 1,006 69 114
2019-03-30 990 75 126
2018-12-29 974 78 134
2018-09-29 941 100 121
2018-06-30 918 98 114
2018-03-31 909 76 108
2017-12-30 903 94 107
2017-09-30 905 125 113
2017-07-01 893 127 113
2017-04-01 873 136 111
2016-12-31 860 122 106

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Dorman Products's earnings are expected to grow by 17.5% yearly, however this is not considered high growth (20% yearly).
  • Dorman Products's revenue is expected to grow by 4.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:RAB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Dorman Products Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:RAB Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 3.83 3.85 3.81 2.00
2020-12-31 3.14 3.14 3.14 1.00
2020-04-06
2019-12-31 2.77 2.83 2.71 3.00
DB:RAB Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-28 2.57
2019-09-28 3.08
2019-06-29 3.46
2019-03-30 3.82
2018-12-29 4.04
2018-09-29 3.64
2018-06-30 3.40
2018-03-31 3.22
2017-12-30 3.14
2017-09-30 3.32
2017-07-01 3.29
2017-04-01 3.21
2016-12-31 3.07

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Dorman Products will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Dorman Products's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Dorman Products has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Dorman Products performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Dorman Products's growth in the last year to its industry (Auto Components).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Dorman Products's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Dorman Products's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Dorman Products's 1-year earnings growth is negative, it can't be compared to the DE Auto Components industry average.
Earnings and Revenue History
Dorman Products's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Dorman Products Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:RAB Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-28 991.33 83.76 175.40 21.00
2019-09-28 1,012.10 100.81 178.85 20.10
2019-06-29 1,006.26 113.52 173.15 20.10
2019-03-30 990.23 126.36 175.25 20.10
2018-12-29 973.71 133.60 167.54 20.10
2018-09-29 941.08 120.97 173.35 20.00
2018-06-30 917.74 113.96 157.92 20.00
2018-03-31 908.86 108.06 153.85 20.00
2017-12-30 903.22 106.60 151.01 20.00
2017-09-30 904.60 113.33 151.01 18.90
2017-07-01 892.77 113.02 148.09 18.90
2017-04-01 873.08 110.57 144.61 18.90
2016-12-31 859.60 106.05 141.67 18.90
2016-09-24 835.34 99.14 141.97 16.80
2016-06-25 833.48 98.50 140.12 16.80
2016-03-26 822.63 95.66 136.92 16.80
2015-12-26 802.96 92.33 137.89 16.80
2015-09-26 772.10 89.20 130.18 15.80
2015-06-27 758.97 87.67 133.03 15.80
2015-03-28 756.44 87.78 130.01 15.80
2014-12-27 751.48 89.99 125.47 15.80
2014-09-27 747.30 91.95 124.24 13.40
2014-06-28 727.46 90.30 117.67 13.40
2014-03-29 693.54 86.40 118.21 13.40
2013-12-28 664.47 81.92 114.43 13.40
2013-09-28 629.67 76.55 112.53 10.50
2013-06-29 608.13 73.42 109.11 10.50

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Dorman Products has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Dorman Products used its assets more efficiently than the DE Auto Components industry average last year based on Return on Assets.
  • Dorman Products's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Dorman Products's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Auto Components industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Dorman Products has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Dorman Products's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Dorman Products's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Dorman Products is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Dorman Products's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Dorman Products's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Dorman Products has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Dorman Products Company Filings, last reported 3 months ago.

DB:RAB Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-28 773.58 0.00 68.35
2019-09-28 772.59 0.00 54.17
2019-06-29 750.33 0.00 38.42
2019-03-30 741.71 0.00 40.79
2018-12-29 727.62 0.00 43.46
2018-09-29 701.95 0.00 53.11
2018-06-30 674.02 0.00 74.81
2018-03-31 657.14 0.00 75.34
2017-12-30 634.81 0.00 71.69
2017-09-30 628.10 0.00 116.79
2017-07-01 624.64 0.00 129.21
2017-04-01 619.98 0.00 156.34
2016-12-31 601.64 0.00 149.12
2016-09-24 579.16 0.00 95.14
2016-06-25 552.55 0.00 87.90
2016-03-26 533.15 0.00 86.98
2015-12-26 518.04 0.00 78.66
2015-09-26 526.07 0.00 79.32
2015-06-27 504.77 0.00 67.20
2015-03-28 482.63 0.00 64.60
2014-12-27 462.06 0.00 47.66
2014-09-27 445.69 0.00 44.21
2014-06-28 451.57 0.00 53.98
2014-03-29 436.97 0.00 64.02
2013-12-28 413.64 0.00 60.59
2013-09-28 393.57 0.00 48.34
2013-06-29 371.45 0.00 39.69
  • Dorman Products has no debt.
  • Dorman Products has not taken on any debt in the past 5 years.
  • Dorman Products has no debt, it does not need to be covered by operating cash flow.
  • Dorman Products has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Dorman Products's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Dorman Products has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Dorman Products's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Dorman Products dividends.
If you bought €2,000 of Dorman Products shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Dorman Products's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Dorman Products's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:RAB Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
Germany Auto Components Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 6.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 315 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:RAB Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2020-04-06
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Dorman Products has not reported any payouts.
  • Unable to verify if Dorman Products's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Dorman Products's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Dorman Products has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Dorman Products's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Dorman Products afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Dorman Products has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Dorman Products's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Kevin Olsen
COMPENSATION $873,328
AGE 47
TENURE AS CEO 1.3 years
CEO Bio

Mr. Kevin M. Olsen has been President of Dorman Products, Inc. since August 6, 2018 and serves as its Chief Executive Officer and Director since January 1, 2019. He served as Chief Operating Officer of Dorman Products, Inc. since August 6, 2018 until January 1, 2019. He served as Executive Vice President of Dorman Products, Inc. since June 8, 2017 until August 2018. Mr. Olsen was Chief Financial Officer of Dorman Products, Inc. since July 2016 until August 2018. Mr. Olsen is a seasoned financial executive with more than 20 years' experience and a track record of producing strong financial and operating results while acting as a true business partner throughout his career. He served as Senior Vice President of Dorman Products, Inc. since July 2016 until June 8, 2017. He joined Dorman from his post as Chief Financial Officer of Colfax Fluid Handling, a division of Colfax Corporation. Prior to Colfax, he held a number of positions of increasing responsibility at Crane Co. and Danaher Corporation after beginning his career in public accounting. Mr. Olsen is a CPA and holds an Accounting Degree from Bryant University.

CEO Compensation
  • Kevin's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Kevin's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Dorman Products management team in years:

1.1
Average Tenure
48.5
Average Age
  • The average tenure for the Dorman Products management team is less than 2 years, this suggests a new team.
Management Team

Steven Berman

TITLE
Founder & Executive Chairman
COMPENSATION
$766K
AGE
59

Kevin Olsen

TITLE
President
COMPENSATION
$873K
AGE
47
TENURE
1.3 yrs

Jeffery Darby

TITLE
Senior Vice President of Sales & Marketing
COMPENSATION
$674K
AGE
51
TENURE
0.4 yrs

Mike Kealey

TITLE
Executive Vice President of Commercial
COMPENSATION
$2M
AGE
44
TENURE
2.8 yrs

Mike Ginnetti

TITLE
VP & Corporate Controller
COMPENSATION
$404K
AGE
42
TENURE
1.1 yrs

David Hession

TITLE
Senior VP
AGE
50
TENURE
1.1 yrs

John McKnight

TITLE
Senior Vice President of Global Operations
TENURE
0.4 yrs

Joseph Braun

TITLE
Senior VP
AGE
44
TENURE
1 yrs

David Cohen

TITLE
Senior Vice President - Product
AGE
58
TENURE
2.8 yrs

Mike Dempsey

TITLE
Senior Vice President of Supply Chain
TENURE
2.8 yrs
Board of Directors Tenure

Average tenure and age of the Dorman Products board of directors in years:

4
Average Tenure
63
Average Age
  • The tenure for the Dorman Products board of directors is about average.
Board of Directors

Steven Berman

TITLE
Founder & Executive Chairman
COMPENSATION
$766K
AGE
59
TENURE
4.6 yrs

Kevin Olsen

TITLE
President
COMPENSATION
$873K
AGE
47
TENURE
1.3 yrs

Rich Riley

TITLE
Independent Director
COMPENSATION
$165K
AGE
63
TENURE
10.1 yrs

Mike Stakias

TITLE
Independent Director
COMPENSATION
$158K
AGE
69
TENURE
4.6 yrs

Jack Gavin

TITLE
Independent Director
COMPENSATION
$158K
AGE
63
TENURE
3.5 yrs

Paul Lederer

TITLE
Lead Director
COMPENSATION
$170K
AGE
80

Kelly Romano

TITLE
Independent Director
COMPENSATION
$150K
AGE
57
TENURE
2.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Dorman Products's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Dorman Products has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Dorman Products, Inc. supplies replacement parts and fasteners for passenger cars, light trucks, and heavy duty trucks to the automotive aftermarket industry in the United States, Canada, Mexico, Europe, the Middle East, and Australia. It offers original equipment dealer products, such as intake and exhaust manifolds, window regulators, radiator fan assemblies, tire pressure monitor sensors, exhaust gas recirculation coolers, and complex electronics modules; fluid reservoirs, variable valve timing components, complex electronics, and integrated door lock actuators; and fasteners, including oil drain plugs, and wheel bolts and lug nuts. The company provides automotive replacement parts comprising door handles, keyless remotes and cases, and door hinge repairs; and heavy duty aftermarket parts for class 4-8 vehicles comprising lighting, cooling, engine management, wheel hardware, air tanks, and cab products. It offers power-train product, including cooling products, harmonic balancers, fluid lines and reservoirs, connectors, 4-wheel drive components, other engine, and transmission and axle components; and chassis products consisting of control arms, brake hardware and hydraulics, axle hardware, suspension arms, knuckles, links, bushings, and other suspension, steering, and brake components. The company provided automotive body products, such as window lift motors, switches and handles, wiper, and other interior and exterior automotive body components; and hardware products comprising threaded bolts; auto body and home electrical wiring components; and other hardware assortments and merchandise. It offers its products under the OE Solutions, HELP!, and HD Solutions brands through automotive aftermarket retailers, including on-line platforms; national, regional, and local warehouse distributors; and specialty markets; salvage yards; local independent parts wholesalers; and mass merchants. The company was founded in 1978 and is headquartered in Colmar, Pennsylvania.

Details
Name: Dorman Products, Inc.
RAB
Exchange: DB
Founded: 1978
$1,566,716,815
32,377,172
Website: http://www.dormanproducts.com
Address: Dorman Products, Inc.
3400 East Walnut Street,
Colmar,
Pennsylvania, 18915,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS DORM Common Stock Nasdaq Global Select US USD 12. Mar 1991
DB RAB Common Stock Deutsche Boerse AG DE EUR 12. Mar 1991
Number of employees
Current staff
Staff numbers
2,737
Dorman Products employees.
Industry
Auto Parts and Equipment
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 23:08
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2020/03/19
Last earnings filing: 2020/02/26
Last earnings reported: 2019/12/28
Last annual earnings reported: 2019/12/28


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.