Digital Auto Care Factbook 2018 - 27

Financial Profiles of Select Auto Care Companies
North American Public Aftermarket Companies - Operating Results
PUBLIC AFTERMARKET COMPANIES - OPERATING RESULTS(1)(2)(3)(4)
As of 3/31/2017
($ in millions)
Company

LTM
Revenue

Ticker

LTM
EBITDA

LTM
EBIT

Net
Income

Gross

Margins
EBITDA
EBIT

NI

Sales Growth
1 Year
5 Year

EBITDA Growth
1 Year
5 Year

SSS
Latest Q

SUPPLIERS
Affinia Group Intermediate Holdings Inc.
Axalta Coating Systems Ltd.
Cooper Tire & Rubber Company
Dorman Products, Inc.
The Goodyear Tire & Rubber Company
Horizon Global Corporation
Motorcar Parts of America, Inc.

$

899.0

$

100.0

$

$

23.9%

11.1%

9.2%

(8.1%)

(7.3%)

(7.9%)

41.8

38.3%

21.1%

13.3%

1.0%

(0.4%)

(1.0%)

15.8%

8.5%

(1.6%)

19.6%

12.3%

7.1%

11.9%

8.3%

(7.8%)

7.9%

5.1%

(1.9%)

12.8%

27.7%

16.5%

15.7%

7.4%

13.7%

5.8%

80.0%

156.1%

CTB

2,924.9

592.4

462.1

248.4

24.5%

20.3%

859.6

187.5

168.6

106.0

39.3%

21.8%

15,158.0

2,506.0

1,799.0

1,264.0

27.7%

16.5%

HZN

649.2

51.1

32.9

(12.4)

25.8%

MPAA

404.3

66.8

63.3

30.1

GT

543.8

(73.0)

4,097.4

DORM

865.9

83.0

AXTA

(21.3%)

(9.1%)

3.0%

15.1%

(5.6%)

6.8%

15.7%

10.9%

15.5%

14.5%

(7.8%)

6.1%

5.8%

NA

6.1%

NA

Snap-on Incorporated

SNA

3,775.2

948.4

874.5

559.7

51.6%

25.1%

23.2%

14.8%

4.6%

4.5%

10.5%

11.3%

Standard Motor Products, Inc.

SMP

1,058.5

140.1

120.3

60.4

30.5%

13.2%

11.4%

5.7%

8.9%

3.9%

27.9%

12.2%

Valvoline Inc.

VVV

$

1,962.0

$

492.0

$

454.0

$

280.0

39.2%

25.1%

23.1%

14.3%

1.3%

NA

34.7%

Mean

$

3,178.8

$

595.0

$

460.2

$

250.5

32.9%

17.9%

14.8%

6.2%

3.1%

0.3%

16.9%

27.7%

NA
NA

Median

$

1,510.2

$

339.8

$

311.3

$

83.2

29.1%

18.4%

14.5%

7.9%

3.0%

1.4%

8.7%

13.4%

NA

$

9,567.7

$

1,121.6

$

863.2

$

459.6

44.5%

11.7%

9.0%

4.8%

(1.7%)

9.2%

(9.1%)

5.9%

(94.6)

17.6%

4.8%

1.8%

(1.9%)

31.1%

18.3%

29.4%

19.4%

PARTS RETAILERS & DISTRIBUTORS
Advance Auto Parts, Inc.

AAP

American Tire Distributors Holdings, Inc.

5,030.7

241.7

89.1

3.1%

AutoZone, Inc.

AZO

10,749.5

2,389.7

2,082.6

1,269.6

52.8%

22.2%

19.4%

11.8%

3.1%

5.2%

4.5%

6.3%

0.0%

Genuine Parts Company

GPC

15,527.1

1,219.2

1,068.3

689.4

30.0%

7.9%

6.9%

4.4%

1.7%

4.2%

(3.2%)

3.4%

1.0%

LKQ Corporation

LKQ

8,584.0

1,003.1

804.8

464.0

39.1%

11.7%

9.4%

5.4%

19.3%

21.3%

17.7%

18.8%

4.8%

O'Reilly Automotive, Inc.

ORLY

8,593.1

1,919.2

1,699.2

1,037.7

52.5%

22.3%

19.8%

12.1%

7.9%

8.2%

10.1%

13.3%

4.8%

Snap-on Incorporated

SNA

3,775.2

948.4

874.5

559.7

51.6%

25.1%

23.2%

14.8%

4.6%

4.5%

10.5%

11.3%

U.S. Auto Parts Network, Inc.

PRTS

303.6

9.5

1.5

0.7

30.4%

3.1%

0.5%

0.2%

4.3%

(1.5%)

60.7%

(6.6%)

Uni-Select Inc.

UNS

$

1,197.3

$

103.2

$

89.6

$

58.3

30.6%

8.6%

7.5%

4.9%

(11.7%)

(7.6%)

14.8%

1.1%

(1.1%)

Mean

$

7,036.5

$

995.1

$

841.4

$

493.8

38.8%

13.1%

10.8%

6.3%

6.5%

6.9%

15.1%

8.1%

2.1%

Median

$

8,584.0

$

1,003.1

$

874.5

$

559.7

39.1%

11.7%

9.4%

5.4%

4.3%

4.5%

10.5%

6.3%

2.1%

$

1,032.7

$

92.0

$

67.2

$

22.6

45.8%

8.9%

6.5%

2.2%

18.1%

31.2%

22.1%

39.6%

4.7%

65.8

39.6%

16.7%

12.4%

6.6%

6.9%

8.4%

6.0%

8.5%

2.3%

39.2%

25.1%

23.1%

14.3%

1.3%

RETAIL SERVICE PROVIDERS
Boyd Group Income Fund

BYD.UN

Monro Muffler Brake, Inc.

MNRO

Valvoline Inc.

VVV

998.5

167.1

123.5

$

1,962.0

$

492.0

$

454.0

$

280.0

NA

34.7%

NA

Mean

$

1,331.1

$

250.4

$

214.9

$

122.8

41.5%

16.9%

14.0%

7.7%

8.8%

19.8%

20.9%

24.0%

3.5%

Median

$

1,032.7

$

167.1

$

123.5

$

65.8

39.6%

16.7%

12.4%

6.6%

6.9%

19.8%

22.1%

24.0%

3.5%

1,032.7

$

92.0

$

67.2

$

COLLISION
Boyd Group Income Fund

BYD.UN

$

Copart, Inc.

CPRT

1,375.4

488.6

Fenix Parts, Inc.

FENX

129.1

NA

KAR Auction Services, Inc.

KAR

3,150.1

739.6

LKQ Corporation

LKQ

22.6

45.8%

8.9%

6.5%

2.2%

18.1%

31.2%

22.1%

39.6%

4.7%

392.1

44.8%

35.5%

32.1%

28.5%

17.8%

8.7%

22.3%

8.1%

16.6%

(10.3)

(54.6)

35.6%

(3.6%)

(8.0%)

(42.3%)

499.0

222.4

42.0%

23.5%

15.8%

7.1%

17.1%

10.8%

15.5%

9.9%

6.0%

18.8%

4.8%

441.8

NM

NA

NA

NA

$

8,584.0

$

1,003.1

$

804.8

$

464.0

39.1%

11.7%

9.4%

5.4%

19.3%

21.3%

17.7%

Mean

$

2,854.3

$

580.8

$

360.5

$

209.3

41.5%

15.2%

11.2%

0.2%

18.1%

18.0%

19.4%

19.1%

8.0%

Median

$

1,375.4

$

614.1

$

441.8

$

222.4

42.0%

11.7%

9.4%

5.4%

18.0%

16.0%

19.9%

14.4%

5.4%

Source: Capital IQ, Jefferies LLC
Notes:
(1) All values converted to USD at the exchange rate of the date above
(2) Affinia Group and American Tire Distributors have publicly traded debt only and thus are included in operating and performance metrics, but not valuation metrics
(3) Same store sales figures are reflective only of portions applicable to the automotive aftermarket
(4) Definitions: LTM = Last Twelve Months; EBITDA = Earnings Before Interest, Taxes, Depreciation, and Amortization; EBIT = Earnings Before Interest, Taxes; NI = Net Income; SSS = Same Store Sales

Automotive Aftermarket | March 31, 2017

Jefferies.com

The 2018 Digital Factbook is Copyright © 1990 Auto Care Association and/or its licensor. 
All other rights reserved.  Use of the 2018 Digital Factbook is subject to compliance with the Legal Terms and Conditions found on page 119 of this report.

27


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Table of Contents for the Digital Edition of Digital Auto Care Factbook 2018

Digital Auto Care Factbook 2018 - Intro
Digital Auto Care Factbook 2018 - I
Digital Auto Care Factbook 2018 - II
Digital Auto Care Factbook 2018 - III
Digital Auto Care Factbook 2018 - IV
Digital Auto Care Factbook 2018 - 1
Digital Auto Care Factbook 2018 - 2
Digital Auto Care Factbook 2018 - 3
Digital Auto Care Factbook 2018 - 4
Digital Auto Care Factbook 2018 - 5
Digital Auto Care Factbook 2018 - 6
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Digital Auto Care Factbook 2018 - 120
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