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
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Digital Auto Care Factbook 2018 - 120
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