Digital Auto Care Factbook 2019 - 27

Financial Profiles of Select Auto Care Companies
North American Public Aftermarket Companies - Operating Results

North American Public Aftermarket Companies - Operating Results

PUBLIC AFTERMARKET COMPANIES - OPERATING RESULTS(1)(2)(3)(4)
As of 3/31/2018

PUBLIC
($
in millions)AFTERMARKET
As of 3/31/2018

Company

COMPANIES - OPERATING RESULTS(1)(2)(3)(4)

Ticker

LTM

LTM

LTM

Net

Revenue

EBITDA

EBIT

Income

Marg ins
Gross

EBITDA

Sales Growth
EBIT

NI

1 Year

EBITDA Growth

5 Year

1 Year

SSS

5 Year

Latest Q

($ in millions)

SUPPLIERS

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

Cooper Tire & Rubber Company

Motorcar Parts of America, Inc.

Dorman Products, Inc.

$

CTB

DORM

Standard Motor Products, Inc.

SMP

Valvoline Inc.

VVV

PPG Industries, Inc.

PPG

Snap-on Incorporated

SNA

Standard
Motor Products,
Inc.
PARTS
RETAILERS
& DISTRIBUTORS
Mean Tire Distributors Holdings, Inc.
American
Median Inc.
AutoZone,

AZO

2.6%

(7.2%)

(27.5%)

4.1%
(8.1%)

9.0%
(7.3%)

1.2%
(7.9%)

10.6%
(21.3%)

2,051.0 861.9 1,289.0 510.9 255.0

23.3%
42.5

13.2%
35.7%

8.3%
19.0%

1.6%
11.3%

2.3%
0.9%

(5.3%)
9.5%

(18.1%)
NA

2.3%
(1.1%)

Genuine
Parts Company
PARTS RETAILERS
& DISTRIBUTORS

GPC

37.6

1,116.1

149.3

195.6

2,051.0

$

560.0

15,050.0

62.9
59.8
$

2,509.0

$

724.5

4,054.9

$

1,018.9

$

401.1

55.5

$

125.9
516.0

259.2

$

$ 241.7 724.5

$ 89.1 548.9

SNA

U.S. Auto Parts Network, Inc.

Boyd Group Income Fund

Uni-Select Inc.

Monro, Inc.

Mean

Valvoline Inc.

PRTS

BYD.UN

VVV

$

Boyd Group Income Fund
COLLISION
Monro,
Inc.Income Fund
Boyd
Group
Copart,
Inc.Inc.
Valvoline

BYD.UN

$

CPRTVVV

KAR
Auction Services, Inc.
Mean

KAR

LKQ
Corporation
Median

LKQ

$

$

135.1

$

7,505.9

$

2.5%

(2.5%)

5.4%

(1.1%)

(1.9%)

4.2%

7.4%

6.9%

NA

NA

30.6%

7.5%

6.4%

3.7%

9.4%

5.5%

5.6%

2.7%

1.0%

$862.6 660.1 550.4
$

38.8%
475.5

10.9%
43.6%

8.5%
9.7%

5.4%
7.0%

12.3%
5.1%

18.7%
(2.0%)

4.2%
8.6%

16.5%
(18.9%)

5.8% 1.4%

52.6%
(94.6)

21.9%
17.7%

19.2%
4.8%

12.9%
1.8%

5.2%
(1.9%)

7.9%
31.1%

4.4%
18.3%

11.5%
29.4%

1.3%
19.4%

939.52,056.0 579.1 1,336.1
51.1%

25.1%
52.3%

23.2%
21.5%

14.3%
18.5%

7.4%
12.0%

5.4%
3.6%

7.4%
5.0%

10.8%
0.1%

89.1 1,173.8

4.6

1,085.6

24.0

$

44.6

836.8

$

524.7

862.6

$

550.4

862.6

1,745.1

94.2

939.5
$

4.6

836.8

122.1
516.0

$

29.6%

633.2

32.1%

550.4

12.6%

10.9%

10.2%

3.1%

8.5%

6.9%

0.0%

(7.4%)

8.0%

21.0%

(4.2%)

9.7%

7.7%

(0.8%)

7.2%

3.8%

9.2%

1.2%

5.5%

4.4%

8.0%

1.2%

5.4%

9.8%

12.3%

21.9%

19.2%

12.9%

5.2%

579.1

51.1%

25.1%

23.2%

14.3%

7.4%

9.7%

7.0%

5.4%

7.4%

24.0

29.6%

3.7%

1.5%

7.9%

$

44.6

32.1%

7.9%

6.1%

3.1%

21.0%

$

524.7

38.7%

12.6%

10.2%

6.9%

9.8%

550.4
40.4%

38.8%
16.8%

9.7%
13.8%

7.0%
6.4%

5.4%
10.6%

38.5%

15.5%

11.2%

5.1%

9.6%

58.4
56.1

222.0

58.4

38.5%
36.8%

8.6%

15.5%
26.2%

6.0%

11.2%
24.1%

5.1%

10.4%

13.1%
9.6%
9.1%

0.0%

29.3%
9.1%

7.9%
5.4%

(0.0%)

18.2%

(4.2%)
1.7%

4.2%
4.4%
7.4%

(7.4%)

37.5%

9.7%

10.5%

16.5%
11.5%

1.0%

3.8%

9.2%

1.2%

7.4%
19.2%

5.5%
11.2%

4.4%
24.0%

(1.1%)8.0%

1.2%

19.2%

13.8%

24.0%

(1.1%)

13.8%

NA

6.0%

3.7%

13.1%

29.3%

18.2%

37.5%

38.5%8.6%

15.5%
6.0%

11.2%
3.7%

5.1%
13.1%

9.6%
29.3%

9.1%
18.2%

1.7%
37.5%

10.5%
1.0%

$ 656.4 560.0

$606.2 516.0 341.7
$

48.3%
222.0

40.3%
36.8%

37.2%
26.2%

21.0%
24.1%

18.6%
10.4%

10.8%
9.1%

34.3%
NA

14.1%
13.8%

$ 830.6 288.3

$566.0 244.1 362.0
$

42.5%
112.2

24.0%
40.4%

16.4%
16.8%

10.5%
13.8%

9.8%
6.4%

12.0%
10.6%

12.3%
19.2%

12.0%
11.2%

24.0%

(1.1%)

1,103.2
$
$
169.9

$
550.4
$862.6 122.1
$

38.8%
58.4

10.9%
38.5%

8.5%
15.5%

5.4%
11.2%

12.3%
5.1%

18.7%
9.6%

4.2%
19.2%

16.5%
13.8%

5.8%
24.0%

(1.1%)

1,630.7
2,140.0

$

3,458.0
1,601.2

$
$ 10,114.8
1,569.5
$

681.3

$

532.2

$

328.1

43.8%

20.9%

17.0%

10.1%

13.4%

17.7%

17.3%

20.0%

3.4%

2,544.4

$

743.5

$

586.1

$

351.8

44.2%

17.5%

12.5%

8.0%

12.7%

15.4%

15.3%

15.3%

3.4%

BYD.UN

Horizon Global Corporation

HZN

LKQ Corporation

LKQ

KAR Auction Services, Inc.
LKQ Corporation
Mean

Polaris Industries Inc.

$

CPRT
KAR

LKQ

PII

Median

$

LIFESTYLE

Median

475.6

$

$
$

$

893.0

10,114.8

10,114.8

4,193.3

5,649.5

$

2,544.4

4,283.2

$

3,271.2

$

79.4

$

62.9

$

37.6

566.0

$

681.3

$

532.2

743.5

$

586.1

659.2
476.2
369.3

$

830.6

$

1,103.2

1,103.2

$

94.2

$

$

$

79.4

$

606.2
69.6

862.6
459.9
357.4
264.8

$

862.6
$

43.1

LKQ Corporation

LKQ

10,114.8

1,103.2

862.6

13.1%

21.0%

18.6%

10.8%

15.1%

31.3%

9.1%

18.0%

16.4%

10.5%

10.9%

8.5%

5.4%

12.3%

$

328.1

43.8%

20.9%

17.0%

10.1%

13.4%

$

351.8

44.2%

17.5%

12.5%

8.0%

12.7%

231.1

$

37.6

3.7%

37.2%

14.6%

24.0%

69.6

62.9

6.0%

40.3%

16.7%

38.8%

137.1

893.0

8.6%

48.3%
42.5%

$

HZN

45.8%

32.5%

550.4

(3.6)

205.3

FOXF

58.4
341.7

362.0

$

550.4

$

Horizon Global Corporation

PII

475.6

$

$

Fox Factory Holding Corp.

Polaris Industries Inc.

$

135.1
656.4

$

3,458.0

$
$

Mean

1,569.5
1,630.7

$

23.3%
38.8%
26.9%
30.4%
29.7%

43.1

7.1%

10.9%
11.7%
11.6%
11.3%

4.2%
8.5%
8.1%
8.9%
8.3%

(0.4%)
5.4%
4.1%
4.6%
4.8%

37.6%
12.3%
18.5%
21.6%
18.3%

9.8%

NA

18.7%
11.2%

29.3%

12.0%

24.9%

18.7%

18.2%

24.7%

3.2%

15.4%

12.0%

NA

4.2%

17.3%
15.3%

16.5%

5.8%

20.0%

3.4%

15.3%

3.4%

5.8%

15.0%

21.3%

12.9%

NA

15.1%

24.8%

16.5%

NA

15.1%

32.5%

16.7%

14.6%

9.1%

18.0%

23.3%

7.1%

4.2%

(0.4%)

37.6%

550.4

38.8%

10.9%

8.5%

5.4%

12.3%

18.7%

4.2%

16.5%

(3.6)

NA

1.0%

14.1%

12.3%

16.5%

17.7%

37.5%

34.3%
18.9%

4.2%

1.0%
(3.1%)

NA

4,193.3

FOXF

(0.8%)

7.2%

NA

$

Copart, Inc.

8.0%
7.7%

(3.1%)

$

Boyd Group Income Fund

1.3%

10.8%

Median

Fox Factory Holding Corp.

5.8%

45.8%

$

8.6%

3.7%

18.7%

56.1
45.8%

94.2 122.1
$

$

45.8%

1.0%

(0.0%)

52.6%

38.8%

2.2%

2.7%

9.4%

5.6%

(2.6%)

4.9%

3.7%

5.5%

NA

58.4

135.1 169.9
$

94.2

38.8%

6.1%

7.9%

6.4%

7.9%
(2.6%)

58.4

1,094.3
1,569.5
$

$

$

7.9%

1.5%

7.5%

1,173.8

$244.1 862.6
$
$
112.2
122.1

38.7%

3.7%

30.6%

6.6%

Mean
COLLISION
LIFESTYLE

5.8%

10.8%

NA

633.2

$

135.1

2.9%

NA

1,006.2

$

1.3%

2.2% 6.9%

$

$

4.2%

(1.1%)
4.9%

88.4

169.9

6.4%

2.9%
0.1%

11.4

$

3.4%

4.2%
5.0%

$

560.0

4.7%

3.4%
3.6%

114.2

169.9

$ 288.3
1,018.9
$

$

1,569.5

38.0

11.3%

11.3%
12.0%

1,103.2

303.4

MNRO $
BYD.UN

7.4%

13.3%

14.3%
18.5%

1,273.5

1,448.3

1,569.5

1.5%

14.3%

14.3%

29.3%
21.5%

$

RETAIL SERVICE PROVIDERS
Median

10.7%

23.2%

16.5%

73.1
52.3%

1,018.9

9,104.2
1,601.2
$

13.6%

25.1%

29.3%

12.0%

NA

4.2%

$

$

16.7%

51.1%

31.9%

NA

(11.1%)

(2.5%)
19.4%

9,104.2

$

43.6%

579.1

10.4%

13.8%

1.3%
29.4%

$

Median
Mean

1,610.0

NA

2.3%

24.9%

6.4%
18.3%

$

$

4.2%

9.1%

NA

4.7%
31.1%

1,006.2

2,140.0

4.0%

10.4%

3.3%

13.3%
(1.9%)

$

$

13.2%

24.1%

37.6%

16.5%
1.8%

7,505.9

$

14.2%

26.2%

5.5%

10.6%

31.9%4.8%

$

1,094.3

26.4%

36.8%

3.4%

1.2%

5.8%

(18.1%)

$(94.6) 260.7
17.7%

88.4

1,569.5

7.9%

16.9

11.3%

7.4%

13.8%
1.4%

$

$

6.6%

(0.4%)

13.4%

14.3%

3.3%

114.2

$

10.8%

4.2%

29.3%

23.2%

NA
(18.9%)

$

UNS

7.4%

7.1%

(3.6)

25.1%

12.0%

9.1%
8.6%

1,448.3

MNRO

5.4%

23.3%

51.1%

9.0%

(5.3%)

5.5%

11.4

1,018.9

(1.9%)

2.3%

3.4%

$

4,054.9

(11.1%)

2.5%

4.1%

10.4%
(2.0%)

UNS

Snap-on Incorporated

10.4%

(7.0%)

24.1%
5.1%

Uni-Select Inc.

RETAIL SERVICE PROVIDERS

1.5%

1.6%

NA

NA

(27.5%)

11.3%

1,018.9
2,391.7

1,991.9

4.2%

11.9%

(9.1%)

26.2%
7.0%

4,054.9
11,133.8

9,104.2

10.7%

(7.2%)

(7.0%)

13.4%

SNAAZO

10,114.8

4.0%

19.0%

24.9%

Latest Q

36.8%
9.7%

PRTS

16,989.5

13.6%

NA

(3.6%)

SSS

5 Year

29.3%

U.S. Auto Parts Network, Inc.

303.4

13.2%

21.5%

37.6%

2.6%

1 YearNA

222.0
43.6%

Snap-on
Incorporated
AutoZone,
Inc.

GPC

16.7%

(0.4%)

9.2%

8.3%

125.9

1,085.6

$ 10,114.8
9,373.8 1,103.2
$
909.4

14.2%

39.5%

4.2%

14.3%

13.2%

$
401.1 2,056.0
$
259.2 1,336.1
$
2,391.7
1,273.5

7.1%

17.8%

(3.6%)

23.3%

73.1

$660.1 516.0
$
$
475.5

1,991.9 241.7 1,745.1

ORLY

260.7

149.3

9,104.2
5,030.7

O'Reilly Automotive, Inc.

$

26.4%

43.6%

255.0

222.0

$ 909.4 560.0
$

LKQ AAP

Median

$

939.5

23.3%

73.1
108.1

38.0

1,116.1

16,989.5

LKQ

55.5

$

16.9

$ 9,373.8
2,140.0
$

ORLY

LKQ Corporation

37.6

2,048.0

548.9

O'Reilly
Automotive,
Inc.
American
Tire Distributors
Holdings, Inc.

Mean

172.8

1,289.0

LKQ
Corporation
Advance
Auto Parts, Inc.

Genuine Parts Company

(3.6)

259.2

579.1

$ 11,133.8
2,140.0

EBITDA Growth

11.9%
9.2%

939.5

4,394.5
5,030.7

(9.1%)

9.2%

421.4

SMP

(21.3%)

19.0%
11.1%

1,018.9

2,140.0

(7.9%)

14.3%

401.1

NI 9.5%

Sales Growth
(1.1%)
1 Year NA
5 Year

21.5%
23.9%

62.9

EBIT 0.9%

(7.3%)

17.8%

4,054.9

4,394.5

(8.1%)

39.5%
(73.0)

1,610.0

$

9.2%

Marg ins

73.1

2,048.0

$

11.1%

83.0 108.1
$

59.8

2,140.0

23.9%

259.2

$ 195.6 100.0

2,509.0

$

AAP VVV $

Net

421.4

893.0

MPAA

(73.0)

15,050.0

15,508.0

HZN

$

LTM

$172.8

401.1

908.9899.0

83.0

42.5
11.3%
Income 35.7% Gross 19.0% EBITDA

908.9

GT

$

510.9
EBIT

2,813.1

MPAA

Median

LTM

893.0

CTB

Mean

100.0

861.9
EBITDA

15,508.0
4,535.3

HZN

SNA

ValvolineAuto
Inc.Parts, Inc.
Advance

$

GT AXTA

Snap-on Incorporated

Motorcar Parts of America, Inc.

$

2,813.1

PPG

Horizon Global Corporation

LTM

4,535.3
Revenue

DORM

PPG Industries, Inc.

The Goodyear Tire & Rubber Company

899.0

AXTA
Ticker

31.3%
24.9%

18.9%
NA
5.8%

$

5,649.5

$

659.2

$

459.9

$

231.1

26.9%

11.7%

8.1%

4.1%

18.5%

11.2%

24.7%

3.2%

Mean

$

4,283.2

$

476.2

$

357.4

$

205.3

30.4%

11.6%

8.9%

4.6%

21.6%

15.0%

21.3%

12.9%

NA

Median

$

3,271.2

$

369.3

$

264.8

$

137.1

29.7%

11.3%

8.3%

4.8%

18.3%

15.1%

24.8%

16.5%

NA

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, 2018

Jefferies.com

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

Jefferies.com
The 2019 Digital Factbook is Copyright © 2018 Auto Care Association
and/or its licensor. 
All other rights reserved. Use of the 2019 Digital Factbook is subject to compliance with the Legal Terms and Conditions found on page 119 of this report.

Automotive Aftermarket | March 31, 2018

27
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Table of Contents for the Digital Edition of Digital Auto Care Factbook 2019
