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DORM logo DORM
Upturn stock ratingUpturn stock rating
DORM logo

Dorman Products Inc (DORM)

Upturn stock ratingUpturn stock rating
$125.15
Delayed price
upturn advisory
PASS
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK

Upturn Advisory Summary

03/27/2025: DORM (2-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

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Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

AI Based Fundamental Rating

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Above Average Performance

These Stocks/ETFs, based on Upturn Advisory, frequently surpass the market, reflecting reliable and trustworthy advice.

Analysis of Past Performance

Type Stock
Historic Profit 9.4%
Avg. Invested days 40
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 4.0
Stock Returns Performance Upturn Returns Performance 2.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 03/27/2025

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 3.69B USD
Price to earnings Ratio 19.63
1Y Target Price 144.5
Price to earnings Ratio 19.63
1Y Target Price 144.5
Volume (30-day avg) 219996
Beta 0.84
52 Weeks Range 86.61 - 146.60
Updated Date 03/31/2025
52 Weeks Range 86.61 - 146.60
Updated Date 03/31/2025
Dividends yield (FY) -
Basic EPS (TTM) 6.14

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 9.46%
Operating Margin (TTM) 9.1%

Management Effectiveness

Return on Assets (TTM) 7.76%
Return on Equity (TTM) 15.44%

Valuation

Trailing PE 19.63
Forward PE 15.67
Enterprise Value 4221103349
Price to Sales(TTM) 1.84
Enterprise Value 4221103349
Price to Sales(TTM) 1.84
Enterprise Value to Revenue 2.1
Enterprise Value to EBITDA 11.97
Shares Outstanding 30581600
Shares Floating 23203149
Shares Outstanding 30581600
Shares Floating 23203149
Percent Insiders 14.92
Percent Institutions 81.76

Analyst Ratings

Rating 3.75
Target Price 138.5
Buy 3
Strong Buy -
Buy 3
Strong Buy -
Hold 1
Sell -
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

Dorman Products Inc

stock logo

Company Overview

overview logo History and Background

Dorman Products, Inc. was founded in 1918 as a supplier to the automotive aftermarket. Over the years, it has evolved from a regional parts supplier to a global manufacturer and distributor of automotive replacement parts, fasteners, and service line products.

business area logo Core Business Areas

  • Aftermarket Parts: Dorman develops, manufactures, and distributes a broad range of automotive replacement parts, including original equipment 'dealer exclusive' parts that are no longer available through the Original Equipment Manufacturers (OEM) supply chain. Products are available for light, medium and heavy duty vehicles.

leadership logo Leadership and Structure

Kevin Olsen serves as the President and Chief Executive Officer. The company is structured with various departments overseeing product development, sales, marketing, and operations.

Top Products and Market Share

overview logo Key Offerings

  • Automotive Replacement Parts: Dorman's core offering includes a vast catalog of automotive replacement parts, from complex electronic modules to basic hardware like fasteners. They offer over 160,000 different parts. Market share data is difficult to pinpoint exactly, but Dorman is a leading player in the automotive aftermarket. Competitors: Standard Motor Products (SMP), Advance Auto Parts (AAP), AutoZone (AZO), O'Reilly Automotive (ORLY).
  • Heavy Duty Parts: Parts related to vehicles above Class 3, including commercial, government and agricultural vehicles. No specific market share data available. Competitors: FleetPride, NAPA.

Market Dynamics

industry overview logo Industry Overview

The automotive aftermarket industry is large and competitive, driven by the increasing age of vehicles on the road, technological advancements in vehicle systems, and the rising cost of new car ownership. It is also experiencing pressures from electric vehicle adoption which have fewer moving parts and may require a different part portfolio.

Positioning

Dorman is positioned as a solutions provider offering parts not readily available through traditional OEM channels. This 'dealer exclusive' approach and focus on innovation gives them a competitive edge.

Total Addressable Market (TAM)

The global automotive aftermarket size was valued at USD 445.29 billion in 2022 and is expected to grow to USD 546.13 billion by 2029. Dorman is well positioned to continue to capture a portion of this TAM through continued investment in new product offerings and improvements in efficiency.

Upturn SWOT Analysis

Strengths

  • Extensive product catalog
  • Strong brand reputation
  • Focus on 'dealer exclusive' parts
  • Established distribution network
  • Innovation in product development

Weaknesses

  • Reliance on the automotive aftermarket
  • Exposure to commodity price fluctuations
  • Potential impact from electric vehicle adoption
  • Inventory management challenges

Opportunities

  • Expanding into new product categories
  • Growth in emerging markets
  • Increasing demand for remanufactured parts
  • Leveraging data analytics for product development
  • Focus on the heavy duty vehicle aftermarket

Threats

  • Intense competition
  • Economic downturns
  • Changes in automotive technology
  • Supply chain disruptions
  • Increased regulation
  • Shift to electric vehicles impacting part demand

Competitors and Market Share

competitor logo Key Competitors

  • SMP
  • AAP
  • AZO
  • ORLY

Competitive Landscape

Dorman competes on product breadth, quality, and innovation. Their focus on hard-to-find parts gives them a competitive advantage. Their main disadvantage would be smaller size compared to giants like AAP, AZO and ORLY.

Major Acquisitions

Motovicity Distribution

  • Year: 2015
  • Acquisition Price (USD millions): 185
  • Strategic Rationale: Acquisition of performance and aftermarket parts distributor.

Growth Trajectory and Initiatives

Historical Growth: Dorman has experienced growth through product innovation, acquisitions, and expansion into new markets.

Future Projections: Future growth is expected to be driven by continued product innovation, market expansion, and strategic acquisitions. Analyst estimates are readily available from financial news sources.

Recent Initiatives: Recent initiatives may include expansion of product lines, investment in technology, and strategic partnerships.

Summary

Dorman Products is a well-established player in the automotive aftermarket, known for its extensive catalog and focus on 'dealer exclusive' parts. Its strong brand and established distribution network are key strengths. The company needs to be wary of increasing EV adoption, and changes in automotive technology. Overall, Dorman is a solid company in a mature market, with the opportunity to grow by expanding its product lines and markets.

Similar Companies

  • SMP
  • AAP
  • AZO
  • ORLY

Sources and Disclaimers

Data Sources:

  • Company Filings (SEC)
  • Industry Reports
  • Financial News Outlets
  • Market Research Reports

Disclaimers:

This analysis is based on publicly available information and is not financial advice. Market conditions and company performance are subject to change.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Dorman Products Inc

Exchange NASDAQ
Headquaters Colmar, PA, United States
IPO Launch date 1991-03-12
President, CEO & Director Mr. Kevin M. Olsen CPA
Sector Consumer Cyclical
Industry Auto Parts
Full time employees 3787
Full time employees 3787

Dorman Products, Inc. supplies replacement and upgrade parts for the motor vehicle aftermarket industry in the United States and internationally. It operates through three segments: Light Duty, Heavy Duty, and Specialty Vehicle. The company offers engine products, including intake and exhaust manifolds, fans, thermostat housings, and throttle bodies; undercar products, such as fluid lines, fluid reservoirs, connectors, 4-wheel drive components and axles, drain plugs, other engine, transmission, and axle components; steering and suspension products consisting of control arms, ball joints, tie-rod ends, brake hardware and hydraulics, wheel and axle hardware, suspension arms, knuckles, links, bushings, and leaf springs, as well as other suspension, steering, and brake components; body products, which include door handles and hinges, window lift motors, window regulators, switches and handles, wiper components, lighting, electrical, and other interior and exterior vehicle body components, including windshields for UTVs; electronics products, such as new and remanufactured modules, clusters and sensors; and hardware products consisting of threaded bolts and auto body fasteners, automotive and home electrical wiring components, and other hardware assortments and merchandise. It also provides OE FIX solutions, including loaded magnetic strut assemblies, turbo line replacement kits, and fully loaded knuckle assemblies; brake components, such as drums and rotors; and intake manifolds, exhaust manifolds, oil filters and coolers, exhaust gas recirculation coolers, driveshafts, UTV windshields, and complex electronics modules. The company markets its products under the DORMAN, DORMAN OE FIX, HELP!, Conduct-Tite, Dayton Parts, SuperATV, Keller Performance Products, Assault Industries, Gboost, and GDP brands. Dorman Products, Inc. was founded in 1918 and is headquartered in Colmar, Pennsylvania.

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