Dorman Products Stock Z Score

DORM Stock

USD 88.79 0.39 0.44%

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Check out Dorman Products Piotroski F Score and Dorman Products Valuation analysis.

To learn how to invest in Dorman Stock, please use our How to Invest in Dorman Products guide.

At this time, Dorman Products' Change In Working Capital is very stable compared to the past year. As of the 23rd of April 2024, Capital Expenditures is likely to grow to about 46.2 M, while Net Invested Capital is likely to drop about 1.2 B. At this time, Dorman Products' EBIT is very stable compared to the past year. As of the 23rd of April 2024, EBITDA is likely to grow to about 277.6 M, while Income Tax Expense is likely to drop about 21.8 M.

Dorman Products Company Z Score Analysis

Dorman Products' Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..

Z Score

Sum Of

5 Factors

More About Z Score | All Equity Analysis

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

Dorman Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Dorman Products is extremely important. It helps to project a fair market value of Dorman Stock properly, considering its historical fundamentals such as Z Score. Since Dorman Products' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Dorman Products' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Dorman Products' interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Accounts Payable	Intangible Assets	Common Stock	Good Will	Long Term Debt	Property Plant Equipment	Current Deferred Revenue	Net Tangible Assets	Capital Surpluse	Deferred Long Term Liab	Net Invested Capital	Long Term Investments	Net Working Capital	Capital Stock	Short Long Term Debt	Long Term Debt Total
Total Assets		0.95	0.89	0.95	0.92	0.97	0.98	0.81	0.97	0.93	0.12	0.95	0.79	0.92	-0.58	0.27	0.87	-0.01	0.91	-0.84	0.79	-0.73	-0.61	-0.65
Total Stockholder Equity	0.95		0.72	1.0	0.98	0.86	0.98	0.67	0.97	0.78	0.29	0.83	0.81	0.95	-0.68	0.51	0.8	-0.16	0.78	-0.84	0.77	-0.67	-0.57	-0.6
Net Debt	0.89	0.72		0.71	0.65	0.96	0.79	0.83	0.79	0.99	-0.14	0.97	0.59	0.73	-0.33	-0.16	0.78	0.18	0.93	-0.72	0.69	-0.72	-0.62	-0.67
Retained Earnings	0.95	1.0	0.71		0.98	0.86	0.98	0.67	0.97	0.77	0.3	0.83	0.81	0.95	-0.7	0.53	0.8	-0.17	0.78	-0.84	0.77	-0.67	-0.56	-0.6
Net Receivables	0.92	0.98	0.65	0.98		0.82	0.97	0.65	0.95	0.72	0.26	0.78	0.86	0.93	-0.66	0.59	0.8	-0.12	0.74	-0.85	0.78	-0.66	-0.54	-0.57
Total Liab	0.97	0.86	0.96	0.86	0.82		0.92	0.87	0.91	0.98	-0.01	0.98	0.72	0.85	-0.47	0.08	0.87	0.1	0.95	-0.78	0.76	-0.73	-0.6	-0.65
Total Current Assets	0.98	0.98	0.79	0.98	0.97	0.92		0.78	0.98	0.84	0.23	0.88	0.82	0.94	-0.63	0.42	0.86	-0.06	0.86	-0.82	0.78	-0.68	-0.53	-0.57
Short Term Debt	0.81	0.67	0.83	0.67	0.65	0.87	0.78		0.82	0.86	-0.01	0.8	0.6	0.76	-0.39	-0.05	0.8	0.29	0.86	-0.51	0.41	-0.51	-0.27	-0.33
Accounts Payable	0.97	0.97	0.79	0.97	0.95	0.91	0.98	0.82		0.85	0.23	0.87	0.82	0.95	-0.64	0.4	0.85	-0.01	0.85	-0.82	0.7	-0.67	-0.51	-0.55
Intangible Assets	0.93	0.78	0.99	0.77	0.72	0.98	0.84	0.86	0.85		-0.09	0.98	0.61	0.79	-0.38	-0.09	0.81	0.16	0.94	-0.74	0.68	-0.75	-0.64	-0.69
Common Stock	0.12	0.29	-0.14	0.3	0.26	-0.01	0.23	-0.01	0.23	-0.09		-0.1	0.01	0.26	-0.13	0.38	0.15	-0.04	0.0	0.07	0.01	0.2	0.1	0.2
Good Will	0.95	0.83	0.97	0.83	0.78	0.98	0.88	0.8	0.87	0.98	-0.1		0.69	0.81	-0.47	0.03	0.82	0.04	0.93	-0.82	0.79	-0.77	-0.68	-0.72
Long Term Debt	0.79	0.81	0.59	0.81	0.86	0.72	0.82	0.6	0.82	0.61	0.01	0.69		0.78	-0.64	0.54	0.72	-0.13	0.69	-0.84	0.76	-0.52	-0.37	-0.4
Property Plant Equipment	0.92	0.95	0.73	0.95	0.93	0.85	0.94	0.76	0.95	0.79	0.26	0.81	0.78		-0.66	0.44	0.79	-0.04	0.77	-0.8	0.63	-0.66	-0.55	-0.58
Current Deferred Revenue	-0.58	-0.68	-0.33	-0.7	-0.66	-0.47	-0.63	-0.39	-0.64	-0.38	-0.13	-0.47	-0.64	-0.66		-0.68	-0.51	0.68	-0.45	0.53	-0.49	0.32	0.23	0.24
Net Tangible Assets	0.27	0.51	-0.16	0.53	0.59	0.08	0.42	-0.05	0.4	-0.09	0.38	0.03	0.54	0.44	-0.68		0.16	-0.53	-0.01	-0.38	0.32	-0.16	0.01	-0.07
Capital Surpluse	0.87	0.8	0.78	0.8	0.8	0.87	0.86	0.8	0.85	0.81	0.15	0.82	0.72	0.79	-0.51	0.16		0.1	0.95	-0.61	0.77	-0.36	-0.55	-0.34
Deferred Long Term Liab	-0.01	-0.16	0.18	-0.17	-0.12	0.1	-0.06	0.29	-0.01	0.16	-0.04	0.04	-0.13	-0.04	0.68	-0.53	0.1		0.12	0.13	-0.2	0.01	0.01	0.04
Net Invested Capital	0.91	0.78	0.93	0.78	0.74	0.95	0.86	0.86	0.85	0.94	0.0	0.93	0.69	0.77	-0.45	-0.01	0.95	0.12		-0.67	0.78	-0.52	-0.58	-0.47
Long Term Investments	-0.84	-0.84	-0.72	-0.84	-0.85	-0.78	-0.82	-0.51	-0.82	-0.74	0.07	-0.82	-0.84	-0.8	0.53	-0.38	-0.61	0.13	-0.67		-0.78	0.83	0.71	0.82
Net Working Capital	0.79	0.77	0.69	0.77	0.78	0.76	0.78	0.41	0.7	0.68	0.01	0.79	0.76	0.63	-0.49	0.32	0.77	-0.2	0.78	-0.78		-0.53	-0.67	-0.57
Capital Stock	-0.73	-0.67	-0.72	-0.67	-0.66	-0.73	-0.68	-0.51	-0.67	-0.75	0.2	-0.77	-0.52	-0.66	0.32	-0.16	-0.36	0.01	-0.52	0.83	-0.53		0.59	0.92
Short Long Term Debt	-0.61	-0.57	-0.62	-0.56	-0.54	-0.6	-0.53	-0.27	-0.51	-0.64	0.1	-0.68	-0.37	-0.55	0.23	0.01	-0.55	0.01	-0.58	0.71	-0.67	0.59		0.82
Long Term Debt Total	-0.65	-0.6	-0.67	-0.6	-0.57	-0.65	-0.57	-0.33	-0.55	-0.69	0.2	-0.72	-0.4	-0.58	0.24	-0.07	-0.34	0.04	-0.47	0.82	-0.57	0.92	0.82

Click cells to compare fundamentals

To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.

Competition

Predict Dorman Products

According to the company's disclosures, Dorman Products has a Z Score of 0.0. This is 100.0% lower than that of the Automobile Components sector and 100.0% lower than that of the Consumer Discretionary industry. The z score for all United States stocks is 100.0% higher than that of the company.

Dorman Products Institutional Holders

Institutional Holdings refers to the ownership stake in Dorman Products that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Dorman Products' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Dorman Products' value.

		Shares
Ameriprise Financial Inc	2023-09-30	478.9 K
Northern Trust Corp	2023-09-30	465.3 K
Loomis, Sayles & Company Lp	2023-09-30	399.1 K
Bank Of America Corp	2023-09-30	378.7 K
Cooper Creek Partners Management Llc	2023-12-31	363.2 K
Southernsun Asset Management, Llc	2023-12-31	348.2 K
Abrdn Plc	2023-09-30	341.1 K
Wcm Investment Management	2023-12-31	314.7 K
Charles Schwab Investment Management Inc	2023-09-30	312.8 K
Blackrock Inc	2023-09-30	4.1 M
Vanguard Group Inc	2023-09-30	3 M

Dorman Fundamentals

	Return On Equity	0.12
	Return On Asset	0.0701
	Profit Margin	0.07 %
	Operating Margin	0.14 %
	Current Valuation	3.4 B
	Shares Outstanding	31.03 M
	Shares Owned By Insiders	16.14 %
	Shares Owned By Institutions	79.92 %
	Number Of Shares Shorted	372.79 K
	Price To Earning	25.10 X
	Price To Book	2.39 X
	Price To Sales	1.45 X
	Revenue	1.93 B
	Gross Profit	564.45 M
	EBITDA	264.39 M
	Net Income	129.26 M
	Cash And Equivalents	35.44 M
	Cash Per Share	1.13 X
	Total Debt	683.8 M
	Debt To Equity	0.31 %
	Current Ratio	1.75 X
	Book Value Per Share	37.32 X
	Cash Flow From Operations	208.76 M
	Short Ratio	3.05 X
	Earnings Per Share	4.10 X
	Price To Earnings To Growth	1.37 X
	Target Price	97.67
	Number Of Employees	3.87 K
	Beta	0.81
	Market Capitalization	2.74 B
	Total Asset	2.29 B
	Retained Earnings	1.07 B
	Working Capital	686.56 M
	Current Asset	478.63 M
	Current Liabilities	98.57 M
	Net Asset	2.29 B

About Dorman Products Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Dorman Products's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Dorman Products using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Dorman Products based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

Pair Trading with Dorman Products

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Dorman Products position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Dorman Products will appreciate offsetting losses from the drop in the long position's value.

Moving together with Dorman Stock

0.71	F	Ford Motor Earnings Call Tomorrow	Pair Corr
0.79	GM	General Motors Earnings Call Today	Pair Corr

Moving against Dorman Stock

0.82	KNDI	Kandi Technologies	Pair Corr
0.73	WKSP	Worksport	Pair Corr
0.73	FOXF	Fox Factory Holding Financial Report 2nd of May 2024	Pair Corr
0.73	FUV	Arcimoto	Pair Corr
0.72	FFIE	Faraday Future Intel	Pair Corr

The ability to find closely correlated positions to Dorman Products could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dorman Products when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Dorman Products - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Dorman Products to buy it.

The correlation of Dorman Products is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Dorman Products moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dorman Products moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Dorman Products can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Dorman Products is a strong investment it is important to analyze Dorman Products' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Dorman Products' future performance. For an informed investment choice regarding Dorman Stock, refer to the following important reports:

How To Invest In Dorman

Details

Is Dorman Stock a good investment?

Details

What is Dorman Products' Net Worth?

Details

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Check out Dorman Products Piotroski F Score and Dorman Products Valuation analysis.

To learn how to invest in Dorman Stock, please use our How to Invest in Dorman Products guide.

You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.

Complementary Tools for Dorman Stock analysis

When running Dorman Products' price analysis, check to measure Dorman Products' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Dorman Products is operating at the current time. Most of Dorman Products' value examination focuses on studying past and present price action to predict the probability of Dorman Products' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dorman Products' price. Additionally, you may evaluate how the addition of Dorman Products to your portfolios can decrease your overall portfolio volatility.

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Is Dorman Products' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Dorman Products. If investors know Dorman will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Dorman Products listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

1.855

Earnings Share

4.1

Revenue Per Share

61.351

Quarterly Revenue Growth

(0.01)

Return On Assets

0.0701

The market value of Dorman Products is measured differently than its book value, which is the value of Dorman that is recorded on the company's balance sheet. Investors also form their own opinion of Dorman Products' value that differs from its market value or its book value, called intrinsic value, which is Dorman Products' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Dorman Products' market value can be influenced by many factors that don't directly affect Dorman Products' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Dorman Products' value and its price as these two are different measures arrived at by different means. Investors typically determine if Dorman Products is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dorman Products' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Dorman Products Stock Z Score

Dorman Products Company Z Score Analysis

Z Score

Sum Of

5 Factors

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

Dorman Z Score Driver Correlations

Dorman Products Institutional Holders

Dorman Fundamentals

About Dorman Products Fundamental Analysis

Pair Trading with Dorman Products

Moving together with Dorman Stock

Moving against Dorman Stock

Complementary Tools for Dorman Stock analysis

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