Professional
Added to YB: 2024-02-20
Pitch date: 2024-02-16
GPC [bullish]
Genuine Parts Company
-20.67%
current return
Author Info
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Company Info
Genuine Parts Company distributes automotive and industrial replacement parts. The company operates in three segments: North America Automotive Parts Group, International Automotive Parts Group, and Industrial Parts Group.
Market Cap
$14.7B
Pitch Price
$132.54
Price Target
195.00 (+85%)
Dividend
4.02%
EV/EBITDA
8.32
P/E
225.00
EV/Sales
0.87
Sector
Distributors
Category
value
Genuine Parts Company: Maintaining BUY; Valuation Looks Attractive
GPC: Argus buy, $195 PT for 20x '24 EPS. Q4 beat: EPS $9.33 vs $8.34, rev +4.5% on auto & industrial growth. Strong BS, 5% div hike. Restructuring aims $20-40M '24 savings. At 14x '24 EPS, below 15x peer avg. '25 targets: $26.5-27B rev, $11-11.50 EPS. Risks: Amazon, FX, M&A. 2.9% yield, 9M buyback. Near 52w low, undervalued w/ growth potential.
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