Intrinsic value of Genuine Parts - GPC

Previous Close

$101.34

  Intrinsic Value

$152.28

stock screener

  Rating & Target

str. buy

+50%

Previous close

$101.34

 
Intrinsic value

$152.28

 
Up/down potential

+50%

 
Rating

str. buy

We calculate the intrinsic value of GPC stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 14.9

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  17.60
  16.34
  15.21
  14.19
  13.27
  12.44
  11.70
  11.03
  10.42
  9.88
  9.39
  8.95
  8.56
  8.20
  7.88
  7.59
  7.33
  7.10
  6.89
  6.70
  6.53
  6.38
  6.24
  6.12
  6.01
  5.90
  5.81
  5.73
  5.66
  5.59
Revenue, $m
  19,179
  22,313
  25,706
  29,352
  33,247
  37,383
  41,755
  46,359
  51,191
  56,250
  61,534
  67,043
  72,781
  78,751
  84,959
  91,411
  98,116
  105,083
  112,325
  119,853
  127,681
  135,826
  144,302
  153,129
  162,324
  171,909
  181,904
  192,332
  203,217
  214,584
Variable operating expenses, $m
  17,774
  20,620
  23,702
  27,013
  30,550
  34,306
  38,277
  42,459
  46,848
  51,442
  55,885
  60,889
  66,100
  71,522
  77,160
  83,020
  89,109
  95,437
  102,014
  108,851
  115,961
  123,358
  131,056
  139,073
  147,424
  156,129
  165,206
  174,677
  184,563
  194,886
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  17,774
  20,620
  23,702
  27,013
  30,550
  34,306
  38,277
  42,459
  46,848
  51,442
  55,885
  60,889
  66,100
  71,522
  77,160
  83,020
  89,109
  95,437
  102,014
  108,851
  115,961
  123,358
  131,056
  139,073
  147,424
  156,129
  165,206
  174,677
  184,563
  194,886
Operating income, $m
  1,405
  1,693
  2,004
  2,339
  2,696
  3,076
  3,477
  3,900
  4,344
  4,808
  5,648
  6,154
  6,681
  7,229
  7,799
  8,391
  9,006
  9,646
  10,311
  11,002
  11,720
  12,468
  13,246
  14,056
  14,900
  15,780
  16,698
  17,655
  18,654
  19,698
EBITDA, $m
  1,883
  2,191
  2,524
  2,882
  3,265
  3,671
  4,100
  4,552
  5,027
  5,524
  6,042
  6,584
  7,147
  7,733
  8,343
  8,976
  9,635
  10,319
  11,030
  11,769
  12,538
  13,338
  14,170
  15,037
  15,940
  16,881
  17,863
  18,887
  19,956
  21,072
Interest expense (income), $m
  19
  175
  261
  354
  455
  564
  680
  803
  933
  1,070
  1,214
  1,365
  1,523
  1,687
  1,858
  2,036
  2,221
  2,413
  2,613
  2,820
  3,036
  3,260
  3,493
  3,736
  3,989
  4,252
  4,526
  4,811
  5,109
  5,420
  5,744
Earnings before tax, $m
  1,230
  1,432
  1,650
  1,884
  2,133
  2,396
  2,674
  2,967
  3,273
  3,594
  4,283
  4,632
  4,994
  5,371
  5,763
  6,170
  6,594
  7,034
  7,491
  7,966
  8,460
  8,975
  9,510
  10,068
  10,649
  11,255
  11,887
  12,546
  13,234
  13,954
Tax expense, $m
  332
  387
  446
  509
  576
  647
  722
  801
  884
  970
  1,156
  1,251
  1,348
  1,450
  1,556
  1,666
  1,780
  1,899
  2,022
  2,151
  2,284
  2,423
  2,568
  2,718
  2,875
  3,039
  3,209
  3,387
  3,573
  3,767
Net income, $m
  898
  1,045
  1,205
  1,375
  1,557
  1,749
  1,952
  2,166
  2,389
  2,623
  3,127
  3,381
  3,646
  3,921
  4,207
  4,504
  4,813
  5,134
  5,468
  5,815
  6,176
  6,551
  6,942
  7,349
  7,774
  8,216
  8,677
  9,159
  9,661
  10,186

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  14,596
  16,981
  19,563
  22,338
  25,302
  28,449
  31,777
  35,281
  38,958
  42,808
  46,829
  51,022
  55,389
  59,933
  64,657
  69,567
  74,669
  79,972
  85,483
  91,212
  97,170
  103,368
  109,819
  116,536
  123,535
  130,829
  138,435
  146,371
  154,655
  163,306
Adjusted assets (=assets-cash), $m
  14,596
  16,981
  19,563
  22,338
  25,302
  28,449
  31,777
  35,281
  38,958
  42,808
  46,829
  51,022
  55,389
  59,933
  64,657
  69,567
  74,669
  79,972
  85,483
  91,212
  97,170
  103,368
  109,819
  116,536
  123,535
  130,829
  138,435
  146,371
  154,655
  163,306
Revenue / Adjusted assets
  1.314
  1.314
  1.314
  1.314
  1.314
  1.314
  1.314
  1.314
  1.314
  1.314
  1.314
  1.314
  1.314
  1.314
  1.314
  1.314
  1.314
  1.314
  1.314
  1.314
  1.314
  1.314
  1.314
  1.314
  1.314
  1.314
  1.314
  1.314
  1.314
  1.314
Average production assets, $m
  2,493
  2,901
  3,342
  3,816
  4,322
  4,860
  5,428
  6,027
  6,655
  7,312
  7,999
  8,716
  9,462
  10,238
  11,045
  11,883
  12,755
  13,661
  14,602
  15,581
  16,599
  17,657
  18,759
  19,907
  21,102
  22,348
  23,648
  25,003
  26,418
  27,896
Working capital, $m
  2,608
  3,035
  3,496
  3,992
  4,522
  5,084
  5,679
  6,305
  6,962
  7,650
  8,369
  9,118
  9,898
  10,710
  11,554
  12,432
  13,344
  14,291
  15,276
  16,300
  17,365
  18,472
  19,625
  20,826
  22,076
  23,380
  24,739
  26,157
  27,637
  29,183
Total debt, $m
  4,827
  6,556
  8,428
  10,440
  12,589
  14,871
  17,283
  19,823
  22,490
  25,281
  28,196
  31,236
  34,402
  37,696
  41,121
  44,681
  48,380
  52,224
  56,220
  60,374
  64,693
  69,187
  73,864
  78,734
  83,807
  89,096
  94,610
  100,364
  106,370
  112,641
Total liabilities, $m
  10,582
  12,311
  14,183
  16,195
  18,344
  20,626
  23,038
  25,579
  28,245
  31,036
  33,951
  36,991
  40,157
  43,451
  46,876
  50,436
  54,135
  57,980
  61,975
  66,129
  70,448
  74,942
  79,619
  84,489
  89,563
  94,851
  100,366
  106,119
  112,125
  118,397
Total equity, $m
  4,014
  4,670
  5,380
  6,143
  6,958
  7,824
  8,739
  9,702
  10,714
  11,772
  12,878
  14,031
  15,232
  16,481
  17,781
  19,131
  20,534
  21,992
  23,508
  25,083
  26,722
  28,426
  30,200
  32,048
  33,972
  35,978
  38,070
  40,252
  42,530
  44,909
Total liabilities and equity, $m
  14,596
  16,981
  19,563
  22,338
  25,302
  28,450
  31,777
  35,281
  38,959
  42,808
  46,829
  51,022
  55,389
  59,932
  64,657
  69,567
  74,669
  79,972
  85,483
  91,212
  97,170
  103,368
  109,819
  116,537
  123,535
  130,829
  138,436
  146,371
  154,655
  163,306
Debt-to-equity ratio
  1.200
  1.400
  1.570
  1.700
  1.810
  1.900
  1.980
  2.040
  2.100
  2.150
  2.190
  2.230
  2.260
  2.290
  2.310
  2.340
  2.360
  2.370
  2.390
  2.410
  2.420
  2.430
  2.450
  2.460
  2.470
  2.480
  2.490
  2.490
  2.500
  2.510
Adjusted equity ratio
  0.275
  0.275
  0.275
  0.275
  0.275
  0.275
  0.275
  0.275
  0.275
  0.275
  0.275
  0.275
  0.275
  0.275
  0.275
  0.275
  0.275
  0.275
  0.275
  0.275
  0.275
  0.275
  0.275
  0.275
  0.275
  0.275
  0.275
  0.275
  0.275
  0.275

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  898
  1,045
  1,205
  1,375
  1,557
  1,749
  1,952
  2,166
  2,389
  2,623
  3,127
  3,381
  3,646
  3,921
  4,207
  4,504
  4,813
  5,134
  5,468
  5,815
  6,176
  6,551
  6,942
  7,349
  7,774
  8,216
  8,677
  9,159
  9,661
  10,186
Depreciation, amort., depletion, $m
  478
  498
  520
  543
  568
  595
  623
  652
  683
  716
  394
  429
  466
  504
  544
  585
  628
  673
  719
  768
  818
  870
  924
  981
  1,040
  1,101
  1,165
  1,232
  1,301
  1,374
Funds from operations, $m
  1,376
  1,544
  1,725
  1,919
  2,125
  2,344
  2,575
  2,818
  3,073
  3,339
  3,521
  3,810
  4,112
  4,425
  4,751
  5,090
  5,442
  5,807
  6,187
  6,583
  6,994
  7,421
  7,866
  8,330
  8,813
  9,317
  9,842
  10,390
  10,963
  11,560
Change in working capital, $m
  390
  426
  461
  496
  530
  562
  595
  626
  657
  688
  719
  749
  780
  812
  844
  877
  912
  948
  985
  1,024
  1,065
  1,108
  1,153
  1,200
  1,251
  1,303
  1,359
  1,418
  1,480
  1,546
Cash from operations, $m
  986
  1,118
  1,263
  1,423
  1,596
  1,782
  1,981
  2,192
  2,415
  2,651
  2,802
  3,061
  3,331
  3,613
  3,907
  4,212
  4,530
  4,860
  5,203
  5,559
  5,929
  6,314
  6,714
  7,130
  7,563
  8,013
  8,483
  8,972
  9,482
  10,014
Maintenance CAPEX, $m
  -104
  -123
  -143
  -165
  -188
  -213
  -239
  -267
  -297
  -328
  -360
  -394
  -429
  -466
  -504
  -544
  -585
  -628
  -673
  -719
  -768
  -818
  -870
  -924
  -981
  -1,040
  -1,101
  -1,165
  -1,232
  -1,301
New CAPEX, $m
  -379
  -407
  -441
  -474
  -506
  -538
  -568
  -599
  -628
  -658
  -687
  -716
  -746
  -776
  -807
  -839
  -872
  -906
  -941
  -979
  -1,018
  -1,059
  -1,102
  -1,147
  -1,195
  -1,246
  -1,299
  -1,356
  -1,415
  -1,478
Cash from investing activities, $m
  -483
  -530
  -584
  -639
  -694
  -751
  -807
  -866
  -925
  -986
  -1,047
  -1,110
  -1,175
  -1,242
  -1,311
  -1,383
  -1,457
  -1,534
  -1,614
  -1,698
  -1,786
  -1,877
  -1,972
  -2,071
  -2,176
  -2,286
  -2,400
  -2,521
  -2,647
  -2,779
Free cash flow, $m
  503
  587
  679
  784
  901
  1,031
  1,173
  1,326
  1,490
  1,666
  1,755
  1,951
  2,156
  2,371
  2,596
  2,830
  3,073
  3,326
  3,588
  3,861
  4,144
  4,437
  4,742
  5,058
  5,387
  5,728
  6,083
  6,452
  6,835
  7,235
Issuance/(repayment) of debt, $m
  1,582
  1,729
  1,872
  2,012
  2,149
  2,282
  2,412
  2,540
  2,666
  2,791
  2,915
  3,040
  3,166
  3,294
  3,425
  3,560
  3,699
  3,844
  3,995
  4,154
  4,319
  4,494
  4,677
  4,870
  5,074
  5,288
  5,515
  5,754
  6,006
  6,272
Issuance/(repurchase) of shares, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  1,582
  1,729
  1,872
  2,012
  2,149
  2,282
  2,412
  2,540
  2,666
  2,791
  2,915
  3,040
  3,166
  3,294
  3,425
  3,560
  3,699
  3,844
  3,995
  4,154
  4,319
  4,494
  4,677
  4,870
  5,074
  5,288
  5,515
  5,754
  6,006
  6,272
Total cash flow (excl. dividends), $m
  2,085
  2,316
  2,551
  2,796
  3,050
  3,313
  3,585
  3,866
  4,157
  4,457
  4,670
  4,991
  5,322
  5,665
  6,021
  6,389
  6,772
  7,170
  7,584
  8,014
  8,463
  8,931
  9,419
  9,928
  10,460
  11,016
  11,597
  12,205
  12,841
  13,507
Retained Cash Flow (-), $m
  -602
  -656
  -710
  -763
  -815
  -866
  -915
  -964
  -1,011
  -1,059
  -1,106
  -1,153
  -1,201
  -1,249
  -1,299
  -1,350
  -1,403
  -1,458
  -1,516
  -1,576
  -1,638
  -1,704
  -1,774
  -1,847
  -1,924
  -2,006
  -2,092
  -2,182
  -2,278
  -2,379
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  1,483
  1,661
  1,841
  2,033
  2,235
  2,447
  2,670
  2,903
  3,145
  3,398
  3,565
  3,838
  4,121
  4,416
  4,722
  5,039
  5,369
  5,712
  6,068
  6,439
  6,825
  7,226
  7,645
  8,081
  8,536
  9,010
  9,505
  10,023
  10,563
  11,128
Discount rate, %
  6.60
  6.93
  7.28
  7.64
  8.02
  8.42
  8.84
  9.29
  9.75
  10.24
  10.75
  11.29
  11.85
  12.45
  13.07
  13.72
  14.41
  15.13
  15.88
  16.68
  17.51
  18.39
  19.31
  20.27
  21.29
  22.35
  23.47
  24.64
  25.87
  27.17
PV of cash for distribution, $m
  1,391
  1,452
  1,491
  1,514
  1,520
  1,507
  1,475
  1,426
  1,361
  1,282
  1,159
  1,063
  961
  855
  748
  644
  545
  452
  369
  294
  230
  176
  132
  96
  69
  48
  32
  21
  13
  8
Current shareholders' claim on cash, %
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

Genuine Parts Company is a service organization engaged in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials. The Company's segments include Automotive, Industrial, Office Products Group, Electrical/Electronic Materials and Other. The automotive segment distributes replacement parts for all makes and models of automobiles, trucks and other vehicles. The industrial segment distributes a range of industrial bearings, mechanical and fluid power transmission equipment, including hydraulic and pneumatic products, material handling components and related parts and supplies. The office products segment distributes a range of office products, computer supplies, office furniture, and business electronics. The electrical/electronic materials segment distributes a range of electrical/electronic materials, including insulating and conductive materials for use in electronic and electrical apparatus.

FINANCIAL RATIOS  of  Genuine Parts (GPC)

Valuation Ratios
P/E Ratio 21.9
Price to Sales 1
Price to Book 4.7
Price to Tangible Book
Price to Cash Flow 15.9
Price to Free Cash Flow 19.2
Growth Rates
Sales Growth Rate 0.4%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 46.4%
Cap. Spend. - 3 Yr. Gr. Rate 5.4%
Financial Strength
Quick Ratio 1
Current Ratio 0
LT Debt to Equity 18.4%
Total Debt to Equity 28.6%
Interest Coverage 58
Management Effectiveness
Return On Assets 8.2%
Ret/ On Assets - 3 Yr. Avg. 8.7%
Return On Total Capital 17.4%
Ret/ On T. Cap. - 3 Yr. Avg. 17.5%
Return On Equity 21.7%
Return On Equity - 3 Yr. Avg. 21.7%
Asset Turnover 1.8
Profitability Ratios
Gross Margin 30%
Gross Margin - 3 Yr. Avg. 29.9%
EBITDA Margin 8.1%
EBITDA Margin - 3 Yr. Avg. 8.3%
Operating Margin 7%
Oper. Margin - 3 Yr. Avg. 7.2%
Pre-Tax Margin 7%
Pre-Tax Margin - 3 Yr. Avg. 7.2%
Net Profit Margin 4.5%
Net Profit Margin - 3 Yr. Avg. 4.6%
Effective Tax Rate 36%
Eff/ Tax Rate - 3 Yr. Avg. 36.5%
Payout Ratio 56.3%

GPC stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the GPC stock intrinsic value calculation we used $16308.801 million for the last fiscal year's total revenue generated by Genuine Parts. The default revenue input number comes from 0001 income statement of Genuine Parts. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our GPC stock valuation model: a) initial revenue growth rate of 17.6% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 6.6%, whose default value for GPC is calculated based on our internal credit rating of Genuine Parts, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Genuine Parts.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of GPC stock the variable cost ratio is equal to 93%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for GPC stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for Genuine Parts.

Corporate tax rate of 27% is the nominal tax rate for Genuine Parts. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the GPC stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for GPC are equal to 13%.

Life of production assets of 20.3 years is the average useful life of capital assets used in Genuine Parts operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for GPC is equal to 13.6%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $3412.152 million for Genuine Parts - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 146.753 million for Genuine Parts is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Genuine Parts at the current share price and the inputted number of shares is $14.9 billion.

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PRTS U.S. Auto Part 1.47 0.69  str.sell

COMPANY NEWS

▶ Genuine Parts: 3Q Earnings Snapshot   [08:44AM  Associated Press]
▶ Genuine Parts bolsters last year's $2B acquisition with two European purchases   [Oct-05-18 01:00PM  American City Business Journals]
▶ G.research 42nd Annual Automotive Aftermarket Symposium   [Oct-03-18 07:30AM  Business Wire]
▶ Essendant terminates Genuine Parts deal because of 'superior' Staples proposal   [Sep-10-18 01:34PM  American City Business Journals]
▶ Essendant Acknowledges Receipt Of Letter From Staples   [Sep-05-18 04:34PM  PR Newswire]
▶ Genuine Parts Company Announces Officer Changes   [Aug-20-18 04:30PM  PR Newswire]
▶ Who Owns Genuine Parts Company (NYSE:GPC)?   [11:08AM  Simply Wall St.]
▶ 3 Reliable Dividend Stocks for Your Portfolio   [Jul-23-18 08:18AM  Motley Fool]
▶ Genuine Parts credits acquisitions for record-breaking quarter   [Jul-19-18 11:09AM  American City Business Journals]
▶ [$$] Genuine Parts Ups Sales Guidance   [09:45AM  The Wall Street Journal]
▶ Genuine Parts: 2Q Earnings Snapshot   [08:39AM  Associated Press]
▶ Genuine Parts buys German part supplier, expands European footprint   [Jun-07-18 11:12AM  American City Business Journals]
▶ Atlanta loses another great leader Wilton Looney at 99   [Jun-04-18 06:49AM  American City Business Journals]
▶ You Should Diversify With These Dividend Stocks   [May-23-18 09:02AM  Simply Wall St.]
▶ Genuine Parts not spooked by Staples, calls its merger proposal 'superior'   [May-17-18 10:53AM  American City Business Journals]
▶ Georgia-Pacific plans companys first innovation center in Midtown   [May-11-18 03:00AM  American City Business Journals]
▶ Genuine Parts: 1Q Earnings Snapshot   [08:41AM  Associated Press]
▶ Genuine Parts spins off S.P. Richards in merger   [Apr-13-18 12:58PM  American City Business Journals]
▶ Deals of the day-Mergers and acquisitions   [Apr-12-18 04:02PM  Reuters]
▶ 5 Dividend Stocks Rewarding Shareholders With a Raise   [Mar-01-18 09:00AM  InvestorPlace]

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