Intrinsic value of LKQ - LKQ

Previous Close

$27.98

  Intrinsic Value

$28.31

stock screener

  Rating & Target

hold

+1%

Previous close

$27.98

 
Intrinsic value

$28.31

 
Up/down potential

+1%

 
Rating

hold

We calculate the intrinsic value of LKQ 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 8.7

 

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, %
  23.30
  21.47
  19.82
  18.34
  17.01
  15.81
  14.73
  13.75
  12.88
  12.09
  11.38
  10.74
  10.17
  9.65
  9.19
  8.77
  8.39
  8.05
  7.75
  7.47
  7.22
  7.00
  6.80
  6.62
  6.46
  6.31
  6.18
  6.06
  5.96
  5.86
Revenue, $m
  12,006
  14,583
  17,474
  20,679
  24,196
  28,020
  32,146
  36,567
  41,276
  46,266
  51,532
  57,068
  62,871
  68,939
  75,272
  81,871
  88,741
  95,886
  103,315
  111,034
  119,056
  127,393
  136,058
  145,068
  154,439
  164,190
  174,341
  184,913
  195,930
  207,415
Variable operating expenses, $m
  10,837
  13,072
  15,579
  18,357
  21,407
  24,723
  28,300
  32,133
  36,216
  40,543
  44,680
  49,480
  54,511
  59,773
  65,264
  70,986
  76,942
  83,137
  89,578
  96,271
  103,227
  110,455
  117,968
  125,780
  133,905
  142,359
  151,161
  160,327
  169,879
  179,837
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
  10,837
  13,072
  15,579
  18,357
  21,407
  24,723
  28,300
  32,133
  36,216
  40,543
  44,680
  49,480
  54,511
  59,773
  65,264
  70,986
  76,942
  83,137
  89,578
  96,271
  103,227
  110,455
  117,968
  125,780
  133,905
  142,359
  151,161
  160,327
  169,879
  179,837
Operating income, $m
  1,168
  1,511
  1,895
  2,321
  2,789
  3,297
  3,846
  4,434
  5,060
  5,724
  6,852
  7,588
  8,359
  9,166
  10,008
  10,886
  11,799
  12,749
  13,737
  14,763
  15,830
  16,938
  18,090
  19,288
  20,534
  21,831
  23,180
  24,586
  26,051
  27,578
EBITDA, $m
  1,764
  2,143
  2,567
  3,038
  3,555
  4,117
  4,723
  5,373
  6,065
  6,798
  7,572
  8,385
  9,238
  10,129
  11,060
  12,029
  13,039
  14,089
  15,180
  16,314
  17,493
  18,718
  19,991
  21,315
  22,692
  24,125
  25,616
  27,169
  28,788
  30,476
Interest expense (income), $m
  86
  184
  249
  323
  406
  497
  598
  708
  826
  953
  1,088
  1,231
  1,382
  1,540
  1,707
  1,881
  2,062
  2,251
  2,448
  2,653
  2,866
  3,087
  3,317
  3,556
  3,804
  4,063
  4,331
  4,611
  4,902
  5,205
  5,520
Earnings before tax, $m
  984
  1,262
  1,573
  1,916
  2,292
  2,699
  3,138
  3,608
  4,107
  4,636
  5,621
  6,206
  6,819
  7,459
  8,127
  8,823
  9,548
  10,301
  11,084
  11,897
  12,743
  13,621
  14,534
  15,484
  16,472
  17,499
  18,570
  19,684
  20,846
  22,057
Tax expense, $m
  266
  341
  425
  517
  619
  729
  847
  974
  1,109
  1,252
  1,518
  1,676
  1,841
  2,014
  2,194
  2,382
  2,578
  2,781
  2,993
  3,212
  3,440
  3,678
  3,924
  4,181
  4,447
  4,725
  5,014
  5,315
  5,628
  5,956
Net income, $m
  719
  921
  1,148
  1,399
  1,673
  1,970
  2,291
  2,634
  2,998
  3,384
  4,103
  4,530
  4,978
  5,445
  5,933
  6,441
  6,970
  7,520
  8,091
  8,685
  9,302
  9,943
  10,610
  11,303
  12,024
  12,775
  13,556
  14,370
  15,218
  16,102

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
  11,544
  14,022
  16,802
  19,884
  23,265
  26,942
  30,910
  35,161
  39,689
  44,487
  49,550
  54,873
  60,452
  66,287
  72,377
  78,722
  85,328
  92,199
  99,341
  106,764
  114,477
  122,493
  130,825
  139,489
  148,499
  157,875
  167,636
  177,801
  188,394
  199,438
Adjusted assets (=assets-cash), $m
  11,544
  14,022
  16,802
  19,884
  23,265
  26,942
  30,910
  35,161
  39,689
  44,487
  49,550
  54,873
  60,452
  66,287
  72,377
  78,722
  85,328
  92,199
  99,341
  106,764
  114,477
  122,493
  130,825
  139,489
  148,499
  157,875
  167,636
  177,801
  188,394
  199,438
Revenue / Adjusted assets
  1.040
  1.040
  1.040
  1.040
  1.040
  1.040
  1.040
  1.040
  1.040
  1.040
  1.040
  1.040
  1.040
  1.040
  1.040
  1.040
  1.040
  1.040
  1.040
  1.040
  1.040
  1.040
  1.040
  1.040
  1.040
  1.040
  1.040
  1.040
  1.040
  1.040
Average production assets, $m
  3,506
  4,258
  5,102
  6,038
  7,065
  8,182
  9,387
  10,678
  12,053
  13,510
  15,047
  16,664
  18,358
  20,130
  21,979
  23,906
  25,912
  27,999
  30,168
  32,422
  34,764
  37,199
  39,729
  42,360
  45,096
  47,944
  50,908
  53,995
  57,212
  60,565
Working capital, $m
  2,893
  3,515
  4,211
  4,984
  5,831
  6,753
  7,747
  8,813
  9,948
  11,150
  12,419
  13,753
  15,152
  16,614
  18,140
  19,731
  21,387
  23,109
  24,899
  26,759
  28,693
  30,702
  32,790
  34,961
  37,220
  39,570
  42,016
  44,564
  47,219
  49,987
Total debt, $m
  4,607
  5,976
  7,510
  9,211
  11,078
  13,107
  15,297
  17,644
  20,143
  22,792
  25,587
  28,525
  31,605
  34,826
  38,187
  41,690
  45,336
  49,129
  53,071
  57,169
  61,427
  65,852
  70,451
  75,233
  80,207
  85,382
  90,770
  96,382
  102,229
  108,325
Total liabilities, $m
  6,372
  7,740
  9,275
  10,976
  12,842
  14,872
  17,062
  19,409
  21,908
  24,557
  27,351
  30,290
  33,370
  36,590
  39,952
  43,455
  47,101
  50,894
  54,836
  58,934
  63,191
  67,616
  72,216
  76,998
  81,972
  87,147
  92,535
  98,146
  103,994
  110,090
Total equity, $m
  5,172
  6,282
  7,527
  8,908
  10,423
  12,070
  13,848
  15,752
  17,780
  19,930
  22,198
  24,583
  27,083
  29,697
  32,425
  35,268
  38,227
  41,305
  44,505
  47,830
  51,286
  54,877
  58,610
  62,491
  66,528
  70,728
  75,101
  79,655
  84,401
  89,348
Total liabilities and equity, $m
  11,544
  14,022
  16,802
  19,884
  23,265
  26,942
  30,910
  35,161
  39,688
  44,487
  49,549
  54,873
  60,453
  66,287
  72,377
  78,723
  85,328
  92,199
  99,341
  106,764
  114,477
  122,493
  130,826
  139,489
  148,500
  157,875
  167,636
  177,801
  188,395
  199,438
Debt-to-equity ratio
  0.890
  0.950
  1.000
  1.030
  1.060
  1.090
  1.100
  1.120
  1.130
  1.140
  1.150
  1.160
  1.170
  1.170
  1.180
  1.180
  1.190
  1.190
  1.190
  1.200
  1.200
  1.200
  1.200
  1.200
  1.210
  1.210
  1.210
  1.210
  1.210
  1.210
Adjusted equity ratio
  0.448
  0.448
  0.448
  0.448
  0.448
  0.448
  0.448
  0.448
  0.448
  0.448
  0.448
  0.448
  0.448
  0.448
  0.448
  0.448
  0.448
  0.448
  0.448
  0.448
  0.448
  0.448
  0.448
  0.448
  0.448
  0.448
  0.448
  0.448
  0.448
  0.448

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  719
  921
  1,148
  1,399
  1,673
  1,970
  2,291
  2,634
  2,998
  3,384
  4,103
  4,530
  4,978
  5,445
  5,933
  6,441
  6,970
  7,520
  8,091
  8,685
  9,302
  9,943
  10,610
  11,303
  12,024
  12,775
  13,556
  14,370
  15,218
  16,102
Depreciation, amort., depletion, $m
  596
  632
  672
  717
  766
  820
  877
  939
  1,005
  1,074
  720
  797
  878
  963
  1,052
  1,144
  1,240
  1,340
  1,443
  1,551
  1,663
  1,780
  1,901
  2,027
  2,158
  2,294
  2,436
  2,583
  2,737
  2,898
Funds from operations, $m
  1,314
  1,553
  1,820
  2,116
  2,439
  2,790
  3,168
  3,573
  4,003
  4,459
  4,823
  5,328
  5,856
  6,408
  6,985
  7,585
  8,210
  8,859
  9,535
  10,236
  10,965
  11,723
  12,511
  13,330
  14,182
  15,069
  15,992
  16,953
  17,955
  19,000
Change in working capital, $m
  547
  621
  697
  772
  848
  922
  994
  1,065
  1,135
  1,203
  1,269
  1,334
  1,398
  1,462
  1,526
  1,591
  1,656
  1,722
  1,790
  1,860
  1,933
  2,009
  2,088
  2,171
  2,258
  2,350
  2,446
  2,548
  2,655
  2,768
Cash from operations, $m
  768
  932
  1,123
  1,343
  1,591
  1,868
  2,174
  2,507
  2,868
  3,256
  3,554
  3,994
  4,458
  4,946
  5,458
  5,994
  6,554
  7,137
  7,744
  8,376
  9,032
  9,714
  10,423
  11,159
  11,924
  12,719
  13,545
  14,405
  15,300
  16,232
Maintenance CAPEX, $m
  -136
  -168
  -204
  -244
  -289
  -338
  -391
  -449
  -511
  -577
  -646
  -720
  -797
  -878
  -963
  -1,052
  -1,144
  -1,240
  -1,340
  -1,443
  -1,551
  -1,663
  -1,780
  -1,901
  -2,027
  -2,158
  -2,294
  -2,436
  -2,583
  -2,737
New CAPEX, $m
  -663
  -753
  -844
  -936
  -1,027
  -1,117
  -1,205
  -1,291
  -1,375
  -1,457
  -1,538
  -1,616
  -1,694
  -1,772
  -1,849
  -1,927
  -2,006
  -2,086
  -2,169
  -2,254
  -2,342
  -2,434
  -2,530
  -2,631
  -2,736
  -2,847
  -2,964
  -3,087
  -3,217
  -3,354
Cash from investing activities, $m
  -799
  -921
  -1,048
  -1,180
  -1,316
  -1,455
  -1,596
  -1,740
  -1,886
  -2,034
  -2,184
  -2,336
  -2,491
  -2,650
  -2,812
  -2,979
  -3,150
  -3,326
  -3,509
  -3,697
  -3,893
  -4,097
  -4,310
  -4,532
  -4,763
  -5,005
  -5,258
  -5,523
  -5,800
  -6,091
Free cash flow, $m
  -32
  12
  76
  163
  276
  414
  577
  767
  982
  1,222
  1,370
  1,657
  1,966
  2,296
  2,646
  3,016
  3,404
  3,811
  4,236
  4,678
  5,138
  5,616
  6,112
  6,627
  7,160
  7,714
  8,287
  8,882
  9,500
  10,141
Issuance/(repayment) of debt, $m
  1,204
  1,368
  1,534
  1,701
  1,867
  2,030
  2,190
  2,347
  2,499
  2,649
  2,795
  2,938
  3,080
  3,221
  3,361
  3,503
  3,646
  3,793
  3,943
  4,097
  4,258
  4,425
  4,599
  4,782
  4,974
  5,175
  5,388
  5,611
  5,847
  6,096
Issuance/(repurchase) of shares, $m
  255
  189
  97
  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  
  1,459
  1,557
  1,631
  1,701
  1,867
  2,030
  2,190
  2,347
  2,499
  2,649
  2,795
  2,938
  3,080
  3,221
  3,361
  3,503
  3,646
  3,793
  3,943
  4,097
  4,258
  4,425
  4,599
  4,782
  4,974
  5,175
  5,388
  5,611
  5,847
  6,096
Total cash flow (excl. dividends), $m
  1,427
  1,569
  1,707
  1,864
  2,142
  2,443
  2,767
  3,114
  3,482
  3,871
  4,165
  4,595
  5,046
  5,517
  6,007
  6,519
  7,050
  7,604
  8,178
  8,776
  9,396
  10,041
  10,712
  11,409
  12,134
  12,889
  13,675
  14,494
  15,347
  16,237
Retained Cash Flow (-), $m
  -973
  -1,110
  -1,245
  -1,381
  -1,515
  -1,647
  -1,777
  -1,904
  -2,028
  -2,150
  -2,268
  -2,385
  -2,500
  -2,614
  -2,728
  -2,843
  -2,959
  -3,078
  -3,200
  -3,325
  -3,456
  -3,591
  -3,733
  -3,881
  -4,037
  -4,200
  -4,373
  -4,554
  -4,746
  -4,948
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
  453
  458
  462
  484
  627
  796
  990
  1,209
  1,453
  1,721
  1,897
  2,211
  2,546
  2,903
  3,279
  3,676
  4,091
  4,525
  4,979
  5,450
  5,941
  6,450
  6,979
  7,528
  8,098
  8,689
  9,302
  9,939
  10,601
  11,289
Discount rate, %
  7.20
  7.56
  7.94
  8.33
  8.75
  9.19
  9.65
  10.13
  10.64
  11.17
  11.73
  12.31
  12.93
  13.58
  14.26
  14.97
  15.72
  16.50
  17.33
  18.19
  19.10
  20.06
  21.06
  22.11
  23.22
  24.38
  25.60
  26.88
  28.22
  29.64
PV of cash for distribution, $m
  423
  396
  367
  351
  412
  470
  520
  559
  585
  597
  560
  549
  524
  488
  444
  395
  342
  289
  239
  193
  151
  116
  86
  62
  44
  30
  20
  13
  8
  5
Current shareholders' claim on cash, %
  97.1
  95.5
  94.7
  94.7
  94.7
  94.7
  94.7
  94.7
  94.7
  94.7
  94.7
  94.7
  94.7
  94.7
  94.7
  94.7
  94.7
  94.7
  94.7
  94.7
  94.7
  94.7
  94.7
  94.7
  94.7
  94.7
  94.7
  94.7
  94.7
  94.7

LKQ Corporation (LKQ) is a distributor of vehicle products, including replacement parts, components and systems used in the repair and maintenance of vehicles, as well as specialty vehicle products and accessories, and automotive glass products. The Company's segments include Wholesale-North America; Europe; Specialty, and Self Service. It offers its customers a range of replacement systems, components, equipment and parts to repair and accessorize automobiles, trucks, and recreational and performance vehicles. It distributes a range of products to collision and mechanical repair shops, including aftermarket collision and mechanical products, recycled collision and mechanical products, refurbished collision products, such as wheels, bumper covers and lights, and re-manufactured engines. It also has operations in North America, Europe and Taiwan. It is a provider of alternative vehicle collision replacement products and alternative vehicle mechanical replacement products.

FINANCIAL RATIOS  of  LKQ (LKQ)

Valuation Ratios
P/E Ratio 18.5
Price to Sales 1
Price to Book 2.5
Price to Tangible Book
Price to Cash Flow 13.6
Price to Free Cash Flow 20.1
Growth Rates
Sales Growth Rate 19.3%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 21.8%
Cap. Spend. - 3 Yr. Gr. Rate 18.1%
Financial Strength
Quick Ratio 3
Current Ratio 0.4
LT Debt to Equity 95.1%
Total Debt to Equity 97.1%
Interest Coverage 9
Management Effectiveness
Return On Assets 7.5%
Ret/ On Assets - 3 Yr. Avg. 8.1%
Return On Total Capital 8.1%
Ret/ On T. Cap. - 3 Yr. Avg. 8.8%
Return On Equity 14.2%
Return On Equity - 3 Yr. Avg. 14.6%
Asset Turnover 1.2
Profitability Ratios
Gross Margin 39%
Gross Margin - 3 Yr. Avg. 39.3%
EBITDA Margin 11.3%
EBITDA Margin - 3 Yr. Avg. 11.4%
Operating Margin 8.7%
Oper. Margin - 3 Yr. Avg. 9.4%
Pre-Tax Margin 7.9%
Pre-Tax Margin - 3 Yr. Avg. 8.5%
Net Profit Margin 5.4%
Net Profit Margin - 3 Yr. Avg. 5.7%
Effective Tax Rate 32.5%
Eff/ Tax Rate - 3 Yr. Avg. 33.7%
Payout Ratio 0%

LKQ stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the LKQ stock intrinsic value calculation we used $9736.909 million for the last fiscal year's total revenue generated by LKQ. The default revenue input number comes from 0001 income statement of LKQ. 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 LKQ stock valuation model: a) initial revenue growth rate of 23.3% 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 7.2%, whose default value for LKQ is calculated based on our internal credit rating of LKQ, 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 LKQ.
    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 LKQ stock the variable cost ratio is equal to 91.1%.

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 LKQ 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 LKQ.

Corporate tax rate of 27% is the nominal tax rate for LKQ. 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 LKQ 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 LKQ are equal to 29.2%.

Life of production assets of 20.9 years is the average useful life of capital assets used in LKQ 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 LKQ is equal to 24.1%. 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 - $4198.169 million for LKQ - 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 309.711 million for LKQ 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 LKQ at the current share price and the inputted number of shares is $8.7 billion.

RELATED COMPANIES Price Int.Val. Rating
GPC Genuine Parts 100.82 159.45  str.buy
PRTS U.S. Auto Part 1.50 0.69  str.sell
ORLY O'Reilly A 338.45 197.92  sell
DORM Dorman Product 67.41 45.01  sell
CPRT Copart 49.76 49.92  sell

COMPANY NEWS

▶ LKQ Corporation to Present at Upcoming Investor Conferences   [Aug-30-18 10:00AM  GlobeNewswire]
▶ LKQ Corporation Appoints Three New Board Members   [Aug-06-18 08:31AM  GlobeNewswire]
▶ LKQ Corporation to Present at Upcoming Investor Conference   [Aug-02-18 10:00AM  GlobeNewswire]
▶ LKQ (LKQ) Q2 2018 Earnings Conference Call Transcript   [Jul-27-18 11:23AM  Motley Fool]
▶ LKQ: 2Q Earnings Snapshot   [06:22AM  Associated Press]
▶ Estimating The Intrinsic Value Of LKQ Corporation (NASDAQ:LKQ)   [Jun-26-18 08:33AM  Simply Wall St.]
▶ LKQ Corporation to Present at Upcoming Investor Conferences   [Jun-04-18 06:30PM  GlobeNewswire]
▶ LKQ Corporation Finalizes Acquisition of STAHLGRUBER GmbH   [May-31-18 05:00AM  GlobeNewswire]
▶ Developers: Ikea deal is dead, but our $1.7B project is not   [01:39PM  American City Business Journals]
▶ LKQ Corporation to Host 2018 Investor Day   [May-24-18 10:00AM  GlobeNewswire]
▶ LKQ Corporation to Present at Upcoming Investor Conferences   [May-17-18 10:00AM  GlobeNewswire]
▶ Cost Pressures Punish LKQ   [10:51AM  Motley Fool]
▶ LKQ Corporation to Host Earnings Call   [08:30AM  ACCESSWIRE]
▶ LKQ: 1Q Earnings Snapshot   [07:17AM  Associated Press]
▶ How to make money in the month following Tax Day   [Apr-18-18 02:02PM  CNBC Videos]
▶ LKQ Corporation to Present at Upcoming Investor Conference   [Mar-02-18 10:00AM  GlobeNewswire]
▶ LKQ Keeps Firing on All Cylinders   [Feb-22-18 10:35AM  Motley Fool]
▶ LKQ Corporation to Host Earnings Call   [08:20AM  ACCESSWIRE]
▶ LKQ misses 4Q profit forecasts   [07:43AM  Associated Press]
▶ 7 Quality Stocks in Gurus' Portfolios   [Jan-24-18 03:22PM  GuruFocus.com]
▶ Top-Rated Stocks: LKQ Sees Composite Rating Climb To 98   [Jan-03-18 03:00AM  Investor's Business Daily]
▶ 5 Companies Reach 52-Week Highs   [Jan-02-18 02:39PM  GuruFocus.com]
▶ LKQ Joins Rank Of Stocks With 95-Plus Composite Rating   [Dec-27-17 03:00AM  Investor's Business Daily]
▶ LKQ Purchase Fills in Strategy Gap   [08:50AM  Morningstar]
▶ M&A News: GGP Rejects Buyout; 3M Sells Unit, LKQ Expands In Europe   [Dec-11-17 04:14PM  Investor's Business Daily]
▶ ETFs with exposure to LKQ Corp. : December 7, 2017   [Dec-07-17 02:16PM  Capital Cube]

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