Intrinsic value of LKQ Corporation - LKQ

Previous Close

$26.82

  Intrinsic Value

$37.93

stock screener

  Rating & Target

buy

+41%

Previous close

$26.82

 
Intrinsic value

$37.93

 
Up/down potential

+41%

 
Rating

buy

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 8.4

 

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, %
  21.60
  19.94
  18.45
  17.10
  15.89
  14.80
  13.82
  12.94
  12.15
  11.43
  10.79
  10.21
  9.69
  9.22
  8.80
  8.42
  8.08
  7.77
  7.49
  7.24
  7.02
  6.82
  6.63
  6.47
  6.32
  6.19
  6.07
  5.97
  5.87
  5.78
Revenue, $m
  14,442
  17,322
  20,518
  24,026
  27,844
  31,966
  36,384
  41,092
  46,083
  51,351
  56,891
  62,699
  68,774
  75,114
  81,722
  88,601
  95,757
  103,196
  110,927
  118,961
  127,309
  135,987
  145,010
  154,394
  164,158
  174,322
  184,907
  195,938
  207,437
  219,431
Variable operating expenses, $m
  13,071
  15,572
  18,346
  21,393
  24,708
  28,287
  32,123
  36,211
  40,545
  45,119
  49,398
  54,441
  59,715
  65,221
  70,959
  76,932
  83,145
  89,604
  96,317
  103,292
  110,542
  118,077
  125,911
  134,059
  142,537
  151,362
  160,554
  170,131
  180,116
  190,530
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
  13,071
  15,572
  18,346
  21,393
  24,708
  28,287
  32,123
  36,211
  40,545
  45,119
  49,398
  54,441
  59,715
  65,221
  70,959
  76,932
  83,145
  89,604
  96,317
  103,292
  110,542
  118,077
  125,911
  134,059
  142,537
  151,362
  160,554
  170,131
  180,116
  190,530
Operating income, $m
  1,371
  1,750
  2,171
  2,633
  3,136
  3,679
  4,261
  4,881
  5,539
  6,232
  7,493
  8,258
  9,058
  9,893
  10,763
  11,670
  12,612
  13,592
  14,610
  15,668
  16,768
  17,911
  19,099
  20,335
  21,621
  22,960
  24,354
  25,807
  27,321
  28,901
EBITDA, $m
  2,114
  2,536
  3,003
  3,517
  4,076
  4,679
  5,326
  6,015
  6,746
  7,517
  8,328
  9,178
  10,067
  10,995
  11,963
  12,970
  14,017
  15,106
  16,238
  17,414
  18,636
  19,906
  21,227
  22,600
  24,030
  25,517
  27,067
  28,682
  30,365
  32,121
Interest expense (income), $m
  86
  233
  310
  396
  492
  598
  713
  837
  969
  1,111
  1,261
  1,419
  1,586
  1,760
  1,943
  2,134
  2,332
  2,539
  2,754
  2,978
  3,210
  3,451
  3,702
  3,963
  4,234
  4,516
  4,810
  5,115
  5,434
  5,765
  6,111
Earnings before tax, $m
  1,138
  1,441
  1,775
  2,141
  2,538
  2,966
  3,425
  3,912
  4,428
  4,971
  6,074
  6,672
  7,298
  7,950
  8,630
  9,337
  10,073
  10,838
  11,632
  12,458
  13,316
  14,208
  15,136
  16,100
  17,104
  18,150
  19,238
  20,373
  21,556
  22,790
Tax expense, $m
  307
  389
  479
  578
  685
  801
  925
  1,056
  1,195
  1,342
  1,640
  1,801
  1,970
  2,147
  2,330
  2,521
  2,720
  2,926
  3,141
  3,364
  3,595
  3,836
  4,087
  4,347
  4,618
  4,900
  5,194
  5,501
  5,820
  6,153
Net income, $m
  831
  1,052
  1,296
  1,563
  1,853
  2,166
  2,500
  2,856
  3,232
  3,629
  4,434
  4,871
  5,327
  5,804
  6,300
  6,816
  7,353
  7,912
  8,492
  9,094
  9,721
  10,372
  11,049
  11,753
  12,486
  13,249
  14,044
  14,872
  15,736
  16,637

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
  13,860
  16,624
  19,691
  23,058
  26,722
  30,677
  34,918
  39,436
  44,226
  49,281
  54,598
  60,172
  66,001
  72,086
  78,428
  85,030
  91,897
  99,036
  106,456
  114,166
  122,178
  130,506
  139,165
  148,170
  157,541
  167,295
  177,454
  188,040
  199,076
  210,586
Adjusted assets (=assets-cash), $m
  13,860
  16,624
  19,691
  23,058
  26,722
  30,677
  34,918
  39,436
  44,226
  49,281
  54,598
  60,172
  66,001
  72,086
  78,428
  85,030
  91,897
  99,036
  106,456
  114,166
  122,178
  130,506
  139,165
  148,170
  157,541
  167,295
  177,454
  188,040
  199,076
  210,586
Revenue / Adjusted assets
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
Average production assets, $m
  4,217
  5,058
  5,991
  7,016
  8,131
  9,334
  10,624
  11,999
  13,456
  14,995
  16,612
  18,308
  20,082
  21,933
  23,863
  25,872
  27,961
  30,133
  32,391
  34,736
  37,174
  39,708
  42,343
  45,083
  47,934
  50,902
  53,993
  57,214
  60,572
  64,074
Working capital, $m
  3,192
  3,828
  4,534
  5,310
  6,154
  7,064
  8,041
  9,081
  10,184
  11,349
  12,573
  13,856
  15,199
  16,600
  18,061
  19,581
  21,162
  22,806
  24,515
  26,290
  28,135
  30,053
  32,047
  34,121
  36,279
  38,525
  40,865
  43,302
  45,844
  48,494
Total debt, $m
  5,738
  7,341
  9,120
  11,073
  13,198
  15,492
  17,952
  20,572
  23,350
  26,283
  29,366
  32,599
  35,980
  39,510
  43,188
  47,017
  51,000
  55,140
  59,444
  63,915
  68,563
  73,393
  78,415
  83,638
  89,073
  94,731
  100,623
  106,763
  113,163
  119,839
Total liabilities, $m
  8,039
  9,642
  11,420
  13,374
  15,499
  17,793
  20,252
  22,873
  25,651
  28,583
  31,667
  34,900
  38,281
  41,810
  45,488
  49,318
  53,300
  57,441
  61,744
  66,216
  70,863
  75,693
  80,716
  85,939
  91,374
  97,031
  102,924
  109,063
  115,464
  122,140
Total equity, $m
  5,821
  6,982
  8,270
  9,684
  11,223
  12,885
  14,665
  16,563
  18,575
  20,698
  22,931
  25,272
  27,721
  30,276
  32,940
  35,713
  38,597
  41,595
  44,711
  47,950
  51,315
  54,813
  58,449
  62,232
  66,167
  70,264
  74,531
  78,977
  83,612
  88,446
Total liabilities and equity, $m
  13,860
  16,624
  19,690
  23,058
  26,722
  30,678
  34,917
  39,436
  44,226
  49,281
  54,598
  60,172
  66,002
  72,086
  78,428
  85,031
  91,897
  99,036
  106,455
  114,166
  122,178
  130,506
  139,165
  148,171
  157,541
  167,295
  177,455
  188,040
  199,076
  210,586
Debt-to-equity ratio
  0.990
  1.050
  1.100
  1.140
  1.180
  1.200
  1.220
  1.240
  1.260
  1.270
  1.280
  1.290
  1.300
  1.300
  1.310
  1.320
  1.320
  1.330
  1.330
  1.330
  1.340
  1.340
  1.340
  1.340
  1.350
  1.350
  1.350
  1.350
  1.350
  1.350
Adjusted equity ratio
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420
  0.420

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  831
  1,052
  1,296
  1,563
  1,853
  2,166
  2,500
  2,856
  3,232
  3,629
  4,434
  4,871
  5,327
  5,804
  6,300
  6,816
  7,353
  7,912
  8,492
  9,094
  9,721
  10,372
  11,049
  11,753
  12,486
  13,249
  14,044
  14,872
  15,736
  16,637
Depreciation, amort., depletion, $m
  743
  785
  832
  884
  940
  1,000
  1,065
  1,134
  1,207
  1,284
  835
  920
  1,009
  1,102
  1,199
  1,300
  1,405
  1,514
  1,628
  1,746
  1,868
  1,995
  2,128
  2,265
  2,409
  2,558
  2,713
  2,875
  3,044
  3,220
Funds from operations, $m
  1,574
  1,837
  2,128
  2,446
  2,793
  3,166
  3,565
  3,990
  4,439
  4,914
  5,269
  5,791
  6,336
  6,906
  7,499
  8,116
  8,758
  9,426
  10,119
  10,840
  11,589
  12,367
  13,177
  14,019
  14,895
  15,807
  16,757
  17,747
  18,780
  19,856
Change in working capital, $m
  567
  636
  706
  775
  844
  911
  976
  1,040
  1,103
  1,164
  1,224
  1,284
  1,342
  1,401
  1,460
  1,520
  1,581
  1,644
  1,709
  1,775
  1,845
  1,918
  1,994
  2,074
  2,158
  2,246
  2,339
  2,438
  2,541
  2,651
Cash from operations, $m
  1,007
  1,200
  1,422
  1,671
  1,949
  2,255
  2,588
  2,949
  3,336
  3,749
  4,044
  4,507
  4,994
  5,505
  6,039
  6,596
  7,177
  7,782
  8,411
  9,065
  9,744
  10,450
  11,183
  11,945
  12,737
  13,561
  14,418
  15,310
  16,238
  17,206
Maintenance CAPEX, $m
  -174
  -212
  -254
  -301
  -353
  -409
  -469
  -534
  -603
  -676
  -753
  -835
  -920
  -1,009
  -1,102
  -1,199
  -1,300
  -1,405
  -1,514
  -1,628
  -1,746
  -1,868
  -1,995
  -2,128
  -2,265
  -2,409
  -2,558
  -2,713
  -2,875
  -3,044
New CAPEX, $m
  -753
  -841
  -933
  -1,025
  -1,115
  -1,203
  -1,290
  -1,375
  -1,457
  -1,538
  -1,618
  -1,696
  -1,774
  -1,851
  -1,930
  -2,009
  -2,089
  -2,172
  -2,257
  -2,346
  -2,438
  -2,534
  -2,635
  -2,740
  -2,851
  -2,968
  -3,091
  -3,221
  -3,358
  -3,502
Cash from investing activities, $m
  -927
  -1,053
  -1,187
  -1,326
  -1,468
  -1,612
  -1,759
  -1,909
  -2,060
  -2,214
  -2,371
  -2,531
  -2,694
  -2,860
  -3,032
  -3,208
  -3,389
  -3,577
  -3,771
  -3,974
  -4,184
  -4,402
  -4,630
  -4,868
  -5,116
  -5,377
  -5,649
  -5,934
  -6,233
  -6,546
Free cash flow, $m
  80
  148
  234
  345
  481
  643
  829
  1,040
  1,276
  1,535
  1,673
  1,976
  2,300
  2,644
  3,007
  3,388
  3,788
  4,205
  4,639
  5,091
  5,560
  6,048
  6,553
  7,077
  7,621
  8,184
  8,769
  9,376
  10,006
  10,660
Issuance/(repayment) of debt, $m
  1,428
  1,603
  1,779
  1,953
  2,125
  2,294
  2,459
  2,621
  2,778
  2,932
  3,084
  3,233
  3,381
  3,529
  3,678
  3,829
  3,983
  4,141
  4,303
  4,472
  4,647
  4,830
  5,022
  5,223
  5,435
  5,658
  5,892
  6,140
  6,401
  6,676
Issuance/(repurchase) of shares, $m
  208
  109
  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  
  1,636
  1,712
  1,779
  1,953
  2,125
  2,294
  2,459
  2,621
  2,778
  2,932
  3,084
  3,233
  3,381
  3,529
  3,678
  3,829
  3,983
  4,141
  4,303
  4,472
  4,647
  4,830
  5,022
  5,223
  5,435
  5,658
  5,892
  6,140
  6,401
  6,676
Total cash flow (excl. dividends), $m
  1,716
  1,860
  2,013
  2,298
  2,607
  2,937
  3,288
  3,661
  4,054
  4,467
  4,757
  5,209
  5,681
  6,173
  6,685
  7,217
  7,770
  8,345
  8,942
  9,563
  10,208
  10,878
  11,575
  12,300
  13,055
  13,842
  14,661
  15,515
  16,406
  17,336
Retained Cash Flow (-), $m
  -1,039
  -1,161
  -1,288
  -1,414
  -1,539
  -1,661
  -1,781
  -1,898
  -2,012
  -2,123
  -2,233
  -2,341
  -2,448
  -2,556
  -2,664
  -2,773
  -2,884
  -2,998
  -3,116
  -3,238
  -3,365
  -3,498
  -3,637
  -3,782
  -3,936
  -4,097
  -4,267
  -4,446
  -4,635
  -4,834
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
  677
  699
  725
  884
  1,068
  1,276
  1,508
  1,763
  2,042
  2,344
  2,524
  2,868
  3,233
  3,618
  4,022
  4,445
  4,886
  5,347
  5,826
  6,325
  6,842
  7,380
  7,938
  8,518
  9,120
  9,745
  10,394
  11,069
  11,771
  12,502
Discount rate, %
  7.40
  7.77
  8.16
  8.57
  8.99
  9.44
  9.92
  10.41
  10.93
  11.48
  12.05
  12.66
  13.29
  13.95
  14.65
  15.38
  16.15
  16.96
  17.81
  18.70
  19.63
  20.62
  21.65
  22.73
  23.87
  25.06
  26.31
  27.63
  29.01
  30.46
PV of cash for distribution, $m
  630
  602
  573
  636
  694
  742
  778
  798
  803
  791
  722
  686
  638
  581
  517
  450
  383
  319
  259
  205
  159
  119
  88
  62
  43
  29
  19
  12
  7
  4
Current shareholders' claim on cash, %
  97.6
  96.6
  96.6
  96.6
  96.6
  96.6
  96.6
  96.6
  96.6
  96.6
  96.6
  96.6
  96.6
  96.6
  96.6
  96.6
  96.6
  96.6
  96.6
  96.6
  96.6
  96.6
  96.6
  96.6
  96.6
  96.6
  96.6
  96.6
  96.6
  96.6

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 Corporation (LKQ)

Valuation Ratios
P/E Ratio 17.8
Price to Sales 1
Price to Book 2.4
Price to Tangible Book
Price to Cash Flow 13
Price to Free Cash Flow 19.3
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 $11877 million for the last fiscal year's total revenue generated by LKQ Corporation. The default revenue input number comes from 0001 income statement of LKQ Corporation. 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 21.6% 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 7.4%, whose default value for LKQ is calculated based on our internal credit rating of LKQ Corporation, 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 Corporation.
    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 91.3%.

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 Corporation.

Corporate tax rate of 27% is the nominal tax rate for LKQ Corporation. 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 19.9 years is the average useful life of capital assets used in LKQ Corporation 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 22.1%. 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 - $4782.298 million for LKQ Corporation - 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 314.788 million for LKQ Corporation 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 Corporation at the current share price and the inputted number of shares is $8.4 billion.

RELATED COMPANIES Price Int.Val. Rating
GPC Genuine Parts 105.41 121.67  hold
PRTS U.S. Auto Part 1.26 0.28  str.sell
ORLY O'Reilly A 401.83 181.01  str.sell
DORM Dorman Product 81.84 43.94  sell
CPRT Copart, Inc. 77.33 26.38  str.sell

CONTACT US      

About X-FIN       Privacy policy       Terms of use      

Copyright © X-FIN.com 2005-2019. All rigths reserved.