Motorcar Parts of America, Inc.

Overview

Date Founded

1968

Headquarters

2929 CALIFORNIA STREET, TORRANCE, CA, 90503

Type of Company

Public

Employees (Worldwide)

4,012

Industries

Auto Parts & Tires
Wholesale: Industrial Products & Manufacturing

Company Description

Motorcar Parts of America, Inc. engages in manufacturing, remanufacturing, and distribution of automotive parts. Its products include starters, alternators, wheel hub assemblies and bearings, brake master cylinders, brake power boosters, and turbochargers. The company was founded by Mel Marks in 1968 and is headquartered in Torrance, CA.

Website

http://www.motorcarparts.com

Contact Data

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Executives & Employees

Selwyn H. Joffe

President & Chief Executive Officer

David Sung Lee

Chief Financial Officer

Steven Kratz

Head, Quality Assurance, Research & Development, Engineering & Information Technology Departments

Juliet Stone

Vice President, General Counsel & Secretary

Kevin Gerard Daly

Chief Accounting Officer

Kamlesh Shah

Chief Accounting Officer

Richard K. Mochulsky

Senior Vice President of Sales & Marketing

Douglas Schooner

Chief Manufacturing Officer & Senior Vice President, Operations for the Under-the-Car Product Lines

Uday Deshpande

Chief Technology Officer

Tyler Fithian

Owner Partner

Board of Directors

Selwyn H. Joffe

Scott Joseph Adelson

Phillip C. Gay

Rudolph Borneo

Jeffrey P. Mirvis

Jay Ferguson

Duane F. Miller

David Bryan

Barbara L. Whittaker

Jamy Rankin

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Motorcar Parts of America, Inc.

Owners & Shareholders

Details Hidden

Global Alpha Capital Management Ltd.

GACM uses different security analysis methods such as fundamental analysis, cyclical analysis and quantitative analysis. The main sources of information they use include database providers of global economic, market and security specific data, financial newspapers and magazines, inspections of corporate activities, research materials prepared by others, corporate rating services, annual reports, prospectuses, filings with SEC and other regulators and stock exchanges, and company press releases. The portfolio managers of the firm also conduct meetings with representatives from companies in whom the firm has an existing or prospective interest, and attend conferences and seminars in addition to their research. GACM mainly uses investment strategies such as long-term purchases (securities held for more than a year) with some short-term purchases (securities held for less than a year).

Details Hidden

Private Capital Management LLC

Private Capital Management (PCM) follows a single fundamental value-based investment discipline. The firm invests primarily in publicly traded equity securities that trade on North American (predominantly US) exchanges. On occasion, investments may include publicly traded limited partnerships. For certain clients (including clients invested in PCM's Value Focus Strategy or the private and public investment funds they manage), the firm has the ability to invest in various financial instruments or derivatives (options) as well as non-equity securities such as corporate debt. PCM also has the ability to execute short sales for clients that have margin accounts and have permitted short selling. While the securities in which the firm invests typically trade on North American exchanges, they may be issued by companies that are based in, or have significant operations within, foreign countries; and companies that derive a significant portion of their revenues from outside North America. PCM manages two portfolio strategies: Value Equity Strategy and a more concentrated Value Focus Strategy. Both strategies are grounded on the firm’s bottom-up investment approach. Clients who participate in the Value Equity Strategy are allowed to impose reasonable restrictions on their accounts, including limitations on investments in specific securities, industries, or sectors. PCM may invest in companies of any market-cap and and typically assumes an investment horizon of 3 to 5 years.

Details Hidden

Heartland Advisors, Inc.

Heartland Advisors is an active, value-based investor that aims to provide superior risk-adjusted returns and limit downside participation. The firm looks for under-researched, under-followed and under-valued securities of well-managed companies with strong balance sheets. They typically sell securities when they consider them to be overvalued relative to other investments. Portfolio managers and research analysts work side-by-side to apply a bottom-up approach that combines traditional fundamental analysis.

Recent Transactions

Details Hidden

Motorcar Parts of America, Inc. purchases Dixie Electric Ltd.

Details Hidden

Motorcar Parts of America, Inc. purchases D&V Electronics Ltd.

Details Hidden

Motorcar Parts of America, Inc. purchases ZOR Industries USA LLC

Insider Transactions

Details Hidden

Rudolph Borneo

Details Hidden

Richard K. Mochulsky

Transaction Advisors

Underwriter

ROTH Capital Partners LLC

Advised onMotorcar Parts of America, Inc. issued USD Common Stock

Legal Advisor

Stikeman Elliott

Advised onMotorcar Parts of America, Inc. purchases D&V Electronics Ltd.

Underwriter

B. Riley & Co. LLC

Advised onMotorcar Parts of America, Inc. issued USD Common Stock

General Counsel

Patricia Bartholomew

Advised onMotorcar Parts of America, Inc. issued USD Common Stock

Advisors & Consultants

Advisor

Gary S. Maier

Professional at Maier and Company

Clients

General Motors Company

General Motors Co. engages in the designing, manufacturing, and selling of cars, trucks and automobile parts. It also provides automotive financing services through General Motors Financial Company, Inc. The firm operates through the following segments: GM North America, GM International, Cruise and GM Financial. It sells vehicles under the Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Jiefang, Wuling, Maven, and OnStar brands. The company was founded by William C. Durant on September 16, 1908 and is headquartered in Detroit, MI.

AutoZone, Inc.

AutoZone, Inc. engages in the retail and distribution of automotive replacement parts and accessories. The firm offers ALLDATA, which produces, sells and maintains diagnostic and repair information software used in the automotive repair industry and E-commerce, which includes direct sales to customers. The company was founded by Joseph R. Hyde, III on July 4, 1979 and is headquartered in Memphis, TN.

Genuine Parts Company

Genuine Parts Co. engages in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials. It operates through the following segments: Automotive, Industrial, Office Products, and Electrical/Electronic Materials. The Automotive segment distributes replacement parts, other than body parts for substantially all makes and models of automobiles, trucks, and other vehicles. The Industrial segment distributes a wide variety 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 wide variety of office products, computer supplies, office furniture, and business electronics. The Electrical/Electronic Materials segment distributes a wide variety of electrical/electronic materials, including insulating and conductive materials for use in electronic and electrical apparatus. The company was founded by Carlyle Fraser on May 7, 1928 and is headquartered in Atlanta, GA.

Key Stats and Financials As of 2020

Market Capitalization

$374M

Total Enterprise Value

$436M

Earnings Per Share

$-0.39

Revenue

$516M

Net Profit

$-7.29M

EBITDA

$30.4M

EBITDAMargin

5.9%

Total Debt

$249M

Total Equity

$276M

Enterprise Value / Sales

0.84x

Enterprise Value EBITDAOperating

12.14x

TEVNet Income

-59.82x

Debt TEV

0.57x

Three Year Compounded Annual Growth Rate Of Revenue

7.01%

Non-Profit Donations & Grants

$1,000 +

2006

March of Dimes Foundation

Political Donations

$3,000

2002

Gary Mendoza

Competitors

Siemens AG Other Manufacturing - Munich, Germany

Siemens AG engages in the production and supply of systems for power generation, power transmission, and medical diagnosis. It operates through the following segments: Power & Gas, Energy Management, Building Technologies, Mobility, Digital Factory, Process Industries & Drives, Siemens Healthcare and Financial Services. The Power and Gas segment offers gas turbines, steam turbines, generators, compressors, power plant solutions, and power and process automation. The Energy Management segment covers high voltage products, low voltage power distribution, power transmission, smart grid solutions and services, transformers, medium voltage switchgear and devices, and energy automation. The Building Technologies segment comprises of automation technologies and services for commercial, industrial, and public buildings and infrastructures. The Mobility segment consists of passenger and freight transportation systems and solutions such as Siemens mobility, green mobility, mobility services, and road and rail solutions. The Digital Factory segment contains solutions such as automation systems, industrial controls, industrial communication, power supplies, electronic car powertrain systems, industry services, industry software, personal computer based automation, motion control, online support, and operator control and monitoring systems. The Process Industries and Drives segment offers standard and customized products, systems, solutions, and services to industry sectors. The Siemens Healthcare segment supplies products in medical imaging, laboratory diagnostics, and information technology solutions to healthcare industry. The Financial Services segment provides business to business financial solutions such as commercial finance, insurance, asset management, project and structured finance, venture capital, and treasury.

CARDONE Industries, Inc. Automobiles - Philadelphia, PA

CARDONE Industries, Inc. engages in the distributions and supplies of automotive products. It include brakes, drivetrain, electronics, motors, pumps, steering and suspension, and fuel and air system. The company was founded by Michael Cardone, Sr. and Michael Cardone, Jr. in 1970 and is headquartered in Philadelphia, PA.

Horiba Ltd. Electrical Products - Kyoto, Japan

The HORIBA Group of worldwide companies provides an extensive array of instruments and systems for applications ranging from automotive R&D, process and environmental monitoring, in-vitro medical diagnostics, semiconductor manufacturing and metrology, to a broad range of scientific R&D and QC measurements. Proven quality and trustworthy performance have established widespread confidence in the HORIBA Brand. Inspired by our unique motto, “JOY and FUN,” we focus on social responsibilities by building state-of-the-art products for scientific advancement; especially for protecting health, safety, and the environment. “HORIBARIANs,” the HORIBA employees all over the world, are looking forward to working with you and providing the best analytical solution for your needs.

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