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XPEL, Inc. sells, distributes, and installs protective films and coatings worldwide. The company offers automotive surface and paint protection film, headlight protection, and automotive and architectural window films, as well as proprietary DAP software. It also provides pre-cut film products, merchandise and apparel, ceramic coatings, and tools and accessories. In addition, the company offers paint protection kits, car wash products, after-care products, and installation tools through its website. The company sells and distributes its products through independent installers, new car dealerships, third-party distributors, automobile original equipment manufacturers, and company-owned installation centers, as well as through franchisees and online channels. The company serves in the United States, China, Canada, Continental Europe, the United Kingdom, Asia Pacific, Latin America, the Middle East/Africa, and internationally. XPEL, Inc. was founded in 1997 and is headquartered in San Antonio, Texas.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
XPEL Inc makes and sells automotive paint protection film, ceramic coatings and window films through a global network of certified installers and distributors. Long-term growth may be supported by higher aftermarket penetration, product innovation, international expansion and scaling of the installer network, which could strengthen recurring revenue and brand recognition.
Key risks include sensitivity to consumer discretionary auto spending, strong competition from larger materials firms, execution risk in international scaling, and exposure to supply-chain and raw-material cost volatility and currency swings.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | 51.97M | 39.44M | 22.80M | 16.95M | 11.48M |
| Minority interest | - | 0.00M | 0.00M | -0.17M | -0.19M |
| Net income | 41.38M | 31.57M | 18.28M | 13.98M | 8.71M |
| Selling general administrative | 48.21M | 34.29M | 20.91M | 18.83M | 14.80M |
| Selling and marketing expenses | 25.37M | 18.27M | 9.75M | 7.58M | 6.80M |
| Gross profit | 127.51M | 92.68M | 54.03M | 43.51M | 33.44M |
| Reconciled depreciation | 7.83M | 4.39M | 2.23M | 1.70M | 1.38M |
| Ebit | 46.10M | 35.73M | 21.14M | 15.39M | 11.83M |
| Ebitda | 53.94M | 40.12M | 23.37M | 17.09M | 13.21M |
| Depreciation and amortization | 7.83M | 4.39M | 2.23M | 1.70M | 1.38M |
| Non operating income net other | - | -0.37M | -0.32M | - | 0.00M |
| Operating income | 53.94M | 40.12M | 23.37M | 17.09M | 11.83M |
| Other operating expenses | 270.06M | 219.15M | 135.55M | 112.85M | 98.09M |
| Interest expense | 1.41M | 0.30M | 0.25M | 0.10M | 0.17M |
| Tax provision | 10.58M | 7.87M | 4.52M | 2.96M | 2.76M |
| Interest income | - | - | - | 0.14M | 0.32M |
| Net interest income | -1.41M | -0.30M | -0.25M | -0.10M | -0.17M |
| Extraordinary items | - | - | - | - | 0.00M |
| Non recurring | - | - | - | - | 0.00M |
| Other items | - | - | - | - | 0.00M |
| Income tax expense | 10.58M | 7.87M | 4.52M | 2.96M | 2.76M |
| Total revenue | 323.99M | 259.26M | 158.92M | 129.93M | 109.92M |
| Total operating expenses | 73.58M | 52.56M | 30.66M | 26.42M | 21.60M |
| Cost of revenue | 196.48M | 166.59M | 104.90M | 86.43M | 76.48M |
| Total other income expense net | -1.97M | -0.68M | -0.57M | -0.14M | -0.18M |
| Discontinued operations | - | - | - | - | 0.00M |
| Net income from continuing ops | 41.38M | 31.57M | 18.28M | 14.00M | 8.72M |
| Net income applicable to common shares | 41.38M | 31.57M | 18.28M | 13.98M | 8.71M |
| Preferred stock and other adjustments | - | - | - | - | 0.00M |
| Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 258.68M | 193.36M | 161.01M | 83.84M | 51.60M |
| Intangible assets | 34.91M | 29.29M | 32.73M | 5.42M | 3.82M |
| Other current assets | 3.53M | 3.46M | 3.67M | 1.44M | 2.39M |
| Total liab | 78.69M | 68.64M | 76.55M | 30.46M | 16.71M |
| Total stockholder equity | 179.99M | 124.72M | 84.46M | 53.38M | 35.06M |
| Other current liab | 7.45M | 0.21M | -0.82M | -0.06M | -0.56M |
| Common stock | 0.03M | 0.03M | 0.03M | 0.03M | 0.03M |
| Capital stock | 0.03M | 0.03M | 0.03M | 0.03M | 0.03M |
| Retained earnings | 168.62M | 115.82M | 74.44M | 42.88M | 24.59M |
| Other liab | - | 3.12M | 5.38M | 1.36M | 0.60M |
| Good will | 37.46M | 26.76M | 25.66M | 4.47M | 2.41M |
| Other assets | 0.00M | 0.97M | 0.79M | 6.46M | - |
| Cash | 11.61M | 8.06M | 9.64M | 29.03M | 11.50M |
| Total current liabilities | 36.47M | 27.40M | 36.27M | 21.20M | 11.79M |
| Current deferred revenue | 0.76M | 0.26M | 0.82M | 0.24M | 0.56M |
| Net debt | 24.45M | 34.02M | 28.61M | -16.91M | -5.59M |
| Short term debt | 4.03M | 3.96M | 3.35M | 4.22M | 1.59M |
| Short long term debt | 0.06M | 0.08M | 0.38M | 2.57M | 0.46M |
| Short long term debt total | 36.06M | 42.08M | 38.26M | 12.12M | 5.91M |
| Other stockholder equity | 12.55M | 11.07M | 10.58M | 10.41M | 11.35M |
| Property plant equipment | - | 29.51M | 22.81M | 4.71M | 9.09M |
| Total current assets | 146.45M | 106.82M | 79.03M | 62.78M | 36.28M |
| Net tangible assets | - | 68.67M | 26.07M | 48.91M | 28.83M |
| Net receivables | 24.81M | 14.73M | 13.78M | 9.94M | 7.25M |
| Long term debt | 19.32M | 26.00M | 25.08M | 3.57M | 0.31M |
| Inventory | 106.51M | 80.58M | 51.94M | 22.36M | 15.14M |
| Accounts payable | 24.23M | 22.97M | 32.91M | 16.80M | 10.20M |
| Accumulated other comprehensive income | -1.21M | -2.20M | -0.59M | 0.07M | -0.91M |
| Common stock total equity | - | - | 0.03M | 0.03M | 0.03M |
| Retained earnings total equity | - | - | 74.44M | 42.88M | - |
| Non currrent assets other | -34.12M | 0.97M | 0.79M | 0.49M | 15.32M |
| Non current assets total | 112.22M | 86.54M | 81.99M | 21.06M | 15.32M |
| Capital lease obligations | 16.68M | 16.00M | 12.81M | 5.98M | 5.14M |
| Long term debt total | - | - | 25.00M | - | 0.31M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Investments | -14.16M | -56.81M | -4.66M | -2.30M | -3.09M |
| Change to liabilities | -7.90M | 12.02M | 6.64M | 3.88M | -3.64M |
| Total cashflows from investing activities | -14.16M | -56.81M | -4.66M | -2.30M | -3.09M |
| Net borrowings | 0.63M | 19.24M | 4.30M | -1.14M | -3.10M |
| Total cash from financing activities | 0.60M | 19.24M | 3.51M | -1.14M | -3.10M |
| Change to operating activities | 0.26M | -3.04M | 0.51M | -1.62M | 0.13M |
| Net income | 41.38M | 31.57M | 18.28M | 14.00M | 8.72M |
| Change in cash | -1.59M | -19.38M | 17.53M | 7.53M | 0.47M |
| Begin period cash flow | 9.64M | 29.03M | 11.50M | 3.97M | 3.50M |
| End period cash flow | 8.06M | 9.64M | 29.03M | 11.50M | 3.97M |
| Total cash from operating activities | 12.06M | 18.27M | 18.47M | 10.97M | 6.80M |
| Issuance of capital stock | - | - | - | - | 0.00M |
| Depreciation | 7.83M | 4.39M | 2.23M | 1.70M | 1.38M |
| Other cashflows from investing activities | - | -50.08M | -2.88M | -0.06M | -0.68M |
| Dividends paid | - | - | - | - | 0.00M |
| Change to inventory | -28.57M | -26.94M | -6.76M | -4.25M | 0.01M |
| Change to account receivables | -2.63M | -0.43M | -2.43M | -1.77M | -0.26M |
| Sale purchase of stock | - | - | -0.78M | - | 0.00M |
| Other cashflows from financing activities | 0.97M | 25.00M | 14.15M | -2.30M | -3.09M |
| Change to netincome | 0.52M | 1.47M | -0.16M | 0.49M | 0.18M |
| Capital expenditures | 9.56M | 7.69M | 2.16M | 2.24M | 2.42M |
| Change receivables | - | -0.43M | -2.43M | - | 0.00M |
| Cash flows other operating | - | -3.81M | 0.60M | - | 0.00M |
| Exchange rate changes | - | - | - | - | 0.00M |
| Cash and cash equivalents changes | - | -19.30M | 17.31M | - | 0.00M |
| Change in working capital | -37.67M | -19.16M | -1.95M | -5.20M | -3.48M |
| Stock based compensation | 0.52M | 0.17M | 0.11M | 0.30M | 0.22M |
| Other non cash items | 0.47M | 0.29M | 0.06M | 0.06M | 0.04M |
| Free cash flow | 2.50M | 10.58M | 16.31M | 8.72M | 4.38M |
Sector: Consumer Cyclical Industry: Auto Parts
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| XPEL Xpel Inc |
-1.08 2.55% |
41.41 | 20.25 | - | 3.97 | 8.75 | 4.04 | 20.81 |
| ORLY O’Reilly Automotive Inc |
2.06 2.29% |
92.06 | 27.74 | 23.75 | 3.71 | 206.18 | 4.30 | 19.07 |
| AZO AutoZone Inc |
112.43 3.51% |
3312.43 | 25.25 | 24.21 | 3.05 | 13.38 | 3.65 | 17.03 |
| SMTOF Sumitomo Electric Industries Ltd |
-0.08 0.73% |
10.30 | 17.90 | 20.41 | 0.01 | 2.40 | 1.31 | 9.00 |
| SMTOY Sumitomo Electric Industries Ltd ADR |
-0.22 4.32% |
4.87 | 16.31 | 18.35 | 0.01 | 2.16 | 1.31 | 9.05 |
XPEL, Inc. sells, distributes, and installs protective films and coatings worldwide. The company offers automotive surface and paint protection film, headlight protection, and automotive and architectural window films, as well as proprietary DAP software. It also provides pre-cut film products, merchandise and apparel, ceramic coatings, and tools and accessories. In addition, the company offers paint protection kits, car wash products, after-care products, and installation tools through its website. The company sells and distributes its products through independent installers, new car dealerships, third-party distributors, automobile original equipment manufacturers, and company-owned installation centers, as well as through franchisees and online channels. The company serves in the United States, China, Canada, Continental Europe, the United Kingdom, Asia Pacific, Latin America, the Middle East/Africa, and internationally. XPEL, Inc. was founded in 1997 and is headquartered in San Antonio, Texas.
| Name | Title | Year Born |
|---|---|---|
| Mr. Ryan L. Pape | Chairman, Pres & CEO | 1982 |
| Mr. Barry R. Wood | Sr. VP & CFO | 1963 |
| Mr. Mathieu A. Moreau | Sr. VP of Sales & Product | 1976 |
| Mr. Timothy A. Hartt | Co-Founder and VP of Technical Operations & OEM | 1968 |
| Mr. Michael Mayall | VP of Corp. Devel. | NA |
| Ms. Christine Pu | Managing Director of Asia | NA |
| Ms. Christen L. Coffee | VP & Controller | NA |
| Christopher Hardy | Sales Mang. of U.S. East | NA |
| Mr. Ryan L. Pape | Chairman, President & CEO | 1982 |
| Mr. Barry R. Wood | Senior VP & CFO | 1964 |
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