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نبذة شخصية:
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For one, its business leans more heavily on car-repair professionals, who account for roughly 60% of sales. That was a drag last year as pandemic-wary consumers opted for do-it-yourself repairs or put off the work. Demand among professionals is just starting to catch up.
Additionally, car parts didn’t exactly fly off the shelf last year in the Northeast—the company’s largest market—because the region’s mobility was heavily affected by the pandemic. That market is staging a healthy recovery in Auto Parts for Ssangyong Actyon demand, and a return to severe restrictions seems less likely in the highly vaccinated region.
There is also more room to run valuation-wise. Advance Auto Parts for Ssangyong Chairman’ shares fetch 1.31 times enterprise value to forward-12-month revenue, while peers AutoZone AZO -0.73% and O’Reilly Automotive ORLY -1.29% fetch 2.9 times and 3.6 times, respectively, according to FactSet.
The company has lagged behind in recent years because its management, which took the reins after activist investor Starboard Value bought a stake in 2015, didn’t deliver on the targets that some analysts think were unrealistic to begin with.
Most of the heavy lifting is now behind Advance Auto Parts for Ssangyong Rodius. In the past few years, the company has overhauled its organizational culture, found efficiencies among its four different store banners and invested wisely in technology, according to Mr. Ciccarelli’s report.
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