Asbury Automotive Group, Inc. (ABG) 10-Year Financial Performance & Capital Metrics

ABG • • Industrial / General

Consumer CyclicalAuto DealershipsTraditional Automotive DealershipsMulti-Brand Franchise Dealers

AboutAsbury Automotive Group, Inc., together with its subsidiaries, operates as an automotive retailer in the United States. It offers a range of automotive products and services, including new and used vehicles; and vehicle repair and maintenance services, replacement parts, and collision repair services. The company also provides finance and insurance products, including arranging vehicle financing through third parties; and aftermarket products, such as extended service contracts, guaranteed asset protection debt cancellation, prepaid maintenance, and credit life and disability insurance. As of December 31, 2021, the company owned and operated 205 new vehicle franchises representing 31 brands of automobiles at 155 dealership locations; and 35 collision centers in the United States. Asbury Automotive Group, Inc. was founded in 1996 and is headquartered in Duluth, Georgia.Show more

Revenue $17.19B +16.1%
EBITDA $911M -10.8%
Net Income $430M -28.6%
EPS (Diluted) 21.50 -25.1%
Gross Margin 17.15% -7.9%
EBITDA Margin 5.3% -23.2%
Operating Margin 4.86% -24.5%
Net Margin 2.5% -38.5%
ROE 12.76% -34.9%
ROIC 7.21% -24.2%
Debt/Equity 1.51 -10.7%
Interest Coverage 3.11 -46.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 24.0%
✓Strong 5Y profit CAGR of 18.5%
✓Strong Piotroski F-Score: 7/9
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 19.0%
✓Share count reduced 4.8% through buybacks

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y11.35%

5Y18.98%

3Y20.44%

TTM8.07%

Profit (Net Income) CAGR

10Y14.45%

5Y18.47%

3Y-6.85%

TTM17.99%

EPS CAGR

10Y19.21%

5Y17.62%

3Y-6.72%

TTM21.04%

ROCE

10Y Avg19.49%

5Y Avg15.91%

3Y Avg14.56%

Latest11.3%

Peer Comparison

Multi-Brand Franchise Dealers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CALIChina Auto Logistics Inc.		50.59	51.10	4.64%	-0.26%	-5.43%		2.55
ANAutoNation, Inc.	7.77B	214.35	12.67	-0.68%	2.38%	26.4%		3.54
PAGPenske Automotive Group, Inc.	10.83B	164.39	11.96	3.14%	3.08%	16.48%	7.49%	1.58
ABGAsbury Automotive Group, Inc.	4.83B	248.50	11.56	16.12%	2.36%	10.86%	7.51%	1.51
LADLithia Motors, Inc.	8.06B	332.38	11.21	16.58%	2.39%	13.23%	0.91%	2.08
GPIGroup 1 Automotive, Inc.	4.79B	397.10	10.81	11.53%	1.67%	12.33%	7.13%	1.76
SAHSonic Automotive, Inc.	1.43B	64.36	10.41	-1.03%	0.86%	12.19%		3.89
CTNTCheetah Net Supply Chain Service Inc.	3.16M	1.16	-0.44	-98.81%	-11.38%	-46.68%		0.20

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	6.59B	6.53B	6.46B	6.87B	7.21B	7.13B	9.84B	15.43B	14.8B	17.19B
Revenue Growth %	0.12%	-0.01%	-0.01%	0.06%	0.05%	-0.01%	0.38%	0.57%	-0.04%	0.16%
Cost of Goods Sold+	5.53B	5.47B	5.4B	5.77B	6.04B	5.91B	7.94B	12.33B	12.05B	14.24B
COGS % of Revenue	0.84%	0.84%	0.84%	0.84%	0.84%	0.83%	0.81%	0.8%	0.81%	0.83%
Gross Profit+	1.06B	1.06B	1.06B	1.1B	1.17B	1.22B	1.9B	3.1B	2.76B	2.95B
Gross Margin %	0.16%	0.16%	0.16%	0.16%	0.16%	0.17%	0.19%	0.2%	0.19%	0.17%
Gross Profit Growth %	0.1%	-0%	-0%	0.04%	0.06%	0.05%	0.55%	0.63%	-0.11%	0.07%
Operating Expenses+	759.2M	760.9M	768.2M	792.1M	843.9M	852.6M	1.11B	1.83B	1.8B	2.11B
OpEx % of Revenue	0.12%	0.12%	0.12%	0.12%	0.12%	0.12%	0.11%	0.12%	0.12%	0.12%
Selling, General & Admin	729.9M	732.5M	729.7M	755.8M	799.8M	781.9M	1.07B	1.76B	1.62B	1.89B
SG&A % of Revenue	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%	0.11%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	29.3M	28.4M	38.5M	36.3M	44.1M	70.7M	36.5M	64.6M	184.9M	224.5M
Operating Income+	301.6M	297.8M	287.7M	310.9M	325M	370.8M	791.8M	1.27B	953.5M	835.6M
Operating Margin %	0.05%	0.05%	0.04%	0.05%	0.05%	0.05%	0.08%	0.08%	0.06%	0.05%
Operating Income Growth %	0.12%	-0.01%	-0.03%	0.08%	0.05%	0.14%	1.14%	0.61%	-0.25%	-0.12%
EBITDA+	331.1M	328.5M	319.8M	344.6M	361.2M	409.3M	833.7M	1.34B	1.02B	910.6M
EBITDA Margin %	0.05%	0.05%	0.05%	0.05%	0.05%	0.06%	0.08%	0.09%	0.07%	0.05%
EBITDA Growth %	0.12%	-0.01%	-0.03%	0.08%	0.05%	0.13%	1.04%	0.61%	-0.24%	-0.11%
D&A (Non-Cash Add-back)	29.5M	30.7M	32.1M	33.7M	36.2M	38.5M	41.9M	69M	67.7M	75M
EBIT	336.5M	343.3M	287.7M	310.9M	336.7M	412.6M	799.8M	1.48B	967M	844.3M
Net Interest Income+	-63.1M	-75.5M	-78.6M	-86.1M	-92.8M	-74.5M	-102.1M	-160.6M	-165.7M	-269M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	63.1M	75.5M	78.6M	86.1M	92.8M	74.5M	102.1M	160.6M	165.7M	269M
Other Income/Expense	-28.2M	-30M	-78.6M	-86.1M	-81.1M	-32.7M	-94.1M	46.5M	-152.2M	-260.3M
Pretax Income+	273.4M	267.8M	209.1M	224.8M	243.9M	338.1M	697.7M	1.32B	801.3M	575.3M
Pretax Margin %	0.04%	0.04%	0.03%	0.03%	0.03%	0.05%	0.07%	0.09%	0.05%	0.03%
Income Tax+	104M	100.6M	70M	56.8M	59.5M	83.7M	165.3M	321.8M	198.8M	145M
Effective Tax Rate %	0.62%	0.62%	0.67%	0.75%	0.76%	0.75%	0.76%	0.76%	0.75%	0.75%
Net Income+	169.2M	167.2M	139.1M	168M	184.4M	254.4M	532.4M	997.3M	602.5M	430.3M
Net Margin %	0.03%	0.03%	0.02%	0.02%	0.03%	0.04%	0.05%	0.06%	0.04%	0.03%
Net Income Growth %	0.52%	-0.01%	-0.17%	0.21%	0.1%	0.38%	1.09%	0.87%	-0.4%	-0.29%
Net Income (Continuing)	169.4M	167.2M	139.1M	168M	184.4M	254.3M	532.4M	997.3M	602.5M	430.3M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	6.41	7.40	6.62	8.28	9.55	13.18	26.49	44.52	28.69	21.50
EPS Growth %	0.73%	0.15%	-0.11%	0.25%	0.15%	0.38%	1.01%	0.68%	-0.36%	-0.25%
EPS (Basic)	6.43	7.43	6.69	8.36	9.65	13.25	26.75	44.72	28.83	21.58
Diluted Shares Outstanding	26.4M	22.6M	21M	20.3M	19.3M	19.3M	20.1M	22.4M	21M	20M
Basic Shares Outstanding	26.3M	22.5M	20.8M	20.1M	19.1M	19.2M	19.9M	22.3M	20.9M	19.9M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	1.33B	1.33B	1.3B	1.55B	1.6B	1.41B	1.93B	1.91B	3.06B	3.14B
Cash & Short-Term Investments	2.8M	3.4M	4.7M	8.3M	3.5M	1.4M	189.9M	240.7M	51.9M	83.8M
Cash Only	2.8M	3.4M	4.7M	8.3M	3.5M	1.4M	178.9M	235.3M	45.7M	69.4M
Short-Term Investments	0	0	0	0	0	0	11M	5.4M	6.2M	14.4M
Accounts Receivable	295.2M	321M	321.8M	328.6M	348M	337.4M	469.5M	446.1M	564.7M	608.8M
Days Sales Outstanding	16.35	17.95	18.19	17.45	17.62	17.27	17.42	10.55	13.92	12.93
Inventory	917.2M	894.9M	826M	1.07B	985M	875.2M	718.4M	959.2M	1.77B	1.98B
Days Inventory Outstanding	60.57	59.72	55.83	67.52	59.51	54.07	33.04	28.39	53.58	50.72
Other Current Assets	107.6M	104.6M	124.9M	133.5M	255.6M	171.2M	532.8M	210.9M	607.9M	413.6M
Total Non-Current Assets+	962.9M	1B	1.05B	1.14B	1.31B	2.27B	6.07B	6.11B	7.1B	7.2B
Property, Plant & Equipment	772.8M	815.4M	834.2M	886.1M	975.3M	1.27B	2.25B	2.18B	2.56B	2.77B
Fixed Asset Turnover	8.53x	8.01x	7.74x	7.76x	7.39x	5.60x	4.37x	7.09x	5.79x	6.20x
Goodwill	130.2M	128.1M	160.8M	181.2M	201.7M	562.2M	2.27B	1.78B	2.01B	2.04B
Intangible Assets	48.5M	48.5M	49.6M	65.8M	121.7M	425.2M	1.34B	1.8B	2.1B	1.91B
Long-Term Investments	0	0	0	0	0	0	123.5M	235M	326.7M	334.2M
Other Non-Current Assets	11.4M	11.7M	10M	9.3M	10M	9.6M	22.2M	116.7M	113.4M	137.6M
Total Assets+	2.31B	2.34B	2.36B	2.7B	2.91B	3.68B	8B	8.02B	10.16B	10.34B
Asset Turnover	2.86x	2.79x	2.74x	2.55x	2.48x	1.94x	1.23x	1.92x	1.46x	1.66x
Asset Growth %	0.05%	0.01%	0.01%	0.14%	0.08%	0.26%	1.18%	0%	0.27%	0.02%
Total Current Liabilities+	1.01B	1.1B	1.06B	1.3B	1.25B	1.22B	1.6B	1.03B	2.88B	2.84B
Accounts Payable	85.5M	81.9M	92.4M	81.9M	81.7M	97.6M	163.9M	147.4M	155.6M	169.1M
Days Payables Outstanding	5.65	5.47	6.24	5.18	4.94	6.03	7.54	4.36	4.71	4.33
Short-Term Debt	802.7M	876.7M	831.8M	1.09B	904.6M	871.5M	777.1M	230M	2.11B	2.03B
Deferred Revenue (Current)	0	0	0	0	-300K	0	1000K	1000K	1000K	1000K
Other Current Liabilities	66.2M	80.6M	82.5M	77.7M	183M	116.7M	227.4M	232.7M	78.7M	-4.3M
Current Ratio	1.32x	1.21x	1.23x	1.19x	1.29x	1.15x	1.21x	1.85x	1.06x	1.11x
Quick Ratio	0.41x	0.40x	0.45x	0.37x	0.50x	0.43x	0.76x	0.92x	0.45x	0.41x
Cash Conversion Cycle	71.27	72.21	67.77	79.79	72.19	65.31	42.92	34.57	62.79	59.31
Total Non-Current Liabilities+	983.6M	951.5M	904.3M	918.9M	1.02B	1.55B	4.29B	4.08B	4.04B	4B
Long-Term Debt	940.4M	912.7M	862.6M	866.5M	907M	1.17B	3.51B	3.22B	3.12B	3.02B
Capital Lease Obligations	0	0	0	0	52.6M	303.7M	242M	226.8M	222.1M	200M
Deferred Tax Liabilities	13.7M	8.9M	12.5M	0	26M	43.7M	8.5M	100.7M	136.4M	187.7M
Other Non-Current Liabilities	29.5M	29.9M	29.2M	52.4M	32.4M	34.8M	60.7M	53.6M	51.8M	38.6M
Total Liabilities	1.99B	2.06B	1.96B	2.22B	2.27B	2.77B	5.89B	5.12B	6.92B	6.83B
Total Debt+	1.74B	1.79B	1.69B	1.96B	1.88B	2.37B	4.56B	3.69B	5.48B	5.28B
Net Debt	1.74B	1.79B	1.69B	1.95B	1.88B	2.36B	4.38B	3.45B	5.43B	5.21B
Debt / Equity	5.54x	6.40x	4.30x	4.14x	2.91x	2.61x	2.16x	1.27x	1.69x	1.51x
Debt / EBITDA	5.26x	5.45x	5.30x	5.68x	5.21x	5.78x	5.47x	2.75x	5.37x	5.80x
Net Debt / EBITDA	5.26x	5.44x	5.28x	5.66x	5.20x	5.78x	5.26x	2.57x	5.32x	5.72x
Interest Coverage	4.78x	3.94x	3.66x	3.61x	3.50x	4.98x	7.76x	7.92x	5.75x	3.11x
Total Equity+	314.5M	279.7M	394.2M	473.2M	646.3M	905.5M	2.12B	2.9B	3.24B	3.5B
Equity Growth %	-0.29%	-0.11%	0.41%	0.2%	0.37%	0.4%	1.34%	0.37%	0.12%	0.08%
Book Value per Share	11.91	12.38	18.77	23.31	33.49	46.92	105.25	129.62	154.48	175.10
Total Shareholders' Equity	314.5M	279.7M	394.2M	473.2M	646.3M	905.5M	2.12B	2.9B	3.24B	3.5B
Common Stock	400K	400K	400K	400K	400K	400K	400K	400K	400K	400K
Retained Earnings	444.3M	611.5M	750.3M	922.7M	1.09B	1.35B	1.88B	2.61B	2.96B	3.22B
Treasury Stock	-663.9M	-879.5M	-919.1M	-1.02B	-1.03B	-1.03B	-1.04B	-1.06B	-1.07B	-1.08B
Accumulated OCI	-3.5M	-2.1M	-900K	600K	-2.9M	-5.6M	-700K	74.4M	61.1M	56.8M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	155.4M	142.5M	266.3M	10.1M	349.8M	652.5M	1.16B	696M	313M	671.2M
Operating CF Margin %	0.02%	0.02%	0.04%	0%	0.05%	0.09%	0.12%	0.05%	0.02%	0.04%
Operating CF Growth %	0.85%	-0.08%	0.87%	-0.96%	33.63%	0.87%	0.78%	-0.4%	-0.55%	1.14%
Net Income	169.2M	167.2M	139.1M	168M	184.4M	254.4M	532.4M	997.3M	602.5M	430.3M
Depreciation & Amortization	29.5M	30.7M	32.1M	33.7M	36.2M	38.5M	41.9M	69M	67.7M	75M
Stock-Based Compensation	10M	12M	13.6M	10.5M	12.5M	12.6M	16.2M	20.6M	23.5M	26.7M
Deferred Taxes	9.5M	6.1M	2.8M	5.3M	5.4M	9.5M	31.2M	148.5M	39.7M	52.7M
Other Non-Cash Items	-16.3M	-16.3M	31.8M	29.3M	43.2M	25.9M	48.6M	-134.6M	161.3M	223.5M
Working Capital Changes	-46.5M	-57.2M	46.9M	-236.7M	68.1M	311.6M	493.4M	-404.8M	-581.7M	-137M
Change in Receivables	-11.2M	-19.5M	10.2M	-1.5M	-6M	14.1M	83.8M	30.6M	-113.5M	-44.1M
Change in Inventory	50.1M	105.3M	251.5M	-24.4M	212.1M	428M	670.5M	6.9M	-575.7M	-230.2M
Change in Payables	37.7M	31.4M	-2.6M	-16.2M	10.7M	121M	39.2M	-69.8M	119.5M	12.8M
Cash from Investing+	-61.9M	4.9M	-127.8M	-149.6M	-227.6M	-820.8M	-3.92B	464.7M	-1.68B	-137.2M
Capital Expenditures	-102M	-92M	-48.1M	-57.9M	-66.8M	-48.8M	-82M	-107.9M	-142.3M	-320.1M
CapEx % of Revenue	0.02%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	3.6M	-17.4M	400K	-400K	10.1M	0	-195.6M	0	0	0
Cash from Financing+	-93.6M	-146.8M	-137.2M	143.1M	-127M	166.2M	2.93B	-1.1B	1.18B	-510.3M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	2.6M	-2.8M	0	-1.7M	-2.3M	-4.7M	-26.2M	-400K	-1.2M	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	53.4M	50.5M	218.2M	-47.8M	283M	603.7M	1.08B	588.1M	170.7M	363M
FCF Margin %	0.01%	0.01%	0.03%	-0.01%	0.04%	0.08%	0.11%	0.04%	0.01%	0.02%
FCF Growth %	1.06%	-0.05%	3.32%	-1.22%	6.92%	1.13%	0.79%	-0.46%	-0.71%	1.13%
FCF per Share	2.02	2.23	10.39	-2.35	14.66	31.28	53.82	26.25	8.13	18.15
FCF Conversion (FCF/Net Income)	0.92x	0.85x	1.91x	0.06x	1.90x	2.56x	2.19x	0.70x	0.52x	1.56x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	44.56%	56.28%	41.28%	38.74%	32.94%	32.79%	35.25%	39.74%	19.6%	12.76%
Return on Invested Capital (ROIC)	11.2%	10.84%	10.4%	10.35%	9.85%	9.6%	12.16%	14.85%	9.51%	7.21%
Gross Margin	16.1%	16.22%	16.35%	16.05%	16.21%	17.15%	19.34%	20.09%	18.62%	17.15%
Net Margin	2.57%	2.56%	2.15%	2.44%	2.56%	3.57%	5.41%	6.46%	4.07%	2.5%
Debt / Equity	5.54x	6.40x	4.30x	4.14x	2.91x	2.61x	2.16x	1.27x	1.69x	1.51x
Interest Coverage	4.78x	3.94x	3.66x	3.61x	3.50x	4.98x	7.76x	7.92x	5.75x	3.11x
FCF Conversion	0.92x	0.85x	1.91x	0.06x	1.90x	2.56x	2.19x	0.70x	0.52x	1.56x
Revenue Growth	12.28%	-0.92%	-1.09%	6.47%	4.89%	-1.09%	37.94%	56.89%	-4.09%	16.12%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
New vehicle	-	-	-	4.93B	7.37B	-	8.85B
New vehicle Growth	-	-	-	-	49.28%	-	-
Used Vehicles	-	-	-	3.32B	5.2B	-	5.22B
Used Vehicles Growth	-	-	-	-	56.75%	-	-
Parts and services	-	-	889.8M	-	-	2.08B	1B
Parts and services Growth	-	-	-	-	-	-	-51.79%
Finance And Insurance, Net	-	-	-	-	-	-	766M
Finance And Insurance, Net Growth	-	-	-	-	-	-	-
New and used vehicle	5.76B	5.99B	5.94B	-	-	12.04B	-
New and used vehicle Growth	-	4.06%	-0.97%	-	-	-	-
Finance and insurance	292.3M	316M	305.1M	-	-	676.2M	-
Finance and insurance Growth	-	8.11%	-3.45%	-	-	-	-

Frequently Asked Questions

Valuation & Price

Asbury Automotive Group, Inc. (ABG) has a price-to-earnings (P/E) ratio of 11.6x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Asbury Automotive Group, Inc. (ABG) reported $17.83B in revenue for fiscal year 2024. This represents a 330% increase from $4.14B in 2011.

Asbury Automotive Group, Inc. (ABG) grew revenue by 16.1% over the past year. This is strong growth.

Yes, Asbury Automotive Group, Inc. (ABG) is profitable, generating $421.2M in net income for fiscal year 2024 (2.5% net margin).

Dividend & Returns

Asbury Automotive Group, Inc. (ABG) has a return on equity (ROE) of 12.8%. This is reasonable for most industries.

Asbury Automotive Group, Inc. (ABG) generated $688.5M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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