A Business at a Glance
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Driven Brands Holdings Inc.
DRVN
$2.1B
Mkt Cap
$13.61
-0.51%
Driven Brands Holdings Inc. (DRVN) has a 5-year average return on invested capital (ROIC) of -3.7%. This is below average and may indicate limited pricing power.
Driven Brands Holdings Inc. (DRVN) has a market capitalization of $2.2B. It is classified as a mid-cap stock.
Driven Brands Holdings Inc. (DRVN) does not currently pay a regular dividend.
Driven Brands Holdings Inc. (DRVN) operates in the Services-Automotive Repair, Services & Parking industry, within the Consumer Cyclical sector.
Driven Brands Holdings Inc. (DRVN) reported annual revenue of $2.3 billion in its most recent fiscal year, based on SEC EDGAR filings.
Driven Brands Holdings Inc. (DRVN) has a net profit margin of -12.3%. The company is currently unprofitable.
Driven Brands Holdings Inc. (DRVN) generated $-47 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Driven Brands Holdings Inc. is a Delaware corporation. As used herein, “Driven Brands,” the “Company,” “us”, “we,” “our,” and similar terms include Driven Brands Holdings Inc. and its consolidated subsidiaries, unless the context dictates otherwise. Driven Brands is the largest automotive services company in North America with a growing and highly-franchised base of approximately 5,200 locations across 49 U.S. states and 13 other countries. Our scaled, diversified platform provides high-quality services to an extensive range of retail and commercial customers. Our breadth of services covers a wide variety of automotive needs, including paint, collision, glass, and repair services, as well as a variety of high-frequency services, such as oil changes and car washes. Our portfolio of brands continues to generate consistent recurring revenue with strong operating margins. Our network generated approximately $2.3 billion in net revenue from approximately $6.
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | % of Total |
|---|---|---|---|---|---|---|
Company-operated store sales | $489M | $844M | $1.32B | $1.53B | $1.54B | 46% |
Operating Segments | $366M | $504M | $693M | $809M | $921M | 27% |
Supply and other revenue | — | $199M | $254M | $292M | $292M | 9% |
Independently-operated store sales | $67M | $204M | $195M | $196M | $212M | 6% |
Franchise royalties and fees | — | $144M | $172M | $190M | $189M | 6% |
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 2.2B | 2.3B | 2.3B | 2.0B | 1.5B | 904M |
| Net Income | -217M | -287M | -729M | 42M | 9.4M | -4.2M |
| EPS | $-1.33 | $-1.82 | $-4.53 | $0.25 | $0.06 | $-0.04 |
| Free Cash Flow | 31M | -47M | -361M | -239M | 123M | 32M |
| ROIC | -4.2% | -8.1% | -17.8% | 2.5% | 2.5% | 2.5% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 2.94 | 6.80 | 5.22 | 2.68 | 2.37 | 3.07 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -157M | -140M | -687M | 200M | 177M | 95M |
| Operating Margin | -7.3% | -6.0% | -29.8% | 9.8% | 12.1% | 10.5% |
| ROE | -27.3% | -37.9% | -57.0% | 2.6% | 0.7% | -0.6% |
| Shares Outstanding | 164M | 158M | 161M | 169M | 157M | 105M |
| Metric | |||||||
|---|---|---|---|---|---|---|---|
| Income Statement | |||||||
| Revenue | 600M | 904M | 1.5B | 2.0B | 2.3B | 2.3B | 2.2B |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 142M | 218M | 292M | 402M | 462M | 555M | 639M |
| EBIT | 70M | 95M | 177M | 200M | -687M | -140M | -157M |
| Op. Margin | 11.7% | 10.5% | 12.1% | 9.8% | -29.8% | -6.0% | -7.3% |
| Net Income | 7.7M | -4.2M | 9.4M | 42M | -729M | -287M | -217M |
| Net Margin | 1.3% | -0.5% | 0.6% | 2.1% | -31.7% | -12.3% | -10.0% |
| Non-Recurring | -368K | 8.7M | 11M | 35M | 846M | -36M | -36M |
| Returns on Capital | |||||||
| ROIC | 13.2% | 2.5% | 2.5% | 2.5% | -17.8% | -8.1% | -4.2% |
| ROE | 2.1% | -0.6% | 0.7% | 2.6% | -57.0% | -37.9% | -27.3% |
| ROA | N/A | -0.1% | 0.2% | 0.7% | -11.8% | -5.1% | -5.2% |
| Cash Flow | |||||||
| Op. Cash Flow | 41M | 84M | 284M | 197M | 235M | 241M | 268M |
| Free Cash Flow | 13M | 32M | 123M | -239M | -361M | -47M | 31M |
| Owner Earnings | 16M | 21M | 167M | 29M | 45M | 13M | 109M |
| CapEx | 28M | 52M | 161M | 436M | 596M | 289M | 237M |
| Maint. CapEx | 24M | 62M | 113M | 147M | 175M | 180M | 154M |
| Growth CapEx | 4.0M | 0 | 48M | 289M | 421M | 108M | 83M |
| D&A | 24M | 62M | 113M | 147M | 175M | 180M | 154M |
| CapEx/OCF | N/A | N/A | 56.6% | 221.2% | 253.6% | 119.5% | 88.4% |
| Capital Allocation | |||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 43M | 0 | 50M | 0 | 0 |
| Buyback Yield | 0.0% | N/A | 0.8% | N/A | 2.1% | N/A | 0.0% |
| Stock-Based Comp | 1.2M | 1.3M | 4.3M | 21M | 15M | 48M | 4.5M |
| Debt Repayment | 11M | 448M | 722M | 24M | 28M | 465M | 465M |
| Balance Sheet | |||||||
| Net Debt | N/A | 3.2B | 3.4B | 4.2B | 4.6B | 4.0B | 2.2B |
| Cash & Equiv. | 35M | 173M | 523M | 227M | 177M | 170M | 162M |
| Long-Term Debt | N/A | 2.1B | 2.4B | 2.7B | 2.9B | 2.7B | 1.9B |
| Debt/Equity | N/A | 3.07 | 2.37 | 2.68 | 5.22 | 6.80 | 2.94 |
| Interest Coverage | 1.2 | 1.0 | 2.3 | 1.7 | -4.2 | -0.9 | -0.9 |
| Equity | 290M | 1.1B | 1.6B | 1.7B | 906M | 607M | 793M |
| Total Assets | N/A | 4.7B | 5.9B | 6.5B | 5.9B | 5.3B | 4.2B |
| Total Liabilities | N/A | 3.5B | 4.2B | 4.8B | 5.0B | 4.7B | 3.4B |
| Intangibles | N/A | 829M | 816M | 766M | 739M | 666M | 656M |
| Retained Earnings | N/A | 32M | 42M | 85M | -710M | -1.0B | -889M |
| Working Capital | N/A | 68M | 291M | 66M | 394M | 224M | -63M |
| Current Assets | N/A | 374M | 769M | 571M | 821M | 657M | 585M |
| Current Liabilities | N/A | 305M | 478M | 505M | 427M | 434M | 648M |
| Per Share Data | |||||||
| EPS | 0.09 | -0.04 | 0.06 | 0.25 | -4.53 | -1.82 | -1.33 |
| Owner EPS | 0.19 | 0.20 | 1.06 | 0.17 | 0.28 | 0.08 | 0.66 |
| Book Value | 3.37 | 10.52 | 10.47 | 9.78 | 5.63 | 3.85 | 4.82 |
| Cash Flow/Share | 0.48 | 0.80 | 1.81 | 1.17 | 1.46 | 1.53 | -0.38 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 85.9M | 105.0M | 157.1M | 169.1M | 161.0M | 157.8M | 164.5M |
| Valuation | |||||||
| P/E Ratio | N/A | N/A | 550.3 | 106.2 | N/A | N/A | -10.3 |
| P/FCF | N/A | N/A | 42.1 | N/A | N/A | N/A | 72.0 |
| EV/EBIT | N/A | N/A | 40.4 | 35.6 | N/A | N/A | N/A |
| Price/Book | N/A | N/A | 3.2 | 2.8 | 2.6 | 4.3 | 2.8 |
| Price/Sales | N/A | N/A | 3.2 | 2.5 | 1.6 | 1.0 | 1.0 |
| FCF Yield | N/A | N/A | 2.3% | -5.2% | -15.2% | -1.8% | 1.4% |
| Market Cap | 0 | N/A | 5.3B | 4.6B | 2.4B | 2.6B | 2.2B |
| Avg. Price | 0.00 | N/A | 29.39 | 29.33 | 21.77 | 13.96 | 13.61 |
| Year-End Price | 0.00 | N/A | 33.02 | 26.55 | 14.41 | 16.22 | 13.61 |
Driven Brands Holdings Inc. passes 0 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 72.0x vs a median of 42.1x. At current prices, the estimated annualized return to fair value is -21.9%.
Driven Brands Holdings Inc. (DRVN) has a debt-to-equity ratio of 6.80. This indicates higher leverage, which may increase financial risk.
Driven Brands Holdings Inc. (DRVN) reported earnings per share (EPS) of $-1.82 in its most recent fiscal year.
Driven Brands Holdings Inc. (DRVN) has a return on equity (ROE) of -37.9%. A negative ROE may indicate losses or negative equity.
The Ledger Terminal provides 6 years of financial data for Driven Brands Holdings Inc. (DRVN), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Driven Brands Holdings Inc. (DRVN) has a book value per share of $3.85, based on its most recent annual SEC filing.