DCHDauch Corp

Motor Vehicle Parts & Accessories

Revenue: $5.8B; 4.7% YoY
Operating margin: 1.9%; 51% YoY
EBITDA: $572M; 20% YoY
Market cap: $1.1B
Employees: 18,000; $324K revenue each
Net debt / EBITDA: 7.4×; $4.2B net debt
AI in 10-K: 1.6; mentions per 10K words

Takeover score 1 of 13

Fixable underperformance 0 of 7

TSR below peersNo
—
3+ of last 5 years
High CEO pay despite TSRNo
—
Median CEO pay ≥ $15M while TSR trails
Earnings not backed by cashNo
—
Cash flow under 80% of net income
Dilutive SBCNo
0% of revenue
Over 10% of revenue
Payouts exceed cash flowNo
1% of cash flow
Buybacks + dividends over cash flow
Goodwill-heavyNo
6% of assets
Over 40% of assets
Shareholder dissentNo
—
Any vote under 80% support

Buyer economics 1 of 4

Low revenue per employeeNo
$324K · 37th pct
Bottom quartile of its SIC industry
Quiet on AINo
1.6 per 10K words · 49th pct
Bottom quartile of AI mentions in 10-Ks
Net cashNo
7.4× EBITDA net debt
More cash than debt, positive EBITDA
Buyout-sizedYes
$1.1B market cap
Market cap $500M–$5B

Catalysts 0 of 2

Active 13DNo
0 filings
Active-intent 13D in 18 months
Net insider sellingNo
$182K net
Net sales over $10M in 12 months

Financials

Metric	FY2021	FY2022	FY2023	FY2024	FY2025	YoY	Trend
Revenue	$5.2B	$5.8B	$6.1B	$6.1B	$5.8B	4.7%
Operating income	$241M	$244M	$147M	$241M	$112M	53%
Net income	$6M	$64M	−$34M	$35M	−$20M	156%
Operating cash flow	$538M	$449M	$396M	$455M	$412M	9.6%
Capex	$181M	$171M	$195M	$248M	$257M	3.4%
Stock-based comp	$18M	$18M	$13M	$15M	$14M	9.3%
Buybacks	$4M	$2M	$15M	$3M	$3M	0.0%

Deal filings

Filed	Form	Acquirer	Price	Premium
Jun 2, 2025	DEFM14A	American Axle & Manufacturing Holdings, Inc.	$62.31	25%
May 15, 2025	PREM14A	American Axle & Manufacturing Holdings, Inc.	$63.65	25%

13D filers

None on file.

Insider trading

Open-market buys, 12 mo: $182K · 1
Open-market sells, 12 mo: $0 · 0
Net: $182K

Pay vs performance

No pay-versus-performance disclosure yet.