XPEL Stock

[mfarrzhp]

XPEL stock is down almost 20% since their latest earnings call. The results were definitely not great, but I feel like the drop in price now brings it to a reasonable P/E of around 20x.

How many of you currently have XPEL PPF, and would you get it on your next car? My F87 is the first car I had it installed, and the only car of my 4 that has it. I know the car market is slowing in general, but I think the mid to high level segment is still pretty strong, where owners are more likely to get PPF.

I know the next car I get that is >$60K or so will get PPF. The protection is really good IMO and washing the car is a breeze.

Do you think XPEL will continue to grow, and would you be a buyer of XPEL at roughly a $1B market cap?

[dgoldenz]

I don’t keep my cars long enough to make paying for PPF worth it. It’s nice when someone else has already paid for it. I know nothing about their financials so can’t say whether I’think it’s a good buy. Investing is easier if you just buy SP 500 fund and bitcoin/eth.

[Burrcold]

I'm surprised and not surprised by the drop in Xpel stock prices. Xpel is starting to be synonymous with PPF like 3M "Scotch" is with tape. I have started noticing that many of my local detail/ppf shops are starting to move away from Xpel and go with Stek and SunTek, or they are procuring their own in-house branded brands (higher end shops). The cost of Xpel to vendors has gone up by almost 40% in the past 24 months as well...even more of a reason for shops to look elsewhere to keep their own costs within market.

[mfarrzhp]

Originally Posted by dgoldenz

I don’t keep my cars long enough to make paying for PPF worth it. It’s nice when someone else has already paid for it. I know nothing about their financials so can’t say whether I’think it’s a good buy. Investing is easier if you just buy SP 500 fund and bitcoin/eth.

Yeah, the majority of my investments are S&P 500 and Nasdaq ETFs, but I like to allocate 1-3% in certain stocks, especially if I feel like I know something beyond the financials of the company that most people don’t. I hadn’t heard of PPF 6-7 years ago, and now it seems like at least half of the F87 CS forum has it on their cars.

I know Porsches and Ferrari owners have been doing it for a while, and for some reason Tesla owners are big on PPF as well.

I won’t retire if XPEL stock doubles, but it would pay for the PPF on my car. I shop at Costco because it’s a great experience, but also because I own a position in the stock it makes me feel like I’m spending the money I gained on the investment. It’s a weird rationalization I do in my mind.

I’m a PPF believer, it’s saved me a couple times, just not sure if XPEL will remain the name brand leader in the space.

[N1rve]

The PPF market is very competitive. There's LLumar/Suntek (Both are owned by Eastman), 3M (The OG), Stek, Kavaca, etc. XPEL hasn't really released anything ground breaking and is just releasing the same thing everyone else. Thicker PPF and built in Ceramic Coating are the two newest things in the PPF Market.

To be honest I'm a bit shocked they're a publicly traded company LOL.

I do have XPEL Black on my roof and LLumar Platinum the rest of my car and I am pro PPF. This is like my first PPF experience with my BMW M4 and I don't regret it. On my old cars, rocks/sand would cause pitting in my bumper and on my 2nd car there was debris kicked up from another car and scratched the front fender, drive door, and driver mirror. That was about a $1600 repair since it needed to repaint the fender, mirror, and driver door, and blended with the hood and quarter panel above the driver door. If I had PPF, I probably wouldn't need a respray. Insurance did cover it after my deductible though, but it was just a hassle and since my car was pearl white, it didn't quite match up in certain angles or lighting after the respray.

Would I buy XPEL in the future? Only if that's what the shop offered and I trusted the shop but I would not go out of my way just to buy XPEL. Since I have LLumar on my car and I've liked it and since it's been taking a 5+ year beating as being a daily driver and being parked outside, I am not buying into any hype that one PPF is better than another. LLumar isn't a big name in PPF like XPEL or 3M or Stek so if one shop is charging me more just for a brand name, I am not going there lol.

All of the warranty is similar except 3M/Scotchguard. 3M/Scotchguard used to offer repairing your vehicle if something broke through the PPF and damaged the paint underneath. Everything else is like 10 Year against cracking, yellowing, and bubbling -- similar to Tint but tint is lifetime. There are some films warranting for 12 years now too.

I think Nvidia is a safe choice to buy if we're talking about investing or anything in the AI market. I've made the most money with Nvidia though lol.

[FC4]

Hard pass. You couldn't pay me to cover my cars with PPF.

[Burrcold]

Originally Posted by FC4

Hard pass. You couldn't pay me to cover my cars with PPF.

Why?

[x622]

Originally Posted by Burrcold

I'm surprised and not surprised by the drop in Xpel stock prices. Xpel is starting to be synonymous with PPF like 3M "Scotch" is with tape. I have started noticing that many of my local detail/ppf shops are starting to move away from Xpel and go with Stek and SunTek, or they are procuring their own in-house branded brands (higher end shops). The cost of Xpel to vendors has gone up by almost 40% in the past 24 months as well...even more of a reason for shops to look elsewhere to keep their own costs within market.

That's what we have in our shop because XPEL won't even sell to you unless they want to expand in the region. Since I'm right next to an XPEL shop and there are many established and matured businesses in the region, guess what they said to us?

Nvidia is overbought, expect the AI bubble to burst soon. Too many idiots getting into the space having no idea what they're doing and they think throwing money into h/b100s makes them print money. It will have the same trickle down effect on datacenters - many gigs being built right now not since the likes or 04 or 97, but expect a dump in any DC stocks in the next 6-12 months.

[FC4]

Originally Posted by Burrcold

Why?

It looks like shit. A perfect PPF job does not exist regardless of how hard people try to convince themselves. I simply have not seen a PPF job I would deem acceptable for my car, and I've seen em all. Having a permanent eyesore at every edge, corner, PDC cutout, etc. just to protect against a potential nick sometime in the future makes no sense to me.

I've never had a need. I've driven 12-15K miles a year for the past 25 years and I have a handful of cars at any given time. I can't think of a single incident which made me wish I had PPF. Not once. Maybe I'm just lucky.

Completely disassembling a brand new car to wrap it in plastic also sounds pretty silly to me. I'd be uneasy letting a dealership take apart and reassemble a car, let alone some wrap shop. That's just a headache I'd never wanna deal with.

Depending on the car, PPF will also damn near total it. Ever wonder why there is a bifurcation in the F40 market and why you see so many of them wrapped and painted different colors? PPF and Ferraris don't get along.

[Burrcold]

Originally Posted by FC4

It looks like shit. A perfect PPF job does not exist regardless of how hard people try to convince themselves. I simply have not seen a PPF job I would deem acceptable for my car, and I've seen em all. Having a permanent eyesore at every edge, corner, PDC cutout, etc. just to protect against a potential nick sometime in the future makes no sense to me.

I've never had a need. I've driven 12-15K miles a year for the past 25 years and I have a handful of cars at any given time. I can't think of a single incident which made me wish I had PPF. Not once. Maybe I'm just lucky.

Completely disassembling a brand new car to wrap it in plastic also sounds pretty silly to me. I'd be uneasy letting a dealership take apart and reassemble a car, let alone some wrap shop. That's just a headache I'd never wanna deal with.

Depending on the car, PPF will also damn near total it. Ever wonder why there is a bifurcation in the F40 market and why you see so many of them wrapped and painted different colors? PPF and Ferraris don't get along.

Mine is perfect. Deal with it lol

[Quadruple VANOS]

Originally Posted by Burrcold

Mine is perfect.

Glad you think so. Really.

[BlkGS]

Expel at 1B market cap is absurd. They're in a HUGELY competitive space, with a lot of competitors that are lower cost and equal or higher quality.

It's also an interesting thing with the price of cars. As the prices go up, people are already pushed on their budgets. But at the same time they want to protect their larger expenditures. So I think the PPF market will grow some, but less so on the expensive brands.

That said, I think the whole PPF market is about to get wrecked. Ford is already offering a wrapped special edition f150 lightning. It's wholly absurd to think that the OEMs won't be offering PPF films at the factory soon, at prices that massively undercut the aftermarket guys.

[heavyD^2]

Originally Posted by FC4

It looks like shit. A perfect PPF job does not exist regardless of how hard people try to convince themselves. I simply have not seen a PPF job I would deem acceptable for my car, and I've seen em all. Having a permanent eyesore at every edge, corner, PDC cutout, etc. just to protect against a potential nick sometime in the future makes no sense to me.

I've never had a need. I've driven 12-15K miles a year for the past 25 years and I have a handful of cars at any given time. I can't think of a single incident which made me wish I had PPF. Not once. Maybe I'm just lucky.

Completely disassembling a brand new car to wrap it in plastic also sounds pretty silly to me. I'd be uneasy letting a dealership take apart and reassemble a car, let alone some wrap shop. That's just a headache I'd never wanna deal with.

Depending on the car, PPF will also damn near total it. Ever wonder why there is a bifurcation in the F40 market and why you see so many of them wrapped and painted different colors? PPF and Ferraris don't get along.

Perfect factory paint jobs are pretty rare even on expensive cars so I'm not clear on why you would set higher standards for PPF. PPF is far more common in Canada here due to our winters requiring road gravel and sanding and plenty of shops here will do amazing work just as there are some not so good just like with autobody shops. Sure there's going to be seams at edges and maybe a spec of dust here and there trapped under but I'm extremely anal and have never thought PPF was an eyesore on any of my vehicles and quite frankly if you think it looks like shit then you simply haven't seen good work.

[mfarrzhp]

Originally Posted by BlkGS

Expel at 1B market cap is absurd. They're in a HUGELY competitive space, with a lot of competitors that are lower cost and equal or higher quality.

It's also an interesting thing with the price of cars. As the prices go up, people are already pushed on their budgets. But at the same time they want to protect their larger expenditures. So I think the PPF market will grow some, but less so on the expensive brands.

That said, I think the whole PPF market is about to get wrecked. Ford is already offering a wrapped special edition f150 lightning. It's wholly absurd to think that the OEMs won't be offering PPF films at the factory soon, at prices that massively undercut the aftermarket guys.

I agree that OEMs will possibly offer PPF from factory. In fact, XPEL already has an exclusive agreement with Rivian for OEM PPF. XPEL does more than just automotive applications as well.

I didn’t invest a lot, but I think the market will continue to grow on the high end side, where a high end car has options like colored seat belts that cost several thousand.

[MmmmmM2]

Originally Posted by Burrcold

Mine is perfect. Deal with it lol

Same with mine.

[murderspice]

Reminds me of when everyone started putting every comic book into sleeves.

[mfarrzhp]

Originally Posted by MmmmmM2

Same with mine.

Mine isn’t perfect, but it’s really good. It was my first PPF and I didn’t do as much research on install as I should have.

I’d still do it all over again. Only 1 person has ever noticed the PPF without me pointing it out. The protection did save my paint in a major way once already and dozens of minor rock chips. It’s way easier to clean and no worries about swirl marks.

[BlkGS]

Originally Posted by mfarrzhp

I agree that OEMs will possibly offer PPF from factory. In fact, XPEL already has an exclusive agreement with Rivian for OEM PPF. XPEL does more than just automotive applications as well.

I didn’t invest a lot, but I think the market will continue to grow on the high end side, where a high end car has options like colored seat belts that cost several thousand.

If they've teamed up with Rivian, dump them. Rivian is a joke that'll be liquidated in a 1.5-2 years, lol.

[eliphil]

I wouldn’t invest in xpel stock I don’t believe they do anything better then their competition and don’t have a big enough customer base for big time growth. I’ve used their products with mixed results

[mfarrzhp]

Sentiment seems overwhelmingly negative on this one. I also read executive management has been selling. I sold my position, but made 13% in a few weeks. I’ll take it.

[mfarrzhp]

Originally Posted by mfarrzhp

Sentiment seems overwhelmingly negative on this one. I also read executive management has been selling. I sold my position, but made 13% in a few weeks. I’ll take it.

Dammit. I should have kept this to myself. XPEL up 47% today after great earnings.