STANDARD MOTOR PRODS (SMP) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:SMP - US8536661056 - Common Stock
38.25 USD
+0.79 (+2.11%)
38.25 USD
0 (0%)
Overall SMP gets a fundamental rating of 4 out of 10. We evaluated SMP against 82 industry peers in the Automobile Components industry. Both the profitability and financial health of SMP have multiple concerns. SMP is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one!
1. Profitability
1.1 Basic Checks
SMP had positive earnings in the past year.
SMP had a positive operating cash flow in the past year.
Each year in the past 5 years SMP has been profitable.
SMP had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 1.54%, SMP is doing worse than 69.51% of the companies in the same industry.
The Return On Equity of SMP (4.62%) is worse than 64.63% of its industry peers.
SMP's Return On Invested Capital of 6.33% is on the low side compared to the rest of the industry. SMP is outperformed by 69.51% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for SMP is in line with the industry average of 8.52%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.54% | ||
| ROE | 4.62% | ||
| ROIC | 6.33% |
ROA(3y)2.86%
ROA(5y)4.43%
ROE(3y)6.31%
ROE(5y)8.89%
ROIC(3y)7.06%
ROIC(5y)9.5%
1.3 Margins
With a Profit Margin value of 1.79%, SMP is not doing good in the industry: 65.85% of the companies in the same industry are doing better.
In the last couple of years the Profit Margin of SMP has declined.
SMP has a Operating Margin of 7.05%. This is in the lower half of the industry: SMP underperforms 62.20% of its industry peers.
SMP's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 30.78%, SMP belongs to the top of the industry, outperforming 87.80% of the companies in the same industry.
In the last couple of years the Gross Margin of SMP has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.05% | ||
| PM (TTM) | 1.79% | ||
| GM | 30.78% |
OM growth 3Y-12.92%
OM growth 5Y-5.07%
PM growth 3Y-35.49%
PM growth 5Y-18.07%
GM growth 3Y-0.12%
GM growth 5Y-0.17%
2. Health
2.1 Basic Checks
SMP has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
SMP has less shares outstanding than it did 1 year ago.
SMP has less shares outstanding than it did 5 years ago.
SMP has a worse debt/assets ratio than last year.
2.2 Solvency
SMP has an Altman-Z score of 2.15. This is not the best score and indicates that SMP is in the grey zone with still only limited risk for bankruptcy at the moment.
The Altman-Z score of SMP (2.15) is worse than 70.73% of its industry peers.
SMP has a debt to FCF ratio of 13.11. This is a negative value and a sign of low solvency as SMP would need 13.11 years to pay back of all of its debts.
SMP has a Debt to FCF ratio of 13.11. This is in the lower half of the industry: SMP underperforms 70.73% of its industry peers.
A Debt/Equity ratio of 0.80 indicates that SMP is somewhat dependend on debt financing.
SMP has a worse Debt to Equity ratio (0.80) than 81.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.8 | ||
| Debt/FCF | 13.11 | ||
| Altman-Z | 2.15 |
ROIC/WACC0.79
WACC8.01%
2.3 Liquidity
SMP has a Current Ratio of 1.96. This is a normal value and indicates that SMP is financially healthy and should not expect problems in meeting its short term obligations.
SMP has a better Current ratio (1.96) than 73.17% of its industry peers.
SMP has a Quick Ratio of 1.96. This is a bad value and indicates that SMP is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of SMP (0.73) is worse than 86.59% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.96 | ||
| Quick Ratio | 0.73 |
3. Growth
3.1 Past
SMP shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 27.60%, which is quite impressive.
SMP shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 0.51% yearly.
The Revenue has grown by 23.96% in the past year. This is a very strong growth!
SMP shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.17% yearly.
EPS 1Y (TTM)27.6%
EPS 3Y-10.6%
EPS 5Y0.51%
EPS Q2Q%6.25%
Revenue 1Y (TTM)23.96%
Revenue growth 3Y4.07%
Revenue growth 5Y5.17%
Sales Q2Q%24.94%
3.2 Future
SMP is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 17.49% yearly.
Based on estimates for the next years, SMP will show a quite strong growth in Revenue. The Revenue will grow by 13.69% on average per year.
EPS Next Y23.61%
EPS Next 2Y17.49%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year27.41%
Revenue Next 2Y15.14%
Revenue Next 3Y13.69%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 9.73, the valuation of SMP can be described as reasonable.
Compared to the rest of the industry, the Price/Earnings ratio of SMP indicates a somewhat cheap valuation: SMP is cheaper than 76.83% of the companies listed in the same industry.
SMP's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 25.98.
SMP is valuated reasonably with a Price/Forward Earnings ratio of 8.71.
SMP's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. SMP is cheaper than 71.95% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 35.79, SMP is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.73 | ||
| Fwd PE | 8.71 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as SMP.
SMP's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.71 | ||
| EV/EBITDA | 8.03 |
4.3 Compensation for Growth
SMP's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as SMP's earnings are expected to grow with 17.49% in the coming years.
PEG (NY)0.41
PEG (5Y)19.05
EPS Next 2Y17.49%
EPS Next 3YN/A
5. Dividend
5.1 Amount
SMP has a Yearly Dividend Yield of 3.44%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 4.49, SMP has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.41, SMP pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.44% |
5.2 History
The dividend of SMP has a limited annual growth rate of 4.76%.
SMP has been paying a dividend for at least 10 years, so it has a reliable track record.
SMP has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)4.76%
Div Incr Years0
Div Non Decr Years4
5.3 Sustainability
85.51% of the earnings are spent on dividend by SMP. This is not a sustainable payout ratio.
SMP's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP85.51%
EPS Next 2Y17.49%
EPS Next 3YN/A
38.25
+0.79 (+2.11%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)
Earnings (Next)
Inst Owners82.86%
Inst Owner Change-0.41%
Ins Owners5.07%
Ins Owner Change1.32%
Market Cap841.12M
Revenue(TTM)1.75B
Net Income(TTM)31.28M
Analysts82.86
Price Target47.94 (25.33%)
Short Float %2.25%
Short Ratio3.41
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.44% |
Yearly Dividend1.16
Dividend Growth(5Y)4.76%
DP85.51%
Div Incr Years0
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)18.8%
Min EPS beat(2)3.16%
Max EPS beat(2)34.45%
EPS beat(4)4
Avg EPS beat(4)31.51%
Min EPS beat(4)3.16%
Max EPS beat(4)82.06%
EPS beat(8)7
Avg EPS beat(8)17.95%
EPS beat(12)10
Avg EPS beat(12)14.14%
EPS beat(16)13
Avg EPS beat(16)13.55%
Revenue beat(2)1
Avg Revenue beat(2)3.37%
Min Revenue beat(2)-1.87%
Max Revenue beat(2)8.61%
Revenue beat(4)3
Avg Revenue beat(4)5.88%
Min Revenue beat(4)-1.87%
Max Revenue beat(4)13%
Revenue beat(8)5
Avg Revenue beat(8)2.8%
Revenue beat(12)5
Avg Revenue beat(12)0.73%
Revenue beat(16)7
Avg Revenue beat(16)1.37%
PT rev (1m)1.44%
PT rev (3m)1.44%
EPS NQ rev (1m)-17.27%
EPS NQ rev (3m)-15.47%
EPS NY rev (1m)0.79%
EPS NY rev (3m)0.79%
Revenue NQ rev (1m)-1.79%
Revenue NQ rev (3m)-0.86%
Revenue NY rev (1m)0.16%
Revenue NY rev (3m)0.16%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.73 | ||
| Fwd PE | 8.71 | ||
| P/S | 0.48 | ||
| P/FCF | 18.71 | ||
| P/OCF | 9.99 | ||
| P/B | 1.24 | ||
| P/tB | 7.93 | ||
| EV/EBITDA | 8.03 |
EPS(TTM)3.93
EY10.27%
EPS(NY)4.39
Fwd EY11.48%
FCF(TTM)2.04
FCFY5.35%
OCF(TTM)3.83
OCFY10.01%
SpS79.56
BVpS30.81
TBVpS4.82
PEG (NY)0.41
PEG (5Y)19.05
Graham Number52.19
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.54% | ||
| ROE | 4.62% | ||
| ROCE | 8.37% | ||
| ROIC | 6.33% | ||
| ROICexc | 6.73% | ||
| ROICexgc | 11.45% | ||
| OM | 7.05% | ||
| PM (TTM) | 1.79% | ||
| GM | 30.78% | ||
| FCFM | 2.57% |
ROA(3y)2.86%
ROA(5y)4.43%
ROE(3y)6.31%
ROE(5y)8.89%
ROIC(3y)7.06%
ROIC(5y)9.5%
ROICexc(3y)7.27%
ROICexc(5y)9.88%
ROICexgc(3y)10.31%
ROICexgc(5y)13.94%
ROCE(3y)9.34%
ROCE(5y)12.61%
ROICexgc growth 3Y-25.45%
ROICexgc growth 5Y-8.81%
ROICexc growth 3Y-27.66%
ROICexc growth 5Y-13.65%
OM growth 3Y-12.92%
OM growth 5Y-5.07%
PM growth 3Y-35.49%
PM growth 5Y-18.07%
GM growth 3Y-0.12%
GM growth 5Y-0.17%
F-Score5
Asset Turnover0.86
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.8 | ||
| Debt/FCF | 13.11 | ||
| Debt/EBITDA | 3.26 | ||
| Cap/Depr | 93.82% | ||
| Cap/Sales | 2.24% | ||
| Interest Coverage | 4.01 | ||
| Cash Conversion | 50.97% | ||
| Profit Quality | 143.75% | ||
| Current Ratio | 1.96 | ||
| Quick Ratio | 0.73 | ||
| Altman-Z | 2.15 |
F-Score5
WACC8.01%
ROIC/WACC0.79
Cap/Depr(3y)110.17%
Cap/Depr(5y)98.63%
Cap/Sales(3y)2.34%
Cap/Sales(5y)2.12%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)27.6%
EPS 3Y-10.6%
EPS 5Y0.51%
EPS Q2Q%6.25%
EPS Next Y23.61%
EPS Next 2Y17.49%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)23.96%
Revenue growth 3Y4.07%
Revenue growth 5Y5.17%
Sales Q2Q%24.94%
Revenue Next Year27.41%
Revenue Next 2Y15.14%
Revenue Next 3Y13.69%
Revenue Next 5YN/A
EBIT growth 1Y31.6%
EBIT growth 3Y-9.38%
EBIT growth 5Y-0.17%
EBIT Next Year104.89%
EBIT Next 3Y15.75%
EBIT Next 5YN/A
FCF growth 1Y-71.25%
FCF growth 3Y-18.2%
FCF growth 5Y-11.65%
OCF growth 1Y-53.47%
OCF growth 3Y-3.58%
OCF growth 5Y-0.05%
STANDARD MOTOR PRODS / SMP FAQ
What is the ChartMill fundamental rating of STANDARD MOTOR PRODS (SMP) stock?
ChartMill assigns a fundamental rating of 4 / 10 to SMP.
What is the valuation status for SMP stock?
ChartMill assigns a valuation rating of 6 / 10 to STANDARD MOTOR PRODS (SMP). This can be considered as Fairly Valued.
What is the profitability of SMP stock?
STANDARD MOTOR PRODS (SMP) has a profitability rating of 3 / 10.
Can you provide the financial health for SMP stock?
The financial health rating of STANDARD MOTOR PRODS (SMP) is 3 / 10.
Is the dividend of STANDARD MOTOR PRODS sustainable?
The dividend rating of STANDARD MOTOR PRODS (SMP) is 5 / 10 and the dividend payout ratio is 85.51%.