STANDARD MOTOR PRODS (SMP)
US8536661056 - Common Stock
Overall SMP gets a fundamental rating of 5 out of 10. We evaluated SMP against 43 industry peers in the Automobile Components industry. Both the profitability and the financial health of SMP get a neutral evaluation. Nothing too spectacular is happening here. SMP has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year SMP was profitable.
SMP had a positive operating cash flow in the past year.
Each year in the past 5 years SMP has been profitable.
Of the past 5 years SMP 4 years had a positive operating cash flow.
1.2 Ratios
With a decent Return On Assets value of 2.64%, SMP is doing good in the industry, outperforming 61.90% of the companies in the same industry.
SMP's Return On Equity of 5.37% is in line compared to the rest of the industry. SMP outperforms 59.52% of its industry peers.
With a decent Return On Invested Capital value of 7.32%, SMP is doing good in the industry, outperforming 61.90% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for SMP is in line with the industry average of 9.32%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.64% | ||
| ROE | 5.37% | ||
| ROIC | 7.32% |
ROA(3y)4.88%
ROA(5y)5.41%
ROE(3y)9.85%
ROE(5y)10.29%
ROIC(3y)9.86%
ROIC(5y)10.73%
1.3 Margins
SMP has a Profit Margin (2.51%) which is comparable to the rest of the industry.
In the last couple of years the Profit Margin of SMP has declined.
With a decent Operating Margin value of 7.02%, SMP is doing good in the industry, outperforming 61.90% of the companies in the same industry.
In the last couple of years the Operating Margin of SMP has declined.
SMP's Gross Margin of 28.63% is fine compared to the rest of the industry. SMP outperforms 78.57% of its industry peers.
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 | 7.02% | ||
| PM (TTM) | 2.51% | ||
| GM | 28.63% |
OM growth 3Y-10.91%
OM growth 5Y-2.23%
PM growth 3Y-20.93%
PM growth 5Y-8.58%
GM growth 3Y-1.37%
GM growth 5Y-0.01%
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 more shares outstanding than it did 1 year ago.
Compared to 5 years ago, SMP has less shares outstanding
The debt/assets ratio for SMP has been reduced compared to a year ago.
2.2 Solvency
SMP has an Altman-Z score of 2.97. 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.
Looking at the Altman-Z score, with a value of 2.97, SMP is in the better half of the industry, outperforming 71.43% of the companies in the same industry.
SMP has a debt to FCF ratio of 1.35. This is a very positive value and a sign of high solvency as it would only need 1.35 years to pay back of all of its debts.
The Debt to FCF ratio of SMP (1.35) is better than 92.86% of its industry peers.
SMP has a Debt/Equity ratio of 0.24. This is a healthy value indicating a solid balance between debt and equity.
SMP's Debt to Equity ratio of 0.24 is fine compared to the rest of the industry. SMP outperforms 76.19% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.24 | ||
| Debt/FCF | 1.35 | ||
| Altman-Z | 2.97 |
ROIC/WACC0.66
WACC11.05%
2.3 Liquidity
A Current Ratio of 2.45 indicates that SMP has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 2.45, SMP is in the better half of the industry, outperforming 69.05% of the companies in the same industry.
A Quick Ratio of 0.72 indicates that SMP may have some problems paying its short term obligations.
The Quick ratio of SMP (0.72) is worse than 85.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.45 | ||
| Quick Ratio | 0.72 |
3. Growth
3.1 Past
The earnings per share for SMP have decreased strongly by -18.38% in the last year.
The Earnings Per Share has been growing slightly by 2.82% on average over the past years.
SMP shows a decrease in Revenue. In the last year, the revenue decreased by -0.99%.
Measured over the past years, SMP shows a small growth in Revenue. The Revenue has been growing by 4.46% on average per year.
EPS 1Y (TTM)-18.38%
EPS 3Y-6.81%
EPS 5Y2.82%
EPS growth Q2Q-46.38%
Revenue 1Y (TTM)-0.99%
Revenue growth 3Y6.37%
Revenue growth 5Y4.46%
Revenue growth Q2Q-5.66%
3.2 Future
Based on estimates for the next years, SMP will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.00% on average per year.
Based on estimates for the next years, SMP will show a small growth in Revenue. The Revenue will grow by 1.70% on average per year.
EPS Next Y4.17%
EPS Next 2Y10%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year0.64%
Revenue Next 2Y1.7%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 11.17, the valuation of SMP can be described as very reasonable.
Compared to the rest of the industry, the Price/Earnings ratio of SMP indicates a rather cheap valuation: SMP is cheaper than 88.10% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 28.02, SMP is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 10.72, the valuation of SMP can be described as reasonable.
SMP's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. SMP is cheaper than 71.43% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of SMP to the average of the S&P500 Index (20.58), we can say SMP is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.17 | ||
| Fwd PE | 10.72 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of SMP indicates a somewhat cheap valuation: SMP is cheaper than 66.67% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, SMP is valued cheaper than 83.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.17 | ||
| EV/EBITDA | 6.69 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates SMP does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)2.68
PEG (5Y)3.96
EPS Next 2Y10%
EPS Next 3YN/A
5. Dividend
5.1 Amount
SMP has a Yearly Dividend Yield of 3.59%.
In the last 3 months the price of SMP has falen by -20.53%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
Compared to an average industry Dividend Yield of 2.71, SMP pays a better dividend. On top of this SMP pays more dividend than 92.86% of the companies listed in the same industry.
SMP's Dividend Yield is a higher than the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.59% |
5.2 History
The dividend of SMP is nicely growing with an annual growth rate of 6.56%!
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)6.56%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
73.72% of the earnings are spent on dividend by SMP. This is not a sustainable payout ratio.
The dividend of SMP is growing, but earnings are growing more, so the dividend growth is sustainable.
DP73.72%
EPS Next 2Y10%
EPS Next 3YN/A
STANDARD MOTOR PRODS
NYSE:SMP (5/7/2024, 12:58:15 PM)
32.715
+0.28 (+0.85%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap713.51M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.59% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
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EPS beat(4)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
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Revenue beat(2)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.17 | ||
| Fwd PE | 10.72 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)2.68
PEG (5Y)3.96
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.64% | ||
| ROE | 5.37% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 7.02% | ||
| PM (TTM) | 2.51% | ||
| GM | 28.63% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover1.05
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.24 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 2.45 | ||
| Quick Ratio | 0.72 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-18.38%
EPS 3Y-6.81%
EPS 5Y
EPS growth Q2Q
EPS Next Y4.17%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-0.99%
Revenue growth 3Y6.37%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y