STANDARD MOTOR PRODS (SMP) Stock Fundamental Analysis
NYSE:SMP - US8536661056 - Common Stock
38.81 USD
-0.09 (-0.23%)
38.81 USD
0 (0%)
Taking everything into account, SMP scores 4 out of 10 in our fundamental rating. SMP was compared to 80 industry peers in the Automobile Components industry. SMP has a bad profitability rating. Also its financial health evaluation is rather negative. SMP has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year SMP was profitable.
In the past year SMP had a positive cash flow from operations.
SMP had positive earnings in each of the past 5 years.
SMP had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
The Return On Assets of SMP (1.96%) is worse than 67.50% of its industry peers.
Looking at the Return On Equity, with a value of 5.72%, SMP is doing worse than 67.50% of the companies in the same industry.
SMP's Return On Invested Capital of 5.75% is on the low side compared to the rest of the industry. SMP is outperformed by 71.25% of its industry peers.
The Average Return On Invested Capital over the past 3 years for SMP is in line with the industry average of 8.49%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.96% | ||
| ROE | 5.72% | ||
| ROIC | 5.75% |
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
SMP's Profit Margin of 2.39% is on the low side compared to the rest of the industry. SMP is outperformed by 66.25% of its industry peers.
SMP's Profit Margin has declined in the last couple of years.
SMP's Operating Margin of 6.98% is on the low side compared to the rest of the industry. SMP is outperformed by 65.00% of its industry peers.
SMP's Operating Margin has declined in the last couple of years.
SMP has a Gross Margin of 30.18%. This is amongst the best in the industry. SMP outperforms 87.50% of its industry peers.
SMP's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.98% | ||
| PM (TTM) | 2.39% | ||
| GM | 30.18% |
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), SMP is destroying value.
SMP has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, SMP has less shares outstanding
Compared to 1 year ago, SMP has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.16 indicates that SMP is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of SMP (2.16) is worse than 72.50% of its industry peers.
SMP has a debt to FCF ratio of 15.70. This is a negative value and a sign of low solvency as SMP would need 15.70 years to pay back of all of its debts.
SMP has a worse Debt to FCF ratio (15.70) than 73.75% of its industry peers.
SMP has a Debt/Equity ratio of 0.88. This is a neutral value indicating SMP is somewhat dependend on debt financing.
SMP's Debt to Equity ratio of 0.88 is on the low side compared to the rest of the industry. SMP is outperformed by 83.75% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.88 | ||
| Debt/FCF | 15.7 | ||
| Altman-Z | 2.16 |
ROIC/WACC0.64
WACC9%
2.3 Liquidity
A Current Ratio of 2.16 indicates that SMP has no problem at all paying its short term obligations.
SMP has a Current ratio of 2.16. This is in the better half of the industry: SMP outperforms 78.75% of its industry peers.
A Quick Ratio of 0.83 indicates that SMP may have some problems paying its short term obligations.
With a Quick ratio value of 0.83, SMP is not doing good in the industry: 85.00% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.16 | ||
| Quick Ratio | 0.83 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 32.30% over the past year.
Measured over the past 5 years, SMP shows a small growth in Earnings Per Share. The EPS has been growing by 0.51% on average per year.
The Revenue has grown by 17.98% in the past year. This is quite good.
SMP shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.17% yearly.
EPS 1Y (TTM)32.3%
EPS 3Y-10.6%
EPS 5Y0.51%
EPS Q2Q%31.63%
Revenue 1Y (TTM)17.98%
Revenue growth 3Y4.07%
Revenue growth 5Y5.17%
Sales Q2Q%26.68%
3.2 Future
The Earnings Per Share is expected to grow by 17.18% on average over the next years. This is quite good.
The Revenue is expected to grow by 13.69% on average over the next years. This is quite good.
EPS Next Y22.65%
EPS Next 2Y17.18%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year27.2%
Revenue Next 2Y14.99%
Revenue Next 3Y13.69%
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 accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 10.08, which indicates a very decent valuation of SMP.
Compared to the rest of the industry, the Price/Earnings ratio of SMP indicates a somewhat cheap valuation: SMP is cheaper than 75.00% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.08, SMP is valued rather cheaply.
With a Price/Forward Earnings ratio of 8.89, the valuation of SMP can be described as very reasonable.
Based on the Price/Forward Earnings ratio, SMP is valued a bit cheaper than the industry average as 67.50% of the companies are valued more expensively.
SMP is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.72, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.08 | ||
| Fwd PE | 8.89 |
4.2 Price Multiples
SMP's Enterprise Value to EBITDA ratio is in line with the industry average.
SMP's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.04 | ||
| EV/EBITDA | 9.36 |
4.3 Compensation for Growth
The 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 17.18% in the coming years.
PEG (NY)0.45
PEG (5Y)19.73
EPS Next 2Y17.18%
EPS Next 3YN/A
5. Dividend
5.1 Amount
SMP has a Yearly Dividend Yield of 3.19%.
Compared to an average industry Dividend Yield of 3.82, SMP has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.34, SMP pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.19% |
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
SMP pays out 66.53% of its income as dividend. This is not a sustainable payout ratio.
SMP's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP66.53%
EPS Next 2Y17.18%
EPS Next 3YN/A
38.81
-0.09 (-0.23%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)
Earnings (Next)
Inst Owners81.71%
Inst Owner Change1.56%
Ins Owners5.07%
Ins Owner Change1.06%
Market Cap853.43M
Analysts82.86
Price Target47.26 (21.77%)
Short Float %3.9%
Short Ratio4.35
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.19% |
Yearly Dividend1.16
Dividend Growth(5Y)4.76%
DP66.53%
Div Incr Years0
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)58.25%
Min EPS beat(2)34.45%
Max EPS beat(2)82.06%
EPS beat(4)4
Avg EPS beat(4)34.26%
Min EPS beat(4)6.36%
Max EPS beat(4)82.06%
EPS beat(8)7
Avg EPS beat(8)19.03%
EPS beat(12)10
Avg EPS beat(12)14.52%
EPS beat(16)13
Avg EPS beat(16)14.53%
Revenue beat(2)2
Avg Revenue beat(2)6.19%
Min Revenue beat(2)3.78%
Max Revenue beat(2)8.61%
Revenue beat(4)3
Avg Revenue beat(4)6.32%
Min Revenue beat(4)-0.1%
Max Revenue beat(4)13%
Revenue beat(8)5
Avg Revenue beat(8)2.74%
Revenue beat(12)5
Avg Revenue beat(12)0.87%
Revenue beat(16)8
Avg Revenue beat(16)1.92%
PT rev (1m)14.4%
PT rev (3m)14.4%
EPS NQ rev (1m)-16.07%
EPS NQ rev (3m)-11%
EPS NY rev (1m)7.56%
EPS NY rev (3m)7.56%
Revenue NQ rev (1m)4.02%
Revenue NQ rev (3m)22.83%
Revenue NY rev (1m)5.13%
Revenue NY rev (3m)5.13%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.08 | ||
| Fwd PE | 8.89 | ||
| P/S | 0.52 | ||
| P/FCF | 21.04 | ||
| P/OCF | 10.55 | ||
| P/B | 1.24 | ||
| P/tB | 7.62 | ||
| EV/EBITDA | 9.36 |
EPS(TTM)3.85
EY9.92%
EPS(NY)4.37
Fwd EY11.25%
FCF(TTM)1.84
FCFY4.75%
OCF(TTM)3.68
OCFY9.48%
SpS75.03
BVpS31.32
TBVpS5.09
PEG (NY)0.45
PEG (5Y)19.73
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.96% | ||
| ROE | 5.72% | ||
| ROCE | 7.6% | ||
| ROIC | 5.75% | ||
| ROICexc | 5.98% | ||
| ROICexgc | 9.9% | ||
| OM | 6.98% | ||
| PM (TTM) | 2.39% | ||
| GM | 30.18% | ||
| FCFM | 2.46% |
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%
ROICexcg growth 3Y-25.45%
ROICexcg 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 Turnover0.82
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.88 | ||
| Debt/FCF | 15.7 | ||
| Debt/EBITDA | 3.96 | ||
| Cap/Depr | 106.28% | ||
| Cap/Sales | 2.45% | ||
| Interest Coverage | 4.53 | ||
| Cash Conversion | 52.87% | ||
| Profit Quality | 102.88% | ||
| Current Ratio | 2.16 | ||
| Quick Ratio | 0.83 | ||
| Altman-Z | 2.16 |
F-Score5
WACC9%
ROIC/WACC0.64
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)32.3%
EPS 3Y-10.6%
EPS 5Y0.51%
EPS Q2Q%31.63%
EPS Next Y22.65%
EPS Next 2Y17.18%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)17.98%
Revenue growth 3Y4.07%
Revenue growth 5Y5.17%
Sales Q2Q%26.68%
Revenue Next Year27.2%
Revenue Next 2Y14.99%
Revenue Next 3Y13.69%
Revenue Next 5YN/A
EBIT growth 1Y29.95%
EBIT growth 3Y-9.38%
EBIT growth 5Y-0.17%
EBIT Next Year57.84%
EBIT Next 3Y15.75%
EBIT Next 5YN/A
FCF growth 1Y-52.23%
FCF growth 3Y-18.2%
FCF growth 5Y-11.65%
OCF growth 1Y-24.51%
OCF growth 3Y-3.58%
OCF growth 5Y-0.05%