STANDARD MOTOR PRODS (SMP) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:SMP - US8536661056 - Common Stock
37.08 USD
-0.27 (-0.72%)
37.08 USD
0 (0%)
SMP gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 82 industry peers in the Automobile Components industry. Both the profitability and financial health of SMP have multiple concerns. SMP is not overvalued while it is showing excellent growth. This is an interesting combination.
1. Profitability
1.1 Basic Checks
SMP had positive earnings in the past year.
In the past year SMP had a positive cash flow from operations.
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
SMP has a Return On Assets of 1.54%. This is in the lower half of the industry: SMP underperforms 69.51% of its industry peers.
Looking at the Return On Equity, with a value of 4.62%, SMP is doing worse than 64.63% of the companies in the same industry.
SMP has a Return On Invested Capital of 6.33%. This is in the lower half of the industry: SMP underperforms 69.51% of its industry peers.
SMP had an Average Return On Invested Capital over the past 3 years of 7.06%. This 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
The Profit Margin of SMP (1.79%) is worse than 65.85% of its industry peers.
SMP's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 7.05%, SMP is doing worse than 62.20% of the companies in the same industry.
SMP's Operating Margin has declined in the last couple of years.
SMP's Gross Margin of 30.78% is amongst the best of the industry. SMP outperforms 87.80% 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 | 7.05% | ||
| 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.
The number of shares outstanding for SMP has been reduced compared to 5 years ago.
SMP has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.15 indicates that SMP is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of SMP (2.15) 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.
Looking at the Debt to FCF ratio, with a value of 13.11, SMP is doing worse than 70.73% of the companies in the same industry.
SMP has a Debt/Equity ratio of 0.80. This is a neutral value indicating SMP is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.80, SMP is not doing good in the industry: 81.71% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.8 | ||
| Debt/FCF | 13.11 | ||
| Altman-Z | 2.15 |
ROIC/WACC0.8
WACC7.92%
2.3 Liquidity
A Current Ratio of 1.96 indicates that SMP should not have too much problems paying its short term obligations.
SMP has a better Current ratio (1.96) than 73.17% of its industry peers.
A Quick Ratio of 0.73 indicates that SMP may have some problems paying its short term obligations.
With a Quick ratio value of 0.73, SMP is not doing good in the industry: 86.59% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.96 | ||
| Quick Ratio | 0.73 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 27.60% over the past year.
The Earnings Per Share has been growing slightly by 0.51% on average over the past years.
Looking at the last year, SMP shows a very strong growth in Revenue. The Revenue has grown by 23.96%.
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
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 9.44, the valuation of SMP can be described as reasonable.
Based on the Price/Earnings ratio, SMP is valued a bit cheaper than 79.27% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.15. SMP is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 8.45, 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 71.95% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 36.22, SMP is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.44 | ||
| Fwd PE | 8.45 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as SMP.
The rest of the industry has a similar Price/Free Cash Flow ratio as SMP.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.14 | ||
| EV/EBITDA | 7.98 |
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.
SMP's earnings are expected to grow with 17.49% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.4
PEG (5Y)18.47
EPS Next 2Y17.49%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.27%, SMP has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 4.29, SMP has a dividend in line with its industry peers.
SMP's Dividend Yield is a higher than the S&P500 average which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.27% |
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 85.51% of its income as dividend. This is not a sustainable payout ratio.
The dividend of SMP is growing, but earnings are growing more, so the dividend growth is sustainable.
DP85.51%
EPS Next 2Y17.49%
EPS Next 3YN/A
37.08
-0.27 (-0.72%)
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 Cap815.76M
Revenue(TTM)1.75B
Net Income(TTM)31.28M
Analysts82.86
Price Target47.94 (29.29%)
Short Float %3.85%
Short Ratio5.93
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.27% |
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)-1.79%
Revenue NY rev (1m)0.16%
Revenue NY rev (3m)0.16%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.44 | ||
| Fwd PE | 8.45 | ||
| P/S | 0.47 | ||
| P/FCF | 18.14 | ||
| P/OCF | 9.69 | ||
| P/B | 1.2 | ||
| P/tB | 7.69 | ||
| EV/EBITDA | 7.98 |
EPS(TTM)3.93
EY10.6%
EPS(NY)4.39
Fwd EY11.84%
FCF(TTM)2.04
FCFY5.51%
OCF(TTM)3.83
OCFY10.32%
SpS79.52
BVpS30.79
TBVpS4.82
PEG (NY)0.4
PEG (5Y)18.47
Graham Number52.18
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
WACC7.92%
ROIC/WACC0.8
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%.