STANDARD MOTOR PRODS (SMP) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:SMP - US8536661056 - Common Stock
38.87 USD
+0.52 (+1.36%)
38.87 USD
0 (0%)
Taking everything into account, SMP scores 4 out of 10 in our fundamental rating. SMP was compared to 82 industry peers in the Automobile Components industry. SMP may be in some trouble as it scores bad on both profitability and health. SMP is growing strongly while it is still valued neutral. This is a good combination!
1. Profitability
1.1 Basic Checks
In the past year SMP was profitable.
SMP had a positive operating cash flow in the past year.
SMP had positive earnings in each of the past 5 years.
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.
SMP's Return On Equity of 4.62% is on the low side compared to the rest of the industry. SMP is outperformed by 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.
The Average Return On Invested Capital over the past 3 years for SMP is in line with the industry average of 8.62%.
| 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
Looking at the Profit Margin, with a value of 1.79%, SMP is doing worse than 65.85% of the companies in the same industry.
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.
In the last couple of years the Operating Margin of SMP has declined.
SMP has a better Gross Margin (30.78%) than 87.80% of its industry peers.
SMP's Gross Margin has been stable in the last couple of years.
| 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), SMP is destroying value.
Compared to 1 year ago, SMP has less shares outstanding
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 2.16 indicates that SMP is not a great score, but indicates only limited risk for bankruptcy at the moment.
With a Altman-Z score value of 2.16, SMP is not doing good in the industry: 70.73% of the companies in the same industry are doing better.
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 worse Debt to FCF ratio (13.11) than 70.73% of its industry peers.
A Debt/Equity ratio of 0.80 indicates that SMP is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.80, SMP is doing worse than 81.71% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.8 | ||
| Debt/FCF | 13.11 | ||
| Altman-Z | 2.16 |
ROIC/WACC0.8
WACC7.88%
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 Current ratio of 1.96. This is in the better half of the industry: SMP outperforms 74.39% 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.
Looking at the Quick ratio, with a value of 0.73, SMP is doing worse than 86.59% of the companies in the same industry.
| 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.
Looking at the last year, SMP shows a very strong growth in Revenue. The Revenue has grown by 23.96%.
The Revenue has been growing slightly by 5.17% on average over the past years.
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
Based on estimates for the next years, SMP will show a quite strong growth in Earnings Per Share. The EPS will grow by 17.88% on average per year.
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 Y24.8%
EPS Next 2Y17.88%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year26.36%
Revenue Next 2Y14.53%
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
With a Price/Earnings ratio of 9.89, the valuation of SMP can be described as very reasonable.
Based on the Price/Earnings ratio, SMP is valued a bit cheaper than 78.05% of the companies in the same industry.
When comparing the Price/Earnings ratio of SMP to the average of the S&P500 Index (26.22), we can say SMP is valued rather cheaply.
With a Price/Forward Earnings ratio of 8.80, 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 73.17% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.58, SMP is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.89 | ||
| Fwd PE | 8.8 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of SMP is on the same level as its industry peers.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of SMP is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.02 | ||
| EV/EBITDA | 8.15 |
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 17.88% in the coming years.
PEG (NY)0.4
PEG (5Y)19.36
EPS Next 2Y17.88%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.22%, SMP has a reasonable but not impressive dividend return.
SMP's Dividend Yield is comparable with the industry average which is at 2.57.
SMP's Dividend Yield is rather good when compared to the S&P500 average which is at 1.87.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.22% |
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.
SMP's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP85.51%
EPS Next 2Y17.88%
EPS Next 3YN/A
38.87
+0.52 (+1.36%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)
Earnings (Next)
Inst Owners82.08%
Inst Owner Change-0.38%
Ins Owners5.17%
Ins Owner Change0.82%
Market Cap855.14M
Revenue(TTM)1.75B
Net Income(TTM)31.28M
Analysts82.86
Price Target47.94 (23.33%)
Short Float %2.62%
Short Ratio3.78
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.22% |
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)0%
EPS NQ rev (3m)-17.27%
EPS NY rev (1m)0.96%
EPS NY rev (3m)1.76%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.79%
Revenue NY rev (1m)-0.82%
Revenue NY rev (3m)-0.66%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.89 | ||
| Fwd PE | 8.8 | ||
| P/S | 0.49 | ||
| P/FCF | 19.02 | ||
| P/OCF | 10.16 | ||
| P/B | 1.26 | ||
| P/tB | 8.06 | ||
| EV/EBITDA | 8.15 |
EPS(TTM)3.93
EY10.11%
EPS(NY)4.42
Fwd EY11.37%
FCF(TTM)2.04
FCFY5.26%
OCF(TTM)3.83
OCFY9.84%
SpS79.52
BVpS30.79
TBVpS4.82
PEG (NY)0.4
PEG (5Y)19.36
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 | 2.16 |
F-Score5
WACC7.88%
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 Y24.8%
EPS Next 2Y17.88%
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 Year26.36%
Revenue Next 2Y14.53%
Revenue Next 3Y13.69%
Revenue Next 5YN/A
EBIT growth 1Y31.6%
EBIT growth 3Y-9.38%
EBIT growth 5Y-0.17%
EBIT Next Year108.68%
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%.