STANDARD MOTOR PRODS (SMP) Stock Fundamental Analysis
USA - NYSE:SMP - US8536661056 - Common Stock
40.16 USD
-0.07 (-0.17%)
40.16 USD
0 (0%)
Overall SMP gets a fundamental rating of 4 out of 10. We evaluated SMP against 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
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.
SMP had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
SMP has a worse Return On Assets (1.96%) than 67.50% of its industry peers.
SMP has a worse Return On Equity (5.72%) than 67.50% of its industry peers.
SMP has a worse Return On Invested Capital (5.75%) than 72.50% 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 8.51%.
| 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.
In the last couple of years the Profit Margin of SMP has declined.
With a Operating Margin value of 6.98%, SMP is not doing good in the industry: 65.00% of the companies in the same industry are doing better.
SMP's Operating Margin has declined in the last couple of years.
With an excellent Gross Margin value of 30.18%, SMP belongs to the best of the industry, outperforming 87.50% of the companies in the same industry.
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.
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.
Compared to 1 year ago, SMP has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.17 indicates that SMP is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of SMP (2.17) 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.
With a Debt to FCF ratio value of 15.70, SMP is not doing good in the industry: 73.75% of the companies in the same industry are doing better.
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 | 2.17 |
ROIC/WACC0.64
WACC8.94%
2.3 Liquidity
A Current Ratio of 2.16 indicates that SMP has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 2.16, SMP is in the better half of the industry, outperforming 78.75% of the companies in the same industry.
A Quick Ratio of 0.83 indicates that SMP may have some problems paying its short term obligations.
SMP has a worse Quick ratio (0.83) than 85.00% of its industry peers.
| 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.
Looking at the last year, SMP shows a quite strong growth in Revenue. The Revenue has grown by 17.98% in the last year.
The Revenue has been growing slightly by 5.17% on average over the past years.
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
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 10.43, 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 75.00% 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 27.20.
Based on the Price/Forward Earnings ratio of 9.20, the valuation of SMP can be described as reasonable.
Based on the Price/Forward Earnings ratio, SMP is valued a bit cheaper than 65.00% of the companies in the same industry.
SMP's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.70.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.43 | ||
| Fwd PE | 9.2 |
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.
SMP's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.77 | ||
| EV/EBITDA | 9.55 |
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.
SMP's earnings are expected to grow with 17.18% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.46
PEG (5Y)20.42
EPS Next 2Y17.18%
EPS Next 3YN/A
5. Dividend
5.1 Amount
SMP has a Yearly Dividend Yield of 3.03%. Purely for dividend investing, there may be better candidates out there.
SMP's Dividend Yield is comparable with the industry average which is at 3.89.
SMP's Dividend Yield is a higher than the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.03% |
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.
The dividend of SMP is growing, but earnings are growing more, so the dividend growth is sustainable.
DP66.53%
EPS Next 2Y17.18%
EPS Next 3YN/A
40.16
-0.07 (-0.17%)
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 Change1.87%
Market Cap883.12M
Analysts82.86
Price Target47.26 (17.68%)
Short Float %2.75%
Short Ratio3.13
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.03% |
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)13.01%
PT rev (3m)14.4%
EPS NQ rev (1m)6.73%
EPS NQ rev (3m)-3.31%
EPS NY rev (1m)7.56%
EPS NY rev (3m)7.56%
Revenue NQ rev (1m)0.64%
Revenue NQ rev (3m)4.68%
Revenue NY rev (1m)3.81%
Revenue NY rev (3m)5.13%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.43 | ||
| Fwd PE | 9.2 | ||
| P/S | 0.54 | ||
| P/FCF | 21.77 | ||
| P/OCF | 10.91 | ||
| P/B | 1.28 | ||
| P/tB | 7.88 | ||
| EV/EBITDA | 9.55 |
EPS(TTM)3.85
EY9.59%
EPS(NY)4.37
Fwd EY10.87%
FCF(TTM)1.84
FCFY4.59%
OCF(TTM)3.68
OCFY9.16%
SpS75.03
BVpS31.32
TBVpS5.09
PEG (NY)0.46
PEG (5Y)20.42
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 | 2.17 |
F-Score5
WACC8.94%
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%