STANDARD MOTOR PRODS (SMP) Stock Fundamental Analysis
USA - NYSE:SMP - US8536661056 - Common Stock
37.14 USD
+0.01 (+0.03%)
37 USD
-0.14 (-0.38%)
Overall SMP gets a fundamental rating of 4 out of 10. We evaluated SMP against 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 not valued too expensively and it also shows a decent growth rate.
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.
Of the past 5 years SMP 4 years had a positive operating cash flow.
1.2 Ratios
SMP has a worse Return On Assets (1.96%) than 67.07% of its industry peers.
SMP has a Return On Equity of 5.72%. This is in the lower half of the industry: SMP underperforms 63.41% of its industry peers.
With a Return On Invested Capital value of 5.75%, SMP is not doing good in the industry: 70.73% of the companies in the same industry are doing better.
The Average Return On Invested Capital over the past 3 years for SMP is in line with the industry average of 8.52%.
| 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 has a worse Profit Margin (2.39%) than 63.41% of its industry peers.
SMP's Profit Margin has declined in the last couple of years.
SMP has a worse Operating Margin (6.98%) than 63.41% of its industry peers.
SMP's Operating Margin has declined in the last couple of years.
SMP's Gross Margin of 30.18% is amongst the best of the industry. SMP outperforms 86.59% 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 | 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.
The number of shares outstanding for SMP has been reduced compared to 1 year ago.
Compared to 5 years ago, SMP has less shares outstanding
SMP has a worse debt/assets ratio than last year.
2.2 Solvency
SMP has an Altman-Z score of 2.14. 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.
The Altman-Z score of SMP (2.14) is worse than 69.51% of its industry peers.
The Debt to FCF ratio of SMP is 15.70, which is on the high side as it means it would take SMP, 15.70 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 15.70, SMP is doing worse than 71.95% of the companies in the same industry.
A Debt/Equity ratio of 0.88 indicates that SMP is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.88, SMP is not doing good in the industry: 82.93% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.88 | ||
| Debt/FCF | 15.7 | ||
| Altman-Z | 2.14 |
ROIC/WACC0.71
WACC8.07%
2.3 Liquidity
A Current Ratio of 2.16 indicates that SMP has no problem at all paying its short term obligations.
With a decent Current ratio value of 2.16, SMP is doing good in the industry, outperforming 78.05% 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 Quick ratio of 0.83. This is amonst the worse of the industry: SMP underperforms 84.15% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.16 | ||
| Quick Ratio | 0.83 |
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.
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 small growth in Revenue. The Revenue has grown by 7.77% in the last year.
Measured over the past years, SMP shows a small growth in Revenue. The Revenue has been growing by 5.17% on average per year.
EPS 1Y (TTM)27.6%
EPS 3Y-10.6%
EPS 5Y0.51%
EPS Q2Q%6.25%
Revenue 1Y (TTM)7.77%
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.
The Revenue is expected to grow by 13.69% on average over the next years. This is quite good.
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
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
A Price/Earnings ratio of 9.45 indicates a reasonable 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 78.05% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of SMP to the average of the S&P500 Index (26.51), we can say SMP is valued rather cheaply.
With a Price/Forward Earnings ratio of 8.46, the valuation of SMP can be described as very reasonable.
Based on the Price/Forward Earnings ratio, SMP is valued a bit cheaper than 71.95% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.53, SMP is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.45 | ||
| Fwd PE | 8.46 |
4.2 Price Multiples
SMP's Enterprise Value to EBITDA ratio is in line with the industry average.
SMP's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 20.14 | ||
| EV/EBITDA | 9.11 |
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 17.49% in the coming years.
PEG (NY)0.4
PEG (5Y)18.5
EPS Next 2Y17.49%
EPS Next 3YN/A
5. Dividend
5.1 Amount
SMP has a Yearly Dividend Yield of 3.34%.
SMP's Dividend Yield is comparable with the industry average which is at 4.32.
SMP's Dividend Yield is a higher than the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.34% |
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 2Y17.49%
EPS Next 3YN/A
37.14
+0.01 (+0.03%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)
Earnings (Next)
Inst Owners82.86%
Inst Owner Change-1.29%
Ins Owners5.07%
Ins Owner Change3.66%
Market Cap816.71M
Revenue(TTM)1.46B
Net Income(TTM)39.42M
Analysts82.86
Price Target47.26 (27.25%)
Short Float %2.51%
Short Ratio3.78
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.34% |
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)0%
PT rev (3m)14.4%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-3.31%
EPS NY rev (1m)0%
EPS NY rev (3m)7.56%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)4.68%
Revenue NY rev (1m)0%
Revenue NY rev (3m)3.81%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.45 | ||
| Fwd PE | 8.46 | ||
| P/S | 0.5 | ||
| P/FCF | 20.14 | ||
| P/OCF | 10.09 | ||
| P/B | 1.19 | ||
| P/tB | 7.29 | ||
| EV/EBITDA | 9.11 |
EPS(TTM)3.93
EY10.58%
EPS(NY)4.39
Fwd EY11.82%
FCF(TTM)1.84
FCFY4.97%
OCF(TTM)3.68
OCFY9.91%
SpS75.03
BVpS31.32
TBVpS5.09
PEG (NY)0.4
PEG (5Y)18.5
Graham Number52.62
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%
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 Turnover0.82
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 | 2.14 |
F-Score5
WACC8.07%
ROIC/WACC0.71
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)7.77%
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 1Y29.95%
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-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%
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 66.53%.