STANDARD MOTOR PRODS (SMP) Stock Fundamental Analysis
USA - NYSE:SMP - US8536661056 - Common Stock
36.77 USD
+0.1 (+0.27%)
36.77 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 has a bad profitability rating. Also its financial health evaluation is rather negative. SMP is not priced too expensively while it is growing strongly. Keep and eye on this one!
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.
In the past 5 years SMP has always 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 (1.54%) than 69.51% of its industry peers.
The Return On Equity of SMP (4.62%) is worse than 64.63% of its industry peers.
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 8.55%.
| 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
With a Profit Margin value of 1.79%, SMP is not doing good in the industry: 65.85% of the companies in the same industry are doing better.
In the last couple of years the Profit Margin of SMP has declined.
SMP's Operating Margin of 7.05% is on the low side compared to the rest of the industry. SMP is outperformed by 62.20% of its industry peers.
In the last couple of years the Operating Margin of SMP has declined.
The Gross Margin of SMP (30.78%) is better 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.
SMP has less shares outstanding than it did 1 year ago.
SMP has less shares outstanding than it did 5 years ago.
The debt/assets ratio for SMP is higher compared to a year ago.
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.
SMP's Altman-Z score of 2.14 is on the low side compared to the rest of the industry. SMP is outperformed by 70.73% of its industry peers.
The Debt to FCF ratio of SMP is 13.11, which is on the high side as it means it would take SMP, 13.11 years of fcf income to pay off all of its debts.
SMP's Debt to FCF ratio of 13.11 is on the low side compared to the rest of the industry. SMP is outperformed by 70.73% of its industry peers.
SMP has a Debt/Equity ratio of 0.80. This is a neutral value indicating SMP is somewhat dependend on debt financing.
SMP has a worse Debt to Equity ratio (0.80) than 81.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.8 | ||
| Debt/FCF | 13.11 | ||
| Altman-Z | 2.14 |
ROIC/WACC0.79
WACC8.03%
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's Current ratio of 1.96 is fine compared to the rest of the industry. SMP outperforms 73.17% of its industry peers.
A Quick Ratio of 0.73 indicates that SMP may have some problems paying its short term obligations.
SMP has a Quick ratio of 0.73. This is amonst the worse of the industry: SMP underperforms 86.59% of its industry peers.
| 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.
SMP shows a strong growth in Revenue. In the last year, the Revenue has grown by 23.96%.
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)23.96%
Revenue growth 3Y4.07%
Revenue growth 5Y5.17%
Sales Q2Q%24.94%
3.2 Future
The Earnings Per Share is expected to grow by 17.49% on average over the next years. This is quite good.
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
A Price/Earnings ratio of 9.36 indicates a reasonable valuation of SMP.
Based on the Price/Earnings ratio, SMP is valued a bit cheaper than the industry average as 79.27% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 25.51, SMP is valued rather cheaply.
With a Price/Forward Earnings ratio of 8.38, the valuation of SMP can be described as very reasonable.
SMP's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. SMP is cheaper than 73.17% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 34.98, SMP is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.36 | ||
| Fwd PE | 8.38 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as SMP.
SMP's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.99 | ||
| EV/EBITDA | 7.92 |
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)18.31
EPS Next 2Y17.49%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.25%, SMP has a reasonable but not impressive dividend return.
SMP's Dividend Yield is comparable with the industry average which is at 4.20.
SMP's Dividend Yield is a higher than the S&P500 average which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.25% |
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
85.51% of the earnings are spent on dividend by SMP. 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
36.77
+0.1 (+0.27%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)
Earnings (Next)
Inst Owners82.86%
Inst Owner Change-0.56%
Ins Owners5.07%
Ins Owner Change1.4%
Market Cap808.57M
Revenue(TTM)1.75B
Net Income(TTM)31.28M
Analysts82.86
Price Target47.26 (28.53%)
Short Float %2.25%
Short Ratio3.41
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.25% |
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)0%
PT rev (3m)13.01%
EPS NQ rev (1m)-17.27%
EPS NQ rev (3m)-8.33%
EPS NY rev (1m)0.79%
EPS NY rev (3m)8.41%
Revenue NQ rev (1m)-1.79%
Revenue NQ rev (3m)-0.86%
Revenue NY rev (1m)0.16%
Revenue NY rev (3m)3.98%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.36 | ||
| Fwd PE | 8.38 | ||
| P/S | 0.46 | ||
| P/FCF | 17.99 | ||
| P/OCF | 9.61 | ||
| P/B | 1.19 | ||
| P/tB | 7.62 | ||
| EV/EBITDA | 7.92 |
EPS(TTM)3.93
EY10.69%
EPS(NY)4.39
Fwd EY11.94%
FCF(TTM)2.04
FCFY5.56%
OCF(TTM)3.83
OCFY10.41%
SpS79.56
BVpS30.81
TBVpS4.82
PEG (NY)0.4
PEG (5Y)18.31
Graham Number52.19
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 | 2.14 |
F-Score5
WACC8.03%
ROIC/WACC0.79
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%.