Standard Motor Products
Market Cap
US$1.2b
Last Updated
2020/01/25 00:06 UTC
Data Sources
Company Financials +
Executive Summary
Standard Motor Products, Inc. manufactures and distributes replacement parts for motor vehicles in the automotive aftermarket industry.
Rewards
Risk Analysis
No risks detected for SMP from our risk checks.
Snowflake Analysis
Solid track record with excellent balance sheet and pays a dividend.
Similar Companies
Share Price & News
How has Standard Motor Products's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SMP has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-1.9%
SMP
-2.4%
US Auto Components
-1.3%
US Market
1 Year Return
2.7%
SMP
-2.8%
US Auto Components
22.0%
US Market
Return vs Industry: SMP exceeded the US Auto Components industry which returned 1.1% over the past year.
Return vs Market: SMP underperformed the US Market which returned 24.7% over the past year.
Shareholder returns
| SMP | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.9% | -2.4% | -1.3% |
| 30 Day | -4.2% | -4.7% | 1.8% |
| 90 Day | 1.2% | -0.4% | 9.3% |
| 1 Year | 4.6%2.7% | -1.3%-2.8% | 24.6%22.0% |
| 3 Year | 7.0%1.5% | -2.5%-12.4% | 49.2%39.6% |
| 5 Year | 52.5%40.0% | 18.0%1.2% | 77.9%58.3% |
Price Volatility Vs. Market
How volatile is Standard Motor Products's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 days ago | Simply Wall St
Does Standard Motor Products, Inc. (NYSE:SMP) Have A Particularly Volatile Share Price?2 weeks ago | Simply Wall St
Investors Who Bought Standard Motor Products (NYSE:SMP) Shares Five Years Ago Are Now Up 49%1 month ago | Simply Wall St
Does Standard Motor Products, Inc. (NYSE:SMP) Create Value For Shareholders?Valuation
Is Standard Motor Products undervalued compared to its fair value and its price relative to the market?
16.68x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: SMP ($52.15) is trading above our estimate of fair value ($28.2)
Significantly Below Fair Value: SMP is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SMP is good value based on its PE Ratio (17x) compared to the Auto Components industry average (18.2x).
PE vs Market: SMP is good value based on its PE Ratio (17x) compared to the US market (18.9x).
Price to Earnings Growth Ratio
PEG Ratio: SMP is poor value based on its PEG Ratio (1.6x)
Price to Book Ratio
PB vs Industry: SMP is overvalued based on its PB Ratio (2.4x) compared to the US Auto Components industry average (1.3x).
Next Steps
Future Growth
How is Standard Motor Products forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
10.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SMP's forecast earnings growth (10.6% per year) is above the savings rate (1.7%).
Earnings vs Market: SMP's earnings (10.6% per year) are forecast to grow slower than the US market (14.3% per year).
High Growth Earnings: SMP's earnings are forecast to grow, but not significantly.
Revenue vs Market: SMP's revenue (3.4% per year) is forecast to grow slower than the US market (7.5% per year).
High Growth Revenue: SMP's revenue (3.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if SMP's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Standard Motor Products performed over the past 5 years?
1.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SMP has high quality earnings.
Growing Profit Margin: SMP's current net profit margins (6%) are higher than last year (3.4%).
Past Earnings Growth Analysis
Earnings Trend: SMP's earnings have grown by 1.3% per year over the past 5 years.
Accelerating Growth: SMP's earnings growth over the past year (87.1%) exceeds its 5-year average (1.3% per year).
Earnings vs Industry: SMP earnings growth over the past year (87.1%) exceeded the Auto Components industry 4.1%.
Return on Equity
High ROE: SMP's Return on Equity (13.9%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Standard Motor Products's financial position?
Financial Position Analysis
Short Term Liabilities: SMP's short term assets ($557.1M) exceed its short term liabilities ($329.7M).
Long Term Liabilities: SMP's short term assets ($557.1M) exceed its long term liabilities ($97.0M).
Debt to Equity History and Analysis
Debt Level: SMP's debt to equity ratio (16.9%) is considered satisfactory.
Reducing Debt: SMP's debt to equity ratio has increased from 16.2% to 16.9% over the past 5 years.
Debt Coverage: SMP's debt is well covered by operating cash flow (54.8%).
Interest Coverage: SMP's interest payments on its debt are well covered by EBIT (23.2x coverage).
Balance Sheet
Inventory Level: SMP has a high level of physical assets or inventory.
Debt Coverage by Assets: SMP's debt is covered by short term assets (assets are 6.7x debt).
Next Steps
Dividend
What is Standard Motor Products's current dividend yield, its reliability and sustainability?
1.80%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: SMP's dividend (1.76%) is higher than the bottom 25% of dividend payers in the US market (1.4%).
High Dividend: SMP's dividend (1.76%) is low compared to the top 25% of dividend payers in the US market (3.66%).
Stability and Growth of Payments
Stable Dividend: SMP's dividends per share have been stable in the past 10 years.
Growing Dividend: SMP's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (30.1%), SMP's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
What is the CEO of Standard Motor Products's salary, the management and board of directors tenure and is there insider trading?
3.8yrs
Average management tenure
CEO
Eric Sills (50yo)
3.8yrs
Tenure
US$1,044,357
Compensation
Mr. Eric Philip Sills has been the President and Chief Executive Officer of Standard Motor Products, Inc. since February 2, 2015 and March 31, 2016 respectively. Mr. Sills served as a Vice President of Glo ...
CEO Compensation Analysis
Compensation vs Market: Eric's total compensation ($USD1.04M) is below average for companies of similar size in the US market ($USD2.53M).
Compensation vs Earnings: Eric's compensation has been consistent with company performance over the past year.
Management Age and Tenure
3.8yrs
Average Tenure
61.5yo
Average Age
Experienced Management: SMP's management team is considered experienced (3.8 years average tenure).
Board Age and Tenure
9.8yrs
Average Tenure
69yo
Average Age
Experienced Board: SMP's board of directors are considered experienced (9.8 years average tenure).
Insider Trading
Insider Buying: SMP insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Outside Consultant & Director |
| Shares | 2,000 |
| Max Price | US$51.85 |
| Entity | Individual |
| Role | Chairman of the Board Executive Chairman |
| Shares | 15,000 |
| Max Price | US$51.53 |
| Entity | Individual |
| Role | Chairman of the Board Executive Chairman |
| Shares | 8,099 |
| Max Price | US$52.34 |
| Entity | Individual |
| Role | Chief Executive Officer CEO, President & Director |
| Shares | 3,612 |
| Max Price | US$54.46 |
| Entity | Individual |
| Shares | 10,000 |
| Max Price | US$52.55 |
| Entity | Individual |
| Role | Head of Human Resources Senior Vice President of Human Resources |
| Shares | 865 |
| Max Price | US$49.65 |
| Entity | Individual |
| Role | Chief Information Officer VP of Information Technology & Chief Information Officer |
| Shares | 767 |
| Max Price | US$49.48 |
| Entity | Individual |
| Role | Chief Legal Officer Senior VP |
| Shares | 707 |
| Max Price | US$49.17 |
| Entity | Individual |
| Role | Senior Key Executive Executive VP & Chief Commercial Officer |
| Shares | 1,230 |
| Max Price | US$49.29 |
| Entity | Individual |
| Role | Chief Operating Officer Chief Operating Officer |
| Shares | 600 |
| Max Price | US$49.53 |
| Entity | Individual |
| Role | Chief Executive Officer CEO, President & Director |
| Shares | 1,358 |
| Max Price | US$49.11 |
| Entity | Individual |
| Role | Chairman of the Board Executive Chairman |
| Shares | 1,490 |
| Max Price | US$49.63 |
| Entity | Individual |
| Role | Head of Human Resources Senior Vice President of Human Resources |
| Shares | 725 |
| Max Price | US$47.52 |
| Entity | Individual |
| Shares | 10,000 |
| Max Price | US$50.02 |
| Entity | Individual |
| Role | Senior Key Executive Executive VP & Chief Commercial Officer |
| Shares | 1,331 |
| Max Price | US$49.93 |
| Entity | Individual |
| Role | Head of Human Resources Senior Vice President of Human Resources |
| Shares | 7,000 |
| Max Price | US$44.25 |
| Entity | Individual |
| Role | Chairman of the Board Executive Chairman |
| Shares | 3,757 |
| Max Price | US$45.59 |
| Entity | Individual |
| Role | Chairman of the Board Executive Chairman |
| Shares | 13,713 |
| Max Price | US$46.42 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 125 |
| Max Price | US$48.43 |
| Entity | Individual |
| Role | Head of Human Resources Senior Vice President of Human Resources |
| Shares | 1,851 |
| Max Price | US$48.00 |
| Entity | Individual |
| Role | Senior Key Executive Executive VP & Chief Commercial Officer |
| Shares | 1,431 |
| Max Price | US$49.65 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Larry Sills (79yo)
Executive Chairman
- Tenure: 19.1yrs
- Compensation: US$733.25k
Jim Burke (64yo)
Chief Operating Officer
- Tenure: 1yrs
- Compensation: US$1.98m
John Gethin (70yo)
Outside Consultant & Director
- Tenure: 3.8yrs
- Compensation: US$186.99k
William Fazio (64yo)
Chief Accounting Officer
- Tenure: 11.8yrs
Carmine Broccole (53yo)
Senior VP
- Tenure: 15.4yrs
- Compensation: US$808.76k
Dale Burks (59yo)
Executive VP & Chief Commercial Officer
- Tenure: 3.8yrs
- Compensation: US$958.19k
Thomas Tesoro (64yo)
Senior Vice President of Human Resources
- Tenure: 13.3yrs
Ray Nicholas (55yo)
VP of Information Technology & Chief Information Officer
- Tenure: 6.9yrs
Eric Sills (50yo)
CEO, President & Director
- Tenure: 3.8yrs
- Compensation: US$1.04m
Nathan Iles (43yo)
Chief Financial Officer
- Tenure: 0.3yrs
Board Members
Pamela Lieberman (65yo)
Independent Director
- Tenure: 12.4yrs
- Compensation: US$194.34k
Roger Widmann (79yo)
Independent Director
- Tenure: 14.7yrs
- Compensation: US$183.02k
Larry Sills (79yo)
Executive Chairman
- Tenure: 19.1yrs
- Compensation: US$733.25k
John Gethin (70yo)
Outside Consultant & Director
- Tenure: 3.8yrs
- Compensation: US$186.99k
Bill Turner (79yo)
Presiding Independent Director
- Tenure: 14yrs
- Compensation: US$202.48k
Joseph McDonnell (68yo)
Independent Director
- Tenure: 7.3yrs
- Compensation: US$172.48k
Richard Ward (78yo)
Independent Director
- Tenure: 15.5yrs
- Compensation: US$182.48k
Eric Sills (50yo)
CEO, President & Director
- Tenure: 3.8yrs
- Compensation: US$1.04m
Alisa Norris (49yo)
Independent Director
- Tenure: 7.3yrs
- Compensation: US$172.48k
Patrick McClymont (49yo)
Independent Director
- Tenure: 2.9yrs
- Compensation: US$172.48k
Company Information
Standard Motor Products, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Standard Motor Products, Inc.
- Ticker: SMP
- Exchange: NYSE
- Founded: 1919
- Industry: Auto Parts and Equipment
- Sector: Automobiles
- Market Cap: US$1.163b
- Shares outstanding: 22.46m
- Website: https://www.smpcorp.com
Number of Employees
Location
- Standard Motor Products, Inc.
- 37-18 Northern Boulevard
- Long Island City
- New York
- 11101
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SMP | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jan 1968 |
| SRU | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jan 1968 |
Biography
Standard Motor Products, Inc. manufactures and distributes replacement parts for motor vehicles in the automotive aftermarket industry. The company operates in two segments, Engine Management and Temperature Control. The Engine Management segment offers electronic ignition control modules, new and remanufactured fuel injectors, ignition wires, coils, switches, relays, EGR valves, distributor caps and rotors, sensors, electronic throttle bodies, keyless entry transmitters, safety-related components, and other engine management components. It offers its products primarily under the Standard, Blue Streak, Intermotor, Standard Diesel, BWD Select, BWD, OEM, TechSmart, Tech Expert, GP Sorensen, LockSmart, and SMP Blue Streak brand names, as well as under private labels comprising NAPA Echlin NAPA Belden. The Temperature Control segment provides components for the temperature control systems, engine cooling systems, power window accessories, and windshield washer systems of motor vehicles under the Four Seasons, EVERCO, ACI, Hayden, Pro Source, and Factory Air brands. It provides new and remanufactured air conditioning compressors, air conditioning compressor repair kits, clutch assemblies, blower and radiator fan motors, filter dryers, evaporators, accumulators, hose assemblies, thermal expansion devices, heater valves and cores, A/C service tools and chemicals, fan assemblies and clutches, oil coolers, window lift motors, window regulators and assemblies, and windshield washer pumps. The company sells its products primarily to automotive aftermarket retailers, program distribution groups, warehouse distributors, original equipment manufacturers, and original equipment service part operations in the United States, Canada, Mexico, Europe, Asia, and other Latin American countries. Standard Motor Products, Inc. was founded in 1919 and is headquartered in Long Island City, New York.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/01/25 00:06 |
| End of Day Share Price | 2020/01/24 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.