Standard Motor Products
Market Cap
US$926.5m
Last Updated
2021/07/31 05:36 UTC
Data Sources
Company Financials +
Executive Summary
Standard Motor Products, Inc. manufactures and distributes replacement parts for motor vehicles in the automotive aftermarket industry. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 7.4% per year for the next 3 years
Snowflake Analysis
Flawless balance sheet and undervalued.
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 is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: SMP's weekly volatility (3%) has been stable over the past year.
Market Performance
7 Day Return
-0.2%
SMP
4.2%
US Auto Components
-0.5%
US Market
1 Year Return
-8.2%
SMP
76.1%
US Auto Components
35.9%
US Market
Return vs Industry: SMP underperformed the US Auto Components industry which returned 76.1% over the past year.
Return vs Market: SMP underperformed the US Market which returned 35.9% over the past year.
Shareholder returns
| SMP | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.2% | 4.2% | -0.5% |
| 30 Day | -4.7% | 0.3% | 0.3% |
| 90 Day | -2.5% | -0.4% | 3.1% |
| 1 Year | -6.6%-8.2% | 77.1%76.1% | 38.0%35.9% |
| 3 Year | -8.1%-12.4% | 27.3%23.4% | 62.9%52.7% |
| 5 Year | 4.5%-3.7% | 93.6%67.5% | 121.7%97.3% |
Long-Term 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
2 months ago | Simply Wall St
Standard Motor Products, Inc.'s (NYSE:SMP) Stock's On An Uptrend: Are Strong Financials Guiding The Market?2 months ago | Simply Wall St
Here's Why Standard Motor Products, Inc.'s (NYSE:SMP) CEO May Have Their Pay Bumped Up2 months ago | Simply Wall St
Standard Motor Products (NYSE:SMP) Could Be A Buy For Its Upcoming DividendValuation
Is Standard Motor Products undervalued compared to its fair value and its price relative to the market?
34.0%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SMP ($41.76) is trading below our estimate of fair value ($63.29)
Significantly Below Fair Value: SMP is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SMP is good value based on its PE Ratio (10x) compared to the US Auto Components industry average (23.5x).
PE vs Market: SMP is good value based on its PE Ratio (10x) compared to the US market (18x).
Price to Earnings Growth Ratio
PEG Ratio: SMP's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: SMP is good value based on its PB Ratio (1.7x) compared to the US Auto Components industry average (2.5x).
Future Growth
How is Standard Motor Products forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
-7.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SMP's earnings are forecast to decline over the next 3 years (-7.4% per year).
Earnings vs Market: SMP's earnings are forecast to decline over the next 3 years (-7.4% per year).
High Growth Earnings: SMP's earnings are forecast to decline over the next 3 years.
Revenue vs Market: SMP's revenue is expected to decline over the next 3 years (-0.9% per year).
High Growth Revenue: SMP's revenue is forecast to decline over the next 3 years (-0.9% 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
Past Performance
How has Standard Motor Products performed over the past 5 years?
7.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SMP has high quality earnings.
Growing Profit Margin: SMP's current net profit margins (8.1%) are higher than last year (5.9%).
Past Earnings Growth Analysis
Earnings Trend: SMP's earnings have grown by 7.5% per year over the past 5 years.
Accelerating Growth: SMP's earnings growth over the past year (41.8%) exceeds its 5-year average (7.5% per year).
Earnings vs Industry: SMP earnings growth over the past year (41.8%) underperformed the Auto Components industry 50.1%.
Return on Equity
High ROE: SMP's Return on Equity (16.7%) is considered low.
Financial Health
How is Standard Motor Products's financial position?
Financial Position Analysis
Short Term Liabilities: SMP's short term assets ($617.0M) exceed its short term liabilities ($313.4M).
Long Term Liabilities: SMP's short term assets ($617.0M) exceed its long term liabilities ($106.1M).
Debt to Equity History and Analysis
Debt Level: SMP's debt to equity ratio (7.6%) is considered satisfactory.
Reducing Debt: SMP's debt to equity ratio has reduced from 12.4% to 7.6% over the past 5 years.
Debt Coverage: SMP's debt is well covered by operating cash flow (280.2%).
Interest Coverage: SMP's interest payments on its debt are well covered by EBIT (81.5x coverage).
Balance Sheet
Dividend
What is Standard Motor Products's current dividend yield, its reliability and sustainability?
2.39%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SMP's dividend (2.39%) is higher than the bottom 25% of dividend payers in the US market (1.31%).
High Dividend: SMP's dividend (2.39%) is low compared to the top 25% of dividend payers in the US market (3.54%).
Stability and Growth of Payments
Stable Dividend: SMP's dividend payments have been volatile 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 low payout ratio (18%), 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
How experienced are the management team and are they aligned to shareholders interests?
5.5yrs
Average management tenure
CEO
Eric Sills (52 yo)
5.33yrs
Tenure
US$1,638,568
Compensation
Mr. Eric Philip Sills has been the President and Chief Executive Officer of Standard Motor Products, Inc. since February 2, 2015 and March 31, 2016 respectively. Mr. Sills served as a Vice President of Glo...
CEO Compensation Analysis
Compensation vs Market: Eric's total compensation ($USD1.64M) is below average for companies of similar size in the US market ($USD2.42M).
Compensation vs Earnings: Eric's compensation has increased by more than 20% in the past year.
Leadership Team
Experienced Management: SMP's management team is seasoned and experienced (5.5 years average tenure).
Board Members
Experienced Board: SMP's board of directors are considered experienced (8.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SMP insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
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$926.516m
- Shares outstanding: 22.19m
- 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
Biography
Standard Motor Products, Inc. manufactures and distributes replacement parts for motor vehicles in the automotive aftermarket industry. The Engine Management segment offers components for the ignition, ele...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/07/31 05:36 |
| End of Day Share Price | 2021/07/30 00:00 |
| Earnings | 2021/03/31 |
| Annual Earnings | 2020/12/31 |
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.