Standard Motor Products
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Standard Motor Products, Inc. manufactures and distributes replacement parts for motor vehicles in the automotive aftermarket industry. The last earnings update was 77 days ago. More info.
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SMP Share Price and Events
7 Day Returns
1 Year Returns
SMP Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Standard Motor Products (SMP) | 2.7% | 0.8% | -17.1% | -7.9% | 6.7% | 7.6% |
| US Auto Components | 1.2% | 0.9% | -16% | -27.6% | -1.4% | -11.6% |
| US Market | -0.3% | 2.9% | 2.1% | 3.4% | 36.2% | 41.3% |
1 Year Return vs Industry and Market
- SMP outperformed the Auto Components industry which returned -27.6% over the past year.
- SMP underperformed the Market in United States of America which returned 3.4% over the past year.
Price Volatility
Related Companies
Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Standard Motor Products
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Standard Motor Products.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 3 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 10.3% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Auto Components Unlevered Beta | Simply Wall St/ S&P Global | 1.27 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.27 (1 + (1- 21%) (12.22%)) |
1.263 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.26 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.263 * 5.96%) |
10.26% |
Discounted Cash Flow Calculation for NYSE:SMP using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Standard Motor Products is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 10.26%) |
|
|---|---|---|---|
| 2020 | 27.43 | Est @ -2% | 24.88 |
| 2021 | 27.27 | Est @ -0.58% | 22.44 |
| 2022 | 27.39 | Est @ 0.41% | 20.43 |
| 2023 | 27.69 | Est @ 1.11% | 18.74 |
| 2024 | 28.13 | Est @ 1.59% | 17.26 |
| 2025 | 28.68 | Est @ 1.93% | 15.96 |
| 2026 | 29.30 | Est @ 2.17% | 14.79 |
| 2027 | 29.98 | Est @ 2.34% | 13.73 |
| 2028 | 30.72 | Est @ 2.46% | 12.76 |
| 2029 | 31.50 | Est @ 2.54% | 11.86 |
| Present value of next 10 years cash flows | $172.85 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2029
× (1 + g) ÷ (Discount Rate – g)
= $31.50 × (1 + 2.73%) ÷ (10.26% – 2.73%) |
$429.89 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $429.89 ÷ (1 + 10.26%)10 |
$161.90 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $172.85 + $161.90 |
$334.75 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $334.75 / 22.36 |
$14.97 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $14.97 |
| Current discount | Discount to share price of
$44.71
= -1 x ($44.71 - $14.97) / $14.97 |
-198.6% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Standard Motor Products is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Standard Motor Products's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Standard Motor Products's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in USD | $2.73 |
| NYSE:SMP Share Price ** | NYSE (2019-07-18) in USD | $44.71 |
| United States of America Auto Components Industry PE Ratio | Median Figure of 23 Publicly-Listed Auto Components Companies | 14.68x |
| United States of America Market PE Ratio | Median Figure of 3,083 Publicly-Listed Companies | 17.88x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Standard Motor Products.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:SMP Share Price ÷ EPS (both in USD) = 44.71 ÷ 2.73 |
16.35x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Standard Motor Products is overvalued based on earnings compared to the US Auto Components industry average.
- Standard Motor Products is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Standard Motor Products's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 16.35x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts |
12.8%per year |
| United States of America Auto Components Industry PEG Ratio | Median Figure of 21 Publicly-Listed Auto Components Companies | 1.06x |
| United States of America Market PEG Ratio | Median Figure of 2,124 Publicly-Listed Companies | 1.57x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 16.35x ÷ 12.8% |
1.28x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Standard Motor Products is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Standard Motor Products's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $21.15 |
| NYSE:SMP Share Price * | NYSE (2019-07-18) in USD | $44.71 |
| United States of America Auto Components Industry PB Ratio | Median Figure of 40 Publicly-Listed Auto Components Companies | 1.33x |
| United States of America Market PB Ratio | Median Figure of 5,245 Publicly-Listed Companies | 1.8x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:SMP Share Price ÷ Book Value per Share (both in USD) = 44.71 ÷ 21.15 |
2.11x |
* Primary Listing of Standard Motor Products.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Standard Motor Products is overvalued based on assets compared to the US Auto Components industry average.
Value checks
We assess Standard Motor Products's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Auto Components industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Auto Components industry average (and greater than 0)? (1 check) Standard Motor Products has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Standard Motor Products's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Standard Motor Products's earnings growth is positive but not above the United States of America market average.
- Standard Motor Products's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:SMP Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts | 12.8% |
| NYSE:SMP Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts | 4.2% |
| United States of America Auto Components Industry Earnings Growth Rate | Market Cap Weighted Average | 17.1% |
| United States of America Auto Components Industry Revenue Growth Rate | Market Cap Weighted Average | 5.6% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14.1% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.4% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 1,206 | 75 | 3 | |
| 2019-12-31 | 1,163 | 83 | 65 | 3 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 1,114 | 50 | 61 |
| 2018-12-31 | 1,092 | 70 | 57 |
| 2018-09-30 | 1,085 | 95 | 37 |
| 2018-06-30 | 1,069 | 76 | 34 |
| 2018-03-31 | 1,096 | 85 | 36 |
| 2017-12-31 | 1,116 | 65 | 44 |
| 2017-09-30 | 1,106 | 52 | 61 |
| 2017-06-30 | 1,126 | 67 | 65 |
| 2017-03-31 | 1,102 | 72 | 66 |
| 2016-12-31 | 1,058 | 98 | 62 |
| 2016-09-30 | 1,034 | 75 | 59 |
| 2016-06-30 | 1,003 | 63 | 57 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
All data from Standard Motor Products Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 3.15 | 3.15 | 3.15 | 1.00 |
| 2019-12-31 | 2.84 | 2.84 | 2.84 | 1.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | 2.73 |
| 2018-12-31 | 2.53 |
| 2018-09-30 | 1.63 |
| 2018-06-30 | 1.53 |
| 2018-03-31 | 1.58 |
| 2017-12-31 | 1.92 |
| 2017-09-30 | 2.66 |
| 2017-06-30 | 2.83 |
| 2017-03-31 | 2.90 |
| 2016-12-31 | 2.75 |
| 2016-09-30 | 2.62 |
| 2016-06-30 | 2.53 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if Standard Motor Products will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess Standard Motor Products's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Standard Motor Products has a total score of 1/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Standard Motor Products performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Standard Motor Products's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
- Standard Motor Products's 1-year earnings growth exceeds its 5-year average (71.1% vs -1.5%)
- Standard Motor Products's earnings growth has exceeded the US Auto Components industry average in the past year (71.1% vs 2.9%).
Earnings and Revenue History
All data from Standard Motor Products Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 1,113.99 | 61.36 | 208.66 | |
| 2018-12-31 | 1,092.05 | 56.85 | 206.67 | |
| 2018-09-30 | 1,085.06 | 36.59 | 202.93 | |
| 2018-06-30 | 1,069.50 | 34.43 | 198.59 | |
| 2018-03-31 | 1,095.59 | 35.86 | 201.08 | |
| 2017-12-31 | 1,116.14 | 43.63 | 200.98 | |
| 2017-09-30 | 1,105.96 | 60.58 | 202.86 | |
| 2017-06-30 | 1,125.70 | 64.52 | 209.67 | |
| 2017-03-31 | 1,101.95 | 66.12 | 205.58 | |
| 2016-12-31 | 1,058.48 | 62.41 | 202.36 | |
| 2016-09-30 | 1,033.65 | 59.35 | 193.28 | |
| 2016-06-30 | 1,002.89 | 57.49 | 196.81 | |
| 2016-03-31 | 983.30 | 51.44 | 194.69 | |
| 2015-12-31 | 971.98 | 48.12 | 191.99 | |
| 2015-09-30 | 985.06 | 53.86 | 198.21 | |
| 2015-06-30 | 972.07 | 52.47 | 178.02 | |
| 2015-03-31 | 975.23 | 49.83 | 182.53 | |
| 2014-12-31 | 980.39 | 52.90 | 180.43 | |
| 2014-09-30 | 981.05 | 50.77 | 171.60 | |
| 2014-06-30 | 988.16 | 50.65 | 183.60 | |
| 2014-03-31 | 985.75 | 55.88 | 181.94 | |
| 2013-12-31 | 983.70 | 53.04 | 187.36 | |
| 2013-09-30 | 957.35 | 49.96 | 195.99 | |
| 2013-06-30 | 969.16 | 49.72 | 196.31 | |
| 2013-03-31 | 967.91 | 47.04 | 192.33 | |
| 2012-12-31 | 948.92 | 42.97 | 173.80 | |
| 2012-09-30 | 930.73 | 66.18 | 183.83 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Standard Motor Products has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Standard Motor Products used its assets more efficiently than the US Auto Components industry average last year based on Return on Assets.
- Standard Motor Products's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Standard Motor Products's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Auto Components industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Standard Motor Products has a total score of 3/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is Standard Motor Products's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Standard Motor Products's finances.
The net worth of a company is the difference between its assets and liabilities.
- Standard Motor Products is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Standard Motor Products's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 6.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Standard Motor Products Company Filings, last reported 3 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 473.04 | 83.90 | 11.75 |
| 2018-12-31 | 467.20 | 49.22 | 11.14 |
| 2018-09-30 | 474.05 | 51.01 | 27.32 |
| 2018-06-30 | 462.37 | 93.73 | 18.57 |
| 2018-03-31 | 459.51 | 95.92 | 26.23 |
| 2017-12-31 | 453.65 | 61.78 | 17.32 |
| 2017-09-30 | 469.52 | 73.14 | 25.40 |
| 2017-06-30 | 472.22 | 79.09 | 16.39 |
| 2017-03-31 | 457.57 | 82.20 | 15.58 |
| 2016-12-31 | 441.03 | 54.98 | 19.80 |
| 2016-09-30 | 438.54 | 70.18 | 30.54 |
| 2016-06-30 | 420.48 | 100.18 | 12.40 |
| 2016-03-31 | 405.15 | 49.66 | 13.36 |
| 2015-12-31 | 391.98 | 47.51 | 18.80 |
| 2015-09-30 | 392.36 | 24.58 | 13.36 |
| 2015-06-30 | 386.60 | 53.05 | 12.70 |
| 2015-03-31 | 380.55 | 71.76 | 8.12 |
| 2014-12-31 | 374.15 | 56.82 | 13.73 |
| 2014-09-30 | 366.33 | 59.27 | 10.59 |
| 2014-06-30 | 363.55 | 59.10 | 6.22 |
| 2014-03-31 | 355.83 | 33.07 | 4.42 |
| 2013-12-31 | 349.43 | 21.48 | 5.56 |
| 2013-09-30 | 347.29 | 32.29 | 10.10 |
| 2013-06-30 | 330.63 | 68.47 | 12.28 |
| 2013-03-31 | 317.66 | 75.72 | 9.72 |
| 2012-12-31 | 307.59 | 40.65 | 13.07 |
| 2012-09-30 | 303.37 | 60.48 | 10.89 |
- Standard Motor Products's level of debt (17.7%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has increased over the past 5 years (9.4% vs 17.7% today).
- Debt is well covered by operating cash flow (59.2%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 24.9x coverage).
Financial health checks
We assess Standard Motor Products's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Standard Motor Products has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is Standard Motor Products's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Standard Motor Products
shares you are expected to receive
$41
in your first year as a dividend.
Dividend Amount
- Standard Motor Products's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
- Standard Motor Products's dividend is below the markets top 25% of dividend payers in United States of America (3.76%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
| United States of America Auto Components Industry Average Dividend Yield | Market Cap Weighted Average of 15 Stocks | 2.1% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2017 Stocks | 2.4% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.8% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2020-12-31 | ||
| 2019-12-31 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-05-02 | 0.920 | 2.028 |
| 2019-04-30 | 0.920 | 1.881 |
| 2019-02-04 | 0.920 | 1.833 |
| 2018-10-30 | 0.840 | 1.655 |
| 2018-10-26 | 0.840 | 1.584 |
| 2018-07-31 | 0.840 | 1.726 |
| 2018-07-26 | 0.840 | 1.797 |
| 2018-05-04 | 0.840 | 1.792 |
| 2018-05-03 | 0.840 | 1.856 |
| 2018-02-01 | 0.840 | 1.761 |
| 2017-10-26 | 0.760 | 1.706 |
| 2017-07-31 | 0.760 | 1.642 |
| 2017-05-04 | 0.760 | 1.499 |
| 2017-05-03 | 0.760 | 1.476 |
| 2017-02-01 | 0.760 | 1.554 |
| 2016-10-28 | 0.680 | 1.330 |
| 2016-10-27 | 0.680 | 1.438 |
| 2016-08-03 | 0.680 | 1.495 |
| 2016-05-04 | 0.680 | 1.740 |
| 2016-01-12 | 0.680 | 1.984 |
| 2015-10-30 | 0.600 | 1.483 |
| 2015-10-29 | 0.600 | 1.414 |
| 2015-07-31 | 0.600 | 1.684 |
| 2015-07-30 | 0.600 | 1.659 |
| 2015-05-04 | 0.600 | 1.687 |
| 2015-04-30 | 0.600 | 1.632 |
| 2015-02-02 | 0.600 | 1.472 |
| 2014-10-30 | 0.520 | 1.387 |
| 2014-07-30 | 0.520 | 1.425 |
| 2014-05-01 | 0.520 | 1.233 |
| 2014-02-03 | 0.520 | 1.497 |
| 2013-10-31 | 0.440 | 1.272 |
| 2013-08-07 | 0.440 | 1.367 |
| 2013-05-03 | 0.440 | 1.287 |
| 2013-01-30 | 0.440 | 1.663 |
| 2012-10-31 | 0.360 | 1.729 |
| 2012-08-06 | 0.360 | 2.012 |
| 2012-05-03 | 0.360 | 2.688 |
| 2012-01-30 | 0.360 | 1.916 |
| 2011-11-01 | 0.280 | 1.430 |
| 2011-07-27 | 0.280 | 2.121 |
| 2011-05-04 | 0.280 | 1.910 |
| 2011-01-18 | 0.280 | 2.203 |
| 2010-11-04 | 0.200 | 1.495 |
| 2010-11-02 | 0.200 | 1.603 |
| 2010-08-02 | 0.200 | 1.995 |
| 2010-05-05 | 0.200 | 2.361 |
| 2010-01-19 | 0.200 | 2.137 |
| 2009-10-27 | 0.000 | 0.000 |
| 2009-08-06 | 0.000 | 0.000 |
| 2009-08-05 | 0.000 | 0.000 |
| 2009-05-08 | 0.000 | 0.000 |
| 2009-05-06 | 0.000 | 0.000 |
| 2009-01-16 | 0.000 | 0.000 |
| 2008-10-30 | 0.360 | 11.282 |
| 2008-08-04 | 0.360 | 6.381 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
- Dividends per share have increased over the past 10 years.
Income/ dividend checks
We assess Standard Motor Products's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Standard Motor Products afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Standard Motor Products has a total score of 3/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | $1,044,357 |
| AGE | 50 |
| TENURE AS CEO | 3.3 years |
CEO Bio
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 Global Operations at Standard Motor Products, Inc. from January 2013 to February 2, 2015 and served as its Vice President of Engine Management Division from September 2006 to January 2013. From 1991 to September 2006, Mr. Sills served in various capacities at Standard Motor Products, Inc., most recently as its General Manager of LIC Operations, Director of Product Management and Plant Manager of Oxygen Sensor Business Unit. He has been a Member of the Board of Governors at Automotive Aftermarket Suppliers Association since January 2017. He has been a Director of Standard Motor Products, Inc. since March 31, 2016. He had served as Director of Orange Electronic Co., Ltd. since May 28, 2015. He is a Representative Director for Standard Motor Products (HK) Limited. He has completed an Advanced Management Program at Harvard Business School. Mr. Sills holds an MBA from Columbia University and a BA from Bowdoin College.
CEO Compensation
- Eric's compensation has been consistent with company performance over the past year, both up more than 20%.
- Eric's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Standard Motor Products management team in years:
- The average tenure for the Standard Motor Products management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Larry Sills
Executive Chairman
$733K
79
Eric Sills
CEO, President & Director
$1M
50
3.3 yrs
Jim Burke
CFO & COO
$2M
64
19.8 yrs
Carmine Broccole
Senior VP
$809K
53
14.9 yrs
Dale Burks
Executive VP & Chief Commercial Officer
$958K
59
3.3 yrs
John Gethin
Outside Consultant & Director
$187K
70
3.3 yrs
William Fazio
Chief Accounting Officer
64
11.3 yrs
Ray Nicholas
VP of Information Technology & Chief Information Officer
55
6.4 yrs
Thomas Tesoro
Vice President of Human Resources
64
12.8 yrs
Erin Pawlish
Treasurer
43
3.7 yrs
Board of Directors Tenure
Average tenure and age of the Standard Motor Products board of directors in years:
- The tenure for the Standard Motor Products board of directors is about average.
Board of Directors
Larry Sills
Executive Chairman
$733K
79
18.6 yrs
Eric Sills
CEO, President & Director
$1M
50
3.3 yrs
John Gethin
Outside Consultant & Director
$187K
70
3.3 yrs
Bill Turner
Presiding Independent Director
$202K
79
13.5 yrs
Richard Ward
Independent Director
$182K
78
15 yrs
Roger Widmann
Independent Director
$183K
79
14.2 yrs
Pamela Lieberman
Independent Director
$194K
65
11.9 yrs
Alisa Norris
Independent Director
$172K
49
6.8 yrs
Joseph McDonnell
Independent Director
$172K
68
6.8 yrs
Patrick McClymont
Independent Director
$172K
49
2.4 yrs
Who owns this company?
Recent Insider Trading
- Standard Motor Products individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 08. Jul 19 | Sell | Thomas Tesoro | Individual | 05. Jul 19 | 05. Jul 19 | -7,000 | $44.25 | $-309,750 | ||
| 30. May 19 | Sell | Lawrence Sills | Individual | 28. May 19 | 28. May 19 | -3,757 | $45.59 | $-171,282 | ||
| 24. May 19 | Sell | Lawrence Sills | Individual | 22. May 19 | 24. May 19 | -13,713 | $46.42 | $-625,344 | ||
| 06. May 19 | Sell | Thomas Tesoro | Individual | 02. May 19 | 02. May 19 | -1,851 | $48.00 | $-88,848 | ||
| 06. May 19 | Sell | Roger Widmann | Individual | 02. May 19 | 02. May 19 | -125 | $48.43 | $-6,054 | ||
| 20. Feb 19 | Sell | Dale Burks | Individual | 19. Feb 19 | 19. Feb 19 | -1,431 | $49.65 | $-71,049 | ||
| 22. Oct 18 | Sell | Thomas Tesoro | Individual | 22. Oct 18 | 22. Oct 18 | -450 | $43.93 | $-19,769 | ||
| 15. Oct 18 | Sell | Ray Nicholas | Individual | 15. Oct 18 | 15. Oct 18 | -1,000 | $43.65 | $-43,650 | ||
| 15. Oct 18 | Sell | Eric Sills | Individual | 15. Oct 18 | 15. Oct 18 | -1,015 | $43.60 | $-44,254 | ||
| 15. Oct 18 | Sell | Dale Burks | Individual | 15. Oct 18 | 15. Oct 18 | -925 | $44.06 | $-40,756 | ||
| 15. Oct 18 | Sell | Lawrence Sills | Individual | 15. Oct 18 | 15. Oct 18 | -1,000 | $44.14 | $-44,140 | ||
| 15. Oct 18 | Sell | Thomas Tesoro | Individual | 15. Oct 18 | 15. Oct 18 | -1,100 | $44.13 | $-48,543 | ||
| 15. Oct 18 | Sell | Carmine Broccole | Individual | 15. Oct 18 | 15. Oct 18 | -825 | $44.07 | $-36,358 | ||
| 12. Sep 18 | Sell | Thomas Tesoro | Individual | 12. Sep 18 | 12. Sep 18 | -1,000 | $51.22 | $-51,220 | ||
| 14. Aug 18 | Sell | Frederick Sturdivant | Individual | 14. Aug 18 | 14. Aug 18 | -4,000 | $50.00 | $-200,000 | ||
| 03. Aug 18 | Sell | Ray Nicholas | Individual | 03. Aug 18 | 03. Aug 18 | -1,281 | $48.04 | $-61,539 | ||
Management checks
We assess Standard Motor Products's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Standard Motor Products has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
Here's Why Standard Motor Products (NYSE:SMP) Can Manage Its Debt Responsibly
NYSE:SMP Historical Debt, July 5th 2019 How Strong Is Standard Motor Products's Balance Sheet? … Because it carries more debt than cash, we think it's worth watching Standard Motor Products's balance sheet over time. … Considering this range of data points, we think Standard Motor Products is in a good position to manage its debt levels.
Simply Wall St - – Full articleStandard Motor Products, Inc. (NYSE:SMP) Earns A Nice Return On Capital Employed
The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Standard Motor Products: 0.19 = US$110m ÷ (US$913m - US$346m) (Based on the trailing twelve months to March 2019.) Therefore, Standard Motor Products has an ROCE of 19%. … What Are Current Liabilities, And How Do They Affect Standard Motor Products's ROCE? … With this level of current liabilities, Standard Motor Products's ROCE is boosted somewhat.
Simply Wall St - – Full articleStandard Motor Products, Inc. (NYSE:SMP) Delivered A Weaker ROE Than Its Industry
The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Standard Motor Products: 13% = US$61m ÷ US$473m (Based on the trailing twelve months to March 2019.) Most know that net profit is the total earnings after all expenses, but the concept of shareholders' equity is a little more complicated. … Does Standard Motor Products Have A Good Return On Equity? … Combining Standard Motor Products's Debt And Its 13% Return On Equity Standard Motor Products has a debt to equity ratio of 0.18, which is far from excessive.
Simply Wall St - – Full articleShould You Be Concerned About Standard Motor Products, Inc.'s (NYSE:SMP) Historical Volatility?
If the future looks like the past, we could therefore consider it likely that the stock price will experience share price volatility that is roughly similar to the overall market. … With a market capitalisation of US$947m, Standard Motor Products is a small cap stock. … What this means for you: Since Standard Motor Products has a beta close to one, it will probably show a positive return when the market is moving up, based on history.
Simply Wall St - – Full articleIf You Had Bought Standard Motor Products (NYSE:SMP) Stock Three Years Ago, You Could Pocket A 20% Gain Today
Standard Motor Products was able to grow its EPS at 6.5% per year over three years, sending the share price higher. … When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. … A Different Perspective Standard Motor Products shareholders have received returns of 3.7% over twelve months (even including dividends), which isn't far from the general market return.
Simply Wall St - – Full articleWhat Does Standard Motor Products, Inc.'s (NYSE:SMP) P/E Ratio Tell You?
Check out our latest analysis for Standard Motor Products How Do I Calculate A Price To Earnings Ratio? … The formula for P/E is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Standard Motor Products: P/E of 17.64 = $48.25 ÷ $2.73 (Based on the trailing twelve months to March 2019.) Is A High Price-to-Earnings Ratio Good? … NYSE:SMP Price Estimation Relative to Market, May 13th 2019 Its relatively high P/E ratio indicates that Standard Motor Products shareholders think it will perform better than other companies in its industry classification.
Simply Wall St - – Full articleShould You Buy Standard Motor Products, Inc. (NYSE:SMP) For Its Dividend?
On the other hand, investors have been known to buy a stock because of its yield, and then lose money if the company's dividend doesn't live up to expectations.. … With a 1.8% yield and a nine-year payment history, investors probably think Standard Motor Products looks like a reliable dividend stock. … Before you buy any stock for its dividend however, you should always remember Warren Buffett's two rules: 1) Don't lose money, and 2) Remember rule #1
Simply Wall St - – Full articleDoes Standard Motor Products, Inc.'s (NYSE:SMP) 30% Earnings Growth Make It An Outperformer?
Assessing Standard Motor Products, Inc.'s (NYSE:SMP) past track record of performance is a valuable exercise for investors. … Today I will assess SMP's recent performance announced on 31 December 2018 and evaluate these figures to its longer term trend and industry movements. … View our latest analysis for Standard Motor Products?
Simply Wall St - – Full articleHave Insiders Been Selling Standard Motor Products, Inc. (NYSE:SMP) Shares?
The Last 12 Months Of Insider Transactions At Standard Motor Products. … All up, insiders sold more shares in Standard Motor Products than they bought, over the last year. … It's not particularly great to see insiders were selling shares around current prices
Simply Wall St - – Full articleWhat Can We Make Of Standard Motor Products, Inc.’s (NYSE:SMP) High Return On Capital?
To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … What is Return On Capital Employed (ROCE)? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.
Simply Wall St - – Full articleCompany Info
Description
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.
Details
| Name: | Standard Motor Products, Inc. |
| SMP | |
| Exchange: | NYSE |
| Founded: | 1919 |
| $999,567,833 | |
| 22,356,695 | |
| Website: | http://www.smpcorp.com |
| Address: |
Standard Motor Products, Inc. 37-18 Northern Boulevard, Long Island City, New York, 11101, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | SMP | Common Stock | New York Stock Exchange | US | USD | 03. Jan 1968 | |
| DB | SRU | Common Stock | Deutsche Boerse AG | DE | EUR | 03. Jan 1968 |
Number of employees
Current staff
Industry
| Auto Parts and Equipment | |
| Automobiles |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/07/18 23:55 |
| End of day share price update: | 2019/07/18 00:00 |
| Last estimates confirmation: | 2019/07/16 |
| Last earnings filing: | 2019/05/02 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
