NYSE:SMP

Stock Analysis Report

Standard Motor Products

Executive Summary

Standard Motor Products, Inc. manufactures and distributes replacement parts for motor vehicles in the automotive aftermarket industry.

Snowflake

Fundamentals

Excellent balance sheet with proven track record.

Risks

  • Standard Motor Products is covered by less than 3 analysts.

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


Market Performance


7 Day Return

-3.8%

SMP

-4.6%

US Auto Components

-0.6%

US Market


1 Year Return

-8.2%

SMP

-23.3%

US Auto Components

0.6%

US Market

SMP outperformed the Auto Components industry which returned -23.3% over the past year.

SMP underperformed the Market in United States of America which returned 0.6% over the past year.


Share holder returns

SMPIndustryMarket
7 Day-3.8%-4.6%-0.6%
30 Day5.8%7.8%2.2%
90 Day7.9%0.1%1.1%
1 Year-6.5%-8.2%-22.1%-23.3%2.9%0.6%
3 Year8.0%2.5%6.6%-5.1%44.6%35.2%
5 Year46.8%34.9%15.7%-0.3%61.9%44.2%

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

3 weeks ago | Simply Wall St

How Many Standard Motor Products, Inc. (NYSE:SMP) Shares Have Insiders Sold, In The Last Year?

Valuation

Is Standard Motor Products undervalued based on future cash flows and its price relative to the stock market?

16.39x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Standard Motor Products's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Standard Motor Products's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Standard Motor Products is good value 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

Standard Motor Products is poor value based on expected growth next year.


Price Based on Value of Assets

Standard Motor Products is overvalued based on assets compared to the US Auto Components industry average.


Next Steps

Future Growth

How is Standard Motor Products expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

14.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Standard Motor Products's revenue is expected to grow by 4.4% yearly, however this is not considered high growth (20% yearly).

Standard Motor Products's earnings are expected to grow by 14.6% yearly, however this is not considered high growth (20% yearly).

Standard Motor Products's revenue growth is positive but not above the United States of America market average.

Standard Motor Products's earnings growth is expected to exceed the United States of America market average.

Standard Motor Products's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Standard Motor Products will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Standard Motor Products performed over the past 5 years?

0.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Standard Motor Products's year on year earnings growth rate has been positive over the past 5 years.

Standard Motor Products's 1-year earnings growth exceeds its 5-year average (89.1% vs 0.1%)

Standard Motor Products's earnings growth has exceeded the US Auto Components industry average in the past year (89.1% vs 8.1%).


Return on Equity

Standard Motor Products has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Standard Motor Products used its assets more efficiently than the US Auto Components industry average last year based on Return on Assets.


Return on Capital Employed

Standard Motor Products's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Standard Motor Products's financial position?


Financial Position Analysis

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.


Debt to Equity History and Analysis

Standard Motor Products's level of debt (27.9%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has increased over the past 5 years (16.3% vs 27.9% today).

Debt is well covered by operating cash flow (34.4%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 23.5x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 4.5x debt.


Next Steps

Dividend

What is Standard Motor Products's current dividend yield, its reliability and sustainability?

1.93%

Current Dividend Yield


Dividend Yield and Payments Analysis

Standard Motor Products's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).

Standard Motor Products's dividend is below the markets top 25% of dividend payers in United States of America (3.71%).

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.


Current Payout to Shareholders

Dividends paid are well covered by earnings (3.2x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


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?

5.0yrs

Average management tenure


CEO

Eric Sills (50yo)

3.5yrs

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

Eric's remuneration is lower than average for companies of similar size in United States of America.

Eric's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

5.0yrs

Average Tenure

61.5yo

Average Age

The average tenure for the Standard Motor Products management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

9.5yrs

Average Tenure

69yo

Average Age

The tenure for the Standard Motor Products board of directors is about average.


Insider Trading

Standard Motor Products individual insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$500,20012 Sep 19
Peter Sills
EntityIndividual
Shares10,000
Max PriceUS$50.02
SellUS$66,45712 Sep 19
Dale Burks
EntityIndividual
Role
Senior Key Executive
Executive VP & Chief Commercial Officer
Shares1,331
Max PriceUS$49.93
SellUS$309,75008 Jul 19
Thomas Tesoro
EntityIndividual
Role
Head of Human Resources
Vice President of Human Resources
Shares7,000
Max PriceUS$44.25
SellUS$171,28230 May 19
Lawrence Sills
EntityIndividual
Role
Chairman of the Board
Executive Chairman
Shares3,757
Max PriceUS$45.59
SellUS$625,34424 May 19
Lawrence Sills
EntityIndividual
Role
Chairman of the Board
Executive Chairman
Shares13,713
Max PriceUS$46.42
SellUS$6,05406 May 19
Roger Widmann
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares125
Max PriceUS$48.43
SellUS$88,84806 May 19
Thomas Tesoro
EntityIndividual
Role
Head of Human Resources
Vice President of Human Resources
Shares1,851
Max PriceUS$48.00
SellUS$71,04920 Feb 19
Dale Burks
EntityIndividual
Role
Senior Key Executive
Executive VP & Chief Commercial Officer
Shares1,431
Max PriceUS$49.65
SellUS$19,76922 Oct 18
Thomas Tesoro
EntityIndividual
Role
Head of Human Resources
Vice President of Human Resources
Shares450
Max PriceUS$43.93
SellUS$44,25415 Oct 18
Eric Sills
EntityIndividual
Role
Chief Executive Officer
CEO, President & Director
Shares1,015
Max PriceUS$43.60
SellUS$40,75615 Oct 18
Dale Burks
EntityIndividual
Role
Senior Key Executive
Executive VP & Chief Commercial Officer
Shares925
Max PriceUS$44.06
SellUS$44,14015 Oct 18
Lawrence Sills
EntityIndividual
Role
Chairman of the Board
Executive Chairman
Shares1,000
Max PriceUS$44.14
SellUS$48,54315 Oct 18
Thomas Tesoro
EntityIndividual
Role
Head of Human Resources
Vice President of Human Resources
Shares1,100
Max PriceUS$44.13
SellUS$36,35815 Oct 18
Carmine Broccole
EntityIndividual
Role
Chief Legal Officer
Senior VP
Shares825
Max PriceUS$44.07
SellUS$43,65015 Oct 18
Ray Nicholas
EntityIndividual
Role
Chief Information Officer
VP of Information Technology & Chief Information Officer
Shares1,000
Max PriceUS$43.65

Ownership Breakdown


Management Team

  • Larry Sills (79yo)

    Executive Chairman

    • Tenure: 18.8yrs
    • Compensation: US$733.25k
  • Jim Burke (64yo)

    Chief Operating Officer

    • Tenure: 0.7yrs
    • Compensation: US$1.98m
  • John Gethin (70yo)

    Outside Consultant & Director

    • Tenure: 3.5yrs
    • Compensation: US$186.99k
  • William Fazio (64yo)

    Chief Accounting Officer

    • Tenure: 11.5yrs
  • Carmine Broccole (53yo)

    Senior VP

    • Tenure: 15.1yrs
    • Compensation: US$808.76k
  • Dale Burks (59yo)

    Executive VP & Chief Commercial Officer

    • Tenure: 3.5yrs
    • Compensation: US$958.19k
  • Thomas Tesoro (64yo)

    Vice President of Human Resources

    • Tenure: 13yrs
  • Ray Nicholas (55yo)

    VP of Information Technology & Chief Information Officer

    • Tenure: 6.6yrs
  • Eric Sills (50yo)

    CEO, President & Director

    • Tenure: 3.5yrs
    • Compensation: US$1.04m
  • Nathan Iles (43yo)

    Chief Financial Officer

    • Tenure: 0yrs

Board Members

  • Pamela Lieberman (65yo)

    Independent Director

    • Tenure: 12.1yrs
    • Compensation: US$194.34k
  • Roger Widmann (79yo)

    Independent Director

    • Tenure: 14.3yrs
    • Compensation: US$183.02k
  • Larry Sills (79yo)

    Executive Chairman

    • Tenure: 18.8yrs
    • Compensation: US$733.25k
  • John Gethin (70yo)

    Outside Consultant & Director

    • Tenure: 3.5yrs
    • Compensation: US$186.99k
  • Bill Turner (79yo)

    Presiding Independent Director

    • Tenure: 13.7yrs
    • Compensation: US$202.48k
  • Joseph McDonnell (68yo)

    Independent Director

    • Tenure: 6.9yrs
    • Compensation: US$172.48k
  • Richard Ward (78yo)

    Independent Director

    • Tenure: 15.2yrs
    • Compensation: US$182.48k
  • Eric Sills (50yo)

    CEO, President & Director

    • Tenure: 3.5yrs
    • Compensation: US$1.04m
  • Alisa Norris (49yo)

    Independent Director

    • Tenure: 6.9yrs
    • Compensation: US$172.48k
  • Patrick McClymont (49yo)

    Independent Director

    • Tenure: 2.6yrs
    • 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$1.063b
  • Shares outstanding: 22.32m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SMPNYSE (New York Stock Exchange)YesCommon StockUSUSDJan 1968
SRUDB (Deutsche Boerse AG)YesCommon StockDEEURJan 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 Temperatu ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/21 23:39
End of Day Share Price2019/09/20 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.