A Business at a Glance
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STANDARD MOTOR PRODUCTS, INC.
SMP
$869M
Mkt Cap
$38.67
+1.52%
STANDARD MOTOR PRODUCTS, INC. (SMP) has a current P/E ratio of 21.0, compared to its historical median P/E of 19.0. The stock is currently considered Fair based on its historical valuation range.
STANDARD MOTOR PRODUCTS, INC. (SMP) has a 5-year average return on invested capital (ROIC) of 9.5%. This is below average and may indicate limited pricing power.
STANDARD MOTOR PRODUCTS, INC. (SMP) has a market capitalization of $926M. It is classified as a small-cap stock.
Yes, STANDARD MOTOR PRODUCTS, INC. (SMP) pays a dividend with a trailing twelve-month yield of 3.00%. The company also returns capital through share buybacks, with a buyback yield of 0.03%.
Based on historical P/E analysis, STANDARD MOTOR PRODUCTS, INC. (SMP) appears fair. The current P/E of 21.0 is 11% above its historical median of 19.0. The estimated fair value CAGR (P/E method) is -7.7%.
STANDARD MOTOR PRODUCTS, INC. (SMP) operates in the Motor Vehicle Parts & Accessories industry, within the Consumer Cyclical sector.
We are a leading manufacturer and distributor of premium replacement parts in the automotive aftermarket and a custom-engineered solutions provider to vehicle and equipment manufacturers in diverse non-aftermarket end markets. Our business is organized into four operating segments: Vehicle Control, Temperature Control, Nissens Automotive and Engineered Solutions. Nissens Automotive was created in the fourth quarter of 2024 following the completion of our acquisition of AX V Nissens III ApS (now known as SMP Nissens III ApS) and its direct and indirect subsidiaries (“Nissens Automotive”) in November 2024. Our Vehicle Control, Temperature Control and Nissens Automotive operating segments supply the automotive aftermarket with premium replacement parts in largely non-discretionary categories.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.8B | 1.8B | 1.5B | 1.4B | 1.4B | 1.3B |
| Net Income | 46M | 41M | 28M | 34M | 55M | 91M |
| EPS | $1.92 | $1.84 | $1.24 | $1.54 | $2.50 | $4.02 |
| Free Cash Flow | 39M | 19M | 33M | 116M | -53M | 60M |
| ROIC | 6.6% | 7.8% | 5.9% | 8.5% | 9.8% | 15.4% |
| Gross Margin | 31.4% | 31.2% | 28.9% | 28.6% | 27.9% | 29.0% |
| Debt/Equity | 0.95 | 1.07 | 1.11 | 0.41 | 0.46 | 0.27 |
| Dividends/Share | $1.16 | $1.24 | $1.16 | $1.16 | $1.08 | $1.00 |
| Operating Income | 146M | 137M | 81M | 93M | 104M | 129M |
| Operating Margin | 8.0% | 7.6% | 5.5% | 6.8% | 7.6% | 9.9% |
| ROE | 6.6% | 6.4% | 4.4% | 5.5% | 9.1% | 15.8% |
| Shares Outstanding | 24M | 22M | 22M | 22M | 22M | 23M |
| Metric | 2019 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 980M | 972M | 1.1B | 1.1B | 1.1B | 1.1B | 1.1B | 1.3B | 1.4B | 1.4B | 1.5B | 1.8B | 1.8B |
| Gross Margin | 29.5% | 28.9% | 30.5% | 29.3% | 28.6% | 29.2% | 29.8% | 29.0% | 27.9% | 28.6% | 28.9% | 31.2% | 31.4% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 194M | 206M | 221M | 224M | 231M | 235M | 225M | 248M | 277M | 294M | 335M | 421M | 426M |
| EBIT | 85M | 76M | 99M | 98M | 81M | 94M | 109M | 129M | 104M | 93M | 81M | 137M | 146M |
| Op. Margin | 8.7% | 7.8% | 9.3% | 8.7% | 7.4% | 8.3% | 9.6% | 9.9% | 7.6% | 6.8% | 5.5% | 7.6% | 8.0% |
| Net Income | 43M | 46M | 60M | 38M | 43M | 58M | 57M | 91M | 55M | 34M | 28M | 41M | 46M |
| Net Margin | 4.4% | 4.7% | 5.7% | 3.4% | 3.9% | 5.1% | 5.1% | 7.0% | 4.0% | 2.5% | 1.9% | 2.3% | 2.5% |
| Non-Recurring | 5.8M | 3.0M | 9.3M | 9.5M | 12M | 7.4M | -17M | -7.5M | -9.8M | -26M | -18M | -35M | 2.3M |
| Returns on Capital | |||||||||||||
| ROIC | 14.1% | 11.8% | 13.9% | 11.3% | 11.5% | 12.5% | 14.0% | 15.4% | 9.8% | 8.5% | 5.9% | 7.8% | 6.6% |
| ROE | 11.9% | 12.0% | 14.5% | 8.5% | 9.3% | 11.9% | 10.9% | 15.8% | 9.1% | 5.5% | 4.4% | 6.4% | 6.6% |
| ROA | 6.7% | 6.8% | 8.3% | 4.9% | 5.4% | 6.7% | 6.2% | 8.4% | 4.5% | 2.7% | 1.8% | 2.2% | 2.2% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 47M | 65M | 98M | 65M | 70M | 77M | 98M | 86M | -28M | 144M | 77M | 57M | 76M |
| Free Cash Flow | 33M | 47M | 77M | 40M | 50M | 61M | 80M | 60M | -53M | 116M | 33M | 19M | 39M |
| Owner Earnings | 25M | 42M | 71M | 33M | 38M | 44M | 63M | 49M | -64M | 109M | 39M | 6.1M | 22M |
| CapEx | 14M | 18M | 21M | 24M | 20M | 16M | 18M | 26M | 26M | 29M | 44M | 39M | 36M |
| Maint. CapEx | 17M | 18M | 20M | 24M | 24M | 26M | 26M | 27M | 28M | 29M | 31M | 44M | 45M |
| Growth CapEx | 0 | 410K | 464K | 526K | 0 | 0 | 0 | 0 | 0 | 0 | 13M | 0 | 0 |
| D&A | 17M | 18M | 20M | 24M | 24M | 26M | 26M | 27M | 28M | 29M | 31M | 44M | 45M |
| CapEx/OCF | 29.6% | 27.7% | 21.4% | 37.8% | 28.7% | 21.0% | 18.2% | 30.2% | N/A | 19.8% | 57.4% | 67.4% | 48.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 12M | 14M | 15M | 17M | 19M | 21M | 11M | 22M | 23M | 25M | 25M | 27M | 28M |
| Dividend Yield | 1.8% | 2.0% | 2.0% | 1.9% | 2.1% | 2.2% | 1.3% | 2.5% | 2.9% | 3.4% | 3.7% | 3.8% | 3.0% |
| Share Buybacks | 10M | 20M | 377K | 24M | 15M | 11M | 13M | 27M | 30M | 0 | 10M | 0 | 283K |
| Buyback Yield | 1.4% | 2.7% | 0.0% | 2.9% | 1.6% | 1.0% | 1.7% | 2.6% | 4.3% | N/A | 1.6% | N/A | 0.0% |
| Stock-Based Comp | 4.8M | 5.4M | 6.1M | 7.6M | 8.0M | 6.9M | 8.1M | 9.5M | 8.2M | 6.6M | 6.1M | 7.5M | 8.9M |
| Debt Repayment | 182K | 170K | 89K | 4.1M | 1.1M | 911K | 4.2M | 3.0M | 2.9M | 58K | 595K | 1.6M | 1.6M |
| Balance Sheet | |||||||||||||
| Net Debt | 43M | 29M | 35M | 101M | 82M | 128M | 13M | 138M | 259M | 230M | 636M | 706M | 599M |
| Cash & Equiv. | 14M | 19M | 20M | 17M | 11M | 10M | 19M | 22M | 21M | 33M | 44M | 28M | 59M |
| Long-Term Debt | 83K | 62K | 120K | 79K | 153K | 129K | 97K | 21K | 185M | 151M | 535M | 567M | 609M |
| Debt/Equity | 0.15 | 0.12 | 0.12 | 0.26 | 0.20 | 0.27 | 0.06 | 0.27 | 0.46 | 0.41 | 1.11 | 1.07 | 0.95 |
| Interest Coverage | 52.8 | 49.4 | 63.5 | 41.9 | 20.2 | 17.9 | 46.8 | 63.6 | 9.8 | 7.0 | 6.0 | 4.4 | 126.3 |
| Equity | 374M | 392M | 441M | 454M | 467M | 504M | 550M | 602M | 610M | 635M | 616M | 684M | 693M |
| Total Assets | 674M | 681M | 769M | 788M | 819M | 904M | 957M | 1.2B | 1.3B | 1.3B | 1.8B | 2.0B | 2.0B |
| Total Liabilities | 299M | 289M | 328M | 334M | 376M | 400M | 406M | 585M | 634M | 642M | 1.2B | 1.3B | 1.3B |
| Intangibles | 34M | 29M | 64M | 56M | 48M | 65M | 54M | 106M | 101M | 91M | 298M | 308M | 298M |
| Retained Earnings | 259M | 291M | 336M | 357M | 380M | 417M | 464M | 532M | 564M | 573M | 575M | 589M | 599M |
| Working Capital | 215M | 236M | 190M | 210M | 234M | 240M | 296M | 235M | 439M | 440M | 485M | 557M | 618M |
| Current Assets | 466M | 480M | 474M | 496M | 546M | 541M | 599M | 711M | 762M | 744M | 922M | 1.1B | 1.1B |
| Current Liabilities | 251M | 244M | 284M | 286M | 313M | 301M | 303M | 476M | 323M | 304M | 436M | 493M | 501M |
| Per Share Data | |||||||||||||
| EPS | 1.85 | 1.99 | 2.62 | 1.64 | 1.88 | 2.54 | 2.51 | 4.02 | 2.50 | 1.54 | 1.24 | 1.84 | 1.92 |
| Owner EPS | 1.07 | 1.82 | 3.09 | 1.43 | 1.67 | 1.94 | 2.78 | 2.16 | -2.89 | 4.90 | 1.77 | 0.27 | 0.91 |
| Book Value | 16.09 | 16.95 | 19.12 | 19.59 | 20.43 | 22.11 | 24.06 | 26.61 | 27.55 | 28.64 | 27.76 | 30.43 | 28.97 |
| Cash Flow/Share | 2.02 | 2.82 | 4.24 | 2.79 | 3.07 | 3.37 | 4.28 | 3.78 | -1.24 | 6.51 | 3.46 | 2.56 | 3.79 |
| Dividends/Share | 0.52 | 0.60 | 0.68 | 0.76 | 0.84 | 0.92 | 0.50 | 1.00 | 1.08 | 1.16 | 1.16 | 1.24 | 1.16 |
| Shares Out. | 23.3M | 23.1M | 23.1M | 23.2M | 22.9M | 22.8M | 22.9M | 22.6M | 22.1M | 22.2M | 22.2M | 22.5M | 23.9M |
| Valuation | |||||||||||||
| P/E Ratio | 16.3 | 15.7 | 16.2 | 22.5 | 21.3 | 17.8 | 14.2 | 11.4 | 12.4 | 24.1 | 23.9 | 20.2 | 20.2 |
| P/FCF | 21.2 | 15.3 | 12.8 | 21.2 | 18.2 | 16.9 | 10.2 | 17.3 | N/A | 7.1 | 20.1 | 44.6 | 23.5 |
| EV/EBIT | 8.6 | 9.6 | 10.2 | 9.0 | 11.6 | 11.3 | 7.2 | 8.7 | 8.5 | 9.9 | 14.0 | 9.6 | 10.4 |
| Price/Book | 1.9 | 1.8 | 2.2 | 1.9 | 2.0 | 2.0 | 1.5 | 1.7 | 1.1 | 1.3 | 1.1 | 1.2 | 1.3 |
| Price/Sales | 0.7 | 0.7 | 0.7 | 0.8 | 0.8 | 0.8 | 0.8 | 0.7 | 0.6 | 0.5 | 0.5 | 0.4 | 0.5 |
| FCF Yield | 4.7% | 6.5% | 7.8% | 4.7% | 5.5% | 5.9% | 9.8% | 5.8% | -7.8% | 14.0% | 5.0% | 2.2% | 4.3% |
| Market Cap | 700M | 721M | 982M | 853M | 915M | 1.0B | 813M | 1.0B | 687M | 824M | 658M | 836M | 926M |
| Avg. Price | 29.04 | 29.67 | 32.75 | 38.84 | 39.78 | 40.60 | 38.05 | 38.83 | 36.58 | 33.31 | 30.80 | 32.27 | 38.67 |
| Year-End Price | 30.11 | 31.16 | 42.57 | 36.84 | 39.98 | 45.14 | 35.57 | 45.79 | 31.01 | 37.17 | 29.67 | 37.19 | 38.67 |
STANDARD MOTOR PRODUCTS, INC. passes 2 of 9 quality checks, indicating weak fundamentals.
STANDARD MOTOR PRODUCTS, INC. trades at 21.0x trailing earnings, compared to its 15-year median P/E of 19.0x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 45.8x vs a median of 17.3x. The company's 5-year average ROIC is 9.5% with a gross margin of 29.1%. Total shareholder yield (dividends) is 3.0%. At current prices, the estimated annualized return to fair value is -3.7%.
STANDARD MOTOR PRODUCTS, INC. (SMP) reported annual revenue of $1.8 billion in its most recent fiscal year, based on SEC EDGAR filings.
STANDARD MOTOR PRODUCTS, INC. (SMP) has a net profit margin of 2.3%. This is a modest margin.
STANDARD MOTOR PRODUCTS, INC. (SMP) generated $19 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
STANDARD MOTOR PRODUCTS, INC. (SMP) has a debt-to-equity ratio of 1.07. This indicates moderate leverage.
STANDARD MOTOR PRODUCTS, INC. (SMP) reported earnings per share (EPS) of $1.84 in its most recent fiscal year.
STANDARD MOTOR PRODUCTS, INC. (SMP) has a return on equity (ROE) of 6.4%. This indicates moderate shareholder returns.
STANDARD MOTOR PRODUCTS, INC. (SMP) has a 5-year average gross margin of 29.1%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 16 years of financial data for STANDARD MOTOR PRODUCTS, INC. (SMP), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
STANDARD MOTOR PRODUCTS, INC. (SMP) has a book value per share of $30.43, based on its most recent annual SEC filing.