(SMP) Standard Motor Products - Overview
Stock: Ignition, Sensors, Air-Conditioning, Electronics, Thermal
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 3.70% |
| Yield on Cost 5y | 3.25% |
| Yield CAGR 5y | 5.53% |
| Payout Consistency | 90.6% |
| Payout Ratio | 35.8% |
| Risk 5d forecast | |
|---|---|
| Volatility | 31.1% |
| Relative Tail Risk | -10.4% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.17 |
| Alpha | 33.85 |
| Character TTM | |
|---|---|
| Beta | 0.755 |
| Beta Downside | 0.776 |
| Drawdowns 3y | |
|---|---|
| Max DD | 44.82% |
| CAGR/Max DD | 0.14 |
Description: SMP Standard Motor Products January 27, 2026
Standard Motor Products, Inc. (NYSE:SMP) designs, manufactures, and distributes a broad portfolio of replacement automotive parts for both passenger and commercial vehicles. The business is organized into four reporting segments-Vehicle Control, Temperature Control, Nissens Automotive, and Engineered Solutions-covering ignition and fuel-delivery systems, sensors and electronic switches, thermal-management components, and related hardware for a range of end-markets from aftermarket retailers to OEM service-part manufacturers.
In its most recent fiscal year (2023), SMP reported net revenue of approximately **$2.0 billion**, a **3.2%** year-over-year increase driven primarily by higher aftermarket demand and modest pricing gains. Adjusted earnings per share rose to **$0.58**, and the company’s adjusted operating margin expanded to **7.5%**, reflecting improved cost-control amid lingering supply-chain constraints. As of the latest quarter, the firm’s free cash flow conversion stood at **85%** of earnings, supporting its ongoing share-repurchase program.
Key macro and sector drivers that underpin SMP’s outlook include: (1) the aging U.S. vehicle fleet-now averaging **12.1 years**, which sustains strong replacement-part demand; (2) a gradual shift toward electrified powertrains, prompting SMP’s **Nissens Automotive** segment to invest in high-voltage battery cooling and electric-water-pump technologies, a market expected to grow at **~8% CAGR** through 2028; and (3) broader inflationary pressure on raw-material costs, which has compressed margins industry-wide but is being mitigated by SMP’s diversified supplier base and strategic pricing initiatives.
For a deeper quantitative assessment of SMP’s valuation and risk profile, the ValueRay platform provides a concise, data-driven dashboard worth reviewing.
Piotroski VR‑10 (Strict, 0-10) 3.5
| Net Income: 69.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA -1.10 > 1.0 |
| NWC/Revenue: 30.27% < 20% (prev 31.23%; Δ -0.95% < -1%) |
| CFO/TA 0.04 > 3% & CFO 84.2m > Net Income 69.0m |
| Net Debt (620.1m) to EBITDA (166.5m): 3.73 < 3 |
| Current Ratio: 1.96 > 1.5 & < 3 |
| Outstanding Shares: last quarter (22.6m) vs 12m ago 1.88% < -2% |
| Gross Margin: 29.79% > 18% (prev 0.28%; Δ 2951 % > 0.5%) |
| Asset Turnover: 103.6% > 50% (prev 104.5%; Δ -0.92% > 0%) |
| Interest Coverage Ratio: 4.57 > 6 (EBITDA TTM 166.5m / Interest Expense TTM 27.3m) |
Altman Z'' 3.67
| A: 0.26 (Total Current Assets 1.08b - Total Current Liabilities 554.1m) / Total Assets 2.03b |
| B: 0.29 (Retained Earnings 588.5m / Total Assets 2.03b) |
| C: 0.07 (EBIT TTM 124.7m / Avg Total Assets 1.69b) |
| D: 0.49 (Book Value of Equity 650.9m / Total Liabilities 1.34b) |
| Altman-Z'' Score: 3.67 = AA |
Beneish M -2.63
| DSRI: 1.10 (Receivables 296.2m/217.1m, Revenue 1.75b/1.41b) |
| GMI: 0.94 (GM 29.79% / 27.96%) |
| AQI: 1.34 (AQ_t 0.32 / AQ_t-1 0.24) |
| SGI: 1.24 (Revenue 1.75b / 1.41b) |
| TATA: -0.01 (NI 69.0m - CFO 84.2m) / TA 2.03b) |
| Beneish M-Score: -2.63 (Cap -4..+1) = A |
What is the price of SMP shares?
Over the past week, the price has changed by +10.52%, over one month by +15.43%, over three months by +18.77% and over the past year by +47.09%.
Is SMP a buy, sell or hold?
- StrongBuy: 1
- Buy: 1
- Hold: 0
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the SMP price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 47 | 6.5% |
| Analysts Target Price | 47 | 6.5% |
| ValueRay Target Price | 51.6 | 16.8% |
SMP Fundamental Data Overview February 05, 2026
P/E Forward = 9.6993
P/S = 0.5341
P/B = 1.3737
P/EG = 2.34
Revenue TTM = 1.75b USD
EBIT TTM = 124.7m USD
EBITDA TTM = 166.5m USD
Long Term Debt = 538.6m USD (from longTermDebt, last quarter)
Short Term Debt = 72.4m USD (from shortTermDebt, last quarter)
Debt = 707.3m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 620.1m USD (from netDebt column, last quarter)
Enterprise Value = 1.55b USD (934.3m + Debt 707.3m - CCE 87.2m)
Interest Coverage Ratio = 4.57 (Ebit TTM 124.7m / Interest Expense TTM 27.3m)
EV/FCF = 34.57x (Enterprise Value 1.55b / FCF TTM 45.0m)
FCF Yield = 2.89% (FCF TTM 45.0m / Enterprise Value 1.55b)
FCF Margin = 2.57% (FCF TTM 45.0m / Revenue TTM 1.75b)
Net Margin = 3.95% (Net Income TTM 69.0m / Revenue TTM 1.75b)
Gross Margin = 29.79% ((Revenue TTM 1.75b - Cost of Revenue TTM 1.23b) / Revenue TTM)
Gross Margin QoQ = 31.49% (prev 29.62%)
Tobins Q-Ratio = 0.77 (Enterprise Value 1.55b / Total Assets 2.03b)
Interest Expense / Debt = 0.99% (Interest Expense 7.02m / Debt 707.3m)
Taxrate = 28.53% (12.0m / 42.0m)
NOPAT = 89.1m (EBIT 124.7m * (1 - 28.53%))
Current Ratio = 1.96 (Total Current Assets 1.08b / Total Current Liabilities 554.1m)
Debt / Equity = 1.04 (Debt 707.3m / totalStockholderEquity, last quarter 677.4m)
Debt / EBITDA = 3.73 (Net Debt 620.1m / EBITDA 166.5m)
Debt / FCF = 13.79 (Net Debt 620.1m / FCF TTM 45.0m)
Total Stockholder Equity = 654.9m (last 4 quarters mean from totalStockholderEquity)
RoA = 4.09% (Net Income 69.0m / Total Assets 2.03b)
RoE = 10.54% (Net Income TTM 69.0m / Total Stockholder Equity 654.9m)
RoCE = 10.44% (EBIT 124.7m / Capital Employed (Equity 654.9m + L.T.Debt 538.6m))
RoIC = 7.03% (NOPAT 89.1m / Invested Capital 1.27b)
WACC = 5.26% (E(934.3m)/V(1.64b) * Re(8.70%) + D(707.3m)/V(1.64b) * Rd(0.99%) * (1-Tc(0.29)))
Discount Rate = 8.70% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 0.58%
[DCF Debug] Terminal Value 80.82% ; FCFF base≈44.9m ; Y1≈29.5m ; Y5≈13.4m
Fair Price DCF = N/A (negative equity: EV 428.4m - Net Debt 620.1m = -191.7m; debt exceeds intrinsic value)
EPS Correlation: -13.08 | EPS CAGR: -47.81% | SUE: -2.35 | # QB: 0
Revenue Correlation: 68.68 | Revenue CAGR: 13.54% | SUE: -0.19 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.83 | Chg30d=+0.015 | Revisions Net=+1 | Analysts=3
EPS next Year (2026-12-31): EPS=4.28 | Chg30d=-0.042 | Revisions Net=+2 | Growth EPS=+8.2% | Growth Revenue=+3.8%