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Standard Motor Products

DB:SRU
Snowflake Description

Flawless balance sheet with proven track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SRU
DB
$926M
Market Cap
  1. Home
  2. DE
  3. Automobiles
Company description

Standard Motor Products, Inc. manufactures and distributes replacement parts for motor vehicles in the automotive aftermarket industry. The last earnings update was 46 days ago. More info.


Add to Portfolio Compare Print
  • Standard Motor Products has significant price volatility in the past 3 months.
SRU Share Price and Events
7 Day Returns
-2.7%
DB:SRU
-3.6%
DE Auto Components
-0.6%
DE Market
1 Year Returns
-21.7%
DB:SRU
-52.5%
DE Auto Components
-20.9%
DE Market
SRU Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Standard Motor Products (SRU) -2.7% 2.3% -23.6% -21.7% -19.2% -8.7%
DE Auto Components -3.6% -26.6% -44.8% -52.5% -66.5% -71.2%
DE Market -0.6% -16.6% -26% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • SRU outperformed the Auto Components industry which returned -52.5% over the past year.
  • SRU matched the Germany Market (-20.9%) over the past year.
Price Volatility
SRU
Industry
5yr Volatility vs Market

Value

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

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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Standard Motor Products.

DB:SRU Discounted Cash Flow Data Sources
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 5.6%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:SRU
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Auto Components Unlevered Beta Simply Wall St/ S&P Global 1.08
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.077 (1 + (1- 21%) (10.17%))
1.11
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.11
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.11 * 5.44%)
5.65%

Discounted Cash Flow Calculation for DB:SRU 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.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:SRU DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 5.65%)
2020 60.16 Est @ 6.93% 56.95
2021 63.01 Est @ 4.74% 56.46
2022 65.03 Est @ 3.2% 55.15
2023 66.41 Est @ 2.12% 53.31
2024 67.32 Est @ 1.37% 51.15
2025 67.89 Est @ 0.84% 48.83
2026 68.21 Est @ 0.47% 46.44
2027 68.35 Est @ 0.21% 44.05
2028 68.37 Est @ 0.03% 41.71
2029 68.31 Est @ -0.09% 39.44
Present value of next 10 years cash flows $493.00
DB:SRU DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $68.31 × (1 + -0.39%) ÷ (5.65% – -0.39%)
$1,127.32
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,127.32 ÷ (1 + 5.65%)10
$650.92
DB:SRU Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $493.00 + $650.92
$1,143.92
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,143.92 / 22.46
$50.93
DB:SRU Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:SRU represents 0.87822x of NYSE:SMP
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.87822x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 50.93 x 0.87822
€44.72
Value per share (EUR) From above. €44.72
Current discount Discount to share price of €36.20
= -1 x (€36.20 - €44.72) / €44.72
19.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Standard Motor Products is available for.
Intrinsic value
19%
Share price is €36.2 vs Future cash flow value of €44.72
Current Discount Checks
For Standard Motor Products to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Standard Motor Products's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Standard Motor Products's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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?
Raw Data
DB:SRU PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $3.09
NYSE:SMP Share Price ** NYSE (2020-04-06) in USD $41.22
Germany Auto Components Industry PE Ratio Median Figure of 9 Publicly-Listed Auto Components Companies 11.43x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.45x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Standard Motor Products.

DB:SRU PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:SMP Share Price ÷ EPS (both in USD)

= 41.22 ÷ 3.09

13.36x

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 DE Auto Components industry average.
  • Standard Motor Products is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Standard Motor Products's expected growth come at a high price?
Raw Data
DB:SRU PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.36x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
9.7%per year
Germany Auto Components Industry PEG Ratio Median Figure of 7 Publicly-Listed Auto Components Companies 0.49x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.16x

*Line of best fit is calculated by linear regression .

DB:SRU PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.36x ÷ 9.7%

1.37x

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?
Raw Data
DB:SRU PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $22.45
NYSE:SMP Share Price * NYSE (2020-04-06) in USD $41.22
Germany Auto Components Industry PB Ratio Median Figure of 13 Publicly-Listed Auto Components Companies 0.69x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:SRU PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:SMP Share Price ÷ Book Value per Share (both in USD)

= 41.22 ÷ 22.45

1.84x

* 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 DE Auto Components industry average.
X
Value checks
We assess Standard Motor Products's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Auto Components industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Auto Components industry average (and greater than 0)? (1 check)
  5. 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

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

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!
Annual Growth Rate
9.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Standard Motor Products expected to grow at an attractive rate?
  • Standard Motor Products's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Standard Motor Products's earnings growth is positive but not above the Germany market average.
  • Standard Motor Products's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:SRU Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:SRU Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 9.7%
DB:SRU Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 2.5%
Germany Auto Components Industry Earnings Growth Rate Market Cap Weighted Average 48.7%
Germany Auto Components Industry Revenue Growth Rate Market Cap Weighted Average 2.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 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
Raw Data
DB:SRU Analysts Growth Expectations Data Sources
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 numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:SRU Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 1,196 84 3
2020-12-31 1,162 78 3
2020-04-06
DB:SRU Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 1,138 77 69
2019-09-30 1,144 46 68
2019-06-30 1,133 47 65
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

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Standard Motor Products's earnings are expected to grow by 9.7% yearly, however this is not considered high growth (20% yearly).
  • Standard Motor Products's revenue is expected to grow by 2.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:SRU 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.

DB:SRU Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 3.72 3.72 3.72 1.00
2020-12-31 3.47 3.47 3.47 1.00
2020-04-06
DB:SRU Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 3.09
2019-09-30 3.06
2019-06-30 2.91
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

*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.
X
Future performance checks
We assess Standard Motor Products's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
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
Below we compare Standard Motor Products's growth in the last year to its industry (Auto Components).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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 (21.5% vs 2.4%)
  • Standard Motor Products's earnings growth has exceeded the DE Auto Components industry average in the past year (21.5% vs -29.1%).
Earnings and Revenue History
Standard Motor Products's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Standard Motor Products Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:SRU Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 1,137.91 69.05 234.69
2019-09-30 1,143.63 68.47 211.55
2019-06-30 1,132.53 65.09 211.34
2019-03-31 1,113.99 61.36 208.66
2018-12-31 1,092.05 56.85 231.07
2018-09-30 1,085.06 36.59 221.95
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 43.63 223.58
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

*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 DE 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).
X
Past performance checks
We assess Standard Motor Products's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Auto Components industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Standard Motor Products has a total score of 4/6, 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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of Standard Motor Products's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 9.6x 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.
Raw Data

All data from Standard Motor Products Company Filings, last reported 3 months ago.

DB:SRU Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 504.23 57.05 10.37
2019-09-30 494.05 83.57 13.26
2019-06-30 485.27 135.24 17.42
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
  • Standard Motor Products's level of debt (11.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (15.2% vs 11.3% today).
  • Debt is well covered by operating cash flow (134.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 18.7x coverage).
X
Financial health checks
We assess Standard Motor Products's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Standard Motor Products has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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
Dividend payments
2.43%
Current annual income from Standard Motor Products dividends.
If you bought €2,000 of Standard Motor Products shares you are expected to receive €49 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Standard Motor Products's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.69%).
  • Standard Motor Products's dividend is below the markets top 25% of dividend payers in Germany (4.85%).
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.
Raw Data
DB:SRU Annualized Past and Future Dividends
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
Germany Auto Components Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 6.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 315 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:SRU Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2020-04-06
DB:SRU Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-01-31 1.000 2.290
2019-10-31 0.920 1.763
2019-10-30 0.920 1.735
2019-07-30 0.920 1.967
2019-07-25 0.920 1.965
2019-05-02 0.920 2.027
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

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Standard Motor Products's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.3x 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.
X
Income/ dividend checks
We assess Standard Motor Products's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. 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)
  7. Standard Motor Products has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Standard Motor Products's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Eric Sills
COMPENSATION $1,044,357
AGE 50
TENURE AS CEO 4.1 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 about average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Standard Motor Products management team in years:

4.1
Average Tenure
61.5
Average Age
  • The tenure for the Standard Motor Products management team is about average.
Management Team

Larry Sills

TITLE
Executive Chairman
COMPENSATION
$733K
AGE
79

Eric Sills

TITLE
CEO, President & Director
COMPENSATION
$1M
AGE
50
TENURE
4.1 yrs

Jim Burke

TITLE
Chief Operating Officer
COMPENSATION
$2M
AGE
64
TENURE
1.3 yrs

Carmine Broccole

TITLE
Senior VP
COMPENSATION
$809K
AGE
53
TENURE
15.7 yrs

Dale Burks

TITLE
Executive VP & Chief Commercial Officer
COMPENSATION
$958K
AGE
59
TENURE
4.1 yrs

John Gethin

TITLE
Outside Consultant & Director
COMPENSATION
$187K
AGE
70
TENURE
4.1 yrs

Nathan Iles

TITLE
Chief Financial Officer
AGE
43
TENURE
0.6 yrs

William Fazio

TITLE
Chief Accounting Officer
AGE
64
TENURE
12.1 yrs

Ray Nicholas

TITLE
VP of Information Technology & Chief Information Officer
AGE
55
TENURE
7.2 yrs

Thomas Tesoro

TITLE
Senior Vice President of Human Resources
AGE
64
TENURE
13.6 yrs
Board of Directors Tenure

Average tenure and age of the Standard Motor Products board of directors in years:

10.1
Average Tenure
69
Average Age
  • The average tenure for the Standard Motor Products board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Larry Sills

TITLE
Executive Chairman
COMPENSATION
$733K
AGE
79
TENURE
19.3 yrs

Eric Sills

TITLE
CEO, President & Director
COMPENSATION
$1M
AGE
50
TENURE
4.1 yrs

John Gethin

TITLE
Outside Consultant & Director
COMPENSATION
$187K
AGE
70
TENURE
4.1 yrs

Bill Turner

TITLE
Presiding Independent Director
COMPENSATION
$202K
AGE
79
TENURE
14.3 yrs

Richard Ward

TITLE
Independent Director
COMPENSATION
$182K
AGE
78
TENURE
15.8 yrs

Roger Widmann

TITLE
Independent Director
COMPENSATION
$183K
AGE
79
TENURE
14.9 yrs

Pamela Lieberman

TITLE
Independent Director
COMPENSATION
$194K
AGE
65
TENURE
12.7 yrs

Alisa Norris

TITLE
Independent Director
COMPENSATION
$172K
AGE
49
TENURE
7.5 yrs

Joseph McDonnell

TITLE
Independent Director
COMPENSATION
$172K
AGE
68
TENURE
7.5 yrs

Patrick McClymont

TITLE
Independent Director
COMPENSATION
$172K
AGE
49
TENURE
3.2 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 (€)
09. Mar 20 Sell Dale Burks Individual 09. Mar 20 09. Mar 20 -4,164 €34.99 €-145,707
26. Feb 20 Sell Thomas Tesoro Individual 24. Feb 20 24. Feb 20 -310 €44.50 €-13,795
13. Dec 19 Sell John Gethin Individual 13. Dec 19 13. Dec 19 -2,000 €46.61 €-93,226
20. Nov 19 Sell Lawrence Sills Individual 19. Nov 19 19. Nov 19 -15,000 €46.51 €-697,587
15. Nov 19 Sell Lawrence Sills Individual 14. Nov 19 14. Nov 19 -8,099 €47.53 €-384,945
12. Nov 19 Sell Eric Sills Individual 11. Nov 19 11. Nov 19 -3,612 €49.34 €-178,219
04. Nov 19 Sell Arthur Sills Individual 01. Nov 19 01. Nov 19 -10,000 €47.06 €-470,638
22. Oct 19 Sell Lawrence Sills Individual 21. Oct 19 21. Oct 19 -1,490 €44.55 €-66,376
22. Oct 19 Sell Thomas Tesoro Individual 21. Oct 19 21. Oct 19 -865 €44.57 €-38,549
22. Oct 19 Sell Ray Nicholas Individual 21. Oct 19 21. Oct 19 -767 €44.41 €-34,065
22. Oct 19 Sell Carmine Broccole Individual 21. Oct 19 21. Oct 19 -707 €44.13 €-31,203
22. Oct 19 Sell Dale Burks Individual 21. Oct 19 21. Oct 19 -1,230 €44.24 €-54,419
22. Oct 19 Sell James Burke Individual 21. Oct 19 21. Oct 19 -600 €44.46 €-26,675
22. Oct 19 Sell Eric Sills Individual 21. Oct 19 21. Oct 19 -1,358 €44.08 €-59,862
15. Oct 19 Sell Thomas Tesoro Individual 14. Oct 19 14. Oct 19 -725 €43.12 €-31,262
12. Sep 19 Sell Peter Sills Individual 11. Sep 19 11. Sep 19 -10,000 €45.49 €-454,882
12. Sep 19 Sell Dale Burks Individual 11. Sep 19 11. Sep 19 -1,331 €45.41 €-60,436
08. Jul 19 Sell Thomas Tesoro Individual 05. Jul 19 05. Jul 19 -7,000 €39.47 €-276,266
30. May 19 Sell Lawrence Sills Individual 28. May 19 28. May 19 -3,757 €40.79 €-153,263
24. May 19 Sell Lawrence Sills Individual 22. May 19 24. May 19 -13,713 €41.42 €-557,932
06. May 19 Sell Thomas Tesoro Individual 02. May 19 02. May 19 -1,851 €42.93 €-79,466
06. May 19 Sell Roger Widmann Individual 02. May 19 02. May 19 -125 €43.32 €-5,414
X
Management checks
We assess Standard Motor Products's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 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

Company Info

Description

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, electrical, emissions, fuel and safety-related systems of motor vehicles under the Standard, SMP Blue Streak, Intermotor, Standard Diesel, BWD Select, BWD, OEM, TechSmart, Tech Expert, GP Sorensen, LockSmart, and Pollak brand names, as well as under private labels comprising NAPA Echlin and NAPA Belden. This segment’s products include electronic ignition control modules, new and remanufactured diesel injectors and pumps, ignition wires, coils, switches, relays, EGR valves, distributor caps and rotors, sensors, electronic throttle bodies, variable valve timing components, safety-related components, tire pressure monitoring sensors and park assist sensors, and other engine management components. 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 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.
SRU
Exchange: DB
Founded: 1919
$858,216,523
22,462,392
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
Staff numbers
4,200
Standard Motor Products employees.
Industry
Auto Parts and Equipment
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 23:43
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2020/03/20
Last earnings filing: 2020/02/20
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.