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Standard Motor Products Inc (SMP) Files 10-K for the Fiscal Year Ended on December 31, 2018

- By insider

Standard Motor Products Inc (SMP) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. Standard Motor Products Inc is a manufacturer and distributor of replacement parts for motor vehicles in the automotive aftermarket industry. The company is organized into two major operating segments: Engine Management and Temperature Control. Standard Motor Products Inc has a market cap of $1.16 billion; its shares were traded at around $51.93 with a P/E ratio of 27.79 and P/S ratio of 1.07. The dividend yield of Standard Motor Products Inc stocks is 1.65%. Standard Motor Products Inc had annual average EBITDA growth of 2.80% over the past five years.


For the last quarter Standard Motor Products Inc reported a revenue of $247.0 million, compared with the revenue of $240.0 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $1.1 billion, a decrease of 2.2% from the previous year. For the last five years Standard Motor Products Inc had an average revenue growth rate of 2.9% a year.

The reported diluted earnings per share was $1.88 for the year, an increase of 14.6% from previous year. Over the last five years Standard Motor Products Inc had an average EPS decline of 2.5% a year. The Standard Motor Products Inc had an operating margin of 7.85%, compared with the operating margin of 9.35% a year before. The 10-year historical median operating margin of Standard Motor Products Inc is 7.82%. The profitability rank of the company is 6 (out of 10).

At the end of the fiscal year, Standard Motor Products Inc has the cash and cash equivalents of $11.1 million, compared with $17.3 million in the previous year. The long term debt was $0.15 million, compared with $0.08 million in the previous year. The interest coverage to the debt is at a comfortable level of 21.3. Standard Motor Products Inc has a financial strength rank of 7 (out of 10).

At the current stock price of $51.93, Standard Motor Products Inc is traded at 39.9% premium to its historical median P/S valuation band of $37.11. The P/S ratio of the stock is 1.07, while the historical median P/S ratio is 0.78. The stock gained 5.46% during the past 12 months.

For the complete 20-year historical financial data of SMP, click here.

This article first appeared on GuruFocus.