SMP
STANDARD MOTOR PRODUCTS, INC.
Next earnings Aug 3, 2026 · consensus $1.41 EPS, $517M rev
Last earnings +1.3% on 2026-04-30
$37.93
▼ -2.77%$37.93▲ +26.31%
over 1Y
L $29.40H $44.42
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today-2.8%
1W-4.6%
1M-2.5%
3M+7.6%
YTD+4.0%
1Y+26.3%
Hold
Conviction
Horizon
Medium (3–12mo)
12-mo target
$•••
Street · 7 analysts
Buy
Nissens-driven scale lifts margins, but customer concentration, tariffs and weak ROE keep this a fair-price hold at 21.8x.
Revenue $1.79B · FY2025
The read
Middling fundamentals offset by an attractive price (~72% below fair value) — worth a look on the value angle.
SMP's FY2025 print is the strongest in years on the surface: revenue jumped 22.4% to $1.79B, gross margin expanded 230bps to 31.2%, operating margin hit 7.6% (vs 5.5%) and diluted EPS rose 48.4% to $1.84. But the MD&A is explicit that $269.6M of the $327.3M revenue uplift simply reflects a full year of the Nissens Automotive acquisition (closed Nov 2024) versus two months in 2024 — this is M&A optics, not organic acceleration. Engineered Solutions actually saw lower demand due to 'cyclical softness across global end markets,' and the legacy aftermarket is described only as 'stable.'
Balance-sheet and returns quality temper the enthusiasm. Long-term debt of $567M plus $52M current portion against $44.4M cash and only $684M equity leaves liabilities/equity at 1.90x, and current debt nearly doubled YoY (+91.7%). ROE of just 6.0% and a net margin of 2.3% are mediocre — net income at $41.3M is still well below the $90.9M earned in FY2021 on $1.30B of revenue, meaning the business is generating less profit on materially more sales. Operating cash flow fell 25.1% to $57.4M while capex was $38.7M and dividends $27.3M, leaving thin free-cash-flow cushion and no buybacks in 2025 (vs prior year).
Is SMP a buy? The one-page verdict, explained →
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $1.30B | $1.37B | $1.36B | $1.46B | $1.79B |
| Gross profit | $377M | $383M | $389M | $423M | $559M |
| Operating income | $129M | $104M | $92.7M | $80.6M | $137M |
| Net income | $90.9M | $55.4M | $34.1M | $27.5M | $41.3M |
| Diluted EPS | $4.02 | $2.50 | $1.54 | $1.24 | $1.84 |
| Net margin | 7.0% | 4.0% | 2.5% | 1.9% | 2.3% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$1.42B
EV / EBITDA7.9
EV / Sales0.8
EV / FCF75.8
P / FCF45.1
PEG (trailing)0.41
Earnings yield4.9%
FCF yield2.2%
Quality & risk
ROIC (est.)8.3%
Free cash flow$18.7M
Total debt$619M
Net cash-$574M
Altman Z-Score2.26 grey
Piotroski F-Score8/9
Capital returns
Buyback yield0.0%
Dividend yield (est.)3.2%
Shareholder yield3.2%
Shares Δ YoY+1.3%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRecent disclosure tone has been improving.
- 8-K Shareholder vote2026-05-22
Annual meeting vote results filed; directors elected, routine proposals passed.
- 8-K Officer / director change2026-05-12
Officer/director change disclosed under Item 5.02 — leadership transition.
- 8-K Earnings results2026-04-30
Q1 2026 10-Q filed; tariff-mitigation pricing holding margins, demand stable.
- 10-Q Quarterly report2026-04-30
Q1 2026 10-Q filed; tariff-mitigation pricing holding margins, demand stable.
- DEF 14A Proxy statement2026-04-21
Proxy filed for 2026 annual meeting — director slate, comp, auditor ratification.
- 8-K Earnings results2026-02-26
FY2025 10-K: GM 31.2%, op income +69%, discontinued ops $-37.7M, customer concentration risk.
- 10-K Annual report2026-02-26
FY2025 10-K: GM 31.2%, op income +69%, discontinued ops $-37.7M, customer concentration risk.
- 8-K Other event2026-02-02
Other event disclosure (Item 8.01) — likely dividend or routine corporate update.
- 8-K Earnings results2025-10-31
Q3 2025: full quarter Nissens lift; cost-savings and pricing offsetting tariffs.
Recent filings
all on EDGAR ↗4Period ending 2026-06-082026-06-09open ↗144Filing2026-06-08open ↗4Period ending 2026-06-012026-06-03open ↗4Period ending 2026-06-012026-06-02open ↗3Period ending 2026-06-012026-06-02open ↗144Filing2026-06-01open ↗SDFiling2026-05-29open ↗4Period ending 2026-05-212026-05-22open ↗4Period ending 2026-05-212026-05-22open ↗4Period ending 2026-05-212026-05-22open ↗4Period ending 2026-05-212026-05-22open ↗4Period ending 2026-05-212026-05-22open ↗
Frequently asked
- Is STANDARD MOTOR PRODUCTS, INC. (SMP) a buy?
- SMP currently carries a Hold rating with 3/5 conviction, derived from its latest SEC filings. Nissens-driven scale lifts margins, but customer concentration, tariffs and weak ROE keep this a fair-price hold at 21.8x.
- What is SMP's fair value?
- A Modified-Graham model based on SMP's SEC fundamentals estimates a fair value of about $65.29. It is an estimate from reported earnings, not a price target.
- Is SMP overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, SMP currently appears undervalued relative to its SEC-grounded earnings power.
- What is STANDARD MOTOR PRODUCTS, INC.'s quality score?
- SMP scores 70.79627825015834/100 (grade B) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0000093389, latest 10-Q filed 2026-04-30) · EODHD · Proprietary analysis · as of 6/25/2026, 2:45:02 PM.
About this recommendation — produced by TENK/calls (tenkcalls.com), Luxembourg · not investment advice
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jun 25, 2026, 10:45 AM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
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