What is Standard Motor Products's free cash flow yield?

Standard Motor Products (SMP) reported free cash flow yield of 11.5% in Q1 2024.

What is the long-term trend for Standard Motor Products's free cash flow yield?

Over 2 years (2020 to 2023), Standard Motor Products's free cash flow yield has grown at a 21.6% compound annual growth rate (CAGR), from 9% to 13.3%.

What does free cash flow yield mean?

Trailing-twelve-month free cash flow divided by market capitalization at the quarter end. The cash return the business generates relative to its market price.

Standard Motor Products SMP Free cash flow yield

Free cash flow yield at other companies

Genuine PartsGPC

3.7%+1.6pp

Dorman ProductsDORM

2.2%-2.9pp

GenthermTHRM

9.3%+5.7pp

AptivAPTV

7.4%-5.2pp

Lear CorporationLEA

11.9%+1.8pp

Modine ManufacturingMOD

0.9%-2.3pp

Other financials

Income statement

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Revenue$451.2M+9.1%

Gross profit$139.2M+11.6%

Operating income$34.1M+39.4%

Net income$17.1M+36.4%

EPS (diluted)$0.75+33.9%

Balance sheet

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Cash & equivalents$59.2M+17.8%

Total debt$770.9M0.0%

Total equity$693.3M+8.7%

Total assets$2.0B+6.3%

Cash flow

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Operating cash flow-$41.9M+30.4%

CapEx$6.7M-26.2%

Free cash flow-$48.7M+29.8%

Valuation

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Market cap$877.84M+32.0%

Enterprise value$1.59B+14.7%

P/E19.1×-0.8×

P/S0.5×0.0×

Profitability

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Gross margin31.4%+1.7pp

Operating margin8%+2.1pp

Net margin2.5%+0.3pp

FCF margin6.2%—

Returns & leverage

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Return on equity6.9%+1.7pp

Debt / equity1.1×-0.1×

Current ratio2.2×-0.1×

Where this comes from

Calculated from Standard Motor Products’s reported figures.

free cash flow/market cap=11.5%

Based on trailing twelve months.

The official record: Standard Motor Products’s 10-Q, filed May 1, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Standard Motor Products's free cash flow yield?: Standard Motor Products (SMP) reported free cash flow yield of 11.5% in Q1 2024.
What is the long-term trend for Standard Motor Products's free cash flow yield?: Over 2 years (2020 to 2023), Standard Motor Products's free cash flow yield has grown at a 21.6% compound annual growth rate (CAGR), from 9% to 13.3%.
What does free cash flow yield mean?: Trailing-twelve-month free cash flow divided by market capitalization at the quarter end. The cash return the business generates relative to its market price.