Intrinsic value of Standard Motor Products - SMP

Previous Close

$44.21

  Intrinsic Value

$162.91

stock screener

  Rating & Target

str. buy

+268%

  Value-price divergence*

+2%

Previous close

$44.21

 
Intrinsic value

$162.91

 
Up/down potential

+268%

 
Rating

str. buy

 
Value-price divergence*

+2%

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of SMP stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2016), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 1.0

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  8.85
  18.00
  16.70
  15.53
  14.48
  13.53
  12.68
  11.91
  11.22
  10.60
  10.04
  9.53
  9.08
  8.67
  8.30
  7.97
  7.68
  7.41
  7.17
  6.95
  6.76
  6.58
  6.42
  6.28
  6.15
  6.04
  5.93
  5.84
  5.76
  5.68
  5.61
Revenue, $m
  1,058
  1,248
  1,457
  1,683
  1,927
  2,188
  2,465
  2,758
  3,068
  3,393
  3,733
  4,089
  4,461
  4,847
  5,250
  5,669
  6,104
  6,556
  7,026
  7,514
  8,022
  8,550
  9,099
  9,670
  10,265
  10,885
  11,531
  12,204
  12,907
  13,640
  14,405
Variable operating expenses, $m
 
  928
  1,081
  1,248
  1,428
  1,620
  1,825
  2,041
  2,270
  2,510
  2,761
  3,017
  3,290
  3,576
  3,873
  4,182
  4,503
  4,836
  5,183
  5,543
  5,918
  6,307
  6,712
  7,134
  7,572
  8,030
  8,506
  9,003
  9,521
  10,062
  10,626
Fixed operating expenses, $m
 
  181
  186
  191
  195
  200
  205
  210
  216
  221
  227
  232
  238
  244
  250
  256
  263
  269
  276
  283
  290
  297
  305
  312
  320
  328
  336
  345
  353
  362
  371
Total operating expenses, $m
  960
  1,109
  1,267
  1,439
  1,623
  1,820
  2,030
  2,251
  2,486
  2,731
  2,988
  3,249
  3,528
  3,820
  4,123
  4,438
  4,766
  5,105
  5,459
  5,826
  6,208
  6,604
  7,017
  7,446
  7,892
  8,358
  8,842
  9,348
  9,874
  10,424
  10,997
Operating income, $m
  98
  139
  190
  244
  303
  367
  435
  507
  582
  662
  746
  841
  932
  1,028
  1,127
  1,231
  1,338
  1,451
  1,567
  1,688
  1,814
  1,946
  2,082
  2,225
  2,373
  2,527
  2,689
  2,857
  3,032
  3,216
  3,408
EBITDA, $m
  118
  160
  213
  270
  332
  398
  469
  544
  624
  707
  795
  887
  983
  1,082
  1,186
  1,295
  1,407
  1,525
  1,646
  1,773
  1,905
  2,042
  2,185
  2,334
  2,489
  2,650
  2,819
  2,995
  3,178
  3,370
  3,571
Interest expense (income), $m
  1
  1
  3
  5
  8
  10
  13
  16
  19
  22
  25
  28
  32
  36
  40
  44
  48
  53
  57
  62
  67
  72
  77
  83
  89
  95
  101
  108
  115
  122
  129
Earnings before tax, $m
  99
  138
  186
  239
  296
  357
  422
  491
  564
  641
  721
  812
  900
  992
  1,087
  1,187
  1,290
  1,398
  1,510
  1,626
  1,747
  1,874
  2,005
  2,141
  2,284
  2,432
  2,587
  2,749
  2,918
  3,094
  3,278
Tax expense, $m
  37
  37
  50
  65
  80
  96
  114
  133
  152
  173
  195
  219
  243
  268
  294
  320
  348
  377
  408
  439
  472
  506
  541
  578
  617
  657
  699
  742
  788
  835
  885
Net income, $m
  60
  101
  136
  174
  216
  260
  308
  358
  412
  468
  526
  593
  657
  724
  794
  866
  942
  1,020
  1,102
  1,187
  1,276
  1,368
  1,463
  1,563
  1,667
  1,776
  1,889
  2,007
  2,130
  2,259
  2,393

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  20
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  769
  884
  1,031
  1,191
  1,364
  1,548
  1,744
  1,952
  2,171
  2,401
  2,642
  2,894
  3,157
  3,431
  3,715
  4,012
  4,320
  4,640
  4,972
  5,318
  5,677
  6,051
  6,439
  6,844
  7,265
  7,704
  8,161
  8,637
  9,134
  9,653
  10,195
Adjusted assets (=assets-cash), $m
  749
  884
  1,031
  1,191
  1,364
  1,548
  1,744
  1,952
  2,171
  2,401
  2,642
  2,894
  3,157
  3,431
  3,715
  4,012
  4,320
  4,640
  4,972
  5,318
  5,677
  6,051
  6,439
  6,844
  7,265
  7,704
  8,161
  8,637
  9,134
  9,653
  10,195
Revenue / Adjusted assets
  1.413
  1.412
  1.413
  1.413
  1.413
  1.413
  1.413
  1.413
  1.413
  1.413
  1.413
  1.413
  1.413
  1.413
  1.413
  1.413
  1.413
  1.413
  1.413
  1.413
  1.413
  1.413
  1.413
  1.413
  1.413
  1.413
  1.413
  1.413
  1.413
  1.413
  1.413
Average production assets, $m
  120
  141
  165
  190
  218
  247
  279
  312
  347
  383
  422
  462
  504
  548
  593
  641
  690
  741
  794
  849
  906
  966
  1,028
  1,093
  1,160
  1,230
  1,303
  1,379
  1,458
  1,541
  1,628
Working capital, $m
  190
  266
  310
  359
  410
  466
  525
  588
  653
  723
  795
  871
  950
  1,033
  1,118
  1,207
  1,300
  1,396
  1,497
  1,601
  1,709
  1,821
  1,938
  2,060
  2,187
  2,319
  2,456
  2,600
  2,749
  2,905
  3,068
Total debt, $m
  55
  90
  151
  217
  287
  363
  444
  529
  619
  714
  813
  916
  1,024
  1,137
  1,254
  1,376
  1,502
  1,634
  1,771
  1,913
  2,060
  2,214
  2,374
  2,540
  2,713
  2,893
  3,081
  3,277
  3,481
  3,694
  3,917
Total liabilities, $m
  328
  363
  424
  490
  560
  636
  717
  802
  892
  987
  1,086
  1,189
  1,297
  1,410
  1,527
  1,649
  1,775
  1,907
  2,044
  2,186
  2,333
  2,487
  2,647
  2,813
  2,986
  3,166
  3,354
  3,550
  3,754
  3,967
  4,190
Total equity, $m
  441
  520
  607
  702
  803
  912
  1,027
  1,150
  1,279
  1,414
  1,556
  1,705
  1,859
  2,021
  2,188
  2,363
  2,544
  2,733
  2,929
  3,132
  3,344
  3,564
  3,793
  4,031
  4,279
  4,537
  4,807
  5,087
  5,380
  5,686
  6,005
Total liabilities and equity, $m
  769
  883
  1,031
  1,192
  1,363
  1,548
  1,744
  1,952
  2,171
  2,401
  2,642
  2,894
  3,156
  3,431
  3,715
  4,012
  4,319
  4,640
  4,973
  5,318
  5,677
  6,051
  6,440
  6,844
  7,265
  7,703
  8,161
  8,637
  9,134
  9,653
  10,195
Debt-to-equity ratio
  0.125
  0.170
  0.250
  0.310
  0.360
  0.400
  0.430
  0.460
  0.480
  0.500
  0.520
  0.540
  0.550
  0.560
  0.570
  0.580
  0.590
  0.600
  0.600
  0.610
  0.620
  0.620
  0.630
  0.630
  0.630
  0.640
  0.640
  0.640
  0.650
  0.650
  0.650
Adjusted equity ratio
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589
  0.589

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  60
  101
  136
  174
  216
  260
  308
  358
  412
  468
  526
  593
  657
  724
  794
  866
  942
  1,020
  1,102
  1,187
  1,276
  1,368
  1,463
  1,563
  1,667
  1,776
  1,889
  2,007
  2,130
  2,259
  2,393
Depreciation, amort., depletion, $m
  20
  21
  23
  26
  28
  31
  35
  38
  41
  45
  49
  46
  50
  55
  59
  64
  69
  74
  79
  85
  91
  97
  103
  109
  116
  123
  130
  138
  146
  154
  163
Funds from operations, $m
  103
  122
  159
  200
  244
  292
  343
  396
  453
  513
  575
  639
  707
  779
  853
  930
  1,011
  1,095
  1,182
  1,272
  1,366
  1,464
  1,566
  1,673
  1,783
  1,899
  2,019
  2,145
  2,276
  2,413
  2,556
Change in working capital, $m
  5
  41
  44
  48
  52
  56
  59
  63
  66
  69
  73
  76
  79
  82
  86
  89
  93
  96
  100
  104
  108
  112
  117
  122
  127
  132
  138
  143
  150
  156
  163
Cash from operations, $m
  98
  81
  115
  152
  193
  236
  283
  334
  387
  443
  503
  563
  628
  696
  767
  841
  918
  998
  1,082
  1,168
  1,258
  1,352
  1,449
  1,551
  1,657
  1,767
  1,881
  2,001
  2,126
  2,257
  2,393
Maintenance CAPEX, $m
  0
  -12
  -14
  -16
  -19
  -22
  -25
  -28
  -31
  -35
  -38
  -42
  -46
  -50
  -55
  -59
  -64
  -69
  -74
  -79
  -85
  -91
  -97
  -103
  -109
  -116
  -123
  -130
  -138
  -146
  -154
New CAPEX, $m
  -21
  -21
  -24
  -26
  -28
  -29
  -31
  -33
  -35
  -37
  -38
  -40
  -42
  -44
  -45
  -47
  -49
  -51
  -53
  -55
  -57
  -60
  -62
  -65
  -67
  -70
  -73
  -76
  -79
  -83
  -87
Cash from investing activities, $m
  -88
  -33
  -38
  -42
  -47
  -51
  -56
  -61
  -66
  -72
  -76
  -82
  -88
  -94
  -100
  -106
  -113
  -120
  -127
  -134
  -142
  -151
  -159
  -168
  -176
  -186
  -196
  -206
  -217
  -229
  -241
Free cash flow, $m
  10
  48
  77
  110
  146
  185
  227
  273
  321
  372
  426
  481
  540
  602
  667
  735
  805
  878
  954
  1,034
  1,116
  1,202
  1,291
  1,383
  1,480
  1,581
  1,685
  1,795
  1,909
  2,028
  2,152
Issuance/(repayment) of debt, $m
  7
  55
  61
  66
  71
  76
  81
  85
  90
  95
  99
  104
  108
  113
  117
  122
  127
  132
  137
  142
  148
  154
  160
  166
  173
  180
  188
  196
  204
  213
  223
Issuance/(repurchase) of shares, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  7
  55
  61
  66
  71
  76
  81
  85
  90
  95
  99
  104
  108
  113
  117
  122
  127
  132
  137
  142
  148
  154
  160
  166
  173
  180
  188
  196
  204
  213
  223
Total cash flow (excl. dividends), $m
  16
  103
  138
  176
  217
  261
  308
  358
  411
  467
  525
  584
  648
  715
  784
  856
  932
  1,010
  1,091
  1,176
  1,264
  1,355
  1,450
  1,550
  1,653
  1,761
  1,873
  1,991
  2,113
  2,241
  2,375
Retained Cash Flow (-), $m
  -49
  -79
  -87
  -94
  -102
  -109
  -116
  -122
  -129
  -136
  -142
  -148
  -155
  -161
  -168
  -175
  -181
  -189
  -196
  -204
  -212
  -220
  -229
  -238
  -248
  -258
  -269
  -281
  -293
  -306
  -319
Prev. year cash balance distribution, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  24
  51
  81
  115
  152
  193
  236
  282
  331
  383
  436
  493
  554
  616
  682
  750
  821
  895
  972
  1,052
  1,135
  1,221
  1,311
  1,405
  1,503
  1,604
  1,710
  1,820
  1,936
  2,056
Discount rate, %
 
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
 
  23
  47
  71
  95
  118
  140
  159
  176
  190
  201
  207
  211
  210
  207
  200
  191
  179
  165
  150
  134
  117
  101
  86
  72
  58
  47
  37
  28
  21
  15
Current shareholders' claim on cash, %
  100
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

Standard Motor Products, Inc. manufactures and distributes replacement parts for motor vehicles in the automotive aftermarket industry. The company’s Engine Management segment manufactures engine management replacement parts, including electronic ignition control modules, fuel injectors, remanufactured diesel injectors and pumps, ignition wires, coils, switches, sensors, relays, EGR valves, distributor caps and rotors, electronic throttle bodies, and other engine management components, as well as wire and cable parts. It offers its products primarily under the Standard, Blue Streak, BWD, Select, Intermotor, OEM, LockSmart, TechSmart, Tech Expert, and GP Sorensen brands, as well as through private labels, such as CARQUEST, Duralast, Duralast Gold, Import Direct, Master Pro, NAPA, Echlin, NAPA Proformer, Mileage Plus, NAPA, NAPA Belden, Omni-Spark, Ultima Select, and Driveworks. The company’s Temperature Control segment manufactures, remanufactures, and distributes replacement parts for automotive temperature control systems, engine cooling systems, power window accessories, and windshield washer systems primarily under the Four Seasons, EVERCO, ACi, COMPRESSORWORKS, and Hayden brands, as well as through private labels, including NAPA Temp Products, Cold Power, Driveworks, ToughOne, and Murray. It also offers new and remanufactured compressors, clutch assemblies, blower and radiator fan motors, filter dryers, evaporators, accumulators, hose assemblies, thermal expansion devices, heater valves and cores, AC service tools and chemicals, fan assemblies, fan clutches, oil coolers, window lift motors, window regulators and assemblies, and windshield washer pumps. The company sells its products to warehouse distributors, retail chains, original equipment manufacturers, and original equipment service part operations in the United States, Canada, Latin America, and Europe. Standard Motor Products, Inc. was founded in 1919 and is headquartered in Long Island City, New York.

FINANCIAL RATIOS  of  Standard Motor Products (SMP)

Valuation Ratios
P/E Ratio 16.8
Price to Sales 1
Price to Book 2.3
Price to Tangible Book
Price to Cash Flow 10.3
Price to Free Cash Flow 13.1
Growth Rates
Sales Growth Rate 8.8%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 16.7%
Cap. Spend. - 3 Yr. Gr. Rate 13.8%
Financial Strength
Quick Ratio 0
Current Ratio 0
LT Debt to Equity 0%
Total Debt to Equity 12.5%
Interest Coverage 100
Management Effectiveness
Return On Assets 8.4%
Ret/ On Assets - 3 Yr. Avg. 7.3%
Return On Total Capital 12.8%
Ret/ On T. Cap. - 3 Yr. Avg. 11.4%
Return On Equity 14.4%
Return On Equity - 3 Yr. Avg. 12.8%
Asset Turnover 1.5
Profitability Ratios
Gross Margin 30.4%
Gross Margin - 3 Yr. Avg. 29.6%
EBITDA Margin 11.3%
EBITDA Margin - 3 Yr. Avg. 10.4%
Operating Margin 9.3%
Oper. Margin - 3 Yr. Avg. 8.6%
Pre-Tax Margin 9.4%
Pre-Tax Margin - 3 Yr. Avg. 8.4%
Net Profit Margin 5.7%
Net Profit Margin - 3 Yr. Avg. 4.9%
Effective Tax Rate 37.4%
Eff/ Tax Rate - 3 Yr. Avg. 36%
Payout Ratio 25%

SMP stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the SMP stock intrinsic value calculation we used $1058 million for the last fiscal year's total revenue generated by Standard Motor Products. The default revenue input number comes from 2016 income statement of Standard Motor Products. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our SMP stock valuation model: a) initial revenue growth rate of 18% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for SMP is calculated based on our internal credit rating of Standard Motor Products, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Standard Motor Products.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of SMP stock the variable cost ratio is equal to 74.4%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $177 million in the base year in the intrinsic value calculation for SMP stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 3.5% for Standard Motor Products.

Corporate tax rate of 27% is the nominal tax rate for Standard Motor Products. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the SMP stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for SMP are equal to 11.3%.

Life of production assets of 10 years is the average useful life of capital assets used in Standard Motor Products operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for SMP is equal to 21.3%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $441 million for Standard Motor Products - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 22.639 million for Standard Motor Products is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Standard Motor Products at the current share price and the inputted number of shares is $1.0 billion.

RELATED COMPANIES Price Int.Val. Rating
VC Visteon 113.39 45.85  str.sell
DLPH Delphi Automot 92.27 96.04  hold
DORM Dorman Product 64.97 67.93  hold
GM General Motors 34.83 195.49  str.buy
GPC Genuine Parts 81.60 93.70  hold
BWA BorgWarner 44.34 66.58  buy

COMPANY NEWS

▶ Standard Motor Products posts 2Q profit   [Jul-31-17 11:02PM  Associated Press]
▶ Profit From The Aging Population Of Cars   [Jul-11-17 07:53PM  Forbes]
▶ BWD Automotive Releases 109 New Part Numbers   [Jun-29-17 08:30AM  PR Newswire]
▶ BWD Automotive Releases 87 New Part Numbers   [Jun-05-17 08:29AM  PR Newswire]
▶ BWD Automotive Releases 237 New Part Numbers   [May-08-17 09:41AM  PR Newswire]
▶ Standard Motor Products posts 1Q profit   [May-03-17 08:43AM  Associated Press]
▶ BWD Automotive Releases 100 New Diesel Part Numbers   [Apr-05-17 09:14AM  PR Newswire]
▶ BWD Automotive Releases 242 New Part Numbers   [Feb-06-17 08:00AM  PR Newswire]
▶ Should You Avoid Standard Motor Products, Inc. (SMP)?   [Dec-11-16 05:36AM  at Insider Monkey]
▶ Standard Motor Products, Inc. Releases SMP Parts App 2.0   [Dec-01-16 08:30AM  PR Newswire]
▶ BWD Automotive Releases 268 New Parts   [08:30AM  PR Newswire]
Stock chart of SMP Financial statements of SMP
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

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