Standard Motor Products, Inc. (SMP)

Industry: Auto - Parts Model: Peers Multiples Valuation

Valuation Snapshot

Ticker	Rank	Name	Rev TTM (M)	Trailing P/E	Forward P/E	Trailing EV/EBITDA	Forward EV/EBITDA	Trailing EV/EBIT	Forward EV/EBIT
7278.T	121	EXEDY Corporation	1,952	14.95	12.25	5.00	4.79	7.54	6.70
EXIDEIND.BO	122	Exide Industries L	1,927	41.81	39.77	18.34	20.38	34.45	11.24
7212.T	123	F-Tech Inc.	1,909	-	-	2.84	2.37	16.82	3.49
TUPY3.SA	124	Tupy S.A.	1,812	-	-	5.75	5.16	34.87	10.06
001696.SZ	125	Chongqing Zongshen	1,808	33.94	31.67	30.16	29.19	34.92	31.02
002249.SZ	126	Zhongshan Broad-Oc	1,767	26.38	26.38	22.23	19.47	29.21	11.18
000559.SZ	127	Wanxiang Qianchao	1,764	41.61	34.87	31.30	28.62	43.81	32.93
SMP	128	Standard Motor Pro	1,749	13.00	12.63	8.81	8.29	5.79	7.84
7239.T	129	TACHI-S Co., Ltd.	1,720	5.23	5.23	2.34	2.34	5.31	3.68
002906.SZ	130	Foryou Corporation	1,718	23.76	15.78	19.75	13.39	22.21	16.08
JKTYRE.BO	131	JK Tyre & Industri	1,695	18.31	18.31	9.00	7.80	8.71	5.40
BHARATFORG.BO	132	Bharat Forge Limit	1,690	53.77	53.77	23.56	17.16	32.92	10.46
603596.SS	133	Bethel Automotive	1,663	24.72	19.42	20.61	16.24	23.27	19.15
300432.SZ	134	Mianyang Fulin Pre	1,657	92.40	98.10	45.21	38.69	53.59	54.58
1760.HK	135	Intron Technology	1,650	3.42	3.42	3.69	3.69	-	-
7296.T	136	F.C.C. Co., Ltd.	1,626	8.48	8.48	2.43	2.11	3.73	2.25

Line Item	Trailing P/E	Forward P/E	Trailing EV/EBITDA	Forward EV/EBITDA	Trailing EV/EBIT	Forward EV/EBIT
Winsorized Median Multiple	23.76	18.31	9.00	7.80	22.74	10.26
Full Range Median Multiple	24.72	19.42	18.34	13.39	26.24	10.82
Industry Multiple	29.91	28.27	16.15	14.09	25.10	15.59
Market Implied Multiple	12.47	12.11	8.59	8.08	5.64	7.64
Company (SMP) Multiple	13.00	12.63	8.81	8.29	5.79	7.84
(*) Net Income / EBITDA / Revenue	69	71	166	177	253	187
Winsorized Enterprise Value	N/A	N/A	1,499	1,380	5,759	1,919
Full Range Median Enterprise Value	N/A	N/A	3,053	2,369	6,644	2,024
(-) Net Debt	568	568	568	568	568	568
Winsorized Equity Value	1,641	1,301	930	812	5,190	1,351
Full Range Median Equity Value	1,707	1,380	2,485	1,800	6,076	1,456
(/) Shares Outstanding	22	22	22	22	22	22
Winsorized Fair Value	$74.60	$59.17	$42.30	$36.91	$236.02	$61.43
Full Range Median Fair Value	$77.61	$62.77	$113.00	$81.86	$276.29	$66.21
Current Price	$39.14	$39.14	$39.14	$39.14	$39.14	$39.14
Upside / Downside	90.60%	51.18%	8.08%	-5.69%	503.01%	56.95%
Safety Margin	30.0%	30.0%	30.0%	30.0%	30.0%	30.0%
Buy Price	$52.22	$41.42	$29.61	$25.84	$165.21	$43.00
Buy / Don't Buy	BUY	BUY	Don’t Buy	Don’t Buy	BUY	BUY