Discounted Cash Flow

Standard Motor Products, Inc.

SMP · Based on 10 years of SEC filings

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $1.1b $60.4m $76.9m 5.7% $2.66
2017 $1.1b (5.4%) $38.0m (-37.2%) $40.2m (-47.7%) 3.4% (-40.4%) $1.67 (-37.2%)
2018 $1.1b (-2.2%) $43.0m (13.2%) $50.1m (24.7%) 3.9% (15.7%) $1.91 (14.4%)
2019 $1.1b (4.2%) $57.9m (34.7%) $60.7m (21.2%) 5.1% (29.3%) $2.59 (35.6%)
2020 $1.1b (-0.8%) $57.4m (-0.9%) $80.1m (31.8%) 5.1% (-0.1%) $2.57 (-0.8%)
2021 $1.3b (15.1%) $90.9m (58.4%) $59.7m (-25.5%) 7.0% (37.6%) $4.10 (59.5%)
2022 $1.4b (5.6%) $55.4m (-39.1%) $-53.5m (-189.6%) 4.0% (-42.3%) $2.55 (-37.8%)
2023 $1.4b (-1.0%) $34.1m (-38.3%) $115.6m (316.2%) 2.5% (-37.7%) $1.57 (-38.4%)
2024 $1.5b (7.8%) $27.5m (-19.5%) $32.7m (-71.7%) 1.9% (-25.3%) $1.26 (-19.7%)
2025 $1.8b (22.4%) $41.3m (50.3%) $18.7m (-42.7%) 2.3% (22.8%) $1.88 (49.2%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model