Solid Power, Inc. (SLDP) vs Standard Motor Products, Inc. (SMP)

Solid Power, Inc. and Standard Motor Products, Inc. are both Auto Parts companies. Standard Motor Products, Inc. is the larger, with a market value of $834.0M against $538.6M — 1.5× the size. Solid Power, Inc. has negative trailing earnings, so its P/E is not meaningful; Standard Motor Products, Inc. trades at 16.5×. Standard Motor Products, Inc. grew revenue faster over the last twelve months: 11.3% against −51.5%. Standard Motor Products, Inc. has the higher net margin (2.78% vs −816.4%) and the higher return on invested capital (7.98% vs −25.9%). Across the 19 metrics below, Standard Motor Products, Inc. leads on 14 and Solid Power, Inc. on 5.

Valuation

Metric SLDP SMP Auto Parts median
P/E n/m 16.46 17.92
P/S 49.12 0.46 0.64
P/B 1.08 1.15 1.15
Price to free cash flow n/m 9.63 12.82
EV/EBITDA n/m 6.55 7.66
EV/Sales 27.18 0.72 0.73
Earnings yield (18.83%) 6.08% 2.73%
Free cash flow yield (13.54%) 10.38% 3.47%

Profitability

Metric SLDP SMP Auto Parts median
Gross margin (37.85%) 31.99% 22.64%
Operating margin (978.24%) 8.39% 3.67%
Net margin (816.39%) 2.78% 1.68%
Free cash flow margin (665.13%) 4.75% 2.31%
Return on equity (20.58%) 7.11% 2.35%
Return on assets (19.41%) 2.51% 0.89%
Return on invested capital (25.93%) 7.98% 4.55%

Growth

Metric SLDP SMP Auto Parts median
Revenue growth (TTM) (51.49%) 11.32% 5.00%
EPS growth (last fiscal year) 5.56% 48.39% —
Revenue growth, 5-year CAGR 51.64% 9.68% 7.78%
Net income growth, 5-year CAGR 0.00% (6.35%) 0.00%

Health

Metric SLDP SMP Auto Parts median
Debt to equity 0.00 0.76 0.38
Current ratio 14.61 2.00 1.78
Net debt to EBITDA 2.93 2.85 1.26

Dividend

Metric SLDP SMP Auto Parts median
Dividend yield — 2.86% 2.37%
Payout ratio 0.00 0.39 0.00

Size

Metric SLDP SMP Auto Parts median
Market cap 538.63m 833.96m 914.31m

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