Standard Motor Products, Inc. (NYSE:SMP) is one of the leading independent manufacturer and distributor of replacement parts for motor vehicles in the automotive aftermarket industry.

It is focused on two major operating segments, engine management segment and temperature control segment. The company’s products are sold throughout the United States, Canada, Europe, and Latin America and in many other countries around the world.

For the nine months ended 30 September 2012, Standard Motor Products, Inc. (NYSE:SMP) revenues increased 8% to $756.6M. Net income before extraordinary items increased 5% to $36.7M. Revenues reflect Temperature Control segment increase of 40% to $95.2M, Engine Management segment increase of 6% to $175.8M, All other segment increase of 72% to $5M. Dividend per share increased from $0.21 to $0.27.

Standard Motor Products, Inc. (NYSE:SMP) has very little analyst coverage despite having a market cap well over $500 million. The numbers above show some encouraging signs, including an increase in the top and bottom line, as well as a dividend hike.

In terms of the macro picture, the company is poised to grow and has opportunities in India and China.

SMP has higher ROE, net and operating margins than almost all competitors. Yet the company trades at a lower P/E, P/B, P/CF etc. then nearly all competitors.

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