SILICON MOTION TECHNOL-ADR (SIMO) Stock Fundamental Analysis
USA - NASDAQ:SIMO - US82706C1080 - ADR
96.13 USD
+1.99 (+2.11%)
96.13 USD
0 (0%)
Taking everything into account, SIMO scores 6 out of 10 in our fundamental rating. SIMO was compared to 112 industry peers in the Semiconductors & Semiconductor Equipment industry. While SIMO has a great health rating, its profitability is only average at the moment. SIMO has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
SIMO had positive earnings in the past year.
SIMO had a positive operating cash flow in the past year.
In the past 5 years SIMO has always been profitable.
SIMO had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
SIMO's Return On Assets of 7.56% is fine compared to the rest of the industry. SIMO outperforms 76.79% of its industry peers.
SIMO's Return On Equity of 9.91% is fine compared to the rest of the industry. SIMO outperforms 72.32% of its industry peers.
Looking at the Return On Invested Capital, with a value of 7.46%, SIMO is in the better half of the industry, outperforming 74.11% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for SIMO is in line with the industry average of 10.98%.
The 3 year average ROIC (12.40%) for SIMO is well above the current ROIC(7.46%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.56% | ||
| ROE | 9.91% | ||
| ROIC | 7.46% |
ROA(3y)10.62%
ROA(5y)12.64%
ROE(3y)14.1%
ROE(5y)17.4%
ROIC(3y)12.4%
ROIC(5y)16.34%
1.3 Margins
SIMO has a better Profit Margin (10.17%) than 70.54% of its industry peers.
In the last couple of years the Profit Margin of SIMO has declined.
SIMO has a Operating Margin of 9.66%. This is in the better half of the industry: SIMO outperforms 64.29% of its industry peers.
SIMO's Operating Margin has declined in the last couple of years.
With a Gross Margin value of 46.82%, SIMO perfoms like the industry average, outperforming 54.46% of the companies in the same industry.
In the last couple of years the Gross Margin of SIMO has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.66% | ||
| PM (TTM) | 10.17% | ||
| GM | 46.82% |
OM growth 3Y-24.52%
OM growth 5Y-5.1%
PM growth 3Y-20%
PM growth 5Y-4.64%
GM growth 3Y-2.8%
GM growth 5Y-1.14%
2. Health
2.1 Basic Checks
SIMO has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
SIMO has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, SIMO has less shares outstanding
SIMO has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
SIMO has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | N/A |
ROIC/WACC0.64
WACC11.58%
2.3 Liquidity
SIMO has a Current Ratio of 4.10. This indicates that SIMO is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 4.10, SIMO is in the better half of the industry, outperforming 63.39% of the companies in the same industry.
A Quick Ratio of 3.00 indicates that SIMO has no problem at all paying its short term obligations.
SIMO has a Quick ratio of 3.00. This is in the better half of the industry: SIMO outperforms 61.61% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.1 | ||
| Quick Ratio | 3 |
3. Growth
3.1 Past
SIMO shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -1.27%.
Measured over the past 5 years, SIMO shows a small growth in Earnings Per Share. The EPS has been growing by 5.78% on average per year.
The Revenue has decreased by -0.77% in the past year.
SIMO shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 11.94% yearly.
EPS 1Y (TTM)-1.27%
EPS 3Y-17.95%
EPS 5Y5.78%
EPS Q2Q%-28.13%
Revenue 1Y (TTM)-0.77%
Revenue growth 3Y-4.48%
Revenue growth 5Y11.94%
Sales Q2Q%-5.68%
3.2 Future
Based on estimates for the next years, SIMO will show a quite strong growth in Earnings Per Share. The EPS will grow by 17.71% on average per year.
Based on estimates for the next years, SIMO will show a quite strong growth in Revenue. The Revenue will grow by 8.93% on average per year.
EPS Next Y-0.82%
EPS Next 2Y18.68%
EPS Next 3Y17.71%
EPS Next 5YN/A
Revenue Next Year2.78%
Revenue Next 2Y9.08%
Revenue Next 3Y8.93%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 30.81, SIMO can be considered very expensive at the moment.
Based on the Price/Earnings ratio, SIMO is valued a bit cheaper than 77.68% of the companies in the same industry.
When comparing the Price/Earnings ratio of SIMO to the average of the S&P500 Index (27.69), we can say SIMO is valued inline with the index average.
SIMO is valuated rather expensively with a Price/Forward Earnings ratio of 19.90.
Based on the Price/Forward Earnings ratio, SIMO is valued cheaply inside the industry as 81.25% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 23.18. SIMO is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.81 | ||
| Fwd PE | 19.9 |
4.2 Price Multiples
65.18% of the companies in the same industry are more expensive than SIMO, based on the Enterprise Value to EBITDA ratio.
SIMO's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 106.5 | ||
| EV/EBITDA | 29.45 |
4.3 Compensation for Growth
The decent profitability rating of SIMO may justify a higher PE ratio.
A more expensive valuation may be justified as SIMO's earnings are expected to grow with 17.71% in the coming years.
PEG (NY)N/A
PEG (5Y)5.33
EPS Next 2Y18.68%
EPS Next 3Y17.71%
5. Dividend
5.1 Amount
SIMO has a Yearly Dividend Yield of 2.15%. Purely for dividend investing, there may be better candidates out there.
SIMO's Dividend Yield is rather good when compared to the industry average which is at 2.13. SIMO pays more dividend than 90.18% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.34, SIMO has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.15% |
5.2 History
The dividend of SIMO is nicely growing with an annual growth rate of 10.06%!
SIMO has been paying a dividend for at least 10 years, so it has a reliable track record.
SIMO has decreased its dividend recently.
Dividend Growth(5Y)10.06%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
SIMO pays out 86.11% of its income as dividend. This is not a sustainable payout ratio.
SIMO's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP86.11%
EPS Next 2Y18.68%
EPS Next 3Y17.71%
96.13
+1.99 (+2.11%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners86.01%
Inst Owner Change-0.47%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap3.24B
Analysts82.5
Price Target97.81 (1.75%)
Short Float %9.88%
Short Ratio2.58
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.15% |
Yearly Dividend0.5
Dividend Growth(5Y)10.06%
DP86.11%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)23.98%
Min EPS beat(2)23.84%
Max EPS beat(2)24.12%
EPS beat(4)4
Avg EPS beat(4)17.54%
Min EPS beat(4)5.96%
Max EPS beat(4)24.12%
EPS beat(8)7
Avg EPS beat(8)12.55%
EPS beat(12)7
Avg EPS beat(12)-2.27%
EPS beat(16)11
Avg EPS beat(16)-0.33%
Revenue beat(2)2
Avg Revenue beat(2)4.2%
Min Revenue beat(2)0.33%
Max Revenue beat(2)8.07%
Revenue beat(4)2
Avg Revenue beat(4)0.97%
Min Revenue beat(4)-3.93%
Max Revenue beat(4)8.07%
Revenue beat(8)5
Avg Revenue beat(8)1.22%
Revenue beat(12)6
Avg Revenue beat(12)-3.16%
Revenue beat(16)8
Avg Revenue beat(16)-2.76%
PT rev (1m)1.77%
PT rev (3m)21.04%
EPS NQ rev (1m)-1.35%
EPS NQ rev (3m)-21.06%
EPS NY rev (1m)0%
EPS NY rev (3m)-3.53%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.51%
Revenue NY rev (1m)-0.41%
Revenue NY rev (3m)3.05%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.81 | ||
| Fwd PE | 19.9 | ||
| P/S | 4.21 | ||
| P/FCF | 106.5 | ||
| P/OCF | 40.08 | ||
| P/B | 4.1 | ||
| P/tB | 4.1 | ||
| EV/EBITDA | 29.45 |
EPS(TTM)3.12
EY3.25%
EPS(NY)4.83
Fwd EY5.03%
FCF(TTM)0.9
FCFY0.94%
OCF(TTM)2.4
OCFY2.5%
SpS22.82
BVpS23.42
TBVpS23.42
PEG (NY)N/A
PEG (5Y)5.33
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.56% | ||
| ROE | 9.91% | ||
| ROCE | 8.8% | ||
| ROIC | 7.46% | ||
| ROICexc | 9.9% | ||
| ROICexgc | 9.9% | ||
| OM | 9.66% | ||
| PM (TTM) | 10.17% | ||
| GM | 46.82% | ||
| FCFM | 3.95% |
ROA(3y)10.62%
ROA(5y)12.64%
ROE(3y)14.1%
ROE(5y)17.4%
ROIC(3y)12.4%
ROIC(5y)16.34%
ROICexc(3y)18.23%
ROICexc(5y)30.51%
ROICexgc(3y)18.23%
ROICexgc(5y)30.51%
ROCE(3y)14.61%
ROCE(5y)19.25%
ROICexcg growth 3Y-39.42%
ROICexcg growth 5Y-11.46%
ROICexc growth 3Y-39.42%
ROICexc growth 5Y-10.11%
OM growth 3Y-24.52%
OM growth 5Y-5.1%
PM growth 3Y-20%
PM growth 5Y-4.64%
GM growth 3Y-2.8%
GM growth 5Y-1.14%
F-Score5
Asset Turnover0.74
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 176.24% | ||
| Cap/Sales | 6.55% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 78.53% | ||
| Profit Quality | 38.88% | ||
| Current Ratio | 4.1 | ||
| Quick Ratio | 3 | ||
| Altman-Z | N/A |
F-Score5
WACC11.58%
ROIC/WACC0.64
Cap/Depr(3y)193.26%
Cap/Depr(5y)173.52%
Cap/Sales(3y)5.62%
Cap/Sales(5y)4.63%
Profit Quality(3y)84.34%
Profit Quality(5y)90.11%
High Growth Momentum
Growth
EPS 1Y (TTM)-1.27%
EPS 3Y-17.95%
EPS 5Y5.78%
EPS Q2Q%-28.13%
EPS Next Y-0.82%
EPS Next 2Y18.68%
EPS Next 3Y17.71%
EPS Next 5YN/A
Revenue 1Y (TTM)-0.77%
Revenue growth 3Y-4.48%
Revenue growth 5Y11.94%
Sales Q2Q%-5.68%
Revenue Next Year2.78%
Revenue Next 2Y9.08%
Revenue Next 3Y8.93%
Revenue Next 5YN/A
EBIT growth 1Y-11.39%
EBIT growth 3Y-27.9%
EBIT growth 5Y6.23%
EBIT Next Year23.44%
EBIT Next 3Y28.39%
EBIT Next 5YN/A
FCF growth 1Y-64.51%
FCF growth 3Y-39.79%
FCF growth 5Y-13.26%
OCF growth 1Y-35.71%
OCF growth 3Y-23.87%
OCF growth 5Y-0.15%