SILICON MOTION TECHNOL-ADR (SIMO) Stock Fundamental Analysis
NASDAQ:SIMO - US82706C1080 - ADR
79.68 USD
-3.07 (-3.71%)
79.68 USD
0 (0%)
We assign a fundamental rating of 6 out of 10 to SIMO. SIMO was compared to 112 industry peers in the Semiconductors & Semiconductor Equipment industry. SIMO is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. SIMO has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year SIMO was profitable.
SIMO had a positive operating cash flow in the past year.
In the past 5 years SIMO has always been profitable.
In the past 5 years SIMO always reported a positive cash flow from operatings.
1.2 Ratios
With a decent Return On Assets value of 7.56%, SIMO is doing good in the industry, outperforming 77.68% of the companies in the same industry.
With a decent Return On Equity value of 9.91%, SIMO is doing good in the industry, outperforming 73.21% of the companies in the same industry.
SIMO has a Return On Invested Capital of 7.46%. This is in the better half of the industry: SIMO outperforms 75.89% of its industry peers.
SIMO had an Average Return On Invested Capital over the past 3 years of 12.40%. This is in line with the industry average of 10.90%.
The last Return On Invested Capital (7.46%) for SIMO is well below the 3 year average (12.40%), which needs to be investigated, but indicates that SIMO had better years and this may not be a problem.
| 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
With a decent Profit Margin value of 10.17%, SIMO is doing good in the industry, outperforming 70.54% of the companies in the same industry.
In the last couple of years the Profit Margin of SIMO has declined.
Looking at the Operating Margin, with a value of 9.66%, SIMO is in the better half of the industry, outperforming 66.07% of the companies in the same industry.
In the last couple of years the Operating Margin of SIMO has declined.
SIMO has a Gross Margin (46.82%) which is comparable to the rest of the 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.
The number of shares outstanding for SIMO has been reduced compared to 5 years ago.
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
There is no outstanding debt for SIMO. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | N/A |
ROIC/WACC0.64
WACC11.69%
2.3 Liquidity
A Current Ratio of 4.10 indicates that SIMO has no problem at all paying its short term obligations.
SIMO has a Current ratio of 4.10. This is in the better half of the industry: SIMO outperforms 62.50% of its industry peers.
A Quick Ratio of 3.00 indicates that SIMO has no problem at all paying its short term obligations.
SIMO has a better Quick ratio (3.00) than 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%.
The Earnings Per Share has been growing slightly by 5.78% on average over the past years.
Looking at the last year, SIMO shows a decrease in Revenue. The Revenue has decreased by -0.77% in the last year.
The Revenue has been growing by 11.94% on average over the past years. This is quite good.
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 15.64% 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 8.49% on average per year.
EPS Next Y-0.82%
EPS Next 2Y18.77%
EPS Next 3Y15.64%
EPS Next 5YN/A
Revenue Next Year2.84%
Revenue Next 2Y9.01%
Revenue Next 3Y8.49%
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 25.54, SIMO can be considered very expensive at the moment.
74.11% of the companies in the same industry are more expensive than SIMO, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of SIMO to the average of the S&P500 Index (27.08), we can say SIMO is valued inline with the index average.
SIMO is valuated correctly with a Price/Forward Earnings ratio of 16.47.
Based on the Price/Forward Earnings ratio, SIMO is valued cheaply inside the industry as 81.25% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.72, SIMO is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.54 | ||
| Fwd PE | 16.47 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, SIMO is valued a bit cheaper than the industry average as 66.07% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of SIMO is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 88.28 | ||
| EV/EBITDA | 24.06 |
4.3 Compensation for Growth
SIMO has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as SIMO's earnings are expected to grow with 15.64% in the coming years.
PEG (NY)N/A
PEG (5Y)4.42
EPS Next 2Y18.77%
EPS Next 3Y15.64%
5. Dividend
5.1 Amount
SIMO has a Yearly Dividend Yield of 2.40%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 2.37, SIMO pays a better dividend. On top of this SIMO pays more dividend than 91.07% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.35, SIMO has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.4% |
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 2Y18.77%
EPS Next 3Y15.64%
79.68
-3.07 (-3.71%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners84.18%
Inst Owner Change1.14%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap2.68B
Analysts78.75
Price Target96.11 (20.62%)
Short Float %9.66%
Short Ratio2.44
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.4% |
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)18.93%
PT rev (3m)31.55%
EPS NQ rev (1m)-20.38%
EPS NQ rev (3m)-29.99%
EPS NY rev (1m)-3.53%
EPS NY rev (3m)-3.53%
Revenue NQ rev (1m)2.51%
Revenue NQ rev (3m)0.86%
Revenue NY rev (1m)3.06%
Revenue NY rev (3m)3.14%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.54 | ||
| Fwd PE | 16.47 | ||
| P/S | 3.49 | ||
| P/FCF | 88.28 | ||
| P/OCF | 33.22 | ||
| P/B | 3.4 | ||
| P/tB | 3.4 | ||
| EV/EBITDA | 24.06 |
EPS(TTM)3.12
EY3.92%
EPS(NY)4.84
Fwd EY6.07%
FCF(TTM)0.9
FCFY1.13%
OCF(TTM)2.4
OCFY3.01%
SpS22.82
BVpS23.42
TBVpS23.42
PEG (NY)N/A
PEG (5Y)4.42
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
WACC11.69%
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 2Y18.77%
EPS Next 3Y15.64%
EPS Next 5YN/A
Revenue 1Y (TTM)-0.77%
Revenue growth 3Y-4.48%
Revenue growth 5Y11.94%
Sales Q2Q%-5.68%
Revenue Next Year2.84%
Revenue Next 2Y9.01%
Revenue Next 3Y8.49%
Revenue Next 5YN/A
EBIT growth 1Y-11.39%
EBIT growth 3Y-27.9%
EBIT growth 5Y6.23%
EBIT Next Year22.32%
EBIT Next 3Y25.03%
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%