SILICON MOTION TECHNOL-ADR (SIMO)
US82706C1080 - ADR
Overall SIMO gets a fundamental rating of 6 out of 10. We evaluated SIMO against 107 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 decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year SIMO was profitable.
SIMO had a positive operating cash flow in the past year.
SIMO had positive earnings in each of the past 5 years.
Each year in the past 5 years SIMO had a positive operating cash flow.
1.2 Ratios
With a decent Return On Assets value of 5.25%, SIMO is doing good in the industry, outperforming 60.38% of the companies in the same industry.
SIMO has a Return On Equity (7.20%) which is in line with its industry peers.
SIMO has a Return On Invested Capital of 4.34%. This is comparable to the rest of the industry: SIMO outperforms 57.55% of its industry peers.
SIMO had an Average Return On Invested Capital over the past 3 years of 19.12%. This is significantly above the industry average of 10.73%.
The last Return On Invested Capital (4.34%) for SIMO is well below the 3 year average (19.12%), which needs to be investigated, but indicates that SIMO had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.25% | ||
| ROE | 7.2% | ||
| ROIC | 4.34% |
ROA(3y)14.59%
ROA(5y)12.75%
ROE(3y)20.39%
ROE(5y)17.49%
ROIC(3y)19.12%
ROIC(5y)16.31%
1.3 Margins
SIMO has a Profit Margin of 8.27%. This is comparable to the rest of the industry: SIMO outperforms 58.49% of its industry peers.
In the last couple of years the Profit Margin of SIMO has declined.
SIMO's Operating Margin of 6.44% is in line compared to the rest of the industry. SIMO outperforms 51.89% of its industry peers.
SIMO's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 42.30%, SIMO is in line with its industry, outperforming 42.45% of the companies in the same industry.
In the last couple of years the Gross Margin of SIMO has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.44% | ||
| PM (TTM) | 8.27% | ||
| GM | 42.3% |
OM growth 3Y-29.21%
OM growth 5Y-20.69%
PM growth 3Y-17.58%
PM growth 5Y-14.87%
GM growth 3Y-4.27%
GM growth 5Y-2.97%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), SIMO is creating some value.
The number of shares outstanding for SIMO has been increased compared to 1 year ago.
Compared to 5 years ago, SIMO has less shares outstanding
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.
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/WACC0.36
WACC12.11%
2.3 Liquidity
A Current Ratio of 3.73 indicates that SIMO has no problem at all paying its short term obligations.
The Current ratio of SIMO (3.73) is comparable to the rest of the industry.
SIMO has a Quick Ratio of 2.71. This indicates that SIMO is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 2.71, SIMO is in line with its industry, outperforming 57.55% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.73 | ||
| Quick Ratio | 2.71 |
3. Growth
3.1 Past
The earnings per share for SIMO have decreased strongly by -64.25% in the last year.
The Earnings Per Share has been decreasing by -7.82% on average over the past years.
SIMO shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -32.43%.
SIMO shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.80% yearly.
EPS 1Y (TTM)-64.25%
EPS 3Y-11.09%
EPS 5Y-7.82%
EPS growth Q2Q-23.77%
Revenue 1Y (TTM)-32.43%
Revenue growth 3Y5.81%
Revenue growth 5Y3.8%
Revenue growth Q2Q0.79%
3.2 Future
The Earnings Per Share is expected to grow by 44.50% on average over the next years. This is a very strong growth
SIMO is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 18.45% yearly.
EPS Next Y49.74%
EPS Next 2Y44.5%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year25.18%
Revenue Next 2Y18.45%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
SIMO is valuated quite expensively with a Price/Earnings ratio of 32.58.
SIMO's Price/Earnings is on the same level as the industry average.
SIMO's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 28.28.
Based on the Price/Forward Earnings ratio of 21.76, the valuation of SIMO can be described as rather expensive.
Compared to the rest of the industry, the Price/Forward Earnings ratio of SIMO indicates a somewhat cheap valuation: SIMO is cheaper than 71.70% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of SIMO to the average of the S&P500 Index (20.88), we can say SIMO is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.58 | ||
| Fwd PE | 21.76 |
4.2 Price Multiples
SIMO's Enterprise Value to EBITDA is on the same level as the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of SIMO indicates a rather cheap valuation: SIMO is cheaper than 83.96% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 25.08 | ||
| EV/EBITDA | 33.93 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as SIMO's earnings are expected to grow with 44.50% in the coming years.
PEG (NY)0.65
PEG (5Y)N/A
EPS Next 2Y44.5%
EPS Next 3YN/A
5. Dividend
5.1 Amount
SIMO has a Yearly Dividend Yield of 2.03%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 2.07, SIMO pays a better dividend. On top of this SIMO pays more dividend than 92.45% of the companies listed in the same industry.
SIMO's Dividend Yield is comparable with the S&P500 average which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.03% |
5.2 History
The dividend of SIMO decreases each year by -15.95%.
SIMO has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of SIMO decreased recently.
Dividend Growth(5Y)-15.95%
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
SIMO pays out 31.56% of its income as dividend. This is a sustainable payout ratio.
DP31.56%
EPS Next 2Y44.5%
EPS Next 3YN/A
SILICON MOTION TECHNOL-ADR
NASDAQ:SIMO (5/3/2024, 7:18:24 PM)
After market: 73.955 0 (0%)73.955
+0.55 (+0.76%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
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Market Cap2.49B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.03% |
Dividend Growth(5Y)
DP
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Div Non Decr Years
Ex-Date
Surprises & Revisions
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Revenue NQ rev (1m)
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.58 | ||
| Fwd PE | 21.76 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.65
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.25% | ||
| ROE | 7.2% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 6.44% | ||
| PM (TTM) | 8.27% | ||
| GM | 42.3% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.63
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 3.73 | ||
| Quick Ratio | 2.71 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-64.25%
EPS 3Y-11.09%
EPS 5Y
EPS growth Q2Q
EPS Next Y49.74%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-32.43%
Revenue growth 3Y5.81%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
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