31.82 USD
+0.62 (+1.99%)
SMCI gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 35 industry peers in the Technology Hardware, Storage & Peripherals industry. SMCI has an excellent profitability rating, but there are some minor concerns on its financial health. SMCI is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one! With these ratings, SMCI could be worth investigating further for growth investing!.
1. Profitability
1.1 Basic Checks
- In the past year SMCI was profitable.
- SMCI had a positive operating cash flow in the past year.
- SMCI had positive earnings in each of the past 5 years.
- In multiple years SMCI reported negative operating cash flow during the last 5 years.
1.2 Ratios
- With a decent Return On Assets value of 5.51%, SMCI is doing good in the industry, outperforming 77.14% of the companies in the same industry.
- Looking at the Return On Equity, with a value of 12.15%, SMCI belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
- With a decent Return On Invested Capital value of 6.99%, SMCI is doing good in the industry, outperforming 68.57% of the companies in the same industry.
- Measured over the past 3 years, the Average Return On Invested Capital for SMCI is above the industry average of 16.06%.
- The last Return On Invested Capital (6.99%) for SMCI is well below the 3 year average (18.19%), which needs to be investigated, but indicates that SMCI had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.51% | ||
| ROE | 12.15% | ||
| ROIC | 6.99% |
ROA(3y)12.21%
ROA(5y)10.1%
ROE(3y)23.46%
ROE(5y)20.12%
ROIC(3y)18.19%
ROIC(5y)16.22%
1.3 Margins
- SMCI has a Profit Margin of 3.77%. This is in the better half of the industry: SMCI outperforms 77.14% of its industry peers.
- In the last couple of years the Profit Margin of SMCI has grown nicely.
- With a decent Operating Margin value of 4.40%, SMCI is doing good in the industry, outperforming 62.86% of the companies in the same industry.
- In the last couple of years the Operating Margin of SMCI has grown nicely.
- The Gross Margin of SMCI (10.08%) is worse than 80.00% of its industry peers.
- SMCI's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 4.4% | ||
| PM (TTM) | 3.77% | ||
| GM | 10.08% |
OM growth 3Y-4.21%
OM growth 5Y17.33%
PM growth 3Y-4.54%
PM growth 5Y13.59%
GM growth 3Y-10.44%
GM growth 5Y-6.84%
2. Health
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so SMCI is creating value.
- The number of shares outstanding for SMCI has been increased compared to 1 year ago.
- SMCI has more shares outstanding than it did 5 years ago.
- SMCI has a worse debt/assets ratio than last year.
2.2 Solvency
- An Altman-Z score of 4.31 indicates that SMCI is not in any danger for bankruptcy at the moment.
- The Altman-Z score of SMCI (4.31) is better than 80.00% of its industry peers.
- The Debt to FCF ratio of SMCI is 21.92, which is on the high side as it means it would take SMCI, 21.92 years of fcf income to pay off all of its debts.
- SMCI has a Debt to FCF ratio (21.92) which is in line with its industry peers.
- SMCI has a Debt/Equity ratio of 0.72. This is a neutral value indicating SMCI is somewhat dependend on debt financing.
- SMCI has a Debt to Equity ratio of 0.72. This is comparable to the rest of the industry: SMCI outperforms 54.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.72 | ||
| Debt/FCF | 21.92 | ||
| Altman-Z | 4.31 |
ROIC/WACC0.92
WACC7.58%
2.3 Liquidity
- A Current Ratio of 5.39 indicates that SMCI has no problem at all paying its short term obligations.
- SMCI's Current ratio of 5.39 is amongst the best of the industry. SMCI outperforms 91.43% of its industry peers.
- SMCI has a Quick Ratio of 2.95. This indicates that SMCI is financially healthy and has no problem in meeting its short term obligations.
- SMCI's Quick ratio of 2.95 is amongst the best of the industry. SMCI outperforms 88.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 5.39 | ||
| Quick Ratio | 2.95 |
3. Growth
3.1 Past
- SMCI shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -35.38%.
- Measured over the past years, SMCI shows a very strong growth in Earnings Per Share. The EPS has been growing by 50.41% on average per year.
- The Revenue has grown by 11.94% in the past year. This is quite good.
- Measured over the past years, SMCI shows a very strong growth in Revenue. The Revenue has been growing by 45.76% on average per year.
EPS 1Y (TTM)-35.38%
EPS 3Y54.17%
EPS 5Y50.41%
EPS Q2Q%-52.7%
Revenue 1Y (TTM)11.94%
Revenue growth 3Y61.71%
Revenue growth 5Y45.76%
Sales Q2Q%-15.49%
3.2 Future
- SMCI is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 12.24% yearly.
- SMCI is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 21.77% yearly.
EPS Next Y1.87%
EPS Next 2Y23.93%
EPS Next 3Y22.79%
EPS Next 5Y12.24%
Revenue Next Year62.58%
Revenue Next 2Y40.71%
Revenue Next 3Y32.54%
Revenue Next 5Y21.77%
3.3 Evolution
- The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
- The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 19.05, the valuation of SMCI can be described as rather expensive.
- Based on the Price/Earnings ratio, SMCI is valued a bit cheaper than the industry average as 74.29% of the companies are valued more expensively.
- When comparing the Price/Earnings ratio of SMCI to the average of the S&P500 Index (28.82), we can say SMCI is valued slightly cheaper.
- Based on the Price/Forward Earnings ratio of 10.04, the valuation of SMCI can be described as reasonable.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of SMCI indicates a somewhat cheap valuation: SMCI is cheaper than 80.00% of the companies listed in the same industry.
- SMCI's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 25.95.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.05 | ||
| Fwd PE | 10.04 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, SMCI is valued a bit cheaper than 68.57% of the companies in the same industry.
- SMCI's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 87.17 | ||
| EV/EBITDA | 19.54 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
- SMCI has a very decent profitability rating, which may justify a higher PE ratio.
- A more expensive valuation may be justified as SMCI's earnings are expected to grow with 22.79% in the coming years.
PEG (NY)10.18
PEG (5Y)0.38
EPS Next 2Y23.93%
EPS Next 3Y22.79%
5. Dividend
5.1 Amount
- No dividends for SMCI!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
SUPER MICRO COMPUTER INC / SMCI FAQ
Can you provide the ChartMill fundamental rating for SUPER MICRO COMPUTER INC?
ChartMill assigns a fundamental rating of 6 / 10 to SMCI.
What is the valuation status for SMCI stock?
ChartMill assigns a valuation rating of 5 / 10 to SUPER MICRO COMPUTER INC (SMCI). This can be considered as Fairly Valued.
Can you provide the profitability details for SUPER MICRO COMPUTER INC?
SUPER MICRO COMPUTER INC (SMCI) has a profitability rating of 7 / 10.
What is the financial health of SUPER MICRO COMPUTER INC (SMCI) stock?
The financial health rating of SUPER MICRO COMPUTER INC (SMCI) is 6 / 10.