SUPER MICRO COMPUTER INC (SMCI) Stock Fundamental Analysis
USA - NASDAQ:SMCI - US86800U3023 - Common Stock
47.4 USD
-3.35 (-6.6%)
43.3 USD
-4.1 (-8.65%)
We assign a fundamental rating of 6 out of 10 to SMCI. SMCI was compared to 35 industry peers in the Technology Hardware, Storage & Peripherals industry. While SMCI has a great health rating, its profitability is only average at the moment. SMCI is not priced too expensively while it is growing strongly. Keep and eye on this one! With these ratings, SMCI could be worth investigating further for growth investing!.
1. Profitability
1.1 Basic Checks
SMCI had positive earnings in the past year.
SMCI had a positive operating cash flow in the past year.
SMCI had positive earnings in each of the past 5 years.
The reported operating cash flow has been mixed in the past 5 years: SMCI reported negative operating cash flow in multiple years.
1.2 Ratios
SMCI's Return On Assets of 7.48% is amongst the best of the industry. SMCI outperforms 82.86% of its industry peers.
Looking at the Return On Equity, with a value of 16.64%, SMCI belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
SMCI has a better Return On Invested Capital (9.76%) than 71.43% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for SMCI is in line with the industry average of 16.54%.
The 3 year average ROIC (18.19%) for SMCI is well above the current ROIC(9.76%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.48% | ||
| ROE | 16.64% | ||
| ROIC | 9.76% |
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
With a decent Profit Margin value of 4.77%, SMCI is doing good in the industry, outperforming 74.29% of the companies in the same industry.
SMCI's Profit Margin has improved in the last couple of years.
With a Operating Margin value of 5.70%, SMCI perfoms like the industry average, outperforming 60.00% of the companies in the same industry.
In the last couple of years the Operating Margin of SMCI has grown nicely.
Looking at the Gross Margin, with a value of 11.06%, SMCI is doing worse than 77.14% of the companies in the same industry.
SMCI's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 5.7% | ||
| PM (TTM) | 4.77% | ||
| GM | 11.06% |
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.
The number of shares outstanding for SMCI has been increased compared to 5 years ago.
SMCI has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 5.40 indicates that SMCI is not in any danger for bankruptcy at the moment.
The Altman-Z score of SMCI (5.40) is better than 80.00% of its industry peers.
The Debt to FCF ratio of SMCI is 3.10, which is a good value as it means it would take SMCI, 3.10 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 3.10, SMCI is doing good in the industry, outperforming 74.29% of the companies in the same industry.
SMCI has a Debt/Equity ratio of 0.74. This is a neutral value indicating SMCI is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.74, SMCI is in line with its industry, outperforming 48.57% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.74 | ||
| Debt/FCF | 3.1 | ||
| Altman-Z | 5.4 |
ROIC/WACC1.24
WACC7.88%
2.3 Liquidity
A Current Ratio of 5.25 indicates that SMCI has no problem at all paying its short term obligations.
With an excellent Current ratio value of 5.25, SMCI belongs to the best of the industry, outperforming 91.43% of the companies in the same industry.
SMCI has a Quick Ratio of 3.25. This indicates that SMCI is financially healthy and has no problem in meeting its short term obligations.
SMCI's Quick ratio of 3.25 is amongst the best of the industry. SMCI outperforms 88.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 5.25 | ||
| Quick Ratio | 3.25 |
3. Growth
3.1 Past
SMCI shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -5.89%.
SMCI shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 50.41% yearly.
SMCI shows a strong growth in Revenue. In the last year, the Revenue has grown by 46.59%.
SMCI shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 45.76% yearly.
EPS 1Y (TTM)-5.89%
EPS 3Y54.17%
EPS 5Y50.41%
EPS Q2Q%-34.4%
Revenue 1Y (TTM)46.59%
Revenue growth 3Y61.71%
Revenue growth 5Y45.76%
Sales Q2Q%8.45%
3.2 Future
The Earnings Per Share is expected to grow by 27.85% on average over the next years. This is a very strong growth
Based on estimates for the next years, SMCI will show a quite strong growth in Revenue. The Revenue will grow by 19.86% on average per year.
EPS Next Y26.8%
EPS Next 2Y26.39%
EPS Next 3Y27.85%
EPS Next 5YN/A
Revenue Next Year45.02%
Revenue Next 2Y34.26%
Revenue Next 3Y29.16%
Revenue Next 5Y19.86%
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 23.01, the valuation of SMCI can be described as rather expensive.
68.57% of the companies in the same industry are more expensive than SMCI, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 26.03, SMCI is valued at the same level.
SMCI is valuated rather expensively with a Price/Forward Earnings ratio of 18.12.
Compared to the rest of the industry, the Price/Forward Earnings ratio of SMCI is on the same level as its industry peers.
SMCI's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 22.27.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.01 | ||
| Fwd PE | 18.12 |
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.
Based on the Price/Free Cash Flow ratio, SMCI is valued a bit cheaper than the industry average as 74.29% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.38 | ||
| EV/EBITDA | 22.68 |
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.
The decent profitability rating of SMCI may justify a higher PE ratio.
A more expensive valuation may be justified as SMCI's earnings are expected to grow with 27.85% in the coming years.
PEG (NY)0.86
PEG (5Y)0.46
EPS Next 2Y26.39%
EPS Next 3Y27.85%
5. Dividend
5.1 Amount
SMCI does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
47.4
-3.35 (-6.6%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryTechnology Hardware, Storage & Peripherals
Earnings (Last)
Earnings (Next)
Inst Owners52.47%
Inst Owner Change-0.22%
Ins Owners14.02%
Ins Owner Change-1.51%
Market Cap28.17B
Revenue(TTM)21.97B
Net Income(TTM)1.05B
Analysts68.46
Price Target48.3 (1.9%)
Short Float %17.06%
Short Ratio2.92
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-23.84%
Min EPS beat(2)-39.29%
Max EPS beat(2)-8.4%
EPS beat(4)0
Avg EPS beat(4)-14.71%
Min EPS beat(4)-39.29%
Max EPS beat(4)-3.94%
EPS beat(8)3
Avg EPS beat(8)-6.13%
EPS beat(12)6
Avg EPS beat(12)-0.14%
EPS beat(16)10
Avg EPS beat(16)7.99%
Revenue beat(2)0
Avg Revenue beat(2)-10.49%
Min Revenue beat(2)-16.76%
Max Revenue beat(2)-4.23%
Revenue beat(4)0
Avg Revenue beat(4)-7.68%
Min Revenue beat(4)-16.76%
Max Revenue beat(4)-4.23%
Revenue beat(8)2
Avg Revenue beat(8)-2%
Revenue beat(12)4
Avg Revenue beat(12)-1.1%
Revenue beat(16)7
Avg Revenue beat(16)0.44%
PT rev (1m)3.36%
PT rev (3m)15.32%
EPS NQ rev (1m)-13.96%
EPS NQ rev (3m)-31.85%
EPS NY rev (1m)0%
EPS NY rev (3m)-7.23%
Revenue NQ rev (1m)-7.97%
Revenue NQ rev (3m)-9.09%
Revenue NY rev (1m)0%
Revenue NY rev (3m)7.36%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.01 | ||
| Fwd PE | 18.12 | ||
| P/S | 1.28 | ||
| P/FCF | 18.38 | ||
| P/OCF | 16.97 | ||
| P/B | 4.47 | ||
| P/tB | 4.47 | ||
| EV/EBITDA | 22.68 |
EPS(TTM)2.06
EY4.35%
EPS(NY)2.62
Fwd EY5.52%
FCF(TTM)2.58
FCFY5.44%
OCF(TTM)2.79
OCFY5.89%
SpS36.97
BVpS10.6
TBVpS10.6
PEG (NY)0.86
PEG (5Y)0.46
Graham Number22.17
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.48% | ||
| ROE | 16.64% | ||
| ROCE | 10.73% | ||
| ROIC | 9.76% | ||
| ROICexc | 17.52% | ||
| ROICexgc | 17.52% | ||
| OM | 5.7% | ||
| PM (TTM) | 4.77% | ||
| GM | 11.06% | ||
| FCFM | 6.97% |
ROA(3y)12.21%
ROA(5y)10.1%
ROE(3y)23.46%
ROE(5y)20.12%
ROIC(3y)18.19%
ROIC(5y)16.22%
ROICexc(3y)24.56%
ROICexc(5y)21.08%
ROICexgc(3y)24.56%
ROICexgc(5y)21.08%
ROCE(3y)20%
ROCE(5y)17.84%
ROICexgc growth 3Y-5.7%
ROICexgc growth 5Y17.61%
ROICexc growth 3Y-5.7%
ROICexc growth 5Y17.61%
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%
F-Score6
Asset Turnover1.57
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.74 | ||
| Debt/FCF | 3.1 | ||
| Debt/EBITDA | 3.57 | ||
| Cap/Depr | 218.04% | ||
| Cap/Sales | 0.58% | ||
| Interest Coverage | 49.16 | ||
| Cash Conversion | 126.55% | ||
| Profit Quality | 146.09% | ||
| Current Ratio | 5.25 | ||
| Quick Ratio | 3.25 | ||
| Altman-Z | 5.4 |
F-Score6
WACC7.88%
ROIC/WACC1.24
Cap/Depr(3y)208.9%
Cap/Depr(5y)194.33%
Cap/Sales(3y)0.64%
Cap/Sales(5y)0.88%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-5.89%
EPS 3Y54.17%
EPS 5Y50.41%
EPS Q2Q%-34.4%
EPS Next Y26.8%
EPS Next 2Y26.39%
EPS Next 3Y27.85%
EPS Next 5YN/A
Revenue 1Y (TTM)46.59%
Revenue growth 3Y61.71%
Revenue growth 5Y45.76%
Sales Q2Q%8.45%
Revenue Next Year45.02%
Revenue Next 2Y34.26%
Revenue Next 3Y29.16%
Revenue Next 5Y19.86%
EBIT growth 1Y3.49%
EBIT growth 3Y54.89%
EBIT growth 5Y71.02%
EBIT Next Year35.3%
EBIT Next 3Y25.43%
EBIT Next 5YN/A
FCF growth 1Y158.7%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y166.76%
OCF growth 3YN/A
OCF growth 5YN/A
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.
Can you provide the valuation status for SUPER MICRO COMPUTER INC?
ChartMill assigns a valuation rating of 5 / 10 to SUPER MICRO COMPUTER INC (SMCI). This can be considered as Fairly Valued.
What is the profitability of SMCI stock?
SUPER MICRO COMPUTER INC (SMCI) has a profitability rating of 7 / 10.
What is the valuation of SUPER MICRO COMPUTER INC based on its PE and PB ratios?
The Price/Earnings (PE) ratio for SUPER MICRO COMPUTER INC (SMCI) is 23.01 and the Price/Book (PB) ratio is 4.47.
What is the expected EPS growth for SUPER MICRO COMPUTER INC (SMCI) stock?
The Earnings per Share (EPS) of SUPER MICRO COMPUTER INC (SMCI) is expected to grow by 26.8% in the next year.