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SUPER MICRO COMPUTER INC (SMCI) Stock Fundamental Analysis

NASDAQ:SMCI - Nasdaq - US86800U3023 - Common Stock - Currency: USD

41.56  -1.8 (-4.15%)

After market: 41.48 -0.08 (-0.19%)

Fundamental Rating

6

SMCI gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 32 industry peers in the Technology Hardware, Storage & Peripherals industry. While SMCI has a great profitability rating, there are some minor concerns on its financial health. SMCI is not overvalued while it is showing excellent growth. This is an interesting combination. These ratings could make SMCI a good candidate for growth investing.


Dividend Valuation Growth Profitability Health

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7

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.
In the past 5 years SMCI has always been profitable.
In multiple years SMCI reported negative operating cash flow during the last 5 years.
SMCI Yearly Net Income VS EBIT VS OCF VS FCFSMCI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B -1B -2B

1.2 Ratios

SMCI's Return On Assets of 10.72% is amongst the best of the industry. SMCI outperforms 87.50% of its industry peers.
With an excellent Return On Equity value of 18.04%, SMCI belongs to the best of the industry, outperforming 87.50% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 12.70%, SMCI is in the better half of the industry, outperforming 68.75% of the companies in the same industry.
SMCI had an Average Return On Invested Capital over the past 3 years of 20.63%. This is above the industry average of 16.42%.
The 3 year average ROIC (20.63%) for SMCI is well above the current ROIC(12.70%). The reason for the recent decline needs to be investigated.
Industry RankSector Rank
ROA 10.72%
ROE 18.04%
ROIC 12.7%
ROA(3y)12.68%
ROA(5y)9.49%
ROE(3y)24.58%
ROE(5y)18.37%
ROIC(3y)20.63%
ROIC(5y)15.4%
SMCI Yearly ROA, ROE, ROICSMCI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

1.3 Margins

The Profit Margin of SMCI (5.34%) is better than 81.25% of its industry peers.
SMCI's Profit Margin has improved in the last couple of years.
The Operating Margin of SMCI (6.09%) is comparable to the rest of the industry.
In the last couple of years the Operating Margin of SMCI has grown nicely.
Looking at the Gross Margin, with a value of 11.27%, SMCI is doing worse than 84.38% of the companies in the same industry.
SMCI's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 6.09%
PM (TTM) 5.34%
GM 11.27%
OM growth 3Y32.35%
OM growth 5Y23.8%
PM growth 3Y34.73%
PM growth 5Y30.21%
GM growth 3Y-2.91%
GM growth 5Y-0.58%
SMCI Yearly Profit, Operating, Gross MarginsSMCI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

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6

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), SMCI is creating value.
The number of shares outstanding for SMCI has been increased compared to 1 year ago.
Compared to 5 years ago, SMCI has more shares outstanding
Compared to 1 year ago, SMCI has a worse debt to assets ratio.
SMCI Yearly Shares OutstandingSMCI Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M
SMCI Yearly Total Debt VS Total AssetsSMCI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

2.2 Solvency

SMCI has an Altman-Z score of 7.33. This indicates that SMCI is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 7.33, SMCI belongs to the top of the industry, outperforming 90.63% of the companies in the same industry.
SMCI has a debt to FCF ratio of 70.05. This is a negative value and a sign of low solvency as SMCI would need 70.05 years to pay back of all of its debts.
SMCI has a Debt to FCF ratio (70.05) which is in line with its industry peers.
A Debt/Equity ratio of 0.38 indicates that SMCI is not too dependend on debt financing.
With a Debt to Equity ratio value of 0.38, SMCI perfoms like the industry average, outperforming 56.25% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.38
Debt/FCF 70.05
Altman-Z 7.33
ROIC/WACC1.27
WACC9.97%
SMCI Yearly LT Debt VS Equity VS FCFSMCI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B -2B 4B

2.3 Liquidity

SMCI has a Current Ratio of 6.66. This indicates that SMCI is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of SMCI (6.66) is better than 93.75% of its industry peers.
A Quick Ratio of 3.95 indicates that SMCI has no problem at all paying its short term obligations.
SMCI's Quick ratio of 3.95 is amongst the best of the industry. SMCI outperforms 93.75% of its industry peers.
Industry RankSector Rank
Current Ratio 6.66
Quick Ratio 3.95
SMCI Yearly Current Assets VS Current LiabilitesSMCI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

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8

3. Growth

3.1 Past

The Earnings Per Share has grown by an nice 18.77% over the past year.
Measured over the past years, SMCI shows a very strong growth in Earnings Per Share. The EPS has been growing by 66.56% on average per year.
SMCI shows a strong growth in Revenue. In the last year, the Revenue has grown by 82.49%.
Measured over the past years, SMCI shows a very strong growth in Revenue. The Revenue has been growing by 33.76% on average per year.
EPS 1Y (TTM)18.77%
EPS 3Y106.48%
EPS 5Y66.56%
EPS Q2Q%-53.38%
Revenue 1Y (TTM)82.49%
Revenue growth 3Y61.52%
Revenue growth 5Y33.76%
Sales Q2Q%19.48%

3.2 Future

The Earnings Per Share is expected to grow by 25.38% on average over the next years. This is a very strong growth
SMCI is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.60% yearly.
EPS Next Y2.74%
EPS Next 2Y20.67%
EPS Next 3Y25.38%
EPS Next 5YN/A
Revenue Next Year48.3%
Revenue Next 2Y41.6%
Revenue Next 3Y36.28%
Revenue Next 5Y9.6%

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 Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
SMCI Yearly Revenue VS EstimatesSMCI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 20B 40B 60B
SMCI Yearly EPS VS EstimatesSMCI Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1 2 3 4

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4

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 18.23, the valuation of SMCI can be described as rather expensive.
SMCI's Price/Earnings ratio is a bit cheaper when compared to the industry. SMCI is cheaper than 62.50% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.31, SMCI is valued a bit cheaper.
A Price/Forward Earnings ratio of 13.02 indicates a correct valuation of SMCI.
The rest of the industry has a similar Price/Forward Earnings ratio as SMCI.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.13, SMCI is valued a bit cheaper.
Industry RankSector Rank
PE 18.23
Fwd PE 13.02
SMCI Price Earnings VS Forward Price EarningsSMCI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

SMCI's Enterprise Value to EBITDA ratio is in line with the industry average.
SMCI's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 697.17
EV/EBITDA 18.93
SMCI Per share dataSMCI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

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.
SMCI's earnings are expected to grow with 25.38% in the coming years. This may justify a more expensive valuation.
PEG (NY)6.65
PEG (5Y)0.27
EPS Next 2Y20.67%
EPS Next 3Y25.38%

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0

5. Dividend

5.1 Amount

No dividends for SMCI!.
Industry RankSector Rank
Dividend Yield N/A

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SUPER MICRO COMPUTER INC

NASDAQ:SMCI (6/13/2025, 8:00:02 PM)

After market: 41.48 -0.08 (-0.19%)

41.56

-1.8 (-4.15%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryTechnology Hardware, Storage & Peripherals
Earnings (Last)05-06 2025-05-06/amc
Earnings (Next)08-04 2025-08-04/amc
Inst Owners51.83%
Inst Owner Change3.44%
Ins Owners11.47%
Ins Owner Change-0.43%
Market Cap24.80B
Analysts70
Price Target40.8 (-1.83%)
Short Float %19.65%
Short Ratio1.95
Dividend
Industry RankSector 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)-23.25%
Min EPS beat(2)-39.29%
Max EPS beat(2)-7.21%
EPS beat(4)0
Avg EPS beat(4)-18.62%
Min EPS beat(4)-39.29%
Max EPS beat(4)-3.94%
EPS beat(8)4
Avg EPS beat(8)-3.04%
EPS beat(12)7
Avg EPS beat(12)3.13%
EPS beat(16)11
Avg EPS beat(16)8.63%
Revenue beat(2)0
Avg Revenue beat(2)-10.76%
Min Revenue beat(2)-16.76%
Max Revenue beat(2)-4.76%
Revenue beat(4)0
Avg Revenue beat(4)-7.09%
Min Revenue beat(4)-16.76%
Max Revenue beat(4)-1.86%
Revenue beat(8)3
Avg Revenue beat(8)-1.12%
Revenue beat(12)5
Avg Revenue beat(12)-0.23%
Revenue beat(16)8
Avg Revenue beat(16)0.87%
PT rev (1m)-10.97%
PT rev (3m)-19.88%
EPS NQ rev (1m)-37.75%
EPS NQ rev (3m)-39.25%
EPS NY rev (1m)-16.59%
EPS NY rev (3m)-20.46%
Revenue NQ rev (1m)-14.81%
Revenue NQ rev (3m)-14.04%
Revenue NY rev (1m)-4.8%
Revenue NY rev (3m)-10.67%
Valuation
Industry RankSector Rank
PE 18.23
Fwd PE 13.02
P/S 1.15
P/FCF 697.17
P/OCF 160.96
P/B 3.89
P/tB 3.89
EV/EBITDA 18.93
EPS(TTM)2.28
EY5.49%
EPS(NY)3.19
Fwd EY7.68%
FCF(TTM)0.06
FCFY0.14%
OCF(TTM)0.26
OCFY0.62%
SpS36.14
BVpS10.69
TBVpS10.69
PEG (NY)6.65
PEG (5Y)0.27
Profitability
Industry RankSector Rank
ROA 10.72%
ROE 18.04%
ROCE 14.1%
ROIC 12.7%
ROICexc 17.46%
ROICexgc 17.46%
OM 6.09%
PM (TTM) 5.34%
GM 11.27%
FCFM 0.16%
ROA(3y)12.68%
ROA(5y)9.49%
ROE(3y)24.58%
ROE(5y)18.37%
ROIC(3y)20.63%
ROIC(5y)15.4%
ROICexc(3y)25.44%
ROICexc(5y)18.95%
ROICexgc(3y)25.44%
ROICexgc(5y)18.95%
ROCE(3y)22.9%
ROCE(5y)17.1%
ROICexcg growth 3Y20.5%
ROICexcg growth 5Y12.8%
ROICexc growth 3Y20.5%
ROICexc growth 5Y12.8%
OM growth 3Y32.35%
OM growth 5Y23.8%
PM growth 3Y34.73%
PM growth 5Y30.21%
GM growth 3Y-2.91%
GM growth 5Y-0.58%
F-Score4
Asset Turnover2.01
Health
Industry RankSector Rank
Debt/Equity 0.38
Debt/FCF 70.05
Debt/EBITDA 1.78
Cap/Depr 230.05%
Cap/Sales 0.55%
Interest Coverage 52.01
Cash Conversion 11.29%
Profit Quality 3.09%
Current Ratio 6.66
Quick Ratio 3.95
Altman-Z 7.33
F-Score4
WACC9.97%
ROIC/WACC1.27
Cap/Depr(3y)182.6%
Cap/Depr(5y)181.87%
Cap/Sales(3y)0.74%
Cap/Sales(5y)1.03%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)18.77%
EPS 3Y106.48%
EPS 5Y66.56%
EPS Q2Q%-53.38%
EPS Next Y2.74%
EPS Next 2Y20.67%
EPS Next 3Y25.38%
EPS Next 5YN/A
Revenue 1Y (TTM)82.49%
Revenue growth 3Y61.52%
Revenue growth 5Y33.76%
Sales Q2Q%19.48%
Revenue Next Year48.3%
Revenue Next 2Y41.6%
Revenue Next 3Y36.28%
Revenue Next 5Y9.6%
EBIT growth 1Y14.28%
EBIT growth 3Y113.77%
EBIT growth 5Y65.6%
EBIT Next Year5.4%
EBIT Next 3Y25.65%
EBIT Next 5YN/A
FCF growth 1Y-94.15%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-76.21%
OCF growth 3YN/A
OCF growth 5YN/A