30.55 USD
-0.21 (-0.68%)
30.45 USD
-0.1 (-0.33%)
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. Both the profitability and the financial health of SMCI get a neutral evaluation. Nothing too spectacular is happening here. SMCI is not overvalued while it is showing excellent growth. This is an interesting combination. These ratings would make SMCI suitable for growth investing!
1. Profitability
1.1 Basic Checks
SMCI had positive earnings in the past year.
In the past year SMCI had a positive cash flow from operations.
Each year in the past 5 years SMCI has been profitable.
In multiple years SMCI reported negative operating cash flow during the last 5 years.
1.2 Ratios
SMCI's Return On Assets of 5.51% is fine compared to the rest of the industry. SMCI outperforms 74.29% of its industry peers.
With a decent Return On Equity value of 12.15%, SMCI is doing good in the industry, outperforming 80.00% of the companies in the same industry.
SMCI has a Return On Invested Capital of 6.99%. This is in the better half of the industry: SMCI outperforms 68.57% of its industry peers.
The Average Return On Invested Capital over the past 3 years for SMCI is above the industry average of 15.26%.
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
The Profit Margin of SMCI (3.77%) is better than 71.43% of its industry peers.
In the last couple of years the Profit Margin of SMCI has grown nicely.
SMCI has a Operating Margin of 4.40%. This is comparable to the rest of the industry: SMCI outperforms 60.00% of its industry peers.
SMCI's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 10.08%, SMCI is doing worse than 80.00% of the companies in the same industry.
In the last couple of years the Gross Margin of SMCI has declined.
| 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.
The debt/assets ratio for SMCI is higher compared to a year ago.
2.2 Solvency
SMCI has an Altman-Z score of 4.28. This indicates that SMCI is financially healthy and has little risk of bankruptcy at the moment.
SMCI has a Altman-Z score of 4.28. This is in the better half of the industry: SMCI outperforms 77.14% of its industry peers.
SMCI has a debt to FCF ratio of 21.92. This is a negative value and a sign of low solvency as SMCI would need 21.92 years to pay back of all of its debts.
The Debt to FCF ratio of SMCI (21.92) is comparable to the rest of the industry.
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 (0.72) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.72 | ||
| Debt/FCF | 21.92 | ||
| Altman-Z | 4.28 |
ROIC/WACC0.93
WACC7.49%
2.3 Liquidity
SMCI has a Current Ratio of 5.39. This indicates that SMCI is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 5.39, SMCI belongs to the top of the industry, outperforming 91.43% of the companies in the same industry.
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 has a better Quick ratio (2.95) than 85.71% 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.
Looking at the last year, SMCI shows a quite strong growth in Revenue. The Revenue has grown by 11.94% in the last year.
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
Based on estimates for the next years, SMCI will show a quite strong growth in Earnings Per Share. The EPS will grow by 12.24% on average per year.
Based on estimates for the next years, SMCI will show a very strong growth in Revenue. The Revenue will grow by 21.77% on average per year.
EPS Next Y1.93%
EPS Next 2Y23.73%
EPS Next 3Y23.92%
EPS Next 5Y12.24%
Revenue Next Year62.55%
Revenue Next 2Y40.98%
Revenue Next 3Y32.84%
Revenue Next 5Y21.77%
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of 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
A Price/Earnings ratio of 18.29 indicates a rather expensive valuation of SMCI.
SMCI's Price/Earnings ratio is a bit cheaper when compared to the industry. SMCI is cheaper than 77.14% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.59, SMCI is valued a bit cheaper.
Based on the Price/Forward Earnings ratio of 9.67, the valuation of SMCI can be described as reasonable.
Based on the Price/Forward Earnings ratio, SMCI is valued a bit cheaper than 80.00% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 24.03, SMCI is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.29 | ||
| Fwd PE | 9.67 |
4.2 Price Multiples
71.43% of the companies in the same industry are more expensive than SMCI, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of SMCI is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 83.69 | ||
| EV/EBITDA | 19.15 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates SMCI does not grow enough to justify the current Price/Earnings ratio.
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 23.92% in the coming years.
PEG (NY)9.48
PEG (5Y)0.36
EPS Next 2Y23.73%
EPS Next 3Y23.92%
5. Dividend
5.1 Amount
SMCI does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
30.55
-0.21 (-0.68%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryTechnology Hardware, Storage & Peripherals
Earnings (Last)
Earnings (Next)
Inst Owners55.4%
Inst Owner Change32%
Ins Owners13.91%
Ins Owner Change-0.16%
Market Cap18.24B
Revenue(TTM)21.05B
Net Income(TTM)792.81M
Analysts71.54
Price TargetN/A
Short Float %17.35%
Short Ratio3.09
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
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)-11.64%
Min EPS beat(2)-14.88%
Max EPS beat(2)-8.4%
EPS beat(4)0
Avg EPS beat(4)-17.44%
Min EPS beat(4)-39.29%
Max EPS beat(4)-7.21%
EPS beat(8)2
Avg EPS beat(8)-9.25%
EPS beat(12)5
Avg EPS beat(12)-4.04%
EPS beat(16)9
Avg EPS beat(16)3.83%
Revenue beat(2)0
Avg Revenue beat(2)-11.11%
Min Revenue beat(2)-17.98%
Max Revenue beat(2)-4.23%
Revenue beat(4)0
Avg Revenue beat(4)-10.93%
Min Revenue beat(4)-17.98%
Max Revenue beat(4)-4.23%
Revenue beat(8)1
Avg Revenue beat(8)-4.68%
Revenue beat(12)3
Avg Revenue beat(12)-3.41%
Revenue beat(16)6
Avg Revenue beat(16)-1.1%
PT rev (1m)-4.79%
PT rev (3m)-1.58%
EPS NQ rev (1m)-8.53%
EPS NQ rev (3m)-18.41%
EPS NY rev (1m)-19.26%
EPS NY rev (3m)-20.95%
Revenue NQ rev (1m)5.8%
Revenue NQ rev (3m)36.41%
Revenue NY rev (1m)11.14%
Revenue NY rev (3m)11.83%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.29 | ||
| Fwd PE | 9.67 | ||
| P/S | 0.87 | ||
| P/FCF | 83.69 | ||
| P/OCF | 54.75 | ||
| P/B | 2.8 | ||
| P/tB | 2.8 | ||
| EV/EBITDA | 19.15 |
EPS(TTM)1.67
EY5.47%
EPS(NY)3.16
Fwd EY10.34%
FCF(TTM)0.37
FCFY1.19%
OCF(TTM)0.56
OCFY1.83%
SpS35.27
BVpS10.93
TBVpS10.93
PEG (NY)9.48
PEG (5Y)0.36
Graham Number20.26
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.51% | ||
| ROE | 12.15% | ||
| ROCE | 7.69% | ||
| ROIC | 6.99% | ||
| ROICexc | 10.74% | ||
| ROICexgc | 10.74% | ||
| OM | 4.4% | ||
| PM (TTM) | 3.77% | ||
| GM | 10.08% | ||
| FCFM | 1.04% |
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-Score4
Asset Turnover1.46
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.72 | ||
| Debt/FCF | 21.92 | ||
| Debt/EBITDA | 4.76 | ||
| Cap/Depr | 203.49% | ||
| Cap/Sales | 0.55% | ||
| Interest Coverage | 17.38 | ||
| Cash Conversion | 33.9% | ||
| Profit Quality | 27.49% | ||
| Current Ratio | 5.39 | ||
| Quick Ratio | 2.95 | ||
| Altman-Z | 4.28 |
F-Score4
WACC7.49%
ROIC/WACC0.93
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)-35.38%
EPS 3Y54.17%
EPS 5Y50.41%
EPS Q2Q%-52.7%
EPS Next Y1.93%
EPS Next 2Y23.73%
EPS Next 3Y23.92%
EPS Next 5Y12.24%
Revenue 1Y (TTM)11.94%
Revenue growth 3Y61.71%
Revenue growth 5Y45.76%
Sales Q2Q%-15.49%
Revenue Next Year62.55%
Revenue Next 2Y40.98%
Revenue Next 3Y32.84%
Revenue Next 5Y21.77%
EBIT growth 1Y-40.16%
EBIT growth 3Y54.89%
EBIT growth 5Y71.02%
EBIT Next Year14.45%
EBIT Next 3Y29.99%
EBIT Next 5YN/A
FCF growth 1Y-63.18%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-46.31%
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 6 / 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 18.29 and the Price/Book (PB) ratio is 2.8.
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 1.93% in the next year.