SUPER MICRO COMPUTER INC (SMCI)
US86800U1043 - Common Stock
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. SMCI scores excellent on profitability, but there are some minor concerns on its financial health. SMCI is not priced too expensively while it is growing strongly. Keep and eye on this one! This makes SMCI very considerable for growth investing!
1. Profitability
1.1 Basic Checks
SMCI had positive earnings in the past year.
In the past year SMCI has reported a negative cash flow from operations.
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
Looking at the Return On Assets, with a value of 13.55%, SMCI belongs to the top of the industry, outperforming 90.63% of the companies in the same industry.
With an excellent Return On Equity value of 23.80%, SMCI belongs to the best of the industry, outperforming 90.63% of the companies in the same industry.
SMCI has a better Return On Invested Capital (21.62%) than 90.63% of its industry peers.
SMCI had an Average Return On Invested Capital over the past 3 years of 17.60%. This is above the industry average of 14.47%.
The last Return On Invested Capital (21.62%) for SMCI is above the 3 year average (17.60%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.55% | ||
| ROE | 23.8% | ||
| ROIC | 21.62% |
ROA(3y)10.44%
ROA(5y)7.99%
ROE(3y)20.89%
ROE(5y)15.64%
ROIC(3y)17.6%
ROIC(5y)13.26%
1.3 Margins
With an excellent Profit Margin value of 7.92%, SMCI belongs to the best of the industry, outperforming 84.38% of the companies in the same industry.
In the last couple of years the Profit Margin of SMCI has grown nicely.
SMCI's Operating Margin of 9.40% is amongst the best of the industry. SMCI outperforms 81.25% 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 16.39%, SMCI is doing worse than 84.38% of the companies in the same industry.
SMCI's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.4% | ||
| PM (TTM) | 7.92% | ||
| GM | 16.39% |
OM growth 3Y60.87%
OM growth 5Y30.55%
PM growth 3Y52.68%
PM growth 5Y45.56%
GM growth 3Y4.56%
GM growth 5Y7.08%
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.
Compared to 5 years ago, SMCI has more shares outstanding
The debt/assets ratio for SMCI has been reduced compared to a year ago.
2.2 Solvency
SMCI has an Altman-Z score of 17.37. This indicates that SMCI is financially healthy and has little risk of bankruptcy at the moment.
SMCI has a Altman-Z score of 17.37. This is amongst the best in the industry. SMCI outperforms 100.00% of its industry peers.
SMCI has a Debt/Equity ratio of 0.03. This is a healthy value indicating a solid balance between debt and equity.
With a Debt to Equity ratio value of 0.03, SMCI perfoms like the industry average, outperforming 59.38% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.03 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 17.37 |
ROIC/WACC2.24
WACC9.64%
2.3 Liquidity
A Current Ratio of 2.43 indicates that SMCI has no problem at all paying its short term obligations.
SMCI's Current ratio of 2.43 is in line compared to the rest of the industry. SMCI outperforms 59.38% of its industry peers.
SMCI has a Quick Ratio of 1.19. This is a normal value and indicates that SMCI is financially healthy and should not expect problems in meeting its short term obligations.
SMCI has a Quick ratio (1.19) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.43 | ||
| Quick Ratio | 1.19 |
3. Growth
3.1 Past
SMCI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 30.51%, which is quite impressive.
Measured over the past years, SMCI shows a very strong growth in Earnings Per Share. The EPS has been growing by 67.00% on average per year.
SMCI shows a strong growth in Revenue. In the last year, the Revenue has grown by 39.22%.
SMCI shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 16.21% yearly.
EPS 1Y (TTM)30.51%
EPS 3Y63.99%
EPS 5Y67%
EPS growth Q2Q71.47%
Revenue 1Y (TTM)39.22%
Revenue growth 3Y28.73%
Revenue growth 5Y16.21%
Revenue growth Q2Q103.25%
3.2 Future
SMCI is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 46.09% yearly.
The Revenue is expected to grow by 23.36% on average over the next years. This is a very strong growth
EPS Next Y90.69%
EPS Next 2Y63.08%
EPS Next 3Y46.09%
EPS Next 5YN/A
Revenue Next Year112.67%
Revenue Next 2Y73.46%
Revenue Next 3Y49.65%
Revenue Next 5Y23.36%
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 accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 50.40, SMCI can be considered very expensive at the moment.
The rest of the industry has a similar Price/Earnings ratio as SMCI.
Compared to an average S&P500 Price/Earnings ratio of 24.76, SMCI is valued quite expensively.
Based on the Price/Forward Earnings ratio of 22.70, the valuation of SMCI can be described as rather expensive.
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 21.26.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 50.4 | ||
| Fwd PE | 22.7 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of SMCI is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 59.59 |
4.3 Compensation for Growth
SMCI's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
SMCI has an outstanding profitability rating, which may justify a higher PE ratio.
SMCI's earnings are expected to grow with 46.09% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.56
PEG (5Y)0.75
EPS Next 2Y63.08%
EPS Next 3Y46.09%
5. Dividend
5.1 Amount
SMCI does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
SUPER MICRO COMPUTER INC
NASDAQ:SMCI (4/19/2024, 7:16:37 PM)
After market: 710.5 -3.15 (-0.44%)713.65
-214.83 (-23.14%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryTechnology Hardware, Storage & Peripherals
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap41.78B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
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Div Incr Years
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Surprises & Revisions
EPS beat(2)
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 50.4 | ||
| Fwd PE | 22.7 | ||
| 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)0.56
PEG (5Y)0.75
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.55% | ||
| ROE | 23.8% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 9.4% | ||
| PM (TTM) | 7.92% | ||
| GM | 16.39% | ||
| 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 Turnover1.71
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.03 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 2.43 | ||
| Quick Ratio | 1.19 | ||
| 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)30.51%
EPS 3Y63.99%
EPS 5Y
EPS growth Q2Q
EPS Next Y90.69%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)39.22%
Revenue growth 3Y28.73%
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
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y