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SMITH MICRO SOFTWARE INC (SMSI) Stock Fundamental Analysis

NASDAQ:SMSI - Nasdaq - US8321544053 - Common Stock - Currency: USD

0.925  -0.05 (-5.61%)

Fundamental Rating

3

Overall SMSI gets a fundamental rating of 3 out of 10. We evaluated SMSI against 284 industry peers in the Software industry. While SMSI seems to be doing ok healthwise, there are quite some concerns on its profitability. SMSI has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

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0

1. Profitability

1.1 Basic Checks

In the past year SMSI has reported negative net income.
In the past year SMSI has reported a negative cash flow from operations.
In the past 5 years SMSI reported 4 times negative net income.
SMSI had negative operating cash flow in 4 of the past 5 years.
SMSI Yearly Net Income VS EBIT VS OCF VS FCFSMSI 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 10M -10M -20M -30M -40M

1.2 Ratios

With a Return On Assets value of -52.73%, SMSI is not doing good in the industry: 84.15% of the companies in the same industry are doing better.
SMSI's Return On Equity of -62.54% is on the low side compared to the rest of the industry. SMSI is outperformed by 70.77% of its industry peers.
Industry RankSector Rank
ROA -52.73%
ROE -62.54%
ROIC N/A
ROA(3y)-52.71%
ROA(5y)-35.91%
ROE(3y)-63.39%
ROE(5y)-42.79%
ROIC(3y)N/A
ROIC(5y)N/A
SMSI Yearly ROA, ROE, ROICSMSI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -100 -200 -300 -400 -500

1.3 Margins

Looking at the Gross Margin, with a value of 72.15%, SMSI is in line with its industry, outperforming 59.86% of the companies in the same industry.
In the last couple of years the Gross Margin of SMSI has declined.
The Profit Margin and Operating Margin are not available for SMSI so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 72.15%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-3.56%
GM growth 5Y-5.05%
SMSI Yearly Profit, Operating, Gross MarginsSMSI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -100 -200

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5

2. Health

2.1 Basic Checks

SMSI does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for SMSI has been increased compared to 1 year ago.
SMSI has more shares outstanding than it did 5 years ago.
SMSI has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
SMSI Yearly Shares OutstandingSMSI Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M
SMSI Yearly Total Debt VS Total AssetsSMSI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M

2.2 Solvency

SMSI has an Altman-Z score of -11.22. This is a bad value and indicates that SMSI is not financially healthy and even has some risk of bankruptcy.
SMSI's Altman-Z score of -11.22 is on the low side compared to the rest of the industry. SMSI is outperformed by 88.03% of its industry peers.
SMSI has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z -11.22
ROIC/WACCN/A
WACC11.11%
SMSI Yearly LT Debt VS Equity VS FCFSMSI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M 40M 60M 80M 100M

2.3 Liquidity

A Current Ratio of 1.23 indicates that SMSI should not have too much problems paying its short term obligations.
SMSI has a Current ratio of 1.23. This is in the lower half of the industry: SMSI underperforms 61.97% of its industry peers.
SMSI has a Quick Ratio of 1.23. This is a normal value and indicates that SMSI is financially healthy and should not expect problems in meeting its short term obligations.
With a Quick ratio value of 1.23, SMSI is not doing good in the industry: 61.27% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 1.23
Quick Ratio 1.23
SMSI Yearly Current Assets VS Current LiabilitesSMSI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M

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4

3. Growth

3.1 Past

SMSI shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -55.74%.
Looking at the last year, SMSI shows a very negative growth in Revenue. The Revenue has decreased by -45.76% in the last year.
The Revenue for SMSI have been decreasing by -13.86% on average. This is quite bad
EPS 1Y (TTM)-55.74%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%64.44%
Revenue 1Y (TTM)-45.76%
Revenue growth 3Y-29.4%
Revenue growth 5Y-13.86%
Sales Q2Q%-20.3%

3.2 Future

SMSI is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 47.12% yearly.
SMSI is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 44.39% yearly.
EPS Next Y81.9%
EPS Next 2Y47.12%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year7.23%
Revenue Next 2Y32.26%
Revenue Next 3Y44.39%
Revenue Next 5YN/A

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
SMSI Yearly Revenue VS EstimatesSMSI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 20M 40M 60M
SMSI Yearly EPS VS EstimatesSMSI Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 2 -2 -4

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4

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for SMSI. In the last year negative earnings were reported.
The Price/Forward Earnings ratio is 4.53, which indicates a rather cheap valuation of SMSI.
97.89% of the companies in the same industry are more expensive than SMSI, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of SMSI to the average of the S&P500 Index (22.13), we can say SMSI is valued rather cheaply.
Industry RankSector Rank
PE N/A
Fwd PE 4.53
SMSI Price Earnings VS Forward Price EarningsSMSI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 40 60

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
SMSI Per share dataSMSI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.5 -0.5 1 1.5

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.
A more expensive valuation may be justified as SMSI's earnings are expected to grow with 47.12% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y47.12%
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

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

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SMITH MICRO SOFTWARE INC

NASDAQ:SMSI (6/13/2025, 4:30:02 PM)

0.925

-0.05 (-5.61%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)05-07 2025-05-07/amc
Earnings (Next)07-30 2025-07-30/amc
Inst Owners12.98%
Inst Owner Change-23.06%
Ins Owners1.82%
Ins Owner Change15.35%
Market Cap17.95M
Analysts82.22
Price Target4.08 (341.08%)
Short Float %1.28%
Short Ratio1.43
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-20.32%
Min EPS beat(2)-42.6%
Max EPS beat(2)1.96%
EPS beat(4)2
Avg EPS beat(4)-10.49%
Min EPS beat(4)-42.6%
Max EPS beat(4)5.12%
EPS beat(8)4
Avg EPS beat(8)12.45%
EPS beat(12)7
Avg EPS beat(12)10.85%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-9.06%
Min Revenue beat(2)-13.02%
Max Revenue beat(2)-5.1%
Revenue beat(4)0
Avg Revenue beat(4)-6.9%
Min Revenue beat(4)-13.02%
Max Revenue beat(4)-4.54%
Revenue beat(8)0
Avg Revenue beat(8)-4.95%
Revenue beat(12)1
Avg Revenue beat(12)-3.85%
Revenue beat(16)3
Avg Revenue beat(16)-3.36%
PT rev (1m)-17.24%
PT rev (3m)-17.24%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-300%
EPS NY rev (1m)0%
EPS NY rev (3m)-633.33%
Revenue NQ rev (1m)-20.9%
Revenue NQ rev (3m)-29.9%
Revenue NY rev (1m)-16.42%
Revenue NY rev (3m)-30.11%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 4.53
P/S 0.93
P/FCF N/A
P/OCF N/A
P/B 0.49
P/tB 5.63
EV/EBITDA N/A
EPS(TTM)-0.95
EYN/A
EPS(NY)0.2
Fwd EY22.05%
FCF(TTM)-0.7
FCFYN/A
OCF(TTM)-0.7
OCFYN/A
SpS1
BVpS1.88
TBVpS0.16
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -52.73%
ROE -62.54%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 72.15%
FCFM N/A
ROA(3y)-52.71%
ROA(5y)-35.91%
ROE(3y)-63.39%
ROE(5y)-42.79%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-3.56%
GM growth 5Y-5.05%
F-Score3
Asset Turnover0.45
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 0.35%
Cap/Sales 0.1%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.23
Quick Ratio 1.23
Altman-Z -11.22
F-Score3
WACC11.11%
ROIC/WACCN/A
Cap/Depr(3y)0.34%
Cap/Depr(5y)9.37%
Cap/Sales(3y)0.07%
Cap/Sales(5y)0.84%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-55.74%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%64.44%
EPS Next Y81.9%
EPS Next 2Y47.12%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-45.76%
Revenue growth 3Y-29.4%
Revenue growth 5Y-13.86%
Sales Q2Q%-20.3%
Revenue Next Year7.23%
Revenue Next 2Y32.26%
Revenue Next 3Y44.39%
Revenue Next 5YN/A
EBIT growth 1Y-24.61%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year90.72%
EBIT Next 3Y34.4%
EBIT Next 5YN/A
FCF growth 1Y24.57%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y24.74%
OCF growth 3YN/A
OCF growth 5YN/A