SUPER MICRO COMPUTER INC (SMCI) Stock Fundamental Analysis
NASDAQ:SMCI - Nasdaq - US86800U3023 - Common Stock - Currency: USD
We assign a fundamental rating of 6 out of 10 to SMCI. SMCI was compared to 32 industry peers in the Technology Hardware, Storage & Peripherals industry. SMCI has an excellent profitability rating, but there are some minor concerns on its financial health. SMCI is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one! These ratings would make SMCI suitable for growth investing!
1. Profitability
1.1 Basic Checks
In the past year SMCI was profitable.
SMCI had a positive operating cash flow in the past year.
Each year in the past 5 years SMCI has been profitable.
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 has a Return On Assets of 10.72%. This is amongst the best in the industry. SMCI outperforms 87.50% of its industry peers.
SMCI's Return On Equity of 18.04% is amongst the best of the industry. SMCI outperforms 87.50% of its industry peers.
With a decent Return On Invested Capital value of 12.70%, SMCI is doing good in 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 16.14%.
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 Rank | Sector 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%
1.3 Margins
SMCI has a better Profit Margin (5.34%) than 81.25% of its industry peers.
In the last couple of years the Profit Margin of SMCI has grown nicely.
With a Operating Margin value of 6.09%, SMCI perfoms like the industry average, outperforming 56.25% of the companies in the same industry.
In the last couple of years the Operating Margin of SMCI has grown nicely.
SMCI has a worse Gross Margin (11.27%) than 84.38% of its industry peers.
SMCI's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
SMCI has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
SMCI has more shares outstanding than it did 1 year ago.
SMCI has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, SMCI has a worse debt to assets ratio.
2.2 Solvency
SMCI has an Altman-Z score of 7.67. This indicates that SMCI is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 7.67, SMCI belongs to the best 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 of 70.05. This is comparable to the rest of the industry: SMCI outperforms 50.00% of 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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.38 | ||
| Debt/FCF | 70.05 | ||
| Altman-Z | 7.67 |
ROIC/WACC1.28
WACC9.96%
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.
Looking at the Current ratio, with a value of 6.66, SMCI belongs to the top of the industry, outperforming 93.75% of the companies in the same industry.
SMCI has a Quick Ratio of 3.95. This indicates that SMCI is financially healthy and has no problem in meeting its short term obligations.
The Quick ratio of SMCI (3.95) is better than 93.75% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 6.66 | ||
| Quick Ratio | 3.95 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 18.77% over the past year.
The Earnings Per Share has been growing by 66.56% on average over the past years. This is a very strong growth
The Revenue has grown by 82.49% in the past year. This is a very strong growth!
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 24.22% 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 9.60% on average per year.
EPS Next Y-3.52%
EPS Next 2Y14.9%
EPS Next 3Y24.22%
EPS Next 5YN/A
Revenue Next Year48.3%
Revenue Next 2Y41.6%
Revenue Next 3Y36.28%
Revenue Next 5Y9.6%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 21.49, which indicates a rather expensive current valuation of SMCI.
The rest of the industry has a similar Price/Earnings ratio as SMCI.
SMCI's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.98.
SMCI is valuated correctly with a Price/Forward Earnings ratio of 16.93.
The rest of the industry has a similar Price/Forward Earnings ratio as SMCI.
SMCI is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 21.49, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.49 | ||
| Fwd PE | 16.93 |
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.
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 | 821.97 | ||
| EV/EBITDA | 20.78 |
4.3 Compensation for Growth
The decent profitability rating of SMCI may justify a higher PE ratio.
SMCI's earnings are expected to grow with 24.22% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)0.32
EPS Next 2Y14.9%
EPS Next 3Y24.22%
5. Dividend
5.1 Amount
SMCI does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
NASDAQ:SMCI (6/30/2025, 2:43:10 PM)
49
+1.42 (+2.98%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryTechnology Hardware, Storage & Peripherals
Earnings (Last)
Earnings (Next)
Inst Owners51.83%
Inst Owner Change3.44%
Ins Owners11.47%
Ins Owner Change-0.87%
Market Cap29.24B
Analysts70
Price Target40.8 (-16.73%)
Short Float %18.84%
Short Ratio2.04
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)-23.25%
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)-24.43%
EPS NQ rev (1m)-20.81%
EPS NQ rev (3m)-36.28%
EPS NY rev (1m)-6.09%
EPS NY rev (3m)-24.57%
Revenue NQ rev (1m)-7.9%
Revenue NQ rev (3m)-14.15%
Revenue NY rev (1m)-2.38%
Revenue NY rev (3m)-10.67%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.49 | ||
| Fwd PE | 16.93 | ||
| P/S | 1.36 | ||
| P/FCF | 821.97 | ||
| P/OCF | 189.78 | ||
| P/B | 4.58 | ||
| P/tB | 4.58 | ||
| EV/EBITDA | 20.78 |
EPS(TTM)2.28
EY4.65%
EPS(NY)2.89
Fwd EY5.91%
FCF(TTM)0.06
FCFY0.12%
OCF(TTM)0.26
OCFY0.53%
SpS36.14
BVpS10.69
TBVpS10.69
PEG (NY)N/A
PEG (5Y)0.32
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 7.67 |
F-Score4
WACC9.96%
ROIC/WACC1.28
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 Y-3.52%
EPS Next 2Y14.9%
EPS Next 3Y24.22%
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