30.76 USD
-0.31 (-1%)
30.7809 USD
+0.02 (+0.07%)
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 showing excellent growth while it is valued at reasonable prices. Keep and eye on this one! With these ratings, SMCI could be worth investigating further 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 has a Return On Assets of 5.51%. This is in the better half 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.
The Return On Invested Capital of SMCI (6.99%) is better than 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
Looking at the Profit Margin, with a value of 3.77%, SMCI is in the better half of the industry, outperforming 71.43% of the companies in the same industry.
SMCI's Profit Margin has improved in the last couple of years.
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.
SMCI has a worse Gross Margin (10.08%) than 80.00% of its industry peers.
SMCI's Gross Margin has declined in the last couple of years.
| 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.
Compared to 1 year ago, SMCI has more shares outstanding
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 4.30. This indicates that SMCI is financially healthy and has little risk of bankruptcy at the moment.
SMCI's Altman-Z score of 4.30 is fine compared to the rest of the industry. SMCI outperforms 77.14% of its industry peers.
The Debt to FCF ratio of SMCI is 21.92, which is on the high side as it means it would take SMCI, 21.92 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 21.92, SMCI is in line with its industry, outperforming 48.57% of the companies in the same industry.
SMCI has a Debt/Equity ratio of 0.72. This is a neutral value indicating SMCI is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.72, SMCI is in line with its industry, outperforming 51.43% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.72 | ||
| Debt/FCF | 21.92 | ||
| Altman-Z | 4.3 |
ROIC/WACC0.93
WACC7.52%
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.
The Quick ratio of SMCI (2.95) is better than 85.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 5.39 | ||
| Quick Ratio | 2.95 |
3. Growth
3.1 Past
The earnings per share for SMCI have decreased strongly by -35.38% in the last year.
The Earnings Per Share has been growing by 50.41% on average over the past years. This is a very strong growth
The Revenue has grown by 11.94% in the past year. This is quite good.
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.
The Revenue is expected to grow by 21.77% on average over the next years. This is a very strong growth
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
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in 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 18.42 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 71.43% of the companies in the same industry.
SMCI is valuated rather cheaply when we compare the Price/Earnings ratio to 26.50, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 9.74, the valuation of SMCI can be described as reasonable.
SMCI's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. SMCI is cheaper than 80.00% of the companies in the same industry.
SMCI's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.93.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.42 | ||
| Fwd PE | 9.74 |
4.2 Price Multiples
65.71% 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 | 84.27 | ||
| EV/EBITDA | 19.46 |
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 23.92% in the coming years. This may justify a more expensive valuation.
PEG (NY)9.54
PEG (5Y)0.37
EPS Next 2Y23.73%
EPS Next 3Y23.92%
5. Dividend
5.1 Amount
No dividends for SMCI!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
30.76
-0.31 (-1%)
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 Cap18.36B
Revenue(TTM)21.05B
Net Income(TTM)792.81M
Analysts71.54
Price Target45.99 (49.51%)
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 | 18.42 | ||
| Fwd PE | 9.74 | ||
| P/S | 0.87 | ||
| P/FCF | 84.27 | ||
| P/OCF | 55.13 | ||
| P/B | 2.81 | ||
| P/tB | 2.81 | ||
| EV/EBITDA | 19.46 |
EPS(TTM)1.67
EY5.43%
EPS(NY)3.16
Fwd EY10.27%
FCF(TTM)0.37
FCFY1.19%
OCF(TTM)0.56
OCFY1.81%
SpS35.27
BVpS10.93
TBVpS10.93
PEG (NY)9.54
PEG (5Y)0.37
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 | 4.3 |
F-Score4
WACC7.52%
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 18.42 and the Price/Book (PB) ratio is 2.81.
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.