SUPER MICRO COMPUTER INC (SMCI) Fundamental Analysis & Valuation
NASDAQ:SMCI • US86800U3023
31.98 USD
+0.67 (+2.14%)
At close: Mar 9, 2026
32.3 USD
+0.32 (+1%)
Pre-Market: 3/10/2026, 5:54:01 AM
This SMCI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
Overall SMCI gets a fundamental rating of 6 out of 10. We evaluated SMCI against 37 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 growing strongly while it is still valued neutral. This is a good combination!
1. SMCI Profitability Analysis
1.1 Basic Checks
- SMCI had positive earnings in the past year.
- SMCI had a positive operating cash flow in the past year.
- SMCI had positive earnings in each of the past 5 years.
- 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 better Return On Assets (3.12%) than 72.97% of its industry peers.
- SMCI has a Return On Equity of 12.48%. This is amongst the best in the industry. SMCI outperforms 81.08% of its industry peers.
- The Return On Invested Capital of SMCI (7.44%) is better than 67.57% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for SMCI is above the industry average of 15.91%.
- The last Return On Invested Capital (7.44%) 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 | 3.12% | ||
| ROE | 12.48% | ||
| ROIC | 7.44% |
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
- SMCI has a Profit Margin of 3.11%. This is in the better half of the industry: SMCI outperforms 72.97% of its industry peers.
- SMCI's Profit Margin has improved in the last couple of years.
- With a decent Operating Margin value of 3.68%, SMCI is doing good in the industry, outperforming 64.86% of the companies in the same industry.
- SMCI's Operating Margin has improved in the last couple of years.
- With a Gross Margin value of 8.02%, SMCI is not doing good in the industry: 75.68% of the companies in the same industry are doing better.
- In the last couple of years the Gross Margin of SMCI has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.68% | ||
| PM (TTM) | 3.11% | ||
| GM | 8.02% |
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. SMCI Health Analysis
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.
- 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 2.33. This is not the best score and indicates that SMCI is in the grey zone with still only limited risk for bankruptcy at the moment.
- With a decent Altman-Z score value of 2.33, SMCI is doing good in the industry, outperforming 67.57% of the companies in the same industry.
- SMCI has a debt to FCF ratio of 11.08. This is a negative value and a sign of low solvency as SMCI would need 11.08 years to pay back of all of its debts.
- SMCI has a better Debt to FCF ratio (11.08) than 62.16% of its industry peers.
- A Debt/Equity ratio of 0.67 indicates that SMCI is somewhat dependend on debt financing.
- SMCI has a Debt to Equity ratio (0.67) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.67 | ||
| Debt/FCF | 11.08 | ||
| Altman-Z | 2.33 |
ROIC/WACC0.99
WACC7.55%
2.3 Liquidity
- SMCI has a Current Ratio of 1.70. This is a normal value and indicates that SMCI is financially healthy and should not expect problems in meeting its short term obligations.
- With a decent Current ratio value of 1.70, SMCI is doing good in the industry, outperforming 62.16% of the companies in the same industry.
- A Quick Ratio of 1.01 indicates that SMCI should not have too much problems paying its short term obligations.
- SMCI has a Quick ratio (1.01) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.7 | ||
| Quick Ratio | 1.01 |
3. SMCI Growth Analysis
3.1 Past
- The earnings per share for SMCI have decreased strongly by -33.16% in the last year.
- 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.
- The Revenue has grown by 34.76% in the past year. This is a very strong growth!
- The Revenue has been growing by 45.76% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-33.16%
EPS 3Y54.17%
EPS 5Y50.41%
EPS Q2Q%14.43%
Revenue 1Y (TTM)34.76%
Revenue growth 3Y61.71%
Revenue growth 5Y45.76%
Sales Q2Q%123.36%
3.2 Future
- SMCI is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 12.33% yearly.
- SMCI is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 24.74% yearly.
EPS Next Y9.94%
EPS Next 2Y21%
EPS Next 3Y20.92%
EPS Next 5Y12.33%
Revenue Next Year85.19%
Revenue Next 2Y48.97%
Revenue Next 3Y35.85%
Revenue Next 5Y24.74%
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. SMCI Valuation Analysis
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 18.17, which indicates a rather expensive current valuation of SMCI.
- Based on the Price/Earnings ratio, SMCI is valued a bit cheaper than the industry average as 75.68% of the companies are valued more expensively.
- SMCI is valuated rather cheaply when we compare the Price/Earnings ratio to 26.46, which is the current average of the S&P500 Index.
- A Price/Forward Earnings ratio of 10.59 indicates a reasonable valuation of SMCI.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of SMCI indicates a rather cheap valuation: SMCI is cheaper than 81.08% of the companies listed in the same industry.
- When comparing the Price/Forward Earnings ratio of SMCI to the average of the S&P500 Index (24.65), we can say SMCI is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.17 | ||
| Fwd PE | 10.59 |
4.2 Price Multiples
- 72.97% of the companies in the same industry are more expensive than SMCI, based on the Enterprise Value to EBITDA ratio.
- SMCI's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. SMCI is cheaper than 62.16% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 43.53 | ||
| EV/EBITDA | 18.36 |
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.
- A more expensive valuation may be justified as SMCI's earnings are expected to grow with 20.92% in the coming years.
PEG (NY)1.83
PEG (5Y)0.36
EPS Next 2Y21%
EPS Next 3Y20.92%
5. SMCI Dividend Analysis
5.1 Amount
- SMCI does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
SMCI Fundamentals: All Metrics, Ratios and Statistics
31.98
+0.67 (+2.14%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryTechnology Hardware, Storage & Peripherals
Earnings (Last)02-03 2026-02-03/amc
Earnings (Next)05-04 2026-05-04/amc
Inst Owners56.51%
Inst Owner Change-16.69%
Ins Owners13.89%
Ins Owner Change0.32%
Market Cap19.16B
Revenue(TTM)28.06B
Net Income(TTM)872.78M
Analysts71.54
Price Target42.45 (32.74%)
Short Float %17.22%
Short Ratio2.79
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)1
Avg EPS beat(2)11.9%
Min EPS beat(2)-14.88%
Max EPS beat(2)38.67%
EPS beat(4)1
Avg EPS beat(4)-5.97%
Min EPS beat(4)-39.29%
Max EPS beat(4)38.67%
EPS beat(8)2
Avg EPS beat(8)-5.8%
EPS beat(12)5
Avg EPS beat(12)-1.28%
EPS beat(16)9
Avg EPS beat(16)5.56%
Revenue beat(2)1
Avg Revenue beat(2)1.77%
Min Revenue beat(2)-17.98%
Max Revenue beat(2)21.51%
Revenue beat(4)1
Avg Revenue beat(4)-4.36%
Min Revenue beat(4)-17.98%
Max Revenue beat(4)21.51%
Revenue beat(8)1
Avg Revenue beat(8)-4.19%
Revenue beat(12)4
Avg Revenue beat(12)-1.57%
Revenue beat(16)7
Avg Revenue beat(16)0.27%
PT rev (1m)-7.09%
PT rev (3m)-7.69%
EPS NQ rev (1m)13.36%
EPS NQ rev (3m)13.17%
EPS NY rev (1m)9.16%
EPS NY rev (3m)7.85%
Revenue NQ rev (1m)20.95%
Revenue NQ rev (3m)21.1%
Revenue NY rev (1m)13.73%
Revenue NY rev (3m)13.93%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.17 | ||
| Fwd PE | 10.59 | ||
| P/S | 0.68 | ||
| P/FCF | 43.53 | ||
| P/OCF | 34.89 | ||
| P/B | 2.74 | ||
| P/tB | 2.74 | ||
| EV/EBITDA | 18.36 |
EPS(TTM)1.76
EY5.5%
EPS(NY)3.02
Fwd EY9.44%
FCF(TTM)0.73
FCFY2.3%
OCF(TTM)0.92
OCFY2.87%
SpS46.84
BVpS11.67
TBVpS11.67
PEG (NY)1.83
PEG (5Y)0.36
Graham Number21.5
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.12% | ||
| ROE | 12.48% | ||
| ROCE | 8.19% | ||
| ROIC | 7.44% | ||
| ROICexc | 11.02% | ||
| ROICexgc | 11.02% | ||
| OM | 3.68% | ||
| PM (TTM) | 3.11% | ||
| GM | 8.02% | ||
| FCFM | 1.57% |
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
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.67 | ||
| Debt/FCF | 11.08 | ||
| Debt/EBITDA | 4.3 | ||
| Cap/Depr | 198.9% | ||
| Cap/Sales | 0.39% | ||
| Interest Coverage | 21.97 | ||
| Cash Conversion | 50.53% | ||
| Profit Quality | 50.42% | ||
| Current Ratio | 1.7 | ||
| Quick Ratio | 1.01 | ||
| Altman-Z | 2.33 |
F-Score4
WACC7.55%
ROIC/WACC0.99
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)-33.16%
EPS 3Y54.17%
EPS 5Y50.41%
EPS Q2Q%14.43%
EPS Next Y9.94%
EPS Next 2Y21%
EPS Next 3Y20.92%
EPS Next 5Y12.33%
Revenue 1Y (TTM)34.76%
Revenue growth 3Y61.71%
Revenue growth 5Y45.76%
Sales Q2Q%123.36%
Revenue Next Year85.19%
Revenue Next 2Y48.97%
Revenue Next 3Y35.85%
Revenue Next 5Y24.74%
EBIT growth 1Y-33.21%
EBIT growth 3Y54.89%
EBIT growth 5Y71.02%
EBIT Next Year22.74%
EBIT Next 3Y30.86%
EBIT Next 5YN/A
FCF growth 1Y360.06%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y504.5%
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.
What is the valuation status for SMCI stock?
ChartMill assigns a valuation rating of 6 / 10 to SUPER MICRO COMPUTER INC (SMCI). This can be considered as Fairly Valued.
Can you provide the profitability details for SUPER MICRO COMPUTER INC?
SUPER MICRO COMPUTER INC (SMCI) has a profitability rating of 7 / 10.
What is the financial health of SUPER MICRO COMPUTER INC (SMCI) stock?
The financial health rating of SUPER MICRO COMPUTER INC (SMCI) is 4 / 10.