28.6 USD
-1.52 (-5.05%)
28.65 USD
+0.05 (+0.17%)
Overall SMCI gets a fundamental rating of 6 out of 10. We evaluated SMCI against 35 industry peers in the Technology Hardware, Storage & Peripherals industry. While SMCI has a great profitability rating, there are some minor concerns on its financial health. SMCI is growing strongly while it is still valued neutral. This is a good combination! These ratings could make SMCI a good candidate for growth investing.
1. Profitability
1.1 Basic Checks
SMCI had positive earnings in the past year.
SMCI had a positive operating cash flow in the past year.
In the past 5 years SMCI has always 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 5.51%. This is in the better half of the industry: SMCI outperforms 77.14% of its industry peers.
The Return On Equity of SMCI (12.15%) is better than 85.71% of its industry peers.
SMCI has a better Return On Invested Capital (6.99%) than 68.57% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for SMCI is above the industry average of 16.06%.
The 3 year average ROIC (18.19%) for SMCI is well above the current ROIC(6.99%). The reason for the recent decline needs to be investigated.
| 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
SMCI's Profit Margin of 3.77% is fine compared to the rest of the industry. SMCI outperforms 77.14% of its industry peers.
SMCI's Profit Margin has improved in the last couple of years.
SMCI has a Operating Margin of 4.40%. This is in the better half of the industry: SMCI outperforms 62.86% of its industry peers.
SMCI's Operating Margin has improved in the last couple of years.
With a Gross Margin value of 10.08%, SMCI is not doing good in the industry: 80.00% 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 | 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
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), SMCI is creating value.
The number of shares outstanding for SMCI has been increased compared to 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 4.26. This indicates that SMCI is financially healthy and has little risk of bankruptcy at the moment.
SMCI's Altman-Z score of 4.26 is fine compared to the rest of the industry. SMCI outperforms 77.14% of its industry peers.
SMCI has a debt to FCF ratio of 21.92. This is a negative value and a sign of low solvency as SMCI would need 21.92 years to pay back of all of its debts.
SMCI has a Debt to FCF ratio of 21.92. This is comparable to the rest of the industry: SMCI outperforms 51.43% of its industry peers.
A Debt/Equity ratio of 0.72 indicates that SMCI is somewhat dependend on debt financing.
SMCI has a Debt to Equity ratio (0.72) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.72 | ||
| Debt/FCF | 21.92 | ||
| Altman-Z | 4.26 |
ROIC/WACC0.94
WACC7.45%
2.3 Liquidity
A Current Ratio of 5.39 indicates that SMCI has no problem at all paying its short term obligations.
SMCI's Current ratio of 5.39 is amongst the best of the industry. SMCI outperforms 91.43% of its industry peers.
A Quick Ratio of 2.95 indicates that SMCI has no problem at all paying its short term obligations.
SMCI has a Quick ratio of 2.95. This is amongst the best in the industry. SMCI outperforms 88.57% 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.
SMCI shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 50.41% yearly.
SMCI shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.94%.
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
SMCI is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 12.24% yearly.
The Revenue is expected to grow by 21.77% on average over the next years. This is a very strong growth
EPS Next Y1.9%
EPS Next 2Y24.03%
EPS Next 3Y23.92%
EPS Next 5Y12.24%
Revenue Next Year62.62%
Revenue Next 2Y40.84%
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.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 17.13, SMCI is valued on the expensive side.
Based on the Price/Earnings ratio, SMCI is valued cheaper than 82.86% of the companies in the same industry.
SMCI is valuated rather cheaply when we compare the Price/Earnings ratio to 27.30, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 9.01, which indicates a very decent valuation of SMCI.
82.86% of the companies in the same industry are more expensive than SMCI, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 24.04. SMCI is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.13 | ||
| Fwd PE | 9.01 |
4.2 Price Multiples
SMCI's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. SMCI is cheaper than 71.43% of the companies in the same industry.
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 | 78.35 | ||
| EV/EBITDA | 18.89 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates SMCI does not grow enough to justify the current Price/Earnings ratio.
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)9.02
PEG (5Y)0.34
EPS Next 2Y24.03%
EPS Next 3Y23.92%
5. Dividend
5.1 Amount
SMCI does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
28.6
-1.52 (-5.05%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryTechnology Hardware, Storage & Peripherals
Earnings (Last)
Earnings (Next)
Inst Owners55.61%
Inst Owner Change0.09%
Ins Owners13.9%
Ins Owner Change-0.23%
Market Cap17.07B
Revenue(TTM)21.05B
Net Income(TTM)792.81M
Analysts71.54
Price Target46.71 (63.32%)
Short Float %17.88%
Short Ratio3.4
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)1.58%
PT rev (3m)-1.24%
EPS NQ rev (1m)-0.33%
EPS NQ rev (3m)-17.23%
EPS NY rev (1m)-0.03%
EPS NY rev (3m)-19.64%
Revenue NQ rev (1m)0.05%
Revenue NQ rev (3m)36.11%
Revenue NY rev (1m)0.04%
Revenue NY rev (3m)12.13%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.13 | ||
| Fwd PE | 9.01 | ||
| P/S | 0.81 | ||
| P/FCF | 78.35 | ||
| P/OCF | 51.26 | ||
| P/B | 2.62 | ||
| P/tB | 2.62 | ||
| EV/EBITDA | 18.89 |
EPS(TTM)1.67
EY5.84%
EPS(NY)3.17
Fwd EY11.1%
FCF(TTM)0.37
FCFY1.28%
OCF(TTM)0.56
OCFY1.95%
SpS35.27
BVpS10.93
TBVpS10.93
PEG (NY)9.02
PEG (5Y)0.34
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 | 4.26 |
F-Score4
WACC7.45%
ROIC/WACC0.94
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 Y1.9%
EPS Next 2Y24.03%
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 Year62.62%
Revenue Next 2Y40.84%
Revenue Next 3Y32.84%
Revenue Next 5Y21.77%
EBIT growth 1Y-40.16%
EBIT growth 3Y54.89%
EBIT growth 5Y71.02%
EBIT Next Year14.63%
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.
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 6 / 10.