29.27 USD
-0.38 (-1.28%)
30.06 USD
+0.79 (+2.7%)
Taking everything into account, SMCI scores 6 out of 10 in our fundamental rating. SMCI was compared to 35 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 not overvalued while it is showing excellent growth. This is an interesting 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.
In the past year SMCI had a positive cash flow from operations.
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's Return On Assets of 5.51% is fine compared to the rest of the industry. SMCI outperforms 77.14% of its industry peers.
Looking at the Return On Equity, with a value of 12.15%, SMCI belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 6.99%, SMCI is in the better half of the industry, outperforming 68.57% of the companies in the same industry.
SMCI had an Average Return On Invested Capital over the past 3 years of 18.19%. This is above the industry average of 16.06%.
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
SMCI has a better Profit Margin (3.77%) than 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.
SMCI has a worse Gross Margin (10.08%) than 80.00% of its industry peers.
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
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so SMCI is creating value.
SMCI has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, SMCI has more shares outstanding
The debt/assets ratio for SMCI is higher compared to a year ago.
2.2 Solvency
SMCI has an Altman-Z score of 4.22. This indicates that SMCI is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of SMCI (4.22) is better than 80.00% 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.
SMCI's Debt to FCF ratio of 21.92 is in line compared 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 | 4.22 |
ROIC/WACC0.94
WACC7.47%
2.3 Liquidity
A Current Ratio of 5.39 indicates that SMCI has no problem at all paying its short term obligations.
SMCI has a Current ratio of 5.39. This is amongst the best in 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.
Looking at the Quick ratio, with a value of 2.95, SMCI belongs to the top of the industry, outperforming 88.57% of the companies in the same industry.
| 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
Looking at the last year, SMCI shows a quite strong growth in Revenue. The Revenue has grown by 11.94% in the last year.
SMCI shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 45.76% yearly.
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.
Based on estimates for the next years, SMCI will show a very strong growth in Revenue. The Revenue will grow by 21.77% on average per year.
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.
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
Based on the Price/Earnings ratio of 17.53, the valuation of SMCI can be described as rather expensive.
Based on the Price/Earnings ratio, SMCI is valued cheaply inside the industry as 82.86% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 26.51, SMCI is valued a bit cheaper.
Based on the Price/Forward Earnings ratio of 9.22, the valuation of SMCI can be described as reasonable.
85.71% of the companies in the same industry are more expensive than SMCI, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.13, SMCI is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.53 | ||
| Fwd PE | 9.22 |
4.2 Price Multiples
74.29% of the companies in the same industry are more expensive than SMCI, based on the Enterprise Value to EBITDA ratio.
The rest of the industry has a similar Price/Free Cash Flow ratio as SMCI.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 80.18 | ||
| EV/EBITDA | 18.37 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The decent profitability rating of SMCI may justify a higher PE ratio.
A more expensive valuation may be justified as SMCI's earnings are expected to grow with 23.92% in the coming years.
PEG (NY)9.23
PEG (5Y)0.35
EPS Next 2Y24.03%
EPS Next 3Y23.92%
5. Dividend
5.1 Amount
No dividends for SMCI!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
29.27
-0.38 (-1.28%)
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 Cap17.47B
Revenue(TTM)21.05B
Net Income(TTM)792.81M
Analysts71.54
Price Target46.71 (59.58%)
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)0.98%
PT rev (3m)-0.03%
EPS NQ rev (1m)-0.17%
EPS NQ rev (3m)-18.41%
EPS NY rev (1m)-19.28%
EPS NY rev (3m)-19.64%
Revenue NQ rev (1m)2.39%
Revenue NQ rev (3m)36.41%
Revenue NY rev (1m)11.19%
Revenue NY rev (3m)11.87%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.53 | ||
| Fwd PE | 9.22 | ||
| P/S | 0.83 | ||
| P/FCF | 80.18 | ||
| P/OCF | 52.46 | ||
| P/B | 2.68 | ||
| P/tB | 2.68 | ||
| EV/EBITDA | 18.37 |
EPS(TTM)1.67
EY5.71%
EPS(NY)3.17
Fwd EY10.84%
FCF(TTM)0.37
FCFY1.25%
OCF(TTM)0.56
OCFY1.91%
SpS35.27
BVpS10.93
TBVpS10.93
PEG (NY)9.23
PEG (5Y)0.35
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 | 4.22 |
F-Score4
WACC7.47%
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.