SUPER MICRO COMPUTER INC (SMCI) Stock Fundamental Analysis
USA - NASDAQ:SMCI - US86800U3023 - Common Stock
51.96 USD
+1.59 (+3.16%)
52.0799 USD
+0.12 (+0.23%)
Overall SMCI gets a fundamental rating of 6 out of 10. We evaluated SMCI against 34 industry peers in the Technology Hardware, Storage & Peripherals industry. SMCI has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. SMCI is growing strongly while it is still valued neutral. This is a good combination! This makes SMCI very considerable for growth and quality 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.
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 7.48% is amongst the best of the industry. SMCI outperforms 82.35% of its industry peers.
Looking at the Return On Equity, with a value of 16.64%, SMCI belongs to the top of the industry, outperforming 85.29% of the companies in the same industry.
SMCI has a Return On Invested Capital of 9.76%. This is in the better half of the industry: SMCI outperforms 70.59% of its industry peers.
The Average Return On Invested Capital over the past 3 years for SMCI is above the industry average of 15.67%.
The 3 year average ROIC (18.19%) for SMCI is well above the current ROIC(9.76%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.48% | ||
| ROE | 16.64% | ||
| ROIC | 9.76% |
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 4.77%, SMCI is in the better half of the industry, outperforming 73.53% 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 5.70%. This is comparable to the rest of the industry: SMCI outperforms 58.82% of its industry peers.
In the last couple of years the Operating Margin of SMCI has grown nicely.
SMCI has a worse Gross Margin (11.06%) than 79.41% of its industry peers.
In the last couple of years the Gross Margin of SMCI has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 5.7% | ||
| PM (TTM) | 4.77% | ||
| GM | 11.06% |
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
The number of shares outstanding for SMCI has been increased compared to 5 years ago.
The debt/assets ratio for SMCI is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 5.39 indicates that SMCI is not in any danger for bankruptcy at the moment.
The Altman-Z score of SMCI (5.39) is better than 79.41% of its industry peers.
The Debt to FCF ratio of SMCI is 3.10, which is a good value as it means it would take SMCI, 3.10 years of fcf income to pay off all of its debts.
SMCI has a Debt to FCF ratio of 3.10. This is in the better half of the industry: SMCI outperforms 76.47% of its industry peers.
A Debt/Equity ratio of 0.74 indicates that SMCI is somewhat dependend on debt financing.
SMCI has a Debt to Equity ratio (0.74) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.74 | ||
| Debt/FCF | 3.1 | ||
| Altman-Z | 5.39 |
ROIC/WACC1.23
WACC7.93%
2.3 Liquidity
SMCI has a Current Ratio of 5.25. This indicates that SMCI is financially healthy and has no problem in meeting its short term obligations.
SMCI has a better Current ratio (5.25) than 91.18% of its industry peers.
A Quick Ratio of 3.25 indicates that SMCI has no problem at all paying its short term obligations.
SMCI's Quick ratio of 3.25 is amongst the best of the industry. SMCI outperforms 88.24% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 5.25 | ||
| Quick Ratio | 3.25 |
3. Growth
3.1 Past
The earnings per share for SMCI have decreased by -5.89% 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.
The Revenue has grown by 46.59% 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 45.76% on average per year.
EPS 1Y (TTM)-5.89%
EPS 3Y54.17%
EPS 5Y50.41%
EPS Q2Q%-34.4%
Revenue 1Y (TTM)46.59%
Revenue growth 3Y61.71%
Revenue growth 5Y45.76%
Sales Q2Q%8.45%
3.2 Future
The Earnings Per Share is expected to grow by 27.85% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 19.86% on average over the next years. This is quite good.
EPS Next Y26.8%
EPS Next 2Y26.39%
EPS Next 3Y27.85%
EPS Next 5YN/A
Revenue Next Year45.02%
Revenue Next 2Y34.26%
Revenue Next 3Y29.16%
Revenue Next 5Y19.86%
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.
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 25.22 indicates a quite expensive valuation of SMCI.
SMCI's Price/Earnings ratio is a bit cheaper when compared to the industry. SMCI is cheaper than 67.65% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.10. SMCI is around the same levels.
The Price/Forward Earnings ratio is 19.86, which indicates a rather expensive current valuation of SMCI.
Compared to the rest of the industry, the Price/Forward Earnings ratio of SMCI is on the same level as its industry peers.
The average S&P500 Price/Forward Earnings ratio is at 22.52. SMCI is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.22 | ||
| Fwd PE | 19.86 |
4.2 Price Multiples
67.65% 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 indicates a somewhat cheap valuation: SMCI is cheaper than 73.53% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 20.15 | ||
| EV/EBITDA | 22.51 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap 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 27.85% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.94
PEG (5Y)0.5
EPS Next 2Y26.39%
EPS Next 3Y27.85%
5. Dividend
5.1 Amount
SMCI does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
51.96
+1.59 (+3.16%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryTechnology Hardware, Storage & Peripherals
Earnings (Last)
Earnings (Next)
Inst Owners52.47%
Inst Owner Change-0.06%
Ins Owners14.02%
Ins Owner Change-1.51%
Market Cap30.88B
Revenue(TTM)21.97B
Net Income(TTM)1.05B
Analysts68.46
Price Target48.3 (-7.04%)
Short Float %17.06%
Short Ratio2.92
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)-23.84%
Min EPS beat(2)-39.29%
Max EPS beat(2)-8.4%
EPS beat(4)0
Avg EPS beat(4)-14.71%
Min EPS beat(4)-39.29%
Max EPS beat(4)-3.94%
EPS beat(8)3
Avg EPS beat(8)-6.13%
EPS beat(12)6
Avg EPS beat(12)-0.14%
EPS beat(16)10
Avg EPS beat(16)7.99%
Revenue beat(2)0
Avg Revenue beat(2)-10.49%
Min Revenue beat(2)-16.76%
Max Revenue beat(2)-4.23%
Revenue beat(4)0
Avg Revenue beat(4)-7.68%
Min Revenue beat(4)-16.76%
Max Revenue beat(4)-4.23%
Revenue beat(8)2
Avg Revenue beat(8)-2%
Revenue beat(12)4
Avg Revenue beat(12)-1.1%
Revenue beat(16)7
Avg Revenue beat(16)0.44%
PT rev (1m)1.23%
PT rev (3m)12.94%
EPS NQ rev (1m)0.02%
EPS NQ rev (3m)-20.79%
EPS NY rev (1m)0%
EPS NY rev (3m)-7.23%
Revenue NQ rev (1m)0.42%
Revenue NQ rev (3m)-1.22%
Revenue NY rev (1m)-0.23%
Revenue NY rev (3m)7.61%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.22 | ||
| Fwd PE | 19.86 | ||
| P/S | 1.41 | ||
| P/FCF | 20.15 | ||
| P/OCF | 18.61 | ||
| P/B | 4.9 | ||
| P/tB | 4.9 | ||
| EV/EBITDA | 22.51 |
EPS(TTM)2.06
EY3.96%
EPS(NY)2.62
Fwd EY5.03%
FCF(TTM)2.58
FCFY4.96%
OCF(TTM)2.79
OCFY5.37%
SpS36.97
BVpS10.6
TBVpS10.6
PEG (NY)0.94
PEG (5Y)0.5
Graham Number22.17
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.48% | ||
| ROE | 16.64% | ||
| ROCE | 10.73% | ||
| ROIC | 9.76% | ||
| ROICexc | 17.52% | ||
| ROICexgc | 17.52% | ||
| OM | 5.7% | ||
| PM (TTM) | 4.77% | ||
| GM | 11.06% | ||
| FCFM | 6.97% |
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-Score6
Asset Turnover1.57
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.74 | ||
| Debt/FCF | 3.1 | ||
| Debt/EBITDA | 3.57 | ||
| Cap/Depr | 218.04% | ||
| Cap/Sales | 0.58% | ||
| Interest Coverage | 49.16 | ||
| Cash Conversion | 126.55% | ||
| Profit Quality | 146.09% | ||
| Current Ratio | 5.25 | ||
| Quick Ratio | 3.25 | ||
| Altman-Z | 5.39 |
F-Score6
WACC7.93%
ROIC/WACC1.23
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)-5.89%
EPS 3Y54.17%
EPS 5Y50.41%
EPS Q2Q%-34.4%
EPS Next Y26.8%
EPS Next 2Y26.39%
EPS Next 3Y27.85%
EPS Next 5YN/A
Revenue 1Y (TTM)46.59%
Revenue growth 3Y61.71%
Revenue growth 5Y45.76%
Sales Q2Q%8.45%
Revenue Next Year45.02%
Revenue Next 2Y34.26%
Revenue Next 3Y29.16%
Revenue Next 5Y19.86%
EBIT growth 1Y3.49%
EBIT growth 3Y54.89%
EBIT growth 5Y71.02%
EBIT Next Year35.3%
EBIT Next 3Y25.43%
EBIT Next 5YN/A
FCF growth 1Y158.7%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y166.76%
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 7 / 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 25.22 and the Price/Book (PB) ratio is 4.9.
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 26.8% in the next year.