SUPER MICRO COMPUTER INC (SMCI)
US86800U3023 - Common Stock
Overall SMCI gets a fundamental rating of 6 out of 10. We evaluated SMCI against 31 industry peers in the Technology Hardware, Storage & Peripherals industry. While SMCI belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. SMCI is not priced too expensively while it is growing strongly. Keep and eye on this one! This makes SMCI very considerable for growth investing!
1. Profitability
1.1 Basic Checks
SMCI had positive earnings in the past year.
SMCI had a negative operating cash flow in the past year.
SMCI had positive earnings in each of the past 5 years.
In multiple years SMCI reported negative operating cash flow during the last 5 years.
1.2 Ratios
With an excellent Return On Assets value of 11.84%, SMCI belongs to the best of the industry, outperforming 87.10% of the companies in the same industry.
Looking at the Return On Equity, with a value of 20.59%, SMCI belongs to the top of the industry, outperforming 87.10% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 14.50%, SMCI is in the better half of the industry, outperforming 77.42% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for SMCI is significantly above the industry average of 15.77%.
The last Return On Invested Capital (14.50%) for SMCI is well below the 3 year average (20.84%), which needs to be investigated, but indicates that SMCI had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.84% | ||
| ROE | 20.59% | ||
| ROIC | 14.5% |
ROA(3y)12.82%
ROA(5y)9.57%
ROE(3y)24.85%
ROE(5y)18.53%
ROIC(3y)20.84%
ROIC(5y)15.53%
1.3 Margins
SMCI's Profit Margin of 8.88% is amongst the best of the industry. SMCI outperforms 83.87% of its industry peers.
SMCI's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 9.72%, SMCI is in the better half of the industry, outperforming 77.42% of the companies in the same industry.
SMCI's Operating Margin has improved in the last couple of years.
SMCI has a worse Gross Margin (15.97%) than 87.10% of its industry peers.
SMCI's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.72% | ||
| PM (TTM) | 8.88% | ||
| GM | 15.97% |
OM growth 3Y34.48%
OM growth 5Y24.99%
PM growth 3Y36.98%
PM growth 5Y31.53%
GM growth 3Y-2.02%
GM growth 5Y-0.03%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), SMCI is creating some value.
SMCI has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, SMCI has more shares outstanding
SMCI has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 5.89 indicates that SMCI is not in any danger for bankruptcy at the moment.
SMCI's Altman-Z score of 5.89 is amongst the best of the industry. SMCI outperforms 87.10% of its industry peers.
A Debt/Equity ratio of 0.35 indicates that SMCI is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.35, SMCI is in line with its industry, outperforming 58.06% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.35 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 5.89 |
ROIC/WACC1.19
WACC12.16%
2.3 Liquidity
A Current Ratio of 4.69 indicates that SMCI has no problem at all paying its short term obligations.
SMCI has a better Current ratio (4.69) than 87.10% of its industry peers.
A Quick Ratio of 2.29 indicates that SMCI has no problem at all paying its short term obligations.
The Quick ratio of SMCI (2.29) is better than 83.87% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.69 | ||
| Quick Ratio | 2.29 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 85.45% over the past year.
SMCI shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 66.56% yearly.
Looking at the last year, SMCI shows a very strong growth in Revenue. The Revenue has grown by 109.77%.
The Revenue has been growing by 33.68% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)85.45%
EPS 3Y106.48%
EPS 5Y66.56%
EPS Q2Q%78.06%
Revenue 1Y (TTM)109.77%
Revenue growth 3Y61.35%
Revenue growth 5Y33.68%
Sales Q2Q%142.95%
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 16.16% yearly.
The Revenue is expected to grow by 9.60% on average over the next years. This is quite good.
EPS Next Y48.42%
EPS Next 2Y36.72%
EPS Next 3Y16.16%
EPS Next 5YN/A
Revenue Next Year77.81%
Revenue Next 2Y43.34%
Revenue Next 3Y28.87%
Revenue Next 5Y9.6%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
SMCI is valuated correctly with a Price/Earnings ratio of 14.63.
SMCI's Price/Earnings ratio is rather cheap when compared to the industry. SMCI is cheaper than 80.65% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.42, SMCI is valued a bit cheaper.
SMCI is valuated reasonably with a Price/Forward Earnings ratio of 9.85.
Compared to the rest of the industry, the Price/Forward Earnings ratio of SMCI indicates a rather cheap valuation: SMCI is cheaper than 80.65% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.56. SMCI is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.63 | ||
| Fwd PE | 9.85 |
4.2 Price Multiples
64.52% of the companies in the same industry are more expensive than SMCI, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 15.2 |
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.
The decent profitability rating of SMCI may justify a higher PE ratio.
SMCI's earnings are expected to grow with 16.16% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.3
PEG (5Y)0.22
EPS Next 2Y36.72%
EPS Next 3Y16.16%
5. Dividend
5.1 Amount
SMCI does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
SUPER MICRO COMPUTER INC
NASDAQ:SMCI (12/20/2024, 2:04:10 PM)
32.045
+0.81 (+2.58%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryTechnology Hardware, Storage & Peripherals
Earnings (Last)
Earnings (Next)
Inst Owners5.37%
Inst Owner Change0.61%
Ins Owners11.73%
Ins Owner Change1.13%
Market Cap18.76B
Analysts54.12
Price Target46.93 (46.45%)
Short Float %17.83%
Short Ratio1.01
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)11.89%
Min EPS beat(2)11.05%
Max EPS beat(2)12.74%
EPS beat(4)4
Avg EPS beat(4)12.54%
Min EPS beat(4)10.03%
Max EPS beat(4)16.33%
EPS beat(8)7
Avg EPS beat(8)14.01%
EPS beat(12)11
Avg EPS beat(12)17.71%
EPS beat(16)15
Avg EPS beat(16)32.01%
Revenue beat(2)1
Avg Revenue beat(2)6.56%
Min Revenue beat(2)-4.49%
Max Revenue beat(2)17.62%
Revenue beat(4)3
Avg Revenue beat(4)4.86%
Min Revenue beat(4)-4.49%
Max Revenue beat(4)17.62%
Revenue beat(8)5
Avg Revenue beat(8)3.2%
Revenue beat(12)8
Avg Revenue beat(12)3.52%
Revenue beat(16)10
Avg Revenue beat(16)3.73%
PT rev (1m)-40.01%
PT rev (3m)-94.77%
EPS NQ rev (1m)-90.04%
EPS NQ rev (3m)-90.04%
EPS NY rev (1m)-4.96%
EPS NY rev (3m)-90.85%
Revenue NQ rev (1m)0.17%
Revenue NQ rev (3m)0.17%
Revenue NY rev (1m)-4.16%
Revenue NY rev (3m)-6.32%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.63 | ||
| Fwd PE | 9.85 | ||
| P/S | 1.59 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 3.68 | ||
| P/tB | 3.68 | ||
| EV/EBITDA | 15.2 |
EPS(TTM)2.19
EY6.83%
EPS(NY)3.25
Fwd EY10.15%
FCF(TTM)-3.37
FCFYN/A
OCF(TTM)-3.17
OCFYN/A
SpS20.18
BVpS8.7
TBVpS8.7
PEG (NY)0.3
PEG (5Y)0.22
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.84% | ||
| ROE | 20.59% | ||
| ROCE | 16.08% | ||
| ROIC | 14.5% | ||
| ROICexc | 20.61% | ||
| ROICexgc | 20.61% | ||
| OM | 9.72% | ||
| PM (TTM) | 8.88% | ||
| GM | 15.97% | ||
| FCFM | N/A |
ROA(3y)12.82%
ROA(5y)9.57%
ROE(3y)24.85%
ROE(5y)18.53%
ROIC(3y)20.84%
ROIC(5y)15.53%
ROICexc(3y)25.7%
ROICexc(5y)19.11%
ROICexgc(3y)25.7%
ROICexgc(5y)19.11%
ROCE(3y)23.1%
ROCE(5y)17.22%
ROICexcg growth 3Y21.9%
ROICexcg growth 5Y13.58%
ROICexc growth 3Y21.9%
ROICexc growth 5Y13.58%
OM growth 3Y34.48%
OM growth 5Y24.99%
PM growth 3Y36.98%
PM growth 5Y31.53%
GM growth 3Y-2.02%
GM growth 5Y-0.03%
F-Score2
Asset Turnover1.33
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.35 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 1.5 | ||
| Cap/Depr | 310.41% | ||
| Cap/Sales | 1% | ||
| Interest Coverage | 71.31 | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 4.69 | ||
| Quick Ratio | 2.29 | ||
| Altman-Z | 5.89 |
F-Score2
WACC12.16%
ROIC/WACC1.19
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)85.45%
EPS 3Y106.48%
EPS 5Y66.56%
EPS Q2Q%78.06%
EPS Next Y48.42%
EPS Next 2Y36.72%
EPS Next 3Y16.16%
EPS Next 5YN/A
Revenue 1Y (TTM)109.77%
Revenue growth 3Y61.35%
Revenue growth 5Y33.68%
Sales Q2Q%142.95%
Revenue Next Year77.81%
Revenue Next 2Y43.34%
Revenue Next 3Y28.87%
Revenue Next 5Y9.6%
EBIT growth 1Y64.25%
EBIT growth 3Y116.98%
EBIT growth 5Y67.08%
EBIT Next Year55.34%
EBIT Next 3Y33.71%
EBIT Next 5YN/A
FCF growth 1Y-424.23%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-386.12%
OCF growth 3YN/A
OCF growth 5YN/A