SUPER MICRO COMPUTER INC (SMCI)
US86800U3023 - Common Stock
Overall SMCI gets a fundamental rating of 7 out of 10. We evaluated SMCI against 32 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 evaluated to be cheap and growing strongly. This does not happen too often! These ratings would make SMCI suitable for value and growth investing!
1. Profitability
1.1 Basic Checks
In the past year SMCI was profitable.
SMCI had a negative operating cash flow in the past year.
Each year in the past 5 years SMCI has been profitable.
In multiple years SMCI reported negative operating cash flow during the last 5 years.
1.2 Ratios
SMCI has a Return On Assets of 11.84%. This is amongst the best in the industry. SMCI outperforms 87.50% of its industry peers.
SMCI has a Return On Equity of 20.59%. This is amongst the best in the industry. SMCI outperforms 87.50% of its industry peers.
With a decent Return On Invested Capital value of 14.50%, SMCI is doing good in the industry, outperforming 75.00% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for SMCI is above the industry average of 16.81%.
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
Looking at the Profit Margin, with a value of 8.88%, SMCI belongs to the top of the industry, outperforming 84.38% of the companies in the same industry.
In the last couple of years the Profit Margin of SMCI has grown nicely.
Looking at the Operating Margin, with a value of 9.72%, SMCI is in the better half of the industry, outperforming 78.13% of the companies in the same industry.
In the last couple of years the Operating Margin of SMCI has grown nicely.
SMCI's Gross Margin of 15.97% is on the low side compared to the rest of the industry. SMCI is outperformed by 87.50% 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
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
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 5.39. This indicates that SMCI is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of SMCI (5.39) is better than 87.50% of its industry peers.
A Debt/Equity ratio of 0.35 indicates that SMCI is not too dependend on debt financing.
SMCI has a Debt to Equity ratio (0.35) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.35 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 5.39 |
ROIC/WACC1.34
WACC10.86%
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 81.25% of its industry peers.
SMCI has a Quick Ratio of 2.29. This indicates that SMCI is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 2.29, SMCI belongs to the top of the industry, outperforming 81.25% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.69 | ||
| Quick Ratio | 2.29 |
3. Growth
3.1 Past
SMCI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 85.45%, which is quite impressive.
The Earnings Per Share has been growing by 66.56% on average over the past years. This is a very strong growth
SMCI shows a strong growth in Revenue. In the last year, the Revenue has grown by 109.77%.
SMCI shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 33.68% yearly.
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 a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 36.72% yearly.
Based on estimates for the next years, SMCI will show a quite strong growth in Revenue. The Revenue will grow by 9.60% on average per year.
EPS Next Y56.17%
EPS Next 2Y41.31%
EPS Next 3Y36.72%
EPS Next 5YN/A
Revenue Next Year85.53%
Revenue Next 2Y43.28%
Revenue Next 3Y31.5%
Revenue Next 5Y9.6%
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.
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
With a Price/Earnings ratio of 11.78, the valuation of SMCI can be described as very reasonable.
Compared to the rest of the industry, the Price/Earnings ratio of SMCI indicates a rather cheap valuation: SMCI is cheaper than 81.25% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 28.68, SMCI is valued rather cheaply.
A Price/Forward Earnings ratio of 7.54 indicates a rather cheap valuation of SMCI.
SMCI's Price/Forward Earnings ratio is rather cheap when compared to the industry. SMCI is cheaper than 90.63% of the companies in the same industry.
SMCI is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.58, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.78 | ||
| Fwd PE | 7.54 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of SMCI indicates a somewhat cheap valuation: SMCI is cheaper than 71.88% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 12.51 |
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.
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 36.72% in the coming years.
PEG (NY)0.21
PEG (5Y)0.18
EPS Next 2Y41.31%
EPS Next 3Y36.72%
5. Dividend
5.1 Amount
No dividends for SMCI!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
SUPER MICRO COMPUTER INC
NASDAQ:SMCI (11/20/2024, 8:00:02 PM)
Premarket: 25.65 -0.15 (-0.58%)25.8
-2.47 (-8.74%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryTechnology Hardware, Storage & Peripherals
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap15.11B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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EPS beat(16)
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Revenue beat(2)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
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EPS NY rev (3m)
Revenue NQ rev (1m)
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.78 | ||
| Fwd PE | 7.54 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.21
PEG (5Y)0.18
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.84% | ||
| ROE | 20.59% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 9.72% | ||
| PM (TTM) | 8.88% | ||
| GM | 15.97% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover1.33
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.35 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 4.69 | ||
| Quick Ratio | 2.29 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)85.45%
EPS 3Y106.48%
EPS 5Y
EPS Q2Q%
EPS Next Y56.17%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)109.77%
Revenue growth 3Y61.35%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y