SUPER MICRO COMPUTER INC (SMCI) Fundamental Analysis & Valuation

NASDAQ:SMCI • US86800U3023

Current stock price

20.53 USD
-10.26 (-33.32%)
At close:
20.9113 USD
+0.38 (+1.86%)
After Hours:

This SMCI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

7

1. SMCI Profitability Analysis

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.
SMCI Yearly Net Income VS EBIT VS OCF VS FCFSMCI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B -1B -2B

1.2 Ratios

  • SMCI has a better Return On Assets (3.12%) than 72.97% of its industry peers.
  • The Return On Equity of SMCI (12.48%) is better than 83.78% of its industry peers.
  • SMCI has a better Return On Invested Capital (7.44%) than 72.97% of its industry peers.
  • SMCI had an Average Return On Invested Capital over the past 3 years of 18.19%. This is above the industry average of 15.72%.
  • The last Return On Invested Capital (7.44%) 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 RankSector Rank
ROA 3.12%
ROE 12.48%
ROIC 7.44%
ROA(3y)12.21%
ROA(5y)10.1%
ROE(3y)23.46%
ROE(5y)20.12%
ROIC(3y)18.19%
ROIC(5y)16.22%
SMCI Yearly ROA, ROE, ROICSMCI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

1.3 Margins

  • SMCI's Profit Margin of 3.11% is fine compared to the rest of the industry. SMCI outperforms 72.97% of its industry peers.
  • In the last couple of years the Profit Margin of SMCI has grown nicely.
  • SMCI has a Operating Margin of 3.68%. This is in the better half of the industry: SMCI outperforms 67.57% of its industry peers.
  • In the last couple of years the Operating Margin of SMCI has grown nicely.
  • Looking at the Gross Margin, with a value of 8.02%, SMCI is doing worse than 75.68% of the companies in the same industry.
  • SMCI's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 3.68%
PM (TTM) 3.11%
GM 8.02%
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%
SMCI Yearly Profit, Operating, Gross MarginsSMCI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

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4

2. SMCI Health Analysis

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
  • Compared to 5 years ago, SMCI has more shares outstanding
  • The debt/assets ratio for SMCI is higher compared to a year ago.
SMCI Yearly Shares OutstandingSMCI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M 500M
SMCI Yearly Total Debt VS Total AssetsSMCI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B

2.2 Solvency

  • SMCI has an Altman-Z score of 2.31. This is not the best score and indicates that SMCI is in the grey zone with still only limited risk for bankruptcy at the moment.
  • SMCI's Altman-Z score of 2.31 is fine compared to the rest of the industry. SMCI outperforms 62.16% of its industry peers.
  • The Debt to FCF ratio of SMCI is 11.08, which is on the high side as it means it would take SMCI, 11.08 years of fcf income to pay off all of its debts.
  • With a Debt to FCF ratio value of 11.08, SMCI perfoms like the industry average, outperforming 54.05% of the companies in the same industry.
  • SMCI has a Debt/Equity ratio of 0.67. This is a neutral value indicating SMCI is somewhat dependend on debt financing.
  • SMCI's Debt to Equity ratio of 0.67 is in line compared to the rest of the industry. SMCI outperforms 48.65% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.67
Debt/FCF 11.08
Altman-Z 2.31
ROIC/WACC1.03
WACC7.2%
SMCI Yearly LT Debt VS Equity VS FCFSMCI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B 4B 6B

2.3 Liquidity

  • A Current Ratio of 1.70 indicates that SMCI should not have too much problems paying its short term obligations.
  • SMCI has a Current ratio (1.70) which is in line with its industry peers.
  • SMCI has a Quick Ratio of 1.01. This is a normal value and indicates that SMCI is financially healthy and should not expect problems in meeting its short term obligations.
  • SMCI has a Quick ratio (1.01) which is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 1.7
Quick Ratio 1.01
SMCI Yearly Current Assets VS Current LiabilitesSMCI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

8

3. SMCI Growth Analysis

3.1 Past

  • SMCI shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -33.16%.
  • The Earnings Per Share has been growing by 50.41% 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 34.76%.
  • SMCI shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 45.76% yearly.
EPS 1Y (TTM)-33.16%
EPS 3Y54.17%
EPS 5Y50.41%
EPS Q2Q%14.43%
Revenue 1Y (TTM)34.76%
Revenue growth 3Y61.71%
Revenue growth 5Y45.76%
Sales Q2Q%123.36%

3.2 Future

  • The Earnings Per Share is expected to grow by 12.33% on average over the next years. This is quite good.
  • SMCI is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 24.74% yearly.
EPS Next Y9.94%
EPS Next 2Y21%
EPS Next 3Y20.92%
EPS Next 5Y12.33%
Revenue Next Year85.19%
Revenue Next 2Y48.97%
Revenue Next 3Y35.85%
Revenue Next 5Y24.74%

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.
SMCI Yearly Revenue VS EstimatesSMCI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 20B 40B 60B
SMCI Yearly EPS VS EstimatesSMCI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 1 2 3

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7

4. SMCI Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 11.66, the valuation of SMCI can be described as reasonable.
  • Based on the Price/Earnings ratio, SMCI is valued a bit cheaper than the industry average as 72.97% of the companies are valued more expensively.
  • When comparing the Price/Earnings ratio of SMCI to the average of the S&P500 Index (25.23), we can say SMCI is valued rather cheaply.
  • With a Price/Forward Earnings ratio of 6.80, the valuation of SMCI can be described as very cheap.
  • Based on the Price/Forward Earnings ratio, SMCI is valued a bit cheaper than the industry average as 78.38% of the companies are valued more expensively.
  • The average S&P500 Price/Forward Earnings ratio is at 23.28. SMCI is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 11.66
Fwd PE 6.8
SMCI Price Earnings VS Forward Price EarningsSMCI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, SMCI is valued a bit cheaper than 70.27% of the companies in the same industry.
  • The rest of the industry has a similar Price/Free Cash Flow ratio as SMCI.
Industry RankSector Rank
P/FCF 27.94
EV/EBITDA 17.7
SMCI Per share dataSMCI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

4.3 Compensation for Growth

  • SMCI's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The decent profitability rating of SMCI may justify a higher PE ratio.
  • SMCI's earnings are expected to grow with 20.92% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.17
PEG (5Y)0.23
EPS Next 2Y21%
EPS Next 3Y20.92%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. SMCI Dividend Analysis

5.1 Amount

  • SMCI does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

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Find the best dividend stocksShow peers with best dividend

SMCI Fundamentals: All Metrics, Ratios and Statistics

SUPER MICRO COMPUTER INC

NASDAQ:SMCI (3/20/2026, 8:23:01 PM)

After market: 20.9113 +0.38 (+1.86%)

20.53

-10.26 (-33.32%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryTechnology Hardware, Storage & Peripherals
Earnings (Last)02-03
Earnings (Next)05-04
Inst Owners56.51%
Inst Owner Change-16.72%
Ins Owners13.89%
Ins Owner Change0.32%
Market Cap12.33B
Revenue(TTM)28.06B
Net Income(TTM)872.78M
Analysts71.54
Price Target42.45 (106.77%)
Short Float %17%
Short Ratio2.72
Dividend
Industry RankSector 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)1
Avg EPS beat(2)11.9%
Min EPS beat(2)-14.88%
Max EPS beat(2)38.67%
EPS beat(4)1
Avg EPS beat(4)-5.97%
Min EPS beat(4)-39.29%
Max EPS beat(4)38.67%
EPS beat(8)2
Avg EPS beat(8)-5.8%
EPS beat(12)5
Avg EPS beat(12)-1.28%
EPS beat(16)9
Avg EPS beat(16)5.56%
Revenue beat(2)1
Avg Revenue beat(2)1.77%
Min Revenue beat(2)-17.98%
Max Revenue beat(2)21.51%
Revenue beat(4)1
Avg Revenue beat(4)-4.36%
Min Revenue beat(4)-17.98%
Max Revenue beat(4)21.51%
Revenue beat(8)1
Avg Revenue beat(8)-4.19%
Revenue beat(12)4
Avg Revenue beat(12)-1.57%
Revenue beat(16)7
Avg Revenue beat(16)0.27%
PT rev (1m)-7.09%
PT rev (3m)-7.69%
EPS NQ rev (1m)1.06%
EPS NQ rev (3m)13.17%
EPS NY rev (1m)9.16%
EPS NY rev (3m)7.85%
Revenue NQ rev (1m)1.48%
Revenue NQ rev (3m)21.1%
Revenue NY rev (1m)13.73%
Revenue NY rev (3m)13.93%
Valuation
Industry RankSector Rank
PE 11.66
Fwd PE 6.8
P/S 0.44
P/FCF 27.94
P/OCF 22.4
P/B 1.76
P/tB 1.76
EV/EBITDA 17.7
EPS(TTM)1.76
EY8.57%
EPS(NY)3.02
Fwd EY14.71%
FCF(TTM)0.73
FCFY3.58%
OCF(TTM)0.92
OCFY4.46%
SpS46.84
BVpS11.67
TBVpS11.67
PEG (NY)1.17
PEG (5Y)0.23
Graham Number21.5
Profitability
Industry RankSector Rank
ROA 3.12%
ROE 12.48%
ROCE 8.19%
ROIC 7.44%
ROICexc 11.02%
ROICexgc 11.02%
OM 3.68%
PM (TTM) 3.11%
GM 8.02%
FCFM 1.57%
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
Health
Industry RankSector Rank
Debt/Equity 0.67
Debt/FCF 11.08
Debt/EBITDA 4.3
Cap/Depr 198.9%
Cap/Sales 0.39%
Interest Coverage 21.97
Cash Conversion 50.53%
Profit Quality 50.42%
Current Ratio 1.7
Quick Ratio 1.01
Altman-Z 2.31
F-Score4
WACC7.2%
ROIC/WACC1.03
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)-33.16%
EPS 3Y54.17%
EPS 5Y50.41%
EPS Q2Q%14.43%
EPS Next Y9.94%
EPS Next 2Y21%
EPS Next 3Y20.92%
EPS Next 5Y12.33%
Revenue 1Y (TTM)34.76%
Revenue growth 3Y61.71%
Revenue growth 5Y45.76%
Sales Q2Q%123.36%
Revenue Next Year85.19%
Revenue Next 2Y48.97%
Revenue Next 3Y35.85%
Revenue Next 5Y24.74%
EBIT growth 1Y-33.21%
EBIT growth 3Y54.89%
EBIT growth 5Y71.02%
EBIT Next Year22.74%
EBIT Next 3Y30.86%
EBIT Next 5YN/A
FCF growth 1Y360.06%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y504.5%
OCF growth 3YN/A
OCF growth 5YN/A

SUPER MICRO COMPUTER INC / SMCI Fundamental Analysis 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 7 / 10 to SUPER MICRO COMPUTER INC (SMCI). This can be considered as Undervalued.


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 4 / 10.