SMITH MICRO SOFTWARE INC (SMSI)
US8321544053 - Common Stock
Overall SMSI gets a fundamental rating of 3 out of 10. We evaluated SMSI against 279 industry peers in the Software industry. The financial health of SMSI is average, but there are quite some concerns on its profitability. SMSI is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year SMSI has reported negative net income.
In the past year SMSI has reported a negative cash flow from operations.
In multiple years SMSI reported negative net income over the last 5 years.
The reported operating cash flow has been mixed in the past 5 years: SMSI reported negative operating cash flow in multiple years.
1.2 Ratios
SMSI's Return On Assets of -93.94% is on the low side compared to the rest of the industry. SMSI is outperformed by 90.68% of its industry peers.
SMSI's Return On Equity of -116.03% is on the low side compared to the rest of the industry. SMSI is outperformed by 79.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -93.94% | ||
| ROE | -116.03% | ||
| ROIC | N/A |
ROA(3y)-27.96%
ROA(5y)-12.17%
ROE(3y)-33.85%
ROE(5y)-14.54%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
SMSI has a Gross Margin (72.87%) which is in line with its industry peers.
In the last couple of years the Gross Margin of SMSI has declined.
SMSI does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 72.87% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-6.21%
GM growth 5Y-2.35%
2. Health
2.1 Basic Checks
SMSI does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for SMSI has been increased compared to 1 year ago.
The number of shares outstanding for SMSI has been increased compared to 5 years ago.
SMSI has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
Based on the Altman-Z score of -8.87, we must say that SMSI is in the distress zone and has some risk of bankruptcy.
SMSI has a Altman-Z score of -8.87. This is amonst the worse of the industry: SMSI underperforms 88.89% of its industry peers.
There is no outstanding debt for SMSI. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | N/A | ||
| Altman-Z | -8.87 |
ROIC/WACCN/A
WACC10.59%
2.3 Liquidity
SMSI has a Current Ratio of 1.53. This is a normal value and indicates that SMSI is financially healthy and should not expect problems in meeting its short term obligations.
SMSI has a Current ratio (1.53) which is comparable to the rest of the industry.
SMSI has a Quick Ratio of 1.53. This is a normal value and indicates that SMSI is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of SMSI (1.53) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.53 | ||
| Quick Ratio | 1.53 |
3. Growth
3.1 Past
SMSI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 52.60%, which is quite impressive.
SMSI shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -31.19%.
Measured over the past years, SMSI shows a quite strong growth in Revenue. The Revenue has been growing by 9.23% on average per year.
EPS 1Y (TTM)52.6%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-375%
Revenue 1Y (TTM)-31.19%
Revenue growth 3Y-7.3%
Revenue growth 5Y9.23%
Sales Q2Q%-50.28%
3.2 Future
Based on estimates for the next years, SMSI will show a very strong growth in Earnings Per Share. The EPS will grow by 38.99% on average per year.
The Revenue is expected to grow by 19.26% on average over the next years. This is quite good.
EPS Next Y-104%
EPS Next 2Y45.86%
EPS Next 3Y38.99%
EPS Next 5YN/A
Revenue Next Year-47.59%
Revenue Next 2Y-4.38%
Revenue Next 3Y7.68%
Revenue Next 5Y19.26%
3.3 Evolution
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
SMSI reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
A Price/Forward Earnings ratio of 11.03 indicates a reasonable valuation of SMSI.
SMSI's Price/Forward Earnings ratio is rather cheap when compared to the industry. SMSI is cheaper than 93.19% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.79, SMSI is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 11.03 |
4.2 Price Multiples
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
SMSI's earnings are expected to grow with 38.99% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y45.86%
EPS Next 3Y38.99%
5. Dividend
5.1 Amount
No dividends for SMSI!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
SMITH MICRO SOFTWARE INC
NASDAQ:SMSI (11/12/2024, 7:29:03 PM)
After market: 0.8853 -0.01 (-1.63%)0.9
+0.01 (+1.12%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap15.97M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
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Surprises & Revisions
EPS beat(2)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
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Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 11.03 | ||
| 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)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -93.94% | ||
| ROE | -116.03% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 72.87% | ||
| 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 Turnover0.58
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.53 | ||
| Quick Ratio | 1.53 | ||
| 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)52.6%
EPS 3YN/A
EPS 5Y
EPS Q2Q%
EPS Next Y-104%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-31.19%
Revenue growth 3Y-7.3%
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