SMCI Intrinsic Value – SUPER MICRO COMPUTER Reports Record Q4 Earnings for FY2023
August 14, 2023
☀️Earnings Overview
For the quarter ending June 30 2023, SUPER MICRO COMPUTER ($NASDAQ:SMCI) reported total revenue of USD 2184.9 million, a 33.6% increase from the same period in the previous year. Additionally, net income was up 37.5%, amounting to USD 193.6 million, when compared to the previous year’s quarter. These results were announced on August 8 2023.
Price History
On Tuesday, SUPER MICRO COMPUTER reported record earnings for their fourth quarter in the fiscal year of 2023. These impressive numbers moved SUPER MICRO COMPUTER’s stock opening price at $344.8, however it closed at $347.4, which was a decrease of 1.7% from their last closing price of 353.3. Despite the dip in stock price, the company is pleased with their performance and continuing success. They have attributed their success to their strong management team, innovative products, and continued commitment to customer service and satisfaction.
Investors seem to remain confident in their success as they continue to invest in the company. Super Micro Computer has established itself as a leader in the technology industry with this impressive financial performance and investors are optimistic about the company’s future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for SMCI. More…
| Total Revenues | Net Income | Net Margin |
| 7.12k | 640 | 9.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for SMCI. More…
| Operations | Investing | Financing |
| 663.58 | -39.49 | -448.29 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for SMCI. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.67k | 1.7k | 37.57 |
Key Ratios Snapshot
Some of the financial key ratios for SMCI are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 28.7% | 107.1% | 10.7% |
| FCF Margin | ROE | ROA |
| 9.3% | 25.6% | 13.0% |
Analysis – SMCI Intrinsic Value
GoodWhale has conducted an analysis of the fundamentals of SUPER MICRO COMPUTER and arrived at a fair value of $72.8 per share, calculated using our proprietary Valuation Line. This value is significantly below the current trading price of $347.4, a discrepancy of 376.9%. We believe this indicates that SUPER MICRO COMPUTER is currently significantly overvalued in the market. More…
Peers
In the computer technology industry, there is intense competition between Super Micro Computer Inc and its competitors NetApp Inc, Quantum Corp, and Peraso Inc. All four companies are constantly innovating and introducing new products and services in an attempt to gain market share. This competition benefits consumers as it results in lower prices and better products and services.
– NetApp Inc ($NASDAQ:NTAP)
NetApp Inc is a American computer storage and data management company headquartered in Sunnyvale, California. It was founded in 1992 by Dave Hitz, Michael Malcolm, and James Lau. The company provides software, systems, and services to manage and store data. NetApp’s product portfolio includes data management, ONTAP software, all-flash storage, converged systems, cloud data services, and more. As of 2022, NetApp has a market cap of 13.54B and a ROE of 100.42%.
– Quantum Corp ($NASDAQ:QMCO)
Quantum Corporation is a data storage company that provides solutions for capturing, storing, managing, and protecting digital information. The company has a market cap of 119.09M as of 2022 and a return on equity of 16.28%. Quantum’s products are used in a variety of industries, including media and entertainment, healthcare, government, and education.
– Peraso Inc ($NASDAQ:PRSO)
Peraso Inc is a Canadian technology company that develops and manufactures advanced wireless products using 60 GHz millimeter wave technology. The company has a market cap of 32.31M as of 2022 and a Return on Equity of -24.88%. The company’s products are used in a variety of applications including 4G/5G backhaul, fixed wireless access, video streaming and virtual reality.
Summary
Investors may find Super Micro Computer (SMC) to be an attractive investment opportunity. SMC reported strong financial results for the fourth quarter of 2023, with total revenue increasing 33.6% year-over-year and net income soaring 37.5%. These results indicate that SMC is performing well and presents a solid investment opportunity.
Furthermore, the company continues to invest in innovation and expand its business operations, which bodes well for its future growth prospects. This makes SMC a viable option for investors looking for long-term growth and appreciation.
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