SMCI Stock Intrinsic Value – SUPER MICRO COMPUTER Reports 33.6% Increase in Revenue for Q4 of FY2023
August 21, 2023
☀️Earnings Overview
For the fourth quarter of FY2023, SUPER MICRO COMPUTER ($NASDAQ:SMCI) reported a 33.6% jump in total revenue to USD 2184.9 million compared to the same period last year, while net income rose 37.5% year over year to USD 193.6 million.
Analysis – SMCI Stock Intrinsic Value
GoodWhale has conducted an analysis of the fundamentals of SUPER MICRO COMPUTER and found that the intrinsic value of its shares is around $75.4. This value was determined using our proprietary Valuation Line. Currently, SUPER MICRO COMPUTER stock is being traded at $347.4, representing an overvaluation of 360.6%. This means that the company is not a good investment option at this time, as it is overpriced relative to its underlying value. However, investors who can purchase the stock at a discount could potentially profit from it in the future as the market eventually corrects itself and prices catch up with the true value of the company. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for SMCI. More…
| Total Revenues | Net Income | Net Margin |
| 7.12k | 640 | 9.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for SMCI. More…
| Operations | Investing | Financing |
| 663.58 | -39.49 | -448.29 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for SMCI. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.67k | 1.7k | 37.57 |
Key Ratios Snapshot
Some of the financial key ratios for SMCI are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 28.7% | 107.1% | 10.7% |
| FCF Margin | ROE | ROA |
| 9.3% | 25.6% | 13.0% |
Peers
In the computer technology industry, there is intense competition between Super Micro Computer Inc and its competitors NetApp Inc, Quantum Corp, and Peraso Inc. All four companies are constantly innovating and introducing new products and services in an attempt to gain market share. This competition benefits consumers as it results in lower prices and better products and services.
– NetApp Inc ($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
SUPER MICRO COMPUTER’s financial performance for the fourth quarter of FY2023 was strong, with total revenue increasing 33.6% to USD 2184.9 million and net income increasing 37.5% to USD 193.6 million. This is a positive indicator for investors, as the company is continuing to experience steady growth. The company’s success can be attributed to its focus on innovation and customer satisfaction, which have helped it remain competitive in the market and attract new customers. In light of this positive outlook, investors should consider SUPER MICRO COMPUTER as a potential investment opportunity.
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