Super Micro Computer, Inc.

WBAG:SMC2 Stock Report

Market Cap: €16.4b

Super Micro Computer Valuation

Is SMC2 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of SMC2 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
€168.79
Fair Value
84.0% undervalued intrinsic discount
14
Number of Analysts

Below Fair Value: SMC2 (€27.07) is trading below our estimate of fair value (€168.79)

Significantly Below Fair Value: SMC2 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SMC2?

Key metric: As SMC2 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for SMC2. This is calculated by dividing SMC2's market cap by their current earnings.
What is SMC2's PE Ratio?
PE Ratio12.9x
EarningsUS$1.44b
Market CapUS$18.70b

Price to Earnings Ratio vs Peers

How does SMC2's PE Ratio compare to its peers?

The above table shows the PE ratio for SMC2 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average41.2x
688036 Shenzhen Transsion Holdings
17.1x16.9%CN¥95.4b
HPE Hewlett Packard Enterprise
7.2x1.0%US$19.9b
4901 FUJIFILM Holdings
13x8.8%JP¥3.3t
PSTG Pure Storage
127.5x32.8%US$13.6b
SMC2 Super Micro Computer
12.9x29.8%€18.7b

Price-To-Earnings vs Peers: SMC2 is good value based on its Price-To-Earnings Ratio (12.9x) compared to the peer average (41.2x).

Price to Earnings Ratio vs Industry

How does SMC2's PE Ratio compare vs other companies in the European Tech Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
SMC2 12.9xIndustry Avg. 15.3xNo. of Companies5PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SMC2 is good value based on its Price-To-Earnings Ratio (12.9x) compared to the European Tech industry average (15.3x).

Price to Earnings Ratio vs Fair Ratio

What is SMC2's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SMC2 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate SMC2's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst SMC2 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€27.07
€45.51
+68.1%
40.0%€81.77€13.19n/a14
Apr ’26€31.95
€48.60
+52.1%
38.5%€86.12€13.89n/a14
Mar ’26€38.98
€48.93
+25.5%
39.9%€89.67€14.46n/a13
Feb ’26€27.74
€39.16
+41.2%
51.5%€89.27€14.40n/a11
Jan ’26€30.05
€40.18
+33.7%
47.0%€89.13€22.04n/a11
Dec ’25€30.98
€38.30
+23.6%
50.8%€88.34€21.85n/a10
Nov ’25€25.96
€57.81
+122.7%
38.7%€92.28€29.63n/a11
Oct ’25€37.69
€67.68
+79.6%
42.5%€117.44€29.36n/a15
Sep ’25n/a
€79.25
0%
39.5%€135.44€29.34n/a13
Aug ’25n/a
€95.36
0%
27.5%€138.41€29.99n/a14
Jul ’25n/a
€95.83
0%
28.1%€139.23€26.45n/a14
Jun ’25n/a
€95.83
0%
28.1%€139.23€26.45n/a14
May ’25n/a
€90.50
0%
32.7%€140.30€26.66n/a15
Apr ’25n/a
€84.82
0%
35.6%€124.55€23.07€31.9515
Mar ’25n/a
€68.70
0%
34.2%€119.81€23.04€38.9814
Feb ’25n/a
€52.41
0%
22.3%€64.56€23.06€27.7411
Jan ’25n/a
€33.55
0%
26.0%€45.87€14.68€30.0510
Dec ’24n/a
€35.33
0%
21.2%€47.08€22.60€30.9810
Nov ’24n/a
€34.18
0%
20.4%€47.10€22.61€25.9610
Oct ’24n/a
€34.08
0%
18.6%€46.82€23.41€37.699
Sep ’24n/a
€33.59
0%
19.1%€45.56€22.78n/a8
Aug ’24n/a
€25.85
0%
43.7%€36.05€5.84n/a8
Jul ’24n/a
€21.05
0%
52.7%€36.49€5.93n/a7
Jun ’24n/a
€16.90
0%
60.5%€37.20€6.05n/a6
May ’24n/a
€9.65
0%
37.9%€16.05€5.96n/a5
Apr ’24n/a
€9.18
0%
39.3%€15.93€5.92n/a5
AnalystConsensusTarget
Consensus Narrative from 14 Analysts
€44.48
Fair Value
39.1% undervalued intrinsic discount
14
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/04/20 02:20
End of Day Share Price 2025/04/17 00:00
Earnings2024/12/31
Annual Earnings2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Super Micro Computer, Inc. is covered by 32 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Dong WangBarclays
Ruplu BhattacharyaBofA Global Research
Shreya GheewalaCFRA Equity Research