Super Micro Computer, Inc.

WBAG:SMC2 Stock Report

Market Cap: €17.6b

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.

€46.45
Fair Value
36.4% undervalued intrinsic discount
17
Number of Analysts

Below Fair Value: SMC2 (€29.52) is trading below our estimate of fair value (€46.45)

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 Ratio25.8x
EarningsUS$792.81m
Market CapUS$20.43b

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 Average61.1x
301308 Shenzhen Longsys Electronics
152.5x46.32%CN¥99.8b
6669 Wiwynn
19.6x16.02%NT$870.7b
3017 Asia Vital Components
36.1x31.98%NT$537.6b
000977 Inspur Electronic Information Industry
36.3x28.78%CN¥90.3b
SMC2 Super Micro Computer
25.8x50.67%€20.4b

Price-To-Earnings vs Peers: SMC2 is good value based on its Price-To-Earnings Ratio (25.8x) compared to the peer average (61.1x).

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 25.8xIndustry Avg. 21.9xNo. of Companies5PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SMC2 is expensive based on its Price-To-Earnings Ratio (25.8x) compared to the European Tech industry average (22.2x).

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 Ratio25.8x
Fair PE Ratio56.7x

Price-To-Earnings vs Fair Ratio: SMC2 is good value based on its Price-To-Earnings Ratio (25.8x) compared to the estimated Fair Price-To-Earnings Ratio (56.7x).

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€29.52
€41.88
+41.86%
32.58%€80.25€12.94n/a17
Nov ’26€44.35
€45.67
+2.97%
25.80%€79.85€25.76n/a16
Oct ’26€42.45
€43.97
+3.58%
25.93%€78.64€22.83n/a16
Sep ’26€35.05
€44.99
+28.36%
26.40%€79.85€23.18n/a15
Aug ’26€49.19
€38.63
-21.46%
40.79%€79.18€12.77n/a16
Jul ’26€40.32
€36.96
-8.33%
43.81%€80.06€12.91n/a16
Jun ’26€35.19
€38.06
+8.16%
43.81%€82.44€13.30n/a16
May ’26€26.27
€42.06
+60.12%
45.27%€82.03€13.23n/a13
Apr ’26€31.95
€47.87
+49.84%
40.16%€86.12€13.89n/a13
Mar ’26€38.98
€47.98
+23.08%
41.70%€89.67€14.46n/a12
Feb ’26€27.74
€37.06
+33.61%
53.90%€89.27€14.40n/a10
Jan ’26€30.05
€38.20
+27.13%
48.94%€89.13€22.04n/a10
Dec ’25€30.98
€35.73
+15.34%
53.20%€87.81€21.72€28.519
Nov ’25€25.96
€57.81
+122.69%
38.74%€92.28€29.63€44.3511
Oct ’25€37.69
€67.68
+79.56%
42.45%€117.44€29.36€42.4515
Sep ’25n/a
€79.25
0%
39.52%€135.44€29.34€35.0513
Aug ’25n/a
€95.36
0%
27.52%€138.41€29.99€49.1914
Jul ’25n/a
€95.83
0%
28.10%€139.23€26.45€40.3214
Jun ’25n/a
€95.83
0%
28.10%€139.23€26.45€35.1914
May ’25n/a
€90.50
0%
32.72%€140.30€26.66€26.2715
Apr ’25n/a
€84.82
0%
35.64%€124.55€23.07€31.9515
Mar ’25n/a
€68.70
0%
34.20%€119.81€23.04€38.9814
Feb ’25n/a
€52.41
0%
22.30%€64.56€23.06€27.7411
Jan ’25n/a
€33.55
0%
25.96%€45.87€14.68€30.0510
Dec ’24n/a
€35.33
0%
21.22%€47.08€22.60€30.9810
€41.85
Fair Value
29.5% undervalued intrinsic discount
17
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.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/12/05 09:41
End of Day Share Price 2025/12/05 00:00
Earnings2025/09/30
Annual Earnings2025/06/30

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 28 analysts. 16 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
Timothy LongBarclays
Ruplu BhattacharyaBofA Global Research