Super Micro Computer, Inc.

DB:MS51 Stock Report

Market Cap: €18.6b

Super Micro Computer Valuation

Is MS51 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • 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 MS51 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MS51 (€31.75) is trading below our estimate of fair value (€449.03)

Significantly Below Fair Value: MS51 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MS51?

Key metric: As MS51 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for MS51. This is calculated by dividing MS51's market cap by their current earnings.
What is MS51's PE Ratio?
PE Ratio16.1x
EarningsUS$1.21b
Market CapUS$19.41b

Price to Earnings Ratio vs Peers

How does MS51's PE Ratio compare to its peers?

The above table shows the PE ratio for MS51 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average54.4x
PSTG Pure Storage
124x36.2%US$16.9b
688036 Shenzhen Transsion Holdings
18.1x18.5%CN¥100.6b
603019 Dawning Information Industry
59x22.0%CN¥109.5b
4901 FUJIFILM Holdings
16.4x9.3%JP¥3.9t
MS51 Super Micro Computer
16.1x24.3%€19.4b

Price-To-Earnings vs Peers: MS51 is good value based on its Price-To-Earnings Ratio (16.1x) compared to the peer average (54.4x).

Price to Earnings Ratio vs Industry

How does MS51's PE Ratio compare vs other companies in the European Tech Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
MS51 16.1xIndustry Avg. 22.2xNo. of Companies4PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MS51 is good value based on its Price-To-Earnings Ratio (16.1x) compared to the Global Tech industry average (22.1x).

Price to Earnings Ratio vs Fair Ratio

What is MS51'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.

MS51 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.1x
Fair PE Ratio30.4x

Price-To-Earnings vs Fair Ratio: MS51 is good value based on its Price-To-Earnings Ratio (16.1x) compared to the estimated Fair Price-To-Earnings Ratio (30.4x).

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 MS51 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€31.75
€38.30
+20.6%
50.8%€88.34€21.85n/a10
Nov ’25€23.97
€57.81
+141.2%
38.7%€92.28€29.63n/a11
Oct ’25€36.85
€67.68
+83.7%
42.5%€117.44€29.36n/a15
Sep ’25€39.31
€79.25
+101.6%
39.5%€135.44€29.34n/a13
Aug ’25€61.53
€95.36
+55.0%
27.5%€138.41€29.99n/a14
Jul ’25€76.09
€95.83
+25.9%
28.1%€139.23€26.45n/a14
Jun ’25€70.88
€95.83
+35.2%
28.1%€139.23€26.45n/a14
May ’25€80.56
€90.50
+12.3%
32.7%€140.30€26.66n/a15
Apr ’25€93.00
€84.82
-8.8%
35.6%€124.55€23.07n/a15
Mar ’25€83.20
€68.70
-17.4%
34.2%€119.81€23.04n/a14
Feb ’25€53.60
€52.41
-2.2%
22.3%€64.56€23.06n/a11
Jan ’25€26.34
€33.55
+27.4%
26.0%€45.87€14.68n/a10
Dec ’24€24.48
€35.33
+44.3%
21.2%€47.08€22.60n/a10
Nov ’24€24.60
€34.18
+38.9%
20.4%€47.10€22.61€23.9710
Oct ’24€26.08
€34.08
+30.7%
18.6%€46.82€23.41€36.859
Sep ’24€26.10
€33.59
+28.7%
19.1%€45.56€22.78€39.318
Aug ’24€30.64
€25.85
-15.6%
43.7%€36.05€5.84€61.538
Jul ’24€23.16
€21.05
-9.1%
52.7%€36.49€5.93€76.097
Jun ’24€21.45
€16.90
-21.2%
60.5%€37.20€6.05€70.886
May ’24€9.43
€9.65
+2.3%
37.9%€16.05€5.96€80.565
Apr ’24€9.85
€9.18
-6.8%
39.3%€15.93€5.92€93.005
Mar ’24€9.50
€9.18
-3.4%
39.3%€15.93€5.92€83.205
Feb ’24€7.20
€9.18
+27.4%
39.3%€15.93€5.92€53.605
Jan ’24€7.75
€9.93
+28.1%
37.8%€16.79€6.41€26.345
Dec ’23€8.75
€9.93
+13.5%
37.8%€16.79€6.41€24.485
Nov ’23€7.40
€8.72
+17.8%
35.8%€13.89€5.58€24.605

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

Esprinet

€206.7m

Engages in the wholesale distribution of information technology (IT) products and consumer electronics in Italy, Spain, Portugal, and rest of Europe.

EP4A

€4.14

7D

-14.0%

1Y

-11.9%

UniDevice

€1.8m

Together with its subsidiary, PPA International AG, engages in wholesale of electronic entertainment and communication devices.

UDC

€0.12

7D

0%

1Y

-92.0%

KATEK

€221.7m

Provides electronics value chain services in Germany, Europe, and internationally.

KTEK

€15.10

7D

0%

1Y

1.0%