Silicon Motion Technology Corporation

BMV:SIMO N Stock Report

Market Cap: Mex$40.1b

Silicon Motion Technology Valuation

Is SIMO N 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 SIMO N when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SIMO N (MX$1245) is trading below our estimate of fair value (MX$1788.35)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for SIMO N. This is calculated by dividing SIMO N's market cap by their current earnings.
What is SIMO N's PE Ratio?
PE Ratio27.4x
EarningsUS$78.52m
Market CapUS$2.15b

Price to Earnings Ratio vs Peers

How does SIMO N's PE Ratio compare to its peers?

The above table shows the PE ratio for SIMO N vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average96.4x
600877 CETC Chips Technology
84.4xn/aCN¥16.1b
688584 Wafer Works (Shanghai)
124.4xn/aCN¥13.9b
301536 SigmaStar Technology
83.9xn/aCN¥17.9b
2344 Winbond Electronics
92.9x139.2%NT$81.2b
SIMO N Silicon Motion Technology
27.4x32.4%Mex$2.2b

Price-To-Earnings vs Peers: SIMO N is good value based on its Price-To-Earnings Ratio (27.4x) compared to the peer average (68.7x).

Price to Earnings Ratio vs Industry

How does SIMO N's PE Ratio compare vs other companies in the Global Semiconductor Industry?

13 CompaniesPrice / EarningsEstimated GrowthMarket Cap
SIMO N 27.4xIndustry Avg. 31.2xNo. of Companies89PE020406080100+
13 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SIMO N is good value based on its Price-To-Earnings Ratio (27.4x) compared to the Global Semiconductor industry average (29.7x).

Price to Earnings Ratio vs Fair Ratio

What is SIMO N'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.

SIMO N PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio27.4x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate SIMO N'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?

Analyst Forecast: Insufficient data to show price forecast.

Discover undervalued companies

Renesas Electronics

JP¥3.6t

Researches, develops, designs, manufactures, sells, and services semiconductors in Japan, China, rest of Asia, Europe, North America, and internationally.

RNEC N

JP¥305.03

7D

0%

1Y

n/a

Intel

US$105.7b

Designs, develops, manufactures, markets, and sells computing and related products and services worldwide.

INTC *

US$501.00

7D

0.4%

1Y

-32.7%

NXP Semiconductors

US$57.5b

Offers various semiconductor products.

NXPI N

US$4,600.00

7D

-1.3%

1Y

33.6%