NasdaqGS:MPWR

Stock Analysis Report

Monolithic Power Systems

Market Cap

US$6.8b

Last Updated

2019/09/20 00:33 UTC

Data Sources

Company Financials +

Executive Summary

Monolithic Power Systems, Inc. designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for consumer, computing and storage, industrial, automotive, and communications markets.

Snowflake

Fundamentals

Flawless balance sheet with high growth potential.

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Share Price & News

How has Monolithic Power Systems's share price performed over time and what events caused price changes?

Latest Share Price and Events

Market Performance

7 Day Return

-3.2%

MPWR

-0.8%

US Semiconductor

-0.2%

US Market

1 Year Return

17.6%

MPWR

9.4%

US Semiconductor

1.1%

US Market

MPWR outperformed the Semiconductor industry which returned 10.2% over the past year.

MPWR outperformed the Market in United States of America which returned 1.6% over the past year.

Share holder returns

MPWRIndustryMarket
7 Day-3.2%-0.8%-0.2%
30 Day1.3%4.9%2.5%
90 Day21.4%12.0%1.6%
1 Year19.0%17.6%11.5%9.4%3.4%1.1%
3 Year110.3%104.3%83.0%72.2%45.2%35.8%
5 Year269.2%250.2%123.0%100.4%62.6%44.8%

Price Volatility Vs. Market

How volatile is Monolithic Power Systems's share price compared to the market and industry in the last 5 years?

Simply Wall St News

3 days ago | Simply Wall St

Should You Be Holding Monolithic Power Systems, Inc. (NASDAQ:MPWR)?

2 weeks ago | Simply Wall St

Should We Worry About Monolithic Power Systems, Inc.'s (NASDAQ:MPWR) P/E Ratio?

3 weeks ago | Simply Wall St

What Can We Make Of Monolithic Power Systems, Inc.’s (NASDAQ:MPWR) High Return On Capital?

Valuation

Is Monolithic Power Systems undervalued based on future cash flows and its price relative to the stock market?

62.89x

Price to Earnings (PE) ratio

Intrinsic Value Based on Future Cash Flows

Monolithic Power Systems's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Monolithic Power Systems's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).

Price Based on Earnings

Monolithic Power Systems is overvalued based on earnings compared to the US Semiconductor industry average.

Monolithic Power Systems is overvalued based on earnings compared to the United States of America market.

Price Based on Expected Growth

Monolithic Power Systems is poor value based on expected growth next year.

Price Based on Value of Assets

Monolithic Power Systems is overvalued based on assets compared to the US Semiconductor industry average.

Next Steps

Future Growth

How is Monolithic Power Systems expected to perform in the next 1 to 3 years based on estimates from 11 analysts?

25.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Estimates

Future Annual Growth Analysis

Monolithic Power Systems's revenue is expected to grow by 15.8% yearly, however this is not considered high growth (20% yearly).

Monolithic Power Systems's earnings are expected to grow significantly at over 20% yearly.

Monolithic Power Systems's revenue growth is expected to exceed the United States of America market average.

Monolithic Power Systems's earnings growth is expected to exceed the United States of America market average.

Monolithic Power Systems's earnings growth is expected to exceed the low risk savings rate of 2.7%.

Earnings per Share Growth Estimates

Future Return on Equity

Monolithic Power Systems is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).

Next Steps

Past Performance

How has Monolithic Power Systems performed over the past 5 years?

27.7%

Historical annual earnings growth

Earnings and Revenue History

Past Earnings Growth Analysis

Monolithic Power Systems has delivered over 20% year on year earnings growth in the past 5 years.

Monolithic Power Systems's 1-year earnings growth exceeds its 5-year average (29.7% vs 27.7%)

Monolithic Power Systems's earnings growth has exceeded the US Semiconductor industry average in the past year (29.7% vs -6.2%).

Return on Equity

Monolithic Power Systems has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).

Return on Assets

Monolithic Power Systems used its assets more efficiently than the US Semiconductor industry average last year based on Return on Assets.

Return on Capital Employed

Monolithic Power Systems has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).

Next Steps

Financial Health

How is Monolithic Power Systems's financial position?

Financial Position Analysis

Monolithic Power Systems is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Monolithic Power Systems's cash and other short term assets cover its long term commitments.

Debt to Equity History and Analysis

Monolithic Power Systems has no debt.

Monolithic Power Systems has not taken on any debt in the past 5 years.

Monolithic Power Systems has no debt, it does not need to be covered by operating cash flow.

Monolithic Power Systems has no debt, therefore coverage of interest payments is not a concern.

Balance Sheet

High level of physical assets or inventory.

Monolithic Power Systems has no debt, it does not need to be covered by short term assets.

Next Steps

Dividend

What is Monolithic Power Systems's current dividend yield, its reliability and sustainability?

1.21%

Expected Dividend Yield

Upcoming Dividend Payment

Purchase Monolithic Power Systems before the 'Buy Limit' to receive their next dividend payment.

Dividend Yield and Payments Analysis

Monolithic Power Systems's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).

Monolithic Power Systems's dividend is below the markets top 25% of dividend payers in United States of America (3.71%).

Whilst dividend payments have been stable, Monolithic Power Systems has been paying a dividend for less than 10 years.

Dividend payments have increased, but Monolithic Power Systems only paid a dividend in the past 5 years.

Current Payout to Shareholders

Dividends paid are covered by earnings (1.8x coverage).

Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (2.5x coverage).

Next Steps

Management

What is the CEO of Monolithic Power Systems's salary, the management and board of directors tenure and is there insider trading?

12.2yrs

Average management tenure

CEO

Michael Hsing (59yo)

22.1yrs

Tenure

US$11,715,714

Compensation

Mr. Michael R. Hsing founded Monolithic Power Systems (MPS) Inc. and has been its President and Chief Executive Officer since August 1997. Mr. Hsing held senior technical positions at companies such as Sup ...

CEO Compensation Analysis

Michael's remuneration is higher than average for companies of similar size in United States of America.

Michael's compensation has been consistent with company performance over the past year, both up more than 20%.

Management Age and Tenure

12.2yrs

Average Tenure

58.5yo

Average Age

The average tenure for the Monolithic Power Systems management team is over 5 years, this suggests they are a seasoned and experienced team.

Board Age and Tenure

9.7yrs

Average Tenure

60.5yo

Average Age

The tenure for the Monolithic Power Systems board of directors is about average.

Insider Trading

Monolithic Power Systems individual insiders have only sold shares in the past 3 months.

Recent Insider Transactions

SellUS$78103 Sep 19
Deming Xiao
EntityIndividual
Role
Senior Key Executive
President of Asia Operations
Shares5
Max PriceUS$156.17
SellUS$7,70021 Aug 19
Theodore Blegen
EntityIndividual
Shares50
Max PriceUS$154.00
SellUS$1,315,36020 Aug 19
Deming Xiao
EntityIndividual
Role
Senior Key Executive
President of Asia Operations
Shares8,670
Max PriceUS$151.71
SellUS$1,455,20019 Aug 19
James Moyer
EntityIndividual
Role
Member of the Board of Directors
Director
Shares10,000
Max PriceUS$145.52
SellUS$1,166,20909 Aug 19
Deming Xiao
EntityIndividual
Role
Senior Key Executive
President of Asia Operations
Shares7,752
Max PriceUS$151.52
SellUS$1,253,64009 Aug 19
Michael Hsing
EntityIndividual
Role
Chief Executive Officer
Founder
Shares8,334
Max PriceUS$150.42
SellUS$424,19809 Aug 19
Maurice Sciammas
EntityIndividual
Role
Head of Sales
Senior Vice President of Worldwide Sales & Marketing
Shares2,820
Max PriceUS$150.42
SellUS$250,45709 Aug 19
Theodore Blegen
EntityIndividual
Shares1,665
Max PriceUS$150.42
SellUS$366,58509 Aug 19
Saria Tseng
EntityIndividual
Role
Chief Legal Officer
VP of Strategic Corporate Development
Shares2,437
Max PriceUS$150.42
SellUS$431,08106 Aug 19
Deming Xiao
EntityIndividual
Role
Senior Key Executive
President of Asia Operations
Shares3,066
Max PriceUS$140.60
SellUS$510,95306 Aug 19
Maurice Sciammas
EntityIndividual
Role
Head of Sales
Senior Vice President of Worldwide Sales & Marketing
Shares3,634
Max PriceUS$140.60
SellUS$1,419,63506 Aug 19
Michael Hsing
EntityIndividual
Role
Chief Executive Officer
Founder
Shares10,097
Max PriceUS$140.60
SellUS$431,08106 Aug 19
Saria Tseng
EntityIndividual
Role
Chief Legal Officer
VP of Strategic Corporate Development
Shares3,066
Max PriceUS$140.60
SellUS$297,00024 Jul 19
Jeff Zhou
EntityIndividual
Role
Member of the Board of Directors
Director
Shares2,000
Max PriceUS$150.00
SellUS$152,21723 Jul 19
Theodore Blegen
EntityIndividual
Shares1,041
Max PriceUS$146.22
SellUS$757,09201 Jul 19
Maurice Sciammas
EntityIndividual
Role
Head of Sales
Senior Vice President of Worldwide Sales & Marketing
Shares5,425
Max PriceUS$139.56
SellUS$1,183,10003 Jun 19
James Moyer
EntityIndividual
Role
Member of the Board of Directors
Director
Shares10,000
Max PriceUS$118.31
SellUS$6,21222 May 19
Theodore Blegen
EntityIndividual
Shares51
Max PriceUS$121.80
SellUS$2,425,31122 May 19
Maurice Sciammas
EntityIndividual
Role
Head of Sales
Senior Vice President of Worldwide Sales & Marketing
Shares19,883
Max PriceUS$122.87
SellUS$881,01420 May 19
Deming Xiao
EntityIndividual
Role
Senior Key Executive
President of Asia Operations
Shares6,838
Max PriceUS$129.50
SellUS$232,02110 May 19
Theodore Blegen
EntityIndividual
Shares1,681
Max PriceUS$138.03
SellUS$340,92310 May 19
Deming Xiao
EntityIndividual
Role
Senior Key Executive
President of Asia Operations
Shares2,470
Max PriceUS$138.03
SellUS$392,95910 May 19
Maurice Sciammas
EntityIndividual
Role
Head of Sales
Senior Vice President of Worldwide Sales & Marketing
Shares2,847
Max PriceUS$138.03
SellUS$1,165,90210 May 19
Michael Hsing
EntityIndividual
Role
Chief Executive Officer
Founder
Shares8,447
Max PriceUS$138.03
SellUS$340,92310 May 19
Saria Tseng
EntityIndividual
Role
Chief Legal Officer
VP of Strategic Corporate Development
Shares2,470
Max PriceUS$138.03
SellUS$454,28107 May 19
Deming Xiao
EntityIndividual
Role
Senior Key Executive
President of Asia Operations
Shares3,144
Max PriceUS$144.49
SellUS$540,25307 May 19
Maurice Sciammas
EntityIndividual
Role
Head of Sales
Senior Vice President of Worldwide Sales & Marketing
Shares3,739
Max PriceUS$144.49
SellUS$1,496,01207 May 19
Michael Hsing
EntityIndividual
Role
Chief Executive Officer
Founder
Shares10,354
Max PriceUS$144.49
SellUS$454,28007 May 19
Saria Tseng
EntityIndividual
Role
Chief Legal Officer
VP of Strategic Corporate Development
Shares3,144
Max PriceUS$144.49
SellUS$160,07523 Apr 19
Theodore Blegen
EntityIndividual
Shares1,047
Max PriceUS$152.89
SellUS$596,66402 Apr 19
Deming Xiao
EntityIndividual
Role
Senior Key Executive
President of Asia Operations
Shares4,305
Max PriceUS$138.60
SellUS$125,43102 Apr 19
Theodore Blegen
EntityIndividual
Shares905
Max PriceUS$138.60
SellUS$596,66402 Apr 19
Saria Tseng
EntityIndividual
Role
Chief Legal Officer
VP of Strategic Corporate Development
Shares4,305
Max PriceUS$138.60
SellUS$751,89401 Apr 19
Maurice Sciammas
EntityIndividual
Role
Head of Sales
Senior Vice President of Worldwide Sales & Marketing
Shares5,425
Max PriceUS$138.60
SellUS$1,519,03301 Apr 19
Michael Hsing
EntityIndividual
Role
Chief Executive Officer
Founder
Shares10,960
Max PriceUS$138.60
SellUS$10,252,00427 Feb 19
Michael Hsing
EntityIndividual
Role
Chief Executive Officer
Founder
Shares75,241
Max PriceUS$137.55
SellUS$1,939,47327 Feb 19
Deming Xiao
EntityIndividual
Role
Senior Key Executive
President of Asia Operations
Shares13,979
Max PriceUS$138.74
SellUS$24,83921 Feb 19
Theodore Blegen
EntityIndividual
Shares181
Max PriceUS$137.23
SellUS$1,346,64021 Feb 19
James Moyer
EntityIndividual
Role
Member of the Board of Directors
Director
Shares10,000
Max PriceUS$134.66
SellUS$2,784,04113 Feb 19
Deming Xiao
EntityIndividual
Role
Senior Key Executive
President of Asia Operations
Shares21,308
Max PriceUS$130.66
SellUS$1,653,59613 Feb 19
Theodore Blegen
EntityIndividual
Shares12,656
Max PriceUS$130.66
SellUS$3,007,72613 Feb 19
Maurice Sciammas
EntityIndividual
Role
Head of Sales
Senior Vice President of Worldwide Sales & Marketing
Shares23,020
Max PriceUS$130.66
SellUS$9,518,50013 Feb 19
Michael Hsing
EntityIndividual
Role
Chief Executive Officer
Founder
Shares72,851
Max PriceUS$130.66
SellUS$2,834,47513 Feb 19
Saria Tseng
EntityIndividual
Role
Chief Legal Officer
VP of Strategic Corporate Development
Shares21,694
Max PriceUS$130.66
SellUS$469,50105 Feb 19
Deming Xiao
EntityIndividual
Role
Senior Key Executive
President of Asia Operations
Shares3,623
Max PriceUS$129.59
SellUS$598,05305 Feb 19
Maurice Sciammas
EntityIndividual
Role
Head of Sales
Senior Vice President of Worldwide Sales & Marketing
Shares4,615
Max PriceUS$129.59
SellUS$469,50105 Feb 19
Saria Tseng
EntityIndividual
Role
Chief Legal Officer
VP of Strategic Corporate Development
Shares3,623
Max PriceUS$129.59
SellUS$1,881,11205 Feb 19
Michael Hsing
EntityIndividual
Role
Chief Executive Officer
Founder
Shares14,516
Max PriceUS$129.59
SellUS$111,02623 Jan 19
Theodore Blegen
EntityIndividual
Shares899
Max PriceUS$123.50
SellUS$1,261,84627 Nov 18
James Moyer
EntityIndividual
Role
Member of the Board of Directors
Director
Shares10,000
Max PriceUS$126.18
SellUS$586,62506 Nov 18
Deming Xiao
EntityIndividual
Role
Senior Key Executive
President of Asia Operations
Shares4,819
Max PriceUS$121.73
SellUS$707,01606 Nov 18
Maurice Sciammas
EntityIndividual
Role
Head of Sales
Senior Vice President of Worldwide Sales & Marketing
Shares5,808
Max PriceUS$121.73
SellUS$1,931,50906 Nov 18
Michael Hsing
EntityIndividual
Role
Chief Executive Officer
Founder
Shares15,867
Max PriceUS$121.73
SellUS$586,62506 Nov 18
Saria Tseng
EntityIndividual
Role
Chief Legal Officer
VP of Strategic Corporate Development
Shares4,819
Max PriceUS$121.73
SellUS$124,69623 Oct 18
Theodore Blegen
EntityIndividual
Shares1,088
Max PriceUS$114.61

Ownership Breakdown

Management Team

  • Michael Hsing (59yo)

    Founder

    • Tenure: 22.1yrs
    • Compensation: US$11.72m

  • Saria Tseng (48yo)

    VP of Strategic Corporate Development

    • Tenure: 15.7yrs
    • Compensation: US$3.74m

  • Deming Xiao (56yo)

    President of Asia Operations

    • Tenure: 11.7yrs
    • Compensation: US$3.74m

  • Maurice Sciammas (59yo)

    Senior Vice President of Worldwide Sales & Marketing

    • Tenure: 12.7yrs
    • Compensation: US$3.74m

  • Meera Rao (58yo)

    • Tenure: 3.5yrs
    • Compensation: US$1.35m

  • Bernie Blegen (61yo)

    VP & CFO

    • Tenure: 3.2yrs
    • Compensation: US$2.77m

Board Members

  • Herbert Chang (57yo)

    Lead Director

    • Tenure: 0yrs
    • Compensation: US$267.50k

  • Victor Lee (62yo)

    Director

    • Tenure: 13yrs
    • Compensation: US$250.00k

  • Michael Hsing (59yo)

    Founder

    • Tenure: 22.1yrs
    • Compensation: US$11.72m

  • Jim Moyer (76yo)

    Director

    • Tenure: 20.9yrs
    • Compensation: US$225.00k

  • Jeff Zhou (64yo)

    Director

    • Tenure: 9.6yrs
    • Compensation: US$253.50k

  • Eugen Elmiger (55yo)

    Director

    • Tenure: 6.9yrs
    • Compensation: US$246.50k

Company Information

Monolithic Power Systems, Inc.'s company bio, employee growth, exchange listings and data sources

Key Information

  • Name: Monolithic Power Systems, Inc.
  • Ticker: MPWR
  • Exchange: NasdaqGS
  • Founded: 1997
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: US$6.761b
  • Shares outstanding: 43.24m
  • Website: https://www.monolithicpower.com

Number of Employees

Location

  • Monolithic Power Systems, Inc.
  • 4040 Lake Washington Boulevard NE
  • Suite 201
  • Kirkland
  • Washington
  • 98033
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MPWRNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDNov 2004
NQGDB (Deutsche Boerse AG)YesCommon StockDEEURNov 2004

Biography

Monolithic Power Systems, Inc. designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for consumer, computing and storage, industrial, automotive, and comm ...

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/20 00:33
End of Day Share Price2019/09/19 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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 here.