Monolithic Power Systems
Market Cap
US$14.0b
Last Updated
2021/05/12 22:39 UTC
Data Sources
Company Financials +
Executive Summary
Monolithic Power Systems, Inc. designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for computing and storage, automotive, industrial, communications, and consumer applications markets. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with reasonable growth potential.
Similar Companies
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
Stable Share Price: MPWR is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: MPWR's weekly volatility (8%) has been stable over the past year.
Market Performance
7 Day Return
-9.4%
MPWR
-4.9%
US Semiconductor
-2.8%
US Market
1 Year Return
53.2%
MPWR
58.7%
US Semiconductor
49.4%
US Market
Return vs Industry: MPWR underperformed the US Semiconductor industry which returned 58.5% over the past year.
Return vs Market: MPWR exceeded the US Market which returned 48.6% over the past year.
Shareholder returns
| MPWR | Industry | Market | |
|---|---|---|---|
| 7 Day | -9.4% | -4.9% | -2.8% |
| 30 Day | -18.1% | -11.6% | -2.3% |
| 90 Day | -20.4% | -10.0% | -1.3% |
| 1 Year | 54.3%53.2% | 61.1%58.7% | 51.8%49.4% |
| 3 Year | 146.5%139.6% | 90.8%81.1% | 57.5%47.6% |
| 5 Year | 409.1%385.8% | 304.9%266.5% | 121.7%97.1% |
Long-Term 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
1 week ago | Simply Wall St
Returns At Monolithic Power Systems (NASDAQ:MPWR) Are On The Way Up3 weeks ago | Simply Wall St
Shareholders of Monolithic Power Systems (NASDAQ:MPWR) Must Be Delighted With Their 531% Total Return1 month ago | Simply Wall St
Is It Smart To Buy Monolithic Power Systems, Inc. (NASDAQ:MPWR) Before It Goes Ex-Dividend?Valuation
Is Monolithic Power Systems undervalued compared to its fair value and its price relative to the market?
79.33x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: MPWR ($306.1) is trading above our estimate of fair value ($233.73)
Significantly Below Fair Value: MPWR is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MPWR is poor value based on its PE Ratio (79.3x) compared to the US Semiconductor industry average (31.8x).
PE vs Market: MPWR is poor value based on its PE Ratio (79.3x) compared to the US market (19.9x).
Price to Earnings Growth Ratio
PEG Ratio: MPWR is poor value based on its PEG Ratio (4.1x)
Price to Book Ratio
PB vs Industry: MPWR is overvalued based on its PB Ratio (13.7x) compared to the US Semiconductor industry average (4.5x).
Future Growth
How is Monolithic Power Systems forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
19.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MPWR's forecast earnings growth (19.2% per year) is above the savings rate (2%).
Earnings vs Market: MPWR's earnings (19.2% per year) are forecast to grow faster than the US market (15.4% per year).
High Growth Earnings: MPWR's earnings are forecast to grow, but not significantly.
Revenue vs Market: MPWR's revenue (12.7% per year) is forecast to grow faster than the US market (8.8% per year).
High Growth Revenue: MPWR's revenue (12.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MPWR's Return on Equity is forecast to be high in 3 years time (25.5%)
Past Performance
How has Monolithic Power Systems performed over the past 5 years?
26.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MPWR has high quality earnings.
Growing Profit Margin: MPWR's current net profit margins (18.7%) are higher than last year (18.2%).
Past Earnings Growth Analysis
Earnings Trend: MPWR's earnings have grown significantly by 26.8% per year over the past 5 years.
Accelerating Growth: MPWR's earnings growth over the past year (47%) exceeds its 5-year average (26.8% per year).
Earnings vs Industry: MPWR earnings growth over the past year (47%) underperformed the Semiconductor industry 47%.
Return on Equity
High ROE: MPWR's Return on Equity (17%) is considered low.
Financial Health
How is Monolithic Power Systems's financial position?
Financial Position Analysis
Short Term Liabilities: MPWR's short term assets ($922.4M) exceed its short term liabilities ($187.9M).
Long Term Liabilities: MPWR's short term assets ($922.4M) exceed its long term liabilities ($98.7M).
Debt to Equity History and Analysis
Debt Level: MPWR is debt free.
Reducing Debt: MPWR has not had any debt for past 5 years.
Debt Coverage: MPWR has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: MPWR has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Dividend
What is Monolithic Power Systems's current dividend yield, its reliability and sustainability?
0.78%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MPWR's dividend (0.78%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.25%).
High Dividend: MPWR's dividend (0.78%) is low compared to the top 25% of dividend payers in the US market (3.43%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, MPWR has been paying a dividend for less than 10 years.
Growing Dividend: MPWR's dividend payments have increased, but the company has only paid a dividend for 7 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (54.4%), MPWR's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MPWR's dividends in 3 years are forecast to be well covered by earnings (34.9% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
13.8yrs
Average management tenure
CEO
Michael Hsing (60 yo)
23.75yrs
Tenure
US$14,670,153
Compensation
Mr. Michael R. Hsing serves as Director, President and Chief Executive Officer at Monolithic Power Systems (MPS) Inc since August 1997. He serves as Founder and Chairman of the Board at Monolithic Power Sy...
CEO Compensation Analysis
Compensation vs Market: Michael's total compensation ($USD14.67M) is above average for companies of similar size in the US market ($USD11.16M).
Compensation vs Earnings: Michael's compensation has increased by more than 20% in the past year.
Leadership Team
Experienced Management: MPWR's management team is seasoned and experienced (13.8 years average tenure).
Board Members
Experienced Board: MPWR's board of directors are seasoned and experienced ( 11.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MPWR insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.2%.
Top Shareholders
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$14.000b
- Shares outstanding: 45.74m
- Website: https://www.monolithicpower.com
Number of Employees
Location
- Monolithic Power Systems, Inc.
- 5808 Lake Washington Boulevard NE
- Kirkland
- Washington
- 98033
- United States
Listings
Biography
Monolithic Power Systems, Inc. designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for computing and storage, automotive, industrial, communications, an...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/05/12 22:39 |
| End of Day Share Price | 2021/05/12 00:00 |
| Earnings | 2021/03/31 |
| Annual Earnings | 2020/12/31 |
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.