SGH Stock Overview
SMART Global Holdings, Inc. designs and manufactures specialty solutions for the computing, memory, and LED markets in the United states, Brazil, China, Europe, and internationally.
SMART Global Holdings Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$23.20|
|52 Week High||US$37.25|
|52 Week Low||US$20.36|
|1 Month Change||-0.98%|
|3 Month Change||-18.22%|
|1 Year Change||1.16%|
|3 Year Change||165.90%|
|5 Year Change||254.20%|
|Change since IPO||244.98%|
Recent News & Updates
We Think SMART Global Holdings (NASDAQ:SGH) Can Manage Its Debt With Ease
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
|SGH||US Semiconductor||US Market|
Return vs Industry: SGH exceeded the US Semiconductor industry which returned -6.5% over the past year.
Return vs Market: SGH exceeded the US Market which returned -13.2% over the past year.
|SGH Average Weekly Movement||6.1%|
|Semiconductor Industry Average Movement||8.6%|
|Market Average Movement||7.8%|
|10% most volatile stocks in US Market||16.8%|
|10% least volatile stocks in US Market||2.9%|
Stable Share Price: SGH is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: SGH's weekly volatility (6%) has been stable over the past year.
About the Company
SMART Global Holdings, Inc. designs and manufactures specialty solutions for the computing, memory, and LED markets in the United states, Brazil, China, Europe, and internationally. It operates through Memory Solutions, Intelligent Platforms Solutions, and LED Solutions segments. The company offers dynamic random access memory modules for desktops, notebooks, servers, and smartphones; embedded and removable flash memory products; and flash component products.
SMART Global Holdings Fundamentals Summary
|SGH fundamental statistics|
Is SGH overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|SGH income statement (TTM)|
|Cost of Revenue||US$1.38b|
Last Reported Earnings
Feb 25, 2022
Next Earnings Date
|Earnings per share (EPS)||0.72|
|Net Profit Margin||1.97%|
How did SGH perform over the long term?See historical performance and comparison
Is SMART Global Holdings undervalued compared to its fair value and its price relative to the market?
Valuation Score 3/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PB vs Industry
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SGH ($23.2) is trading below our estimate of fair value ($145.37)
Significantly Below Fair Value: SGH is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SGH is poor value based on its Price-To-Earnings Ratio (32.1x) compared to the US Semiconductor industry average (19.6x).
PE vs Market: SGH is poor value based on its Price-To-Earnings Ratio (32.1x) compared to the US market (14.9x).
Price to Earnings Growth Ratio
PEG Ratio: SGH is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: SGH's Price-To-Book Ratio (3.3x) is in line with the US Semiconductor industry average.
How is SMART Global Holdings forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Future Growth Score4/6
Future Growth Score 4/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SGH's forecast earnings growth (74.2% per year) is above the savings rate (1.9%).
Earnings vs Market: SGH's earnings (74.2% per year) are forecast to grow faster than the US market (12.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: SGH's revenue (5.8% per year) is forecast to grow slower than the US market (7.7% per year).
High Growth Revenue: SGH's revenue (5.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SGH's Return on Equity is forecast to be high in 3 years time (38.6%)
How has SMART Global Holdings performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SGH has a large one-off loss of $88.0M impacting its February 25 2022 financial results.
Growing Profit Margin: SGH's current net profit margins (2%) are higher than last year (1.4%).
Past Earnings Growth Analysis
Earnings Trend: SGH has become profitable over the past 5 years, growing earnings by -11% per year.
Accelerating Growth: SGH's earnings growth over the past year (123.8%) exceeds its 5-year average (-11% per year).
Earnings vs Industry: SGH earnings growth over the past year (123.8%) exceeded the Semiconductor industry 70.4%.
Return on Equity
High ROE: SGH's Return on Equity (10.8%) is considered low.
How is SMART Global Holdings's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: SGH's short term assets ($1.1B) exceed its short term liabilities ($533.8M).
Long Term Liabilities: SGH's short term assets ($1.1B) exceed its long term liabilities ($619.8M).
Debt to Equity History and Analysis
Debt Level: SGH's net debt to equity ratio (35.1%) is considered satisfactory.
Reducing Debt: SGH's debt to equity ratio has reduced from 1030.1% to 138.2% over the past 5 years.
Debt Coverage: SGH's debt is well covered by operating cash flow (29.5%).
Interest Coverage: SGH's interest payments on its debt are well covered by EBIT (8.9x coverage).
What is SMART Global Holdings's current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Future Dividend Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate SGH's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate SGH's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if SGH's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SGH's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as SGH has not reported any payouts.
Discover strong dividend paying companies
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mark Adams (57 yo)
Mr. Mark W. Adams has been President and Chief Executive Officer of SMART Global Holdings, Inc. since August 31, 2020 and also its Director since September 30, 2020. Mr. Adams served as the Chief Executive...
CEO Compensation Analysis
Compensation vs Market: Mark's total compensation ($USD14.81M) is above average for companies of similar size in the US market ($USD3.95M).
Compensation vs Earnings: Insufficient data to compare Mark's compensation with company performance.
Experienced Management: SGH's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Experienced Board: SGH's board of directors are considered experienced (3.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SGH insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.3%.
SMART Global Holdings, Inc.'s employee growth, exchange listings and data sources
- Name: SMART Global Holdings, Inc.
- Ticker: SGH
- Exchange: NasdaqGS
- Founded: 1988
- Industry: Semiconductors
- Sector: Semiconductors
- Implied Market Cap: US$1.155b
- Shares outstanding: 49.76m
- Website: https://www.smartm.com
Number of Employees
- SMART Global Holdings, Inc.
- 39870 Eureka Drive
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/05/25 00:00|
|End of Day Share Price||2022/05/25 00:00|
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.