SMART Global Holdings
Market Cap
US$749.4m
Last Updated
2020/12/01 00:39 UTC
Data Sources
Company Financials +
Executive Summary
SMART Global Holdings, Inc. designs and manufactures electronic products focused in memory and computing technology areas. More Details
Rewards
Risk Analysis
Snowflake Analysis
Adequate balance sheet with reasonable growth potential.
Similar Companies
Share Price & News
How has SMART Global Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SGH is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: SGH's weekly volatility (7%) has been stable over the past year.
Market Performance
7 Day Return
1.0%
SGH
3.1%
US Semiconductor
1.3%
US Market
1 Year Return
5.3%
SGH
52.7%
US Semiconductor
21.0%
US Market
Return vs Industry: SGH underperformed the US Semiconductor industry which returned 48.4% over the past year.
Return vs Market: SGH underperformed the US Market which returned 20.9% over the past year.
Shareholder returns
| SGH | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.0% | 3.1% | 1.3% |
| 30 Day | 16.3% | 16.5% | 12.1% |
| 90 Day | 19.0% | 11.9% | 4.8% |
| 1 Year | 5.3%5.3% | 55.5%52.7% | 23.7%21.0% |
| 3 Year | 3.0%3.0% | 101.5%90.8% | 46.6%36.8% |
| 5 Year | n/a | 258.4%224.0% | 94.6%73.2% |
Long-Term Price Volatility Vs. Market
How volatile is SMART Global Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Insider Buying: The SMART Global Holdings, Inc. (NASDAQ:SGH) President Just Bought 2.1% More Shares2 months ago | Simply Wall St
If You Had Bought SMART Global Holdings (NASDAQ:SGH) Stock Three Years Ago, You Could Pocket A 24% Gain Today3 months ago | Simply Wall St
SMART Global Holdings, Inc.'s (NASDAQ:SGH) Intrinsic Value Is Potentially 95% Above Its Share PriceValuation
Is SMART Global Holdings undervalued compared to its fair value and its price relative to the market?
2.66x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: SGH ($30.69) is trading above our estimate of fair value ($21.59)
Significantly Below Fair Value: SGH is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SGH is unprofitable, so we can't compare its PE Ratio to the US Semiconductor industry average.
PE vs Market: SGH is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate SGH's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SGH is good value based on its PB Ratio (2.7x) compared to the US Semiconductor industry average (3.4x).
Next Steps
Future Growth
How is SMART Global Holdings forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
94.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SGH is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).
Earnings vs Market: SGH is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: SGH's is expected to become profitable in the next 3 years.
Revenue vs Market: SGH's revenue (8% per year) is forecast to grow slower than the US market (10.3% per year).
High Growth Revenue: SGH's revenue (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 (25.5%)
Next Steps
Past Performance
How has SMART Global Holdings performed over the past 5 years?
42.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SGH is currently unprofitable.
Growing Profit Margin: SGH is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: SGH is unprofitable, but has reduced losses over the past 5 years at a rate of 42.4% per year.
Accelerating Growth: Unable to compare SGH's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: SGH is unprofitable, making it difficult to compare its past year earnings growth to the Semiconductor industry (22.8%).
Return on Equity
High ROE: SGH has a negative Return on Equity (-0.41%), as it is currently unprofitable.
Next Steps
Financial Health
How is SMART Global Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: SGH's short term assets ($556.7M) exceed its short term liabilities ($282.5M).
Long Term Liabilities: SGH's short term assets ($556.7M) exceed its long term liabilities ($222.0M).
Debt to Equity History and Analysis
Debt Level: SGH's debt to equity ratio (69.3%) is considered high.
Reducing Debt: SGH's debt to equity ratio has reduced from 2876.9% to 69.3% over the past 5 years.
Debt Coverage: SGH's debt is well covered by operating cash flow (44.6%).
Interest Coverage: SGH is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Next Steps
Dividend
What is SMART Global Holdings's current dividend yield, its reliability and sustainability?
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.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of SGH's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.1yrs
Average management tenure
CEO
Mark Adams (56 yo)
0.25
Tenure
Mr. Mark W. Adams has been President and Chief Executive Officer at SMART Global Holdings, Inc. since August 31, 2020 and also its Director since September 30, 2020. Mr. Adams served as the Chief Executive...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 9.83yrs | US$6.15m | 2.14% $ 16.1m | |
| President of SMART’s Memory Solutions Business | 9.08yrs | US$1.35m | 0.15% $ 1.2m | |
| Senior Vice President of Specialty Memory | 13.08yrs | US$1.00m | 0.40% $ 3.0m | |
| Executive VP & President of SMART’s Emerging Markets | 10.83yrs | US$938.12k | 0.018% $ 136.1k | |
| Senior VP of Specialty Compute & Storage Solutions and CEO of Penguin Computing | 2.08yrs | US$1.41m | 0% $ 0 | |
| President | 0.25yr | no data | 1.99% $ 14.9m | |
| Investor Relations Officer | no data | no data | no data | |
| VP, Chief Legal Officer | 11.25yrs | US$1.02m | 0.0055% $ 41.1k | |
| Vice President of Strategic Marketing & Communications | 1.83yrs | no data | no data | |
| Senior VP of Specialty Compute & Storage Solution | 1.83yrs | no data | 0.072% $ 543.3k |
2.1yrs
Average Tenure
60.5yo
Average Age
Experienced Management: SGH's management team is considered experienced (2.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 9.83yrs | US$6.15m | 2.14% $ 16.1m | |
| President | 0.25yr | no data | 1.99% $ 14.9m | |
| Director | 9.83yrs | no data | no data | |
| Independent Director | 3.17yrs | US$207.90k | 0.052% $ 388.3k | |
| Independent Non-Employee Director | 7.67yrs | US$197.48k | 0.064% $ 478.3k | |
| Independent Director | 6.17yrs | US$204.98k | 0.033% $ 247.3k | |
| Independent Director | 2.08yrs | US$233.61k | 0.023% $ 171.8k | |
| Director | 9.83yrs | no data | no data | |
| Independent Director | 1.58yrs | US$264.06k | 0% $ 0 |
6.2yrs
Average Tenure
56yo
Average Age
Experienced Board: SGH's board of directors are considered experienced (6.2 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SGH insiders have bought more shares than they have sold 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 2.8%.
Top Shareholders
Company Information
SMART Global Holdings, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: SMART Global Holdings, Inc.
- Ticker: SGH
- Exchange: NasdaqGS
- Founded: 1988
- Industry: Semiconductors
- Sector: Semiconductors
- Market Cap: US$749.443m
- Shares outstanding: 24.42m
- Website: https://www.smartm.com
Number of Employees
Location
- SMART Global Holdings, Inc.
- 39870 Eureka Drive
- Newark
- California
- 94560
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SGH | NasdaqGS (Nasdaq Global Select) | Yes | Ordinary Shares | US | USD | May 2017 |
| 850 | BST (Boerse-Stuttgart) | Yes | Ordinary Shares | DE | EUR | May 2017 |
Biography
SMART Global Holdings, Inc. designs and manufactures electronic products focused in memory and computing technology areas. It offers dynamic random access memory (DRAM) modules for desktops, notebooks, and...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/12/01 00:39 |
| End of Day Share Price | 2020/11/30 00:00 |
| Earnings | 2020/08/28 |
| Annual Earnings | 2020/08/28 |
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.