Silicon Motion Technology Corporation, together with its subsidiaries, designs, develops, and markets NAND flash controllers for solid-state storage devices. More Details
Flawless balance sheet with high growth potential.
Share Price & News
How has Silicon Motion Technology's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SIMO is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: SIMO's weekly volatility (7%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: SIMO underperformed the US Semiconductor industry which returned 91.7% over the past year.
Return vs Market: SIMO exceeded the US Market which returned 55.3% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Silicon Motion Technology's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StIs Silicon Motion Technology Corporation (NASDAQ:SIMO) The Right Choice For A Smart Dividend Investor?
3 weeks ago | Simply Wall StCalculating The Intrinsic Value Of Silicon Motion Technology Corporation (NASDAQ:SIMO)
1 month ago | Simply Wall StHas Silicon Motion Technology (NASDAQ:SIMO) Got What It Takes To Become A Multi-Bagger?
Is Silicon Motion Technology undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SIMO ($69.35) is trading below our estimate of fair value ($72.39)
Significantly Below Fair Value: SIMO is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: SIMO is good value based on its PE Ratio (30.4x) compared to the US Semiconductor industry average (40.2x).
PE vs Market: SIMO is poor value based on its PE Ratio (30.4x) compared to the US market (22.3x).
Price to Earnings Growth Ratio
PEG Ratio: SIMO is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: SIMO is good value based on its PB Ratio (4.3x) compared to the US Semiconductor industry average (5.3x).
How is Silicon Motion Technology forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SIMO's forecast earnings growth (27% per year) is above the savings rate (2%).
Earnings vs Market: SIMO's earnings (27% per year) are forecast to grow faster than the US market (18.7% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: SIMO's revenue (15.9% per year) is forecast to grow faster than the US market (9.9% per year).
High Growth Revenue: SIMO's revenue (15.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SIMO's Return on Equity is forecast to be high in 3 years time (21.4%)
How has Silicon Motion Technology performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SIMO has a large one-off loss of $22.6M impacting its December 31 2020 financial results.
Growing Profit Margin: SIMO's current net profit margins (14.8%) are higher than last year (14.1%).
Past Earnings Growth Analysis
Earnings Trend: SIMO's earnings have declined by 1.1% per year over the past 5 years.
Accelerating Growth: SIMO's earnings growth over the past year (23.5%) exceeds its 5-year average (-1.1% per year).
Earnings vs Industry: SIMO earnings growth over the past year (23.5%) underperformed the Semiconductor industry 33.2%.
Return on Equity
High ROE: SIMO's Return on Equity (14.3%) is considered low.
How is Silicon Motion Technology's financial position?
Financial Position Analysis
Short Term Liabilities: SIMO's short term assets ($607.0M) exceed its short term liabilities ($158.7M).
Long Term Liabilities: SIMO's short term assets ($607.0M) exceed its long term liabilities ($25.6M).
Debt to Equity History and Analysis
Debt Level: SIMO is debt free.
Reducing Debt: SIMO had no debt 5 years ago.
Debt Coverage: SIMO has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: SIMO has no debt, therefore coverage of interest payments is not a concern.
What is Silicon Motion Technology current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SIMO's dividend (2.02%) is higher than the bottom 25% of dividend payers in the US market (1.27%).
High Dividend: SIMO's dividend (2.02%) is low compared to the top 25% of dividend payers in the US market (3.5%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, SIMO has been paying a dividend for less than 10 years.
Growing Dividend: SIMO's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (61.4%), SIMO's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SIMO's dividends in 3 years are forecast to be well covered by earnings (29.1% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Wallace Kou (62 yo)
Mr. Chia-Chang Kou, also known as Wallace is a Senior Consultant at Concord Venture Capital Co., Ltd. Mr. Kou serves as the President at Silicon Motion Inc. He founded Silicon Motion, Inc. in 1995. He has ...
Experienced Management: SIMO's management team is seasoned and experienced (9.2 years average tenure).
Experienced Board: SIMO's board of directors are seasoned and experienced ( 15.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Silicon Motion Technology Corporation's company bio, employee growth, exchange listings and data sources
- Name: Silicon Motion Technology Corporation
- Ticker: SIMO
- Exchange: NasdaqGS
- Founded: 1995
- Industry: Semiconductors
- Sector: Semiconductors
- Market Cap: US$2.437b
- Shares outstanding: 35.15m
- Website: https://www.siliconmotion.com
Number of Employees
- Silicon Motion Technology Corporation
- Centre 600, Unit B
- 16th Floor
- Hong Kong
Silicon Motion Technology Corporation, together with its subsidiaries, designs, develops, and markets NAND flash controllers for solid-state storage devices. It offers solid-state drive (SSDs) used in PCs ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/04/10 23:33|
|End of Day Share Price||2021/04/09 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.