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SIMO

Silicon Motion TechnologyNasdaqGS:SIMO Stock Report

Market Cap

US$2.6b

7D

0.5%

1Y

87.6%

Updated

27 Sep, 2021

Data

Company Financials +
SIMO fundamental analysis
Snowflake Score
Valuation4/6
Future Growth4/6
Past Performance3/6
Financial Health6/6
Dividends3/6

SIMO Overview

Silicon Motion Technology Corporation, together with its subsidiaries, designs, develops, and markets NAND flash controllers for solid-state storage devices.

Silicon Motion Technology Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Silicon Motion Technology
Historical stock prices
Current Share PriceUS$73.48
52 Week HighUS$35.16
52 Week LowUS$81.87
Beta1.1
1 Month Change-0.74%
3 Month Change14.90%
1 Year Change87.64%
3 Year Change36.33%
5 Year Change42.49%
Change since IPO599.81%

Recent News & Updates

Sep 19
Is It Time To Consider Buying Silicon Motion Technology Corporation (NASDAQ:SIMO)?

Is It Time To Consider Buying Silicon Motion Technology Corporation (NASDAQ:SIMO)?

Silicon Motion Technology Corporation ( NASDAQ:SIMO ), might not be a large cap stock, but it led the NASDAQGS gainers...

Sep 03
Silicon Motion Technology Corporation (NASDAQ:SIMO) Shares Could Be 43% Below Their Intrinsic Value Estimate

Silicon Motion Technology Corporation (NASDAQ:SIMO) Shares Could Be 43% Below Their Intrinsic Value Estimate

Today we will run through one way of estimating the intrinsic value of Silicon Motion Technology Corporation...

Aug 04

Silicon Motion Technology Rewards Longs By Taking Care Of Business

SIMO was weighed down by issues raised in the Q1 report, but the release of the Q2 report has put those concerns to rest. Q2 grew faster than expected and the raised guidance suggests that whatever headwinds are out there, they’re not strong enough to derail SIMO. The stock has appreciated by a fifth in recent days, but multiples are still low with a lot of growth left in SIMO. The stock is overbought and some may sell because of that, but hold on to SIMO as all signs indicate that the best is yet to come.

Aug 04
Upgrade: Analysts Just Made A Sizeable Increase To Their Silicon Motion Technology Corporation (NASDAQ:SIMO) Forecasts

Upgrade: Analysts Just Made A Sizeable Increase To Their Silicon Motion Technology Corporation (NASDAQ:SIMO) Forecasts

Shareholders in Silicon Motion Technology Corporation ( NASDAQ:SIMO ) may be thrilled to learn that the analysts have...

Shareholder Returns

SIMOUS SemiconductorUS Market
7D0.5%3.4%2.0%
1Y87.6%49.5%32.8%

Return vs Industry: SIMO exceeded the US Semiconductor industry which returned 49.5% over the past year.

Return vs Market: SIMO exceeded the US Market which returned 32.8% over the past year.

Price Volatility

Is SIMO's price volatile compared to industry and market?
SIMO volatility
SIMO Beta1.1
Industry Beta1.23
Market Beta1

Stable Share Price: SIMO is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: SIMO's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19951,323Wallace Kouhttps://www.siliconmotion.com

Silicon Motion Technology Corporation, together with its subsidiaries, designs, develops, and markets NAND flash controllers for solid-state storage devices. It offers SSDs used in PCs and other devices, as well as eMMC and UFS mobile embedded storage used in smartphones and IOT devices. The company also provides enterprise-grade SSDs used in data centers; and small form-factor specialized SSDs used in industrial, commercial, and automotive applications.

Silicon Motion Technology Fundamentals Summary

How do Silicon Motion Technology's earnings and revenue compare to its market cap?
SIMO fundamental statistics
Market CapUS$2.57b
Earnings (TTM)US$109.57m
Revenue (TTM)US$673.44m

23.4x

P/E Ratio

3.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SIMO income statement (TTM)
RevenueUS$673.44m
Cost of RevenueUS$343.18m
Gross ProfitUS$330.26m
ExpensesUS$220.70m
EarningsUS$109.57m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)3.14
Gross Margin49.04%
Net Profit Margin16.27%
Debt/Equity Ratio0.0%

How did SIMO perform over the long term?

See historical performance and comparison

Dividends

1.9%

Current Dividend Yield

44%

Payout Ratio

Valuation

Is Silicon Motion Technology undervalued compared to its fair value and its price relative to the market?

44.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SIMO ($73.48) is trading below our estimate of fair value ($132.73)

Significantly Below Fair Value: SIMO is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: SIMO is good value based on its PE Ratio (23.4x) compared to the US Semiconductor industry average (30.8x).

PE vs Market: SIMO is poor value based on its PE Ratio (23.4x) compared to the US market (18.1x).


Price to Earnings Growth Ratio

PEG Ratio: SIMO is poor value based on its PEG Ratio (1.2x)


Price to Book Ratio

PB vs Industry: SIMO is good value based on its PB Ratio (4x) compared to the US Semiconductor industry average (4.6x).


Future Growth

How is Silicon Motion Technology forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

19.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SIMO's forecast earnings growth (19.3% per year) is above the savings rate (2%).

Earnings vs Market: SIMO's earnings (19.3% per year) are forecast to grow faster than the US market (15% per year).

High Growth Earnings: SIMO's earnings are forecast to grow, but not significantly.

Revenue vs Market: SIMO's revenue (12.2% per year) is forecast to grow faster than the US market (9.8% per year).

High Growth Revenue: SIMO's revenue (12.2% 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%)


Past Performance

How has Silicon Motion Technology performed over the past 5 years?

-2.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SIMO has high quality earnings.

Growing Profit Margin: SIMO's current net profit margins (16.3%) are higher than last year (15.7%).


Past Earnings Growth Analysis

Earnings Trend: SIMO's earnings have declined by 2.2% per year over the past 5 years.

Accelerating Growth: SIMO's earnings growth over the past year (30.8%) exceeds its 5-year average (-2.2% per year).

Earnings vs Industry: SIMO earnings growth over the past year (30.8%) underperformed the Semiconductor industry 70.6%.


Return on Equity

High ROE: SIMO's Return on Equity (16.9%) is considered low.


Financial Health

How is Silicon Motion Technology's financial position?


Financial Position Analysis

Short Term Liabilities: SIMO's short term assets ($728.8M) exceed its short term liabilities ($182.8M).

Long Term Liabilities: SIMO's short term assets ($728.8M) exceed its long term liabilities ($29.9M).


Debt to Equity History and Analysis

Debt Level: SIMO is debt free.

Reducing Debt: SIMO has no debt compared to 5 years ago when its debt to equity ratio was 0.1%.

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.


Balance Sheet


Dividend

What is Silicon Motion Technology current dividend yield, its reliability and sustainability?

1.91%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SIMO's dividend (1.91%) is higher than the bottom 25% of dividend payers in the US market (1.3%).

High Dividend: SIMO's dividend (1.91%) is low compared to the top 25% of dividend payers in the US market (3.57%).


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 9 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (44.4%), SIMO's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SIMO's dividends in 3 years are forecast to be well covered by earnings (17.3% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

14.4yrs

Average management tenure


CEO

Wallace Kou (63 yo)

26.67yrs

Tenure

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...


Leadership Team

Experienced Management: SIMO's management team is seasoned and experienced (14.4 years average tenure).


Board Members

Experienced Board: SIMO's board of directors are seasoned and experienced ( 16.3 years average tenure).


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Silicon Motion Technology Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Silicon Motion Technology Corporation
  • Ticker: SIMO
  • Exchange: NasdaqGS
  • Founded: 1995
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: US$2.566b
  • Shares outstanding: 34.93m
  • Website: https://www.siliconmotion.com

Number of Employees


Location

  • Silicon Motion Technology Corporation
  • Centre 600, Unit B
  • 16th Floor
  • Kowloon
  • Kowloon
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/27 23:00
End of Day Share Price2021/09/27 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.