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
|Historical stock prices|
|Current Share Price||US$71.76|
|52 Week High||US$35.16|
|52 Week Low||US$81.87|
|1 Month Change||-2.34%|
|3 Month Change||11.60%|
|1 Year Change||93.58%|
|3 Year Change||90.90%|
|5 Year Change||69.45%|
|Change since IPO||583.43%|
Recent News & Updates
Silicon Motion Technology (NASDAQ:SIMO) Knows How To Allocate Capital
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? One common approach...
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...
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...
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.
|SIMO||US Semiconductor||US Market|
Return vs Industry: SIMO exceeded the US Semiconductor industry which returned 49.3% over the past year.
Return vs Market: SIMO exceeded the US Market which returned 33.4% over the past year.
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
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
|SIMO fundamental statistics|
Is SIMO overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|SIMO income statement (TTM)|
|Cost of Revenue||US$343.18m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Oct 27, 2021
|Earnings per share (EPS)||3.14|
|Net Profit Margin||16.27%|
How did SIMO perform over the long term?See historical performance and comparison
2.8%Current Dividend Yield
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 ($71.76) is trading below our estimate of fair value ($143.24)
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 (22.9x) compared to the US Semiconductor industry average (32.7x).
PE vs Market: SIMO is poor value based on its PE Ratio (22.9x) 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 (3.9x) compared to the US Semiconductor industry average (4.8x).
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 (19.9% per year) is above the savings rate (2%).
Earnings vs Market: SIMO's earnings (19.9% per year) are forecast to grow faster than the US market (14.7% per year).
High Growth Earnings: SIMO's earnings are forecast to grow, but not significantly.
Revenue vs Market: SIMO's revenue (12.1% per year) is forecast to grow faster than the US market (9.9% per year).
High Growth Revenue: SIMO's revenue (12.1% 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 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 70.8%.
Return on Equity
High ROE: SIMO's Return on Equity (16.9%) is considered low.
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.
What is Silicon Motion Technology current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SIMO's dividend (2.79%) is higher than the bottom 25% of dividend payers in the US market (1.28%).
High Dividend: SIMO's dividend (2.79%) is low compared to the top 25% of dividend payers in the US market (3.48%).
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).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Wallace Kou (63 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 (14.5 years average tenure).
Experienced Board: SIMO's board of directors are seasoned and experienced ( 16.3 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 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$2.506b
- Shares outstanding: 34.93m
- Website: https://www.siliconmotion.com
Number of Employees
- Silicon Motion Technology Corporation
- Centre 600, Unit B
- 16th Floor
- Hong Kong
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/27 23:03|
|End of Day Share Price||2021/10/27 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.