Smith Micro Software
Market Cap
US$302.8m
Last Updated
2021/07/31 22:15 UTC
Data Sources
Company Financials +
Executive Summary
Smith Micro Software, Inc. develops and sells software to enhance the mobile experience to wireless and cable service providers worldwide. More Details
Rewards
Risk Analysis
Currently unprofitable and not forecast to become profitable over the next 3 years
Snowflake Analysis
Flawless balance sheet with limited growth.
Share Price & News
How has Smith Micro Software's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SMSI is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: SMSI's weekly volatility (7%) has been stable over the past year.
Market Performance
7 Day Return
-0.4%
SMSI
-0.8%
US Software
-0.5%
US Market
1 Year Return
37.0%
SMSI
38.6%
US Software
35.9%
US Market
Return vs Industry: SMSI underperformed the US Software industry which returned 38.4% over the past year.
Return vs Market: SMSI exceeded the US Market which returned 35.9% over the past year.
Shareholder returns
| SMSI | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.4% | -0.8% | -0.5% |
| 30 Day | 9.5% | 3.6% | 0.09% |
| 90 Day | 0.7% | 11.8% | 3.2% |
| 1 Year | 37.0%37.0% | 39.3%38.6% | 38.0%35.9% |
| 3 Year | 122.0%122.0% | 145.7%139.1% | 62.8%52.6% |
| 5 Year | 114.4%114.4% | 351.0%327.7% | 121.2%96.9% |
Long-Term Price Volatility Vs. Market
How volatile is Smith Micro Software's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
A Look At The Intrinsic Value Of Smith Micro Software, Inc. (NASDAQ:SMSI)1 month ago | Simply Wall St
Smith Micro Software, Inc.'s (NASDAQ:SMSI) CEO Compensation Is Looking A Bit Stretched At The Moment2 months ago | Simply Wall St
Have Insiders Sold Smith Micro Software, Inc. (NASDAQ:SMSI) Shares Recently?Valuation
Is Smith Micro Software undervalued compared to its fair value and its price relative to the market?
2.53x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: SMSI ($5.66) is trading above our estimate of fair value ($5.05)
Significantly Below Fair Value: SMSI is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SMSI is unprofitable, so we can't compare its PE Ratio to the US Software industry average.
PE vs Market: SMSI 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 SMSI's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SMSI is good value based on its PB Ratio (2.5x) compared to the US Software industry average (6.7x).
Future Growth
How is Smith Micro Software forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
133.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SMSI is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: SMSI is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: SMSI is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: SMSI's revenue (28.2% per year) is forecast to grow faster than the US market (9.2% per year).
High Growth Revenue: SMSI's revenue (28.2% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if SMSI's Return on Equity is forecast to be high in 3 years time
Past Performance
How has Smith Micro Software performed over the past 5 years?
58.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SMSI is currently unprofitable.
Growing Profit Margin: SMSI is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: SMSI is unprofitable, but has reduced losses over the past 5 years at a rate of 58.3% per year.
Accelerating Growth: Unable to compare SMSI's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: SMSI is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (34.2%).
Return on Equity
High ROE: SMSI has a negative Return on Equity (-0.96%), as it is currently unprofitable.
Financial Health
How is Smith Micro Software's financial position?
Financial Position Analysis
Short Term Liabilities: SMSI's short term assets ($98.5M) exceed its short term liabilities ($8.4M).
Long Term Liabilities: SMSI's short term assets ($98.5M) exceed its long term liabilities ($5.6M).
Debt to Equity History and Analysis
Debt Level: SMSI is debt free.
Reducing Debt: SMSI had no debt 5 years ago.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable SMSI has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: SMSI is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 40.4% per year.
Dividend
What is Smith Micro Software current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate SMSI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate SMSI'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 SMSI's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SMSI'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 SMSI'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?
5.2yrs
Average management tenure
CEO
William Smith (73 yo)
39.5yrs
Tenure
US$1,923,648
Compensation
Mr. William W. Smith, Jr., co-founded Smith Micro Software Inc. in 1982 and has been its Chairman of the Board, President and Chief Executive Officer since 1982. Mr. Smith served at Rockwell International ...
CEO Compensation Analysis
Compensation vs Market: William's total compensation ($USD1.92M) is about average for companies of similar size in the US market ($USD1.72M).
Compensation vs Earnings: William's compensation has increased whilst the company is unprofitable.
Leadership Team
Experienced Management: SMSI's management team is seasoned and experienced (5.2 years average tenure).
Board Members
Experienced Board: SMSI's board of directors are seasoned and experienced ( 13.4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SMSI insiders have only sold shares 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 29.1%.
Top Shareholders
Company Information
Smith Micro Software, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Smith Micro Software, Inc.
- Ticker: SMSI
- Exchange: NasdaqCM
- Founded: 1982
- Industry: Application Software
- Sector: Software
- Market Cap: US$302.754m
- Shares outstanding: 53.49m
- Website: https://www.smithmicro.com
Number of Employees
Location
- Smith Micro Software, Inc.
- 5800 Corporate Drive
- Pittsburgh
- Pennsylvania
- 15237
- United States
Listings
Biography
Smith Micro Software, Inc. develops and sells software to enhance the mobile experience to wireless and cable service providers worldwide. The company provides SafePath Family, SafePath IoT, and SafePath H...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/07/31 22:15 |
| End of Day Share Price | 2021/07/30 00:00 |
| Earnings | 2021/03/31 |
| Annual Earnings | 2020/12/31 |
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.