Super Micro Computer, Inc.

NasdaqGS:SMCI Stock Report

Market Cap: US$51.0b

Super Micro Computer Valuation

Is SMCI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of SMCI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SMCI ($844.54) is trading below our estimate of fair value ($990.36)

Significantly Below Fair Value: SMCI is trading below fair value, but not by a significant amount.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for SMCI?

Other financial metrics that can be useful for relative valuation.

SMCI key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue4.3x
Enterprise Value/EBITDA42.8x
PEG Ratio1.2x

Price to Earnings Ratio vs Peers

How does SMCI's PE Ratio compare to its peers?

The above table shows the PE ratio for SMCI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average20.1x
11.7x2.7%US$35.7b
HPE Hewlett Packard Enterprise
15.5x7.9%US$28.3b
NTAP NetApp
26.3x8.3%US$26.2b
DELL Dell Technologies
26.7x12.3%US$95.8b
SMCI Super Micro Computer
47.1x40.2%US$51.0b

Price-To-Earnings vs Peers: SMCI is expensive based on its Price-To-Earnings Ratio (47.1x) compared to the peer average (20.1x).


Price to Earnings Ratio vs Industry

How does SMCI's PE Ratio compare vs other companies in the Global Tech Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a7.2%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a7.2%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: SMCI is expensive based on its Price-To-Earnings Ratio (47.1x) compared to the Global Tech industry average (23.9x).


Price to Earnings Ratio vs Fair Ratio

What is SMCI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SMCI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio47.1x
Fair PE Ratio66.3x

Price-To-Earnings vs Fair Ratio: SMCI is good value based on its Price-To-Earnings Ratio (47.1x) compared to the estimated Fair Price-To-Earnings Ratio (66.2x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst SMCI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$844.54
US$1,032.47
+22.3%
28.1%US$1,500.00US$285.00n/a14
Jun ’25US$784.51
US$1,032.47
+31.6%
28.1%US$1,500.00US$285.00n/a14
May ’25US$738.30
US$967.57
+31.1%
32.7%US$1,500.00US$285.00n/a15
Apr ’25US$1,037.15
US$919.37
-11.4%
35.6%US$1,350.00US$250.00n/a15
Mar ’25US$905.48
US$745.47
-17.7%
34.2%US$1,300.00US$250.00n/a14
Feb ’25US$583.50
US$568.24
-2.6%
22.3%US$700.00US$250.00n/a11
Jan ’25US$284.26
US$365.80
+28.7%
26.0%US$500.00US$160.00n/a10
Dec ’24US$269.63
US$375.20
+39.2%
21.2%US$500.00US$240.00n/a10
Nov ’24US$252.27
US$362.90
+43.9%
20.4%US$500.00US$240.00n/a10
Oct ’24US$274.22
US$364.00
+32.7%
18.6%US$500.00US$250.00n/a9
Sep ’24US$282.16
US$368.63
+30.6%
19.1%US$500.00US$250.00n/a8
Aug ’24US$337.56
US$287.63
-14.8%
43.7%US$401.00US$65.00n/a8
Jul ’24US$249.25
US$230.71
-7.4%
52.7%US$400.00US$65.00n/a7
Jun ’24US$231.02
US$181.67
-21.4%
60.5%US$400.00US$65.00US$784.516
May ’24US$105.11
US$105.20
+0.09%
37.9%US$175.00US$65.00US$738.305
Apr ’24US$106.55
US$100.80
-5.4%
39.3%US$175.00US$65.00US$1,037.155
Mar ’24US$102.00
US$100.80
-1.2%
39.3%US$175.00US$65.00US$905.485
Feb ’24US$79.74
US$100.80
+26.4%
39.3%US$175.00US$65.00US$583.505
Jan ’24US$82.10
US$97.60
+18.9%
37.8%US$165.00US$63.00US$284.265
Dec ’23US$90.51
US$97.60
+7.8%
37.8%US$165.00US$63.00US$269.635
Nov ’23US$71.86
US$86.00
+19.7%
35.8%US$137.00US$55.00US$252.275
Oct ’23US$55.07
US$91.50
+66.2%
29.0%US$128.00US$55.00US$274.224
Sep ’23US$63.30
US$99.75
+57.6%
17.5%US$128.00US$83.00US$282.164
Aug ’23US$55.24
US$84.25
+52.5%
17.0%US$100.00US$70.00US$337.564
Jul ’23US$39.13
US$78.75
+101.3%
19.2%US$100.00US$60.00US$249.254
Jun ’23US$51.70
US$78.75
+52.3%
19.2%US$100.00US$60.00US$231.024

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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