The growth of the EPS is critical in understanding the current valuation of Silicon Motion Technology Corporation. It is usually expressed as a percentage and is then referred to as the EPS growth rate, which at this time is hard to estimate, but revenue growth has been 1.60 % over the last twelve months. The higher the EPS growth rate, the higher the value that is added to shareholders and a good reflection on the performance of the management at Silicon Motion Technology Corporation.



Silicon Motion Technology Corporation is part of the technology sector and is part of the semiconductors industry. The company CEO is Wallace C. Kou. Silicon Motion Technology Corp designs, develops and supplies NAND flash controllers ICs for solid state storage devices and SSD controllers. It also supplies specialized high-performance hyperscale datacenter and industrial SSD solutions.

Previous Intraday Performance:

The SIMO shares had a previous change of 0.50% which opened at 34.53 and closed at 34.43. It moved to an intraday high of 34.69 and a low of 34.30.

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Historical Performance:

Over the last five trading days, SIMO shares returned -0.46% and in the past 30 trading days it returned -7.70%. Over three months, it changed -35.71%. In one year it has changed -33.11% and within that year its 52-week high was 61.85 and its 52-week low was 31.73. SIMO stock is 8.51% above its 52 Week Low.

Our calculations result in a 200 day moving average of 47.95 and a 50 day moving average of 39.84. Right now, SIMO stock is trading -28.20% below its 200 day moving average and may not be a great opportunity to buy as it may continue to trend down.

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Liquidity:

The company has a market cap of $1.2b with 36.1m shares outstanding and a float of 36.1m shares. Trading volume was 273,535 shares and has experienced an average volume of 480,435 shares. Our calculation, using the current average volume and close price, leads me to believe that the liquidity is bad, highly speculative and an investor may want to avoid this stock.

Earnings:

The last annual reported EPS for Silicon Motion Technology Corporation was 2.08 which ended on 31st of December 2017, which according to the previous close, that is a PE of 16.55. Based on 1 analyst estimate, the estimated EPS for the next quarter is 0.77. The trailing twelve month EPS is 2.65, which comes to a trailing twelve month PE of 12.99. Historically, the PE high was 34.90 and the PE low was 6.90. If the stock reached its PE low, that would represent a price of 18.29, which is a decrease of -46.88%.

Below was the last reported quarterly earnings per share:
09-30-2018:  0.84
06-30-2018:  0.90
03-31-2018:  0.64
12-31-2017:  0.27

The dividend per share is currently 1.19, which is a dividend yield of 3.46%. Also, the payout ratio is 44.91%, therefore the dividend is safe according to our calculations.



Base on our calculations, the intrinsic value per share is 62.87, which means it might be undervalued and has a margin of safety of 45.24%

Indicators Also to Watch:

Based on the latest filings, there is 113.40% of institutional ownership. Short-interest was 0, which was 0.00% of shares outstanding. The short-interest ratio or days-to-cover ratio was 0.00.

I calculated the beta to be 0.90

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Fundamental Numbers:

Based on last reported financials, the company’s return on equity is 16.87%, return on assets is 13.85%, profit margin is 17.08%, price-to-sales is 2.28 and price-to-book is 2.12.

Company Score Card:

Results are out of six:
 2  : Growth Expectations Result
 5  : Financial Safety Result
 2  : Past Performance Result
 5  : Valuation Result
 3  : Dividend Safety Result
 3  : Overall Result

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Jake McWilliams
I am an independent trader, analyst and algorithmic trading expert, having worked both for the sell side (brokerage) and the buy side (fund administration). I have been trading professionally for about 20 years. I trade stocks and forex and I play both long and short positions in underlying asset or through options. I have experience with discretionary and fully automated systems (Metatrader and Quantshare).

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