Company Valuation: Silicon Motion Technology Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 3,319 2,238 2,047 1,820 3,150 8,772 - -
Change - -32.57% -8.55% -11.06% 73.05% 178.45% - -
Enterprise Value (EV) 1 2,959 2,006 1,733 1,544 2,948 8,547 8,330 7,972
Change - -32.21% -13.63% -10.86% 90.91% 189.87% -2.54% -4.3%
P/E ratio 16.6x 12.6x 38.8x 20.1x 25.5x 29.6x 27.7x 23x
PBR 5.96x 2.96x 2.79x 2.37x 3.79x 8.61x 7.34x 5.15x
PEG - -1.33x -0.6x 0.3x 0.7x 0x 3.87x 1.1x
Capitalization / Revenue 3.6x 2.37x 3.2x 2.27x 3.56x 5.41x 5x 4.03x
EV / Revenue 3.21x 2.12x 2.71x 1.92x 3.33x 5.27x 4.74x 3.66x
EV / EBITDA 10.3x 7.24x 17.7x 10.4x 18.1x 22x 23.8x 16.8x
EV / EBIT 11x 7.77x 22.7x 12.5x 22.3x 24.2x 21.3x 16.5x
EV / FCF 19.7x 39.4x 17.6x 46.8x 470x 96.8x 33x 23.8x
FCF Yield 5.07% 2.54% 5.69% 2.14% 0.21% 1.03% 3.03% 4.19%
Dividend per Share 2 2 - 2 2 2 2.175 2.359 1.995
Rate of return 2.1% - 3.26% 3.7% 2.16% 0.84% 0.91% 0.77%
EPS 2 5.71 5.17 1.58 2.69 3.64 8.729 9.355 11.24
Distribution rate 35% - 127% 74.3% 54.9% 24.9% 25.2% 17.7%
Net sales 1 922.1 945.9 639.1 803.6 885.6 1,622 1,756 2,175
EBITDA 1 286.6 277.2 98.03 148.4 162.5 388.9 350.6 475.8
EBIT 1 269.4 258.3 76.22 123.1 132.3 353.2 391.7 484.1
Net income 1 199.9 172.5 52.87 90.72 122.6 298.3 318 383.4
Net Debt 1 -360.1 -232.2 -314.3 -276.1 -201.8 -225.2 -442.3 -800.1
Reference price 2 95.03 64.99 61.27 54.05 92.70 258.70 258.70 258.70
Nbr of stocks (in thousands) 34,925 34,438 33,407 33,682 33,984 33,908 - -
Announcement Date 26/01/22 07/02/23 06/02/24 05/02/25 03/02/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
29.64x5.27x21.98x0.84% 8.77B
21.84x12.28x18.26x0.37% 4,968B
42.83x17.46x25.82x0.68% 1,826B
24.13x11.33x15.47x1.04% 1,943B
14.66x8.53x10.44x0.06% 975B
7.04x3.96x4.84x0.23% 942B
85.89x15.12x57.22x-.--% 760B
-283.9x8.67x25.8x-.--% 498B
280.98x60.62x128.47x-.--% 366B
37.09x12.72x24.46x2.02% 259B
Average 26.02x 15.60x 33.28x 0.52% 1,255B
Weighted average by Cap. 23.20x 13.41x 23.32x 0.47%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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