Financials Monolithic Power Systems, Inc.

Equities

MPWR

US6098391054

Semiconductors

Market Closed - Nasdaq Other stock markets 04:00:00 2024-05-17 pm EDT			5-day change	1st Jan Change
730 ^USD	+0.27%		+3.92%	+15.74%

May. 09	Monolithic Power Systems Insider Sold Shares Worth $508,515, According to a Recent SEC Filing	MT
May. 09	Monolithic Power Systems Insider Sold Shares Worth $599,610, According to a Recent SEC Filing	MT

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	7,733	16,516	22,739	16,599	30,222	35,533	-	-
Enterprise Value (EV) ¹	7,733	16,516	22,739	16,384	29,783	34,430	34,312	34,017
P/E ratio	74.8 x	105 x	97.7 x	39.1 x	72 x	75 x	57 x	46.8 x
Yield	0.9%	0.57%	0.49%	0.85%	0.63%	0.68%	0.71%	0.77%
Capitalization / Revenue	12.3 x	19.6 x	18.8 x	9.25 x	16.6 x	17.2 x	14.2 x	12.3 x
EV / Revenue	12.3 x	19.6 x	18.8 x	9.13 x	16.4 x	16.7 x	13.7 x	11.8 x
EV / EBITDA	38.6 x	61.3 x	54.2 x	22.8 x	43.7 x	45.3 x	35.5 x	28.8 x
EV / FCF	64.2 x	77.8 x	101 x	87.2 x	51.3 x	74.9 x	59.7 x	45.9 x
FCF Yield	1.56%	1.28%	0.99%	1.15%	1.95%	1.33%	1.67%	2.18%
Price to Book	10.5 x	17.2 x	18.3 x	9.98 x	14.8 x	14.9 x	12.7 x	10.7 x
Nbr of stocks (in thousands)	43,439	45,097	46,093	46,942	47,912	48,672	-	-
Reference price ²	178.0	366.2	493.3	353.6	630.8	730.0	730.0	730.0
Announcement Date	2/5/20	2/4/21	2/10/22	2/8/23	2/7/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	627.9	844.5	1,208	1,794	1,821	2,066	2,498	2,894
EBITDA ¹	200.1	269.3	419.8	718	681.3	759.2	966.1	1,182
EBIT ¹	185.4	250.1	391.1	680.9	641.1	722.7	938.4	1,049
Operating Margin	29.52%	29.61%	32.38%	37.95%	35.21%	34.99%	37.56%	36.24%
Earnings before Tax (EBT) ¹	113.1	169.3	272.2	524.9	505.8	556.3	772	962.4
Net income ¹	108.8	164.4	242	437.7	427.4	478.1	638.8	770.2
Net margin	17.33%	19.47%	20.04%	24.39%	23.47%	23.15%	25.57%	26.61%
EPS ²	2.380	3.500	5.050	9.050	8.760	9.740	12.82	15.61
Free Cash Flow ¹	120.5	212.2	225.6	187.8	580.7	459.6	574.7	740.8
FCF margin	19.19%	25.12%	18.68%	10.47%	31.89%	22.25%	23%	25.6%
FCF Conversion (EBITDA)	60.21%	78.79%	53.74%	26.16%	85.23%	60.53%	59.48%	62.65%
FCF Conversion (Net income)	110.71%	129.07%	93.2%	42.92%	135.87%	96.12%	89.96%	96.19%
Dividend per Share ²	1.600	2.100	2.400	3.000	4.000	5.000	5.200	5.600
Announcement Date	2/5/20	2/4/21	2/10/22	2/8/23	2/7/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2
Net sales ¹	336.5	377.7	461	495.4	460	451.1	441.1	474.9	454	457.9	490.5	547.1	570	566.6	607.4
EBITDA ¹	120.3	142.7	189	203.4	182.9	174.1	163.1	177.8	166.3	159.9	176.2	212.2	228.8	217.1	237.4
EBIT ¹	112	133.6	179.4	193.7	174.1	164.1	153.1	167.8	156.1	151.6	166	196.2	209.3	204.8	225.6
Operating Margin	33.28%	35.37%	38.93%	39.1%	37.86%	36.38%	34.71%	35.35%	34.38%	33.11%	33.85%	35.86%	36.73%	36.15%	37.13%
Earnings before Tax (EBT) ¹	81.96	95.5	136.8	151.9	140.8	129.6	118.9	137.9	119.5	105	127.3	156.1	163.5	160.9	183.7
Net income ¹	72.67	79.57	114.7	124.3	119.1	109.8	99.5	121.2	96.9	92.54	106.3	134.1	144.5	136.6	151.9
Net margin	21.6%	21.07%	24.88%	25.1%	25.89%	24.34%	22.56%	25.52%	21.34%	20.21%	21.68%	24.5%	25.35%	24.11%	25%
EPS ²	1.510	1.650	2.370	2.570	2.450	2.260	2.040	2.480	1.980	1.890	2.163	2.717	2.963	2.748	3.040
Dividend per Share ²	0.6000	0.7500	0.7500	0.7500	0.7500	1.000	1.000	1.000	1.000	1.250	1.250	1.250	1.250	1.275	1.275
Announcement Date	2/10/22	5/2/22	8/1/22	10/27/22	2/8/23	5/4/23	7/31/23	10/30/23	2/7/24	5/1/24	-	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	-	-	-	215	439	1,103	1,221	1,516
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	120	212	226	188	581	460	575	741
ROE (net income / shareholders' equity)	25.1%	27.2%	32.3%	30.1%	23%	26.5%	29%	29.9%
ROA (Net income/ Total Assets)	20.3%	21.9%	25.5%	24%	19%	22.3%	24.1%	25%
Assets ¹	535.8	751.5	948.1	1,822	2,247	2,140	2,650	3,079
Book Value Per Share ²	16.90	21.40	26.90	35.40	42.70	48.90	57.70	68.20
Cash Flow per Share ²	4.730	5.700	6.680	5.100	13.10	16.40	17.60	21.00
Capex ¹	95.8	55.6	94.4	58.8	57.6	80.8	90	126
Capex / Sales	15.26%	6.59%	7.82%	3.28%	3.16%	3.91%	3.6%	4.34%
Announcement Date	2/5/20	2/4/21	2/10/22	2/8/23	2/7/24	-	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Monolithic Power Systems, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

730 USD

Average target price

762.2 USD

Spread / Average Target

+4.40%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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