Stock Analysis on Net
Stock Analysis on Net

Monolithic Power Systems Inc. (NASDAQ:MPWR)

Price to FCFE (P/FCFE)

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Free Cash Flow to Equity (FCFE)

Monolithic Power Systems Inc., FCFE calculation

US$ in thousands

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12 months ended: Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Net income 1,786,700 427,374 437,672 242,023 164,375
Net noncash charges (1,090,358) 180,515 195,958 149,627 100,425
Changes in operating assets and liabilities 92,068 30,324 (386,956) (71,640) 3,003
Net cash provided by operating activities 788,410 638,213 246,674 320,010 267,803
Purchases of property and equipment (146,118) (57,578) (58,843) (94,420) (55,610)
Free cash flow to equity (FCFE) 642,292 580,635 187,831 225,590 212,193

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Item Description The company
FCFE Free cash flow to equity is the cash flow available to Monolithic Power Systems Inc. equity holders after all operating expenses, interest, and principal payments have been paid and necessary investments in working and fixed capital have been made. Monolithic Power Systems Inc. FCFE increased from 2022 to 2023 and from 2023 to 2024.

Price to FCFE Ratio, Current

Monolithic Power Systems Inc., current P/FCFE calculation, comparison to benchmarks

Microsoft Excel
No. shares of common stock outstanding 47,866,000
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in thousands) 642,292
FCFE per share 13.42
Current share price (P) 601.44
Valuation Ratio
P/FCFE 44.82
Benchmarks
P/FCFE, Competitors1
Advanced Micro Devices Inc. 104.43
Analog Devices Inc. 27.93
Applied Materials Inc. 14.85
Broadcom Inc. 20.34
Intel Corp. —
KLA Corp. 24.70
Lam Research Corp. 24.01
Micron Technology Inc. —
NVIDIA Corp. 45.62
Qualcomm Inc. 16.88
Texas Instruments Inc. 42.43
P/FCFE, Sector
Semiconductors & Semiconductor Equipment 54.57
P/FCFE, Industry
Information Technology 37.52

Based on: 10-K (reporting date: 2024-12-31).

1 Click competitor name to see calculations.

If the company P/FCFE is lower then the P/FCFE of benchmark then company is relatively undervalued.
Otherwise, if the company P/FCFE is higher then the P/FCFE of benchmark then company is relatively overvalued.

Price to FCFE Ratio, Historical

Monolithic Power Systems Inc., historical P/FCFE calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
No. shares of common stock outstanding1 47,866,000 48,661,000 47,305,000 46,509,000 45,621,000
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in thousands)2 642,292 580,635 187,831 225,590 212,193
FCFE per share3 13.42 11.93 3.97 4.85 4.65
Share price1, 4 578.92 720.04 483.06 461.44 389.05
Valuation Ratio
P/FCFE5 43.14 60.34 121.66 95.13 83.64
Benchmarks
P/FCFE, Competitors6
Advanced Micro Devices Inc. 109.67 241.70 33.46 44.72 133.51
Analog Devices Inc. 29.30 22.28 24.14 34.67 33.98
Applied Materials Inc. 17.05 17.53 19.17 27.20 23.21
Broadcom Inc. 26.03 30.06 14.62 22.35 9.16
Intel Corp. — — — 14.25 8.57
KLA Corp. 25.11 26.78 9.01 28.05 19.15
Lam Research Corp. 25.89 18.67 24.95 34.58 16.89
Micron Technology Inc. — — 18.66 37.24 81.71
NVIDIA Corp. 65.45 151.07 54.83 35.22 44.24
Qualcomm Inc. 18.57 11.97 19.13 17.93 34.91
Texas Instruments Inc. 42.96 37.61 23.88 21.87 24.10
P/FCFE, Sector
Semiconductors & Semiconductor Equipment 45.79 47.70 29.30 25.10 17.84
P/FCFE, Industry
Information Technology 36.62 33.19 26.96 27.33 23.40

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 Data adjusted for splits and stock dividends.

2 See details »

3 2024 Calculation
FCFE per share = FCFE ÷ No. shares of common stock outstanding
= 642,292,000 ÷ 47,866,000 = 13.42

4 Closing price as at the filing date of Monolithic Power Systems Inc. Annual Report.

5 2024 Calculation
P/FCFE = Share price ÷ FCFE per share
= 578.92 ÷ 13.42 = 43.14

6 Click competitor name to see calculations.

Valuation ratio Description The company
P/FCFE Price to free cash flow to equity is cash valuation indicator of stockholders’ equity. Monolithic Power Systems Inc. P/FCFE ratio decreased from 2022 to 2023 and from 2023 to 2024.