Stock Analysis on Net
Stock Analysis on Net

Super Micro Computer Inc. (NASDAQ:SMCI)

Enterprise Value to EBITDA (EV/EBITDA)

Microsoft Excel

Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)

Super Micro Computer Inc., EBITDA calculation

US$ in thousands

Microsoft Excel
12 months ended: Jun 30, 2024 Jun 30, 2023 Jun 30, 2022 Jun 30, 2021 Jun 30, 2020 Jun 30, 2019
Net income 1,152,666 639,998 285,163 111,865 84,308 71,918
Add: Income tax expense 63,294 110,666 52,876 6,936 2,922 14,884
Earnings before tax (EBT) 1,215,960 750,664 338,039 118,801 87,230 86,802
Add: Interest expense 19,352 10,491 6,413 2,485 2,236 6,690
Earnings before interest and tax (EBIT) 1,235,312 761,155 344,452 121,286 89,466 93,492
Add: Depreciation, amortization and non-cash interest 40,985 34,904 32,471 28,185 28,472 24,202
Earnings before interest, tax, depreciation and amortization (EBITDA) 1,276,297 796,059 376,923 149,471 117,938 117,694

Based on: 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30).

Item Description The company
EBITDA To calculate EBITDA analysts start with net earnings. To that earnings number, interest, taxes, depreciation, and amortization are added. EBITDA as a pre-interest number is a flow to all providers of capital. Super Micro Computer Inc. EBITDA increased from 2022 to 2023 and from 2023 to 2024.

Enterprise Value to EBITDA Ratio, Current

Super Micro Computer Inc., current EV/EBITDA calculation, comparison to benchmarks

Microsoft Excel
Selected Financial Data (US$ in thousands)
Enterprise value (EV) 20,837,213
Earnings before interest, tax, depreciation and amortization (EBITDA) 1,276,297
Valuation Ratio
EV/EBITDA 16.33
Benchmarks
EV/EBITDA, Competitors1
Apple Inc. 24.57
Arista Networks Inc. 27.05
Cisco Systems Inc. 16.21
Dell Technologies Inc. 8.93
EV/EBITDA, Sector
Technology Hardware & Equipment 22.96
EV/EBITDA, Industry
Information Technology 27.57

Based on: 10-K (reporting date: 2024-06-30).

1 Click competitor name to see calculations.

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

Enterprise Value to EBITDA Ratio, Historical

Super Micro Computer Inc., historical EV/EBITDA calculation, comparison to benchmarks

Microsoft Excel
Jun 30, 2024 Jun 30, 2023 Jun 30, 2022 Jun 30, 2021 Jun 30, 2020 Jun 30, 2019
Selected Financial Data (US$ in thousands)
Enterprise value (EV)1 27,531,684 13,351,606 3,957,189 1,672,177 1,255,796 912,580
Earnings before interest, tax, depreciation and amortization (EBITDA)2 1,276,297 796,059 376,923 149,471 117,938 117,694
Valuation Ratio
EV/EBITDA3 21.57 16.77 10.50 11.19 10.65 7.75
Benchmarks
EV/EBITDA, Competitors4
Apple Inc. 25.29 21.66 19.15 20.47 23.12 13.59
Arista Networks Inc. 36.90 31.29 24.52 37.29 26.96 —
Cisco Systems Inc. 13.28 12.16 10.52 15.05 9.69 11.36
Dell Technologies Inc. 11.43 6.61 4.85 9.32 8.64 —
EV/EBITDA, Sector
Technology Hardware & Equipment 23.61 20.01 17.26 19.17 19.89 —
EV/EBITDA, Industry
Information Technology 27.60 23.59 18.31 20.49 19.71 —

Based on: 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30).

1 See details »

2 See details »

3 2024 Calculation
EV/EBITDA = EV ÷ EBITDA
= 27,531,684 ÷ 1,276,297 = 21.57

4 Click competitor name to see calculations.

Valuation ratio Description The company
EV/EBITDA Enterprise value to earnings before interest, tax, depreciation and amortization is a valuation indicator for the overall company rather than common stock. Super Micro Computer Inc. EV/EBITDA ratio increased from 2022 to 2023 and from 2023 to 2024.