SMART Global Holdings Inc.
NASDAQ:SGH
Intrinsic Value
SMART Global Holdings, Inc. designs and manufactures specialty solutions for the computing, memory, and LED markets. [ Read More ]
The intrinsic value of one
SGH
stock under the Base Case scenario is
49.38
USD.
Compared to the current market price of 18.34 USD,
SMART Global Holdings Inc.
is
Undervalued by 63%.
SMART Global Holdings Inc.'s market capitalization is 958.9m USD.
SGH stock price is 18.34 USD.
SGH stock price (18.34 USD) is 63% less than its Intrinsic Value (49.38 USD).
SGH stock price (18.34 USD) is 74% less than its Relative Value (69.78 USD). Open Relative Valuation
SGH has upside potential of 54% compared to the average analyst price target.
Open Wall St Estimates
SGH's Revenue is forecast to grow at a rate of 1% per year over the next 3 years.
SGH has positive Net Debt. This means that the company has more debt (741m USD) than cash and short-term investments (466m USD).
SGH's Revenue has been falling by 2% per year for the last 3 years.
SGH's ROIC (Return on Invested Capital) has decreased in the last 3 years from 6% to 0%.
SGH's long-term assets (2B USD) exceed its long-term liabilties (1B USD).
SGH has positive Free Cash Flow for the last twelve months.
SGH's ROIC (Return on Invested Capital) for the past 12 months is negative and is equal to 0%.
SGH has positive Operating Income for the last twelve months.
SGH has positive Gross Profit for the last twelve months.
SGH's Revenue has dropped by 19% over the past 12 months.
SGH has a very low three-year average ROIC (Return on Invested Capital): 3%. The company is not efficient at using invested capital to generate operating income.
SGH has negative Net Income for the last twelve months.
SGH's D/E (Debt to Equity) is equal to 1.83.
SGH's ROE (Return on Equity) has significantly decreased in the last 3 years from 6% to -54%.
SGH's ROE (Return on Equity) for the past 12 months is negative and is equal to -54%.
SGH has negative three-year average ROE (Return on Equity): -6%. The company is not efficient at transforming stockholders' equity into net income.
SGH's Altman Z-Score is very low and is equal to 1.53.
SGH's short-term assets (885m USD) exceed its short-term liabilties (268m USD).
Valuation Backtest
SMART Global Holdings Inc.
Run backtest to discover the historical profit from buying and selling
SGH
stocks based on their intrinsic value.
Analyze the historical link between intrinsic value and market price to make more informed investment decisions.
Fundamental Analysis
SMART Global Holdings Inc.
Balance Sheet Decomposition
SMART Global Holdings Inc.
| Current Assets | 884.7m |
| Cash & Short-Term Investments | 465.8m |
| Receivables | 170.9m |
| Other Current Assets | 248.1m |
| Non-Current Assets | 632.7m |
| PP&E | 172m |
| Intangibles | 302.9m |
| Other Non-Current Assets | 157.8m |
| Current Liabilities | 268m |
| Accounts Payable | 148m |
| Accrued Liabilities | 23.9m |
| Other Current Liabilities | 96.1m |
| Non-Current Liabilities | 844.5m |
| Long-Term Debt | 740.7m |
| Other Non-Current Liabilities | 103.8m |
Earnings Waterfall
SMART Global Holdings Inc.
|
Revenue
|
1.1B
USD
|
|
Cost of Revenue
|
-753.7m
USD
|
|
Gross Profit
|
352m
USD
|
|
Operating Expenses
|
-350.9m
USD
|
|
Operating Income
|
1.1m
USD
|
|
Other Expenses
|
-199.9m
USD
|
|
Net Income
|
-198.8m
USD
|
Free Cash Flow Analysis
SMART Global Holdings Inc.
SGH Profitability Score
Profitability Due Diligence
SMART Global Holdings Inc.'s profitability score is 36/100. The higher the profitability score, the more profitable the company is.
Score
SMART Global Holdings Inc.'s profitability score is 36/100. The higher the profitability score, the more profitable the company is.
SGH Solvency Score
Solvency Due Diligence
SMART Global Holdings Inc.'s solvency score is 50/100. The higher the solvency score, the more solvent the company is.
Score
SMART Global Holdings Inc.'s solvency score is 50/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
SGH Price Targets Summary
SMART Global Holdings Inc.
According to Wall Street analysts, the average 1-year price target for
SGH
is 28.25 USD
with a low forecast of 24.24 USD and a high forecast of 36.75 USD.
Ownership
SGH Insider Trading
Buy and sell transactions by insiders
| Period | Sold | Bought | Net |
|---|---|---|---|
| 3 Months |
|
|
|
| 6 Months |
|
|
|
| 9 Months |
|
|
|
| 12 Months |
|
|
|
Shareholder Return
SGH Price
SMART Global Holdings Inc.
| Average Annual Return | 27.28% |
| Standard Deviation of Annual Returns | 69.97% |
| Max Drawdown | -65% |
| Market Capitalization | 983m USD |
| Shares Outstanding | 52 031 000 |
| Percentage of Shares Shorted | 12.96% |
Company Profile
SMART Global Holdings Inc.
Country
Industry
Market Cap
Dividend Yield
Description
SMART Global Holdings, Inc. designs and manufactures specialty solutions for the computing, memory, and LED markets. The company is headquartered in Newark California, California and currently employs 3,926 full-time employees. The company went IPO on 2017-05-24. The firm is organized into three lines of business: Memory Solutions, Intelligent Platform Solutions (IPS) and LED Solutions. Its Memory Solutions group provides memory solutions through the design, development and packaging of extended lifecycle products. These products are tailored to meet customer-specific requirements across networking and communications, enterprise storage, computing and other vertical markets. The firm's IPS group consists of Penguin Computing and Penguin Edge. Penguin Computing offers specialized platform solutions for high-performance computing, artificial intelligence, machine learning and advanced modeling for technology research. Penguin Edge offers solutions for embedded and wireless applications. The firm's LED Solutions group offers a range of application-optimized LEDs.
Contact
IPO
Employees
Officers
The intrinsic value of one
SGH
stock under the Base Case scenario is
49.38
USD.
Compared to the current market price of 18.34 USD,
SMART Global Holdings Inc.
is
Undervalued by 63%.
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