Super Micro Computer, Inc. (SMCI) vs Western Digital Corporation (WDC)

Super Micro Computer, Inc. and Western Digital Corporation are both Computer Hardware companies. Western Digital Corporation is the larger, with a market value of $165.5B against $27.7B — 6.0× the size. Super Micro Computer, Inc. trades at the lower P/E: 12.1× against 16.9×. Super Micro Computer, Inc. grew revenue faster over the last twelve months: 77.8% against 35.7%. Western Digital Corporation has the higher net margin (73.0% vs 5.71%) and the higher return on invested capital (33.4% vs 11.0%). Across the 21 metrics below, Western Digital Corporation leads on 11 and Super Micro Computer, Inc. on 10.

Valuation

Metric SMCI WDC Computer Hardware median
P/E 12.05 16.89 20.64
P/S 0.67 12.18 2.95
P/B 2.54 17.75 2.78
Price to free cash flow n/m 44.82 25.64
EV/EBITDA 9.43 32.99 20.51
EV/Sales 0.70 12.33 3.48
Earnings yield 8.30% 5.92% (4.08%)
Free cash flow yield (26.73%) 2.23% (2.90%)

Profitability

Metric SMCI WDC Computer Hardware median
Gross margin 10.82% 48.85% 37.84%
Operating margin 7.09% 34.47% (0.80%)
Net margin 5.71% 72.95% (14.15%)
Free cash flow margin (17.81%) 27.18% 0.00%
Return on equity 26.95% 132.97% (2.10%)
Return on assets 10.15% 67.65% (0.42%)
Return on invested capital 11.04% 33.38% 0.00%

Growth

Metric SMCI WDC Computer Hardware median
Revenue growth (TTM) 77.79% 35.70% 27.21%
EPS growth (last fiscal year) 94.05% 373.29% —
Revenue growth, 5-year CAGR 61.48% (5.26%) 0.81%
Net income growth, 5-year CAGR 81.94% 62.92% 0.00%

Health

Metric SMCI WDC Computer Hardware median
Debt to equity 0.60 0.12 0.00
Current ratio 3.87 1.33 2.76
Net debt to EBITDA 0.42 (0.11) 0.46

Dividend

Metric SMCI WDC Computer Hardware median
Dividend yield — 0.03% 2.47%
Payout ratio 0.00 0.00 0.00

Size

Metric SMCI WDC Computer Hardware median
Market cap 27.73b 165.48b 462.08m

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