May. 13 at 11:02 AM
$SIMO This should be trading alot higher with rapid growth thats taking place here.
If you look at other semiconduct stocks like
$MCHP they have an eps of just .22 with a p/e of 450x at a
$52 billion market cap.
$VRT has an eps of
$4.00 with a p/e of 92x at
$141 billion market cap.
Simo has only a
$8.5 billion market cap with an eps of
$5, soon to be
$6 starting next Q, and higher for the next3 Q's.
If we had a p/e of 450x, that would give our s.p of
$2,250 per share. With the current growth rate and shortage of memory and storage, and the new service verticals theyre getting into, they should be trading at least
$500 a share now. Certainly at least
$330 with next Q, projecting a an eps of
$2 having the same multiple.
