Discounted Cash Flow

Silicon Motion Technology Corp. ADR

SIMO · Based on 10 years of SEC filings · Converted from TWD to USD (4 ordinary shares per ADR)

⚠ Cash flow predictability 53/100 (moderate) — FCF YoY std dev 70%, net income 51% (full history)

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income
Dividends

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $17.7m $3.5m $3.6m 19.9% $0.79
2017 $16.6m (-5.9%) $2.4m (-32.4%) $2.9m (-18.7%) 14.3% (-28.2%) $0.53 (-32.9%)
2018 $16.9m (1.3%) $3.1m (30.8%) $1.1m (-63.8%) 18.5% (29.1%) $0.68 (28.3%)
2019 $14.5m (-13.8%) $2.0m (-34.3%) $2.1m (99.7%) 14.1% (-23.8%) $0.46 (-32.4%)
2020 $17.1m (18.0%) $2.5m (23.8%) $3.1m (46.5%) 14.8% (5.0%) $0.57 (23.9%)
2021 $29.3m (70.9%) $6.4m (150.8%) $4.8m (53.6%) 21.7% (46.7%) $1.43 (150.9%)
2022 $30.1m (2.6%) $5.5m (-13.7%) $1.6m (-66.0%) 18.2% (-15.9%) $5.19 (262.9%)
2023 $20.3m (-32.4%) $1.7m (-69.4%) $3.1m (93.9%) 8.3% (-54.6%) $0.40 (-92.3%)
2024 $25.5m (25.7%) $2.8m (68.8%) $1.0m (-66.8%) 11.1% (34.3%) $0.66 (65.0%)
2025 $28.1m (10.2%) $3.9m (37.4%) $200.0k (-80.8%) 13.8% (24.7%) $0.91 (37.9%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

SEC filings report in TWD. Values above are converted to USD for comparison with the US-listed share price.

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model