Monolithic Power Systems, Inc. (MPWR)

NASDAQ: MPWR · USD

$1,212

+0.12 (+0.0%)· Recorded snapshot

영어 원본으로 대체KO

번역하는 동안 영어 원본을 표시 중

이 리포트는 아직 번역되지 않았습니다. 번역 대기열이 따라잡으면 몇 분 후에 새로고침하세요.

StockMarketAgent Research · Analyzed 2026-10-20

Our latest published analysis: MPWR rated Sell

Monolithic Power Systems, Inc.'s published Sell conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$764 / share

Potential value

$1,099 / share

Upside to FV

-39.1%

from $1,212

Moat

9/10

Wide

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$61.6B
Revenue (ttm)	3.3B
Net income (ttm)	801.9M
EPS (ttm)	$16.4
Shares out	49.1M
P/E (trailing)	73.9x
P/E (forward)	38.8x
Dividend	$8.00 (0.66%)
Volume	445,742
Beta	1.68

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 3.3B
Net income (ttm): 801.9M
EPS (ttm): $16.4
P/E (trailing): 73.9x
P/E (forward): 38.8x
Market cap: $61.6B

Item	P1	P2	P3	P4	P5	Trend
Period	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31	Trend
Revenue	$1.21B	$1.79B	$1.82B	$2.21B	$2.79B	+23.3%
Gross profit	$685.5M	$1.05B	$1.02B	$1.22B	$1.54B	+22.4%
Operating income	$262.4M	$526.8M	$481.7M	$539.4M	$728.6M	+29.1%
Net income	$242.0M	$437.7M	$427.4M	$1.59B	$621.5M	+26.6%
EPS (diluted)	$5.05	$9.05	$8.76	$32.60	$12.86	+26.3%
EBITDA	$300.9M	$562.1M	$546.0M	$609.3M	$818.7M	+28.4%
R&D	$190.6M	$240.2M	$263.6M	$324.7M	$382.3M	+19.0%
SG&A	$232.4M	$281.6M	$275.7M	$356.8M	$428.8M	+16.5%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
ARM	Arm Holdings plc	252B	240.8x	48.2x	14.2%	—	+31.0%	매도
ASML	ASML Holding N.V.	647.9B	42.6x	14.2x	92.1%	+17.2%	+57.7%	매도
DDOG	Datadog, Inc.	100B	567.7x	25.6x	2.9%	+39.0%	+75.6%	매도
AAPL	Apple Inc.	5T	39.4x	10.8x	101.6%	+6.1%	+28.5%	매도
ACN	Accenture plc	144.3B	18.0x	2.0x	27.9%	+8.0%	+0.4%	보유
ADBE	Adobe Inc.	97.1B	13.9x	3.7x	57.2%	+11.5%	-30.7%	적극 매수

Base and Bull scenarios

Base60%

Price target

$764.11

-39.1% from spot

In the base scenario, MPWR executes on its multi-year data center and automotive expansion. Enterprise Data revenue achieves the 130% target floor for FY2026 while automotive revenue grows in the mid-teens. Operating margins expand to 33.0% over the five-year horizon. However, terminal discounting at 11.49% Ke yields a fair value of $764.11, well below the prevailing market price.

Consolidated revenue reaches $4,159.45M in FY2026 (+49.06%) and $5,313.85M in FY2027 (+27.75%).
Operating margins expand gradually from 26.11% in FY2025 to 30.5% in FY2026 and 33.0% by FY2030.
Discount rate Ke moderate of 11.4887% and terminal P/E multiple of 28.0x.

Bull20%

Price target

$1,099.02

-12.3% from spot

In the bull scenario, hyperscale AI server cluster buildouts accelerate unabated. Power delivery architectures scale from 40kW to over 100kW per rack, driving strong module content growth. MPWR's proprietary monolithic BCD power stages maintain dominant market share, lifting operating margins toward 35% as capacity crosses the $6B run rate.

Revenue growth reaches 49.06% in FY2026 and sustains >30% through FY2028.
Operating margins expand toward 35.0% on strong SG&A leverage.
High-density 800V DC and DDR5 module socket adoption drives content expansion.

Sensitivity: Ke × terminal growth

The highlighted cell is Fair value when every assumption sits at its base level ($764.11). Each row and column shows what Fair value becomes when one assumption moves.

Ke ↓ / g →	2.5%	3.0%	3.5%	4.0%	4.5%
10.5%	$792	$810	$829	$852	$879
11.0%	$763	$778	$795	$814	$837
11.5%	$736	$749	$764	$781	$800
12.0%	$712	$723	$736	$750	$767
12.5%	$689	$699	$711	$723	$737

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E38.8

P25 n/aP50 n/aP75 n/a

Trailing P/E73.7

P25 n/aP50 n/aP75 n/a

ROE22

P25 n/aP50 n/aP75 n/a

ROIC31.7

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All MPWR indicators

Market & fundamental data

Available fields

295

Groups with data

Currency

USD

Showing 295 of 295 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0001280452
Company name	Monolithic Power Systems, Inc.
Country	United States
Country code	US
CUSIP number	609839105
Earnings date	2026-10-29
Earnings time	amc
Employees	4,501
Employees change	484
Employees growth	12.05%
Enterprise value	$58.2B
Exchange	NASDAQ
Financial currency	USD
Financial report date	2026-06-30
First seen	2026-05-09
Fiscal year end	December
Founded	1997
In index	SP500, NASDAQ100
Industry	Semiconductors
IPO date	2004-11-19
Is primary listing	Yes
Is SPAC	No
ISIN number	US6098391054
Last 10-K release date	2026-02-27
Last earnings date	2026-07-30
Last refreshed	2026-10-28
Last stock split type	Never
Market cap	$59.6B
Market cap category	Large-Cap
Next earnings date	2026-10-29
Options	Yes
Price	$1,212.07
Price currency	USD
Sector	Technology
SIC code	3674
Stock price date	2026-10-28
Symbol	MPWR
U.S. state	Florida
Website	https://www.monolithicpower.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	57.39x
Average P/E ratio (10Y)	65.83x
Average P/E ratio (3Y)	59.74x
Average P/E ratio (5Y)	61.97x
Earnings yield	1.35%
EV/Earnings	71.86x
EV/EBIT	61.29x
EV/EBITDA	57.61x
EV/FCF	98.42x
EV/Sales	17.61x
FCF / EV yield	1.02%
FCF yield	0.99%
Forward EV/Sales	11.91x
Forward P/E	37.5x
Forward P/S	12.2x
Graham number	170.98901
Graham upside	-85.76%
Industry forward P/E	13.58x
Industry P/E	26.27x
Lynch fair value	$409.82
Lynch upside	-65.88%
P/(FCF - SBC) ratio	156.69x
P/(OCF - SBC) ratio	96.21x
P/B ratio	15.29x
P/E ratio	73.94x
P/FCF ratio	100.8x
P/OCF ratio	71.77x
P/S ratio	18.03x
PEG ratio	1.17x
Price / tangible book value	15.29x
Price/EBITDA ratio	59.01x
Sector forward P/E	18.55x
Sector P/E	32.64x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	28.72%
EBITDA margin	30.56%
Effective tax rate	18.52%
FCF margin	17.89%
Gross margin	55.2%
Operating margin	28.72%
Pretax margin	30.07%
Profit margin	24.5%
Profit per employee	$178,171
Profitable quarters	69
Profitable years	19
Revenue per employee	$727,207
ROA	13.57%
ROA (5Y)	13.27%
ROCE	22.45%
ROE	21.98%
ROE (5Y)	31.56%
ROIC	31.71%
ROIC (5Y)	43.49%
SBC / revenue	6.38%
Tax / revenue	5.57%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	-52.49%
EPS growth (Q)	85.77%
EPS growth (QoQ)	33.16%
EPS growth 10Y	31.76%
EPS growth 3Y	20.68%
EPS growth 5Y	31.33%
EPS growth quarters	2
EPS growth years	0
FCF growth	-17.1%
FCF growth (Q)	-23.23%
FCF growth (QoQ)	-18.91%
FCF growth 3Y	24.12%
FCF growth 5Y	19.36%
Gross profit growth	28.39%
Gross profit growth (Q)	47.83%
Gross profit growth 3Y	19.26%
Gross profit growth 5Y	25.63%
Net income growth	-51.96%
Net income growth (Q)	90.58%
Net income growth (QoQ)	33.16%
Net income growth 3Y	21%
Net income growth 5Y	32.14%
Net income growth quarters	2
Net income growth years	0
OCF growth	-7.96%
OCF growth (Q)	-4.1%
OCF growth (QoQ)	-8.93%
OCF growth 10Y	24.73%
OCF growth 3Y	33.84%
OCF growth 5Y	19.96%
Operating income growth	42.27%
Operating income growth (Q)	84.45%
Operating income growth 3Y	21.41%
Operating income growth 5Y	34.54%
Revenue growth	28.67%
Revenue growth (Q)	47.56%
Revenue growth (QoQ)	21.94%
Revenue growth 10Y	24.81%
Revenue growth 3Y	21%
Revenue growth 5Y	25.77%
Revenue growth quarters	10
Revenue growth years	14

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-236.8M
Depreciation and amortization	$60.1M
EBIT	$940.2M
EBITDA	$1B
EPS	$16.39
FCF per share	$11.91
Financing cash flow	$-329.1M
Free cash flow	$585.5M
Free cash flow minus SBC	$376.7M
Gross profit	$1.8B
Income taxes	$182.3M
Investing cash flow	$-280.8M
Net cash flow	$218.3M
Net income	$801.9M
Operating cash flow minus SBC	$613.5M
Operating income	$940.2M
Revenue	$3.3B
Stock-based compensation	$208.9M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	42.76
Book value per share	$79.27
Debt / EBITDA	0.02
Debt / equity	0
Debt / FCF	0.03
Goodwill	$25.9M
Long-term assets	$2.2B
Long-term liabilities	$292.8M
Net cash (debt)	$1.4B
Net cash / market cap	2.36%
Net cash growth	23.86%
Net debt / EBITDA	-1.39
Net debt / equity	-0.36
Net debt / FCF	-2.38
Piotroski F-Score	4
Property, plant and equipment	$798.4M
Shareholders' equity	$3.9B
Tangible book value	$3.9B
Tangible book value per share	$78.57
Total assets	$4.7B
Total cash	$1.4B
Total debt	$18.9M
Total liabilities	$790.8M
WACC	13.49%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.76
Current assets	$2.5B
Current liabilities	$497.9M
Current ratio	4.98
Inventory turnover	2.51
Net working capital	$565.7M
Quick ratio	3.53
Working capital	$2B
Working capital turnover	1.86

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	-1.15%
Dividend growth	27.49%
Dividend growth (10Y)	25.18%
Dividend growth (3Y)	26.33%
Dividend growth (5Y)	26.87%
Dividend growth years	8
Dividend payment date	2026-10-15
Dividend payment years	13
Dividend payout frequency	Quarterly
Dividend per share	$8.00
Dividend yield	0.66%
Ex-dividend date	2026-09-30
FCF payout ratio	63.45%
Last dividend	$2.00
Payout ratio	46.12%
Shareholder yield	-0.48%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	1,423.17%
10Y return CAGR	32.37%
10Y total return	1,551.16%
150-day SMA	$1,380.68
15Y price change	9,338.9%
15Y return CAGR	36.87%
15Y total return	10,980.39%
1D price change	0.01%
1M price change	-11.99%
1M total return	-11.86%
1W price change	-3.63%
1W total return	-3.63%
1Y price change	8.91%
1Y return CAGR	9.64%
1Y total return	9.64%
20-day SMA	$1,297.74
200-day SMA	$1,313.98
20Y price change	10,212.43%
20Y return CAGR	27.1%
20Y total return	12,005.82%
3M price change	-10.13%
3M total return	-10%
3Y price change	196.47%
3Y return CAGR	44.69%
3Y total return	202.97%
50-day SMA	$1,278.55
50-day SMA vs 200-day SMA	50under200
52-week high	$1,714.09
52-week high date	2026-05-26
52-week low	$833.18
52-week low date	2025-11-21
5Y price change	129.23%
5Y return CAGR	18.92%
5Y total return	137.78%
6M price change	-24.19%
6M total return	-23.97%
After-hours change	0.24%
After-hours close	$1,212.07
After-hours price	$1,215.00
All-time high	$1,714.09
All-time high date	2026-05-26
All-time low	$5.85
All-time low date	2005-05-12
Average true range (ATR)	$57.47
Average volume	740.1K
Beta (1Y)	2.19
Beta (2Y)	2
Beta (5Y)	1.68
Change from 52-week high	-29.29%
Change from 52-week low	45.48%
Change from all-time high	-29.79%
Change from all-time low	20,471.97%
Change from open	-0.11%
Day's gap	0.12%
Dollar volume	$540.3M
High price	$1,217.29
Low price	$1,192.10
Monthly RSI	56.17
Open price	$1,213.35
Position in 52-week range	79.28%
Premarket change	0.67%
Premarket close	$1,211.89
Premarket price	$1,219.99
Premarket volume	45.7K
Previous close	$1,211.89
Price vs 150-day SMA	-12.84%
Price vs 20-day SMA	-7.26%
Price vs 200-day SMA	-8.41%
Price vs 50-day SMA	-5.87%
Relative volume	0.6
RSI	42.96
Sharpe ratio	0.37
Sharpe ratio (3Y)	0.86
Sharpe ratio (5Y)	0.53
Sortino ratio	0.63
Sortino ratio (3Y)	1.38
Sortino ratio (5Y)	0.9
Volume	445.7K
Weekly RSI	45.18
YTD price change	32.78%
YTD total return	33.45%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	47.4M
Float percentage	96.43%
Shares change (QoQ)	0.04%
Shares change (YoY)	1.15%
Shares held by insiders	3.47%
Shares held by institutions	98.68%
Shares outstanding	49.1M
Short % of float	3.92%
Short % of shares	3.78%
Short ratio	2.6 days

Other indicators

Additional ticker metrics that do not fit the primary research groupings.

Metric	Value
Page views	179

Deeper analysis on MPWR

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this MPWR report

What is the latest published MPWR stock rating?

Monolithic Power Systems, Inc. is shown with Sell in the latest published report, analyzed 2026-10-20. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full MPWR analysis?

The full latest published report, analyzed 2026-10-20, lives at /stocks/MPWR/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for MPWR?

The latest published report analyzed 2026-10-20 gives MPWR a fair value of USD 764 and a potential value of USD 1,099. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the MPWR page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-10-20). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

SellMPWR · Fair value $764-39.1%

Read full analysis →

Monolithic Power Systems, Inc. (MPWR)

Our latest published analysis: MPWR rated Sell

Price

Financial snapshot

Fair-value bridge

Latest news · MPWR

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All MPWR indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Other indicators

Deeper analysis on MPWR

Frequently asked questions

등급 이력

Category	Score	Reading
Valuation	1.5
Management	8.5
Balance Sheet	8.5
Profitability	6.5
Revenue Growth	9.0
Risk Assessment	7.0
Competitive Moat	9.0
Earnings Quality	9.0
Capital Efficiency	7.5