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Monolithic Power Systems, Inc. engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications. It offers lighting control ICs for backlighting that are used in systems, which provide the light source for LCD panels in computers and notebooks, monitors, car navigation systems, and televisions, as well as for general illumination products. The company sells its products through third-party distributors, value-added resellers, directly to original equipment manufacturers, original design manufacturers, electronic manufacturing service providers, and other end customers. It serves China, Taiwan, South Korea, Europe, Japan, Southeast Asia, the United States, and internationally. Monolithic Power Systems, Inc. was incorporated in 1997 and is headquartered in Kirkland, Washington.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Monolithic Power Systems is a fabless semiconductor designer of high-efficiency power management integrated circuits serving data center, communications, industrial, automotive and consumer markets. Long-term growth could be driven by rising power-density and efficiency demands from AI/data centers, automotive electrification and 5G, and the company appears positioned in a high-margin niche with a diversified product portfolio.
Material risks include semiconductor cyclicality, competition from larger analog and power-solution vendors, reliance on third-party foundries and supply-chain constraints, and geopolitical or customer-concentration exposures.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | 524.94M | 272.22M | 169.34M | 113.12M | 118.48M |
| Net income | 437.67M | 242.02M | 164.38M | 108.84M | 105.27M |
| Selling general administrative | 273.60M | 226.19M | 161.67M | 133.54M | 113.80M |
| Gross profit | 1048.55M | 685.46M | 465.95M | 346.32M | 322.67M |
| Reconciled depreciation | 37.11M | 28.70M | 19.19M | 14.87M | 12.31M |
| Ebit | 526.78M | 262.42M | 158.88M | 102.56M | 105.02M |
| Ebitda | 542.79M | 274.87M | 174.49M | 107.49M | 117.33M |
| Depreciation and amortization | 16.00M | 12.45M | 15.61M | 4.93M | 12.31M |
| Non operating income net other | -1.85M | 9.80M | 10.46M | 10.56M | 4.99M |
| Operating income | 526.78M | 262.42M | 158.88M | 102.56M | 113.49M |
| Other operating expenses | 1259.36M | 939.16M | 677.77M | 522.89M | 466.97M |
| Interest expense | 14.37M | 26.05M | 14.04M | 20.50M | 0.00M |
| Tax provision | 87.27M | 30.20M | 4.97M | 4.28M | 13.21M |
| Interest income | 14.37M | 11.64M | 9.33M | 7.30M | 6.32M |
| Net interest income | 14.37M | 11.64M | 9.33M | 7.30M | 6.32M |
| Extraordinary items | - | - | - | -2.00M | -1.30M |
| Non recurring | 8.00M | 6.22M | - | - | - |
| Income tax expense | 87.27M | 30.20M | 4.97M | 4.28M | 13.21M |
| Total revenue | 1794.15M | 1207.80M | 844.45M | 627.92M | 582.38M |
| Total operating expenses | 513.77M | 416.82M | 299.27M | 241.30M | 207.26M |
| Cost of revenue | 745.60M | 522.34M | 378.50M | 281.60M | 259.71M |
| Total other income expense net | -1.85M | 9.80M | 10.46M | 10.56M | 3.07M |
| Net income from continuing ops | 437.67M | 242.02M | 164.38M | 108.84M | 105.27M |
| Net income applicable to common shares | 437.67M | 242.02M | 164.38M | 108.84M | 105.27M |
| Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 2443.21M | 2058.89M | 1585.83M | 1208.49M | 956.38M |
| Other current assets | 44.12M | 42.74M | 35.54M | 22.98M | 19.61M |
| Total liab | 393.27M | 390.28M | 341.84M | 241.90M | 182.88M |
| Total stockholder equity | 2049.94M | 1668.60M | 1243.98M | 966.59M | 773.49M |
| Other current liab | 104.01M | 201.94M | 139.62M | 100.16M | 66.29M |
| Common stock | 1129.94M | 975.28M | 803.23M | 657.70M | 549.52M |
| Capital stock | 1129.94M | 975.28M | 803.23M | 657.70M | 549.52M |
| Retained earnings | 947.06M | 716.40M | 424.88M | 298.75M | 229.45M |
| Other liab | - | 125.22M | 114.90M | 94.94M | 83.56M |
| Good will | 6.57M | 6.57M | 6.57M | 6.57M | 6.57M |
| Other assets | 0.00M | 273.14M | 91.44M | 101.37M | 60.28M |
| Cash | 561.05M | 288.61M | 189.26M | 334.94M | 172.96M |
| Total current liabilities | 235.03M | 263.40M | 226.94M | 146.97M | 98.22M |
| Current deferred revenue | 65.76M | - | 4.30M | 7.24M | 3.41M |
| Net debt | -553.18M | -288.61M | -189.26M | -331.85M | -170.60M |
| Short term debt | 2.30M | - | - | 1.41M | 1.25M |
| Short long term debt total | 7.87M | - | - | 3.10M | 2.36M |
| Other stockholder equity | -0.00M | -23.08M | 15.88M | 10.14M | -0.48M |
| Property plant equipment | - | 357.16M | 362.96M | 281.53M | 228.31M |
| Total current assets | 1819.50M | 1410.62M | 1124.85M | 842.00M | 655.21M |
| Long term investments | - | - | - | 6.26M | 3.14M |
| Net tangible assets | - | 1662.03M | 1243.98M | 966.59M | 766.92M |
| Short term investments | 580.63M | 449.27M | 535.82M | 260.17M | 282.44M |
| Net receivables | 250.00M | 182.71M | 104.81M | 66.84M | 52.70M |
| Inventory | 383.70M | 447.29M | 259.42M | 157.06M | 127.50M |
| Accounts payable | 62.96M | 61.46M | 83.03M | 38.17M | 27.27M |
| Accumulated other comprehensive income | -27.06M | -23.08M | 15.88M | 10.14M | -5.48M |
| Common stock total equity | - | 975.28M | 803.23M | 657.70M | 549.52M |
| Retained earnings total equity | - | 716.40M | 424.88M | 298.75M | 229.45M |
| Non currrent assets other | 202.22M | 249.29M | 69.52M | 53.58M | 45.95M |
| Non current assets total | 623.71M | 648.27M | 460.97M | 366.49M | 301.17M |
| Capital lease obligations | 5.57M | - | - | 3.10M | 2.36M |
| Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Investments | -262.87M | 62.83M | -281.13M | 19.13M | -76.51M |
| Change to liabilities | - | 56.30M | 83.97M | 49.63M | 16.64M |
| Total cashflows from investing activities | - | -12.51M | -378.89M | -39.18M | -167.11M |
| Total cash from financing activities | -183.72M | -128.78M | -90.21M | -71.56M | -48.05M |
| Change to operating activities | - | -126.30M | 23.96M | 35.47M | 4.74M |
| Net income | 427.37M | 437.67M | 242.02M | 164.38M | 108.84M |
| Change in cash | 272.44M | 99.34M | -145.68M | 162.00M | 0.26M |
| Begin period cash flow | 288.61M | 189.39M | 335.07M | 173.08M | 172.82M |
| End period cash flow | 561.05M | 288.73M | 189.39M | 335.07M | 173.08M |
| Total cash from operating activities | 638.21M | 246.67M | 320.01M | 267.80M | 216.30M |
| Depreciation | 40.17M | 37.11M | 28.70M | 19.19M | 14.87M |
| Other cashflows from investing activities | - | -16.49M | -3.31M | -2.67M | 5.21M |
| Dividends paid | 185.84M | 137.97M | 109.36M | 88.79M | 67.29M |
| Change to inventory | 63.58M | -188.07M | -102.32M | -29.50M | 8.87M |
| Change to account receivables | 2.88M | -77.90M | -37.98M | -14.12M | 2.51M |
| Sale purchase of stock | -3.74M | 5.88M | 4.67M | 3.82M | 3.28M |
| Other cashflows from financing activities | 5.86M | -2.06M | 19.16M | 17.23M | 19.24M |
| Change to netincome | - | 147.87M | 120.82M | 82.85M | 77.86M |
| Capital expenditures | 57.58M | 58.84M | 95.24M | 55.64M | 96.79M |
| Change receivables | - | -77.90M | -37.98M | -14.12M | 2.51M |
| Cash flows other operating | - | -170.68M | -19.87M | -7.59M | -14.01M |
| Cash and cash equivalents changes | - | 105.38M | -149.08M | 157.07M | 0.26M |
| Change in working capital | 30.32M | -386.96M | -71.64M | 3.00M | 17.81M |
| Stock based compensation | 149.71M | 160.99M | 123.48M | 85.55M | 78.70M |
| Other non cash items | -15.23M | 11.07M | 0.22M | -2.69M | -3.34M |
| Free cash flow | 580.63M | 187.83M | 224.77M | 212.16M | 119.52M |
Sector: Technology Industry: Semiconductors
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| MPWR Monolithic Power Systems Inc |
63.57 5.62% |
1195.00 | 90.10 | 52.36 | 17.59 | 15.62 | 16.98 | 59.26 |
| NVDA NVIDIA Corporation |
5.40 2.97% |
187.00 | 26.82 | 23.26 | 16.91 | 22.25 | 16.73 | 21.68 |
| AVGO Broadcom Inc |
2.16 0.74% |
293.69 | 78.55 | 35.84 | 27.93 | 23.69 | 28.47 | 52.08 |
| SKHY SK Hynix Inc. American Depositary Shares |
3.45 2.78% |
127.35 | 10.38 | 4.93 | 0.01 | 6.38 | 6.01 | 5.12 |
| TSM Taiwan Semiconductor Manufacturing |
22.34 6.33% |
375.44 | 19.45 | 15.92 | 0.24 | 4.85 | 0.22 | 0.30 |
Monolithic Power Systems, Inc. engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications. It offers lighting control ICs for backlighting that are used in systems, which provide the light source for LCD panels in computers and notebooks, monitors, car navigation systems, and televisions, as well as for general illumination products. The company sells its products through third-party distributors, value-added resellers, directly to original equipment manufacturers, original design manufacturers, electronic manufacturing service providers, and other end customers. It serves China, Taiwan, South Korea, Europe, Japan, Southeast Asia, the United States, and internationally. Monolithic Power Systems, Inc. was incorporated in 1997 and is headquartered in Kirkland, Washington.
5808 Lake Washington Boulevard NE, Kirkland, WA, United States, 98033
425 296 9956
3564
| Name | Title | Year Born |
|---|---|---|
| Mr. Michael R. Hsing | Founder, Chairman, Pres & CEO | 1960 |
| Mr. T. Bernie Blegen | VP & CFO | 1958 |
| Ms. Saria Tseng | VP of Strategic Corp. Devel., Gen. Counsel & Corp. Sec. | 1971 |
| Mr. Maurice Sciammas | Sr. VP of Worldwide Sales & Marketing | 1960 |
| Mr. Deming Xiao | Pres of Asia Operations | 1963 |
| Ms. Meera P. Rao | Advisor | 1961 |
| Ms. Genevieve Cunningham | Supervisor of Marketing Communications | NA |
| Mr. Michael R. Hsing | Founder, Chairman, President & CEO | 1960 |
| Mr. Theodore Bernie Blegen | Executive VP & CFO | 1958 |
| Ms. Saria Tseng | EVP of Strategic Corporate Development, General Counsel & Corporate Secretary | 1971 |
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