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Technology Stocks : Semi Equipment Analysis
SOXX 312.76+1.1%Dec 8 4:00 PM EST
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To: Elroy who wrote (87029)6/24/2021 9:54:21 PM
From: The Ox1 Recommendation

Recommended By
Sr K

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On a very simplistic level, EPS growth for MRVL is projected to be 32% next year over this year. SIMO's EPS growth is expected to be 13% yoy. So yes, SIMO is not getting anywhere near the multiple that MRVL is seeing. 13 x 5.57eps give SIMO a $71 price target for over 1 year from now.

That's based on current views and it should be noted that SIMO has high end EPS target that would blow away that 13% growth estimates. Were SIMO to achieve their current year's EPS and then reach next year's high end number, that would be 40% growth and a $6.91eps estimate giving SIMO a potential target of $275/share. Assuming they can generate enough growth to justify another year of 40% eps growth in 2023....

How's that? Does it cheer you up any?
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