Stock Analysis on Net

Monolithic Power Systems Inc. (NASDAQ:MPWR)

This company has been moved to the archive! The financial data has not been updated since May 5, 2023.

Enterprise Value to EBITDA (EV/EBITDA) 

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Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)

Monolithic Power Systems Inc., EBITDA calculation

US$ in thousands

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12 months ended: Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Net income 437,672 242,023 164,375 108,839 105,268
Add: Income tax expense 87,265 30,196 4,967 4,281 13,214
Earnings before tax (EBT) 524,937 272,219 169,342 113,120 118,482
Add: Interest expense
Earnings before interest and tax (EBIT) 524,937 272,219 169,342 113,120 118,482
Add: Depreciation and amortization 37,114 28,699 19,186 14,867 12,311
Earnings before interest, tax, depreciation and amortization (EBITDA) 562,051 300,918 188,528 127,987 130,793

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

Item Description The company
EBITDA To calculate EBITDA analysts start with net earnings. To that earnings number, interest, taxes, depreciation, and amortization are added. EBITDA as a pre-interest number is a flow to all providers of capital. Monolithic Power Systems Inc. EBITDA increased from 2020 to 2021 and from 2021 to 2022.

Enterprise Value to EBITDA Ratio, Current

Monolithic Power Systems Inc., current EV/EBITDA calculation, comparison to benchmarks

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Selected Financial Data (US$ in thousands)
Enterprise value (EV) 18,765,784
Earnings before interest, tax, depreciation and amortization (EBITDA) 562,051
Valuation Ratio
EV/EBITDA 33.39
Benchmarks
EV/EBITDA, Competitors1
Advanced Micro Devices Inc. 64.55
Analog Devices Inc. 18.19
Applied Materials Inc. 20.66
Broadcom Inc. 32.68
Intel Corp. 14.60
KLA Corp. 22.95
Lam Research Corp. 21.09
Micron Technology Inc. 57.27
NVIDIA Corp. 64.52
ON Semiconductor Corp. 10.05
Qualcomm Inc. 22.16
Texas Instruments Inc. 20.00
EV/EBITDA, Sector
Semiconductors & Semiconductor Equipment 34.63
EV/EBITDA, Industry
Information Technology 29.44

Based on: 10-K (reporting date: 2022-12-31).

1 Click competitor name to see calculations.

If the company EV/EBITDA is lower then the EV/EBITDA of benchmark then company is relatively undervalued.
Otherwise, if the company EV/EBITDA is higher then the EV/EBITDA of benchmark then company is relatively overvalued.


Enterprise Value to EBITDA Ratio, Historical

Monolithic Power Systems Inc., historical EV/EBITDA calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Enterprise value (EV)1 22,113,280 20,736,031 17,153,737 6,620,264 5,467,020
Earnings before interest, tax, depreciation and amortization (EBITDA)2 562,051 300,918 188,528 127,987 130,793
Valuation Ratio
EV/EBITDA3 39.34 68.91 90.99 51.73 41.80
Benchmarks
EV/EBITDA, Competitors4
Advanced Micro Devices Inc. 22.63 34.19 62.10 82.59
Analog Devices Inc. 16.23 38.55 23.61 18.67 14.37
Applied Materials Inc. 11.04 17.54 16.82 14.60 6.24
Broadcom Inc. 13.54 19.72 18.89 16.32 12.21
Intel Corp. 6.20 6.02 6.40 8.73
KLA Corp. 14.97 19.26 18.10 14.14 10.91
Lam Research Corp. 11.34 16.67 17.76 10.07 7.08
Micron Technology Inc. 3.26 6.05 6.46 3.90 2.41
NVIDIA Corp. 57.59 58.96 52.90 21.10
ON Semiconductor Corp. 11.65 14.40 20.27 11.13
Qualcomm Inc. 7.84 12.76 19.49 10.55 28.47
Texas Instruments Inc. 14.69 15.54 21.75 17.73
EV/EBITDA, Sector
Semiconductors & Semiconductor Equipment 14.44 15.49 14.76 11.56
EV/EBITDA, Industry
Information Technology 18.28 20.37 19.53 14.42

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 See details »

2 See details »

3 2022 Calculation
EV/EBITDA = EV ÷ EBITDA
= 22,113,280 ÷ 562,051 = 39.34

4 Click competitor name to see calculations.

Valuation ratio Description The company
EV/EBITDA Enterprise value to earnings before interest, tax, depreciation and amortization is a valuation indicator for the overall company rather than common stock. Monolithic Power Systems Inc. EV/EBITDA ratio decreased from 2020 to 2021 and from 2021 to 2022.