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Smart Global Holdings Inc Stock Research

SGH

17.24USD+0.61(+3.67%)Delayed

Market Summary

USD17.24+0.61
Delayed
3.67%

SGH Stock Price

SGH RSI Chart

SGH Valuation

Market Cap

850.6M

Price/Earnings (Trailing)

16.35

Price/Sales (Trailing)

0.47

EV/EBITDA

4.57

Price/Free Cashflow

-40.05

SGH Price/Sales (Trailing)

SGH Profitability

EBT Margin

3.87%

Return on Equity

14.78%

Return on Assets

2.88%

Free Cashflow Yield

-2.5%

SGH Fundamentals

SGH Revenue

Revenue (TTM)

1.8B

Revenue Y/Y

-0.95%

Revenue Q/Q

6.35%

SGH Earnings

Earnings (TTM)

52.0M

Earnings Y/Y

-75.07%

Earnings Q/Q

-74.99%

Price Action

52 Week Range

12.0426.16
(Low)(High)

Last 7 days

8.2%

Last 30 days

2.3%

Last 90 days

15.9%

Trailing 12 Months

-33.3%

SGH Financial Health

Current Ratio

2.03

Debt/Equity

1.26

Debt/Cashflow

0.27

SGH Investor Care

Shares Dilution (1Y)

0.67%

Diluted EPS (TTM)

0.96

Peers (Alternatives to Smart Global Holdings)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
685.0B
27.0B
22.38% 1.88%
156.82
25.39
0.22% -55.21%
267.5B
34.4B
8.86% 5.21%
23.27
7.77
20.74% 70.65%
169.8B
20.0B
8.04% 3.56%
19.41
8.48
9.18% 12.61%
158.0B
23.6B
25.19% -10.36%
119.69
6.69
43.61% -58.25%
135.2B
63.1B
28.98% -31.15%
16.86
2.14
-20.21% -59.66%
23.2B
2.6B
11.15% 159.73%
-525.01
8.85
-10.40% -109.42%
13.1B
660.4M
11.60% 56.69%
73.19
19.83
28.14% 86.49%
MID-CAP
6.4B
7.1B
-0.57% 19.80%
8.33
0.9
15.53% 19.10%
4.8B
651.1M
1.05% -8.68%
28.22
7.4
-7.41% 3.92%
SMALL-CAP
944.9M
1.3B
-0.40% -8.09%
12.98
0.74
16.70% 2.69%
850.6M
1.8B
2.31% -33.26%
16.35
0.47
8.07% 32.37%
742.9M
794.4M
1.24% -50.69%
9.39
0.94
9.29% -82.10%
706.4M
134.6M
-4.52% -25.14%
-30.47
5.25
9.73% -5954.29%
406.7M
337.7M
-1.49% -45.12%
-50.61
1.2
-28.80% -114.17%

Financials for Smart Global Holdings

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue-0.2%1,8151,8191,8491,8251,679
Gross Profit-0.8%449453467437378
Operating Expenses4.0%352339349351296
  S&GA Expenses8.4%239220218207186
  R&D Expenses8.3%84.0077.0073.0070.0060.00
EBITDA-13.0%115132130--
EBITDA Margin-12.8%0.06*0.07*0.07*--
Earnings Before Taxes-20.6%70.0089.0097.0065.0061.00
EBT Margin-20.4%0.04*0.05*0.05*--
Interest Expenses-13.8%-24.10-21.17-19.71-19.65-19.55
Net Income-21.8%52.0067.0068.0036.0039.00
Net Income Margin-21.6%0.03*0.04*0.04*--
Free Cahsflow-131.8%-21.2467.0095.00--
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets15.0%1,8081,5721,5541,5091,324
  Current Assets-2.6%1,1221,1521,1681,132944
    Cash Equivalents-10.5%325363387366233
  Inventory28.8%416323365334318
  Net PPE7.2%165154159149149
  Goodwill169.8%20074.0075.0073.0072.00
Liabilities21.3%1,4481,1941,1551,154991
  Current Liabilities7.0%552516525534535
  Long Term Debt0.7%494490377--
    LT Debt, Current136.5%28.0012.009.006.0036.00
    LT Debt, Non Current34.8%797591485484341
Shareholder's Equity-5.2%352372393355332
  Retained Earnings9.4%275251231207205
  Additional Paid-In Capital-8.1%412448438423412
Accumulated Depreciation11.8%160143130--
Shares Outstanding1.5%49.0049.0050.0050.0049.00
Minority Interest4.8%7.007.006.006.009.00
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-84.9%16.00105132145133
  Share Based Compensation1.6%41.0040.0039.0037.0033.00
Cashflow From Investing-539.6%-249-38.97-45.81-70.38-82.93
Cashflow From Financing337.9%32374.0011015116.00
  Buy Backs3.8%55.0053.0013.003.0048.00

Risks for SGH

What is the probability of a big loss on SGH?

100%


Probability that Smart Global Holdings stock will be more than 20% underwater in next one year

73.5%


Probability that Smart Global Holdings stock will be more than 30% underwater in next one year.

64.2%


Probability that Smart Global Holdings stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does SGH drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Smart Global Holdings was unfortunately bought at previous high price.

Drawdowns

Returns for SGH

Cumulative Returns on SGH

-7.1%


5-Year Cumulative Returns

12.4%


3-Year Cumulative Returns

What are the long-term rolling returns for SGH?

FIve years rolling returns for Smart Global Holdings.

Annualized Returns

Which funds bought or sold SGH recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-28.49
-207,316
421,684
-%
2023-03-06
Rockefeller Capital Management L.P.
unchanged
-
-
2,000
-%
2023-02-28
Voya Investment Management LLC
unchanged
-
-18,205
272,795
-%
2023-02-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
added
46.11
62,000
228,000
-%
2023-02-21
MACQUARIE GROUP LTD
sold off
-
-8,000
-
-%
2023-02-21
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO
reduced
-98.39
-1,970
30.00
-%
2023-02-15
NOMURA HOLDINGS INC
added
11.06
63,000
1,796,000
0.01%
2023-02-15
B. Riley Asset Management, LLC
sold off
-100
-1,499,000
-
-%
2023-02-15
State of Wyoming
new
-
83,477
83,477
0.03%
2023-02-15
JANE STREET GROUP, LLC
added
236
343,304
502,304
-%

1–10 of 43

Latest Funds Activity

Are funds buying SGH calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own SGH
No. of Funds

Smart Global Holdings News

Simply Wall St

Is It Time To Consider Buying SMART Global Holdings, Inc. (NASDAQ:SGH)?.

Simply Wall St,
3 hours ago

InvestorsObserver

Marketscreener.com

DirectorsTalk Interviews

Simply Wall St

Schedule 13G FIlings of Smart Global Holdings

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
ameriprise financial inc
12.56%
6,104,637
SC 13G/A
Feb 13, 2023
blackrock inc.
16.8%
8,255,798
SC 13G/A
Feb 09, 2023
vanguard group inc
9.57%
4,714,468
SC 13G/A
Feb 03, 2023
state street corp
5.30%
2,609,928
SC 13G/A
Jan 23, 2023
blackrock inc.
16.6%
8,128,978
SC 13G/A
Feb 14, 2022
ameriprise financial inc
11.77%
2,852,946
SC 13G/A
Feb 11, 2022
russell investments group, ltd.
0.27%
66,490
SC 13G/A
Feb 10, 2022
state street corp
5.43%
1,339,438
SC 13G
Feb 09, 2022
fmr llc
-
0
SC 13G/A
Feb 07, 2022
blackrock inc.
13.3%
3,279,602
SC 13G/A

SGH Fair Value

Smart Global Holdings fair value in different scenarios

The table shows the Fair Value estimates for Smart Global Holdings for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

12.54

-27.26%

18.66

8.24%

29.98

73.90%

41.97

143.45%

64.05

271.52%
Current Inflation

11.58

-32.83%

16.90

-1.97%

26.55

54.00%

36.66

112.65%

55.42

221.46%
Very High Inflation

10.39

-39.73%

14.78

-14.27%

22.51

30.57%

30.48

76.80%

45.47

163.75%

Historical Smart Global Holdings Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Smart Global Holdings

View All Filings
Date Filed Form Type Document
Feb 14, 2023
4
Insider Trading
Feb 14, 2023
4
Insider Trading
Feb 14, 2023
4
Insider Trading
Feb 14, 2023
4
Insider Trading
Feb 14, 2023
4
Insider Trading
Feb 14, 2023
SC 13G/A
Major Ownership Report
Feb 13, 2023
8-K
Current Report
Feb 13, 2023
SC 13G/A
Major Ownership Report
Feb 09, 2023
SC 13G/A
Major Ownership Report
Feb 03, 2023
SC 13G/A
Major Ownership Report

Latest Insider Trading transactions for SGH

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-02-10
Straub Maximiliane C
acquired
-
-
8,417
-
2023-02-10
Ingram Bryan
acquired
-
-
8,417
-
2023-02-10
FURR RANDY W
acquired
-
-
8,417
-
2023-02-10
NAYYAR SANDEEP
acquired
-
-
8,417
-
2023-02-10
HERSCHER PENNY
acquired
-
-
8,417
-
2023-02-02
HERSCHER PENNY
gifted
-
-
1,348
-
2023-02-02
HERSCHER PENNY
gifted
-
-
-1,348
-
2023-01-31
HERSCHER PENNY
sold
-15,003
16.67
-900
-
2023-01-20
Clark Joseph Gates
sold (taxes)
-40,622
16.54
-2,456
president, led solutions
2023-01-20
Rizvi Ken
sold (taxes)
-83,708
16.54
-5,061
svp and cfo

1–10 of 50

About Smart Global Holdings

Mark W. Adams
3930
SMART Global Holdings, Inc. designs and manufactures specialty solutions for the computing, memory, and LED markets in the United states, Brazil, China, Europe, and internationally. It operates through Memory Solutions, Intelligent Platforms Solutions, and LED Solutions segments. The company offers dynamic random access memory modules for desktops, notebooks, servers, and smartphones; embedded and removable flash memory products; and flash component products. It also provides supply chain services, including procurement, logistics, inventory management, temporary warehousing, programming, kitting, and packaging. In addition, the company offers Penguin Computing solutions to customers in financial services, energy, government, social media, and education end markets; Penguin Edge solutions to government, telecommunications, health care, smart city, network edge, and industrial applications; and hardware and software products, including solutions based on the Open Compute Project. Further, it provides servers, software, integrated turn-key clusters, enterprise-grade storage, and networking in hardware or cloud-based solutions through Penguin-On-Demand; Open Compute Tundra Extreme Scale products; turn-key storage solutions; and rackmount servers and GPU accelerated computing platforms. Additionally, the company's LED Solutions offers application-optimized LEDs for lighting, video screens, and specialty lighting applications under the CreeLED brand. It sells its products directly to original equipment manufacturers, enterprise, government and other end customers through direct sales force, e-commerce, customer service representatives, on-site field application engineers, independent sales representatives, distributors, integrators, and resellers. The company was formerly known as Saleen Holdings, Inc. and changed its name to SMART Global Holdings, Inc. in August 2014. SMART Global Holdings, Inc. was founded in 1988 and is headquartered in Newark, California.

SGH Income Statement

2022-11-25
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Nov. 25, 2022
Nov. 26, 2021
Total net sales$ 465,478$ 469,944
Total cost of sales347,068347,743
Gross profit118,410122,201
Operating expenses:  
Research and development24,05617,657
Selling, general and administrative71,02252,550
Change in fair value of contingent consideration3,70017,200
Other operating (income) expense2,0410
Total operating expenses100,81987,407
Operating income17,59134,794
Non-operating (income) expense:  
Interest expense, net8,0375,106
Other non-operating (income) expense(660)1,235
Total non-operating (income) expense7,3776,341
Income before taxes10,21428,453
Income tax provision4,8907,755
Net income5,32420,698
Net income attributable to noncontrolling interest332671
Net income attributable to SGH$ 4,992$ 20,027
Earnings per share:  
Basic (in usd per share)$ 0.10$ 0.41
Diluted (in usd per share)$ 0.10$ 0.37
Shares used in per share calculations:  
Basic (in shares)48,96249,011
Diluted (in shares)49,79154,635
Products  
Total net sales$ 390,189$ 436,684
Total cost of sales318,660335,424
Services  
Total net sales75,28933,260
Total cost of sales$ 28,408$ 12,319

SGH Balance Sheet

2022-11-25
Consolidated Balance Sheets - USD ($)
$ in Thousands
Nov. 25, 2022
Aug. 26, 2022
Assets  
Cash and cash equivalents$ 324,821$ 363,065
Accounts receivable, net306,323410,323
Inventories416,082323,084
Other current assets74,68555,393
Total current assets1,121,9111,151,865
Property and equipment, net165,033153,935
Operating lease right-of-use assets83,01877,399
Intangible assets, net193,33777,812
Goodwill199,69174,009
Other noncurrent assets44,67037,044
Total assets1,807,6601,572,064
Liabilities and Equity  
Accounts payable and accrued expenses389,151413,354
Current debt28,43512,025
Acquisition-related contingent consideration24,5000
Other current liabilities109,72190,161
Total current liabilities551,807515,540
Long-term debt796,985591,389
Noncurrent operating lease liabilities76,95071,754
Other noncurrent liabilities22,53114,835
Total liabilities1,448,2731,193,518
Commitments and contingencies
SMART Global Holdings shareholders’ equity:  
Ordinary shares, $0.03 par value; authorized 200,000 shares; 53,940 shares issued and 49,339 outstanding as of November 25, 2022; 52,880 shares issued and 48,604 outstanding as of August 26, 20221,6181,586
Additional paid-in capital411,612448,112
Retained earnings274,975251,344
Treasury shares, 4,601 and 4,276 shares held as of November 25, 2022 and August 26, 2022, respectively(112,435)(107,776)
Accumulated other comprehensive income (loss)(223,650)(221,655)
Total SGH shareholders’ equity352,120371,611
Noncontrolling interest in subsidiary7,2676,935
Total equity359,387378,546
Total liabilities and equity$ 1,807,660$ 1,572,064