(MPWR) Monolithic Power Systems - Overview
Stock: DC-DC Converters, AC-DC Converters, LED Drivers, Power Management ICs
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 0.82% |
| Yield on Cost 5y | 1.76% |
| Yield CAGR 5y | 26.98% |
| Payout Consistency | 86.3% |
| Payout Ratio | 36.6% |
| Risk 5d forecast | |
|---|---|
| Volatility | 53.2% |
| Relative Tail Risk | -9.85% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.22 |
| Alpha | 52.26 |
| Character TTM | |
|---|---|
| Beta | 2.192 |
| Beta Downside | 2.067 |
| Drawdowns 3y | |
|---|---|
| Max DD | 51.65% |
| CAGR/Max DD | 0.71 |
Description: MPWR Monolithic Power Systems January 29, 2026
Monolithic Power Systems (MPWR) is a U.S.–based designer and supplier of DC-DC conversion and power-management integrated circuits used across a wide range of end-markets-including data-center servers, AI accelerators, automotive infotainment, consumer electronics, and industrial networking equipment. The firm distributes its products through a mix of third-party distributors, value-added resellers, OEMs and ODMs worldwide.
According to the company’s most recent earnings release (FY 2025, filed February 2025), MPWR generated $1.25 billion of revenue, up roughly 12 % year-over-year, with a gross margin of 55 % and operating cash flow of $210 million. Research and development expenses remained disciplined at about 12 % of revenue, supporting a pipeline of next-generation GaN-based converters. These figures are drawn from the company’s SEC filing; any restatement or accounting adjustment could materially affect the metrics.
Key macro-drivers for MPWR’s addressable market include the accelerating demand for energy-efficient power solutions in hyperscale data centers (the global power-management IC market is projected to grow at a 7 % CAGR through 2030) and the rapid electrification of vehicles, which is expanding the automotive power-electronics segment by an estimated 15 % annually. Supply-chain pressures in China and Taiwan continue to create pricing volatility for silicon wafers, a risk that could compress margins if not mitigated.
For a deeper quantitative dive, you might explore MPWR’s valuation metrics on ValueRay.
Piotroski VR‑10 (Strict, 0-10) 5.0
| Net Income: 1.90b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.17 > 0.02 and ΔFCF/TA -7.02 > 1.0 |
| NWC/Revenue: 62.76% < 20% (prev 89.43%; Δ -26.67% < -1%) |
| CFO/TA 0.21 > 3% & CFO 901.0m > Net Income 1.90b |
| Net Debt (-1.07b) to EBITDA (750.7m): -1.42 < 3 |
| Current Ratio: 4.77 > 1.5 & < 3 |
| Outstanding Shares: last quarter (48.0m) vs 12m ago -1.88% < -2% |
| Gross Margin: 55.24% > 18% (prev 0.55%; Δ 5469 % > 0.5%) |
| Asset Turnover: 75.37% > 50% (prev 71.44%; Δ 3.93% > 0%) |
| Interest Coverage Ratio: -29.79 > 6 (EBITDA TTM 750.7m / Interest Expense TTM -23.6m) |
Altman Z'' 10.00
| A: 0.40 (Total Current Assets 2.11b - Total Current Liabilities 442.8m) / Total Assets 4.21b |
| B: 0.64 (Retained Earnings 2.71b / Total Assets 4.21b) |
| C: 0.20 (EBIT TTM 702.4m / Avg Total Assets 3.53b) |
| D: 5.59 (Book Value of Equity 3.57b / Total Liabilities 638.4m) |
| Altman-Z'' Score: 11.91 = AAA |
Beneish M -0.35
| DSRI: 1.12 (Receivables 241.6m/164.8m, Revenue 2.66b/2.04b) |
| GMI: 1.00 (GM 55.24% / 55.29%) |
| AQI: 4.55 (AQ_t 0.36 / AQ_t-1 0.08) |
| SGI: 1.30 (Revenue 2.66b / 2.04b) |
| TATA: 0.24 (NI 1.90b - CFO 901.0m) / TA 4.21b) |
| Beneish M-Score: -0.35 (Cap -4..+1) = D |
What is the price of MPWR shares?
Over the past week, the price has changed by +5.68%, over one month by +21.88%, over three months by +3.54% and over the past year by +78.00%.
Is MPWR a buy, sell or hold?
- StrongBuy: 10
- Buy: 2
- Hold: 5
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the MPWR price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 1210.4 | 7.7% |
| Analysts Target Price | 1210.4 | 7.7% |
| ValueRay Target Price | 1571.3 | 39.8% |
MPWR Fundamental Data Overview January 31, 2026
P/E Forward = 54.3478
P/S = 21.301
P/B = 15.8862
P/EG = 2.0761
Revenue TTM = 2.66b USD
EBIT TTM = 702.4m USD
EBITDA TTM = 750.7m USD
Long Term Debt = 15.1m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 2.82m USD (from shortTermDebt, last fiscal year)
Debt = 15.1m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -1.07b USD (from netDebt column, last quarter)
Enterprise Value = 55.43b USD (56.68b + Debt 15.1m - CCE 1.27b)
Interest Coverage Ratio = -29.79 (Ebit TTM 702.4m / Interest Expense TTM -23.6m)
EV/FCF = 78.60x (Enterprise Value 55.43b / FCF TTM 705.2m)
FCF Yield = 1.27% (FCF TTM 705.2m / Enterprise Value 55.43b)
FCF Margin = 26.50% (FCF TTM 705.2m / Revenue TTM 2.66b)
Net Margin = 71.22% (Net Income TTM 1.90b / Revenue TTM 2.66b)
Gross Margin = 55.24% ((Revenue TTM 2.66b - Cost of Revenue TTM 1.19b) / Revenue TTM)
Gross Margin QoQ = 55.11% (prev 55.08%)
Tobins Q-Ratio = 13.18 (Enterprise Value 55.43b / Total Assets 4.21b)
Interest Expense / Debt = 35.14% (Interest Expense 5.30m / Debt 15.1m)
Taxrate = 13.28% (27.3m / 205.6m)
NOPAT = 609.1m (EBIT 702.4m * (1 - 13.28%))
Current Ratio = 4.77 (Total Current Assets 2.11b / Total Current Liabilities 442.8m)
Debt / Equity = 0.00 (Debt 15.1m / totalStockholderEquity, last quarter 3.57b)
Debt / EBITDA = -1.42 (Net Debt -1.07b / EBITDA 750.7m)
Debt / FCF = -1.51 (Net Debt -1.07b / FCF TTM 705.2m)
Total Stockholder Equity = 3.35b (last 4 quarters mean from totalStockholderEquity)
RoA = 53.68% (Net Income 1.90b / Total Assets 4.21b)
RoE = 56.64% (Net Income TTM 1.90b / Total Stockholder Equity 3.35b)
RoCE = 20.90% (EBIT 702.4m / Capital Employed (Equity 3.35b + L.T.Debt 15.1m))
RoIC = 18.21% (NOPAT 609.1m / Invested Capital 3.35b)
WACC = 13.99% (E(56.68b)/V(56.70b) * Re(13.99%) + D(15.1m)/V(56.70b) * Rd(35.14%) * (1-Tc(0.13)))
Discount Rate = 13.99% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -0.86%
[DCF Debug] Terminal Value 63.39% ; FCFF base≈694.7m ; Y1≈825.4m ; Y5≈1.29b
Fair Price DCF = 226.8 (EV 9.80b - Net Debt -1.07b = Equity 10.87b / Shares 47.9m; r=13.99% [WACC]; 5y FCF grow 20.07% → 2.90% )
EPS Correlation: -16.17 | EPS CAGR: -43.88% | SUE: -4.0 | # QB: 0
Revenue Correlation: 90.27 | Revenue CAGR: 23.26% | SUE: 2.24 | # QB: 2
EPS next Quarter (2026-03-31): EPS=4.60 | Chg30d=+0.015 | Revisions Net=+0 | Analysts=15
EPS next Year (2026-12-31): EPS=20.86 | Chg30d=+0.046 | Revisions Net=+2 | Growth EPS=+17.9% | Growth Revenue=+17.1%