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Monolithic Power Systems, Inc. is a fabless global company that provides high-performance, semiconductor-based power electronics solutions. Incorporated in 1997, our three core strengths include deep system-level knowledge, strong semiconductor design expertise, and innovative proprietary technologies in the areas of semiconductor processes, system integration, and packaging.
$1,312.00
+$6.35 (+0.49%)
EOD Jul 17, 2026
Margins and capital returns are both well above average: 26.11% operating margin, ROIC at 17.39%. Consistent with durable pricing power, though that alone doesn't make it a buy.
At 94x earnings, the current multiple leaves limited room for execution misses or growth deceleration.
93.9x earnings, 102.6x FCF. The market is pricing in years of above-average growth. If that thesis breaks, downside from multiple compression alone could be 30%+. This is a stock where you're paying for the future, not the present.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$2.96B
Net Income (TTM)
$680M
Op. Margin
27.09%
ROIC
17.34%
Cash Flow & Balance Sheet
FCF (TTM)
$630M
Op. Cash Flow (TTM)
$832M
Net Debt
-$1.35B
Net Cash Position
Cash & Equiv.
$1.37B
5Y CAGR: +27.0%
5Y CAGR: +25.7%
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At a P/E of 93.9 and a price-to-free-cash-flow of 102.6, Monolithic Power Systems (MPWR) trades above a two-stage DCF intrinsic value of about $672.71 per share, so at $1,312.00 the stock looks overvalued (48.7% above estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Monolithic Power Systems scores 64/100 on Intrinsiqq's quality scorecard (a solid business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 0.5%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $672.71 per share for MPWR, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $504.53. At today's $1,312.00, that puts the stock about 48.7% above estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Monolithic Power Systems scores 64 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a solid business on these measures. Recent fundamentals include a 27.1% operating margin and a 17.3% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, Monolithic Power Systems pays a regular dividend of about $6.16 per share per year (typically in quarterly installments), a yield of roughly 0.5% at the current price. That is a payout ratio of about 44.6% of earnings, so the dividend is well covered. Monolithic Power Systems has grown the dividend at roughly 27.0% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For MPWR's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. MPWR currently trades above its estimated intrinsic value and scores 64/100 on quality (solid). It also yields about 0.5%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.