--- title: Monolithic Power Systems (MPWR) — intrinsic value and fair price canonical: https://sweetvaluelab.com/stocks/mpwr ticker: MPWR as_of: 2026-10-17 sector: Technology industry: Semiconductors --- # Monolithic Power Systems (MPWR) Monolithic Power Systems (MPWR) closed at $1,210.86 on Oct 16, 2026, overvalued by 222% vs its model value of $376.03 (from a five-year discounted cash flow). ## Key figures | Figure | Value | | --- | ---: | | Last close | $1,210.86 (Oct 16, 2026) | | Model value (from a five-year discounted cash flow) | $376.03 | | Price vs model | overvalued by 222% vs model | | Range of that model | $271.54 – $632.75 | | Market value | $59.5B | | P/E (fiscal 2025) | 95.0 | | Net margin (fiscal 2025) | 22.1% | | Free cash flow (fiscal 2025) | $666.2M | | Dividend yield (trailing twelve months) | 0.62% | | Beta | 1.68 | | Cost of capital (WACC) | 11.12% | | Business classification | High Growth (High revenue growth (~24% recent), High profitability (22% net margin), Highly cyclical earnings) | ## Dividends | Figure | Value | | --- | ---: | | Trailing dividend yield | 0.62% | | Dividends per share, last 12 months | $7.56 | | Dividends / free cash flow (fiscal 2025) | 42.8% | | Raised | 8 years in a row | | Growth over 5 years | 26.9% a year | | Latest payment | $2.00, ex-date Sep 30, 2026, paid Oct 15, 2026 | | Year of payments | Dividends per share | | --- | ---: | | To Sep 29, 2021 | $2.30 | | To Sep 29, 2022 | $2.85 | | To Sep 28, 2023 | $3.75 | | To Sep 30, 2024 | $4.75 | | To Sep 30, 2025 | $5.93 | | Trailing twelve months (to Sep 30, 2026) | $7.56 | ## Valuation models Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026. | Model | Role | Value per share | Low | High | | --- | --- | ---: | ---: | ---: | | DCF · Perpetuity growth · 5y | primary | $376.03 | $271.54 | $632.75 | | DCF · Perpetuity growth · 10y | cross check | $531.06 | $378.47 | $903.75 | | DCF · EBITDA exit · 5y | cross check | $377.87 | $237.07 | $544.02 | | DCF · EBITDA exit · 10y | cross check | $532.94 | $343.26 | $788.41 | | P/E · peers | cross check | $975.01 | $642.71 | $1,003.69 | | P/E · own history | cross check | $1,497.09 | $1,027.67 | $1,868.18 | | PEG | sanity check | $687.86 | $687.86 | $687.86 | | EV/EBITDA · peers | cross check | $786.97 | $733.78 | $836.38 | | EV/Revenue · peers | cross check | $542.98 | $287.69 | $749.68 | | Earnings power value | cross check | $102.98 | $93.38 | $115.57 | ## Insider activity (SEC Form 4) Past 90 days: 0 open-market buys ($0) and 14 open-market sales ($40.7M); 10b5-1 plan sales included. | Date | Insider | Relationship | Transaction | Shares | Value | | --- | --- | --- | --- | ---: | ---: | | Sep 28, 2026 | Hsing Michael | CEO | Open-market sell (10b5-1 plan) | 130 | $176,402.2 | | Sep 28, 2026 | Hsing Michael | CEO | Open-market sell (10b5-1 plan) | 10,967 | $14.8M | | Sep 28, 2026 | Hsing Michael | CEO | Open-market sell (10b5-1 plan) | 6,343 | $8.5M | | Sep 28, 2026 | Hsing Michael | CEO | Open-market sell (10b5-1 plan) | 5,783 | $7.8M | | Sep 28, 2026 | Hsing Michael | CEO | Open-market sell (10b5-1 plan) | 2,949 | $3.9M | ## Recent SEC filings | Filed | Form | What | Filing | | --- | --- | --- | --- | | Sep 10, 2026 | 8-K | 8.01 Other Events; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1280452/000162828026061318/mpwr-20260910.htm | | Aug 5, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/1280452/000162828026053275/mpwr-20260630.htm | | Jul 30, 2026 | 8-K | 2.02 Results of Operations (Earnings); 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1280452/000162828026051029/mpwr-20260730.htm | | Jun 12, 2026 | 8-K | 5.07 Submission of Matters to a Shareholder Vote; 8.01 Other Events; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1280452/000162828026042820/mpwr-20260611.htm | | May 4, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/1280452/000143774926014647/mpwr20260331_10q.htm | ## Superinvestors holding it (latest 13F) | Manager | Quarter | Shares | Value | | --- | --- | ---: | ---: | | Torray | 2026-06-30 | 3,715 | $5.1M | | Bridgewater | 2026-06-30 | 3,096 | $4.3M | | Lee Ainslie | 2026-06-30 | 593 | $819,739 | 3 tracked managers in all. ## About Monolithic Power Systems, Inc. specializes in the creation, promotion, and sale of advanced semiconductor components for power management. Their innovative solutions cater to a broad spectrum of industries, including information technology, data storage, automotive, industrial applications, telecommunications, and consumer electronics. A core offering consists of direct current (DC) to DC integrated circuits (ICs), which are vital for regulating and transforming electrical voltages in diverse systems such as portable gadgets, wireless local area network access points, personal computers, displays, car entertainment systems, and medical devices. Additionally, they provide integrated circuits specifically designed for lighting control, essential for illuminating liquid crystal display (LCD) panels in laptops, monitors, vehicle navigation systems, and televisions, alongside general illumina… --- Source: https://sweetvaluelab.com/stocks/mpwr (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. 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