Penguin Solutions, Inc. - Understand $peng stock

$PENG Market Cap: $1.103 Billion

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Financial Snapshot

Revenue

$1.238B

TTM

Gross Margin

28.77%

TTM

Net Earnings

-$2.787M

TTM

Current Assets

$995.6M

Q4 2024

Current Liabilities

$426.9M

Q4 2024

Current Ratio

233.22%

Q4 2024

Total Assets

$1.583B

Q4 2024

Total Liabilities

$1.174B

Q4 2024

Book Value

$408.9M

Q4 2024

Cash

$370.3M

Q4 2024

P/E

-395.9

Nov 29, 2024 EST

Free Cash Flow

$60.87M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Revenue	$1.171B	$1.441B	$1.819B	$1.501B	$1.122B	$1.212B	$1.289B	$761.3M	$534.4M	$643.5M	$722.4M	$529.8M	$490.4M
YoY Change	-18.77%	-20.78%	21.2%	33.75%	-7.39%	-5.96%	69.29%	42.45%	-16.95%	-10.93%	36.35%	8.03%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Revenue	$1.171B	$1.441B	$1.819B	$1.501B	$1.122B	$1.212B	$1.289B	$761.3M	$534.4M	$643.5M	$722.4M	$529.8M	$490.4M
Cost Of Revenue	$830.0M	$1.026B	$1.366B	$1.193B	$906.0M	$974.5M	$997.2M	$599.0M	$427.5M	$512.0M	$558.1M	$411.3M	$392.3M
Gross Profit	$340.8M	$415.2M	$453.2M	$308.4M	$216.4M	$237.5M	$291.6M	$162.3M	$106.9M	$131.4M	$164.3M	$118.6M	$98.20M
Gross Profit Margin	29.11%	28.81%	24.91%	20.54%	19.28%	19.6%	22.62%	21.31%	20.01%	20.43%	22.74%	22.39%	20.02%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Selling, General & Admin	$233.9M	$260.7M	$220.0M	$169.5M	$119.5M	$103.2M	$84.54M	$66.76M	$53.00M	$68.60M	$71.20M	$58.50M	$49.50M
YoY Change	-10.3%	18.49%	29.85%	41.78%	15.79%	22.1%	26.64%	25.96%	-22.74%	-3.65%	21.71%	18.18%
% of Gross Profit	68.63%	62.8%	48.55%	54.95%	55.23%	43.46%	28.99%	41.15%	49.56%	52.19%	43.34%	49.33%	50.41%
Research & Development	$81.54M	$90.57M	$77.36M	$49.27M	$52.06M	$47.92M	$39.82M	$38.16M	$38.12M	$37.60M	$35.70M	$25.20M	$17.60M
YoY Change	-9.97%	17.08%	56.99%	-5.34%	8.63%	20.33%	4.36%	0.12%	1.37%	5.32%	41.67%	43.18%
% of Gross Profit	23.93%	21.81%	17.07%	15.98%	24.06%	20.17%	13.66%	23.52%	35.65%	28.61%	21.73%	21.25%	17.92%
Depreciation & Amortization	$65.72M	$71.63M	$64.91M	$28.90M	$36.43M	$29.21M	$26.18M	$33.24M	$31.48M	$50.15M	$67.60M	$72.50M	$74.80M
YoY Change	-8.26%	10.36%	124.59%	-20.67%	24.73%	11.55%	-21.23%	5.58%	-37.22%	-25.82%	-6.76%	-3.07%
% of Gross Profit	19.28%	17.25%	14.32%	9.37%	16.83%	12.3%	8.98%	20.49%	29.44%	38.15%	41.14%	61.13%	76.17%
Operating Expenses	$322.5M	$406.4M	$338.7M	$253.2M	$175.1M	$148.4M	$121.4M	$108.4M	$100.7M	$137.1M	$157.9M	$139.4M	$124.0M
YoY Change	-20.65%	19.99%	33.78%	44.62%	17.93%	22.31%	11.99%	7.57%	-26.52%	-13.17%	13.27%	12.42%
Operating Profit	$18.30M	$8.745M	$114.5M	$55.20M	$41.33M	$89.08M	$170.2M	$53.87M	$6.185M	-$6.710M	$6.400M	-$20.80M	-$25.80M
YoY Change	109.21%	-92.36%	107.46%	33.55%	-53.6%	-47.67%	215.96%	771.04%	-192.18%	-204.84%	-130.77%	-19.38%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Interest Expense	-$28.38M	-$36.40M	-$21.17M	-$18.32M	-$26.10M	-$23.90M	-$32.40M	-$28.90M	-$24.50M	-$38.30M	-$26.50M	-$28.00M	-$29.80M
YoY Change	-22.04%	71.95%	15.56%	-29.81%	9.21%	-26.23%	12.11%	17.96%	-36.03%	44.53%	-5.36%	-6.04%
% of Operating Profit	-155.11%	-416.24%	-18.49%	-33.19%	-63.15%	-26.83%	-19.03%	-53.64%	-396.12%		-414.06%
Other Income/Expense, Net	-$49.46M	-$48.26M	-$4.837M	-$17.23M	-$31.97M	-$22.88M	-$32.44M	-$51.76M	$800.0K	-$5.532M	$8.700M	$500.0K	$1.500M
YoY Change	2.49%	897.68%	-71.92%	-46.12%	39.75%	-29.49%	-37.31%	-6569.38%	-114.46%	-163.59%	1640.0%	-66.67%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Pretax Income	-$31.17M	-$39.51M	$88.50M	$37.97M	$9.360M	$66.20M	$137.8M	$2.119M	-$5.545M	-$26.68M	-$11.00M	-$46.80M	-$45.30M
YoY Change	-21.12%	-144.65%	133.07%	305.68%	-85.86%	-51.95%	6402.03%	-138.21%	-79.22%	142.55%	-76.5%	3.31%
Income Tax	$10.62M	-$49.20M	$19.91M	$15.47M	$10.50M	$14.87M	$18.32M	$9.914M	$2.400M	$6.600M	$3.400M	$4.500M	-$3.600M
% Of Pretax Income			22.5%	40.73%	112.21%	22.46%	13.29%	467.86%
Net Earnings	-$52.47M	-$187.5M	$66.56M	$21.31M	-$1.143M	$51.33M	$119.5M	-$7.795M	-$19.96M	-$46.50M	-$14.40M	$176.3M	-$72.50M
YoY Change	-72.02%	-381.75%	212.33%	-1964.39%	-102.23%	-57.03%	-1632.56%	-60.95%	-57.08%	222.92%	-108.17%	-343.17%
Net Earnings / Revenue	-4.48%	-13.01%	3.66%	1.42%	-0.1%	4.24%	9.27%	-1.02%	-3.73%	-7.23%	-1.99%	33.28%	-14.78%
Basic Earnings Per Share	-$1.00	-$3.78	$1.35	$0.88	-$0.05	$2.24	$5.42	-$0.49	-$1.44
Diluted Earnings Per Share	-$1.00	-$3.65	$1.223M	$0.83	-$0.05	$2.19	$5.17	-$0.49	-$1.44	-$2.246M	-$695.7K	$8.517M	-$3.502M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Cash & Short-Term Investments	$390.8M	$363.1M	$223.0M	$150.8M	$98.10M	$31.40M	$22.40M	$58.60M	$68.10M	$78.10M	$92.40M	$104.8M
YoY Change	7.64%	62.82%	47.87%	53.72%	212.42%	40.18%	-61.77%	-13.95%	-12.8%	-15.48%	-11.83%
Cash & Equivalents	$365.6M	$363.1M	$223.0M	$150.8M	$98.10M	$31.40M	$22.40M	$58.60M	$68.10M	$78.10M	$92.40M	$104.8M
Short-Term Investments	$25.30M
Other Short-Term Assets	$122.4M	$55.39M	$46.59M	$14.30M	$20.60M	$18.70M	$9.900M	$11.50M	$13.00M	$23.50M	$22.90M	$22.80M
YoY Change	120.97%	18.89%	225.81%	-30.58%	10.16%	88.89%	-13.91%	-11.54%	-44.68%	2.62%	0.44%
Inventory	$175.0M	$323.1M	$363.6M	$163.0M	$118.7M	$221.4M	$127.1M	$103.1M	$132.9M	$132.6M	$120.4M	$118.3M
Prepaid Expenses
Receivables	$219.2M	$410.3M	$317.6M	$221.0M	$222.0M	$237.2M	$183.3M	$141.0M	$184.1M	$204.0M	$157.7M	$129.2M
Other Receivables	$0.00	$0.00	$0.00	$7.600M	$12.70M	$13.40M	$4.300M	$5.000M	$12.90M	$13.70M	$40.30M	$6.300M
Total Short-Term Assets	$907.4M	$1.152B	$950.8M	$556.7M	$472.3M	$522.0M	$347.0M	$319.3M	$411.1M	$452.0M	$433.7M	$381.4M
YoY Change	-21.22%	21.14%	70.8%	17.87%	-9.52%	50.43%	8.68%	-22.33%	-9.05%	4.22%	13.71%
Property, Plant & Equipment	$187.2M	$231.3M	$197.1M	$79.70M	$68.30M	$56.60M	$55.20M	$57.60M	$60.30M	$67.20M	$39.80M	$44.40M
YoY Change	-19.08%	17.35%	147.35%	16.69%	20.67%	2.54%	-4.17%	-4.48%	-10.27%	68.84%	-10.36%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$89.20M	$37.04M	$21.52M	$20.60M	$12.60M	$21.20M	$25.50M	$19.90M	$19.50M	$24.20M	$31.50M	$42.10M
YoY Change	140.79%	72.16%	4.45%	63.49%	-40.57%	-16.86%	28.14%	2.05%	-19.42%	-23.17%	-25.18%
Total Long-Term Assets	$598.6M	$420.2M	$394.0M	$229.9M	$231.8M	$150.8M	$133.0M	$139.4M	$153.6M	$247.8M	$246.5M	$340.7M
YoY Change	42.46%	6.65%	71.37%	-0.82%	53.71%	13.38%	-4.59%	-9.24%	-38.01%	0.53%	-27.65%
Total Assets	$1.506B	$1.572B	$1.345B	$786.6M	$704.1M	$672.8M	$480.0M	$458.7M	$564.7M	$699.8M	$680.2M	$722.1M
YoY Change
Accounts Payable	$135.0M	$345.1M	$429.6M	$224.7M	$164.9M	$223.2M	$189.7M	$198.0M	$284.2M	$238.7M	$194.4M	$158.4M
YoY Change	-60.88%	-19.69%	91.21%	36.26%	-26.12%	17.66%	-4.19%	-30.33%	19.06%	22.79%	22.73%
Accrued Expenses	$33.70M	$50.33M	$40.15M	$39.20M	$29.80M	$30.10M	$24.90M	$12.90M	$15.70M	$39.40M	$30.80M	$23.50M
YoY Change	-33.04%	25.36%	2.42%	31.54%	-1.0%	20.88%	93.02%	-17.83%	-60.15%	27.92%	31.06%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$35.60M	$12.03M	$25.35M	$0.00	$24.10M	$27.40M	$22.80M	$17.10M	$12.40M	$11.70M	$8.000M	$6.700M
YoY Change	196.05%	-52.57%		-100.0%	-12.04%	20.18%	33.33%	37.9%	5.98%	46.25%	19.4%
Total Short-Term Liabilities	$426.3M	$515.5M	$583.8M	$282.5M	$237.9M	$295.8M	$239.9M	$229.2M	$313.0M	$290.6M	$245.1M	$189.6M
YoY Change	-17.31%	-11.69%	106.65%	18.75%	-19.57%	23.3%	4.67%	-26.77%	7.71%	18.56%	29.27%
Long-Term Debt	$754.8M	$591.4M	$340.5M	$195.6M	$182.5M	$184.2M	$154.5M	$225.6M	$234.6M	$246.2M	$247.5M	$255.5M
YoY Change	27.63%	73.69%	74.07%	7.18%	-0.92%	19.22%	-31.52%	-3.84%	-4.71%	-0.53%	-3.13%
Other Long-Term Liabilities	$95.70M	$86.59M	$101.6M	$26.40M	$10.30M	$5.700M	$1.900M	$2.500M	$4.200M	$2.600M	$8.600M	$8.900M
YoY Change	10.52%	-14.77%	284.82%	156.31%	80.7%	200.0%	-24.0%	-40.48%	61.54%	-69.77%	-3.37%
Total Long-Term Liabilities	$850.5M	$678.0M	$442.1M	$222.0M	$192.8M	$189.9M	$156.4M	$228.1M	$238.8M	$248.8M	$256.1M	$264.4M
YoY Change	25.45%	53.36%	99.13%	15.15%	1.53%	21.42%	-31.43%	-4.48%	-4.02%	-2.85%	-3.14%
Total Liabilities	$1.284B	$1.200B	$1.035B	$504.5M	$430.7M	$485.6M	$397.6M	$459.9M	$556.1M	$549.6M	$524.5M	$488.4M
YoY Change	6.92%	16.04%	105.06%	17.13%	-11.31%	22.13%	-13.55%	-17.3%	1.18%	4.79%	7.39%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016
Basic Shares Outstanding	52.43M shares	49.57M shares	49.47M shares	24.28M	23.99M	22.96M	22.05M	15.79M	13.84M
Diluted Shares Outstanding	52.43M shares	51.32M shares	54.44M shares	25.79M	23.99M	23.47M	23.12M	15.79M	13.84M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $1.1033 Billion

About Penguin Solutions, Inc.

SMART Global Holdings, Inc. engages in the design and manufacture of enterprise solutions for the computing, memory, and LED markets. The company is headquartered in Newark California, California and currently employs 3,000 full-time employees. The company went IPO on 2017-05-24. The firm is focused on serving its customers by providing technical knowledge and expertise, custom design engineering, and build-to-order flexibility. Its segments include Memory Solutions, Intelligent Platform Solutions (IPS) and light emitting diode (LED) Solutions. The Memory Solutions segment, under its SMART Modular brand, provides memory solutions through the design, development and packaging of leading-edge to extended lifecycle products. The IPS segment, under its Penguin Solutions and Stratus Technologies brands, offers specialized platform solutions and services for computing, artificial intelligence, machine learning, advanced modeling and the Internet of things. The LED Solutions segment, under its CreeLED brand, offers a broad portfolio of application-optimized LEDs focused on improving lumen density, intensity, efficacy, optical control and/or reliability.

Industry: Semiconductors & Related Devices Peers: NVIDIA CORP ALPHA & OMEGA SEMICONDUCTOR Ltd CEVA INC SkyWater Technology, Inc indie Semiconductor, Inc. Navitas Semiconductor Corp Transphorm, Inc. SEMTECH CORP SITIME Corp