WallStSmart

Fortinet Inc (FTNT)vsSilicon Motion Technology (SIMO)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Fortinet Inc generates 570% more annual revenue ($7.11B vs $1.06B). FTNT leads profitability with a 27.5% profit margin vs 16.0%. SIMO appears more attractively valued with a PEG of 0.70. SIMO earns a higher WallStSmart Score of 71/100 (B).

FTNT

Strong Buy

67

out of 100

Grade: B-

Growth: 8.0Profit: 9.5Value: 4.7Quality: 5.5
Piotroski: 5/9Altman Z: 1.50

SIMO

Strong Buy

71

out of 100

Grade: B

Growth: 7.3Profit: 7.5Value: 4.0Quality: 7.3
Piotroski: 4/9Altman Z: 3.39
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

FTNTUndervalued (+45.4%)

Margin of Safety

+45.4%

Fair Value

$265.15

Current Price

$149.67

$115.48 discount

UndervaluedFair: $265.15Overvalued
SIMOSignificantly Overvalued (-59.2%)

Margin of Safety

-59.2%

Fair Value

$87.91

Current Price

$258.70

$170.79 premium

UndervaluedFair: $87.91Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

FTNT6 strengths · Avg: 9.0/10
Return on EquityProfitability
197.5%10/10

Every $100 of equity generates 197 in profit

Operating MarginProfitability
31.3%10/10

Strong operational efficiency at 31.3%

Market CapQuality
$109.06B9/10

Large-cap with strong market position

Profit MarginProfitability
27.5%9/10

Keeps 28 of every $100 in revenue as profit

Revenue GrowthGrowth
20.1%8/10

Revenue surging 20.1% year-over-year

EPS GrowthGrowth
28.6%8/10

Earnings expanding 28.6% YoY

SIMO4 strengths · Avg: 9.5/10
Revenue GrowthGrowth
105.5%10/10

Revenue surging 105.5% year-over-year

EPS GrowthGrowth
238.7%10/10

Earnings expanding 238.7% YoY

Altman Z-ScoreHealth
3.3910/10

Safe zone — low bankruptcy risk

PEG RatioValuation
0.708/10

Growing faster than its price suggests

Areas to Watch

FTNT4 concerns · Avg: 2.5/10
Altman Z-ScoreHealth
1.504/10

Distress zone — elevated risk

PEG RatioValuation
3.322/10

Expensive relative to growth rate

P/E RatioValuation
57.7x2/10

Premium valuation, high expectations priced in

Price/BookValuation
110.9x2/10

Trading at 110.9x book value

SIMO3 concerns · Avg: 2.7/10
Price/BookValuation
9.6x4/10

Trading at 9.6x book value

P/E RatioValuation
55.5x2/10

Premium valuation, high expectations priced in

Free Cash FlowQuality
$-49.45M2/10

Negative free cash flow — burning cash

Comparative Analysis Report

WallStSmart Research

Bull Case : FTNT

The strongest argument for FTNT centers on Return on Equity, Operating Margin, Market Cap. Profitability is solid with margins at 27.5% and operating margin at 31.3%. Revenue growth of 20.1% demonstrates continued momentum.

Bull Case : SIMO

The strongest argument for SIMO centers on Revenue Growth, EPS Growth, Altman Z-Score. Profitability is solid with margins at 16.0% and operating margin at 15.3%. Revenue growth of 105.5% demonstrates continued momentum.

Bear Case : FTNT

The primary concerns for FTNT are Altman Z-Score, PEG Ratio, P/E Ratio. A P/E of 57.7x leaves little room for execution misses.

Bear Case : SIMO

The primary concerns for SIMO are Price/Book, P/E Ratio, Free Cash Flow. A P/E of 55.5x leaves little room for execution misses.

Key Dynamics to Monitor

SIMO carries more volatility with a beta of 1.73 — expect wider price swings.

SIMO is growing revenue faster at 105.5% — sustainability is the question.

FTNT generates stronger free cash flow (1.0B), providing more financial flexibility.

Monitor SOFTWARE - INFRASTRUCTURE industry trends, competitive dynamics, and regulatory changes.

Bottom Line

SIMO scores higher overall (71/100 vs 67/100), backed by strong 16.0% margins and 105.5% revenue growth. FTNT offers better value entry with a 45.4% margin of safety. Both earn "Strong Buy" and "Strong Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Fortinet Inc

TECHNOLOGY · SOFTWARE - INFRASTRUCTURE · USA

Fortinet (Nasdaq: FTNT) is an American multinational corporation headquartered in Sunnyvale, California. It develops and sells cybersecurity solutions, including but not limited to physical products such as firewalls, plus software and services such as anti-virus protection, intrusion prevention systems and endpoint security components.

Silicon Motion Technology

TECHNOLOGY · SEMICONDUCTORS · USA

Silicon Motion Technology Corporation designs, develops and markets NAND flash controllers for solid state storage devices. The company is headquartered in Kowloon, Hong Kong.

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