BRAZIL – 2021/12/14: In this photo illustration the Microchip Technology logo seen displayed on a … [+]
Microchip Technology Inc. (NASDAQ: MCHP) stock price jumped around 3.2x from $22 in 2017 end, to over $70 currently, primarily due to favorable changes in its P/S multiple and revenues. Additionally, the company witnessed a strong rise in revenue per share over this period, despite a substantial rise in the outstanding share count. This has enabled the stock to strongly outperform the S&P, which has risen just around 50% in comparison over this period.
In our interactive dashboard, Why Microchip Technology Stock Moved: MCHP Stock Has Gained 223% Since 2017, we break down the factors behind this move.
Microchip’s Total Revenue has grown 86% from $3.9 billion in FY 2018 to $7.2 billion currently
Revenue per share increased 57% from $8.35 in FY 2018 to $13.09 currently
Price-To-Sales (P/S) multiple for Microchip Technology rose strongly from 3.1x in 2017 end to 8.8x by 2021 end, but has pulled back to 5.4x currently, still around 1.7x higher than what it was in late 2017
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