Marvell Technology Inc.

MRVL

125.21 (-0.97%) 1.21

108.34(B)

Information Technology

Semiconductors and Semiconductor Equipment

Marvell Technology Inc. together with its subsidiaries provides data infrastructure semiconductor solutions spanning the data center core to network edge. The company develops and scales complex System-on-a-Chip architectures integrating analog mixed-signal and digital signal processing functionality. It offers a portfolio of Ethernet solutions including controllers network adapters physical transceivers and switches; single or multiple core processors; and custom application specific integrated circuits. The company also provides electro-optical products including pulse amplitude modulations coherent digital signal processors laser drivers trans-impedance amplifiers silicon photonics and data center interconnect solutions; fibre channel products comprising host bus adapters and controllers; storage controllers for hard disk drives and solid-state-drives; and host system interfaces including serial attached SCSI serial advanced technology attachment peripheral component interconnect express non-volatile memory express (NVMe) and NVMe over fabrics. It has operations in the United States Argentina China India Israel Japan Singapore South Korea Taiwan and Vietnam. Marvell Technology Inc. was incorporated in 1995 and is headquartered in Wilmington Delaware.

Holdings:

Cost basis:

Marvell Technology Inc. (MRVL) price target and intrinsic value estimate

MRVL's fair price estimate is $62.1

This valuation is based on a fair P/E of 14.9 and EPS estimates of $4.17

The median analyst price target for MRVL is $125.0.

Analyst price targets range from $74.2 to $160.0

Is MRVL overvalued or undervalued?

MRVL is currently trading at $125.21

MRVL is overvalued by 102% using the pevaluation method.

MRVL is overvalued by 0% compared to median analyst price targets.

Do you agree with this valuation?

Valuation

PEvaluation

Low $46.5

Median $62.1

High $77.6

Fair P/E

Margin of safety

Analyst valuation

Low $74.2

Median $125.0

High $160.0

Strong Buy9

Buy24

Hold2

Sell0

Strong Sell1

Discounted cash-flow

TTM FCFFCF est.Growth FCFTerminal FCF

Discount rate:

10%

Terminal rate:

Growth phase length:

Growth phase rate:

10%

Economic moat: None/narrow

Overview

Market data

Market cap:$108.34(B)

Enterprise value:$111.82(B)

Total Equity:$13.37(B)

Shares outstanding:865.30(M)

Div. yield:0.19%

P/S:20.16

P/E:N/A

P/FCF:75.88

P/B:8.10

EPS:$-1.7

FCF per share:$1.6

Dividend per share:$0.2

Income (TTM)

Revenue$5.38(B)

Gross profit$2.49(B)

EBITDA$1.15(B)

Net income$-1.48(B)

Gross margin46.2%

Net margin-27.5%

Balance sheet

Total assets$19.72(B)

Total liabilities$6.34(B)

Cash & Short-term inv.$868.10(M)

Long-term debt$3.97(B)

Debt issued$0

Debt repaid$-98.50(M)

Cash flow (TTM)

FCF$1.43(B)

CapEx$-285.70(M)

Dividends paid$-207.50(M)

Stock issued$90.50(M)

Stock repurchased$-870.30(M)

Stock-based comp.$605.10(M)

Future Growth

Revenue

CAGR: 26.4%

FY+1$5.75(B)

FY+2$8.15(B)

FY+3$9.81(B)

FY+4$11.76(B)

FY+5$14.69(B)

Net Income

CAGR: 40.6%

FY+1$1.36(B)

FY+2$2.42(B)

FY+3$3.15(B)

FY+4$4.28(B)

FY+5$5.32(B)

EPS

CAGR: 42.4%

FY+1$1.56

FY+2$2.77

FY+3$3.68

FY+4$4.66

FY+5$6.42

FCF per share

CAGR: 35.6%

FY+1$2.02

FY+2$3.22

FY+3$4.39

FY+4$5.04

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Historical Financials

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YearlyQuarterly

Income

RevenueNet IncomeCOGSGross ProfitTotal OpEx.R&DSG&AOperating IncomeInterest ExpenseInterest IncomePre-tax incomeIncome tax

Cash flow

FCFCFONet IncomeD&AStock-based Comp.CFFStock IssuedStock RepurchasedDebt IssuedDebt RepaidDividend PaidCFIAcquisitionsDivestituresCapital Expenditures

Balance sheet

Total AssetsTotal LiabilitiesCurrent assetsCash and EquivalentsShort-term investmentsInventoriesReceivablesNon-current assetsNet PP&EGoodwillCurrent liabilitiesAccounts payableNon-current liabilitiesLong-Term DebtTotal Equity

Shares outstanding

Shares (Basic)Shares (Diluted)

Per share data

EPS (Basic)EPS (Diluted)FCF/ShareDividend/ShareBook value/Share

Ratios

P/EP/FCFP/BP/SEV/EarningsEV/FCFDebt/EquityPayout ratio

Margins

Net Income MarginOperating MarginGross MarginEBITDA MarginFCF Margin

Returns

ROICROAROCEROE

Market Cap.