MaxLinear, Inc.

DB:JMX Stock Report

Market Cap: €1.5b

MaxLinear Valuation

Is JMX undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of JMX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: JMX (€18.3) is trading below our estimate of fair value (€58.81)

Significantly Below Fair Value: JMX is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for JMX?

Key metric: As JMX is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for JMX. This is calculated by dividing JMX's market cap by their current revenue.
What is JMX's PS Ratio?
PS Ratio4.1x
SalesUS$393.71m
Market CapUS$1.61b

Price to Sales Ratio vs Peers

How does JMX's PS Ratio compare to its peers?

The above table shows the PS ratio for JMX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.6x
ELG Elmos Semiconductor
2x5.4%€1.2b
SIS First Sensor
4.9xn/a€599.7m
IFX Infineon Technologies
2.7x6.8%€40.8b
WAF Siltronic
1x8.4%€1.4b
JMX MaxLinear
4.1x16.2%€1.6b

Price-To-Sales vs Peers: JMX is expensive based on its Price-To-Sales Ratio (4.1x) compared to the peer average (2.6x).

Price to Sales Ratio vs Industry

How does JMX's PS Ratio compare vs other companies in the DE Semiconductor Industry?

2 CompaniesPrice / SalesEstimated GrowthMarket Cap
M5Z Manz
0.09x1.9%US$19.24m
D0Q Sondrel (Holdings)
0.2xn/aUS$2.02m
No more companies available in this PS range
JMX 4.1xIndustry Avg. 1.7xNo. of Companies2PS012345+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: JMX is expensive based on its Price-To-Sales Ratio (4.1x) compared to the European Semiconductor industry average (1.7x).

Price to Sales Ratio vs Fair Ratio

What is JMX's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

JMX PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio4.1x
Fair PS Ratio2.9x

Price-To-Sales vs Fair Ratio: JMX is expensive based on its Price-To-Sales Ratio (4.1x) compared to the estimated Fair Price-To-Sales Ratio (2.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst JMX forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€18.30
€19.05
+4.1%
25.0%€26.54€13.27n/a10
Dec ’25€14.26
€18.73
+31.3%
22.4%€24.97€13.44n/a10
Nov ’25€12.27
€18.59
+51.6%
20.8%€24.04€13.87n/a9
Oct ’25€11.33
€18.17
+60.4%
25.4%€25.30€10.84n/a9
Sep ’25€13.68
€19.52
+42.7%
23.7%€25.62€10.98n/a9
Aug ’25€12.42
€20.59
+65.8%
17.3%€25.81€15.67n/a9
Jul ’25€19.64
€21.19
+7.9%
17.7%€27.97€16.78n/a11
Jun ’25€16.25
€21.19
+30.4%
17.7%€27.97€16.78n/a11
May ’25€19.50
€21.19
+8.6%
17.7%€27.97€16.78n/a11
Apr ’25€17.14
€19.07
+11.3%
16.2%€23.92€13.80n/a11
Mar ’25€18.60
€19.07
+2.5%
16.2%€23.92€13.80n/a11
Feb ’25€16.90
€19.07
+12.9%
16.2%€23.92€13.80n/a11
Jan ’25€21.68
€21.57
-0.5%
20.6%€32.06€16.49n/a11
Dec ’24€17.36
€22.22
+28.0%
20.9%€33.15€17.05€14.2611
Nov ’24€14.30
€22.22
+55.4%
20.9%€33.15€17.05€12.2711
Oct ’24€21.01
€29.80
+41.8%
19.9%€40.97€22.76€11.3311
Sep ’24€22.25
€29.80
+33.9%
19.9%€40.97€22.76€13.6811
Aug ’24€22.20
€29.80
+34.2%
19.9%€40.97€22.76€12.4211
Jul ’24€28.98
€34.75
+19.9%
16.7%€46.28€23.14€19.6411
Jun ’24€26.40
€34.75
+31.6%
16.7%€46.28€23.14€16.2511
May ’24€21.68
€33.89
+56.3%
18.3%€45.58€22.79€19.5011
Apr ’24€32.35
€44.77
+38.4%
16.8%€56.71€28.36€17.1411
Mar ’24€32.30
€44.77
+38.6%
16.8%€56.71€28.36€18.6011
Feb ’24€39.20
€45.40
+15.8%
12.3%€55.14€32.17€16.9010
Jan ’24€31.27
€49.60
+58.6%
13.0%€60.73€35.43€21.6810
Dec ’23€34.62
€49.60
+43.3%
13.0%€60.73€35.43€17.3610

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/21 16:43
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

MaxLinear, Inc. is covered by 21 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
David WilliamsBenchmark Company
Gary MobleyBenchmark Company
Jerome RamelBNP Paribas Exane