DB:MVL

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Marvell Technology Group

Executive Summary

Marvell Technology Group Ltd. designs, develops, and sells analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits.


Snowflake Analysis

Fair value with mediocre balance sheet.


Similar Companies

Share Price & News

How has Marvell Technology Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MVL's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

9.4%

MVL

-0.7%

DE Semiconductor

3.2%

DE Market


1 Year Return

47.9%

MVL

18.5%

DE Semiconductor

0.01%

DE Market

Return vs Industry: MVL exceeded the German Semiconductor industry which returned 18.5% over the past year.

Return vs Market: MVL exceeded the German Market which returned 0% over the past year.


Shareholder returns

MVLIndustryMarket
7 Day9.4%-0.7%3.2%
30 Day16.1%9.1%4.7%
90 Day59.1%1.2%-0.9%
1 Year49.4%47.9%19.7%18.5%1.7%0.01%
3 Year94.6%87.8%-1.7%-5.1%-6.8%-14.0%
5 Year156.5%137.1%47.6%40.1%3.9%-9.5%

Price Volatility Vs. Market

How volatile is Marvell Technology Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Marvell Technology Group undervalued compared to its fair value and its price relative to the market?

14.29x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MVL (€29.04) is trading above our estimate of fair value (€14.98)

Significantly Below Fair Value: MVL is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: MVL is good value based on its PE Ratio (14.3x) compared to the Semiconductor industry average (21.1x).

PE vs Market: MVL is good value based on its PE Ratio (14.3x) compared to the German market (18.9x).


Price to Earnings Growth Ratio

PEG Ratio: MVL is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: MVL is overvalued based on its PB Ratio (2.5x) compared to the DE Semiconductor industry average (2x).


Next Steps

Future Growth

How is Marvell Technology Group forecast to perform in the next 1 to 3 years based on estimates from 25 analysts?

18.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MVL's forecast earnings growth (18.3% per year) is above the savings rate (0.2%).

Earnings vs Market: MVL's earnings (18.3% per year) are forecast to grow slower than the German market (21.6% per year).

High Growth Earnings: MVL's earnings are forecast to grow, but not significantly.

Revenue vs Market: MVL's revenue (14.3% per year) is forecast to grow faster than the German market (5.7% per year).

High Growth Revenue: MVL's revenue (14.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MVL's Return on Equity is forecast to be low in 3 years time (8.9%).


Next Steps

Past Performance

How has Marvell Technology Group performed over the past 5 years?

41.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MVL has a large one-off gain of $965.5M impacting its May 2 2020 financial results.

Growing Profit Margin: MVL became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: MVL's earnings have grown significantly by 41.2% per year over the past 5 years.

Accelerating Growth: MVL has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: MVL has become profitable in the last year, making it difficult to compare its past year earnings growth to the Semiconductor industry (-6.5%).


Return on Equity

High ROE: MVL's Return on Equity (17.8%) is considered low.


Next Steps

Financial Health

How is Marvell Technology Group's financial position?


Financial Position Analysis

Short Term Liabilities: MVL's short term assets ($1.5B) exceed its short term liabilities ($690.6M).

Long Term Liabilities: MVL's short term assets ($1.5B) do not cover its long term liabilities ($1.8B).


Debt to Equity History and Analysis

Debt Level: MVL's debt to equity ratio (15.2%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if MVL's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: MVL's debt is well covered by operating cash flow (28.6%).

Interest Coverage: Insufficient data to determine if MVL's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Marvell Technology Group's current dividend yield, its reliability and sustainability?

0.73%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MVL's dividend (0.74%) isn’t notable compared to the bottom 25% of dividend payers in the German market (1.29%).

High Dividend: MVL's dividend (0.74%) is low compared to the top 25% of dividend payers in the German market (3.86%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, MVL has been paying a dividend for less than 10 years.

Growing Dividend: MVL has only been paying a dividend for 8 years, and since then payments have not increased.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (10.5%), MVL's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: MVL's dividends in 3 years are forecast to be well covered by earnings (20.3% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.4yrs

Average management tenure


CEO

Matt Murphy (46yo)

3.83yrs

Tenure

US$7,166,310

Compensation

Mr. Matthew J. Murphy, also known as Matt, serves as Independent Director at eBay Inc. since March 15, 2019. Mr. Murphy has been the President and Chief Executive Officer of Marvell Technology Group Ltd. s ...


CEO Compensation Analysis

Compensation vs Market: Matt's total compensation ($USD7.17M) is above average for companies of similar size in the German market ($USD5.08M).

Compensation vs Earnings: Matt's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Matthew Murphy
President3.83yrsUS$7.17m0.043% $8.3m
Jean Hu
Chief Financial Officer3.75yrsUS$2.82m0.020% $4.0m
Mitchell Gaynor
Chief Administration & Legal Officer and Secretary3yrsUS$1.99m0.015% $2.9m
Syed Ali
0.92yrUS$248.35k0.68% $133.0m
Raghib Hussain
Chief Strategy Officer2.33yrsUS$4.04m0.11% $21.5m
Bethany Mayer
Director2yrsUS$297.14k0.0017% $335.8k
Sehat Sutardja
Co-Founder25.33yrsUS$377.92kno data
Weili Dai
Co-Founder25.33yrsUS$36.26kno data
Andrew Micallef
Executive VP & COO3.92yrsUS$2.11m0.017% $3.3m
Willem Meintjes
Chief Accounting Officer1.92yrsno data0.0043% $843.3k

3.4yrs

Average Tenure

56.5yo

Average Age

Experienced Management: MVL's management team is considered experienced (3.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Matthew Murphy
President3.83yrsUS$7.17m0.043% $8.3m
Bethany Mayer
Director2yrsUS$297.14k0.0017% $335.8k
Robert Switz
Independent Director4yrsUS$299.49k0.0069% $1.3m
Richard Hill
Independent Chairman4yrsUS$357.59k0.0098% $1.9m
William Tudor Brown
Independent Director3.42yrsUS$287.59k0.0015% $296.7k
Donna Morris
Independent Director2yrsUS$305.71k0.0025% $490.0k
Brad Buss
Independent Director1.83yrsUS$255.63k0.0083% $1.6m
Edward Frank
Independent Director1.83yrsUS$252.71k0.0045% $870.6k
Oleg Khaykin
Independent Director4yrsUS$302.59k0.0035% $687.1k
Michael Strachan
Independent Director4yrsUS$297.62k0.0075% $1.5m

3.6yrs

Average Tenure

58.5yo

Average Age

Experienced Board: MVL's board of directors are considered experienced (3.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: MVL insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Marvell Technology Group Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Marvell Technology Group Ltd.
  • Ticker: MVL
  • Exchange: DB
  • Founded: 1995
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: US$21.702b
  • Listing Market Cap: US$19.521b
  • Shares outstanding: 665.30m
  • Website: https://www.marvell.com

Number of Employees


Location

  • Marvell Technology Group Ltd.
  • Canon's Court
  • 22 Victoria Street
  • Hamilton
  • HM 12
  • Bermuda

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MRVLNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDJun 2000
MVLDB (Deutsche Boerse AG)YesCommon StockDEEURJun 2000
0UBILSE (London Stock Exchange)YesCommon StockGBUSDJun 2000
MRVL NBMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNJun 2000

Biography

Marvell Technology Group Ltd. designs, develops, and sells analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. It offers a portfolio of Ethernet solutions, including controllers, network adapters, physical transceivers, and switches; single or multiple core processors; custom application specific integrated circuits; and printer SoC products and application processors. The company also provides a range of storage products comprising storage controllers for hard disk drives (HDD) and solid-state drives that support various host system interfaces consisting of serial attached SCSI (SAS), serial advanced technology attachment (SATA), peripheral component interconnect express, non-volatile memory express (NVMe), and NVMe over fabrics; and fiber channel products, including host bus adapters, and controllers for server and storage system connectivity. It has operations in the United States, China, Malaysia, the Philippines, Thailand, Singapore, India, Israel, Japan, South Korea, Taiwan, and Vietnam. The company was founded in 1995 and is headquartered in Hamilton, Bermuda. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/30 23:38
End of Day Share Price2020/05/29 00:00
Earnings2020/05/02
Annual Earnings2020/02/01


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.