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Marvell Technology Group

DB:MVL
Snowflake Description

Reasonable growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MVL
DB
$16B
Market Cap
  1. Home
  2. DE
  3. Semiconductors
Company description

Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. The last earnings update was 10 days ago. More info.


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MVL Share Price and Events
7 Day Returns
-0.7%
DB:MVL
-2.6%
DE Semiconductor
0.3%
DE Market
1 Year Returns
13.4%
DB:MVL
-38.9%
DE Semiconductor
-11.7%
DE Market
MVL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Marvell Technology Group (MVL) -0.7% -0.1% 18.2% 13.4% 131.5% 97.2%
DE Semiconductor -2.6% -18.2% -21.3% -38.9% 18.1% 35.1%
DE Market 0.3% -2.8% -0.8% -11.7% 12.2% 6.1%
1 Year Return vs Industry and Market
  • MVL outperformed the Semiconductor industry which returned -38.9% over the past year.
  • MVL outperformed the Market in Germany which returned -11.7% over the past year.
Price Volatility
MVL
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Marvell Technology Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Marvell Technology Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Marvell Technology Group.

DB:MVL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 24 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:MVL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Semiconductor Unlevered Beta Simply Wall St/ S&P Global 1.23
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.226 (1 + (1- 21%) (11.62%))
1.227
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.23
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.227 * 5.96%)
7.54%

Discounted Cash Flow Calculation for DB:MVL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Marvell Technology Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:MVL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.54%)
2019 882.33 Analyst x4 820.46
2020 582.11 Analyst x4 503.33
2021 888.46 Analyst x4 714.35
2022 923.70 Analyst x1 690.60
2023 949.50 Est @ 2.79% 660.10
2024 968.71 Est @ 2.02% 626.23
2025 983.09 Est @ 1.48% 590.96
2026 993.98 Est @ 1.11% 555.61
2027 1,002.37 Est @ 0.84% 521.00
2028 1,008.98 Est @ 0.66% 487.66
Present value of next 10 years cash flows $6,170.31
DB:MVL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $1,008.98 × (1 + 0.23%) ÷ (7.54% – 0.23%)
$13,827.44
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $13,827.44 ÷ (1 + 7.54%)10
$6,683.12
DB:MVL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $6,170.31 + $6,683.12
$12,853.42
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $12,853.42 / 661.00
$19.45
DB:MVL Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:MVL represents 0.87117x of NasdaqGS:MRVL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.87117x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 19.45 x 0.87117
€16.94
Value per share (EUR) From above. €16.94
Current discount Discount to share price of €20.76
= -1 x (€20.76 - €16.94) / €16.94
-22.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Marvell Technology Group is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Marvell Technology Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Marvell Technology Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:MVL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-05-04) in USD $-0.56
NasdaqGS:MRVL Share Price ** NasdaqGS (2019-06-14) in USD $23.83
Germany Semiconductor Industry PE Ratio Median Figure of 10 Publicly-Listed Semiconductor Companies 22.64x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.7x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Marvell Technology Group.

DB:MVL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:MRVL Share Price ÷ EPS (both in USD)

= 23.83 ÷ -0.56

-42.26x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Marvell Technology Group is loss making, we can't compare its value to the DE Semiconductor industry average.
  • Marvell Technology Group is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Marvell Technology Group's expected growth come at a high price?
Raw Data
DB:MVL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -42.26x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 24 Analysts
103.6%per year
Germany Semiconductor Industry PEG Ratio Median Figure of 8 Publicly-Listed Semiconductor Companies 1.44x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Marvell Technology Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Marvell Technology Group's assets?
Raw Data
DB:MVL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-05-04) in USD $10.93
NasdaqGS:MRVL Share Price * NasdaqGS (2019-06-14) in USD $23.83
Germany Semiconductor Industry PB Ratio Median Figure of 12 Publicly-Listed Semiconductor Companies 1.89x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.76x
DB:MVL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:MRVL Share Price ÷ Book Value per Share (both in USD)

= 23.83 ÷ 10.93

2.18x

* Primary Listing of Marvell Technology Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Marvell Technology Group is overvalued based on assets compared to the DE Semiconductor industry average.
X
Value checks
We assess Marvell Technology Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Semiconductor industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Semiconductor industry average (and greater than 0)? (1 check)
  5. Marvell Technology Group has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Marvell Technology Group expected to perform in the next 1 to 3 years based on estimates from 24 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
103.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Marvell Technology Group expected to grow at an attractive rate?
  • Marvell Technology Group's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Marvell Technology Group's earnings growth is expected to exceed the Germany market average.
  • Marvell Technology Group's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:MVL Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:MVL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 24 Analysts 103.6%
DB:MVL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 24 Analysts 12.9%
Germany Semiconductor Industry Earnings Growth Rate Market Cap Weighted Average 11.3%
Germany Semiconductor Industry Revenue Growth Rate Market Cap Weighted Average 5.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:MVL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 24 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:MVL Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-01-31 3,594 1,010 824 8
2021-01-31 3,212 924 347 24
2020-01-31 2,758 644 -8 23
DB:MVL Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-05-04 2,924 634 -356
2019-02-02 2,866 597 -179
2018-11-03 2,736 610 130
2018-08-04 2,502 527 333
2018-05-05 2,441 566 462
2018-02-03 2,409 571 433
2017-10-28 2,360 570 321
2017-07-29 2,367 475 255
2017-04-29 2,360 434 182
2017-01-28 2,301 -358 75
2016-10-29 2,274 -424 185
2016-07-30 2,325 -479 44

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Marvell Technology Group's earnings are expected to grow significantly at over 20% yearly.
  • Marvell Technology Group's revenue is expected to grow by 12.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:MVL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 24 Analyst Estimates (S&P Global) See Below

All data from Marvell Technology Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:MVL Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-01-31 0.72 0.82 0.53 3.00
2021-01-31 0.58 1.25 0.20 15.00
2020-01-31 0.00 0.39 -0.14 13.00
DB:MVL Past Financials Data
Date (Data in USD Millions) EPS *
2019-05-04 -0.56
2019-02-02 -0.30
2018-11-03 0.24
2018-08-04 0.65
2018-05-05 0.93
2018-02-03 0.87
2017-10-28 0.64
2017-07-29 0.50
2017-04-29 0.36
2017-01-28 0.15
2016-10-29 0.36
2016-07-30 0.09

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Marvell Technology Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Marvell Technology Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Marvell Technology Group has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Marvell Technology Group's growth in the last year to its industry (Semiconductor).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Marvell Technology Group does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Marvell Technology Group's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Marvell Technology Group's 1-year growth to the DE Semiconductor industry average as it is not currently profitable.
Earnings and Revenue History
Marvell Technology Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Marvell Technology Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:MVL Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-05-04 2,923.61 -356.16 408.35 1,004.14
2019-02-02 2,865.79 -179.09 370.66 914.01
2018-11-03 2,736.40 130.37 322.28 837.91
2018-08-04 2,501.65 333.47 279.62 738.50
2018-05-05 2,441.09 462.16 245.08 703.08
2018-02-03 2,409.17 433.14 227.87 714.44
2017-10-28 2,360.12 320.85 229.01 709.71
2017-07-29 2,367.47 254.69 229.99 746.65
2017-04-29 2,360.07 181.71 242.23 773.72
2017-01-28 2,300.99 74.82 251.19 805.03
2016-10-29 2,274.18 184.79 244.53 806.24
2016-07-30 2,325.42 43.87 244.23 856.33
2016-04-30 2,438.56 -790.54 230.11 934.03
2016-01-30 2,602.50 -738.44 252.42 954.65
2015-10-31 2,967.12 -733.91 251.52 1,103.69
2015-08-01 3,222.37 -560.85 258.50 1,139.53
2015-05-02 3,473.42 349.96 269.68 1,148.24
2015-01-31 3,637.21 483.79 263.67 1,091.55
2014-11-01 3,781.26 450.78 263.17 1,162.28
2014-08-02 3,782.35 438.63 259.16 1,167.34
2014-05-03 3,627.86 361.59 259.76 1,165.63
2014-02-01 3,404.40 315.32 257.32 1,154.00
2013-11-02 3,247.95 268.34 263.45 1,138.78
2013-08-03 3,097.60 234.00 262.54 1,108.95
2013-05-04 3,106.65 265.25 263.73 1,080.48
2013-02-02 3,168.63 306.59 269.12 1,057.40
2012-10-27 3,136.04 337.15 256.83 1,038.27
2012-07-28 3,305.57 463.46 264.49 1,040.95

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Marvell Technology Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Marvell Technology Group has efficiently used its assets last year compared to the DE Semiconductor industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Marvell Technology Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Marvell Technology Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Semiconductor industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Marvell Technology Group has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Marvell Technology Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Marvell Technology Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Marvell Technology Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Marvell Technology Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Marvell Technology Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Marvell Technology Group Company Filings, last reported 1 month ago.

DB:MVL Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-05-04 7,230.13 1,830.93 571.89
2019-02-02 7,306.41 1,732.70 582.41
2018-11-03 7,575.28 1,805.73 610.26
2018-08-04 7,665.07 1,878.62 523.66
2018-05-05 4,285.51 0.00 1,879.31
2018-02-03 4,141.41 0.00 1,841.27
2017-10-28 4,060.95 0.00 1,732.08
2017-07-29 3,974.10 0.00 1,573.51
2017-04-29 3,961.85 0.00 1,649.41
2017-01-28 4,027.65 0.00 1,668.36
2016-10-29 4,180.49 0.00 1,650.37
2016-07-30 4,159.09 0.00 1,624.01
2016-04-30 4,099.82 0.00 1,615.24
2016-01-30 4,140.12 0.00 2,282.75
2015-10-31 4,111.48 0.00 2,303.75
2015-08-01 4,214.00 0.00 2,337.65
2015-05-02 5,131.27 0.00 2,500.92
2015-01-31 5,146.09 0.00 2,529.56
2014-11-01 5,033.91 0.00 2,402.78
2014-08-02 4,961.53 0.00 2,300.00
2014-05-03 4,769.49 0.00 2,146.45
2014-02-01 4,675.91 0.00 1,969.41
2013-11-02 4,463.22 0.00 1,804.07
2013-08-03 4,392.51 0.00 1,726.20
2013-05-04 4,352.44 0.00 1,732.64
2013-02-02 4,484.60 0.00 1,918.99
2012-10-27 4,676.29 0.00 2,016.80
2012-07-28 4,803.11 0.00 2,134.19
  • Marvell Technology Group's level of debt (23.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 23.3% today).
  • Debt is well covered by operating cash flow (37.6%, greater than 20% of total debt).
  • Marvell Technology Group is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Marvell Technology Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Marvell Technology Group has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.01%
Current annual income from Marvell Technology Group dividends. Estimated to be 1.1% next year.
If you bought €2,000 of Marvell Technology Group shares you are expected to receive €20 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Marvell Technology Group's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.44%).
  • Marvell Technology Group's dividend is below the markets top 25% of dividend payers in Germany (3.91%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:MVL Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 24 Analyst Estimates (S&P Global) See Below
Germany Semiconductor Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:MVL Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-01-31 0.32 5.00
2021-01-31 0.25 11.00
2020-01-31 0.24 11.00
DB:MVL Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-15 0.240 1.065
2018-12-10 0.240 1.367
2018-09-14 0.240 1.398
2018-06-28 0.240 1.149
2018-03-15 0.240 1.119
2017-12-11 0.240 1.053
2017-09-22 0.240 1.227
2017-06-15 0.240 1.444
2017-03-16 0.240 1.514
2016-11-17 0.240 1.611
2016-09-14 0.240 1.850
2016-05-18 0.240 2.222
2016-03-16 0.240 2.380
2015-12-07 0.240 2.711
2015-09-28 0.240 2.690
2015-06-04 0.240 2.031
2015-05-21 0.240 1.723
2015-03-26 0.240 1.646
2015-02-19 0.240 1.500
2014-11-20 0.240 1.594
2014-05-27 0.240 1.747
2014-05-22 0.240 1.525
2013-11-21 0.240 1.598
2013-08-26 0.240 1.967
2013-05-28 0.240 2.018
2013-05-23 0.240 2.119
2013-02-21 0.240 2.287
2012-08-16 0.240 2.724
2012-05-17 0.240 2.069

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Marvell Technology Group has been paying a dividend for less than 10 years.
  • Marvell Technology Group has only been paying a dividend for 7 years, and since then there has been no growth.
Current Payout to shareholders
What portion of Marvell Technology Group's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (5x coverage).
X
Income/ dividend checks
We assess Marvell Technology Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Marvell Technology Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Marvell Technology Group has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Marvell Technology Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Matt Murphy
COMPENSATION $7,166,310
AGE 45
TENURE AS CEO 2.9 years
CEO Bio

Mr. Matthew J. Murphy, also known as Matt, serves as Independent Director at eBay Inc. since March 01, 2019. Mr. Murphy has been the President and Chief Executive Officer of Marvell Technology Group Ltd. since joined it in July 11, 2016. Mr. Murphy is responsible for leading new technology development, directing ongoing operations and driving Marvell's growth strategy. He is Co-Owner of Laura Murphy and Matthew J Murphy Trust. Prior to joining Marvell, he worked for Maxim Integrated, where he advanced through a series of business leadership roles over two decades. He served as an Executive Vice President of Business Units, Sales & Marketing at Maxim Integrated Products, Inc. from May 2015 to July 8, 2016. In that capacity, he had company-wide profit and loss responsibility, lead all product development, sales and field applications, marketing, and central engineering. He served as Senior Vice President of Communications and Automotive Solutions Group at Maxim Integrated Products Inc. from 2011 to May 2015. He served as Senior Vice President of Maxim Integrated Products Inc. since September 2011 to May 2015. He served as Senior Vice President of Communications and Power Solutions Group at Maxim Integrated Products Inc. since 2011. He was responsible for the definition, development and marketing of products and solutions addressing the communications end market of Maxim and was additionally responsible for power-management products and solutions for the computing, communications and industrial end markets. Mr. Murphy served as Senior Vice President of Worldwide Sales and Marketing at Maxim Integrated Products Inc. He served as Vice President of Worldwide Sales and Marketing at Maxim Integrated Products Inc. from 2006 to 2011. Prior to 2006, he served in a variety of business unit management and customer operations roles. He served as Vice President of Maxim Integrated Products Inc. since November 2006. He joined Maxim in July 1994. Prior to managing sales, Mr. Murphy served a variety of product-line management roles including Managing Director of the Interface, Switch and Protection Business Unit, one of the maxim's largest revenue business units. Prior to 1997, he served in a number of business unit and executive management positions at Maxim. He has been a Director of Marvell Technology Group Ltd. since July 11, 2016. He serves on the board of directors of the Global Semiconductor Alliance (GSA), and Semiconductor Industry Association (SIA), where he was elected SIA Board Chair for 2018. Mr. Murphy holds a BA degree in English from Franklin and Marshall College in Lancaster, Pennsylvania and is a graduate of the 2010 Stanford Executive Program.

CEO Compensation
  • Matt's compensation has increased whilst company is loss making.
  • Matt's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Marvell Technology Group management team in years:

2.8
Average Tenure
55
Average Age
  • The tenure for the Marvell Technology Group management team is about average.
Management Team

Matt Murphy

TITLE
President
COMPENSATION
$7M
AGE
45
TENURE
2.9 yrs

Jean Hu

TITLE
Chief Financial Officer
COMPENSATION
$3M
AGE
55
TENURE
2.8 yrs

Mitch Gaynor

TITLE
Executive VP
COMPENSATION
$2M
AGE
58
TENURE
2.1 yrs

Raghib Hussain

TITLE
Executive Vice President of Networking & Processor Group and Chief Strategy Officer
COMPENSATION
$4M
AGE
46
TENURE
1.4 yrs

Bethany Mayer

TITLE
Director
COMPENSATION
$297K
AGE
56
TENURE
1.4 yrs

Sehat Sutardja

TITLE
Co-Founder
COMPENSATION
$378K
AGE
56
TENURE
24.4 yrs

Weili Dai

TITLE
Co-Founder
COMPENSATION
$36K
AGE
56
TENURE
24.4 yrs

Andy Micallef

TITLE
Executive VP & COO
COMPENSATION
$2M
AGE
53
TENURE
3 yrs

Willem Meintjes

TITLE
Principal Accounting Officer
AGE
38
TENURE
1 yrs

Ashish Saran

TITLE
Vice President of Investor Relations
Board of Directors Tenure

Average tenure and age of the Marvell Technology Group board of directors in years:

2.7
Average Tenure
57.5
Average Age
  • The average tenure for the Marvell Technology Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Rick Hill

TITLE
Chairman
COMPENSATION
$358K
AGE
66
TENURE
3.1 yrs

Matt Murphy

TITLE
President
COMPENSATION
$7M
AGE
45
TENURE
2.9 yrs

Oleg Khaykin

TITLE
Director
COMPENSATION
$303K
AGE
53
TENURE
3.1 yrs

Bob Switz

TITLE
Director
COMPENSATION
$299K
AGE
72
TENURE
3.1 yrs

Michael Strachan

TITLE
Independent Director
COMPENSATION
$298K
AGE
69
TENURE
3.1 yrs

William Brown

TITLE
Director
COMPENSATION
$288K
AGE
59
TENURE
2.5 yrs

Bethany Mayer

TITLE
Director
COMPENSATION
$297K
AGE
56
TENURE
1.1 yrs

Donna Morris

TITLE
Director
COMPENSATION
$306K
AGE
50
TENURE
1.1 yrs

Syed Ali

TITLE
Director
COMPENSATION
$248K
AGE
59
TENURE
0.9 yrs

Brad Buss

TITLE
Director
COMPENSATION
$256K
AGE
54
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • Marvell Technology Group insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
16. Apr 19 Sell Mitchell Gaynor Individual 12. Apr 19 12. Apr 19 -10,000 €20.89 €-208,907
14. Feb 19 Sell Starboard Value LP Company 25. Jan 19 13. Feb 19 -9,650,700 €17.30 €-121,631,462
28. Dec 18 Buy Jean Hu Individual 26. Dec 18 26. Dec 18 15,000 €12.86 €192,874
26. Dec 18 Buy Robert Switz Individual 21. Dec 18 21. Dec 18 2,500 €12.98 €32,441
21. Dec 18 Buy Michael Strachan Individual 20. Dec 18 20. Dec 18 10,000 €13.01 €130,071
24. Oct 18 Sell Starboard Value LP Company 08. Oct 18 09. Oct 18 -2,200,000 €16.14 €-35,283,659
24. Oct 18 Buy Starboard Value LP Company 13. Sep 18 11. Oct 18 528,827 €16.32 €8,274,071
X
Management checks
We assess Marvell Technology Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Marvell Technology Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. It offers a range of storage products, including hard disk drive (HDD) and solid-state drive controllers, as well as preamplifiers; supports a variety of host system interfaces consisting of serial attached SCSI (SAS), serial advanced technology attachment (SATA), peripheral component interconnect express, and non-volatile memory express; and develops software-enabled silicon solutions comprising SATA port multipliers, bridges, SATA, SAS, and non-volatile memory express redundant array of independent disks controllers and converged storage processors for enterprises, data centers, and cloud computing businesses. The company also provides networking products, which comprise Ethernet solutions consisting of Ethernet switches, Ethernet physical-layer transceivers, embedded communication processors, and Ethernet adapters and controllers. In addition, it offers a portfolio of connectivity solutions, including Wi-Fi and Wi-Fi/Bluetooth integrated system-on-a-chip (SoC) products, which are integrated into various end devices, such as enterprise access points, home gateways and voice assistants, multimedia devices, gaming products, printers, automotive infotainment and telematics units, and smart industrial devices. Further, the company provides printer SoC products and application processors. It has operations in the United States, China, Malaysia, the Philippines, Thailand, Singapore, India, Israel, Japan, South Korea, Taiwan, and Vietnam. Marvell Technology Group Ltd. has a strategic partnership with Arm for the design and development of Marvell ThunderX server processor technology. The company was founded in 1995 and is headquartered in Hamilton, Bermuda.

Details
Name: Marvell Technology Group Ltd.
MVL
Exchange: DB
Founded: 1995
$14,036,277,493
661,000,000
Website: http://www.marvell.com
Address: Marvell Technology Group Ltd.
Canon's Court,
22 Victoria Street,
Hamilton,
HM 12,
Bermuda
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS MRVL Common Stock Nasdaq Global Select US USD 27. Jun 2000
DB MVL Common Stock Deutsche Boerse AG DE EUR 27. Jun 2000
LSE 0UBI Common Stock London Stock Exchange GB USD 27. Jun 2000
Number of employees
Current staff
Staff numbers
5,275
Marvell Technology Group employees.
Industry
Semiconductors
Semiconductors
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/16 21:25
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/06/06
Last earnings filing: 2019/06/06
Last earnings reported: 2019/05/04
Last annual earnings reported: 2019/02/02


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.