Marvell Technology Group Ltd. designs, develops, and sells analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits.
Fair value with mediocre balance sheet.
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.
7 Day Return
1 Year Return
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.
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
Is Marvell Technology Group undervalued compared to its fair value and its price relative to the market?
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).
How is Marvell Technology Group forecast to perform in the next 1 to 3 years based on estimates from 25 analysts?
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%).
How has Marvell Technology Group performed over the past 5 years?
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.
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 ($1.8B).
Debt to Equity History and Analysis
Debt Level: MVL's debt to equity ratio (15.2%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if MVL's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: MVL's debt is well covered by operating cash flow (28.6%).
Interest Coverage: Insufficient data to determine if MVL's interest payments on its debt are well covered by EBIT.
What is Marvell Technology Group's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MVL's dividend (0.74%) isn’t notable compared to the bottom 25% of dividend payers in the German market (1.29%).
High Dividend: MVL's dividend (0.74%) is low compared to the top 25% of dividend payers in the German market (3.86%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, MVL has been paying a dividend for less than 10 years.
Growing Dividend: MVL has only been paying a dividend for 8 years, and since then payments have not increased.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (10.5%), MVL's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MVL's dividends in 3 years are forecast to be well covered by earnings (20.3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Matt Murphy (46yo)
Mr. Matthew J. Murphy, also known as Matt, serves as Independent Director at eBay Inc. since March 15, 2019. Mr. Murphy has been the President and Chief Executive Officer of Marvell Technology Group Ltd. s ...
CEO Compensation Analysis
Compensation vs Market: Matt's total compensation ($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.
|Chief Financial Officer||3.75yrs||US$2.82m||0.020% $4.0m|
|Chief Administration & Legal Officer and Secretary||3yrs||US$1.99m||0.015% $2.9m|
|Chief Strategy Officer||2.33yrs||US$4.04m||0.11% $21.5m|
|Executive VP & COO||3.92yrs||US$2.11m||0.017% $3.3m|
|Chief Accounting Officer||1.92yrs||no data||0.0043% $843.3k|
Experienced Management: MVL's management team is considered experienced (3.4 years average tenure).
|Independent Director||4yrs||US$299.49k||0.0069% $1.3m|
|Independent Chairman||4yrs||US$357.59k||0.0098% $1.9m|
|Independent Director||3.42yrs||US$287.59k||0.0015% $296.7k|
|Independent Director||2yrs||US$305.71k||0.0025% $490.0k|
|Independent Director||1.83yrs||US$255.63k||0.0083% $1.6m|
|Independent Director||1.83yrs||US$252.71k||0.0045% $870.6k|
|Independent Director||4yrs||US$302.59k||0.0035% $687.1k|
|Independent Director||4yrs||US$297.62k||0.0075% $1.5m|
Experienced Board: MVL's board of directors are considered experienced (3.6 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Marvell Technology Group Ltd.'s company bio, employee growth, exchange listings and data sources
- 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
- Marvell Technology Group Ltd.
- Canon's Court
- 22 Victoria Street
- HM 12
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MRVL||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Jun 2000|
|MVL||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jun 2000|
|0UBI||LSE (London Stock Exchange)||Yes||Common Stock||GB||USD||Jun 2000|
|MRVL N||BMV (Bolsa Mexicana de Valores)||Yes||Common Stock||MX||MXN||Jun 2000|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/30 23:38|
|End of Day Share Price||2020/05/29 00:00|
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.