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MRVL

Marvell Technology NasdaqGS:MRVL Stock Report

Last Price

US$55.01

Market Cap

US$49.6b

7D

4.7%

1Y

23.6%

Updated

18 May, 2022

Data

Company Financials +
MRVL fundamental analysis
Snowflake Score
Valuation2/6
Future Growth5/6
Past Performance0/6
Financial Health2/6
Dividends0/6

MRVL Stock Overview

Marvell Technology, Inc., together with its subsidiaries, designs, develops, and sells analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits.

Marvell Technology Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Marvell Technology
Historical stock prices
Current Share PriceUS$55.01
52 Week HighUS$93.85
52 Week LowUS$41.25
Beta1.27
1 Month Change-10.89%
3 Month Change-18.56%
1 Year Change23.59%
3 Year Change143.41%
5 Year Change227.83%
Change since IPO288.59%

Recent News & Updates

May 16

Marvell: Well Positioned For Long-Term Performance

Marvell is a semiconductor company with application-specific expertise in some of the fastest-growing industries. Marvell stands to benefit from the global multi-year strategic shift towards automotive, cloud/data centers, and 5G – also implying exposure to the metaverse story. In the past year, MRVL management not only delivered robust financial performance but also guided the Street with a bullish long-term outlook. In this article, I use a residual earnings framework to value MRVL's fair share price at $75.97/share, implying a 41.3% upside potential.

Apr 29
Marvell Technology (NASDAQ:MRVL) Is Carrying A Fair Bit Of Debt

Marvell Technology (NASDAQ:MRVL) Is Carrying A Fair Bit Of Debt

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...

Shareholder Returns

MRVLUS SemiconductorUS Market
7D4.7%3.4%0.5%
1Y23.6%1.9%-11.5%

Return vs Industry: MRVL exceeded the US Semiconductor industry which returned 9.5% over the past year.

Return vs Market: MRVL exceeded the US Market which returned -8.1% over the past year.

Price Volatility

Is MRVL's price volatile compared to industry and market?
MRVL volatility
MRVL Average Weekly Movement9.2%
Semiconductor Industry Average Movement8.7%
Market Average Movement7.9%
10% most volatile stocks in US Market17.0%
10% least volatile stocks in US Market3.0%

Stable Share Price: MRVL is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: MRVL's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19956,712Matt Murphyhttps://www.marvell.com

Marvell Technology, Inc., together with its subsidiaries, 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; ASIC; and printer System-on-a-Chip 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.

Marvell Technology Fundamentals Summary

How do Marvell Technology's earnings and revenue compare to its market cap?
MRVL fundamental statistics
Market CapUS$49.58b
Earnings (TTM)-US$421.03m
Revenue (TTM)US$4.46b

10.5x

P/S Ratio

-111.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MRVL income statement (TTM)
RevenueUS$4.46b
Cost of RevenueUS$2.20b
Gross ProfitUS$2.26b
Other ExpensesUS$2.68b
Earnings-US$421.03m

Last Reported Earnings

Jan 29, 2022

Next Earnings Date

May 26, 2022

Earnings per share (EPS)-0.49
Gross Margin50.60%
Net Profit Margin-9.44%
Debt/Equity Ratio29.0%

How did MRVL perform over the long term?

See historical performance and comparison

Dividends

0.4%

Current Dividend Yield

-45%

Payout Ratio

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


7.0%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: MRVL ($55.01) is trading below our estimate of fair value ($59.18)

Significantly Below Fair Value: MRVL is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: MRVL is unprofitable, so we can't compare its PE Ratio to the US Semiconductor industry average.

PE vs Market: MRVL is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MRVL's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MRVL is good value based on its PB Ratio (3x) compared to the US Semiconductor industry average (3.5x).


Future Growth

How is Marvell Technology forecast to perform in the next 1 to 3 years based on estimates from 29 analysts?

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


73.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MRVL is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).

Earnings vs Market: MRVL is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: MRVL's is expected to become profitable in the next 3 years.

Revenue vs Market: MRVL's revenue (20.5% per year) is forecast to grow faster than the US market (7.8% per year).

High Growth Revenue: MRVL's revenue (20.5% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MRVL's Return on Equity is forecast to be low in 3 years time (16.3%).


Past Performance

How has Marvell Technology performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-6.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MRVL is currently unprofitable.

Growing Profit Margin: MRVL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MRVL is unprofitable, and losses have increased over the past 5 years at a rate of 6.3% per year.

Accelerating Growth: Unable to compare MRVL's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MRVL is unprofitable, making it difficult to compare its past year earnings growth to the Semiconductor industry (70.5%).


Return on Equity

High ROE: MRVL has a negative Return on Equity (-2.68%), as it is currently unprofitable.


Financial Health

How is Marvell Technology's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: MRVL's short term assets ($2.5B) exceed its short term liabilities ($1.4B).

Long Term Liabilities: MRVL's short term assets ($2.5B) do not cover its long term liabilities ($5.0B).


Debt to Equity History and Analysis

Debt Level: MRVL's net debt to equity ratio (25.1%) is considered satisfactory.

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

Debt Coverage: MRVL's debt is not well covered by operating cash flow (18%).

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


Balance Sheet


Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


0.44%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: MRVL's dividend (0.44%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.51%).

High Dividend: MRVL's dividend (0.44%) is low compared to the top 25% of dividend payers in the US market (3.97%).


Stability and Growth of Payments

Stable Dividend: MRVL is not paying a notable dividend for the US market, therefore no need to check if payments are stable.

Growing Dividend: MRVL is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.


Earnings Payout to Shareholders

Earnings Coverage: MRVL is not paying a notable dividend for the US market.


Cash Payout to Shareholders

Cash Flow Coverage: MRVL is not paying a notable dividend for the US market.


Next Steps

Management

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

5.3yrs

Average management tenure


CEO

Matt Murphy (48 yo)

5.83yrs

Tenure

US$15,510,223

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, Inc. since...


CEO Compensation Analysis

Compensation vs Market: Matt's total compensation ($USD15.51M) is about average for companies of similar size in the US market ($USD13.27M).

Compensation vs Earnings: Matt's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: MRVL's management team is seasoned and experienced (5.3 years average tenure).


Board Members

Experienced Board: MRVL's board of directors are considered experienced (4 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.3%.


Top Shareholders

Company Information

Marvell Technology, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Marvell Technology, Inc.
  • Ticker: MRVL
  • Exchange: NasdaqGS
  • Founded: 1995
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Implied Market Cap: US$49.578b
  • Shares outstanding: 850.69m
  • Website: https://www.marvell.com

Number of Employees


Location

  • Marvell Technology, Inc.
  • 1000 North West Street
  • Suite 1200
  • Wilmington
  • Delaware
  • 19801
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/18 00:00
End of Day Share Price2022/05/18 00:00
Earnings2022/01/29
Annual Earnings2022/01/29


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.