MaxLinear, Inc.

NasdaqGS:MXL Stock Report

Market Cap: US$1.6b

MaxLinear Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • 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 MXL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MXL ($19.07) is trading below our estimate of fair value ($57.4)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for MXL. This is calculated by dividing MXL's market cap by their current revenue.
What is MXL's PS Ratio?
PS Ratio4.1x
SalesUS$393.71m
Market CapUS$1.62b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for MXL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.1x
HIMX Himax Technologies
1.5x9.3%US$1.3b
SIMO Silicon Motion Technology
2.2x7.5%US$1.8b
SYNA Synaptics
3x10.5%US$2.9b
AOSL Alpha and Omega Semiconductor
1.7x6.8%US$1.1b
MXL MaxLinear
4.1x16.2%US$1.6b

Price-To-Sales vs Peers: MXL is expensive based on its Price-To-Sales Ratio (4.1x) compared to the peer average (2.1x).

Price to Sales Ratio vs Industry

How does MXL's PS Ratio compare vs other companies in the US Semiconductor Industry?

19 CompaniesPrice / SalesEstimated GrowthMarket Cap
UCTT Ultra Clean Holdings
0.8x10.5%US$1.58b
JKS JinkoSolar Holding
0.09x9.6%US$1.28b
DQ Daqo New Energy
0.9x24.0%US$1.15b
PENG Penguin Solutions
0.8x11.9%US$978.40m
MXL 4.1xIndustry Avg. 4.0xNo. of Companies19PS03.67.210.814.418+
19 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: MXL is expensive based on its Price-To-Sales Ratio (4.1x) compared to the US Semiconductor industry average (4x).

Price to Sales Ratio vs Fair Ratio

What is MXL'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.

MXL PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio4.1x
Fair PS Ratio4.3x

Price-To-Sales vs Fair Ratio: MXL is good value based on its Price-To-Sales Ratio (4.1x) compared to the estimated Fair Price-To-Sales Ratio (4.3x).

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 MXL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$19.07
US$20.10
+5.4%
25.0%US$28.00US$14.00n/a10
Dec ’25US$15.13
US$19.50
+28.9%
22.4%US$26.00US$14.00n/a10
Nov ’25US$13.47
US$20.11
+49.3%
20.8%US$26.00US$15.00n/a9
Oct ’25US$12.73
US$20.11
+58.0%
25.4%US$28.00US$12.00n/a9
Sep ’25US$15.18
US$21.33
+40.5%
23.7%US$28.00US$12.00n/a9
Aug ’25US$13.46
US$22.33
+65.9%
17.3%US$28.00US$17.00n/a9
Jul ’25US$21.28
US$22.73
+6.8%
17.7%US$30.00US$18.00n/a11
Jun ’25US$17.77
US$22.73
+27.9%
17.7%US$30.00US$18.00n/a11
May ’25US$19.00
US$22.73
+19.6%
17.7%US$30.00US$18.00n/a11
Apr ’25US$19.03
US$20.73
+8.9%
16.2%US$26.00US$15.00n/a11
Mar ’25US$20.30
US$20.73
+2.1%
16.2%US$26.00US$15.00n/a11
Feb ’25US$18.52
US$20.73
+11.9%
16.2%US$26.00US$15.00n/a11
Jan ’25US$23.77
US$23.55
-0.9%
20.6%US$35.00US$18.00n/a11
Dec ’24US$18.99
US$23.45
+23.5%
20.9%US$35.00US$18.00US$15.1311
Nov ’24US$15.28
US$23.45
+53.5%
20.9%US$35.00US$18.00US$13.4711
Oct ’24US$22.25
US$32.73
+47.1%
19.9%US$45.00US$25.00US$12.7311
Sep ’24US$24.09
US$32.73
+35.9%
19.9%US$45.00US$25.00US$15.1811
Aug ’24US$24.51
US$32.73
+33.5%
19.9%US$45.00US$25.00US$13.4611
Jul ’24US$31.56
US$37.55
+19.0%
16.7%US$50.00US$25.00US$21.2811
Jun ’24US$28.53
US$37.55
+31.6%
16.7%US$50.00US$25.00US$17.7711
May ’24US$24.53
US$37.18
+51.6%
18.3%US$50.00US$25.00US$19.0011
Apr ’24US$35.21
US$47.36
+34.5%
16.8%US$60.00US$30.00US$19.0311
Mar ’24US$34.67
US$47.36
+36.6%
16.8%US$60.00US$30.00US$20.3011
Feb ’24US$43.24
US$49.40
+14.2%
12.3%US$60.00US$35.00US$18.5210
Jan ’24US$33.95
US$49.00
+44.3%
13.0%US$60.00US$35.00US$23.7710
Dec ’23US$36.64
US$49.00
+33.7%
13.0%US$60.00US$35.00US$18.9910

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 Analysis2024/12/20 23:22
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