NYSE:MXL

Stock Analysis Report

Executive Summary

MaxLinear, Inc. provides radio-frequency (RF), high-performance analog, and mixed-signal communications systems-on-chip solutions (SoCs) for the connected home, wired and wireless infrastructure, and industrial and multi-market applications worldwide.

Snowflake

Fundamentals

Mediocre balance sheet with concerning outlook.


Similar Companies

Share Price & News

How has MaxLinear's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

1.6%

NYSE:MXL

0.4%

US Semiconductor

0.8%

US Market


1 Year Return

17.8%

NYSE:MXL

10.7%

US Semiconductor

1.9%

US Market

MXL outperformed the Semiconductor industry which returned 11.3% over the past year.

MXL outperformed the Market in United States of America which returned 2.1% over the past year.


Share holder returns

MXLIndustryMarket
7 Day1.6%0.4%0.8%
30 Day10.5%7.8%3.4%
90 Day-1.5%12.6%2.1%
1 Year17.8%17.8%12.7%10.7%4.2%1.9%
3 Year14.6%14.6%84.2%73.5%46.7%37.2%
5 Year214.5%214.5%124.2%101.4%62.3%44.5%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

3.95x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

MaxLinear's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

MaxLinear's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

MaxLinear is loss making, we can't compare its value to the US Semiconductor industry average.

MaxLinear is loss making, we can't compare the value of its earnings to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for MaxLinear, we can't assess if its growth is good value.


Price Based on Value of Assets

MaxLinear is overvalued based on assets compared to the US Semiconductor industry average.


Next Steps

Future Growth

How is MaxLinear expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

55.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

MaxLinear's revenue is expected to grow by 7.8% yearly, however this is not considered high growth (20% yearly).

MaxLinear is not considered high growth as it is expected to be loss making for the next 1-3 years.

MaxLinear's revenue growth is expected to exceed the United States of America market average.

Unable to compare MaxLinear's earnings growth to the United States of America market average as it is expected to be loss making during the next 1-3 years.

Unable to compare MaxLinear's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.


Earnings per Share Growth Estimates


Future Return on Equity

MaxLinear is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has MaxLinear performed over the past 5 years?

-7.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

MaxLinear does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare MaxLinear's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare MaxLinear's 1-year growth to the US Semiconductor industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if MaxLinear has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if MaxLinear has efficiently used its assets last year compared to the US Semiconductor industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if MaxLinear improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is MaxLinear's financial position?


Financial Position Analysis

MaxLinear is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

MaxLinear's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

MaxLinear's level of debt (55%) compared to net worth is high (greater than 40%).

Unable to establish if MaxLinear's debt level has increased without past 5-year debt data.


Balance Sheet

Low level of unsold assets.

Debt is not covered by short term assets, assets are 0.8x debt.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Whilst loss making MaxLinear has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.

Whilst loss making MaxLinear has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 5.8% per year.


Next Steps

Dividend

What is MaxLinear's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate MaxLinear's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate MaxLinear's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as MaxLinear has not reported any payouts.

Unable to verify if MaxLinear's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as MaxLinear has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

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

5.7yrs

Average management tenure


CEO

Kishore Seendripu (50yo)

16yrs

Tenure

US$4,104,632

Compensation

Dr. Kishore Seendripu is a co-founder and has served as Chairman, President, and Chief Executive Officer of MaxLinear, Inc. since inception in September 2003 and also serves as a director. From July 1998  ...


CEO Compensation Analysis

Kishore's remuneration is about average for companies of similar size in United States of America.

Kishore's compensation has increased whilst company is loss making.


Management Age and Tenure

5.7yrs

Average Tenure

50.5yo

Average Age

The average tenure for the MaxLinear management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

7.1yrs

Average Tenure

63.5yo

Average Age

The tenure for the MaxLinear board of directors is about average.


Insider Trading

MaxLinear individual insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$313,80509 Sep 19
Brendan Walsh
EntityIndividual
Shares15,000
Max PriceUS$20.92
SellUS$51,87206 Sep 19
Connie Kwong
EntityIndividual
Role
Member of the Board of Directors
Corporate Controller & Principal Accounting Officer
Shares2,500
Max PriceUS$20.75
SellUS$888,78920 Aug 19
William Torgerson
EntityIndividual
Role
Other Key Executive
VP & GM of Broadband Group
Shares43,000
Max PriceUS$21.00
SellUS$436,57510 Aug 19
Kishore Seendripu
EntityIndividual
Role
Chief Executive Officer
Co-Founder
Shares21,000
Max PriceUS$20.96
SellUS$752,33201 Aug 19
Michael Lachance
EntityIndividual
Role
Chief Operating Officer
Vice President of Operations
Shares34,332
Max PriceUS$22.03
SellUS$76,55113 Jun 19
Michael Lachance
EntityIndividual
Role
Chief Operating Officer
Vice President of Operations
Shares3,495
Max PriceUS$21.90
SellUS$789,53522 May 19
Michael Lachance
EntityIndividual
Role
Chief Operating Officer
Vice President of Operations
Shares36,470
Max PriceUS$21.65
SellUS$45,41911 Feb 19
Connie Kwong
EntityIndividual
Role
Member of the Board of Directors
Corporate Controller & Principal Accounting Officer
Shares2,093
Max PriceUS$21.70
SellUS$245,12807 Dec 18
William Torgerson
EntityIndividual
Role
Other Key Executive
VP & GM of Broadband Group
Shares12,500
Max PriceUS$19.61
SellUS$141,55604 Dec 18
Michael Lachance
EntityIndividual
Role
Chief Operating Officer
Vice President of Operations
Shares6,885
Max PriceUS$20.56
SellUS$9,78529 Nov 18
William Torgerson
EntityIndividual
Role
Other Key Executive
VP & GM of Broadband Group
Shares500
Max PriceUS$19.57

Ownership Breakdown


Management Team

  • Mike Bollesen (51yo)

    Vice President of Sales

    • Tenure: 1.2yrs
    • Compensation: US$1.61m
  • Steve Litchfield (50yo)

    CFO & Chief Corporate Strategy Officer

    • Tenure: 1.2yrs
    • Compensation: US$3.76m
  • Kishore Seendripu (50yo)

    Co-Founder

    • Tenure: 16yrs
    • Compensation: US$4.10m
  • Madhukar Reddy (50yo)

    Vice President of Central Engineering

    • Tenure: 12.8yrs
    • Compensation: US$1.37m
  • Curtis Ling (54yo)

    Co-Founder & CTO

    • Tenure: 0yrs
    • Compensation: US$961.56k
  • Kathi Guiney

    Vice President of Human Resources

    • Tenure: 7.8yrs
  • Michael Lachance (59yo)

    Vice President of Operations

    • Tenure: 7.8yrs
    • Compensation: US$1.94m
  • Will Torgerson (51yo)

    VP & GM of Broadband Group

    • Tenure: 3.6yrs
    • Compensation: US$1.25m
  • Connie Kwong (40yo)

    Corporate Controller & Principal Accounting Officer

    • Tenure: 3.6yrs
  • Brian Nugent

    Head-Investor Relations

    • Tenure: 0yrs

Board Members

  • Don Schrock (73yo)

    Independent Director

    • Tenure: 9.9yrs
    • Compensation: US$237.50k
  • Bert Moyer (75yo)

    Independent Director

    • Tenure: 9.9yrs
    • Compensation: US$250.00k
  • Tom Pardun (75yo)

    Lead Director

    • Tenure: 9.8yrs
    • Compensation: US$272.50k
  • Dan Artusi (64yo)

    Director

    • Tenure: 0.8yrs
    • Compensation: US$240.53k
  • Carolyn Beaver (61yo)

    Director

    • Tenure: 0.8yrs
    • Compensation: US$238.25k
  • Ted Tewksbury (63yo)

    Independent Director

    • Tenure: 4.3yrs
    • Compensation: US$239.58k
  • Kishore Seendripu (50yo)

    Co-Founder

    • Tenure: 16yrs
    • Compensation: US$4.10m
  • Connie Kwong (40yo)

    Corporate Controller & Principal Accounting Officer

    • Tenure: 3.6yrs

Company Information

MaxLinear, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: MaxLinear, Inc.
  • Ticker: MXL
  • Exchange: NYSE
  • Founded: 2003
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: US$1.624b
  • Shares outstanding: 71.22m
  • Website: https://www.maxlinear.com

Number of Employees


Location

  • MaxLinear, Inc.
  • 5966 La Place Court
  • Suite 100
  • Carlsbad
  • California
  • 92008
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MXLNYSE (New York Stock Exchange)YesCommon StockUSUSDMar 2010
JMXDB (Deutsche Boerse AG)YesCommon StockDEEURMar 2010

Biography

MaxLinear, Inc. provides radio-frequency (RF), high-performance analog, and mixed-signal communications systems-on-chip solutions (SoCs) for the connected home, wired and wireless infrastructure, and indus ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/18 00:49
End of Day Share Price2019/09/17 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.