MARVELL TECHNOLOGY INC (MRVL) Stock Fundamental Analysis
USA - NASDAQ:MRVL - US5738741041 - Common Stock
87.52 USD
-1.81 (-2.03%)
87.52 USD
0 (0%)
Taking everything into account, MRVL scores 5 out of 10 in our fundamental rating. MRVL was compared to 112 industry peers in the Semiconductors & Semiconductor Equipment industry. The financial health of MRVL is average, but there are quite some concerns on its profitability. MRVL is growing strongly while it is still valued neutral. This is a good combination!
1. Profitability
1.1 Basic Checks
MRVL had positive earnings in the past year.
MRVL had a positive operating cash flow in the past year.
MRVL had negative earnings in each of the past 5 years.
Each year in the past 5 years MRVL had a positive operating cash flow.
1.2 Ratios
With a Return On Assets value of -0.50%, MRVL perfoms like the industry average, outperforming 47.32% of the companies in the same industry.
MRVL has a Return On Equity of -0.77%. This is comparable to the rest of the industry: MRVL outperforms 47.32% of its industry peers.
Looking at the Return On Invested Capital, with a value of 1.89%, MRVL is in line with its industry, outperforming 54.46% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.5% | ||
| ROE | -0.77% | ||
| ROIC | 1.89% |
ROA(3y)-3.17%
ROA(5y)-2.8%
ROE(3y)-4.64%
ROE(5y)-3.98%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
MRVL has a Operating Margin of 6.02%. This is comparable to the rest of the industry: MRVL outperforms 58.04% of its industry peers.
MRVL has a Gross Margin of 44.64%. This is comparable to the rest of the industry: MRVL outperforms 50.89% of its industry peers.
MRVL's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.02% | ||
| PM (TTM) | N/A | ||
| GM | 44.64% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-3.69%
GM growth 5Y-3.85%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), MRVL is destroying value.
The number of shares outstanding for MRVL remains at a similar level compared to 1 year ago.
Compared to 5 years ago, MRVL has more shares outstanding
The debt/assets ratio for MRVL is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 6.94 indicates that MRVL is not in any danger for bankruptcy at the moment.
MRVL has a Altman-Z score of 6.94. This is in the better half of the industry: MRVL outperforms 64.29% of its industry peers.
MRVL has a debt to FCF ratio of 2.92. This is a good value and a sign of high solvency as MRVL would need 2.92 years to pay back of all of its debts.
MRVL has a Debt to FCF ratio of 2.92. This is in the better half of the industry: MRVL outperforms 63.39% of its industry peers.
A Debt/Equity ratio of 0.30 indicates that MRVL is not too dependend on debt financing.
With a Debt to Equity ratio value of 0.30, MRVL perfoms like the industry average, outperforming 41.96% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.3 | ||
| Debt/FCF | 2.92 | ||
| Altman-Z | 6.94 |
ROIC/WACC0.18
WACC10.61%
2.3 Liquidity
MRVL has a Current Ratio of 1.88. This is a normal value and indicates that MRVL is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.88, MRVL is doing worse than 75.00% of the companies in the same industry.
A Quick Ratio of 1.44 indicates that MRVL should not have too much problems paying its short term obligations.
MRVL has a worse Quick ratio (1.44) than 74.11% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.88 | ||
| Quick Ratio | 1.44 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 64.54% over the past year.
MRVL shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 18.92% yearly.
Looking at the last year, MRVL shows a very strong growth in Revenue. The Revenue has grown by 37.05%.
The Revenue has been growing by 16.40% on average over the past years. This is quite good.
EPS 1Y (TTM)64.54%
EPS 3Y0.21%
EPS 5Y18.92%
EPS Q2Q%123.33%
Revenue 1Y (TTM)37.05%
Revenue growth 3Y8.93%
Revenue growth 5Y16.4%
Sales Q2Q%57.6%
3.2 Future
Based on estimates for the next years, MRVL will show a very strong growth in Earnings Per Share. The EPS will grow by 35.15% on average per year.
MRVL is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 22.76% yearly.
EPS Next Y82.15%
EPS Next 2Y47.87%
EPS Next 3Y39.42%
EPS Next 5Y35.15%
Revenue Next Year41.63%
Revenue Next 2Y28.39%
Revenue Next 3Y24.94%
Revenue Next 5Y22.76%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 37.72, MRVL can be considered very expensive at the moment.
66.96% of the companies in the same industry are more expensive than MRVL, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 25.91. MRVL is valued slightly more expensive when compared to this.
MRVL is valuated quite expensively with a Price/Forward Earnings ratio of 25.50.
66.07% of the companies in the same industry are more expensive than MRVL, based on the Price/Forward Earnings ratio.
MRVL is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 34.57, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.72 | ||
| Fwd PE | 25.5 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as MRVL.
66.07% of the companies in the same industry are more expensive than MRVL, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 49.31 | ||
| EV/EBITDA | 45.59 |
4.3 Compensation for Growth
MRVL's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
MRVL's earnings are expected to grow with 39.42% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.46
PEG (5Y)1.99
EPS Next 2Y47.87%
EPS Next 3Y39.42%
5. Dividend
5.1 Amount
MRVL has a yearly dividend return of 0.26%, which is pretty low.
Compared to an average industry Dividend Yield of 2.16, MRVL pays a bit more dividend than its industry peers.
With a Dividend Yield of 0.26, MRVL pays less dividend than the S&P500 average, which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.26% |
5.2 History
The dividend of MRVL decreases each year by -0.14%.
MRVL has paid a dividend for at least 10 years, which is a reliable track record.
MRVL has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-0.14%
Div Incr Years0
Div Non Decr Years3
5.3 Sustainability
MRVL has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-200.48%
EPS Next 2Y47.87%
EPS Next 3Y39.42%
87.52
-1.81 (-2.03%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners85.57%
Inst Owner Change0.76%
Ins Owners0.18%
Ins Owner Change0.52%
Market Cap75.45B
Revenue(TTM)7.23B
Net Income(TTM)-103.40M
Analysts79.17
Price Target91.51 (4.56%)
Short Float %4.23%
Short Ratio1.64
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.26% |
Yearly Dividend0.24
Dividend Growth(5Y)-0.14%
DP-200.48%
Div Incr Years0
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.3%
Min EPS beat(2)-0.87%
Max EPS beat(2)0.27%
EPS beat(4)2
Avg EPS beat(4)0.68%
Min EPS beat(4)-0.87%
Max EPS beat(4)3.57%
EPS beat(8)3
Avg EPS beat(8)-0.71%
EPS beat(12)5
Avg EPS beat(12)-0.84%
EPS beat(16)7
Avg EPS beat(16)-0.04%
Revenue beat(2)0
Avg Revenue beat(2)-1.59%
Min Revenue beat(2)-2.09%
Max Revenue beat(2)-1.08%
Revenue beat(4)1
Avg Revenue beat(4)-0.46%
Min Revenue beat(4)-2.09%
Max Revenue beat(4)2.09%
Revenue beat(8)1
Avg Revenue beat(8)-0.9%
Revenue beat(12)1
Avg Revenue beat(12)-1.03%
Revenue beat(16)2
Avg Revenue beat(16)-0.76%
PT rev (1m)3.11%
PT rev (3m)-1%
EPS NQ rev (1m)0.05%
EPS NQ rev (3m)1.68%
EPS NY rev (1m)0.13%
EPS NY rev (3m)0.01%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.5%
Revenue NY rev (1m)0.01%
Revenue NY rev (3m)-1.38%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.72 | ||
| Fwd PE | 25.5 | ||
| P/S | 10.43 | ||
| P/FCF | 49.31 | ||
| P/OCF | 40.9 | ||
| P/B | 5.62 | ||
| P/tB | 495.41 | ||
| EV/EBITDA | 45.59 |
EPS(TTM)2.32
EY2.65%
EPS(NY)3.43
Fwd EY3.92%
FCF(TTM)1.77
FCFY2.03%
OCF(TTM)2.14
OCFY2.45%
SpS8.39
BVpS15.57
TBVpS0.18
PEG (NY)0.46
PEG (5Y)1.99
Graham Number28.51
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.5% | ||
| ROE | -0.77% | ||
| ROCE | 2.39% | ||
| ROIC | 1.89% | ||
| ROICexc | 2.03% | ||
| ROICexgc | 9.31% | ||
| OM | 6.02% | ||
| PM (TTM) | N/A | ||
| GM | 44.64% | ||
| FCFM | 21.15% |
ROA(3y)-3.17%
ROA(5y)-2.8%
ROE(3y)-4.64%
ROE(5y)-3.98%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-3.69%
GM growth 5Y-3.85%
F-Score8
Asset Turnover0.35
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.3 | ||
| Debt/FCF | 2.92 | ||
| Debt/EBITDA | 2.25 | ||
| Cap/Depr | 23.75% | ||
| Cap/Sales | 4.35% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 104.79% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.88 | ||
| Quick Ratio | 1.44 | ||
| Altman-Z | 6.94 |
F-Score8
WACC10.61%
ROIC/WACC0.18
Cap/Depr(3y)20.72%
Cap/Depr(5y)19.16%
Cap/Sales(3y)5.03%
Cap/Sales(5y)4.66%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)64.54%
EPS 3Y0.21%
EPS 5Y18.92%
EPS Q2Q%123.33%
EPS Next Y82.15%
EPS Next 2Y47.87%
EPS Next 3Y39.42%
EPS Next 5Y35.15%
Revenue 1Y (TTM)37.05%
Revenue growth 3Y8.93%
Revenue growth 5Y16.4%
Sales Q2Q%57.6%
Revenue Next Year41.63%
Revenue Next 2Y28.39%
Revenue Next 3Y24.94%
Revenue Next 5Y22.76%
EBIT growth 1Y210.2%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year90.07%
EBIT Next 3Y36.52%
EBIT Next 5Y34.57%
FCF growth 1Y99.78%
FCF growth 3Y30.02%
FCF growth 5Y38.4%
OCF growth 1Y70.28%
OCF growth 3Y27.07%
OCF growth 5Y36.08%
MARVELL TECHNOLOGY INC / MRVL FAQ
What is the fundamental rating for MRVL stock?
ChartMill assigns a fundamental rating of 5 / 10 to MRVL.
What is the valuation status of MARVELL TECHNOLOGY INC (MRVL) stock?
ChartMill assigns a valuation rating of 5 / 10 to MARVELL TECHNOLOGY INC (MRVL). This can be considered as Fairly Valued.
What is the profitability of MRVL stock?
MARVELL TECHNOLOGY INC (MRVL) has a profitability rating of 3 / 10.
How financially healthy is MARVELL TECHNOLOGY INC?
The financial health rating of MARVELL TECHNOLOGY INC (MRVL) is 5 / 10.
Is the dividend of MARVELL TECHNOLOGY INC sustainable?
The dividend rating of MARVELL TECHNOLOGY INC (MRVL) is 3 / 10 and the dividend payout ratio is -200.48%.