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MARVELL TECHNOLOGY INC (MRVL) Stock Fundamental Analysis

USA - Nasdaq - NASDAQ:MRVL - US5738741041 - Common Stock

80.23 USD
-2.87 (-3.45%)
Last: 1/23/2026, 8:20:46 PM
80.31 USD
+0.08 (+0.1%)
After Hours: 1/23/2026, 8:20:46 PM
Fundamental Rating

6

Taking everything into account, MRVL scores 6 out of 10 in our fundamental rating. MRVL was compared to 113 industry peers in the Semiconductors & Semiconductor Equipment industry. Both the profitability and the financial health of MRVL get a neutral evaluation. Nothing too spectacular is happening here. MRVL is growing strongly while it is still valued neutral. This is a good combination! This makes MRVL very considerable for growth investing!


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

  • MRVL had positive earnings in the past year.
  • In the past year MRVL had a positive cash flow from operations.
  • MRVL had negative earnings in each of the past 5 years.
  • MRVL had a positive operating cash flow in each of the past 5 years.
MRVL Yearly Net Income VS EBIT VS OCF VS FCFMRVL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M -500M 1B 1.5B

1.2 Ratios

  • With an excellent Return On Assets value of 11.47%, MRVL belongs to the best of the industry, outperforming 84.07% of the companies in the same industry.
  • MRVL has a better Return On Equity (17.60%) than 82.30% of its industry peers.
  • MRVL has a better Return On Invested Capital (4.81%) than 62.83% of its industry peers.
Industry RankSector Rank
ROA 11.47%
ROE 17.6%
ROIC 4.81%
ROA(3y)-3.17%
ROA(5y)-2.8%
ROE(3y)-4.64%
ROE(5y)-3.98%
ROIC(3y)N/A
ROIC(5y)N/A
MRVL Yearly ROA, ROE, ROICMRVL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10

1.3 Margins

  • MRVL's Profit Margin of 31.75% is amongst the best of the industry. MRVL outperforms 91.15% of its industry peers.
  • Looking at the Operating Margin, with a value of 14.72%, MRVL is in the better half of the industry, outperforming 71.68% of the companies in the same industry.
  • MRVL has a Gross Margin of 50.69%. This is in the better half of the industry: MRVL outperforms 64.60% of its industry peers.
  • In the last couple of years the Gross Margin of MRVL has declined.
Industry RankSector Rank
OM 14.72%
PM (TTM) 31.75%
GM 50.69%
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%
MRVL Yearly Profit, Operating, Gross MarginsMRVL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40 60

5

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so MRVL is destroying value.
  • MRVL has about the same amout of shares outstanding than it did 1 year ago.
  • MRVL has more shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, MRVL has a worse debt to assets ratio.
MRVL Yearly Shares OutstandingMRVL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M
MRVL Yearly Total Debt VS Total AssetsMRVL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B

2.2 Solvency

  • MRVL has an Altman-Z score of 6.38. This indicates that MRVL is financially healthy and has little risk of bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 6.38, MRVL is in the better half of the industry, outperforming 61.95% of the companies in the same industry.
  • MRVL has a debt to FCF ratio of 2.83. This is a good value and a sign of high solvency as MRVL would need 2.83 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 2.83, MRVL is in the better half of the industry, outperforming 64.60% of the companies in the same industry.
  • A Debt/Equity ratio of 0.28 indicates that MRVL is not too dependend on debt financing.
  • MRVL has a Debt to Equity ratio (0.28) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.28
Debt/FCF 2.83
Altman-Z 6.38
ROIC/WACC0.45
WACC10.71%
MRVL Yearly LT Debt VS Equity VS FCFMRVL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B 10B 15B

2.3 Liquidity

  • MRVL has a Current Ratio of 2.01. This indicates that MRVL is financially healthy and has no problem in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 2.01, MRVL is doing worse than 74.34% of the companies in the same industry.
  • A Quick Ratio of 1.64 indicates that MRVL should not have too much problems paying its short term obligations.
  • MRVL has a Quick ratio of 1.64. This is in the lower half of the industry: MRVL underperforms 69.03% of its industry peers.
Industry RankSector Rank
Current Ratio 2.01
Quick Ratio 1.64
MRVL Yearly Current Assets VS Current LiabilitesMRVL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

9

3. Growth

3.1 Past

  • MRVL shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 85.31%, which is quite impressive.
  • MRVL shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 18.92% yearly.
  • MRVL shows a strong growth in Revenue. In the last year, the Revenue has grown by 44.95%.
  • Measured over the past years, MRVL shows a quite strong growth in Revenue. The Revenue has been growing by 16.40% on average per year.
EPS 1Y (TTM)85.31%
EPS 3Y0.21%
EPS 5Y18.92%
EPS Q2Q%76.74%
Revenue 1Y (TTM)44.95%
Revenue growth 3Y8.93%
Revenue growth 5Y16.4%
Sales Q2Q%36.83%

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 41.91% on average per year.
  • The Revenue is expected to grow by 24.79% on average over the next years. This is a very strong growth
EPS Next Y83.87%
EPS Next 2Y52.61%
EPS Next 3Y46%
EPS Next 5Y41.91%
Revenue Next Year42.51%
Revenue Next 2Y31.85%
Revenue Next 3Y30.13%
Revenue Next 5Y24.79%

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.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
MRVL Yearly Revenue VS EstimatesMRVL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 5B 10B 15B 20B 25B
MRVL Yearly EPS VS EstimatesMRVL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 5 10 15

6

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 30.28, MRVL can be considered very expensive at the moment.
  • Based on the Price/Earnings ratio, MRVL is valued cheaply inside the industry as 81.42% of the companies are valued more expensively.
  • When comparing the Price/Earnings ratio of MRVL to the average of the S&P500 Index (27.21), we can say MRVL is valued inline with the index average.
  • The Price/Forward Earnings ratio is 21.94, which indicates a rather expensive current valuation of MRVL.
  • 84.07% of the companies in the same industry are more expensive than MRVL, based on the Price/Forward Earnings ratio.
  • MRVL is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 24.26, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 30.28
Fwd PE 21.94
MRVL Price Earnings VS Forward Price EarningsMRVL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

  • 69.03% of the companies in the same industry are more expensive than MRVL, based on the Enterprise Value to EBITDA ratio.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of MRVL indicates a somewhat cheap valuation: MRVL is cheaper than 76.11% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 43.15
EV/EBITDA 29.52
MRVL Per share dataMRVL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

  • The 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 46.00% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.36
PEG (5Y)1.6
EPS Next 2Y52.61%
EPS Next 3Y46%

4

5. Dividend

5.1 Amount

  • With a yearly dividend of 0.30%, MRVL is not a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 0.51, MRVL pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.82, MRVL's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.3%

5.2 History

  • The dividend of MRVL decreases each year by -0.14%.
  • MRVL has been paying a dividend for at least 10 years, so it has 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
MRVL Yearly Dividends per shareMRVL Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.05 0.1 0.15 0.2

5.3 Sustainability

  • MRVL pays out 8.33% of its income as dividend. This is a sustainable payout ratio.
DP8.33%
EPS Next 2Y52.61%
EPS Next 3Y46%
MRVL Yearly Income VS Free CF VS DividendMRVL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M -500M 1B 1.5B
MRVL Dividend Payout.MRVL Dividend Payout, showing the Payout Ratio.MRVL Dividend Payout.PayoutRetained Earnings

MARVELL TECHNOLOGY INC / MRVL FAQ

What is the fundamental rating for MRVL stock?

ChartMill assigns a fundamental rating of 6 / 10 to MRVL.


What is the valuation status for MRVL stock?

ChartMill assigns a valuation rating of 6 / 10 to MARVELL TECHNOLOGY INC (MRVL). This can be considered as Fairly Valued.


Can you provide the profitability details for MARVELL TECHNOLOGY INC?

MARVELL TECHNOLOGY INC (MRVL) has a profitability rating of 5 / 10.


What is the financial health of MARVELL TECHNOLOGY INC (MRVL) stock?

The financial health rating of MARVELL TECHNOLOGY INC (MRVL) is 5 / 10.


Can you provide the dividend sustainability for MRVL stock?

The dividend rating of MARVELL TECHNOLOGY INC (MRVL) is 4 / 10 and the dividend payout ratio is 8.33%.