MARVELL TECHNOLOGY GROUP LTD |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 68.11 USD | -0.83% |
|
+6.72% | +12.93% |
| May. 01 | AMD, Super Micro tumble as earnings fall short of lofty AI expectations | RE |
| Apr. 29 | Marvell Technology, Inc. Announces Board Appointments | CI |
Valuation
| Fiscal Period: February | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 16,238 | 34,458 | 57,910 | 39,742 | 58,380 | 58,983 | - | - |
| Enterprise Value (EV) 1 | 17,029 | 34,903 | 61,844 | 43,323 | 61,595 | 62,046 | 61,801 | 61,042 |
| P/E ratio | 10.3 x | -125 x | -129 x | -245 x | -62.5 x | -168 x | 107 x | 44.4 x |
| Yield | 0.99% | 0.47% | 0.35% | - | - | 0.35% | 0.38% | 0.4% |
| Capitalization / Revenue | 6.02 x | 11.6 x | 13 x | 6.71 x | 10.6 x | 11.1 x | 8.37 x | 6.99 x |
| EV / Revenue | 6.31 x | 11.8 x | 13.9 x | 7.32 x | 11.2 x | 11.7 x | 8.77 x | 7.24 x |
| EV / EBITDA | 24.3 x | 38.1 x | 35.7 x | 18 x | 32.4 x | 35 x | 21.7 x | 16.8 x |
| EV / FCF | 61.2 x | 49.1 x | 95.1 x | 40 x | 59.6 x | 47.6 x | 27.2 x | 21 x |
| FCF Yield | 1.63% | 2.04% | 1.05% | 2.5% | 1.68% | 2.1% | 3.67% | 4.77% |
| Price to Book | 1.88 x | 4.09 x | 3.7 x | - | - | 4.11 x | 4.11 x | 3.88 x |
| Nbr of stocks (in thousands) | 670,700 | 674,198 | 843,800 | 853,200 | 864,500 | 866,000 | - | - |
| Reference price 2 | 24.21 | 51.11 | 68.63 | 46.58 | 67.53 | 68.11 | 68.11 | 68.11 |
| Announcement Date | 3/4/20 | 3/3/21 | 3/3/22 | 3/2/23 | 3/7/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: February | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,699 | 2,969 | 4,462 | 5,920 | 5,508 | 5,319 | 7,047 | 8,436 |
| EBITDA 1 | 700.6 | 916.2 | 1,731 | 2,404 | 1,898 | 1,774 | 2,847 | 3,636 |
| EBIT 1 | 543.9 | 718.3 | 1,465 | 2,099 | 1,599 | 1,473 | 2,508 | 3,223 |
| Operating Margin | 20.15% | 24.19% | 32.84% | 35.47% | 29.03% | 27.7% | 35.59% | 38.21% |
| Earnings before Tax (EBT) 1 | 798.4 | -322.2 | -483.5 | 85.1 | -758.7 | -302.2 | 554.1 | 1,275 |
| Net income 1 | 1,584 | -277.3 | -421 | -163.5 | -933.4 | -420.5 | 459.8 | 1,284 |
| Net margin | 58.7% | -9.34% | -9.44% | -2.76% | -16.95% | -7.91% | 6.52% | 15.22% |
| EPS 2 | 2.340 | -0.4100 | -0.5300 | -0.1900 | -1.080 | -0.4064 | 0.6355 | 1.533 |
| Free Cash Flow 1 | 278.4 | 710.5 | 650 | 1,083 | 1,034 | 1,303 | 2,269 | 2,911 |
| FCF margin | 10.31% | 23.93% | 14.57% | 18.29% | 18.78% | 24.51% | 32.2% | 34.51% |
| FCF Conversion (EBITDA) | 39.73% | 77.55% | 37.55% | 45.03% | 54.47% | 73.47% | 79.72% | 80.08% |
| FCF Conversion (Net income) | 17.57% | - | - | - | - | - | 493.63% | 226.76% |
| Dividend per Share 2 | 0.2400 | 0.2400 | 0.2400 | - | - | 0.2400 | 0.2575 | 0.2750 |
| Announcement Date | 3/4/20 | 3/3/21 | 3/3/22 | 3/2/23 | 3/7/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: February | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 | 2025 Q3 | 2025 Q4 | 2026 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,211 | 1,343 | 1,447 | 1,517 | 1,537 | 1,418 | 1,322 | 1,341 | 1,419 | 1,426 | 1,162 | 1,234 | 1,375 | 1,557 | 1,597 |
| EBITDA 1 | 489.4 | 563.3 | 587.4 | 630.8 | 638.3 | 547.8 | 412.3 | 435.6 | 494.2 | 556.4 | 306.4 | 342.6 | 434.2 | 553 | 553 |
| EBIT 1 | 417.8 | 487 | 511.7 | 553.9 | 563.9 | 469.9 | 333.9 | 360.1 | 422.1 | 482.6 | 265.7 | 309.4 | 394.9 | 496.9 | 525 |
| Operating Margin | 34.5% | 36.26% | 35.37% | 36.52% | 36.68% | 33.13% | 25.26% | 26.86% | 29.75% | 33.83% | 22.88% | 25.07% | 28.71% | 31.91% | 32.87% |
| Earnings before Tax (EBT) 1 | -67.58 | 2.074 | 39.2 | 3.8 | 65.3 | -23.2 | -232.3 | -251.6 | -187.5 | -87.3 | -183.3 | -120.8 | -23.57 | 98.26 | 63.89 |
| Net income 1 | -62.53 | 6.168 | -165.7 | 4.3 | 13.3 | -15.4 | -168.9 | -207.5 | -164.3 | -392.7 | -201.5 | -157.6 | -82 | 8.683 | 19.75 |
| Net margin | -5.16% | 0.46% | -11.45% | 0.28% | 0.87% | -1.09% | -12.78% | -15.47% | -11.58% | -27.53% | -17.35% | -12.78% | -5.96% | 0.56% | 1.24% |
| EPS 2 | -0.0800 | 0.0100 | -0.2000 | 0.0100 | 0.0200 | -0.0200 | -0.2000 | -0.2400 | -0.1900 | -0.4500 | -0.2211 | -0.1710 | -0.0759 | 0.0437 | 0.0767 |
| Dividend per Share 2 | 0.0600 | 0.0600 | 0.0600 | 0.0600 | 0.0600 | - | 0.0600 | - | 0.0600 | - | 0.0600 | 0.0600 | 0.0600 | 0.0600 | 0.0600 |
| Announcement Date | 12/2/21 | 3/3/22 | 5/26/22 | 8/25/22 | 12/1/22 | 3/2/23 | 5/25/23 | 8/24/23 | 11/30/23 | 3/7/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: February | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 791 | 444 | 3,934 | 3,581 | 3,215 | 3,062 | 2,818 | 2,059 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.13 x | 0.485 x | 2.273 x | 1.489 x | 1.693 x | 1.726 x | 0.9897 x | 0.5664 x |
| Free Cash Flow 1 | 278 | 710 | 650 | 1,083 | 1,034 | 1,303 | 2,269 | 2,911 |
| ROE (net income / shareholders' equity) | 5.56% | 7.33% | 10.6% | 11.6% | 8.6% | 8.52% | 13.8% | 18.8% |
| ROA (Net income/ Total Assets) | 4.2% | 5.73% | 7.78% | 8.17% | 5.99% | 7.33% | 10.7% | 12.7% |
| Assets 1 | 37,725 | -4,839 | -5,412 | -2,002 | -15,585 | -5,741 | 4,283 | 10,109 |
| Book Value Per Share 2 | 12.80 | 12.50 | 18.50 | - | - | 16.60 | 16.60 | 17.60 |
| Cash Flow per Share 2 | 0.5300 | 1.220 | 1.030 | 1.510 | 1.590 | 1.900 | 2.920 | 4.080 |
| Capex 1 | 81.9 | 107 | 169 | 206 | 336 | 302 | 324 | 349 |
| Capex / Sales | 3.04% | 3.6% | 3.79% | 3.48% | 6.11% | 5.69% | 4.6% | 4.14% |
| Announcement Date | 3/4/20 | 3/3/21 | 3/3/22 | 3/2/23 | 3/7/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
BUY
Number of Analysts
32
Last Close Price
68.11
USD
Average target price
87.8
USD
Spread / Average Target
+28.92%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +12.93% | 59.48B | |
| +82.57% | 2,229B | |
| +35.24% | 641B | |
| +18.73% | 604B | |
| +4.21% | 250B | |
| +24.84% | 201B | |
| +7.91% | 166B | |
| +39.82% | 132B | |
| -40.30% | 131B | |
| +41.15% | 111B |
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