Intrinsic value of Marvell Technology Group - MRVL

Previous Close

$16.25

  Intrinsic Value

$1.02

stock screener

  Rating & Target

str. sell

-94%

  Value-price divergence*

-123%

Previous close

$16.25

 
Intrinsic value

$1.02

 
Up/down potential

-94%

 
Rating

str. sell

 
Value-price divergence*

-123%

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of MRVL stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2017), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 8.0

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2017(a)
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  -12.50
  2.00
  2.30
  2.57
  2.81
  3.03
  3.23
  3.41
  3.57
  3.71
  3.84
  3.95
  4.06
  4.15
  4.24
  4.31
  4.38
  4.44
  4.50
  4.55
  4.59
  4.64
  4.67
  4.70
  4.73
  4.76
  4.78
  4.81
  4.83
  4.84
  4.86
Revenue, $m
  2,318
  2,364
  2,419
  2,481
  2,551
  2,628
  2,713
  2,805
  2,905
  3,013
  3,129
  3,252
  3,384
  3,525
  3,674
  3,833
  4,001
  4,179
  4,367
  4,565
  4,775
  4,996
  5,230
  5,476
  5,735
  6,008
  6,295
  6,598
  6,916
  7,251
  7,604
Variable operating expenses, $m
 
  3,053
  3,119
  3,194
  3,278
  3,371
  3,474
  3,585
  3,706
  3,836
  3,975
  3,924
  4,084
  4,253
  4,433
  4,625
  4,827
  5,042
  5,269
  5,508
  5,761
  6,028
  6,310
  6,607
  6,920
  7,249
  7,596
  7,961
  8,345
  8,749
  9,175
Fixed operating expenses, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  2,218
  3,053
  3,119
  3,194
  3,278
  3,371
  3,474
  3,585
  3,706
  3,836
  3,975
  3,924
  4,084
  4,253
  4,433
  4,625
  4,827
  5,042
  5,269
  5,508
  5,761
  6,028
  6,310
  6,607
  6,920
  7,249
  7,596
  7,961
  8,345
  8,749
  9,175
Operating income, $m
  100
  -689
  -700
  -713
  -727
  -743
  -761
  -780
  -800
  -823
  -847
  -672
  -699
  -728
  -759
  -792
  -827
  -863
  -902
  -943
  -986
  -1,032
  -1,080
  -1,131
  -1,185
  -1,241
  -1,301
  -1,363
  -1,429
  -1,498
  -1,571
EBITDA, $m
  219
  -471
  -482
  -495
  -508
  -524
  -541
  -559
  -579
  -601
  -624
  -648
  -675
  -703
  -732
  -764
  -798
  -833
  -870
  -910
  -952
  -996
  -1,043
  -1,092
  -1,143
  -1,198
  -1,255
  -1,315
  -1,379
  -1,446
  -1,516
Interest expense (income), $m
  0
  1
  1
  1
  2
  3
  3
  4
  5
  6
  7
  8
  9
  10
  11
  13
  14
  16
  17
  19
  21
  23
  25
  27
  29
  31
  34
  36
  39
  42
  45
Earnings before tax, $m
  117
  -689
  -701
  -714
  -729
  -746
  -764
  -784
  -805
  -829
  -853
  -680
  -708
  -738
  -770
  -805
  -841
  -879
  -919
  -962
  -1,007
  -1,055
  -1,105
  -1,158
  -1,214
  -1,273
  -1,334
  -1,400
  -1,468
  -1,540
  -1,616
Tax expense, $m
  73
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Net income, $m
  21
  -689
  -701
  -714
  -729
  -746
  -764
  -784
  -805
  -829
  -853
  -680
  -708
  -738
  -770
  -805
  -841
  -879
  -919
  -962
  -1,007
  -1,055
  -1,105
  -1,158
  -1,214
  -1,273
  -1,334
  -1,400
  -1,468
  -1,540
  -1,616

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  1,668
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  4,649
  3,039
  3,109
  3,189
  3,279
  3,378
  3,487
  3,606
  3,734
  3,873
  4,021
  4,180
  4,350
  4,531
  4,723
  4,926
  5,142
  5,371
  5,613
  5,868
  6,137
  6,422
  6,722
  7,038
  7,371
  7,722
  8,092
  8,481
  8,890
  9,321
  9,773
Adjusted assets (=assets-cash), $m
  2,981
  3,039
  3,109
  3,189
  3,279
  3,378
  3,487
  3,606
  3,734
  3,873
  4,021
  4,180
  4,350
  4,531
  4,723
  4,926
  5,142
  5,371
  5,613
  5,868
  6,137
  6,422
  6,722
  7,038
  7,371
  7,722
  8,092
  8,481
  8,890
  9,321
  9,773
Revenue / Adjusted assets
  0.778
  0.778
  0.778
  0.778
  0.778
  0.778
  0.778
  0.778
  0.778
  0.778
  0.778
  0.778
  0.778
  0.778
  0.778
  0.778
  0.778
  0.778
  0.778
  0.778
  0.778
  0.778
  0.778
  0.778
  0.778
  0.778
  0.778
  0.778
  0.778
  0.778
  0.778
Average production assets, $m
  329
  336
  343
  352
  362
  373
  385
  398
  413
  428
  444
  462
  481
  501
  522
  544
  568
  593
  620
  648
  678
  709
  743
  778
  814
  853
  894
  937
  982
  1,030
  1,080
Working capital, $m
  1,784
  142
  145
  149
  153
  158
  163
  168
  174
  181
  188
  195
  203
  211
  220
  230
  240
  251
  262
  274
  286
  300
  314
  329
  344
  360
  378
  396
  415
  435
  456
Total debt, $m
  37
  27
  41
  57
  75
  95
  117
  141
  167
  194
  224
  256
  290
  327
  365
  406
  450
  496
  544
  595
  650
  707
  767
  831
  898
  968
  1,042
  1,121
  1,203
  1,289
  1,380
Total liabilities, $m
  621
  611
  625
  641
  659
  679
  701
  725
  751
  778
  808
  840
  874
  911
  949
  990
  1,034
  1,080
  1,128
  1,179
  1,234
  1,291
  1,351
  1,415
  1,482
  1,552
  1,626
  1,705
  1,787
  1,873
  1,964
Total equity, $m
  4,028
  2,428
  2,484
  2,548
  2,620
  2,699
  2,786
  2,881
  2,984
  3,094
  3,213
  3,340
  3,476
  3,620
  3,773
  3,936
  4,109
  4,291
  4,484
  4,688
  4,904
  5,131
  5,371
  5,624
  5,890
  6,170
  6,465
  6,776
  7,103
  7,447
  7,809
Total liabilities and equity, $m
  4,649
  3,039
  3,109
  3,189
  3,279
  3,378
  3,487
  3,606
  3,735
  3,872
  4,021
  4,180
  4,350
  4,531
  4,722
  4,926
  5,143
  5,371
  5,612
  5,867
  6,138
  6,422
  6,722
  7,039
  7,372
  7,722
  8,091
  8,481
  8,890
  9,320
  9,773
Debt-to-equity ratio
  0.009
  0.010
  0.020
  0.020
  0.030
  0.040
  0.040
  0.050
  0.060
  0.060
  0.070
  0.080
  0.080
  0.090
  0.100
  0.100
  0.110
  0.120
  0.120
  0.130
  0.130
  0.140
  0.140
  0.150
  0.150
  0.160
  0.160
  0.170
  0.170
  0.170
  0.180
Adjusted equity ratio
  0.792
  0.799
  0.799
  0.799
  0.799
  0.799
  0.799
  0.799
  0.799
  0.799
  0.799
  0.799
  0.799
  0.799
  0.799
  0.799
  0.799
  0.799
  0.799
  0.799
  0.799
  0.799
  0.799
  0.799
  0.799
  0.799
  0.799
  0.799
  0.799
  0.799
  0.799

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  21
  -689
  -701
  -714
  -729
  -746
  -764
  -784
  -805
  -829
  -853
  -680
  -708
  -738
  -770
  -805
  -841
  -879
  -919
  -962
  -1,007
  -1,055
  -1,105
  -1,158
  -1,214
  -1,273
  -1,334
  -1,400
  -1,468
  -1,540
  -1,616
Depreciation, amort., depletion, $m
  119
  217
  218
  218
  219
  219
  220
  221
  221
  222
  223
  24
  25
  26
  27
  28
  29
  30
  32
  33
  35
  36
  38
  40
  42
  44
  46
  48
  50
  53
  55
Funds from operations, $m
  -1,067
  -472
  -483
  -496
  -510
  -527
  -544
  -563
  -584
  -606
  -630
  -656
  -684
  -713
  -744
  -777
  -812
  -849
  -888
  -929
  -973
  -1,019
  -1,067
  -1,118
  -1,172
  -1,229
  -1,289
  -1,352
  -1,418
  -1,488
  -1,561
Change in working capital, $m
  -709
  3
  3
  4
  4
  5
  5
  6
  6
  6
  7
  7
  8
  8
  9
  10
  10
  11
  11
  12
  13
  13
  14
  15
  16
  16
  17
  18
  19
  20
  21
Cash from operations, $m
  -358
  -475
  -486
  -500
  -515
  -531
  -549
  -569
  -590
  -613
  -637
  -664
  -692
  -721
  -753
  -786
  -822
  -859
  -899
  -941
  -985
  -1,032
  -1,081
  -1,133
  -1,188
  -1,245
  -1,306
  -1,370
  -1,437
  -1,508
  -1,582
Maintenance CAPEX, $m
  0
  -17
  -17
  -18
  -18
  -18
  -19
  -20
  -20
  -21
  -22
  -23
  -24
  -25
  -26
  -27
  -28
  -29
  -30
  -32
  -33
  -35
  -36
  -38
  -40
  -42
  -44
  -46
  -48
  -50
  -53
New CAPEX, $m
  -55
  -7
  -8
  -9
  -10
  -11
  -12
  -13
  -14
  -15
  -16
  -18
  -19
  -20
  -21
  -23
  -24
  -25
  -27
  -28
  -30
  -31
  -33
  -35
  -37
  -39
  -41
  -43
  -45
  -48
  -50
Cash from investing activities, $m
  162
  -24
  -25
  -27
  -28
  -29
  -31
  -33
  -34
  -36
  -38
  -41
  -43
  -45
  -47
  -50
  -52
  -54
  -57
  -60
  -63
  -66
  -69
  -73
  -77
  -81
  -85
  -89
  -93
  -98
  -103
Free cash flow, $m
  -196
  -499
  -511
  -526
  -543
  -561
  -580
  -602
  -625
  -649
  -676
  -704
  -734
  -766
  -800
  -835
  -873
  -914
  -956
  -1,001
  -1,048
  -1,098
  -1,151
  -1,206
  -1,264
  -1,326
  -1,390
  -1,458
  -1,530
  -1,605
  -1,685
Issuance/(repayment) of debt, $m
  0
  12
  14
  16
  18
  20
  22
  24
  26
  28
  30
  32
  34
  36
  39
  41
  43
  46
  49
  51
  54
  57
  60
  64
  67
  71
  74
  78
  82
  87
  91
Issuance/(repurchase) of shares, $m
  -107
  735
  757
  778
  801
  825
  851
  879
  908
  939
  972
  807
  844
  883
  924
  967
  1,013
  1,062
  1,113
  1,166
  1,223
  1,282
  1,345
  1,411
  1,480
  1,553
  1,630
  1,710
  1,795
  1,884
  1,978
Cash from financing (excl. dividends), $m  
  -145
  747
  771
  794
  819
  845
  873
  903
  934
  967
  1,002
  839
  878
  919
  963
  1,008
  1,056
  1,108
  1,162
  1,217
  1,277
  1,339
  1,405
  1,475
  1,547
  1,624
  1,704
  1,788
  1,877
  1,971
  2,069
Total cash flow (excl. dividends), $m
  -342
  249
  260
  268
  276
  285
  293
  301
  309
  318
  326
  135
  144
  153
  163
  173
  183
  194
  205
  217
  229
  241
  255
  268
  283
  298
  314
  330
  347
  365
  384
Retained Cash Flow (-), $m
  112
  -735
  -757
  -778
  -801
  -825
  -851
  -879
  -908
  -939
  -972
  -807
  -844
  -883
  -924
  -967
  -1,013
  -1,062
  -1,113
  -1,166
  -1,223
  -1,282
  -1,345
  -1,411
  -1,480
  -1,553
  -1,630
  -1,710
  -1,795
  -1,884
  -1,978
Prev. year cash balance distribution, $m
 
  1,646
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  1,159
  -497
  -510
  -525
  -541
  -558
  -578
  -599
  -621
  -646
  -672
  -700
  -729
  -761
  -795
  -830
  -868
  -907
  -950
  -994
  -1,041
  -1,090
  -1,142
  -1,197
  -1,255
  -1,316
  -1,380
  -1,448
  -1,519
  -1,594
Discount rate, %
 
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
 
  1,111
  -455
  -444
  -432
  -419
  -405
  -390
  -374
  -357
  -339
  -319
  -299
  -277
  -255
  -233
  -211
  -189
  -167
  -146
  -126
  -108
  -90
  -75
  -61
  -49
  -38
  -30
  -22
  -17
  -12
Current shareholders' claim on cash, %
  100
  86.6
  74.9
  64.7
  55.9
  48.3
  41.7
  36.0
  31.1
  26.9
  23.2
  20.6
  18.3
  16.2
  14.4
  12.8
  11.3
  10.0
  8.9
  7.8
  6.9
  6.1
  5.4
  4.8
  4.2
  3.7
  3.3
  2.9
  2.6
  2.3
  2.0

Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. It offers a range of storage products, such as hard disk drive (HDD) and solid-state drive controllers, as well as HDD components, such as HDD preamps and motor combo drivers; and develops software enabled silicon solutions consisting of serial advanced technology attachment port multipliers, bridges, statistical analysis system, and non-volatile memory express redundant array of independent disks controllers and converged storage processors for enterprise, data centers, and cloud computing businesses. The company also provides networking products comprising Ethernet solutions; embedded communication processors; and network processors. In addition, it offers mobile and wireless products comprising communications and applications processors; connectivity solutions, including Wi-Fi, Bluetooth, global positioning system, and ZigBee, which are integrated into a variety of end devices, such as gaming devices, printers, enterprise solutions, video dongles tablets, in-car infotainment, and smart appliances; and mobile computing products. Further, the company provides printer system-on-a-chip products, as well as custom printer application-specific integrated circuits; and smart home products that are designed to enable the next generation of connected consumer platforms, and to enhance the eco-friendly ¬ĎConnected Lifestyle¬í throughout the home, including platforms for set-top boxes, video dongles, and smart appliances. It operates in the United States, China, Thailand, Malaysia, the Philippines, India, Israel, Italy, Japan, Singapore, South Korea, Spain, Switzerland, and Taiwan. Marvell Technology Group Ltd. was founded in 1995 and is headquartered in Hamilton, Bermuda.

FINANCIAL RATIOS  of  Marvell Technology Group (MRVL)

Valuation Ratios
P/E Ratio 391.6
Price to Sales 3.5
Price to Book 2
Price to Tangible Book
Price to Cash Flow -23
Price to Free Cash Flow -19.9
Growth Rates
Sales Growth Rate -12.5%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -1.8%
Cap. Spend. - 3 Yr. Gr. Rate -8.1%
Financial Strength
Quick Ratio 76
Current Ratio 0.1
LT Debt to Equity 0.4%
Total Debt to Equity 0.9%
Interest Coverage 0
Management Effectiveness
Return On Assets 0.4%
Ret/ On Assets - 3 Yr. Avg. -2.1%
Return On Total Capital 0.5%
Ret/ On T. Cap. - 3 Yr. Avg. -2.7%
Return On Equity 0.5%
Return On Equity - 3 Yr. Avg. -2.7%
Asset Turnover 0.5
Profitability Ratios
Gross Margin 55.6%
Gross Margin - 3 Yr. Avg. 50.7%
EBITDA Margin 10.2%
EBITDA Margin - 3 Yr. Avg. 0.8%
Operating Margin 4.3%
Oper. Margin - 3 Yr. Avg. -4.1%
Pre-Tax Margin 5%
Pre-Tax Margin - 3 Yr. Avg. -3.5%
Net Profit Margin 0.9%
Net Profit Margin - 3 Yr. Avg. -5.9%
Effective Tax Rate 62.4%
Eff/ Tax Rate - 3 Yr. Avg. 20%
Payout Ratio 581%

MRVL stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the MRVL stock intrinsic value calculation we used $2318 million for the last fiscal year's total revenue generated by Marvell Technology Group. The default revenue input number comes from 2017 income statement of Marvell Technology Group. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our MRVL stock valuation model: a) initial revenue growth rate of 2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for MRVL is calculated based on our internal credit rating of Marvell Technology Group, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Marvell Technology Group.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of MRVL stock the variable cost ratio is equal to 129.3%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for MRVL stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 3.5% for Marvell Technology Group.

Corporate tax rate of 27% is the nominal tax rate for Marvell Technology Group. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the MRVL stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for MRVL are equal to 14.2%.

Life of production assets of 19.6 years is the average useful life of capital assets used in Marvell Technology Group operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for MRVL is equal to 6%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $4028 million for Marvell Technology Group - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 494.664 million for Marvell Technology Group is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Marvell Technology Group at the current share price and the inputted number of shares is $8.0 billion.

RELATED COMPANIES Price Int.Val. Rating
QCOM Qualcomm 53.84 49.78  hold
TXN Texas Instrume 81.70 77.91  hold
CAVM Cavium 66.57 43.86  sell
INTC Intel 34.73 37.95  hold
SIMO Silicon Motion 42.67 79.30  str.buy
NVDA NVIDIA 168.10 627.50  str.buy
AVGO Broadcom 253.11 1,865.00  str.buy

COMPANY NEWS

▶ 3 "Internet of Things" Stocks to Buy Now   [Jul-06-17 06:27PM  Zacks]
▶ Netflix Price Target Hiked, Nvidia Upgraded, Nike PT Lowered   [Jun-20-17 04:27PM  Investor's Business Daily]
▶ Chip Stock With 132% EPS Growth Tests Support, Gets Rating Upgrade   [Jun-16-17 05:27PM  Investor's Business Daily]
▶ [$$] Synaptics Deal Lets Marvell Focus   [03:06PM  Barrons.com]
▶ San Jose-based Apple supplier buys 2 businesses for $438M   [Jun-12-17 07:03PM  American City Business Journals]
▶ 3 "Internet of Things" Stocks to Buy Now   [Jun-05-17 06:10PM  Zacks]
▶ 3 Stocks Set for Higher Highs   [Jun-02-17 04:35PM  Zacks]
▶ Chip Stocks And Semiconductor Industry News   [Jun-01-17 10:37AM  Investor's Business Daily]
▶ Which Stocks Are Showing Rising Relative Strength?   [03:30PM  Investor's Business Daily]
▶ Chip Stock With 700% Growth Is Re-Testing Buy Zone   [02:57PM  Investor's Business Daily]
▶ Company News for May 30, 2017   [10:15AM  Zacks]
▶ Marvell Technology Group Ltd. Proved Its Mettle in Q1   [May-27-17 01:00PM  Motley Fool]
▶ How Marvell Won on Earnings   [May-26-17 10:05AM  24/7 Wall St.]
▶ Marvell beats Street 1Q forecasts   [May-25-17 04:23PM  Associated Press]
▶ Tech Pre-Earnings Coverage for the Week Ending May 26   [May-23-17 07:40AM  Market Realist]
▶ [$$] Marvell Turnaround May Lift Stock 40% in a Year   [Apr-06-17 07:38AM  Barrons.com]
▶ Chip Industry's Boom Cycle Remains in Full Swing   [Apr-05-17 08:31PM  TheStreet.com]
▶ 3 "Internet of Things" Stocks to Buy Now   [Apr-04-17 05:46PM  Zacks]
▶ Why Marvell Technology Stock Can Run Higher   [Mar-22-17 10:21AM  Motley Fool]
▶ Stocks Off; Do These 7 Chip Leaders Deserve Spot On Your Watch List?   [Mar-20-17 03:30PM  Investor's Business Daily]
▶ Marvell Present An Interesting Oppurtunity   [Mar-10-17 02:19PM  at Investopedia]
▶ Marvell Shares Rise on Q4 Beat: What Wall Street's Saying   [Mar-03-17 01:08PM  at TheStreet]
▶ [$$] Marvell Technology: It's a Start   [01:03PM  at Barrons.com]
▶ Jim Cramer -- Marvell Is 'Nothing but Net'   [10:07AM  at TheStreet]
▶ Marvell reports 4Q loss   [04:30PM  AP]
Stock chart of MRVL Financial statements of MRVL Annual reports of MRVL
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

FREE DOWNLOAD
Follow us on:   twitter   twitter   twitter   twitter

VALUATION THEORY       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2017. All rigths reserved.