Intrinsic value of MACOM Technology Solutions Holdings - MTSI

Previous Close

$40.78

  Intrinsic Value

$29.38

stock screener

  Rating & Target

sell

-28%

  Value-price divergence*

-155%

Previous close

$40.78

 
Intrinsic value

$29.38

 
Up/down potential

-28%

 
Rating

sell

 
Value-price divergence*

-155%

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

We calculate the intrinsic value of MTSI 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 2016), $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 2.1

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   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

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  29.22
  29.20
  26.78
  24.60
  22.64
  20.88
  19.29
  17.86
  16.57
  15.42
  14.38
  13.44
  12.59
  11.83
  11.15
  10.54
  9.98
  9.48
  9.04
  8.63
  8.27
  7.94
  7.65
  7.38
  7.14
  6.93
  6.74
  6.56
  6.41
  6.27
  6.14
Revenue, $m
  544
  703
  891
  1,110
  1,362
  1,646
  1,963
  2,314
  2,698
  3,114
  3,561
  4,040
  4,549
  5,087
  5,654
  6,250
  6,874
  7,526
  8,206
  8,914
  9,651
  10,418
  11,214
  12,042
  12,903
  13,797
  14,727
  15,693
  16,699
  17,745
  18,835
Variable operating expenses, $m
 
  682
  862
  1,071
  1,311
  1,582
  1,885
  2,220
  2,585
  2,982
  3,409
  3,854
  4,339
  4,853
  5,394
  5,962
  6,557
  7,179
  7,828
  8,504
  9,207
  9,938
  10,698
  11,488
  12,309
  13,162
  14,048
  14,970
  15,930
  16,928
  17,967
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
  531
  682
  862
  1,071
  1,311
  1,582
  1,885
  2,220
  2,585
  2,982
  3,409
  3,854
  4,339
  4,853
  5,394
  5,962
  6,557
  7,179
  7,828
  8,504
  9,207
  9,938
  10,698
  11,488
  12,309
  13,162
  14,048
  14,970
  15,930
  16,928
  17,967
Operating income, $m
  13
  20
  29
  39
  51
  64
  78
  95
  112
  131
  152
  186
  210
  234
  260
  288
  317
  347
  378
  411
  445
  480
  517
  555
  594
  635
  678
  723
  769
  817
  868
EBITDA, $m
  84
  77
  97
  121
  149
  180
  214
  253
  294
  340
  389
  441
  497
  555
  617
  682
  750
  822
  896
  973
  1,054
  1,137
  1,224
  1,315
  1,408
  1,506
  1,608
  1,713
  1,823
  1,937
  2,056
Interest expense (income), $m
  16
  20
  28
  36
  46
  58
  71
  86
  102
  120
  139
  160
  182
  206
  230
  257
  284
  313
  343
  375
  408
  442
  477
  514
  552
  592
  633
  676
  721
  768
  816
Earnings before tax, $m
  -22
  0
  1
  3
  4
  6
  7
  9
  10
  12
  13
  26
  28
  29
  30
  31
  32
  34
  35
  36
  37
  38
  39
  41
  42
  43
  45
  46
  48
  50
  51
Tax expense, $m
  -18
  0
  0
  1
  1
  2
  2
  2
  3
  3
  3
  7
  7
  8
  8
  8
  9
  9
  9
  10
  10
  10
  11
  11
  11
  12
  12
  13
  13
  13
  14
Net income, $m
  1
  0
  1
  2
  3
  4
  5
  6
  7
  8
  9
  19
  20
  21
  22
  23
  24
  24
  25
  26
  27
  28
  29
  30
  31
  32
  33
  34
  35
  36
  37

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  357
  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
  1,189
  1,126
  1,428
  1,779
  2,182
  2,638
  3,147
  3,709
  4,323
  4,990
  5,707
  6,474
  7,289
  8,152
  9,061
  10,016
  11,016
  12,061
  13,150
  14,285
  15,467
  16,695
  17,972
  19,299
  20,678
  22,111
  23,600
  25,149
  26,761
  28,438
  30,184
Adjusted assets (=assets-cash), $m
  832
  1,126
  1,428
  1,779
  2,182
  2,638
  3,147
  3,709
  4,323
  4,990
  5,707
  6,474
  7,289
  8,152
  9,061
  10,016
  11,016
  12,061
  13,150
  14,285
  15,467
  16,695
  17,972
  19,299
  20,678
  22,111
  23,600
  25,149
  26,761
  28,438
  30,184
Revenue / Adjusted assets
  0.654
  0.624
  0.624
  0.624
  0.624
  0.624
  0.624
  0.624
  0.624
  0.624
  0.624
  0.624
  0.624
  0.624
  0.624
  0.624
  0.624
  0.624
  0.624
  0.624
  0.624
  0.624
  0.624
  0.624
  0.624
  0.624
  0.624
  0.624
  0.624
  0.624
  0.624
Average production assets, $m
  344
  443
  562
  701
  859
  1,039
  1,239
  1,460
  1,702
  1,965
  2,247
  2,549
  2,870
  3,210
  3,568
  3,944
  4,337
  4,749
  5,178
  5,625
  6,090
  6,574
  7,076
  7,599
  8,142
  8,706
  9,293
  9,902
  10,537
  11,197
  11,885
Working capital, $m
  521
  221
  280
  349
  428
  517
  617
  727
  847
  978
  1,118
  1,269
  1,428
  1,597
  1,775
  1,962
  2,158
  2,363
  2,577
  2,799
  3,030
  3,271
  3,521
  3,781
  4,052
  4,332
  4,624
  4,928
  5,243
  5,572
  5,914
Total debt, $m
  584
  787
  1,036
  1,326
  1,658
  2,034
  2,454
  2,918
  3,425
  3,975
  4,566
  5,199
  5,872
  6,584
  7,333
  8,121
  8,946
  9,808
  10,707
  11,643
  12,618
  13,631
  14,685
  15,780
  16,917
  18,099
  19,328
  20,606
  21,936
  23,319
  24,760
Total liabilities, $m
  726
  929
  1,178
  1,468
  1,800
  2,176
  2,596
  3,060
  3,567
  4,117
  4,708
  5,341
  6,014
  6,726
  7,475
  8,263
  9,088
  9,950
  10,849
  11,785
  12,760
  13,773
  14,827
  15,922
  17,059
  18,241
  19,470
  20,748
  22,078
  23,461
  24,902
Total equity, $m
  463
  197
  250
  311
  382
  462
  551
  649
  757
  873
  999
  1,133
  1,276
  1,427
  1,586
  1,753
  1,928
  2,111
  2,301
  2,500
  2,707
  2,922
  3,145
  3,377
  3,619
  3,869
  4,130
  4,401
  4,683
  4,977
  5,282
Total liabilities and equity, $m
  1,189
  1,126
  1,428
  1,779
  2,182
  2,638
  3,147
  3,709
  4,324
  4,990
  5,707
  6,474
  7,290
  8,153
  9,061
  10,016
  11,016
  12,061
  13,150
  14,285
  15,467
  16,695
  17,972
  19,299
  20,678
  22,110
  23,600
  25,149
  26,761
  28,438
  30,184
Debt-to-equity ratio
  1.261
  3.990
  4.150
  4.260
  4.340
  4.410
  4.460
  4.500
  4.530
  4.550
  4.570
  4.590
  4.600
  4.610
  4.620
  4.630
  4.640
  4.650
  4.650
  4.660
  4.660
  4.670
  4.670
  4.670
  4.680
  4.680
  4.680
  4.680
  4.680
  4.690
  4.690
Adjusted equity ratio
  0.127
  0.175
  0.175
  0.175
  0.175
  0.175
  0.175
  0.175
  0.175
  0.175
  0.175
  0.175
  0.175
  0.175
  0.175
  0.175
  0.175
  0.175
  0.175
  0.175
  0.175
  0.175
  0.175
  0.175
  0.175
  0.175
  0.175
  0.175
  0.175
  0.175
  0.175

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  1
  0
  1
  2
  3
  4
  5
  6
  7
  8
  9
  19
  20
  21
  22
  23
  24
  24
  25
  26
  27
  28
  29
  30
  31
  32
  33
  34
  35
  36
  37
Depreciation, amort., depletion, $m
  71
  56
  68
  82
  98
  116
  136
  158
  182
  208
  237
  255
  287
  321
  357
  394
  434
  475
  518
  562
  609
  657
  708
  760
  814
  871
  929
  990
  1,054
  1,120
  1,188
Funds from operations, $m
  38
  56
  69
  84
  101
  120
  141
  164
  190
  217
  246
  274
  307
  342
  379
  417
  457
  499
  543
  589
  636
  685
  736
  790
  845
  902
  962
  1,024
  1,089
  1,156
  1,226
Change in working capital, $m
  -41
  50
  59
  69
  79
  89
  100
  110
  120
  131
  141
  150
  160
  169
  178
  187
  196
  205
  214
  222
  231
  241
  250
  260
  270
  281
  292
  304
  316
  329
  342
Cash from operations, $m
  79
  7
  10
  15
  22
  31
  41
  54
  69
  86
  106
  124
  147
  173
  201
  230
  261
  295
  330
  366
  405
  445
  486
  530
  575
  621
  670
  721
  773
  827
  884
Maintenance CAPEX, $m
  0
  -34
  -44
  -56
  -70
  -86
  -104
  -124
  -146
  -170
  -196
  -225
  -255
  -287
  -321
  -357
  -394
  -434
  -475
  -518
  -562
  -609
  -657
  -708
  -760
  -814
  -871
  -929
  -990
  -1,054
  -1,120
New CAPEX, $m
  -32
  -100
  -119
  -138
  -159
  -179
  -200
  -221
  -242
  -262
  -282
  -302
  -321
  -340
  -358
  -376
  -394
  -411
  -429
  -447
  -465
  -484
  -503
  -522
  -543
  -564
  -587
  -610
  -634
  -660
  -687
Cash from investing activities, $m
  -95
  -134
  -163
  -194
  -229
  -265
  -304
  -345
  -388
  -432
  -478
  -527
  -576
  -627
  -679
  -733
  -788
  -845
  -904
  -965
  -1,027
  -1,093
  -1,160
  -1,230
  -1,303
  -1,378
  -1,458
  -1,539
  -1,624
  -1,714
  -1,807
Free cash flow, $m
  -16
  -128
  -153
  -179
  -207
  -234
  -263
  -291
  -319
  -346
  -373
  -403
  -429
  -454
  -478
  -503
  -527
  -550
  -574
  -599
  -623
  -648
  -674
  -700
  -728
  -757
  -787
  -819
  -852
  -887
  -923
Issuance/(repayment) of debt, $m
  234
  210
  249
  290
  332
  376
  420
  464
  507
  550
  592
  633
  673
  712
  750
  788
  825
  862
  899
  937
  975
  1,013
  1,053
  1,095
  1,138
  1,182
  1,229
  1,278
  1,329
  1,383
  1,440
Issuance/(repurchase) of shares, $m
  -5
  44
  52
  59
  67
  76
  84
  92
  100
  108
  116
  115
  123
  130
  137
  144
  151
  158
  165
  172
  180
  187
  195
  203
  211
  219
  228
  237
  247
  257
  268
Cash from financing (excl. dividends), $m  
  227
  254
  301
  349
  399
  452
  504
  556
  607
  658
  708
  748
  796
  842
  887
  932
  976
  1,020
  1,064
  1,109
  1,155
  1,200
  1,248
  1,298
  1,349
  1,401
  1,457
  1,515
  1,576
  1,640
  1,708
Total cash flow (excl. dividends), $m
  211
  126
  148
  170
  193
  217
  241
  265
  288
  312
  335
  345
  367
  388
  409
  429
  450
  470
  490
  510
  531
  552
  574
  597
  620
  644
  670
  697
  725
  754
  785
Retained Cash Flow (-), $m
  -38
  -44
  -53
  -61
  -71
  -80
  -89
  -98
  -108
  -117
  -126
  -134
  -143
  -151
  -159
  -167
  -175
  -183
  -191
  -199
  -207
  -215
  -223
  -232
  -241
  -251
  -261
  -271
  -282
  -293
  -306
Prev. year cash balance distribution, $m
 
  310
  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
 
  392
  95
  109
  123
  137
  152
  166
  181
  195
  209
  211
  224
  237
  250
  262
  275
  287
  299
  312
  324
  337
  351
  364
  379
  394
  409
  426
  443
  461
  480
Discount rate, %
 
  4.50
  4.73
  4.96
  5.21
  5.47
  5.74
  6.03
  6.33
  6.65
  6.98
  7.33
  7.70
  8.08
  8.49
  8.91
  9.36
  9.82
  10.31
  10.83
  11.37
  11.94
  12.54
  13.16
  13.82
  14.51
  15.24
  16.00
  16.80
  17.64
  18.52
PV of cash for distribution, $m
 
  375
  86
  94
  100
  105
  109
  110
  111
  109
  106
  97
  92
  86
  80
  73
  66
  58
  51
  44
  38
  32
  26
  21
  17
  13
  10
  8
  6
  4
  3
Current shareholders' claim on cash, %
  100
  94.1
  89.0
  84.7
  80.9
  77.5
  74.6
  72.0
  69.7
  67.6
  65.7
  64.1
  62.6
  61.2
  60.0
  58.8
  57.7
  56.7
  55.8
  54.9
  54.0
  53.2
  52.5
  51.7
  51.1
  50.4
  49.8
  49.1
  48.6
  48.0
  47.4

MACOM Technology Solutions Holdings, Inc., together with its subsidiaries, designs and manufactures analog RF, microwave, millimeter wave, and photonic semiconductor solutions in the United States, the Asia Pacific, and internationally. The company offers a portfolio of standard and custom devices, which include integrated circuits, multi-chip modules, power pallets and transistors, diodes, amplifiers, switches and switch limiters, passive and active components, and complete subsystems for approximately 40 product lines. Its semiconductor products are electronic components that are incorporated in electronic systems, such as point-to-point wireless backhaul radios, high density networks, active antenna arrays, radars, magnetic resonance imaging systems, and unmanned aerial vehicles. The company serves various market, such as networks, which includes carrier and enterprise infrastructure, wired broadband and cellular backhaul, cellular infrastructure, photonic solutions, and fiber optic applications; aerospace and defense comprising military and commercial radar, RF jammers, electronic countermeasures, and communication data links; and multi-market that consist of industrial, medical, test and measurement, and scientific applications. It sells its products through direct sales force, applications engineering staff, independent sales representatives, resellers, and distributors, as well as an e-commerce channel. MACOM Technology Solutions Holdings, Inc. was incorporated in 2009 and is headquartered in Lowell, Massachusetts.

FINANCIAL RATIOS  of  MACOM Technology Solutions Holdings (MTSI)

Valuation Ratios
P/E Ratio 2189.5
Price to Sales 4
Price to Book 4.7
Price to Tangible Book
Price to Cash Flow 27.7
Price to Free Cash Flow 46.6
Growth Rates
Sales Growth Rate 29.2%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -23.8%
Cap. Spend. - 3 Yr. Gr. Rate 19.7%
Financial Strength
Quick Ratio 51
Current Ratio 0
LT Debt to Equity 124.6%
Total Debt to Equity 126.1%
Interest Coverage 0
Management Effectiveness
Return On Assets 0.4%
Ret/ On Assets - 3 Yr. Avg. 1.8%
Return On Total Capital 0.1%
Ret/ On T. Cap. - 3 Yr. Avg. 1.3%
Return On Equity 0.2%
Return On Equity - 3 Yr. Avg. 3%
Asset Turnover 0.5
Profitability Ratios
Gross Margin 51.8%
Gross Margin - 3 Yr. Avg. 47.4%
EBITDA Margin 11.9%
EBITDA Margin - 3 Yr. Avg. 10.3%
Operating Margin 2.4%
Oper. Margin - 3 Yr. Avg. -1.2%
Pre-Tax Margin -4%
Pre-Tax Margin - 3 Yr. Avg. -6.6%
Net Profit Margin 0.2%
Net Profit Margin - 3 Yr. Avg. 2.5%
Effective Tax Rate 81.8%
Eff/ Tax Rate - 3 Yr. Avg. 60.3%
Payout Ratio 0%

MTSI stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the MTSI stock intrinsic value calculation we used $544 million for the last fiscal year's total revenue generated by MACOM Technology Solutions Holdings. The default revenue input number comes from 2016 income statement of MACOM Technology Solutions Holdings. 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 MTSI stock valuation model: a) initial revenue growth rate of 29.2% 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 4.5%, whose default value for MTSI is calculated based on our internal credit rating of MACOM Technology Solutions Holdings, 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 MACOM Technology Solutions Holdings.
    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 MTSI stock the variable cost ratio is equal to 97.6%.

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 MTSI 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 MACOM Technology Solutions Holdings.

Corporate tax rate of 27% is the nominal tax rate for MACOM Technology Solutions Holdings. 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 MTSI 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 MTSI are equal to 63.1%.

Life of production assets of 10 years is the average useful life of capital assets used in MACOM Technology Solutions Holdings 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 MTSI is equal to 31.4%. 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 - $463 million for MACOM Technology Solutions Holdings - 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 52.26 million for MACOM Technology Solutions Holdings 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 MACOM Technology Solutions Holdings at the current share price and the inputted number of shares is $2.1 billion.

RELATED COMPANIES Price Int.Val. Rating
QRVO Qorvo 71.19 10.03  str.sell
MSCC Microsemi 48.89 19.97  str.sell
SMTC Semtech 36.05 120.94  str.buy
ADI Analog Devices 77.56 157.13  str.buy
SWKS Skyworks Solut 102.21 60.48  sell
ON ON Semiconduct 15.99 11.02  sell
AVGO Broadcom 246.95 1,865.00  str.buy

COMPANY NEWS

▶ MACOM to Participate at Upcoming Financial Conferences   [Aug-15-17 08:00AM  Business Wire]
▶ 6 Small Cap Stocks to Beat This Aging Bull Market   [Aug-09-17 06:00AM  Investopedia]
▶ 3 Reasons Why Nvidia Isn't Priced For Perfection   [Aug-07-17 01:00PM  Barrons.com]
▶ Here's Why Optical Stocks Are Selling Off Today   [12:33PM  Investor's Business Daily]
▶ M/A-Com reports 3Q loss   [Aug-01-17 11:00PM  Associated Press]
▶ Macom Technology's China Outlook Crash Dents Opticals   [07:44PM  Investor's Business Daily]
▶ Macom Sees Gold In Mining The Silver Linings Of Data Clouds   [Jul-28-17 03:55PM  Investor's Business Daily]
▶ Stocks Up Nicely; McDonald's May Have New Trend To Tap   [Jul-07-17 12:11PM  Investor's Business Daily]
▶ As Nvidia, Broadcom Stumble, Can This Chip Stock Build A New Base?   [Jun-29-17 04:12PM  Investor's Business Daily]
▶ Chipmakers Micron, Macom Surge On Price-Target Hikes   [Jun-26-17 04:04PM  Investor's Business Daily]
▶ Chips, cars & retail in the blitz   [02:01PM  CNBC Videos]
▶ Small Caps Lead, But This Dow Industrials Leader Pops 1.5% Higher   [Jun-23-17 12:15PM  Investor's Business Daily]
▶ MACOM to Participate at Upcoming Financial Conferences   [May-24-17 08:00AM  Business Wire]
▶ Nvidia Stock Up On Price-Target Hike; Macom Rated A Buy   [May-18-17 05:08PM  Investor's Business Daily]
▶ Chip Stocks And Semiconductor Industry News   [04:32PM  Investor's Business Daily]
▶ MACOM to Webcast Cloud Data Center Forum on May 16   [May-15-17 09:00AM  Business Wire]
▶ MACOM to Participate at Upcoming Financial Conferences   [May-09-17 08:00AM  Business Wire]
▶ M/A-Com reports 2Q loss   [Apr-25-17 04:52PM  Associated Press]
▶ Dow Up Big, Hasbro Triggers Buy; Will Rite-Aid Fall Back Below $3?   [Apr-24-17 03:40PM  Investor's Business Daily]
▶ Indexes Up Slightly; 2 Trump-Trade Names Set Up Bullishly   [Apr-07-17 03:02PM  Investor's Business Daily]
Stock chart of MTSI Financial statements of MTSI
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.