| Intrinsic Valuation of: MRVL | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2021 | - | - | EPS (FY) | 3 | Market Cap | $155B | |||||
| 2022 | - | - (-) | P/E Ratio | 57 | Total Asset | $22B | |||||
| 2023 | $1B | - (-) | Net Income | $3B | Total Debt | $4B | |||||
| 2024 | $1B | -4.8% (2.3%) | EBITDA | $5B | Total Liab | $8B | |||||
| 2025 | $1B | 36.2% (30.1%) | Opr Margin | 16.33 | Debt/Equity | 0.28 | |||||
| 2026 | $1B | 0.2% (-29.5%) | PreTax Margin | 13.86 | BV/Share | 1 | |||||
| 5Y Average FCF | $1B | 12.2% (1.0%) | |||||||||
| Overall Market Assumptions: | |||||||||||
| Assumptions: | P/E for No-Growth Company: | 7.0 | |||||||||
| Perpetual Growth Rate (g): | 2.48% | Historical US Bond Yield: | 4.40% | ||||||||
| Discount Rate (WACC): | 14.00% | Current US Bond Yield: | 3.48% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (12.2%) | ||||||||||
| 2027 | $2B | MBG Intrinsic Value | $28 | ||||||||
| 2028 | $2B | ||||||||||
| 2029 | $2B | ||||||||||
| 2030 | $2B | ||||||||||
| 2031 | $2B | ||||||||||
| 2032 | $2B | ||||||||||
| Terminal Value | $18B | Net Worth/Share | $16 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $15B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $3B | $16 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $4B | WACC | 12.0% | 18 | 19 | 20 | 20 | 21 | |||
| Equity Value | $14B | 12.5% | 17 | 18 | 18 | 19 | 20 | ||||
| Shares Outstanding | 875,553,173 | 13.0% | 16 | 17 | 18 | 18 | 19 | ||||
| 13.5% | 16 | 16 | 17 | 17 | 18 | ||||||
| DCF Intrinsic Value | $16 | 14.0% | 15 | 15 | 16 | 16 | 17 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||