| Intrinsic Valuation of: MRVL | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | -1 | Market Cap | $66B | |||||
| 2021 | - | - (-) | P/E Ratio | - | Total Asset | $20B | |||||
| 2022 | $632M | - (-) | Net Income | $-885M | Total Debt | $4B | |||||
| 2023 | $1B | 69.4% (27.7%) | EBITDA | $652M | Total Liab | $7B | |||||
| 2024 | $1B | -4.8% (2.3%) | Opr Margin | -0.06 | Debt/Equity | 0.29 | |||||
| 2025 | $1B | 36.2% (30.1%) | PreTax Margin | -9.64 | BV/Share | -1 | |||||
| 5Y Average FCF | $1B | 33.6% (20.0%) | |||||||||
| Overall Market Assumptions: | |||||||||||
| Assumptions: | P/E for No-Growth Company: | 7.0 | |||||||||
| Perpetual Growth Rate (g): | 2.5% | Historical US Bond Yield: | 4.4% | ||||||||
| Discount Rate (WACC): | 7.4% | Current US Bond Yield: | 3.5% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (25.0%) | ||||||||||
| 2026 | $2B | MBG Intrinsic Value | $-5 | ||||||||
| 2027 | $2B | ||||||||||
| 2028 | $3B | ||||||||||
| 2029 | $3B | ||||||||||
| 2030 | $4B | ||||||||||
| 2031 | $5B | ||||||||||
| Terminal Value | $110B | Net Worth/Share | $16 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $86B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $948M | $97 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $4B | WACC | 7.3% | 84 | 91 | 99 | 109 | 122 | |||
| Equity Value | $83B | 7.4% | 83 | 90 | 98 | 108 | 121 | ||||
| Shares Outstanding | 862,200,000 | 7.4% | 82 | 89 | 97 | 107 | 119 | ||||
| 7.9% | 75 | 80 | 87 | 94 | 104 | ||||||
| DCF Intrinsic Value | $97 | 8.4% | 68 | 73 | 78 | 85 | 92 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||