ASE Technology Holding Co., Ltd. (ASX) vs Marvell Technology, Inc. (MRVL)

ASE Technology Holding Co., Ltd. and Marvell Technology, Inc. are both Semiconductors companies. Marvell Technology, Inc. is the larger, with a market value of $232.1B against $96.9B — 2.4× the size. ASE Technology Holding Co., Ltd. trades at the lower P/E: 50.0× against 85.3×. Marvell Technology, Inc. grew revenue faster over the last twelve months: 30.6% against 19.5%. Marvell Technology, Inc. has the higher net margin (27.9% vs 8.44%) and the lower return on invested capital (4.99% vs 8.05%). Both pay a dividend; ASE Technology Holding Co., Ltd. yields more (3.67% vs 0.34%). Across the 22 metrics below, Marvell Technology, Inc. leads on 13 and ASE Technology Holding Co., Ltd. on 9.

Valuation

Metric ASX MRVL Semiconductors median
P/E 49.97 85.32 49.41
P/S 4.41 24.87 8.58
P/B 8.53 12.68 5.49
Price to free cash flow n/m 136.44 47.02
EV/EBITDA 22.90 83.82 30.78
EV/Sales 4.59 25.04 8.79
Earnings yield 2.00% 1.17% 0.62%
Free cash flow yield (1.33%) 0.73% 0.59%

Profitability

Metric ASX MRVL Semiconductors median
Gross margin 19.47% 52.21% 52.25%
Operating margin 9.85% 16.52% 4.85%
Net margin 8.44% 27.93% 4.77%
Free cash flow margin (5.21%) 18.23% 8.65%
Return on equity 0.00% 16.52% 3.11%
Return on assets 6.52% 10.97% 1.91%
Return on invested capital 8.05% 4.99% 2.46%

Growth

Metric ASX MRVL Semiconductors median
Revenue growth (TTM) 19.52% 30.62% 16.66%
EPS growth (last fiscal year) 26.67% 400.98% —
Revenue growth, 5-year CAGR 3.91% 22.51% 5.60%
Net income growth, 5-year CAGR 5.84% 0.00% 0.00%

Health

Metric ASX MRVL Semiconductors median
Debt to equity 0.56 0.27 0.05
Current ratio 1.07 3.17 3.35
Net debt to EBITDA 1.01 0.70 0.58

Dividend

Metric ASX MRVL Semiconductors median
Dividend yield 3.67% 0.34% 1.93%
Payout ratio 0.86 — 0.00

Size

Metric ASX MRVL Semiconductors median
Market cap 96.92b 232.09b 5.67b

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