Broadcom Inc. (AVGO) vs Marvell Technology, Inc. (MRVL)

Broadcom Inc. and Marvell Technology, Inc. are both Semiconductors companies. Broadcom Inc. is the larger, with a market value of $1.70T against $232.1B — 7.3× the size. Broadcom Inc. trades at the lower P/E: 43.8× against 85.3×. Broadcom Inc. grew revenue faster over the last twelve months: 48.7% against 30.6%. Broadcom Inc. has the higher net margin (42.9% vs 27.9%) and the higher return on invested capital (19.8% vs 4.99%). Both pay a dividend; Broadcom Inc. yields more (1.64% vs 0.34%). Across the 23 metrics below, Broadcom Inc. leads on 17 and Marvell Technology, Inc. on 6.

Valuation

Metric AVGO MRVL Semiconductors median
P/E 43.82 85.32 49.41
P/S 18.89 24.87 8.58
P/B 16.88 12.68 5.49
Price to free cash flow 42.72 136.44 47.02
EV/EBITDA 33.32 83.82 30.78
EV/Sales 19.29 25.04 8.79
Earnings yield 2.28% 1.17% 0.62%
Free cash flow yield 2.34% 0.73% 0.59%

Profitability

Metric AVGO MRVL Semiconductors median
Gross margin 68.77% 52.21% 52.25%
Operating margin 48.05% 16.52% 4.85%
Net margin 42.94% 27.93% 4.77%
Free cash flow margin 44.22% 18.23% 8.65%
Return on equity 44.25% 16.52% 3.11%
Return on assets 21.63% 10.97% 1.91%
Return on invested capital 19.80% 4.99% 2.46%

Growth

Metric AVGO MRVL Semiconductors median
Revenue growth (TTM) 48.69% 30.62% 16.66%
EPS growth (last fiscal year) 287.80% 400.98% —
Revenue growth, 5-year CAGR 21.74% 22.51% 5.60%
Net income growth, 5-year CAGR 54.08% 0.00% 0.00%

Health

Metric AVGO MRVL Semiconductors median
Debt to equity 0.60 0.27 0.05
Current ratio 2.50 3.17 3.35
Net debt to EBITDA 1.43 0.70 0.58

Dividend

Metric AVGO MRVL Semiconductors median
Dividend yield 1.64% 0.34% 1.93%
Payout ratio 0.55 — 0.00

Size

Metric AVGO MRVL Semiconductors median
Market cap 1.70t 232.09b 5.67b

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