Marvell Technology, Inc. (MRVL) vs Taiwan Semiconductor Manufacturing Company Ltd. (TSM)

Marvell Technology, Inc. and Taiwan Semiconductor Manufacturing Company Ltd. are both Semiconductors companies. Taiwan Semiconductor Manufacturing Company Ltd. is the larger, with a market value of $2.40T against $238.5B — 10.1× the size. Taiwan Semiconductor Manufacturing Company Ltd. trades at the lower P/E: 33.1× against 87.2×. Taiwan Semiconductor Manufacturing Company Ltd. grew revenue faster over the last twelve months: 35.6% against 30.6%. Taiwan Semiconductor Manufacturing Company Ltd. has the higher net margin (49.9% vs 27.9%) and the higher return on invested capital (39.7% vs 4.99%). Both pay a dividend; Taiwan Semiconductor Manufacturing Company Ltd. yields more (1.06% vs 0.09%). Across the 23 metrics below, Taiwan Semiconductor Manufacturing Company Ltd. leads on 20 and Marvell Technology, Inc. on 3.

Valuation

Metric MRVL TSM Semiconductors median
P/E 87.21 33.13 50.47
P/S 25.42 16.81 8.59
P/B 12.96 11.60 5.58
Price to free cash flow 139.45 67.04 47.71
EV/EBITDA 85.66 22.77 30.88
EV/Sales 25.59 16.24 8.84
Earnings yield 1.15% 3.02% 0.61%
Free cash flow yield 0.72% 1.49% 0.59%

Profitability

Metric MRVL TSM Semiconductors median
Gross margin 52.21% 64.20% 52.25%
Operating margin 16.52% 56.05% 4.85%
Net margin 27.93% 49.88% 4.77%
Free cash flow margin 18.23% 25.08% 8.65%
Return on equity 16.52% 39.78% 3.11%
Return on assets 10.97% 26.93% 1.91%
Return on invested capital 4.99% 39.72% 2.46%

Growth

Metric MRVL TSM Semiconductors median
Revenue growth (TTM) 30.62% 35.61% 16.66%
EPS growth (last fiscal year) 400.98% 51.28% 27.88%
Revenue growth, 5-year CAGR 22.51% 20.55% 5.60%
Net income growth, 5-year CAGR 0.00% 24.37% 0.00%

Health

Metric MRVL TSM Semiconductors median
Debt to equity 0.27 0.16 0.05
Current ratio 3.17 2.46 3.35
Net debt to EBITDA 0.70 (0.79) 0.58

Dividend

Metric MRVL TSM Semiconductors median
Dividend yield 0.09% 1.06% 1.06%
Payout ratio 0.08 0.35 0.40

Size

Metric MRVL TSM Semiconductors median
Market cap 238.45b 2.40t 5.80b

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