MaxLinear, Inc (MXL) vs Silicon Motion Technology Corporation (SIMO)

MaxLinear, Inc and Silicon Motion Technology Corporation are both Semiconductors companies. Silicon Motion Technology Corporation is the larger, with a market value of $9.4B against $7.9B — 1.2× the size. MaxLinear, Inc has negative trailing earnings, so its P/E is not meaningful; Silicon Motion Technology Corporation trades at 32.2×. Silicon Motion Technology Corporation grew revenue faster over the last twelve months: 70.9% against 50.5%. Silicon Motion Technology Corporation has the higher net margin (22.1% vs −18.2%) and the higher return on invested capital (13.8% vs −8.94%). Across the 19 metrics below, Silicon Motion Technology Corporation leads on 15 and MaxLinear, Inc on 4.

Valuation

Metric MXL SIMO Semiconductors median
P/E n/m 32.19 49.41
P/S 14.85 7.13 8.58
P/B 17.43 8.95 5.49
Price to free cash flow 12,939.72 n/m 47.02
EV/EBITDA n/m 37.48 30.78
EV/Sales 14.95 7.08 8.79
Earnings yield (1.27%) 3.11% 0.62%
Free cash flow yield 0.01% (1.29%) 0.59%

Profitability

Metric MXL SIMO Semiconductors median
Gross margin 57.48% 48.87% 52.25%
Operating margin (13.64%) 16.31% 4.85%
Net margin (18.24%) 22.06% 4.77%
Free cash flow margin 0.11% (9.17%) 8.65%
Return on equity (21.32%) 31.83% 3.11%
Return on assets (12.31%) 21.96% 1.91%
Return on invested capital (8.94%) 13.77% 2.46%

Growth

Metric MXL SIMO Semiconductors median
Revenue growth (TTM) 50.50% 70.87% 16.66%
EPS growth (last fiscal year) 46.08% 35.32% —
Revenue growth, 5-year CAGR (0.46%) 10.42% 5.60%
Net income growth, 5-year CAGR 0.00% 8.99% 0.00%

Health

Metric MXL SIMO Semiconductors median
Debt to equity 0.26 0.00 0.05
Current ratio 1.78 2.52 3.35
Net debt to EBITDA (0.61) (1.64) 0.58

Dividend

Metric MXL SIMO Semiconductors median
Dividend yield — 2.27% 1.93%
Payout ratio 0.00 0.19 0.00

Size

Metric MXL SIMO Semiconductors median
Market cap 7.94b 9.37b 5.67b

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