MaxLinear, Inc (MXL) vs Vishay Intertechnology, Inc. (VSH)

MaxLinear, Inc and Vishay Intertechnology, Inc. are both Semiconductors companies. MaxLinear, Inc is the larger, with a market value of $7.9B against $4.9B — 1.6× the size. MaxLinear, Inc has negative trailing earnings, so its P/E is not meaningful; Vishay Intertechnology, Inc. trades at 157×. MaxLinear, Inc grew revenue faster over the last twelve months: 50.5% against 13.4%. Vishay Intertechnology, Inc. has the higher net margin (0.86% vs −18.2%) and the higher return on invested capital (2.65% vs −8.94%). Across the 18 metrics below, Vishay Intertechnology, Inc. leads on 12 and MaxLinear, Inc on 6.

Valuation

Metric MXL VSH Semiconductors median
P/E n/m 157.02 49.41
P/S 14.85 1.34 8.58
P/B 17.43 1.53 5.49
Price to free cash flow 12,939.72 n/m 47.02
EV/EBITDA n/m 12.17 30.78
EV/Sales 14.95 1.24 8.79
Earnings yield (1.27%) 0.64% 0.62%
Free cash flow yield 0.01% (0.14%) 0.59%

Profitability

Metric MXL VSH Semiconductors median
Gross margin 57.48% 20.93% 52.25%
Operating margin (13.64%) 3.30% 4.85%
Net margin (18.24%) 0.86% 4.77%
Free cash flow margin 0.11% (0.18%) 8.65%
Return on equity (21.32%) 1.13% 3.11%
Return on assets (12.31%) 0.61% 1.91%
Return on invested capital (8.94%) 2.65% 2.46%

Growth

Metric MXL VSH Semiconductors median
Revenue growth (TTM) 50.50% 13.38% 16.66%
EPS growth (last fiscal year) 46.08% 69.57% —
Revenue growth, 5-year CAGR (0.46%) 4.17% 5.60%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric MXL VSH Semiconductors median
Debt to equity 0.26 0.33 0.05
Current ratio 1.78 1.80 3.35
Net debt to EBITDA (0.61) 1.55 0.58

Dividend

Metric MXL VSH Semiconductors median
Dividend yield — 1.92% 1.93%
Payout ratio 0.00 0.14 0.00

Size

Metric MXL VSH Semiconductors median
Market cap 7.94b 4.94b 5.67b

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