Marvell Technology Intrinsic Value Calculator – MARVELL TECHNOLOGY Reports 349.6% Decrease in Q4 FY2023 Revenue

Earnings Overview

MARVELL TECHNOLOGY ($NASDAQ:MRVL) reported total revenue of USD -15.4 million in the fourth quarter of 2023, ending on January 31 2023–a decrease of 349.6% compared to the same period of the previous year. Net income, however, increased by 5.6% year over year to USD 1418.5 million, as reported on March 2 2023.

Market Price

This news caused the stock to open at $44.8 and close at $46.2, up 1.9% from the previous closing price of 45.4. As a result, the company is focusing on cost-cutting measures in order to remain financially viable.

Additionally, the company is looking to diversify their portfolio by tapping into new markets and expanding their customer base. Overall, MARVELL TECHNOLOGY‘s Q4 FY2023 revenue decrease is concerning, but the company is taking steps to reduce costs and increase revenue by expanding their customer base and diversifying their product portfolio. With the right strategy and execution, MARVELL TECHNOLOGY can turn their financial situation around and return to profitability. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Marvell Technology. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Marvell Technology. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Marvell Technology. More…

Key Ratios Snapshot

Some of the financial key ratios for Marvell Technology are shown below. More…

Analysis – Marvell Technology Intrinsic Value Calculator

At GoodWhale, we have conducted an analysis of MARVELL TECHNOLOGY‘s fundamentals. Our proprietary Valuation Line shows that the fair value of MARVELL TECHNOLOGY share is around $66.0. However, the current market price of MARVELL TECHNOLOGY stock is only $46.2, meaning it is currently undervalued by 30.0%. This presents an excellent opportunity for investors to buy MARVELL TECHNOLOGY stock at a bargain price and potentially benefit from future price appreciation. More…

Peers

Marvell Technology Inc is a fabless semiconductor company that designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. Its main competitors are Advanced Micro Devices Inc, GLOBALFOUNDRIES Inc, and Intel Corp.

– Advanced Micro Devices Inc ($NASDAQ:AMD)

Advanced Micro Devices Inc is a technology company that designs and produces semiconductor products. The company has a market capitalization of 92.39 billion as of 2022 and a return on equity of 4.13%. The company’s products are used in a variety of electronic devices, including personal computers, game consoles, and servers.

– GLOBALFOUNDRIES Inc ($NASDAQ:GFS)

GLOBALFOUNDRIES Inc is a leading provider of semiconductor manufacturing services. The company has a market cap of 28.43B as of 2022 and a Return on Equity of 5.09%. The company offers a wide range of services, including manufacturing, design, and testing. GLOBALFOUNDRIES is a trusted partner for many of the world’s leading companies.

– Intel Corp ($NASDAQ:INTC)

Intel Corporation is an American multinational corporation and technology company headquartered in Santa Clara, California, in the Silicon Valley. It is the world’s largest and highest valued semiconductor chip manufacturer based on revenue, and is the inventor of the x86 series of microprocessors, the processors found in most personal computers (PCs). Intel supplies processors for computer system manufacturers such as Apple, Lenovo, HP, and Dell. Intel also manufactures motherboard chipsets, network interface controllers and integrated circuits, flash memory, graphics chips, embedded processors and other devices related to communications and computing.

Summary

MARVELL TECHNOLOGY reported results for the fourth quarter of the fiscal year 2023 that ended on January 31 2023, showing a large decrease in total revenue of 349.6%. However, despite the decrease in revenue, net income increased by 5.6%, to USD 1418.5 million. For investors, this is a sign of a company that is resilient and able to generate positive returns despite declining revenues. The results, released on March 2 2023, demonstrate MARVELL TECHNOLOGY’s ability to generate a positive return on investments, despite difficult economic conditions.