Entegris, Inc. develops, manufactures, and supplies micro contamination control products, specialty chemicals, and advanced materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries worldwide.
The last earnings update was 73 days ago.
Discounted Cash Flow Calculation for DB:ENQ using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for
is arrived at by discounting future cash flows to their present value using the 2 stage method.
We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
DB:ENQ DCF 1st Stage: Next 10 year cash flow forecast
Amount off the current price
is available for.
Share price is
vs Future cash flow value of
Current Discount Checks
to be considered undervalued it must be available for at least 20% below the
current price. Less than 40% is even better.
Entegris's share price is below the future cash flow value, but not at a moderate discount (< 20%).
Entegris's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.
The amount the stock market is willing to pay for
is considered below, and whether this is a fair price.
Price based on past earnings
Entegris's earnings available for a low price, and how does
this compare to other companies in the same industry?
Entegris's earnings are expected to grow by 9.8% yearly, however this is not considered high growth (20% yearly).
Entegris's revenue is expected to grow by 5.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can
be gauged below. We look back 3 years and see if they were any good at
predicting what actually occurred. We also show the highest and lowest estimates
looking forward to see if there is a wide range.
Entegris's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent
earnings report. Some checks require at least 3 or 5 years worth of data.
has a total score of
6/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Management is one of the most important areas of a company. We look at
unreasonable CEO compensation, how long the team and board of directors have
been around for and insider trading.
TENURE AS CEO
Mr. Bertrand Loy has been the President of ATMI Inc. since April 30, 2014. Mr. Loy has been the Chief Executive Officer and President at Entegris, Inc. since November 28, 2012 and November 1, 2012 respectively. He serves as the Chief Executive Officer of Entegris Korea Ltd. He served as the Chief Operating Officer of Entegris from July 2008 to November 26, 2012. He served as an Executive Vice President of Entegris, Inc. from 2001 to November 1, 2012. He served as the Chief Administrative Officer of Entegris Inc. from August 6, 2005 to July 2008. He served as the Chief Financial Officer and Vice President at Mykrolis Corp., from January 2001 to 2005 and served as its Treasurer. He served as the Chief Information Officer of Millipore Corporation from April 1999 to December 2000. From 1995 to 1999, Mr. Loy served as a Division Controller for Millipore’s Laboratory Water Division. From 1989 to 1995, Mr. Loy served with Novartis (formerly Sandoz Pharmaceuticals) in a variety of financial, audit and Controller positions located in Europe, Central America and Japan. He has been an Independent Director of Harvard Bioscience Inc. since November 6, 2014. He has been a Director of BTU International Inc. since June 2010, ATMI Inc. since April 30, 2014 and Entegris, Inc. since November 1, 2012. Mr. Loy holds an masters degree in business administration (MBA) from ESSEC in Paris, France. He has been a director for SEMI (Semiconductor Equipment and Materials International) (global high-technology manufacturing trade association) since July 2013.
Bertrand's compensation has been consistent with company performance over the past year.
Bertrand's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure
Average tenure and age of the
management team in years:
The tenure for the Entegris management team is about average.
CEO, President & Director
Executive VP & COO
Senior Vice President of Human Resources
Senior Vice President of Microcontamination Control
VP, Controller & Chief Accounting Officer
Vice President of Investor Relations
Senior Vice President of Business Development
Senior VP & GM of Advanced Materials Handling
Senior Vice President of Quality
Board of Directors Tenure
Average tenure and age of the
board of directors in years:
The tenure for the Entegris board of directors is about average.
Entegris, Inc. develops, manufactures, and supplies micro contamination control products, specialty chemicals, and advanced materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries worldwide. It operates through three segments: Specialty Chemicals and Engineered Materials (SCEM); Microcontamination Control (MC); and Advanced Materials Handling (AMH). The SCEM segment offers high-performance and high-purity process chemistries, gases, and materials, as well as delivery systems to support semiconductor and other advanced manufacturing processes. The MC segment provides solutions to filter and purify critical liquid chemistries and gases used in semiconductor manufacturing processes and other high-technology industries. The AMH segment develops solutions to monitor, protect, transport, and deliver critical liquid chemistries, wafers, and other substrates for application in the semiconductor and other high-technology industries. The company’s customers include semiconductor device manufacturers, semiconductor equipment makers, gas and chemical manufacturing companies, wafer grower companies, and manufacturers of high-precision electronics; and flat panel display equipment makers, materials suppliers and panel manufacturers, and manufacturers of hard disk drive components and devices. It also serves manufacturers and suppliers in the solar and life science industries, electrical discharge machining customers, glass and glass container manufacturers, aerospace manufacturers, and manufacturers of biomedical implantation devices. The company was founded in 1966 and is headquartered in Billerica, Massachusetts.
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.