MKS Instruments, Inc.

DB:MKT Stock Report

Market Cap: €7.0b

MKS Instruments Valuation

Is MKT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of MKT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MKT (€99.24) is trading below our estimate of fair value (€149.69)

Significantly Below Fair Value: MKT is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MKT?

Key metric: As MKT is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for MKT. This is calculated by dividing MKT's market cap by their current revenue.
What is MKT's PS Ratio?
PS Ratio2x
SalesUS$3.54b
Market CapUS$7.24b

Price to Sales Ratio vs Peers

How does MKT's PS Ratio compare to its peers?

The above table shows the PS ratio for MKT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.6x
AIXA AIXTRON
2.8x5.2%€1.7b
WAF Siltronic
1x8.4%€1.4b
SMHN SÜSS MicroTec
2.4x10.7%€945.3m
S92 SMA Solar Technology
0.3x3.1%€489.6m
MKT MKS Instruments
2x7.7%€7.2b

Price-To-Sales vs Peers: MKT is expensive based on its Price-To-Sales Ratio (2x) compared to the peer average (1.6x).

Price to Sales Ratio vs Industry

How does MKT's PS Ratio compare vs other companies in the DE Semiconductor Industry?

2 CompaniesPrice / SalesEstimated GrowthMarket Cap
M5Z Manz
0.07x1.9%US$15.04m
D0Q Sondrel (Holdings)
0.2xn/aUS$2.02m
No more companies available in this PS range
MKT 2.0xIndustry Avg. 1.7xNo. of Companies2PS012345+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: MKT is expensive based on its Price-To-Sales Ratio (2x) compared to the European Semiconductor industry average (1.7x).

Price to Sales Ratio vs Fair Ratio

What is MKT's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MKT PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2x
Fair PS Ratio2.3x

Price-To-Sales vs Fair Ratio: MKT is good value based on its Price-To-Sales Ratio (2x) compared to the estimated Fair Price-To-Sales Ratio (2.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst MKT forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€99.24
€132.57
+33.6%
9.1%€152.26€113.56n/a14
Dec ’25€106.35
€131.60
+23.7%
9.6%€151.20€112.78n/a13
Nov ’25€91.54
€125.93
+37.6%
11.8%€147.76€101.59n/a11
Oct ’25€97.40
€124.46
+27.8%
10.8%€143.78€107.83n/a10
Sep ’25€105.75
€130.36
+23.3%
9.7%€146.54€109.91n/a9
Aug ’25€116.70
€137.31
+17.7%
6.3%€146.70€123.78n/a8
Jul ’25€121.25
€136.67
+12.7%
5.4%€148.90€125.63n/a7
Jun ’25€119.20
€129.11
+8.3%
12.3%€141.39€92.41n/a7
May ’25€114.80
€116.88
+1.8%
9.7%€130.02€92.87n/a7
Apr ’25€122.80
€116.02
-5.5%
10.1%€129.79€92.71n/a7
Mar ’25€113.75
€116.02
+2.0%
10.1%€129.79€92.71n/a7
Feb ’25€98.56
€91.33
-7.3%
12.4%€109.44€77.52n/a7
Jan ’25€94.80
€85.88
-9.4%
13.5%€106.52€66.69n/a7
Dec ’24€75.50
€85.13
+12.8%
13.3%€107.25€67.15€106.357
Nov ’24€61.94
€103.66
+67.4%
7.0%€109.37€87.49€91.547
Oct ’24€80.08
€102.03
+27.4%
3.0%€104.50€95.41€97.407
Sep ’24€92.32
€102.03
+10.5%
3.0%€104.50€95.41€105.757
Aug ’24€99.06
€99.37
+0.3%
2.9%€102.42€93.51€116.707
Jul ’24€97.90
€99.88
+2.0%
7.5%€104.96€82.14€121.257
Jun ’24€91.00
€96.69
+6.3%
7.8%€104.34€81.66€119.207
May ’24€74.74
€98.92
+32.3%
8.5%€104.36€81.68€114.807
Apr ’24€80.20
€104.36
+30.1%
6.1%€108.73€89.82€122.808
Mar ’24€91.26
€103.17
+13.0%
8.2%€117.24€89.10€113.758
Feb ’24€93.76
€95.97
+2.4%
7.4%€105.83€82.83€98.567
Jan ’24€79.34
€92.41
+16.5%
8.8%€103.60€75.34€94.808
Dec ’23€79.02
€87.65
+10.9%
9.6%€99.76€69.83€75.507

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/26 14:01
End of Day Share Price 2024/12/23 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

MKS Instruments, Inc. is covered by 26 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Christopher MuseBarclays
Mark MillerBenchmark Company
Paretosh MisraBerenberg