Looks like there`s been an error while trying to load this page.
Our team has been notified but please contact us using the email support widget if the problem persists.
| Metrics | Range | Conclusion |
|---|---|---|
| Selected LTM EBITDA Multiple | 16.3x - 18.0x | 17.1x |
| Selected Fwd EBITDA Multiple | 14.8x - 16.3x | 15.5x |
| Fair Value | $77.16 - $87.86 | $82.51 |
| Upside | 12.3% - 27.8% | 20.0% |
| Benchmarks | Ticker | Full Ticker |
| Lam Research Corporation | LRCX | NasdaqGS:LRCX |
| Teradyne, Inc. | TER | NasdaqGS:TER |
| Applied Materials, Inc. | AMAT | NasdaqGS:AMAT |
| MKS Inc. | MKSI | NasdaqGS:MKSI |
| Kulicke and Soffa Industries, Inc. | KLIC | NasdaqGS:KLIC |
| Entegris, Inc. | ENTG | NasdaqGS:ENTG |
| - | - | - |
| Select LTM EBITDA Multiple | |||||||
| Benchmark Companies | |||||||
| LRCX | TER | AMAT | MKSI | KLIC | ENTG | ||
| NasdaqGS:LRCX | NasdaqGS:TER | NasdaqGS:AMAT | NasdaqGS:MKSI | NasdaqGS:KLIC | NasdaqGS:ENTG | ||
| Historical EBITDA Growth | |||||||
| 5Y CAGR | 11.1% | 0.5% | 17.2% | 17.5% | 0.1% | 19.5% | |
| 3Y CAGR | -0.7% | -20.6% | 2.8% | 0.9% | -54.0% | 10.4% | |
| Latest Twelve Months | 28.1% | 17.6% | 7.9% | 0.3% | 1022.5% | 3.0% | |
| Historical EBITDA Profit Margin | |||||||
| 5 Year Average Margin | 32.1% | 29.8% | 31.0% | 24.6% | 18.3% | 28.2% | |
| Prior Fiscal Year | 32.3% | 23.4% | 30.8% | 21.6% | 12.2% | 25.6% | |
| Latest Fiscal Year | 31.4% | 23.7% | 30.4% | 24.1% | 6.0% | 28.6% | |
| Latest Twelve Months | 33.1% | 24.9% | 31.1% | 24.1% | 15.7% | 28.4% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 5.97x | 3.93x | 4.35x | 2.62x | 1.67x | 4.35x | |
| EV / LTM EBITDA | 18.1x | 15.8x | 14.0x | 10.9x | 10.6x | 15.3x | |
| EV / LTM EBIT | 19.3x | 19.0x | 14.7x | 17.9x | 12.9x | 26.0x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBITDA | 10.6x | 14.0x | 18.1x | ||||
| Historical EV / LTM EBITDA | 17.6x | 22.5x | 29.9x | ||||
| Selected EV / LTM EBITDA | 16.3x | 17.1x | 18.0x | ||||
| (x) LTM EBITDA | 921 | 921 | 921 | ||||
| (=) Implied Enterprise Value | 15,001 | 15,791 | 16,580 | ||||
| (-) Non-shareholder Claims * | (3,710) | (3,710) | (3,710) | ||||
| (=) Equity Value | 11,292 | 12,081 | 12,871 | ||||
| (/) Shares Outstanding | 151.4 | 151.4 | 151.4 | ||||
| Implied Value Range | 74.58 | 79.80 | 85.01 | ||||
| FX Rate: USD/USD | 1.0 | 1.0 | 1.0 | Market Price | |||
| Implied Value Range (Trading Cur) | 74.58 | 79.80 | 85.01 | 68.74 | |||
| Upside / (Downside) | 8.5% | 16.1% | 23.7% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | LRCX | TER | AMAT | MKSI | KLIC | ENTG | |
| Enterprise Value | 102,374 | 11,547 | 122,077 | 9,559 | 1,146 | 14,117 | |
| (+) Cash & Short Term Investments | 5,451 | 508 | 6,747 | 655 | 582 | 346 | |
| (+) Investments & Other | 0 | 623 | 3,638 | 0 | 5 | 0 | |
| (-) Debt | (4,484) | (69) | (6,670) | (4,701) | (36) | (4,055) | |
| (-) Other Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 103,340 | 12,609 | 125,792 | 5,513 | 1,697 | 10,407 | |
| (/) Shares Outstanding | 1,279.1 | 160.4 | 802.5 | 67.1 | 52.8 | 151.4 | |
| Implied Stock Price | 80.79 | 78.60 | 156.75 | 82.19 | 32.15 | 68.74 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
| Implied Stock Price (Trading Cur) | 80.79 | 78.60 | 156.75 | 82.19 | 32.15 | 68.74 | |
| Trading Currency | USD | USD | USD | USD | USD | USD | |
| FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |