Entegris Intrinsic Value Calculation – ENTEGRIS Reports Strong Q1 Earnings Results for Fiscal Year 2023

☀️Earnings Overview

On May 11 2023, ENTEGRIS ($NASDAQ:ENTG) reported their earnings results for the first quarter of the 2023 fiscal year (ending March 31 2023). Total revenue for the quarter was USD 922.4 million, a 42.0% increase from the same period a year prior. Net income was USD -88.2 million, compared to USD 125.7 million in the same quarter of the previous year.

Price History

On Thursday, ENTEGRIS Inc. reported their first quarter earnings results for the fiscal year 2023. The results were strong, and investors responded with enthusiasm – ENTEGRIS stock opened at $89.7 and closed at $93.4, soaring by 19.6% from its previous closing price of 78.1. Overall, the strong Q1 earnings results exceeded Wall Street estimates and showed that the company is continuing to perform well despite the pandemic.

This is good news for investors, who have been eagerly awaiting an indication of the company’s long-term prospects. With continued strong performance, ENTEGRIS looks set to have a successful fiscal year 2023. Live Quote…

About the Company

Income Snapshot

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

Cash Flow Snapshot

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

Balance Sheet Snapshot

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

Key Ratios Snapshot

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

Analysis – Entegris Intrinsic Value Calculation

At GoodWhale, we’ve recently conducted an analysis of ENTEGRIS‘s wellbeing. Our proprietary Valuation Line gave us a fair value of around $138.5 per share of ENTEGRIS stock. However, at the moment the stock is trading at $93.4, which is 32.5% lower than its fair value. That means that ENTEGRIS’s stock is currently undervalued, and might be a good opportunity for investors who are looking for good quality companies with potential upside in their stock prices. More…

Peers

Entegris, Inc. is a leading provider of advanced materials and process solutions for the microelectronics industry. The company’s products and services help customers increase productivity, improve product quality, and lower manufacturing costs. Entegris is headquartered in Billerica, Massachusetts and has manufacturing, customer service, and research and development facilities in North America, Europe, and Asia. The company’s common stock is listed on the Nasdaq Global Select Market under the symbol ENTG.

Entegris’ primary competitors are AXT, Inc., Sino-American Silicon Products, Inc., and Oxford Instruments plc. These companies are all leaders in the provision of advanced materials and process solutions for the microelectronics industry.

– AXT Inc ($NASDAQ:AXTI)

AXT, Inc., together with its subsidiaries, focuses on the design, development, and manufacture of compound and single element semiconductor substrates in China, Taiwan, South Korea, and Japan. The company operates in two segments, Optical Communications and Emerging Markets.

– Sino-American Silicon Products Inc ($TPEX:5483)

Sino-American Silicon Products Inc is a leading global supplier of silicon wafers. The company has a market cap of 71.23B as of 2022 and a ROE of 30.39%. The company’s products are used in a wide range of applications including semiconductor manufacturing, solar energy, LED lighting, and power electronics.

– Oxford Instruments PLC ($LSE:OXIG)

Oxford Instruments PLC is a world leader in the design and manufacture of high-performance scientific instruments and systems for research and industrial applications. Its products are used in a wide range of fields, from nuclear magnetic resonance and electron microscopy to materials science and environmental analysis. The company has a market capitalization of 1.08 billion as of 2022 and a return on equity of 13.3%. Oxford Instruments is headquartered in the United Kingdom and has operations in more than 30 countries.

Summary

ENTEGRIS reported strong financial results for the first quarter of fiscal year 2023, ending March 31 2023. Total revenue was USD 922.4 million, an impressive 42.0% increase from the same period in the prior year. Net income reported a loss of USD -88.2 million, compared to a profit of USD 125.7 million in the prior year. This news saw a positive response in the stock market, with the stock price moving up on the same day.

Investors should take note that the company saw strong top-line growth in the quarter despite the net income loss, and consider it as a potential investment opportunity. With its strong financial performance, ENTEGRIS could be a promising long-term investment.