Entegris Intrinsic Value – ENTEGRIS Reports $922.4 Million in Revenue, Net Income of -$88.2 Million for Q1 FY2023.
May 28, 2023
Earnings Overview
For the first quarter of Fiscal Year 2023 ending on March 31, 2023, ENTEGRIS ($NASDAQ:ENTG) reported a total revenue of USD 922.4 million, a 42.0% year-over-year increase, and a net income of USD -88.2 million, a decrease from the 125.7 million reported in the same quarter the previous year.
Share Price
On Thursday, ENTEGRIS reported its first quarter financial results for fiscal year 2023. This jump was driven by strong demand across key markets and the continued ramp-up of shipments from the company’s new production facility in China. Despite the lower net income, ENTEGRIS stock opened at $89.7 and closed at $93.4, a 19.6% increase from the previous closing price of 78.1, indicating that investors remain optimistic about the company’s outlook for the rest of the year. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Entegris. More…
| Total Revenues | Net Income | Net Margin |
| 3.55k | -4.95 | 1.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Entegris. More…
| Operations | Investing | Financing |
| 440.37 | -4.86k | 4.79k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Entegris. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 10.07k | 6.9k | 21.17 |
Key Ratios Snapshot
Some of the financial key ratios for Entegris are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 30.2% | 15.4% | 9.0% |
| FCF Margin | ROE | ROA |
| -2.1% | 6.3% | 2.0% |
Analysis – Entegris Intrinsic Value
At GoodWhale, we conducted an analysis of ENTEGRIS‘s fundamentals to determine its intrinsic value. Our proprietary Valuation Line found that the intrinsic value of an ENTEGRIS share is around $138.5. Currently, the stock is trading at $93.4, which is a 32.5% undervaluation from its intrinsic value. Therefore, it might be advisable for investors to consider making an investment in ENTEGRIS at this time. More…
Peers
Entegris, Inc. is a leading provider of advanced materials and process solutions for the microelectronics industry. The company’s products and services help customers increase productivity, improve product quality, and lower manufacturing costs. Entegris is headquartered in Billerica, Massachusetts and has manufacturing, customer service, and research and development facilities in North America, Europe, and Asia. The company’s common stock is listed on the Nasdaq Global Select Market under the symbol ENTG.
Entegris’ primary competitors are AXT, Inc., Sino-American Silicon Products, Inc., and Oxford Instruments plc. These companies are all leaders in the provision of advanced materials and process solutions for the microelectronics industry.
– AXT Inc ($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 FY2023 with a 42.0% year-over-year increase in revenue to USD 922.4 million and a decrease in net income to USD -88.2 million compared to the same period in the previous year. Investors reacted positively to the news, as stock prices moved up the same day. Analysts suggest that this revenue growth, combined with cost-cutting measures, should help ENTEGRIS reach its profitability goals. Going forward, investors should continue to monitor ENTEGRIS’ progress in the coming quarters as the company works to capitalize on its growth potential and improve its financial performance.
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