Entegris, Inc. (ENTG)

Industry: Semiconductors Model: Peers Multiples Valuation

Valuation Snapshot

Ticker	Rank	Name	Rev TTM (M)	Trailing P/E	Forward P/E	Trailing EV/EBITDA	Forward EV/EBITDA	Trailing EV/EBIT	Forward EV/EBIT
7735.T	40	SCREEN Holdings Co	3,997	13.75	7.96	8.24	5.58	13.22	6.22
002129.SZ	41	TCL Zhonghuan Rene	3,890	-	-	-	-	-	-
002156.SZ	42	Tongfu Microelectr	3,820	61.85	49.03	17.53	14.63	33.95	37.08
XLNX	43	Xilinx, Inc.	3,676	56.61	52.12	42.69	39.31	37.71	48.28
QRVO	44	Qorvo, Inc.	3,663	39.63	45.73	11.87	12.77	14.39	39.21
3156.T	45	Restar Holdings Co	3,636	15.54	14.41	8.38	7.30	10.60	9.85
3033.TW	46	Weikeng Industrial	3,269	20.55	17.96	13.28	11.31	-	14.79
ENTG	47	Entegris, Inc.	3,223	48.99	48.20	15.37	13.72	28.13	25.87
002180.SZ	48	Ninestar Corporati	3,055	-	-	22.14	25.24	-	-
VSH	49	Vishay Intertechno	2,983	-	-	11.98	12.95	34.44	-
2737.T	50	Tomen Devices Corp	2,939	7.29	6.35	8.39	6.83	3.95	6.54
TER	51	Teradyne, Inc.	2,860	48.08	53.05	33.06	35.94	36.65	46.38
MPWR	52	Monolithic Power S	2,661	23.27	14.08	57.30	42.81	55.10	45.76
0JZM.L	53	Maxim Integrated P	2,633	33.24	25.68	25.54	22.37	23.03	29.57
6415.TW	54	Silergy Corp.	2,630	38.90	39.81	25.82	25.43	37.59	42.12
6146.T	55	Disco Corporation	2,626	39.91	30.17	26.36	20.33	27.29	21.58

Line Item	Trailing P/E	Forward P/E	Trailing EV/EBITDA	Forward EV/EBITDA	Trailing EV/EBIT	Forward EV/EBIT
Winsorized Median Multiple	28.26	21.82	15.41	13.79	25.16	25.57
Full Range Median Multiple	36.07	27.93	19.84	17.48	30.62	33.32
Industry Multiple	33.22	29.70	22.33	20.20	27.33	28.95
Market Implied Multiple	61.76	60.76	19.47	17.38	35.64	32.77
Company (ENTG) Multiple	48.99	48.20	15.37	13.72	28.13	25.87
(*) Net Income / EBITDA / Revenue	288	293	898	1,006	490	533
Winsorized Enterprise Value	N/A	N/A	13,832	13,876	12,340	13,639
Full Range Median Enterprise Value	N/A	N/A	17,809	17,585	15,017	17,773
(-) Net Debt	-335	-335	-335	-335	-335	-335
Winsorized Equity Value	8,150	6,398	14,167	14,210	12,674	13,974
Full Range Median Equity Value	10,405	8,188	18,144	17,919	15,352	18,107
(/) Shares Outstanding	152	152	152	152	152	152
Winsorized Fair Value	$53.69	$42.15	$93.32	$93.61	$83.49	$92.05
Full Range Median Fair Value	$68.54	$53.94	$119.52	$118.05	$101.13	$119.28
Current Price	$117.35	$117.35	$117.35	$117.35	$117.35	$117.35
Upside / Downside	-54.25%	-64.08%	-20.47%	-20.23%	-28.85%	-21.56%
Safety Margin	30.0%	30.0%	30.0%	30.0%	30.0%	30.0%
Buy Price	$37.58	$29.50	$65.33	$65.53	$58.44	$64.44
Buy / Don't Buy	Don’t Buy	Don’t Buy	Don’t Buy	Don’t Buy	Don’t Buy	Don’t Buy