公司概述
Entegris, Inc. specializes in providing advanced materials and process solutions tailored for the semiconductor industry and other high-technology sectors across North America, Taiwan, South Korea, Japan, China, Europe, and Southeast Asia. The company operates within the Technology sector, specifically within the Semiconductor Equipment & Materials industry, positioning itself as a critical supplier of specialized components and filtration systems essential for chip manufacturing and purification processes. In terms of scale, Entegris reports a market capitalization of $20.19B, with an annual revenue of $3.20B and an employee base of 7700. These financial figures indicate that Entegris is a large-cap entity with significant operational reach, suggesting it holds a substantial position in the global supply chain for semiconductor production where material purity and precision are paramount.
财务健康
The company reported a revenue of $3.20B over the trailing twelve months, generating net income of $235.60M and an EBITDA of $875.30M, highlighting a significant gap between top-line revenue and bottom-line profit that reveals a substantial cost structure involving operating expenses, taxes, and interest. Despite the high revenue, the free cash flow stands at $317.82M, which provides the company with meaningful financial flexibility to fund capital expenditures, pursue acquisitions, or manage working capital needs during periods of market fluctuation. Margin analysis shows a gross margin of 44.6%, an operating margin of 14.2%, and a profit margin of 7.4%, indicating that while the company maintains healthy pricing power on its specialized materials, operating leverage and overhead costs consume a considerable portion of gross profits before reaching the net bottom line. The balance sheet presents a leveraged profile with total debt of $3.81B against cash reserves of $360.40M, resulting in a debt-to-equity ratio of 96.42, which suggests the company relies significantly on borrowed capital to finance its operations and growth initiatives. Liquidity is supported by a current ratio of 3.35, indicating that the company holds more than three times the current assets necessary to cover its short-term liabilities, thereby reducing the risk of default in the near term. Return metrics reveal a return on equity of 6.2% and a return on assets of 3.6%, suggesting that while the company generates positive returns, the capital efficiency relative to the high equity base and asset turnover could be scrutinized against industry peers to assess management effectiveness in deploying capital.
估值评估
Valuation metrics show a trailing P/E ratio of 85.57 compared to a forward P/E of 30.18, implying that the market currently prices in a significant expected improvement in earnings growth or that current earnings are depressed by temporary headwinds such as the recent decline in reported income. The price-to-book ratio stands at 5.10, indicating that the market values the company at a substantial premium over its tangible book value, reflecting intangible assets, brand strength, or growth prospects that are not captured on the balance sheet. Alternative valuation multiples include a price-to-sales ratio of 6.32 and an EV/EBITDA of 26.98, suggesting that investors are willing to pay a high multiple relative to sales and operating cash generation, which is common in the technology sector but warrants close monitoring of future performance execution. The stock's trading range over the past year spans from a 52-week low of $60.97 to a 52-week high of $142.50, placing the current valuation context within a wide band of historical volatility. The beta of 1.32 indicates that the stock's price volatility is expected to be 32% higher than the broader market, meaning the asset is more sensitive to market swings and potentially riskier for conservative portfolios.
Growth & Income
Recent performance data shows a revenue growth rate of -3.0% and an earnings growth rate of -51.9% year-over-year, indicating that earnings are contracting at a much faster pace than revenue, which often points to margin compression, one-time charges, or a sharper decline in profitability compared to sales volume. The company offers a dividend yield of 0.3% with a payout ratio of 25.8%, suggesting a modest but potentially sustainable dividend policy given that the payout ratio is well below 100% of earnings, although the negative earnings growth poses a risk to the sustainability of this payout if profitability does not recover. Given the negative earnings growth, the company currently prioritizes retaining earnings or utilizing cash flow for operational needs rather than aggressive dividend increases. Overall, the growth and income profile is characterized by a contraction in profitability and minimal dividend distribution, reflecting a period of adjustment in the semiconductor materials market where capital allocation may shift from shareholder returns to preserving liquidity and restoring margins.