MKS Instruments Inc
NASDAQ:MKSI
Intrinsic Value
MKS Instruments, Inc. provides instruments, systems, subsystems and process control solutions to measure, control, power, monitor, and analyze parameters of manufacturing processes to improve process... [ Read More ]
The intrinsic value of one MKSI stock under the Base Case scenario is 118.8 USD. Compared to the current market price of 131.34 USD, MKS Instruments Inc is Overvalued by 10%.
Valuation Backtest
MKS Instruments Inc
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Fundamental Analysis
Company Reports Strong Margins Amid Revenue Dip
2023-Q4 Earnings Call
In the latest quarter, the company's revenue of $893 million outpaced guidance, despite slipping 18% year-over-year. Semiconductor and Electronics revenue contracted due partly to lower global spending. Gross margin was solid at 46%, and operating margin hit 20.3%, reflecting adept cost control and robust operating leverage. Cash and liquidity remained strong, with efforts to deleverage ongoing, including debt prepayments and refinancing activities. For Q1 2024, revenue is anticipated to be $840 million, with an assumed gross margin of 45.5% and first quarter net earnings expected at $0.72 per share, showcasing a strategic focus on tax optimization and cost management.
Balance Sheet Decomposition
MKS Instruments Inc
Current Assets | 2.7B |
Cash & Short-Term Investments | 875m |
Receivables | 629m |
Other Current Assets | 1.2B |
Non-Current Assets | 6.4B |
PP&E | 1B |
Intangibles | 5.2B |
Other Non-Current Assets | 240m |
Current Liabilities | 848m |
Accounts Payable | 327m |
Accrued Liabilities | 189m |
Other Current Liabilities | 332m |
Non-Current Liabilities | 5.8B |
Long-Term Debt | 4.7B |
Other Non-Current Liabilities | 1.1B |
Earnings Waterfall
MKS Instruments Inc
Revenue
|
3.6B
USD
|
Cost of Revenue
|
-2B
USD
|
Gross Profit
|
1.6B
USD
|
Operating Expenses
|
-1.3B
USD
|
Operating Income
|
382m
USD
|
Other Expenses
|
-2.2B
USD
|
Net Income
|
-1.8B
USD
|
Free Cash Flow Analysis
MKS Instruments Inc
What is Free Cash Flow?
MKSI Profitability Score
Profitability Due Diligence
MKS Instruments Inc's profitability score is 48/100. The higher the profitability score, the more profitable the company is.
Score
MKS Instruments Inc's profitability score is 48/100. The higher the profitability score, the more profitable the company is.
MKSI Solvency Score
Solvency Due Diligence
MKS Instruments Inc's solvency score is 34/100. The higher the solvency score, the more solvent the company is.
Score
MKS Instruments Inc's solvency score is 34/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
MKSI Price Targets Summary
MKS Instruments Inc
According to Wall Street analysts, the average 1-year price target for MKSI is 131.92 USD with a low forecast of 116.15 USD and a high forecast of 147 USD.
Ownership
MKSI Insider Trading
Buy and sell transactions by insiders
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Shareholder Return
MKSI Price
MKS Instruments Inc
Average Annual Return | 6.85% |
Standard Deviation of Annual Returns | 39.76% |
Max Drawdown | -67% |
Market Capitalization | 8.8B USD |
Shares Outstanding | 67 055 400 |
Percentage of Shares Shorted | 4.23% |
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
MKS Instruments, Inc. provides instruments, systems, subsystems and process control solutions to measure, control, power, monitor, and analyze parameters of manufacturing processes to improve process performance and productivity for its customers. The company is headquartered in Andover, Massachusetts and currently employs 6,000 full-time employees. The firm operates through three segments: segments: Vacuum & Analysis (V&A), Light & Motion (L&M) and Equipment & Solutions (E&S). The V&A segment provides a range of instruments, components and subsystems, which are derived from its core competencies in pressure measurement and control, flow measurement and control, gas and vapor delivery, gas composition analysis, electronic control technology, reactive gas generation and delivery, power generation and delivery, and vacuum technology. The L&M segment provides a range of instruments, components and subsystems, which are derived from its core competencies in lasers, photonics, optics, temperature sensing, precision motion control and vibration control. The E&S segment provides a range of laser-based systems and test products. Its products include Laser-based systems for PCB manufacturing and Multi-layer ceramic capacitor.
Contact
IPO
Employees
Officers
The intrinsic value of one MKSI stock under the Base Case scenario is 118.8 USD.
Compared to the current market price of 131.34 USD, MKS Instruments Inc is Overvalued by 10%.