ENTG
Entegris, Inc.
$143.03
Platform & Compounding FCF
70%
Two-stage FCF DCF
Strong
·
Conviction
Overvalued
Trading 188.5% above fair value
You pay
$143.03
Bear
$29.10
Fair
$49.57
Bull
$70.34
Bear
$29.10
-79.7%
7% stage 1 growth, 12% discount
Fair
$49.57
-65.3%
11% stage 1 growth, 12% discount
Bull
$70.34
-50.8%
15% stage 1 growth, 12% discount
Adjust Assumptions
11.5%
12.0%
3.0%
Key Value Driver
FCF growth rate (11% base case)
Terminal Value % of EV
36%
Implied Market Multiple
47.8x
Market is pricing in (growth)
22.7%
vs 11.5% base
Analyst Consensus (External Reference)
Never blended into the bear/base/bull estimates above.
Average Target (27 analysts)
$179.50
Divergence from AlphaVal
72%
Summary
Using a two-stage FCF DCF with 11% growth decelerating over 15 years, discounted at 12%, the base-case intrinsic value is $49.57 per share.
Warnings
Wall Street's average price target is $179.50 (from 27 analysts). Our estimate is 72% below the consensus -- consider that gap carefully.
Key Risks
- P/E alone misleads — earnings depressed by growth investment
- Cyclical or commodity businesses may be misclassified as platforms
- Terminal value dominance suggests sensitivity to long-run assumptions