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Entegris Piotroski F-Score

: 7 (As of Today)
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Good Sign:

Piotroski F-Score is 7, indicating very healthy situation.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Entegris has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Entegris's Piotroski F-Score or its related term are showing as below:

NAS:ENTG' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 7

3
8

During the past 13 years, the highest Piotroski F-Score of Entegris was 8. The lowest was 3. And the median was 6.


Entegris Piotroski F-Score Historical Data

The historical data trend for Entegris's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Entegris Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Piotroski F-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.00 6.00 7.00 5.00 8.00

Entegris Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
Piotroski F-Score Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.00 6.00 8.00 7.00 7.00

Competitive Comparison

For the Semiconductor Equipment & Materials subindustry, Entegris's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Entegris Piotroski F-Score Distribution

For the Semiconductors industry and Technology sector, Entegris's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Entegris's Piotroski F-Score falls into.


How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Jun21) TTM:Last Year (Jun20) TTM:
Net Income was 79.303 + 86.624 + 84.676 + 88.77 = $339 Mil.
Cash Flow from Operations was 101.232 + 204.018 + 53.115 + 81.855 = $440 Mil.
Revenue was 480.987 + 517.594 + 512.844 + 571.352 = $2,083 Mil.
Gross Profit was 226 + 230.872 + 234.986 + 265.384 = $957 Mil.
Average Total Assets from the begining of this year (Jun20)
to the end of this year (Jun21) was
(2804.04 + 2801.628 + 2917.696 + 2933.539 + 2872.731) / 5 = $2865.9268 Mil.
Total Assets at the begining of this year (Jun20) was $2,804 Mil.
Long-Term Debt & Capital Lease Obligation was $990 Mil.
Total Current Assets was $1,159 Mil.
Total Current Liabilities was $261 Mil.
Net Income was 40.767 + 57.438 + 61.006 + 68.036 = $227 Mil.

Revenue was 394.147 + 426.998 + 412.327 + 448.405 = $1,682 Mil.
Gross Profit was 170.35 + 197.636 + 185.478 + 207.372 = $761 Mil.
Average Total Assets from the begining of last year (Jun19)
to the end of last year (Jun20) was
(2424.722 + 2467.684 + 2516.086 + 2598.565 + 2804.04) / 5 = $2562.2194 Mil.
Total Assets at the begining of last year (Jun19) was $2,425 Mil.
Long-Term Debt & Capital Lease Obligation was $1,226 Mil.
Total Current Assets was $1,189 Mil.
Total Current Liabilities was $238 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Entegris's current Net Income (TTM) was 339. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Entegris's current Cash Flow from Operations (TTM) was 440. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Jun20)
=339.373/2804.04
=0.12103001

ROA (Last Year)=Net Income/Total Assets (Jun19)
=227.247/2424.722
=0.09372085

Entegris's return on assets of this year was 0.12103001. Entegris's return on assets of last year was 0.09372085. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Entegris's current Net Income (TTM) was 339. Entegris's current Cash Flow from Operations (TTM) was 440. ==> 440 > 339 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Jun21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun20 to Jun21
=990.129/2865.9268
=0.345483

Gearing (Last Year: Jun20)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun19 to Jun20
=1225.696/2562.2194
=0.47837277

Entegris's gearing of this year was 0.345483. Entegris's gearing of last year was 0.47837277. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Jun21)=Total Current Assets/Total Current Liabilities
=1159.236/260.53
=4.4495298

Current Ratio (Last Year: Jun20)=Total Current Assets/Total Current Liabilities
=1188.847/237.955
=4.9961001

Entegris's current ratio of this year was 4.4495298. Entegris's current ratio of last year was 4.9961001. ==> Last year's current ratio is higher ==> Score 0.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Entegris's number of shares in issue this year was 136.533. Entegris's number of shares in issue last year was 136.007. ==> There is larger number of shares in issue this year. ==> Score 0.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=957.242/2082.777
=0.45959889

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=760.836/1681.877
=0.45237315

Entegris's gross margin of this year was 0.45959889. Entegris's gross margin of last year was 0.45237315. ==> This year's gross margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Jun20)
=2082.777/2804.04
=0.74277721

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun19)
=1681.877/2424.722
=0.69363704

Entegris's asset turnover of this year was 0.74277721. Entegris's asset turnover of last year was 0.69363704. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+1+1+0+0+1+1
=7

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Entegris has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Entegris  (NAS:ENTG) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Entegris Piotroski F-Score Related Terms

Thank you for viewing the detailed overview of Entegris's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.


Entegris Business Description

Entegris logo
Industry
Technology » Semiconductors NAICS : 334413 SIC : 3674
Traded in Other Exchanges
Address
129 Concord Road, Billerica, MA, USA, 01821
Entegris Inc is a supplier of advanced materials and process solutions for the semiconductor and other high-technology industries. The company's reportable segments include Specialty Chemicals & Engineered Materials (SCEM), Microcontamination Control (MC), and Advanced Materials Handling (AMH). The SCEM segment provides high-performance & high-purity process chemistries, gases, & materials, and safe & efficient delivery systems. The Microcontamination Control (MC) segment includes solutions to purify critical liquid chemistries and process gases used in semiconductor manufacturing processes and other high-technology industries. Its geographical segments are Taiwan, North America, South Korea, Japan, China, Europe, and Southeast.
Executives
Olson Paul L H director C/O ENTEGRIS INC 129 CONCORD ROAD BILLERICA MA 01821
Loy Bertrand director, officer: President & CEO C/O ENTEGRIS, INC. 129 CONCORD RD BILLERICA MA 01821
Sullivan Brian F. director 16305 36TH AVENUE N MINNEAPOLIS MN 55446
Haris Clinton M. officer: SVP & GM, MC Division C/O ENTEGRIS, INC. 129 CONCORD ROAD BILLERICA MA 01821
Tison Stuart officer: SVP & GM, SCEM C/O ENTEGRIS, INC. 129 CONCORD ROAD BILLERICA MA 01821
Edlund Todd James officer: EVP & COO 129 CONCORD ROAD BILLERICA MA 01821
Shaner William James officer: SVP & GM, AMH 129 CONCORD ROAD BILLERICA MA 01821
Burns Robert Nicholas director C/O ENTEGRIS, INC. 129 CONCORD ROAD BILLERICA MA 01821
Bradley Michael A director 8 BARNSTABLE ROAD WEST NEWTON MA 02465
Rucci Corey officer: SVP, Business Development 700 DOVER PLACE SOUTHLAKE TX 76092
Lederer James P director 5775 MOREHOUSE DRIVE SAN DIEGO CA 92121
Colella Joseph officer: SVP and General Counsel 129 CONCORD ROAD BILLERICA MA 01821
Gentilcore James director NINE HAMPSHIRE STREET MANSFIELD MA 02048
Saleki-gerhardt Azita director 1 N. WAUKEGAN ROAD NORTH CHICAGO IL 60064
Graves Gregory B officer: EVP & CFO 129 CONCORD ROAD BILLERICA MA 01821

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