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Entegris Beneish M-Score

: -2.40 (As of Today)
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The zones of discrimination for M-Score is as such:

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator.
An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

Good Sign:

Beneish M-Score -2.4 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

NAS:ENTG' s Beneish M-Score Range Over the Past 10 Years
Min: -9.94   Med: -2.63   Max: -1.32
Current: -2.4

-9.94
-1.32

During the past 13 years, the highest Beneish M-Score of Entegris was -1.32. The lowest was -9.94. And the median was -2.63.


Entegris Beneish M-Score Historical Data

The historical data trend for Entegris's Beneish M-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
Beneish M-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.63 -2.90 -2.37 -2.81 -2.61

Entegris Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
Beneish M-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 -2.34 -2.55 -2.61 -2.72 -2.40

Competitive Comparison

For the Semiconductor Equipment & Materials subindustry, Entegris's Beneish M-Score, along with its competitors' market caps and Beneish M-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 Beneish M-Score Distribution

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

* The bar in red indicates where Entegris's Beneish M-Score falls into.



Entegris Beneish M-Score Calculation

The M-score was created by Professor Messod Beneish. Instead of measuring the bankruptcy risk (Altman Z-Score) or business trend (Piotroski F-Score), M-score can be used to detect the risk of earnings manipulation. This is the original research paper on M-score.

The M-Score Variables:

The M-score of Entegris for today is based on a combination of the following eight different indices:

M=-4.84+0.92 * DSRI+0.528 * GMI+0.404 * AQI+0.892 * SGI+0.115 * DEPI
=-4.84+0.92 * 0.9083+0.528 * 0.9843+0.404 * 0.9752+0.892 * 1.2384+0.115 * 1.2003
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.8662+4.679 * -0.0279-0.327 * 0.834
=-2.40

* 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:
Accounts Receivable was $310 Mil.
Revenue was 571.352 + 512.844 + 517.594 + 480.987 = $2,083 Mil.
Gross Profit was 265.384 + 234.986 + 230.872 + 226 = $957 Mil.
Total Current Assets was $1,159 Mil.
Total Assets was $2,873 Mil.
Property, Plant and Equipment(Net PPE) was $622 Mil.
Depreciation, Depletion and Amortization(DDA) was $134 Mil.
Selling, General, & Admin. Expense(SGA) was $283 Mil.
Total Current Liabilities was $261 Mil.
Long-Term Debt & Capital Lease Obligation was $990 Mil.
Net Income was 88.77 + 84.676 + 86.624 + 79.303 = $339 Mil.
Non Operating Income was -23.56 + -4.33 + 5.305 + 1.752 = $-21 Mil.
Cash Flow from Operations was 81.855 + 53.115 + 204.018 + 101.232 = $440 Mil.
Accounts Receivable was $276 Mil.
Revenue was 448.405 + 412.327 + 426.998 + 394.147 = $1,682 Mil.
Gross Profit was 207.372 + 185.478 + 197.636 + 170.35 = $761 Mil.
Total Current Assets was $1,189 Mil.
Total Assets was $2,804 Mil.
Property, Plant and Equipment(Net PPE) was $523 Mil.
Depreciation, Depletion and Amortization(DDA) was $142 Mil.
Selling, General, & Admin. Expense(SGA) was $264 Mil.
Total Current Liabilities was $238 Mil.
Long-Term Debt & Capital Lease Obligation was $1,226 Mil.




1. DSRI = Days Sales in Receivables Index

Measured as the ratio of Revenue in Accounts Receivable in year t to year t-1.

A large increase in DSR could be indicative of revenue inflation.

DSRI=(Receivables_t / Revenue_t) / (Receivables_t-1 / Revenue_t-1)
=(309.936 / 2082.777) / (275.557 / 1681.877)
=0.14880902 / 0.16383897
=0.9083

2. GMI = Gross Margin Index

Measured as the ratio of gross margin in year t-1 to gross margin in year t.

Gross margin has deteriorated when this index is above 1. A firm with poorer prospects is more likely to manipulate earnings.

GMI=GrossMargin_t-1 / GrossMargin_t
=(GrossProfit_t-1 / Revenue_t-1) / (GrossProfit_t / Revenue_t)
=(760.836 / 1681.877) / (957.242 / 2082.777)
=0.45237315 / 0.45959889
=0.9843

3. AQI = Asset Quality Index

AQI is the ratio of asset quality in year t to year t-1.

Asset quality is measured as the ratio of non-current assets other than Property, Plant and Equipment to Total Assets.

AQI=(1 - (CurrentAssets_t + PPE_t) / TotalAssets_t) / (1 - (CurrentAssets_t-1 + PPE_t-1) / TotalAssets_t-1)
=(1 - (1159.236 + 622.375) / 2872.731) / (1 - (1188.847 + 523.113) / 2804.04)
=0.37981976 / 0.38946663
=0.9752

4. SGI = Sales Growth Index

Ratio of Revenue in year t to sales in year t-1.

Sales growth is not itself a measure of manipulation. However, growth companies are likely to find themselves under pressure to manipulate in order to keep up appearances.

SGI=Sales_t / Sales_t-1
=Revenue_t / Revenue_t-1
=2082.777 / 1681.877
=1.2384

5. DEPI = Depreciation Index

Measured as the ratio of the rate of Depreciation, Depletion and Amortization in year t-1 to the corresponding rate in year t.

DEPI greater than 1 indicates that assets are being depreciated at a slower rate. This suggests that the firm might be revising useful asset life assumptions upwards, or adopting a new method that is income friendly.

DEPI=(Depreciation_t-1 / (Depreciaton_t-1 + PPE_t-1)) / (Depreciation_t / (Depreciaton_t + PPE_t))
=(141.552 / (141.552 + 523.113)) / (134.25 / (134.25 + 622.375))
=0.21296743 / 0.17743268
=1.2003

Note: If the Depreciation, Depletion and Amortization data is not available, we assume that the depreciation rate is constant and set the Depreciation Index to 1.

6. SGAI = Sales, General and Administrative expenses Index

The ratio of Selling, General, & Admin. Expense(SGA) to Sales in year t relative to year t-1.

SGA expenses index > 1 means that the company is becoming less efficient in generate sales.

SGAI=(SGA_t / Sales_t) / (SGA_t-1 /Sales_t-1)
=(283.375 / 2082.777) / (264.166 / 1681.877)
=0.13605633 / 0.15706618
=0.8662

7. LVGI = Leverage Index

The ratio of total debt to Total Assets in year t relative to yeat t-1.

An LVGI > 1 indicates an increase in leverage

LVGI=((LTD_t + CurrentLiabilities_t) / TotalAssets_t) / ((LTD_t-1 + CurrentLiabilities_t-1) / TotalAssets_t-1)
=((990.129 + 260.53) / 2872.731) / ((1225.696 + 237.955) / 2804.04)
=0.43535542 / 0.52197936
=0.834

8. TATA = Total Accruals to Total Assets

Total accruals calculated as the change in working capital accounts other than cash less depreciation.

TATA=(IncomefromContinuingOperations_t - CashFlowsfromOperations_t) / TotalAssets_t
=(NetIncome_t - NonOperatingIncome_t - CashFlowsfromOperations_t) / TotalAssets_t
=(339.373 - -20.833 - 440.22) / 2872.731
=-0.0279

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator. An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

Entegris has a M-score of -2.40 suggests that the company is unlikely to be a manipulator.


Entegris Beneish M-Score Related Terms

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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

Entegris Headlines

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