ENTG — Valuation Models

Interactive models with editable assumptions. All calculations run client-side.

Valuation Summary

Model	Intrinsic Value	vs Price ($135.50)
DCF	$14.01	-89.7%
Graham Number	$30.03	-77.8%
Reverse DCF	—	implied g: 30.7%
DDM	$8.24	-93.9%
EV/EBITDA	$135.59	+0.1%

Values reflect default assumptions. Adjust inputs in each model below to update.

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $317.82M

Near-term growth (yrs 1–5)(%)Rev: -3.0% / EPS: -51.9%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 9.76%

Computed WACC: 9.76%

Cost of equity (Re)11.57%(Rf 4.30% + β 1.32 × ERP 5.50%)

Cost of debt (Rd)0.00%(no debt / unavailable → 0%)

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)84.37%

Debt weight (D/V)15.63%

Results

Intrinsic Value / share$10.12

Current Price$135.50

Upside / Downside-92.5%

Net Debt (used)$3.45B

Sensitivity: WACC (rows) × Near-term g (cols)

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$14.33	$21.82	$30.53	$40.62	$52.24
8.0%	$7.73	$13.76	$20.77	$28.87	$38.18
9.0%	$3.17	$8.19	$14.01	$20.73	$28.46
10.0%	$-0.19	$4.10	$9.06	$14.78	$21.34
11.0%	$-2.76	$0.97	$5.27	$10.23	$15.91

2 — Graham Number

Assumptions

MultiplierGraham used 22.5 (15× P/E × 1.5× P/B)

EPS (trailing)($)Yahoo: $1.54

Book Value / share($)Yahoo: $26.03

Results

Graham Number$30.03

Current Price$135.50

Margin of Safety-77.8%

Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 9.76%

Terminal growth rate(%)

Computed WACC: 9.76%

Cost of equity (Re)11.57%(Rf 4.30% + β 1.32 × ERP 5.50%)

Cost of debt (Rd)0.00%(no debt / unavailable → 0%)

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)84.37%

Debt weight (D/V)15.63%

Results

Current Price$135.50

Implied Near-term FCF Growth33.3%

Historical Revenue Growth-3.0%

Historical Earnings Growth-51.9%

Base FCF (TTM)$317.82M

Implied growth is the FCF growth rate (yrs 1–5) that makes the DCF intrinsic value equal the current price. Long-term growth is set to half the implied near-term rate.

4 — Dividend Discount Model (DDM)

Assumptions

Annual dividend D0($/share)Yahoo: $0.40

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$8.24

Current Price$135.50

Upside / Downside-93.9%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $875.30M

Target EV/EBITDA multipleCurrent: 27.5×

Net Debt($B)Default: $3.45B

Results

Implied Equity Value / share$135.59

Current Price$135.50

Upside / Downside+0.1%

Implied EV$24.05B

Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)

Mult \ Net Debt	$1.45B	$2.45B	$3.45B	$4.45B	$5.45B
23.5x	$125.71	$119.13	$112.54	$105.96	$99.38
25.5x	$137.23	$130.65	$124.07	$117.48	$110.90
27.5x	$148.76	$142.18	$135.59	$129.01	$122.43
29.5x	$160.28	$153.70	$147.12	$140.53	$133.95
31.5x	$171.81	$165.22	$158.64	$152.06	$145.47

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