- Entegris hosts an upbeat analyst day, highlighting a compelling medium-term growth outlook heading into the 4th Industrial Revolution.
- The strong balance sheet offers additional optionality via M&A and buybacks.
- Considering the range of growth drivers, I see the $4+/share medium-term EPS target as achievable, if not a tad conservative.
- The implied c. 24x P/E multiple is a premium to historical levels but is justified considering the growth potential and best-in-class operating model.
For further details see:
Entegris: Analyst Day Event Reaffirms The Compelling Growth Story