MKS Instruments Inc Stock Research

Market Summary

USD84.96-1.10

Delayed

-1.28%

MKSI Alerts

Big jump in Revenue (Y/Y)
Big fall in earnings (Y/Y)

MKSI Stock Price

MKSI RSI Chart

MKSI Valuation

Market Cap

5.7B

Price/Earnings (Trailing)

16.99

Price/Sales (Trailing)

1.6

EV/EBITDA

11.6

Price/Free Cashflow

15.5

MKSI Price/Sales (Trailing)

MKSI Profitability

EBT Margin

16.92%

Return on Equity

10.35%

Return on Assets

3.78%

Free Cashflow Yield

6.45%

MKSI Fundamentals

MKSI Revenue

Revenue (TTM)

3.5B

Revenue Y/Y

42.22%

Revenue Q/Q

13.84%

MKSI Earnings

Earnings (TTM)

333.0M

Earnings Y/Y

-64.1%

Earnings Q/Q

800%

Price Action

52 Week Range

64.59162.85

(Low)(High)

Last 7 days

-6.3%

Last 30 days

-7.2%

Last 90 days

1.5%

Trailing 12 Months

-44.7%

MKSI Financial Health

Current Ratio

2.76

Debt/Equity

1.18

Debt/Cashflow

0.11

MKSI Investor Care

Dividend Yield

1.04%

Dividend/Share (TTM)

0.88

Shares Dilution (1Y)

20.00%

Diluted EPS (TTM)

5.56

Peers (Alternatives to MKS Instruments)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
NVDA	660.4B	27.0B	29.03%	-4.80%	151.18	24.48	0.22%	-55.21%
QCOM	139.6B	43.0B	0.65%	-20.85%	11.86	3.25	19.21%	17.89%
KLAC	53.0B	10.5B	-0.71%	3.57%	14.97	5.06	28.39%	18.56%
FSLR	22.5B	2.6B	29.03%	165.43%	-509.56	8.59	-10.40%	-109.42%
TER	16.6B	3.2B	5.53%	-13.02%	23.15	5.25	-14.79%	-29.48%
MID-CAP
OLED	7.0B	616.6M	14.00%	-13.75%	33.22	11.32	11.40%	14.03%
MKSI	5.7B	3.5B	-7.23%	-44.75%	16.99	1.6	20.25%	-39.61%
ONTO	4.2B	1.0B	10.98%	-5.08%	18.68	4.15	27.42%	56.89%
AEIS	3.6B	1.8B	4.88%	7.84%	18.18	1.97	26.75%	48.19%
PI	3.4B	257.8M	5.06%	89.40%	-138.03	13.01	35.48%	52.59%
SMALL-CAP
COHU	1.8B	812.8M	6.20%	15.98%	18.58	2.21	-8.39%	-42.12%
AEHR	1.1B	61.1M	19.04%	246.01%	85.61	17.32	116.81%	892.05%
ACMR	663.1M	388.8M	-3.62%	-48.78%	16.89	1.71	49.69%	3.99%
INTT	217.1M	112.6M	35.51%	101.19%	31.21	1.93	45.44%	5.14%

Financials for MKS Instruments

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	10.0%	3,547	3,225	3,013	2,998	2,950
Gross Profit	9.2%	1,547	1,416	1,374	1,391	1,380
S&GA Expenses	17.6%	488	415	384	380	385
R&D Expenses	10.0%	241	219	208	205	200
EBITDA	-2.0%	793	809	821	-	-
EBITDA Margin	-8.4%	0.25*	0.27*	0.27*	-	-
Earnings Before Taxes	-20.6%	433	546	672	688	666
EBT Margin	-24.1%	0.17*	0.22*	0.23*	-	-
Interest Expenses	78.1%	177	99.00	25.00	24.00	25.00
Net Income	-22.4%	333	429	555	571	551
Net Income Margin	-27.7%	0.13*	0.18*	0.19*	-	-
Free Cahsflow	11.1%	407	366	475	-	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	1.1%	11,495	11,372	4,749	4,649	4,540
Current Assets	0.1%	2,794	2,791	2,349	2,258	2,147
Cash Equivalents	2.8%	909	884	1,065	1,011	966
Inventory	1.7%	977	961	689	636	577
Net PPE	22.1%	800	655	377	331	326
Goodwill	11.9%	4,308	3,851	1,220	1,227	1,228
Liabilities	-2.9%	7,012	7,223	1,620	1,622	1,653
Current Liabilities	-5.8%	952	1,011	457	436	460
. Short Term Borrowings	-2.1%	93.00	95.00	11.00	12.00	9.00
Long Term Debt	-1.2%	4,834	4,893	804	806	808
Shareholder's Equity	8.1%	4,483	4,149	3,129	3,027	2,887
Retained Earnings	1.7%	2,272	2,233	2,240	2,122	1,991
Additional Paid-In Capital	0.8%	2,142	2,124	923	909	907
Accumulated Depreciation	-	613	-	-	-	-
Shares Outstanding	0.2%	67.00	67.00	56.00	56.00	56.00

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	-1.9%	529	540	494	554	640
Share Based Compensation	13.4%	45.00	40.00	39.00	35.00	37.00
Cashflow From Investing	-4.6%	-4,552	-4,353	-105	-172	-204
Cashflow From Financing	-3.3%	3,971	4,105	-55.10	-59.10	-65.10
Dividend Payments	7.0%	52.00	49.00	49.00	49.00	48.00

Risks for MKSI

What is the probability of a big loss on MKSI?

88.5%

Probability that MKS Instruments stock will be more than 20% underwater in next one year

58.1%

Probability that MKS Instruments stock will be more than 30% underwater in next one year.

30.4%

Probability that MKS Instruments stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does MKSI drawdown profile look like?

Y-axis is the maximum loss one would have experienced if MKS Instruments was unfortunately bought at previous high price.

Drawdowns

Returns for MKSI

Cumulative Returns on MKSI

13.6%

10-Year Cumulative Returns

13.9%

7-Year Cumulative Returns

-5.3%

5-Year Cumulative Returns

1.1%

3-Year Cumulative Returns

What are the long-term rolling returns for MKSI?

FIve years rolling returns for MKS Instruments.

Annualized Returns

Which funds bought or sold MKSI recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	added	12.29	42,772,300	325,427,000	0.36%
2023-03-06	Rockefeller Capital Management L.P.	reduced	-52.17	-2,000	1,000	-%
2023-02-28	Voya Investment Management LLC	added	3.04	111,257	2,083,260	-%
2023-02-24	NATIXIS	new	-	5,371,880	5,371,880	0.03%
2023-02-22	TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY	reduced	-55.79	-2,249,000	1,864,000	0.02%
2023-02-22	CVA Family Office, LLC	new	-	424	424	-%
2023-02-21	NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC	reduced	-35.9	-233,524	448,476	0.01%
2023-02-21	MACQUARIE GROUP LTD	reduced	-5.26	-68,000	150,000	-%
2023-02-21	KB FINANCIAL PARTNERS, LLC	unchanged	-	-	22,000	0.01%
2023-02-21	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	reduced	-19.63	-21,952	104,048	-%

Latest Funds Activity

Are funds buying MKSI calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own MKSI

No. of Funds

MKS Instruments News

Schedule 13G FIlings of MKS Instruments

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 10, 2023	capital international investors	10.3%	6,828,763	SC 13G/A
Feb 10, 2023	capital international investors	9.9%	6,585,222	SC 13G/A
Feb 09, 2023	vanguard group inc	9.54%	6,344,398	SC 13G/A
Feb 07, 2023	blackrock inc.	8.3%	5,490,257	SC 13G/A
Feb 06, 2023	wellington management group llp	2.85%	1,898,238	SC 13G/A
Feb 02, 2023	victory capital management inc	5.77%	3,840,757	SC 13G
Aug 29, 2022	carlyle group inc.	12.8%	8,482,732	SC 13G
Feb 11, 2022	capital international investors	8.8%	4,859,954	SC 13G/A
Feb 04, 2022	wellington management group llp	7.94%	4,401,028	SC 13G/A
Feb 01, 2022	blackrock inc.	9.1%	5,059,771	SC 13G/A

MKSI Fair Value

MKS Instruments fair value in different scenarios

The table shows the Fair Value estimates for MKS Instruments for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	130.20 53.25%	180.15 112.04%	265.71 212.75%	336.81 296.43%	401.68 372.79%
Current Inflation	120.28 41.57%	163.51 92.46%	236.15 177.95%	295.78 248.14%	350.22 312.22%
Very High Inflation	108.01 27.13%	143.36 68.74%	201.21 136.83%	247.92 191.81%	290.64 242.09%

Historical MKS Instruments Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of MKS Instruments

View All Filings

Date Filed	Form Type	Document
Mar 16, 2023	4	Insider Trading
Mar 16, 2023	4	Insider Trading
Mar 14, 2023	10-K	Annual Report
Feb 27, 2023	8-K	Current Report
Feb 27, 2023	NT 10-K	NT 10-K
Feb 16, 2023	4	Insider Trading
Feb 16, 2023	4	Insider Trading
Feb 16, 2023	4	Insider Trading
Feb 16, 2023	4	Insider Trading
Feb 16, 2023	4	Insider Trading

Latest Insider Trading transactions for MKSI

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-15	Moloney Jacqueline F	sold	-19,500	86.67	-225	-
2023-03-15	Mora Elizabeth	sold	-17,334	86.67	-200	-
2023-02-15	Burke Kathleen Flaherty	sold (taxes)	-348,407	100	-3,474	evp, gc & secretary
2023-02-15	Lee John Tseng-Chung	acquired	-	-	47,030	president & ceo
2023-02-15	Schreiner James Alan	acquired	-	-	6,457	evp & coo, msd
2023-02-15	Schreiner James Alan	sold (taxes)	-190,451	100	-1,899	evp & coo, msd
2023-02-15	Burke Kathleen Flaherty	acquired	-	-	10,105	evp, gc & secretary
2023-02-15	Lee John Tseng-Chung	sold (taxes)	-2,092,250	100	-20,862	president & ceo
2023-02-15	Gitin Mark Milton	acquired	-	-	3,821	evp & gm, psd
2023-02-15	Henry David Philip	sold (taxes)	-163,372	100	-1,629	evp, operations & corp mktg

About MKS Instruments

John Tseng Chung Lee

www.mksinst.com

6400

MKS Instruments, Inc. provides instruments, systems, subsystems, and process control solutions that measure, monitor, deliver, analyze, power, and control critical parameters of manufacturing processes worldwide. Its Vacuum & Analysis segment offers pressure and vacuum control solutions, including direct and indirect pressure measurement; materials delivery solutions comprising flow and valve technologies, as well as integrated pressure measurement and control subsystems, which provide customers with precise control capabilities; power solutions products, such as microwave, power delivery systems, radio frequency matching networks, and metrology products used in providing energy to etching, stripping, and deposition processes; and plasma and reactive gas products. Its Light & Motion segment offers laser products, such as continuous wave and pulsed nanosecond, diode and diode-pumped solid-state, and fiber laser technologies; and photonics products comprising motion control, optical tables and vibration isolation systems, photonic instruments, optics and optical assemblies, opto-mechanical components, temperature sensing products for wafer fabrication systems, and laser and LED measurement products, including laser power and energy meters, laser beam profilers, and optical and photonic subsystems. Its Equipment & Solutions segment provides laser-based systems for printed circuit board (PCB) manufacturing, including flexible interconnect PCB processing systems and high-density interconnect solutions for rigid PCB manufacturing and substrate processing, and multi-layer ceramic capacitor test systems. It serves semiconductor, industrial technologies, life and health sciences, research, and defense markets. It sells its products and services through its direct sales organization, independent distributors, and sales representatives, as well as through its websites and product catalogs. The company was incorporated in 1961 and is headquartered in Andover, Massachusetts.

MKSI Income Statement

2022-12-31

Consolidated Statements of Operations and Comprehensive Income - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Net revenues:
Net revenues	$ 3,547	$ 2,950	$ 2,330
Cost of revenues:
Cost of revenues	2,000	1,570	1,281
Gross profit	1,547	1,380	1,049
Research and development	241	200	173
Selling, general and administrative	488	385	353
Acquisition and integration costs	52	30	4
Restructuring and other	10	11	10
Amortization of intangible assets	146	55	55
Gain on sale of long-lived assets	(7)	0	0
Income from operations	617	699	454
Interest income	(4)	0	(1)
Interest expense	177	25	29
Other expense, net	11	9	3
Income before income taxes	433	665	423
Provision for income taxes	100	114	73
Net income	333	551	350
Other comprehensive income, net of tax:
Changes in value of financial instruments designated as cash flow hedges	50	20	(11)
Foreign currency translation adjustments	18	(31)	35
Unrecognized pension gain (loss)	12	0	(1)
Total comprehensive income	$ 413	$ 540	$ 373
Net income per share:
Basic	$ 5.57	$ 9.95	$ 6.36
Diluted	$ 5.56	$ 9.90	$ 6.33
Weighted average common shares outstanding:
Basic	59.7	55.4	55.1
Diluted	59.9	55.7	55.3
Products [Member]
Net revenues:
Net revenues	$ 3,119	$ 2,579	$ 2,015
Cost of revenues:
Cost of revenues	1,774	1,371	1,107
Services [Member]
Net revenues:
Net revenues	428	371	315
Cost of revenues:
Cost of revenues	$ 226	$ 199	$ 174

MKSI Balance Sheet

2022-12-31

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 909	$ 966
Short-term investments	1	76
Trade accounts receivable, net of allowance for doubtful accounts of $11 and $4 at December 31, 2022 and 2021, respectively	720	443
Inventories	977	577
Other current assets	187	85
Total current assets	2,794	2,147
Property, plant and equipment, net	800	326
Right-of-use assets	234	184
Goodwill	4,308	1,228
Intangible assets, net	3,173	576
Other assets	186	79
Total assets	11,495	4,540
Current liabilities:
Short-term debt	93	9
Accounts payable	426	168
Accrued compensation	101	132
Income taxes payable	51	25
Lease liabilities	26	18
Deferred revenue and customer advances	94	37
Other current liabilities	161	71
Total current liabilities	952	460
Long-term debt, net	4,834	808
Non-current deferred taxes	783	99
Non-current accrued compensation	138	49
Non-current lease liability	215	193
Other non-current liabilities	90	44
Total liabilities	7,012	1,653
Commitments and contingencies (Note 22)
Stockholders’ equity:
Preferred stock, $0.01 par value, 2 shares authorized; none issued and outstanding
Common stock, no par value, 200 shares authorized; 66.6 and 55.5 shares issued and outstanding at December 31, 2022 and 2021, respectively	0	0
Additional paid-in capital	2,142	907
Retained earnings	2,272	1,991
Accumulated other comprehensive income (loss)	69	(11)
Total stockholders’ equity	4,483	2,887
Total liabilities and stockholders' equity	$ 11,495	$ 4,540