Intrinsic value of MKS Instruments - MKSI

Previous Close

$104.60

  Intrinsic Value

$145.00

stock screener

  Rating & Target

buy

+39%

Previous close

$104.60

 
Intrinsic value

$145.00

 
Up/down potential

+39%

 
Rating

buy

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of MKSI stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Shares outstanding, mln

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  59.09
  27.60
  25.34
  23.31
  21.48
  19.83
  18.35
  17.01
  15.81
  14.73
  13.76
  12.88
  12.09
  11.38
  10.74
  10.17
  9.65
  9.19
  8.77
  8.39
  8.05
  7.75
  7.47
  7.23
  7.00
  6.80
  6.62
  6.46
  6.31
  6.18
  6.06
Revenue, $m
  1,295
  1,652
  2,071
  2,554
  3,102
  3,717
  4,399
  5,148
  5,962
  6,840
  7,780
  8,783
  9,845
  10,965
  12,143
  13,378
  14,670
  16,018
  17,422
  18,884
  20,405
  21,986
  23,629
  25,336
  27,111
  28,955
  30,872
  32,867
  34,942
  37,102
  39,352
Variable operating expenses, $m
 
  1,317
  1,636
  2,004
  2,421
  2,890
  3,409
  3,979
  4,599
  5,267
  5,984
  6,688
  7,497
  8,350
  9,247
  10,188
  11,171
  12,198
  13,267
  14,381
  15,539
  16,743
  17,994
  19,294
  20,645
  22,050
  23,510
  25,029
  26,609
  28,254
  29,968
Fixed operating expenses, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  1,138
  1,317
  1,636
  2,004
  2,421
  2,890
  3,409
  3,979
  4,599
  5,267
  5,984
  6,688
  7,497
  8,350
  9,247
  10,188
  11,171
  12,198
  13,267
  14,381
  15,539
  16,743
  17,994
  19,294
  20,645
  22,050
  23,510
  25,029
  26,609
  28,254
  29,968
Operating income, $m
  157
  335
  435
  550
  681
  828
  990
  1,169
  1,363
  1,572
  1,797
  2,094
  2,348
  2,615
  2,896
  3,191
  3,498
  3,820
  4,155
  4,504
  4,866
  5,243
  5,635
  6,042
  6,465
  6,905
  7,363
  7,838
  8,333
  8,848
  9,385
EBITDA, $m
  223
  433
  543
  670
  814
  975
  1,154
  1,350
  1,564
  1,794
  2,041
  2,304
  2,582
  2,876
  3,185
  3,509
  3,848
  4,201
  4,570
  4,953
  5,352
  5,767
  6,198
  6,645
  7,111
  7,594
  8,097
  8,621
  9,165
  9,732
  10,322
Interest expense (income), $m
  21
  41
  60
  81
  106
  134
  165
  200
  238
  280
  325
  373
  424
  479
  536
  596
  659
  725
  794
  866
  941
  1,019
  1,099
  1,183
  1,271
  1,361
  1,456
  1,554
  1,656
  1,762
  1,872
Earnings before tax, $m
  128
  294
  375
  469
  575
  694
  825
  969
  1,124
  1,292
  1,472
  1,721
  1,923
  2,136
  2,360
  2,594
  2,839
  3,095
  3,361
  3,638
  3,925
  4,225
  4,536
  4,859
  5,195
  5,544
  5,907
  6,284
  6,677
  7,086
  7,513
Tax expense, $m
  23
  79
  101
  127
  155
  187
  223
  261
  304
  349
  397
  465
  519
  577
  637
  700
  767
  836
  907
  982
  1,060
  1,141
  1,225
  1,312
  1,403
  1,497
  1,595
  1,697
  1,803
  1,913
  2,028
Net income, $m
  105
  214
  274
  342
  420
  506
  602
  707
  821
  943
  1,074
  1,257
  1,404
  1,560
  1,723
  1,894
  2,073
  2,259
  2,453
  2,655
  2,866
  3,084
  3,311
  3,547
  3,792
  4,047
  4,312
  4,588
  4,874
  5,173
  5,484

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  418
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  2,212
  2,289
  2,869
  3,537
  4,297
  5,149
  6,093
  7,130
  8,257
  9,473
  10,776
  12,164
  13,635
  15,187
  16,819
  18,530
  20,318
  22,185
  24,130
  26,156
  28,262
  30,451
  32,727
  35,092
  37,549
  40,104
  42,759
  45,522
  48,396
  51,388
  54,505
Adjusted assets (=assets-cash), $m
  1,794
  2,289
  2,869
  3,537
  4,297
  5,149
  6,093
  7,130
  8,257
  9,473
  10,776
  12,164
  13,635
  15,187
  16,819
  18,530
  20,318
  22,185
  24,130
  26,156
  28,262
  30,451
  32,727
  35,092
  37,549
  40,104
  42,759
  45,522
  48,396
  51,388
  54,505
Revenue / Adjusted assets
  0.722
  0.722
  0.722
  0.722
  0.722
  0.722
  0.722
  0.722
  0.722
  0.722
  0.722
  0.722
  0.722
  0.722
  0.722
  0.722
  0.722
  0.722
  0.722
  0.722
  0.722
  0.722
  0.722
  0.722
  0.722
  0.722
  0.722
  0.722
  0.722
  0.722
  0.722
Average production assets, $m
  348
  445
  557
  687
  835
  1,000
  1,183
  1,385
  1,604
  1,840
  2,093
  2,363
  2,648
  2,950
  3,267
  3,599
  3,946
  4,309
  4,687
  5,080
  5,489
  5,914
  6,356
  6,815
  7,293
  7,789
  8,305
  8,841
  9,399
  9,981
  10,586
Working capital, $m
  762
  453
  567
  700
  850
  1,019
  1,205
  1,410
  1,633
  1,874
  2,132
  2,406
  2,697
  3,004
  3,327
  3,666
  4,020
  4,389
  4,774
  5,174
  5,591
  6,024
  6,474
  6,942
  7,428
  7,934
  8,459
  9,005
  9,574
  10,166
  10,783
Total debt, $m
  612
  866
  1,177
  1,534
  1,941
  2,397
  2,902
  3,456
  4,060
  4,710
  5,407
  6,150
  6,937
  7,767
  8,640
  9,555
  10,512
  11,511
  12,552
  13,635
  14,762
  15,934
  17,151
  18,416
  19,731
  21,097
  22,518
  23,996
  25,534
  27,135
  28,802
Total liabilities, $m
  970
  1,224
  1,535
  1,892
  2,299
  2,755
  3,260
  3,814
  4,418
  5,068
  5,765
  6,508
  7,295
  8,125
  8,998
  9,913
  10,870
  11,869
  12,910
  13,993
  15,120
  16,292
  17,509
  18,774
  20,089
  21,455
  22,876
  24,354
  25,892
  27,493
  29,160
Total equity, $m
  1,242
  1,064
  1,334
  1,645
  1,998
  2,394
  2,833
  3,315
  3,840
  4,405
  5,011
  5,656
  6,340
  7,062
  7,821
  8,616
  9,448
  10,316
  11,221
  12,162
  13,142
  14,160
  15,218
  16,318
  17,460
  18,648
  19,883
  21,168
  22,504
  23,896
  25,345
Total liabilities and equity, $m
  2,212
  2,288
  2,869
  3,537
  4,297
  5,149
  6,093
  7,129
  8,258
  9,473
  10,776
  12,164
  13,635
  15,187
  16,819
  18,529
  20,318
  22,185
  24,131
  26,155
  28,262
  30,452
  32,727
  35,092
  37,549
  40,103
  42,759
  45,522
  48,396
  51,389
  54,505
Debt-to-equity ratio
  0.493
  0.810
  0.880
  0.930
  0.970
  1.000
  1.020
  1.040
  1.060
  1.070
  1.080
  1.090
  1.090
  1.100
  1.100
  1.110
  1.110
  1.120
  1.120
  1.120
  1.120
  1.130
  1.130
  1.130
  1.130
  1.130
  1.130
  1.130
  1.130
  1.140
  1.140
Adjusted equity ratio
  0.462
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  105
  214
  274
  342
  420
  506
  602
  707
  821
  943
  1,074
  1,257
  1,404
  1,560
  1,723
  1,894
  2,073
  2,259
  2,453
  2,655
  2,866
  3,084
  3,311
  3,547
  3,792
  4,047
  4,312
  4,588
  4,874
  5,173
  5,484
Depreciation, amort., depletion, $m
  66
  98
  108
  120
  133
  147
  164
  181
  201
  222
  244
  209
  234
  261
  289
  318
  349
  381
  415
  450
  486
  523
  562
  603
  645
  689
  735
  782
  832
  883
  937
Funds from operations, $m
  158
  313
  382
  462
  553
  654
  766
  888
  1,022
  1,165
  1,318
  1,466
  1,638
  1,821
  2,012
  2,212
  2,422
  2,640
  2,868
  3,105
  3,351
  3,607
  3,874
  4,150
  4,437
  4,736
  5,047
  5,370
  5,706
  6,056
  6,421
Change in working capital, $m
  -22
  98
  115
  132
  150
  169
  187
  205
  223
  241
  258
  275
  291
  307
  323
  338
  354
  369
  385
  401
  417
  433
  450
  468
  486
  505
  525
  546
  569
  592
  617
Cash from operations, $m
  180
  215
  267
  330
  402
  485
  579
  683
  799
  924
  1,061
  1,191
  1,347
  1,514
  1,689
  1,874
  2,068
  2,271
  2,483
  2,704
  2,935
  3,174
  3,423
  3,682
  3,951
  4,231
  4,521
  4,824
  5,138
  5,464
  5,804
Maintenance CAPEX, $m
  0
  -31
  -39
  -49
  -61
  -74
  -88
  -105
  -123
  -142
  -163
  -185
  -209
  -234
  -261
  -289
  -318
  -349
  -381
  -415
  -450
  -486
  -523
  -562
  -603
  -645
  -689
  -735
  -782
  -832
  -883
New CAPEX, $m
  -19
  -97
  -113
  -130
  -148
  -165
  -183
  -201
  -219
  -236
  -253
  -270
  -286
  -301
  -317
  -332
  -347
  -363
  -378
  -393
  -409
  -425
  -442
  -459
  -477
  -496
  -516
  -536
  -558
  -581
  -605
Cash from investing activities, $m
  -727
  -128
  -152
  -179
  -209
  -239
  -271
  -306
  -342
  -378
  -416
  -455
  -495
  -535
  -578
  -621
  -665
  -712
  -759
  -808
  -859
  -911
  -965
  -1,021
  -1,080
  -1,141
  -1,205
  -1,271
  -1,340
  -1,413
  -1,488
Free cash flow, $m
  -547
  87
  115
  151
  194
  246
  307
  377
  457
  546
  645
  736
  853
  978
  1,111
  1,253
  1,402
  1,559
  1,724
  1,896
  2,076
  2,263
  2,458
  2,661
  2,871
  3,089
  3,316
  3,552
  3,797
  4,051
  4,316
Issuance/(repayment) of debt, $m
  598
  265
  310
  358
  406
  456
  505
  555
  603
  651
  697
  743
  787
  830
  873
  915
  957
  999
  1,041
  1,083
  1,127
  1,171
  1,217
  1,265
  1,315
  1,367
  1,421
  1,478
  1,538
  1,601
  1,667
Issuance/(repurchase) of shares, $m
  -3
  15
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  590
  280
  310
  358
  406
  456
  505
  555
  603
  651
  697
  743
  787
  830
  873
  915
  957
  999
  1,041
  1,083
  1,127
  1,171
  1,217
  1,265
  1,315
  1,367
  1,421
  1,478
  1,538
  1,601
  1,667
Total cash flow (excl. dividends), $m
  37
  368
  426
  508
  600
  702
  812
  932
  1,060
  1,197
  1,342
  1,479
  1,640
  1,808
  1,984
  2,168
  2,359
  2,558
  2,765
  2,980
  3,203
  3,435
  3,675
  3,926
  4,186
  4,456
  4,737
  5,030
  5,335
  5,652
  5,983
Retained Cash Flow (-), $m
  -81
  -229
  -270
  -311
  -353
  -396
  -439
  -482
  -524
  -566
  -606
  -645
  -684
  -722
  -759
  -795
  -832
  -868
  -905
  -942
  -979
  -1,018
  -1,058
  -1,100
  -1,143
  -1,188
  -1,235
  -1,284
  -1,337
  -1,391
  -1,449
Prev. year cash balance distribution, $m
 
  407
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  545
  156
  197
  247
  306
  373
  450
  536
  631
  736
  833
  956
  1,086
  1,225
  1,372
  1,527
  1,690
  1,860
  2,038
  2,223
  2,416
  2,617
  2,826
  3,043
  3,268
  3,502
  3,745
  3,998
  4,261
  4,534
Discount rate, %
 
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
 
  523
  143
  172
  203
  237
  271
  304
  335
  363
  386
  396
  408
  413
  411
  403
  388
  368
  343
  314
  283
  250
  217
  185
  155
  127
  102
  80
  62
  47
  34
Current shareholders' claim on cash, %
  100
  99.6
  99.6
  99.6
  99.6
  99.6
  99.6
  99.6
  99.6
  99.6
  99.6
  99.6
  99.6
  99.6
  99.6
  99.6
  99.6
  99.6
  99.6
  99.6
  99.6
  99.6
  99.6
  99.6
  99.6
  99.6
  99.6
  99.6
  99.6
  99.6
  99.6

MKS Instruments, Inc. is a global provider of instruments, subsystems and process control solutions that measures, controls, powers, delivers, monitors and analyzes critical parameters of advanced manufacturing processes. The Company operates through two segments, including the Vacuum & Analysis segment and the Light & Motion segment. The Vacuum & Analysis segment provides a range of instruments, components, subsystems and software, which are derived from its core competencies in pressure measurement and control, flow measurement and control, gas and vapor delivery, gas composition analysis, residual gas analysis, leak detection, control and information technology, ozone generation and delivery, radio frequency (RF) and direct current (DC) power, reactive gas generation and vacuum technology. The Light & Motion segment provides a range of instruments, components and subsystems, which are derived from its core competencies in lasers, photonics and optics.

FINANCIAL RATIOS  of  MKS Instruments (MKSI)

Valuation Ratios
P/E Ratio 53.5
Price to Sales 4.3
Price to Book 4.5
Price to Tangible Book
Price to Cash Flow 31.2
Price to Free Cash Flow 34.9
Growth Rates
Sales Growth Rate 59.1%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 58.3%
Cap. Spend. - 3 Yr. Gr. Rate 9.6%
Financial Strength
Quick Ratio 38
Current Ratio 0.2
LT Debt to Equity 48.4%
Total Debt to Equity 49.3%
Interest Coverage 7
Management Effectiveness
Return On Assets 7%
Ret/ On Assets - 3 Yr. Avg. 8.8%
Return On Total Capital 7%
Ret/ On T. Cap. - 3 Yr. Avg. 9.6%
Return On Equity 8.7%
Return On Equity - 3 Yr. Avg. 10.2%
Asset Turnover 0.7
Profitability Ratios
Gross Margin 43.7%
Gross Margin - 3 Yr. Avg. 43.9%
EBITDA Margin 16.6%
EBITDA Margin - 3 Yr. Avg. 19.6%
Operating Margin 12.1%
Oper. Margin - 3 Yr. Avg. 16.2%
Pre-Tax Margin 9.9%
Pre-Tax Margin - 3 Yr. Avg. 15.6%
Net Profit Margin 8.1%
Net Profit Margin - 3 Yr. Avg. 12.6%
Effective Tax Rate 18%
Eff/ Tax Rate - 3 Yr. Avg. 18.6%
Payout Ratio 34.3%

MKSI stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the MKSI stock intrinsic value calculation we used $1295 million for the last fiscal year's total revenue generated by MKS Instruments. The default revenue input number comes from 2016 income statement of MKS Instruments. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our MKSI stock valuation model: a) initial revenue growth rate of 27.6% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for MKSI is calculated based on our internal credit rating of MKS Instruments, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of MKS Instruments.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of MKSI stock the variable cost ratio is equal to 80.7%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for MKSI stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 6.9% for MKS Instruments.

Corporate tax rate of 27% is the nominal tax rate for MKS Instruments. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the MKSI stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for MKSI are equal to 26.9%.

Life of production assets of 11.3 years is the average useful life of capital assets used in MKS Instruments operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for MKSI is equal to 27.4%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $1242 million for MKS Instruments - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 54.921 million for MKS Instruments is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of MKS Instruments at the current share price and the inputted number of shares is $5.7 billion.

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COMPANY NEWS

▶ Stocks To Watch Ahead Of Earnings: MKS Instruments   [Jan-18-18 03:00AM  Investor's Business Daily]
▶ Are MKS Instruments Incs (MKSI) Interest Costs Too High?   [Dec-05-17 01:25PM  Simply Wall St.]
▶ MKS Instruments Announces Upcoming Investor Events   [Nov-16-17 09:00AM  GlobeNewswire]
▶ MKS Instruments Increases Quarterly Cash Dividend   [Oct-31-17 09:00AM  GlobeNewswire]
▶ MKS Instruments Crushes Third-Quarter Estimates, Stock Rises   [Oct-24-17 05:55PM  Investor's Business Daily]
▶ MKS Instruments beats Street 3Q forecasts   [04:59PM  Associated Press]
▶ In the Chips: 10 Experts Share Semiconductor Buys   [Oct-11-17 10:35AM  Investopedia]
▶ Does MKS Instruments Incs (MKSI) PE Ratio Warrant A Buy?   [Oct-01-17 11:42AM  Simply Wall St.]
▶ MKS Instruments Announces Upgrade from S&P Global Ratings   [Sep-26-17 04:10PM  GlobeNewswire]
▶ MKS Instruments Announces Upcoming Investor Events   [Aug-23-17 09:00AM  GlobeNewswire]
▶ 3 Big Stocks with Huge Growth Prospects   [Jul-31-17 05:04PM  Zacks]
▶ MKS Instruments Announces Upcoming Investor Events   [Jul-27-17 09:00AM  GlobeNewswire]
▶ Texas Instruments, AMD Cheered For Earnings, But Stocks Fade   [Jul-26-17 04:49PM  Investor's Business Daily]
▶ MKS Instruments meets 2Q profit forecasts   [Jul-25-17 10:03PM  Associated Press]
▶ Two Top Chipmakers Top Views, Guide Up, Near Buys   [05:39PM  Investor's Business Daily]
▶ Why MKS Instruments Is One To Keep An Eye On   [Jul-18-17 05:18AM  Investor's Business Daily]
▶ MKS Instruments Initiated At Buy; Chip Gear Mergers Heat Up   [Jul-06-17 04:28PM  Investor's Business Daily]
▶ Top Ranked Growth Stocks to Buy for June 22nd   [Jun-22-17 10:10AM  Zacks]
▶ Top Ranked Growth Stocks to Buy for June 8th   [Jun-08-17 11:02AM  Zacks]
▶ 5 Stocks To Buy At The Top   [Jun-02-17 01:39PM  Zacks]
Financial statements of MKSI
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