Cabot Microelectronics Corporation (CCMP) Company Bio
Cabot Microelectronics develops, manufactures, and sells polishing slurries and pads used in the manufacture of advanced integrated circuit devices in the semiconductor industry. The company was founded in 1999 and is based in Aurora, Illinois.
CCMP Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for CMC Materials Inc with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that CMC Materials Inc ranked in the 32th percentile in terms of potential gain offered. Our DCF analysis suggests the stock is overvalued by about 56.83%. The most interesting components of our discounted cash flow analysis for CMC Materials Inc ended up being:
84% of the company's capital comes from equity, which is greater than 61.72% of stocks in our cash flow based forecasting set.
CMC Materials Inc's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at 5.08. This coverage rate is greater than that of 61.91% of stocks we're observing for the purpose of forecasting via discounted cash flows.
The weighted average cost of capital for the company is 8. This value is greater than just 13.05% stocks in the Technology sector that generate free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
ENV, FICO, LEAF, AMOT, and APH can be thought of as valuation peers to CCMP, in the sense that they are in the Technology sector and have a similar price forecast based on DCF valuation.
Aurora, IL, Jan. 14, 2021 (GLOBE NEWSWIRE) -- CMC Materials (Nasdaq: CCMP), a leading global supplier of consumable materials to semiconductor manufacturers and pipeline companies, announced the timing of its earnings release and conference call information for the first quarter of fiscal year 2021, which ended December 31, 2020. The earnings release, slide presentation and corresponding prepared remarks will be available in the Investor Relations section of the company’s website, cmcmaterials.com, after market close on Wednesday, February 3, 2021. Conference call: Thursday, February 4, at 10:00 a.m. Eastern Time Dial-in information: United States: (833) 714-0937 International: (778) 560-2685 Conference code: 453...
Before we spend countless hours researching a company, we like to analyze what insiders, hedge funds and billionaire investors think of the stock first. This is a necessary first step in our investment process because our research has shown that the elite investors’ consensus returns have been exceptional. In the following paragraphs, we find out […]
Aurora, IL, Dec. 07, 2020 (GLOBE NEWSWIRE) -- CMC Materials, Inc. (Nasdaq: CCMP) today announced that its Board of Directors has declared a quarterly cash dividend of $0.44 per share ($1.76 per share on an annualized basis) on the company's common stock. The dividend will be payable on or about January 29, 2021 to shareholders of record at the close of business on December 22, 2020.ABOUT CMC MATERIALS, INC. CMC Materials, Inc., headquartered in Aurora, Illinois, is a leading global supplier of consumable materials to semiconductor manufacturers and pipeline companies. The company’s products play a critical role in the production of advanced semiconductor devices, helping to enable the manufacture of smaller, faster and more complex devices by its customers. CMC Materials, Inc. is also...