Orbotech Ltd. (NASDAQ:ORBK)

CAPS Rating: 4 out of 5

The Company is principally engaged in the design, development, manufacture and marketing of yield-enhancing, production support solutions for specialized applications in the supply chain of the electronics industry, primarily for PCBs and FPDs.

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Player Avatar cibient (< 20) Submitted: 6/29/2011 12:50:45 PM : Outperform Start Price: $12.34 ORBK Score: -19.62

Profitable in 2010, consecutive improvement in balance sht from 2008-2010. EV/EBITDA of 4.12. EV/FCF of 6.5.Results for ticker 'ORBK' (Orbotech Ltd.):Earnings Yield:   17.7%MFI Return on Capital:   26.1%MagicDiligence Research for 'ORBK':No research available.Instant Diligence:The Earnings Yield of 17.7% is Very High.The MFI Return on Capital of 26.1% is Average.Near-term Financial Health appears to be Excellent. The current ratio is 3.54.Calculations:(for quarter ended 2011-03-31)Market Cap   =   Stock_Price * Shares   =   12.36 * 36.46   =   450.62Excess Cash   =   Cash - MAX(0; (Current Liabilities - Current Assets + Cash))   =   194.01 - MAX(0; (145.23 - 513.50 + 194.01))   =   194.01Enterprise Value   =   Market Cap + Total Debt - Excess Cash   =   450.62 + 120.00 - 194.01   =   376.61MFI Invested Capital   =   Total Assets - Goodwill - Intangibles - Current Liabilities + Short Term Debt - Excess Cash   =   638.02 - 12.03 - 63.32 - 145.23 + 32.00 - 194.01   =   255.43Earnings Yield   =   Operating Earnings / Enterprise Value   =   66.57 / 376.61   =   0.177 (17.7%)MFI Return on Capital   =   Operating Earnings / MFI Invested Capital   =   66.57 / 255.43   =   0.261 (26.1%)

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