Orbotech Ltd. (NASDAQ:ORBK)
CAPS Rating:
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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Recs
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%)