Cabot Microelectronics was founded in 2000 and is headquartered in Aurora, US

Cabot Microelectronics has offices in Aurora, Hillsboro, Tsu, Singapore and in 2 other locations

Aurora, US (HQ)

870 N Commons Dr

Hillsboro, US

100 5825 NW Pinefarm Pl

Hillsboro, US

200 7175 NW Evergreen Pkwy

Aurora, US

845 Enterprise St

Aurora, US

500 N Commons Dr

Cabot Microelectronics's revenue was reported to be $430.4 m in FY, 2016

USD

## Revenue (FY, 2016) | 430.4 m |

## Revenue growth (FY, 2015 - FY, 2016), % | 4% |

## Gross profit (FY, 2016) | 210.2 m |

## Gross profit margin (FY, 2016), % | 49% |

## Net income (FY, 2016) | 59.8 m |

## EBIT (FY, 2016) | 74.5 m |

## Market capitalization (18-Aug-2017) | 1.8 b |

## Cash (30-Sep-2016) | 287.5 m |

## EV | 1.6 b |

Cabot Microelectronics's current market capitalization is $1.8 b.

- Source: SEC Filings

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|

## Revenue | 424.7 m | 414.1 m | 430.4 m |

## Revenue growth, % | 265000% | (2%) | 4% |

## Cost of goods sold | 221.6 m | 201.9 m | 220.2 m |

## Gross profit | 203.1 m | 212.2 m | 210.2 m |

## Gross profit Margin, % | 48% | 51% | 49% |

## Sales and marketing expense | 26.5 m | 25 m | 27.7 m |

## R&D expense | 59.4 m | 59.8 m | 58.5 m |

## General and administrative expense | 45.4 m | 52.4 m | 49.4 m |

## Operating expense total | 131.3 m | 137.2 m | 135.7 m |

## EBIT | 71.8 m | 75 m | 74.5 m |

## EBIT margin, % | 17% | 18% | 17% |

## Interest expense | 3.4 m | 4.5 m | 4.7 m |

## Pre tax profit | 68.6 m | 71.2 m | 70.4 m |

## Income tax expense | 17.8 m | 15.1 m | 10.6 m |

## Net Income | 50.8 m | 56.1 m | 59.8 m |

USD | Q3, 2014^{} | Q1, 2014^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2015^{} | Q2, 2016^{} |
---|---|---|---|---|---|---|

## Revenue | 97.2 m | 100.4 m | 99.2 m | |||

## Cost of goods sold | 48.6 m | 50.2 m | 52.3 m | |||

## Gross profit | 48.6 m | 50.2 m | 46.9 m | |||

## Gross profit Margin, % | 50% | 50% | 47% | |||

## General and administrative expense | 12.8 m | 14.3 m | 13 m | |||

## Operating expense total | 12.8 m | 14.3 m | 13 m | |||

## EBIT | 15.2 m | 14.4 m | 12.3 m | |||

## EBIT margin, % | 16% | 14% | 12% | |||

## Interest expense | 1.1 m | 1.2 m | 1.2 m | |||

## Pre tax profit | 13.9 m | 13.4 m | 11.6 m | |||

## Income tax expense | 4 m | 2.1 m | 2.4 m | |||

## Net Income | 34.7 m | 19.9 m | 33.7 m | 43.6 m | 11.3 m | 20.4 m |

- Source: SEC Filings

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Cash | 226 m | 284.2 m | 354.2 m | 287.5 m |

## Accounts Receivable | 213 m | |||

## Inventories | 63.8 m | 65 m | 70.7 m | 72.1 m |

## Current Assets | 365.7 m | 428 m | 494.5 m | 437.1 m |

## PP&E | 112 m | 100.8 m | 93.7 m | 106.5 m |

## Goodwill | 44.3 m | 43.2 m | 40.4 m | 100.6 m |

## Total Assets | 554.5 m | 601.2 m | 660.5 m | 727.9 m |

## Accounts Payable | 16.7 m | 15.3 m | 15.4 m | 16.8 m |

## Total Debt | 161.9 m | 172.8 m | 164.1 m | 155.3 m |

## Current Liabilities | 67.5 m | 55.4 m | 60.6 m | 65.9 m |

## Total Liabilities | 230.3 m | |||

## Retained Earnings | 180.8 m | 227.9 m | 284.1 m | 330.8 m |

## Total Equity | 327.1 m | 372 m | 429 m | 497.6 m |

## Debt to Equity Ratio | 0.5 x | 0.5 x | 0.4 x | 0.3 x |

## Debt to Assets Ratio | 0.3 x | 0.3 x | 0.2 x | 0.2 x |

## Financial Leverage | 1.7 x | 1.6 x | 1.5 x | 1.5 x |

USD | Q3, 2014^{} | Q1, 2014^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2015^{} | Q2, 2016^{} |
---|---|---|---|---|---|---|

## Cash | 265.5 m | 295.4 m | 333.7 m | 338.7 m | 218.1 m | 226.4 m |

## Inventories | 70.9 m | 62.6 m | 64.3 m | 67.6 m | 76.2 m | 76.3 m |

## Current Assets | 412.8 m | 444.5 m | 483.5 m | 479.1 m | 364.5 m | 371.5 m |

## PP&E | 105.9 m | 95.3 m | 94.5 m | 94.1 m | 101.5 m | 104.3 m |

## Goodwill | 43.9 m | 41.9 m | 42.3 m | 42.7 m | 95.7 m | 95.6 m |

## Total Assets | 590 m | 608.1 m | 644.4 m | 647.8 m | 656.7 m | 664.6 m |

## Accounts Payable | 12.4 m | 13.1 m | 16 m | 16.3 m | 13.8 m | 16.3 m |

## Current Liabilities | 48.6 m | 53.7 m | 56.4 m | 58.2 m | 52 m | 59.5 m |

## Retained Earnings | 211.9 m | 247.9 m | 261.7 m | 271.6 m | 295.4 m | 300.2 m |

## Total Equity | 364.5 m | 383 m | 418.3 m | 417.4 m | 436.1 m | 437.1 m |

## Financial Leverage | 1.6 x | 1.6 x | 1.5 x | 1.6 x | 1.5 x | 1.5 x |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Net Income | 51.4 m | 50.8 m | 56.1 m | 59.8 m |

## Depreciation and Amortization | 20.5 m | 19.9 m | 18.7 m | 26 m |

## Accounts Receivable | (5.9 m) | (8.2 m) | 9 m | (8 m) |

## Inventories | (1.7 m) | (3.8 m) | (8.3 m) | 3.4 m |

## Accounts Payable | (1.4 m) | (850 k) | 801 k | (478 k) |

## Cash From Operating Activities | 85.5 m | 67.5 m | 98.2 m | 95.2 m |

## Purchases of PP&E | (14.6 m) | (12.6 m) | (13.8 m) | (17.7 m) |

## Cash From Investing Activities | (14.6 m) | (9 m) | (13.4 m) | (144.4 m) |

## Long-term Borrowings | (10.9 m) | (6.6 m) | (8.8 m) | (8.8 m) |

## Dividends Paid | (8.7 m) | |||

## Cash From Financing Activities | (20.2 m) | 1.2 m | (9 m) | (24.4 m) |

## Interest Paid | 3.6 m | 3.4 m | 4.1 m | 4.3 m |

## Income Taxes Paid | 17.7 m | 18 m | 8.5 m | 7.2 m |

USD | Q3, 2014^{} | Q1, 2014^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2015^{} | Q2, 2016^{} |
---|---|---|---|---|---|---|

## Net Income | 34.7 m | 19.9 m | 33.7 m | 43.6 m | 11.3 m | 20.4 m |

## Depreciation and Amortization | 14.9 m | 4.7 m | 9.3 m | 13.9 m | 6 m | 12.5 m |

## Accounts Receivable | (889 k) | (2.8 m) | 2.7 m | 8.4 m | (2.3 m) | 1.5 m |

## Inventories | (7.5 m) | 243 k | (1.7 m) | (5.2 m) | (2.9 m) | (2.2 m) |

## Accounts Payable | (3.8 m) | (906 k) | 1.4 m | 1.5 m | (2.8 m) | 93 k |

## Cash From Operating Activities | 36.7 m | 21.7 m | 48.7 m | 73.9 m | 7.2 m | 32.6 m |

## Purchases of PP&E | (10.2 m) | (2.5 m) | (5.3 m) | (8.9 m) | (5.1 m) | (10.3 m) |

## Cash From Investing Activities | (6.7 m) | (2.4 m) | (5.1 m) | (8.5 m) | (131.6 m) | (136.8 m) |

## Long-term Borrowings | (4.4 m) | (2.2 m) | (4.4 m) | (6.6 m) | (2.2 m) | (4.4 m) |

## Cash From Financing Activities | 9.3 m | (6.1 m) | 8.1 m | (8.4 m) | (11.8 m) | (26.9 m) |

Y, 2016 | |
---|---|

## EV/EBIT | 22 x |

## EV/CFO | 17.2 x |

## Debt/Equity | 0.3 x |

## Debt/Assets | 0.2 x |

## Financial Leverage | 1.5 x |

Source: 31 public H-1B filings from Cabot Microelectronics