Entegris Company Valuation & Strategic Insights — September 2026

Read the report

SlidesScroll

1 of 11

←→Full screen

COMPANY VALUATION & STRATEGIC INSIGHTS

ENTEGRIS, INC. (ENTG) · MATERIALS › MATERIALS › ADVANCED AND ENGINEERED MATERIALS

Entegris: Priced for Margin Leadership, Not for Peer-Pace Growth

Entegris, Inc. (ENTG), as of Sep 29, 2026 — how the market, the peer set and the transaction record read this business, and what the company's own record says to do next.

Sep 29, 2026 snapshot

Prepared by NeuraCap AI · Confidential

Illustrative valuation perspectives — not an opinion of value, not a fairness opinion, not a price target.

ENTG Valuation & Strategy | Sep 29, 2026 | Confidential

Sources & methodology

1

← Previous

1 / 11 · ENTEGRIS, INC. (ENTG) · MATERIALS › MATERIALS › ADVANCED AND ENGINEERED MATERIALS

Next →

What each page shows

The analyst’s walkthrough of the deck, page by page.

1. 01
   COMPANY VALUATION & STRATEGIC INSIGHTS

   ENTEGRIS, INC. (ENTG) · MATERIALS › MATERIALS › ADVANCED AND ENGINEERED MATERIALS

   Cover page introducing the Entegris valuation and strategic insights deck as of September 29, 2026.

   We built this deck to answer five questions for Entegris: what the valuation methods imply, how the market has priced the shares, where the company ranks operationally, what buyers have paid in the sector, and what strategic options follow. Everything here is illustrative analysis, not an opinion of value.

   Everything on this page

   COMPANY VALUATION & STRATEGIC INSIGHTS ENTEGRIS, INC. (ENTG) · MATERIALS › MATERIALS › ADVANCED AND ENGINEERED MATERIALS Entegris: Priced for Margin Leadership, Not for Peer-Pace Growth Entegris, Inc. (ENTG), as of Sep 29, 2026 — how the market, the peer set and the transaction record read this business, and what the company's own record says to do next. Sep 29, 2026 snapshot Prepared by NeuraCap AI · Confidential Illustrative valuation perspectives — not an opinion of value, not a fairness opinion, not a price target. ENTG Valuation & Strategy | Sep 29, 2026 | Confidential Sources & methodology 1

2. 02
   THE BOTTOM LINE

   Entegris Is Priced for Margin Leadership; The Growth Line Now Has to Carry It.

   States the deck's core conclusion: Entegris is priced for margin leadership while growth must now justify that premium.

   We start with the headline: Entegris trades on the strength of its margin, not its growth pace. The valuation methods, the market record, the operating benchmarks and the transaction record all point to the same read. So what matters now is whether the growth line can keep carrying that premium.

   Everything on this page

   THE BOTTOM LINE Entegris Is Priced for Margin Leadership; The Growth Line Now Has to Carry It. Entegris (ENTG) · Sep 29, 2026 · valuation methods, market record, operating benchmarks, precedent transactions Source: NeuraCap analytics platform (financials, estimates, comparables, transaction record, filings); market data through 2026-09-29. Illustrative valuation perspectives — not an opinion of value, not a fairness opinion, not a price target. ENTG Valuation & Strategy | Sep 29, 2026 | Confidential Sources & methodology 2 1 The Share Price Sits Far Above What the Valuation Methods' Median Implies At $150.63 the shares sit well above the methods' median of $54.45, a -64% gap, with the combined reference range at $44.81 – $114.88. The comparables and the older transaction record pull in different directions, and the market is paying for earnings quality the medians do not capture. 2 Profitability, Not Growth Pace, Is What Separates Entegris from Its Peer Set On CY2026 EBITDA margin Entegris is marked at 28.9% against a 13.5% peer average, while CY2026 revenue growth of 11.4% trails the 21.8% peer average. The premium is being paid for profit per dollar of sales rather than for pace. 3 The Filed FY2026 Cost Plan Is Where That Premium Gets Defended The filings set out a $73 million depreciation reduction and a $52.4 million gross margin increase for FY2026, with capex at $250.0 million. Q2 2026 delivered net sales of $883.2 million, up 11.5%, and adjusted EBITDA of $250.7 million — early evidence the plan is landing. 4 What Buyers Paid for Qualified Content Sits Well Below Today's Market Multiple Across a small set of 4 precedent transactions the median EV/LTM EBITDA paid is 10.3x, against 25.4x EV/CY2027E EBITDA in the market today. The $16.4B purchase of Element Solutions Inc at 26.0x shows what scaled, specification-driven materials content has commanded. $54.45 Median of the valuation methods vs the $150.63 share price — a -64% gap the deck explains 25.4x EV / CY2027E EBITDA — where ENTG trades peer median 19.7x — the multiple gap is the sentiment story 10.3x Median EV / LTM EBITDA paid for control across a small set of 4 precedent transactions — vs 25.4x in the market today 11.4% CY2027E revenue growth at a 28.9% EBITDA margin — the profile the market is pricing

3. 03
   FOOTBALL FIELD VALUATION

   The Gap to the Methods' Median Is the Market Paying for Margin the Medians Do Not Capture

   Shows each valuation method's median-multiple range against the current share price.

   Each bar reflects a method's median multiple applied to Entegris's own financials, and together they produce a reference range of $44.81 to $114.88 with a median of $54.45. The $150.63 share price sits well above that range, a -64% gap versus the median. That gap is the market crediting margin quality the medians don't capture, so it's the number we need to defend, not dismiss.

   Everything on this page

   FOOTBALL FIELD VALUATION The Gap to the Methods' Median Is the Market Paying for Margin the Medians Do Not Capture Sep 29, 2026 snapshot · each bar = the method's median multiple ±10%, applied to the company's own financials · Illustrative valuation perspectives — not an opinion of value, not a fairness opinion, not a price target. Source: NeuraCap analytics platform (financials, estimates, comparables, transaction record, filings); market data through 2026-09-29. Illustrative valuation perspectives — not an opinion of value, not a fairness opinion, not a price target. ENTG Valuation & Strategy | Sep 29, 2026 | Confidential Sources & methodology 3 Together the methods produce a reference range of $44.81 – $114.88 with a median of $54.45, some -64% below the $150.63 share price. $0 $50 $100 $150 $200 Multiples teal line = median of the valuation methods (-64% vs the share price) · amber line = current share price · shaded band = middle half of the methods TRADING 52-Week High-Low $67.97 $186.94 Analyst target range $115.00 $215.00 PUBLIC COMPARABLES EV / 2026E EBITDA $101.03 $123.48 17.76x – 21.70x EV / 2027E EBITDA $105.75 $129.25 15.58x – 19.04x EV / 2025A Revenue $40.69 $49.73 2.70x – 3.30x EV / 2026E Revenue $36.88 $45.08 2.27x – 2.78x EV / 2027E Revenue $39.97 $48.85 2.09x – 2.55x P/E (2026E Non-GAAP EPS) $120.32 $147.06 30.71x – 37.53x P/E (2027E Non-GAAP EPS) $107.11 $130.91 21.16x – 25.86x PRECEDENT TRANSACTIONS EV / LTM EBITDA $49.01 $59.90 11.70x – 14.30x EV / NTM EBITDA $23.43 $28.63 6.27x – 7.66x EV / LTM Revenue $48.25 $58.97 3.21x – 3.92x EV / NTM Revenue $69.36 $84.78 3.78x – 4.62x Methods median $54.45 Share price $150.63

4. 04
   MARKET PRICES & THE FILING RECORD

   Quarterly Delivery, Not a Single Headline, Rebuilt the Share Price This Year

   Tracks weekly closing share prices over the past year against filing markers.

   Over the year to September 29, 2026, weekly closes ranged from $73.66 to $178.77 and last closed at $150.63. We've mapped the filings that plausibly explain each move, and flagged where none do. The pattern is quarterly delivery building the price step by step rather than one headline event, so what carried the stock looks repeatable.

   Everything on this page

   MARKET PRICES & THE FILING RECORD Quarterly Delivery, Not a Single Headline, Rebuilt the Share Price This Year Weekly closes, Oct 5, 2025 – Sep 29, 2026 · range $73.66 – $178.77 · last $150.63 · numbered markers = the filings below Source: NeuraCap analytics platform (financials, estimates, comparables, transaction record, filings); market data through 2026-09-29. Move-to-event links use calibrated language; where no filing explains a move, the page says so. ENTG Valuation & Strategy | Sep 29, 2026 | Confidential Sources & methodology 4 $100 $150 2025-10 2025-11 2026-01 2026-03 2026-05 2026-07 2026-09 1 2 3 4 5 6 7 8 Weekly closes ran from $98.61 to $150.63 in the year to Sep 29, 2026, a +53% move inside a $73.66 to $178.77 band. The strength appears to reflect a run of results: Q4 2025 net sales of $824 million with non-GAAP EPS of $0.70 (event 1), then Q1 2026 net sales of $812 million with non-GAAP EPS of $0. 1 Feb 15, 2026 · Earnings Release & Result of Operations Filed 8-K - 2026-02-10 - Entegris reported Q4 2025 net sales of $824 million, GAAP diluted EPS of $0.32 and non-GAAP diluted EPS of $0.70, and provided Q1 2026 outlook. 2 Apr 19, 2026 · Liquidity, Capital Allocation & Share Repurchase Filed 8-K - 2026-04-15 - Entegris, Inc. announced a quarterly cash dividend of $0.10 per share, payable on May 20, 2026 to shareholders of record as of April 29, 2026. 3 May 3, 2026 · Executive, Officer & Director Appointment / Departure Filed 8-K - 2026-04-30 - Entegris announced the appointment of Sukhi Nagesh as senior vice president and chief financial officer, effective May 18, 2026, with a base salary of $590,000, a target bonus equal to 70% of salary, a $200,000 sign-on bonus, and an initial equity award valued at $2.1 millio 4 May 3, 2026 · Earnings Release & Result of Operations Filed 8-K - 2026-04-30 - Entegris reported Q1 2026 net sales of $812 million, GAAP diluted EPS of $0.60 and non-GAAP EPS of $0.86, and issued Q2 2026 outlook on sales and earnings. 5 May 3, 2026 · Debt, Credit Facility & Other Financing Filed 8-K - 2026-04-29 - Entegris amended its credit agreement to establish a $750 million five-year senior secured revolving credit facility that matures in 2031. 6 May 10, 2026 · Shareholder Meeting, Proxy & Voting Matter Filed 8-K - 2026-05-08 - Entegris disclosed the results of its 2026 Annual Meeting, including approval of charter amendments, director elections, executive compensation, and ratification of KPMG as auditor.

5. 05
   PERFORMANCE METRICS

   Margin Expansion, as Much as Volume, Carries the Forward Earnings Being Paid For

   Compares revenue, margin and growth levels from CY2026 through CY2029E.

   The bars show the level and the line shows growth or margin across CY2026 through CY2029E, using the platform's published estimates. Margin expansion is doing as much work as volume in supporting the forward earnings the market is paying for. So what we watch next is whether that margin trajectory holds as the estimate years roll forward.

   Everything on this page

   PERFORMANCE METRICS Margin Expansion, as Much as Volume, Carries the Forward Earnings Being Paid For CY2026 – CY2029E · bars = level, line = growth / margin · estimates are the platform's, shown as published Source: NeuraCap analytics platform (financials, estimates, comparables, transaction record, filings); market data through 2026-09-29. Growth and margin are computed from the published series; estimate years are marked E. ENTG Valuation & Strategy | Sep 29, 2026 | Confidential Sources & methodology 5 Revenue moves from $3.2B in CY2026 to $3.6B in CY2027E and $4.0B in CY2028E, with $4.5B behind it in CY2029E, while EBITDA margin steps from 27.7% to 28.9% and then 30.3%. REVENUE & REVENUE GROWTH $3.2B 2026 $3.6B 2027E $4.0B 2028E $4.5B 2029E 11.4% 13.1% 10.6% bars: revenue (navy = actual, blue = estimate) · line: revenue growth EBITDA & EBITDA MARGIN $886M 2026 $1.0B 2027E $1.2B 2028E 2029E 27.7% 28.9% 30.3% bars: ebitda (navy = actual, teal = estimate) · line: ebitda margin

6. 06
   INVESTMENT BANKING KPI BENCHMARKING

   Entegris Earns Roughly Double the Peer-Average EBITDA Margin While Growing Slower

   Benchmarks Entegris's CY2026 EBITDA margin and revenue growth against the peer set.

   Entegris's CY2026 EBITDA margin of 28.9% is more than double the 13.5% peer average, while its 11.4% revenue growth sits below the 21.8% peer average and behind faster-growing peers. This is the clearest evidence that the premium is a margin story, not a growth story. So the case for the multiple has to rest on profitability, not pace.

   Everything on this page

   INVESTMENT BANKING KPI BENCHMARKING Entegris Earns Roughly Double the Peer-Average EBITDA Margin While Growing Slower Entegris (ENTG) highlighted · vertical line = peer average excluding the target Source: NeuraCap analytics platform (financials, estimates, comparables, transaction record, filings); market data through 2026-09-29. CY2026 EBITDA margin of 28.9% is more than double the 13.5% peer average, while CY2026 revenue growth of 11.4% sits below the 21.8% peer average and behind UCTT at 32.9% and MTRN at 31.9%. ENTG Valuation & Strategy | Sep 29, 2026 | Confidential Sources & methodology 6 CY2026 REVENUE GROWTH ENTG 11.4% ACMR 30.0% DCI 7.4% ECL 11.1% HUN 8.5% ICHR 30.9% MTRN 31.9% UCTT 32.9% Peer average 21.8% CY2026 EBITDA MARGIN ENTG 28.9% ACMR 15.8% DCI 19.3% ECL 24.8% HUN 6.4% ICHR 7.6% MTRN 11.4% UCTT 9.3% Peer average 13.5%

7. 07
   COMPANY VALUATION METRICS

   The Comparable Set, with ENTG Highlighted

   Lists the comparable company set with Entegris marked against peer medians.

   Entegris is marked at 25.4x EV/CY2027E EBITDA against a 19.7x peer median, with the peer CY2026E P/E median at 34.1x. The market is rewarding the margin and the qualified position, not the growth line. So the multiple gap is the figure a counterparty will ask us to justify.

   Everything on this page

   COMPANY VALUATION METRICS The Comparable Set, with ENTG Highlighted Entegris is marked at 25.4x EV/CY2027E EBITDA against a 19.7x peer median, with the peer CY2026E P/E median at 34.1x. The market is rewarding the margin and the spec'd-in position, not the growth line. Source: NeuraCap analytics platform (financials, estimates, comparables, transaction record, filings); market data through 2026-09-29. Summary rows are computed over the peer set (outlier multiples excluded); the target row is shown for reference, not included in its own benchmark. ENTG Valuation & Strategy | Sep 29, 2026 | Confidential Sources & methodology 7 Company Price EV Mkt cap CY2027E Rev CY2027E Growth CY2027E Margin P/E 2027E P/E 2028E EV/Rev 2027E EV/EBITDA 2027E ENTG — Entegris, Inc. $150.63 $26.2B $23.0B $3.6B 11.4% 28.9% 38.4x 29.8x 7.4x 25.4x ACMR — ACM Research, Inc. $75.95 $4.7B $5.3B $1.2B 30.0% 15.8% 33.9x 23.5x 4.1x 25.7x DCI — Donaldson Company, Inc. $87.48 $11.2B $10.1B $4.0B 7.4% 19.3% 21.5x 19.2x 2.8x 14.4x ECL — Ecolab Inc. $280.23 $87.4B $78.5B $17.9B 11.1% 24.8% 34.4x 29.8x 4.9x 19.7x HUN — Huntsman Corporation $8.63 $3.9B $1.5B $6.2B 8.5% 6.4% n/a 78.3x 0.6x 10.0x ICHR — Ichor Holdings, Ltd. $59.42 $2.1B $2.2B $1.2B 30.9% 7.6% 37.3x 18.2x 1.7x 22.3x MTRN — Materion Corporation $261.99 $6.0B $5.5B $2.4B 31.9% 11.4% 37.6x 31.4x 2.5x 22.2x UCTT — Ultra Clean Holdings, Inc. $78.07 $4.1B $3.5B $2.7B 32.9% 9.3% 24.3x 11.9x 1.5x 16.2x Peer average 31.5x 30.3x 2.6x 18.6x Peer median 34.1x 23.5x 2.5x 19.7x

8. 08
   MERGERS & ACQUISITIONS

   Buyers in This Category Pay up for Qualified, Process-Critical Content and Pay Down for the Rest

   Reviews precedent transactions in the category, highlighting the deal that reads most cleanly onto Entegris.

   One deal reads cleanly onto Entegris at scale: a $16.4B transaction at 26.0x LTM EV/EBITDA. Across the small set of precedent deals, the median EV/LTM EBITDA paid is 10.3x, well below today's 25.4x market multiple, and the dispersion tracks what was actually being bought. So buyers pay up for qualified, process-critical content and pay down for the rest, which is the case Entegris has to keep making.

   Everything on this page

   MERGERS & ACQUISITIONS Buyers in This Category Pay up for Qualified, Process-Critical Content and Pay Down for the Rest One deal reads cleanly onto Entegris at scale: Solstice Advanced Materials Inc / Element Solutions Inc at $16.4B and 26.0x LTM EV/EBITDA. Source: NeuraCap analytics platform (financials, estimates, comparables, transaction record, filings); market data through 2026-09-29. Multiples are LTM/NTM at announcement where disclosed; values link to the record where a link exists. Summary rows exclude outlier multiples (disclosed on the sources page), show their n, and are suppressed (n/a) where fewer than 3 deals carry the multiple. The strategic read is a NeuraCap analytical view. * 4 of the transactions shown come from the precedent records of peers (DCI): the company's own record held too few with disclosed terms, so the set was extended. ENTG Valuation & Strategy | Sep 29, 2026 | Confidential Sources & methodology 8 Announced Acquirer Target Deal value EV LTM Rev LTM EBITDA LTM EV/Rev LTM EV/EBITDA NTM EV/Rev NTM EV/EBITDA 2026-07-06 Solstice Advanced Materials Inc Element Solutions Inc $14.5B $16.4B $3.1B $629M 5.2x 26.0x 4.2x 7.0x 2025-06-01 Veolia Environnement SA Veolia Water Solutions & Technologies S.A. * $1.8B n/a n/a n/a 1.6x n/a n/a n/a 2023-01-22 Xylem Inc. Evoqua Water Technologies Corp. * $7.0B $7.8B $1.8B $212M 4.3x n/a n/a n/a 2022-06-22 OneWater Marine Inc. Ocean Bio-Chem, Inc. $125M $123M $64M $7M 1.9x n/a n/a n/a 2019-08-07 ArcLight Capital Partners, LLC TransMontaigne Partners L.P. * $276M $276M n/a n/a n/a n/a n/a 8.8x 2019-01-02 CONMED Corporation Palmerton Holdings, Inc. and Buffalo Filter LLC * $365M n/a n/a n/a 8.3x 7.6x 7.6x n/a 2018-07-26 AptarGroup, Inc. CSP Technologies S.à r.l. $555M n/a n/a n/a n/a 13.0x n/a n/a 2016-08-01 AEP Industries Inc. Berry $765M n/a $458M $77M n/a 7.4x n/a n/a 75th percentile 5.2x 16.3x n/a n/a Average 4.3x 13.5x n/a n/a Median 4.3x 10.3x n/a n/a 25th percentile 1.9x 7.6x n/a n/a n (deals carrying the multiple; rows suppressed below n=3) n=5 n=4 n=2 n=2 THE STRATEGIC READ Across a small set of 4 transactions the median EV/LTM EBITDA paid is 10.3x, with the upper quartile at 16.3x, and the dispersion tracks what was being bought. Solstice Advanced Materials Inc paid 26.0x for Element Solutions Inc, while AEP Industries Inc. at 7.4x and CONMED Corporation at 7.6x bought narrower assets.

9. 09
   STRATEGIC ROADMAP

   The Premium Is Defended in Mix and Cost, Not in the Multiple

   Sets out strategic options for defending the premium through mix and cost, not the multiple.

   These are analytical observations grounded in the sector study, the market window and the precedent transactions, framed for evaluation rather than instruction. Each option ties back to growing recurring content, banking the filed cost actions, deploying the balance sheet toward content, and spreading geographic concentration. So what follows is where the company's own record says the premium is - and isn't - defended.

   Everything on this page

   STRATEGIC ROADMAP The Premium Is Defended in Mix and Cost, Not in the Multiple NeuraCap analytical views grounded in the sector study, the latest market window and the precedent transactions · observations, not recommendations Source: NeuraCap analytics platform (financials, estimates, comparables, transaction record, filings); market data through 2026-09-29. Each option is framed for evaluation, not as an instruction; the evidence chips show where each input comes from. ENTG Valuation & Strategy | Sep 29, 2026 | Confidential Sources & methodology 9 EVIDENCE Precedent transactions: 8 (4 via peers) NEAR TERM Grow the Recurring Purity Content Faster than the Capex-Driven Lines Advanced Purity Solutions contributed $514.6 million of Q2 2026 revenue, 58.3% of the total, with APS sales up 17% year over year on filtration and FOUP products. Weighting capacity and sales effort toward that razor-and-blade aftermarket steadies revenue through fab capex swings. MEDIUM TERM Turn the Filed Cost Actions into a Margin Step the Estimates Already Assume The filings set out FY2026 actions worth a $73 million depreciation reduction and a $52.4 million gross margin increase, with capex at $250.0 million. The estimates carry a 30.3% CY2028E EBITDA margin, above anything yet reported, so holding those gains is what supports the premium. MEDIUM TERM Point the Balance Sheet at Content, Now That Repair Work Is Largely Done Total debt is down to $3.456 billion and the amended revolver provides $750 million to 2031, alongside a $0.10 quarterly dividend. The transaction record shows the higher multiples going to qualification positions, which makes selective build-versus-buy in purity content an option worth evaluating.

10. 10
    WHAT IT MEANS

    Each Constituency Is Underwriting the Same Thing: Margin That Holds Through the Cycle

    Translates the evidence for the board, potential counterparties and advisors.

    Each audience is underwriting the same thing: margin that holds through the cycle. For the board, the premium rests on delivering the margin the market has already credited; for counterparties, the qualification value in the transaction record sets the real reference point; for advisors, the story has to be built on content per wafer, not the cycle. So the same evidence supports three consistent action points.

    Everything on this page

    WHAT IT MEANS Each Constituency Is Underwriting the Same Thing: Margin That Holds Through the Cycle The evidence translated for the people who act on it · NeuraCap view · observations, not recommendations Source: NeuraCap analytics platform (financials, estimates, comparables, transaction record, filings); market data through 2026-09-29. This page is analytical interpretation drawn from the recorded evidence. It is not investment advice. ENTG Valuation & Strategy | Sep 29, 2026 | Confidential Sources & methodology 10 FOR THE BOARD & OWNERS The Premium Rests on Margin Delivery the Board Controls The methods' median of $54.45 sits -64% below the $150.63 share price, and the difference is the market's credit for a 28.9% CY2026 EBITDA margin against a 13.5% peer average. FOR POTENTIAL COUNTERPARTIES Qualification Value, Not the Older Deal Medians, Sets the Reference A small set of 4 precedent transactions medians 10.3x EV/LTM EBITDA, well below the 25.4x EV/CY2027E EBITDA in the market. FOR ADVISORS Frame the Story on Content per Wafer, Not on the Cycle Peers average 21.8% CY2026 revenue growth against 11.4% here, so the case has to be made on content per wafer and sole-source positions behind $1,695.1 million of first-half sales. That is what the multiples above the 19.7x peer median rest on.

11. 11
    SOURCES & METHODOLOGY

    Sources, Methodology and Important Notice

    Explains the sources and methodology behind every statement in the deck.

    This page sets out how the deck is built and what each kind of statement rests on, so every figure can be traced back to its source. We treat this as the reference point for any follow-up diligence.

    Everything on this page

    SOURCES & METHODOLOGY Sources, Methodology and Important Notice How this company deck is built and what each kind of statement rests on · Sep 29, 2026 Typeface note: NeuraCap brand face is Kallisto Medium; this build renders in a standard sans (Arial). ENTG Valuation & Strategy | Sep 29, 2026 | Confidential 11 OBSERVED DATA Prices, financials, estimates, comparables and the transaction record come from the NeuraCap analytics platform exactly as recorded; filings link to their source. Nothing on any page is re-derived from outside data. PEER SET & PRECEDENTS The peer set is the platform's own refined competitor list for Entegris (7 names), used as the product's company screen uses it. Entegris's own precedent record held too few transactions with a disclosed value or multiple, so the record was extended with the peers' precedent records (DCI): 4 of the 8 transactions shown come from those records, marked * on the precedents page and de-duplicated on target and date. Summary rows are computed over the set shown and carry their n; a row resting on fewer than 3 deals is suppressed. VALUATION METHODS Each football-field bar applies a method’s median multiple, ±10% (peer multiples, or precedent-transaction multiples), to the company’s own financials; per-share values bridge enterprise value through recorded net debt and diluted shares. Illustrative valuation perspectives — not an opinion of value, not a fairness opinion, not a price target. MULTIPLE QUALITY All recorded multiples passed the sanity bounds; none were excluded. INHERITED CONTEXT No sector study or weekly update was linked to this run; positioning statements are limited accordingly. DRIVER ATTRIBUTION A share-price move is linked to a filing only in calibrated language ("the move appears to reflect…"). Where no filing explains a move, the page says so. ANALYTICAL INTERPRETATION The roadmap and what-it-means pages are NeuraCap analytical views drawn from the recorded evidence, labeled as such, framed for evaluation. IMPORTANT NOTICE This report is informational only. Illustrative valuation perspectives — not an opinion of value, not a fairness opinion, not a price target. It is not investment advice, not a recommendation to buy or sell any security, and not an offer of any kind. Readers should perform their own diligence before acting on anything described here. Linked sources: sec.gov

More coverage in Materials

• Sector Report · Sep 28, 2026Advanced and Engineered Materials Sector Outlook — September 2026
• Bi-Weekly Update · Sep 28, 2026Advanced and Engineered Materials Bi-Weekly Industry Events & M&A Update — September 14–28, 2026
• Bi-Weekly Update · Sep 28, 2026Paper and Plastic Packaging Bi-Weekly Industry Events & M&A Update — September 14–28, 2026
• Bi-Weekly Update · Sep 28, 2026Mining Exploration and Royalties Bi-Weekly Industry Events & M&A Update — September 14–28, 2026