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The Numbers:
INSIDER BUYING INTEGRATED PROCESS EQUIPMENT CORP.
------------------------------------------------------------------------
NAME DIRECT
TITLE DATE SHARES SHARE TOTAL OR
TRANSACTION TYPE BOUGHT BOUGHT PRICE HOLDINGS INDIRECT
CHITRE SANJEEV
CHAIRMAN OF THE BD 08/11/97 20,000 N/A -- I
ACQ BY EXCH OR CONV COM
CHITRE SANJEEV
CHAIRMAN OF THE BD 08/07/97 65,000 9.00 -- D
ACQ BY EXER OF OPTION COM
CHITRE SANJEEV
CHAIRMAN OF THE BD 07/17/97 25,000 N/A -- I
ACQ BY EXCH OR CONV COM
BALDAUF HAROLD C
DIRECTOR 02/12/97 20,000 N/A 20,000 I
OTHER ACQUISITION COM
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Selling:
INSIDER SELLING INTEGRATED PROCESS EQUIPMENT CORP.
------------------------------------------------------------------------
NAME DIRECT
TITLE DATE SHARES SHARE TOTAL OR
TRANSACTION TYPE SOLD SOLD PRICE HOLDINGS INDIRECT
CHITRE SANJEEV
CHAIRMAN OF THE BD 08/14/97 10,000 26.65 1,168,989 D
OPEN MARKET SALE COM
CHITRE SANJEEV
CHAIRMAN OF THE BD 08/14/97 10,000 31.13 0 I
OPEN MARKET SALE COM
CHITRE SANJEEV
CHAIRMAN OF THE BD 08/13/97 5,000 26.40 -- D
OPEN MARKET SALE COM
CHITRE SANJEEV
CHAIRMAN OF THE BD 08/13/97 5,000 26.78 -- D
OPEN MARKET SALE COM
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Numbers:
Financial Profile
Data current through 02/23/1998
Integrated Process Equip
911 Bern Court
San Jose, CA 95112
Telephone: (408) 436-2170
Fax: (408) 436-2179
Dow Jones Industry Group: Electric Comp/Equip
Business Description: Technology and market leader in the
planarization process. In a fast-growing segment of the
semiconductor capital equipment market, IPEC is leveraging its
leading technology platform based on chemical-mechanical
planarization (CMP).
Primary SIC: 8731
SIC Codes: 3559
Stock Symbol: IPEC
Exchange: NASDAQ
CEO: Sanjeev R. Chitre
Employees: 965
Auditors: KPMG Peat Marwick LLP
Latest Report: Unqualified
Share Data
Latest Reported Shares Outstanding 19,208,000
Latest Shares Outstanding Date 01/29/1998
Latest Balance Sheet Shares Outstanding 19,208,000
Short Interest Shares 3,792,790
Short Interest Ratio 8.5 Days
Short Interest Ratio Date 01/08/1998
Net Insider Transactions 0
Net Insider Transactions Date 12/31/1997
Shares Held by Institutions 14,323,000
Number of Institutions Holding 148
% of Shares Held by Institutions 82.9
Institutional Holding Date 01/31/1998
Market Value($ Mil) 324
Market Value as % Revenues 224
Dividend Information
Last Ex-Dividend Date NA
Indicated Dividend Rate 0.00
Dividend Yield 0.0%
Dividend Code
Payout Ratio Last Fiscal Year NC
5-Year Average Payout NC
5-Year Dividend Yield 0.0%
Stock Price ($) And Volume
Most Recent Close Price 16.88
Most Recent Close Price Date 02/23/1998
Close Price 4 Weeks Ago 14.63
Close Price 13 Weeks Ago 21.50
Close Price 26 Weeks Ago 33.00
Close Price 52 Weeks Ago 25.25
Price Change Last Month 15.4%
Price Change Last 10 Days 10.7%
Price Change Last 26 Weeks -48.8%
Price Change Last 52 Weeks -33.1%
Price Change YTD 7.2%
Price Change vs Market Last Trading Week 102%
Price Change vs Market Last 4 Weeks 109%
Price Change vs Market Last 13 Weeks 72%
Price Change vs Market Last 26 Weeks 44%
Price Change vs Market Last 52 Weeks 51%
Price Change vs Market YTD 100%
4-Week High Price 17.50
4-Week Low Price 13.88
13-Week High Price 22.50
13-Week Low Price 13.38
26-Week High Price 37.69
26-Week Low Price 13.38
52-Week High Price 37.69
52-Week Low Price 12.50
YTD High Price 17.81
YTD Low Price 13.50
5-Day Moving Avg Price 16.54
10-Day Moving Avg Price 16.41
10-Week Moving Avg Price 15.52
30-Week Moving Avg Price 23.81
200-Day Moving Avg Price 23.02
Beta, Up Market 2.15
Beta, Down Market 9.58
Shares Traded This Week 173,900
Volume as % of Shares Outstanding 0.91%
Avg Daily Volume Last 2 Weeks 243,900
Avg Daily Volume Last 4 Weeks 517,100
Avg Daily Volume Last 13 Weeks 503,900
Avg Daily Volume Last 26 Weeks 588,700
Avg Daily Volume Last 52 Weeks 573,700
Avg Daily Volume YTD 473,900
On-Balance Volume Index Last 4 Weeks 247%
Liquidity Ratio 148,040
P/E Ratio 21.1
5-Year High P/E NC
5-Year Low P/E NC
Selected Balance Sheet Items ($ Mil)
Fiscal Year End 06/30/1997 06/30/1996 06/30/1995 06/30/1994
Cash & Equivalent 40.7 11.7 66.0 1.0
Receivables 45.6 44.1 30.6 10.3
Inventories 44.7 31.7 22.9 16.9
Current Assets 145.8 94.2 123.1 28.3
Gr Fixed Assets 42.4 59.0 13.4 6.4
Accum Depr & Depl 16.9 6.3 1.7 0.5
Net Fixed Assets 25.5 52.7 11.7 5.9
Total Assets 198.1 191.7 164.6 41.5
Accounts Payable 17.4 15.2 9.7 7.8
Short-Term Debt 10.7 4.2 4.7 0.9
Curr Liabilities 46.7 40.5 25.0 12.6
Long-Term Debt 19.5 22.8 1.7 9.3
Total Liabilities 66.2 63.4 34.5 21.8
Preferred Equity 0.0 0.0 4.0 2.0
Common Equity 131.8 128.3 126.1 17.6
Retained Earnings -57.9 -23.5 -12.5 -13.0
Total Equity 131.8 128.3 130.1 19.6
Liabs & Equity 198.0 191.7 164.6 41.4
Working Capital 99.1 53.6 98.1 15.8
Selected Income Statement Items ($ Mil)
Fiscal Year End 06/30/1997 06/30/1996 06/30/1995 06/30/1994
Revenues/Sales 144.7 184.5 87.9 31.2
Cost of Sales 73.3 101.7 47.2 21.3
Gr Oper Profit 71.4 82.8 40.7 9.9
S,G & A Expenses 51.6 92.3 36.3 12.9
Deprec & Amort 9.5 8.0 3.6 1.6
Interest Expense 1.7 2.1 1.1 5.2
Pretax Income -8.2 -17.5 0.7 -9.7
Income Taxes -3.0 -6.8 0.1 -0.8
Minority Interest 0.0 0.0 0.0 0.0
Net Inc Cont Ops -5.2 -10.7 0.6 -8.9
Net Inc Disc Ops -28.6 0.0 0.0 0.0
Net Inc Tot Ops -33.8 -10.7 0.6 -8.9
Extra Inc (Loss) 0.0 0.0 0.0 0.0
Net Income -33.8 -10.7 0.6 -8.9
EPS Cont Ops -0.35 -0.78 0.02 -3.26
EPS Disc Ops -1.83 0.00 0.00 0.00
EPS Total Ops -2.18 -0.78 0.02 -3.26
EPS Extra Inc 0.00 0.00 0.00 0.00
EPS fr Net Income -2.18 -0.78 0.02 -3.26
Domestic Sales NA NA NA NA
Foreign Sales NA NA NA NA
Income Statement YTD (last annual value if no qtrly aval for cur yr)
Revenues/Sales($ Mil) 144.7
Inc fr Total Ops($ Mil) -33.8
EPS fr Total Ops($) -2.18
Dividends per Share($) 0.00
Selected Cash Flow Statement Items ($ Mil)
Fiscal Year End 06/30/1997 06/30/1996 06/30/1995 06/30/1994
Net Income -33.8 -10.7 0.6 -8.9
Deprec & Amort 9.5 8.0 3.6 1.6
Chg Receivables -11.6 -11.1 -17.4 -4.4
Chg Payables 5.5 3.2 1.7 1.6
Net Cash fr Ops -23.8 12.9 -7.7 -12.7
Net Cash fr Inv 16.7 -62.0 -6.7 -1.9
Net Cash fr Fin 36.4 -5.3 79.4 14.5
Eff Exch Rate Chg 0.0 0.0 0.0 0.0
Net Chg Cash & Eq 29.3 -54.3 65.0 -0.1
Cash Begin Period 11.3 66.0 1.0 1.1
Key Financial Ratios
Fiscal Year End 06/30/1997 06/30/1996 06/30/1995 06/30/1994
Book Value P/S 8.02 8.69 8.99 3.35
Price/Book Val(%) 316 239 393 321
Debt/Equity(%) 15 18 1 53
LT Debt % Inv Cap 12.9 15.1 1.3 32.2
LT Debt % Tot Dbt 29.5 36.0 4.9 42.5
Dbt % Tot Assets 33.4 33.0 21.0 52.8
Quick Ratio 1.8 1.4 3.9 0.9
Current Ratio 3.1 2.3 4.9 2.2
Revenue/Assets(%) 70 100 50 80
Price/Revenue(%) 288 166 563 181
Cash % Revenue 28.1 6.3 75.1 3.2
Pre-Tax Mgn(%) -5.7 -9.5 0.8 -31.1
Post-Tax Mgn(%) -3.6 -5.8 0.7 -28.5
Eff Tax Rate(%) 36.6 38.9 14.3 8.2
Asset Turnover 0.7 1.0 0.9 1.4
Receivable Turn 3.2 4.9 4.3 6.0
Inventory Turn 1.9 3.7 2.4 2.4
Ret on Equity(%) NE NE 0.5 NE
Ret Invest Cap(%) -3.4 -7.1 0.5 -30.8
Ret on Assets(%) -17.1 -5.6 0.4 -21.4
Growth Rates
5-Yr Annual EPS Growth NC
5-Yr Annual Div Growth NC
5-Yr Annual Revenue Growth 159.47%
% Change EPS YTD vs Last YTD NE
$ Change in EPS this YTD vs Last YTD 2.88
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EPS 2/21/98 Page 1 of 1
INTEGRATED PROCESS EQUIPMENT CORP.
Quarterly EPS estimates
Quarters ending
12/97 3/98 6/98
--Mean $ 0.26 $ 0.07 $ 0.08
--High $ 0.26 $ 0.10 $ 0.12
--Low $ 0.25 $ 0.05 $ 0.04
Number of 6 6 5
Analysts
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EPS 2/21/98 Page 1 of 2
INTEGRATED PROCESS EQUIPMENT CORP.
Fiscal year ends 6/98
Earnings per share estimates
--Mean $ 0.64
--High $ 0.71
--Low $ 0.60
P/E Ratio 25.78 (Estimated)
Number of analysts 6
Past EPS estimates (Mean)
-- Month ago 1.08
--13 Weeks ago 1.16
--26 Weeks ago 1.20
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EPS 2/21/98 Page 1 of 2
INTEGRATED PROCESS EQUIPMENT CORP.
Fiscal year ends 6/99
Earnings per share estimates
--Mean $ 0.83
--High $ 1.10
--Low $ 0.55
P/E Ratio 19.88 (Estimated)
Number of analysts 7
Past EPS estimates (Mean)
-- Month ago 1.47
--13 Weeks ago 1.70
--26 Weeks ago 1.75
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Me
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