MKS Instruments Net Worth
MKS Instruments Net Worth Breakdown | MKSI |
MKS Instruments Net Worth Analysis
MKS Instruments' net worth analysis, or its valuation, is the process of determining the total value of the company. This involves assessing a range of factors, including MKS Instruments' financial performance, assets, liabilities, and potential for growth. The ultimate goal is to provide a clear understanding of MKS Instruments' overall worth, which can help investors make informed investment decisions. There are several methods that can be used to perform MKS Instruments' net worth analysis. One common approach is to calculate MKS Instruments' market capitalization.Another approach is to use the price-to-earnings ratio (P/E ratio), which compares MKS Instruments' stock price to its earnings per share (EPS). Discounted cash flow (DCF) analysis is another popular method for assessing MKS Instruments' net worth. This approach calculates the present value of MKS Instruments' future cash flows, taking into account factors such as growth rate, profitability, and risk. By comparing the present value of MKS Instruments' cash flows to its current stock price, investors can gain a better understanding of the company's overall value. Finally, investors may use comparable company analysis to evaluate MKS Instruments' net worth. This involves comparing MKS Instruments' financial metrics to similar companies in the same industry. By identifying companies with similar financial characteristics, investors can gain insight into MKS Instruments' net worth relative to its peers.
To determine if MKS Instruments is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding MKS Instruments' net worth research are outlined below:
| MKS Instruments generated a negative expected return over the last 90 days | |
| MKS Instruments has high historical volatility and very poor performance | |
| Over 99.0% of the company shares are owned by institutional investors | |
| Latest headline from news.google.com: Disposition of 14041 shares by John Lee of MKS Instruments subject to Rule 16b-3 |
MKS Instruments Quarterly Good Will |
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MKS Instruments uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in MKS Instruments. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to MKS Instruments' previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 7th of February 2024 Upcoming Quarterly Report | View | |
| 1st of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 7th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
MKS Instruments Target Price Consensus
MKS target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. MKS Instruments' target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
| 14 | Strong Buy |
Most MKS analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand MKS stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of MKS Instruments, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice Exposure ValuationMKS Instruments Target Price Projection
MKS Instruments' current and average target prices are 91.54 and 139.31, respectively. The current price of MKS Instruments is the price at which MKS Instruments is currently trading. On the other hand, MKS Instruments' target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.Current Price
MKS Instruments Market Quote on 20th of March 2025
Target Price
Analyst Consensus On MKS Instruments Target Price
Know MKS Instruments' Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as MKS Instruments is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading MKS Instruments backward and forwards among themselves. MKS Instruments' institutional investor refers to the entity that pools money to purchase MKS Instruments' securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Geode Capital Management, Llc | 2024-12-31 | 1.2 M | Goldman Sachs Group Inc | 2024-12-31 | 982.7 K | Madison Investment Advisors, Llc | 2024-12-31 | 933.9 K | Madison Asset Management, Llc | 2024-12-31 | 933.9 K | Cooke & Bieler Lp | 2024-12-31 | 877 K | Barclays Plc | 2024-12-31 | 853 K | Principal Financial Group Inc | 2024-12-31 | 836.4 K | Norges Bank | 2024-12-31 | 818.6 K | Royce & Associates, Lp | 2024-12-31 | 739.4 K | Vanguard Group Inc | 2024-12-31 | 7.4 M | Blackrock Inc | 2024-12-31 | 7.1 M |
Follow MKS Instruments' market capitalization trends
The company currently falls under 'Mid-Cap' category with a current market capitalization of 5.91 B.Market Cap |
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Project MKS Instruments' profitablity
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.05 | 0.06 | |
| Return On Capital Employed | 0.06 | 0.09 | |
| Return On Assets | 0.02 | 0.02 | |
| Return On Equity | 0.08 | 0.06 |
When accessing MKS Instruments' net worth, it's important to look at multiple sources and consider different scenarios. For example, gross profit margin measures MKS Instruments' profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of MKS Instruments' profitability and make more informed investment decisions.
Evaluate MKS Instruments' management efficiency
MKS Instruments has return on total asset (ROA) of 0.0366 % which means that it generated a profit of $0.0366 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.0793 %, meaning that it created $0.0793 on every $100 dollars invested by stockholders. MKS Instruments' management efficiency ratios could be used to measure how well MKS Instruments manages its routine affairs as well as how well it operates its assets and liabilities. As of now, MKS Instruments' Return On Tangible Assets are decreasing as compared to previous years. The MKS Instruments' current Return On Capital Employed is estimated to increase to 0.09, while Return On Assets are projected to decrease to 0.02. As of now, MKS Instruments' Other Current Assets are increasing as compared to previous years. The MKS Instruments' current Total Current Assets is estimated to increase to about 2.6 B, while Net Tangible Assets are forecasted to increase to (2.6 B).| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 34.50 | 18.38 | |
| Tangible Book Value Per Share | (36.09) | (34.29) | |
| Enterprise Value Over EBITDA | 7.55 | 7.93 | |
| Price Book Value Ratio | 3.03 | 2.88 | |
| Enterprise Value Multiple | 7.55 | 7.93 | |
| Price Fair Value | 3.03 | 2.88 | |
| Enterprise Value | 684.1 M | 608.1 M |
Leadership at MKS Instruments emphasizes sustainable growth and financial prudence. Our analysis evaluates how these priorities impact the stock's performance in the market.
Enterprise Value Revenue 2.7828 | Revenue | Quarterly Revenue Growth 0.047 | Revenue Per Share | Return On Equity |
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific MKS Instruments insiders, such as employees or executives, is commonly permitted as long as it does not rely on MKS Instruments' material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases MKS Instruments insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
MKS Instruments Corporate Filings
F4 | 4th of March 2025 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
10K | 25th of February 2025 Annual report required by the U.S. Securities and Exchange Commission (SEC) of a company financial performance | ViewVerify |
| 14th of February 2025 Other Reports | ViewVerify | |
8K | 12th of February 2025 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
MKS Instruments Earnings Estimation Breakdown
The calculation of MKS Instruments' earning per share is based on the data from the past 12 consecutive months, used for reporting the company's financial figures. The next projected EPS of MKS Instruments is estimated to be 1.4399 with the future projection ranging from a low of 1.3993 to a high of 1.63. Please be aware that this consensus of annual earnings estimates for MKS Instruments is based on EPS before non-recurring items and includes expenses related to employee stock options.Last Reported EPS
1.40 Lowest | Expected EPS | 1.63 Highest |
MKS Instruments Earnings Projection Consensus
Suppose the current estimates of MKS Instruments' value are higher than the current market price of the MKS Instruments stock. In this case, investors may conclude that MKS Instruments is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and MKS Instruments' stock will quickly adjusts to the new information provided by the consensus estimate.
| Number of Analysts | Historical Accuracy | Last Reported EPS | Estimated EPS for 31st of March 2025 | Current EPS (TTM) | |
| 13 | 68.48% | 2.15 | 1.4399 | 2.81 |
MKS Instruments Earnings History
Earnings estimate consensus by MKS Instruments analysts from Wall Street is used by the market to judge MKS Instruments' stock performance. Investors also use these earnings estimates to evaluate and project the stock performance into the future in order to make their investment decisions. However, we recommend analyzing not only MKS Instruments' upcoming profit reports and earnings-per-share forecasts but also comparing them to our different valuation methods.MKS Instruments Quarterly Gross Profit |
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Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of MKS Instruments' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
MKS Instruments Earnings per Share Projection vs Actual
Actual Earning per Share of MKS Instruments refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering MKS Instruments predict the company's earnings will be in the future. The higher the earnings per share of MKS Instruments, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.MKS Instruments Estimated Months Earnings per Share
For an investor who is primarily interested in generating an income out of investing in entities such as MKS Instruments, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of MKS Instruments should always be considered in relation to other companies to make a more educated investment decision.MKS Quarterly Analyst Estimates and Surprise Metrics
Earnings surprises can significantly impact MKS Instruments' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2025-02-05 | 2024-12-31 | 1.9552 | 2.15 | 0.1948 | 9 | ||
2024-11-06 | 2024-09-30 | 1.45 | 1.72 | 0.27 | 18 | ||
2024-08-07 | 2024-06-30 | 1.07 | 1.53 | 0.46 | 42 | ||
2024-05-08 | 2024-03-31 | 0.75 | 1.18 | 0.43 | 57 | ||
2024-02-07 | 2023-12-31 | 0.84 | 1.17 | 0.33 | 39 | ||
2023-11-01 | 2023-09-30 | 1.02 | 1.46 | 0.44 | 43 | ||
2023-08-02 | 2023-06-30 | 1.17 | 1.32 | 0.15 | 12 | ||
2023-05-03 | 2023-03-31 | -0.14 | 0.48 | 0.62 | 442 | ||
2023-02-27 | 2022-12-31 | 1.34 | 2.0 | 0.66 | 49 | ||
2022-11-02 | 2022-09-30 | 2.39 | 2.74 | 0.35 | 14 | ||
2022-07-27 | 2022-06-30 | 2.31 | 2.59 | 0.28 | 12 | ||
2022-04-26 | 2022-03-31 | 2.61 | 2.71 | 0.1 | 3 | ||
2022-01-26 | 2021-12-31 | 2.86 | 3.02 | 0.16 | 5 | ||
2021-10-27 | 2021-09-30 | 2.77 | 2.79 | 0.02 | 0 | ||
2021-07-28 | 2021-06-30 | 2.95 | 3.02 | 0.07 | 2 | ||
2021-04-26 | 2021-03-31 | 2.2 | 2.56 | 0.36 | 16 | ||
2021-01-27 | 2020-12-31 | 2.02 | 2.34 | 0.32 | 15 | ||
2020-10-27 | 2020-09-30 | 1.78 | 1.93 | 0.15 | 8 | ||
2020-07-29 | 2020-06-30 | 1.18 | 1.62 | 0.44 | 37 | ||
2020-04-28 | 2020-03-31 | 1.24 | 1.54 | 0.3 | 24 | ||
2020-01-28 | 2019-12-31 | 1.07 | 1.2 | 0.13 | 12 | ||
2019-10-23 | 2019-09-30 | 0.87 | 1.12 | 0.25 | 28 | ||
2019-07-30 | 2019-06-30 | 1.1 | 1.09 | -0.01 | 0 | ||
2019-04-29 | 2019-03-31 | 1.07 | 1.12 | 0.05 | 4 | ||
2019-01-29 | 2018-12-31 | 1.51 | 1.54 | 0.03 | 1 | ||
2018-10-23 | 2018-09-30 | 1.72 | 1.88 | 0.16 | 9 | ||
2018-07-24 | 2018-06-30 | 2.22 | 2.33 | 0.11 | 4 | ||
2018-04-24 | 2018-03-31 | 2 | 2.07 | 0.07 | 3 | ||
2018-01-31 | 2017-12-31 | 1.63 | 1.71 | 0.08 | 4 | ||
2017-10-24 | 2017-09-30 | 1.46 | 1.56 | 0.1 | 6 | ||
2017-07-25 | 2017-06-30 | 1.41 | 1.41 | 0.0 | 0 | ||
2017-04-26 | 2017-03-31 | 1.09 | 1.27 | 0.18 | 16 | ||
2017-02-02 | 2016-12-31 | 1 | 1.05 | 0.05 | 5 | ||
2016-10-26 | 2016-09-30 | 0.77 | 0.88 | 0.11 | 14 | ||
2016-07-27 | 2016-06-30 | 0.48 | 0.72 | 0.24 | 50 | ||
2016-04-25 | 2016-03-31 | 0.33 | 0.38 | 0.05 | 15 | ||
2016-01-27 | 2015-12-31 | 0.27 | 0.34 | 0.07 | 25 | ||
2015-10-21 | 2015-09-30 | 0.56 | 0.59 | 0.03 | 5 | ||
2015-07-22 | 2015-06-30 | 0.61 | 0.62 | 0.01 | 1 | ||
2015-04-22 | 2015-03-31 | 0.53 | 0.66 | 0.13 | 24 | ||
2015-01-28 | 2014-12-31 | 0.47 | 0.54 | 0.07 | 14 | ||
2014-10-22 | 2014-09-30 | 0.36 | 0.43 | 0.07 | 19 | ||
2014-07-23 | 2014-06-30 | 0.28 | 0.42 | 0.14 | 50 | ||
2014-04-23 | 2014-03-31 | 0.42 | 0.51 | 0.09 | 21 | ||
2014-01-29 | 2013-12-31 | 0.36 | 0.4 | 0.04 | 11 | ||
2013-10-23 | 2013-09-30 | 0.21 | 0.25 | 0.04 | 19 | ||
2013-07-24 | 2013-06-30 | 0.13 | 0.14 | 0.01 | 7 | ||
2013-04-24 | 2013-03-31 | 0.03 | 0.07 | 0.04 | 133 | ||
2012-10-24 | 2012-09-30 | 0.2 | 0.16 | -0.04 | 20 | ||
2012-07-25 | 2012-06-30 | 0.37 | 0.35 | -0.02 | 5 | ||
2012-04-25 | 2012-03-31 | 0.38 | 0.43 | 0.05 | 13 | ||
2012-02-01 | 2011-12-31 | 0.24 | 0.38 | 0.14 | 58 | ||
2011-10-19 | 2011-09-30 | 0.48 | 0.58 | 0.1 | 20 | ||
2011-07-20 | 2011-06-30 | 0.63 | 0.73 | 0.1 | 15 | ||
2011-04-20 | 2011-03-31 | 0.71 | 0.73 | 0.02 | 2 | ||
2011-02-02 | 2010-12-31 | 0.69 | 0.67 | -0.02 | 2 | ||
2010-10-20 | 2010-09-30 | 0.69 | 0.72 | 0.03 | 4 | ||
2010-07-21 | 2010-06-30 | 0.62 | 0.66 | 0.04 | 6 | ||
2010-04-21 | 2010-03-31 | 0.44 | 0.58 | 0.14 | 31 | ||
2010-02-03 | 2009-12-31 | 0.09 | 0.31 | 0.22 | 244 | ||
2009-10-22 | 2009-09-30 | 0.03 | 0.03 | 0.0 | 0 | ||
2009-07-22 | 2009-06-30 | -0.26 | -0.19 | 0.07 | 26 | ||
2009-04-22 | 2009-03-31 | -0.38 | -0.23 | 0.15 | 39 | ||
2009-02-04 | 2008-12-31 | -0.06 | -0.1266 | -0.0666 | 111 | ||
2008-10-22 | 2008-09-30 | 0.15 | 0.18 | 0.03 | 20 | ||
2008-07-24 | 2008-06-30 | 0.25 | 0.21 | -0.04 | 16 | ||
2008-04-24 | 2008-03-31 | 0.31 | 0.39 | 0.08 | 25 | ||
2008-02-07 | 2007-12-31 | 0.25 | 0.33 | 0.08 | 32 | ||
2007-10-25 | 2007-09-30 | 0.3 | 0.38 | 0.08 | 26 | ||
2007-07-26 | 2007-06-30 | 0.44 | 0.43 | -0.01 | 2 | ||
2007-04-26 | 2007-03-31 | 0.45 | 0.52 | 0.07 | 15 | ||
2007-02-15 | 2006-12-31 | 0.44 | 0.47 | 0.03 | 6 | ||
2006-10-26 | 2006-09-30 | 0.5 | 0.5 | 0.0 | 0 | ||
2006-07-27 | 2006-06-30 | 0.43 | 0.48 | 0.05 | 11 | ||
2006-04-27 | 2006-03-31 | 0.28 | 0.35 | 0.07 | 25 | ||
2006-02-16 | 2005-12-31 | 0.16 | 0.22 | 0.06 | 37 | ||
2005-10-27 | 2005-09-30 | 0.15 | 0.17 | 0.02 | 13 | ||
2005-07-26 | 2005-06-30 | 0.16 | 0.19 | 0.03 | 18 | ||
2005-04-26 | 2005-03-31 | 0.1 | 0.15 | 0.05 | 50 | ||
2005-02-10 | 2004-12-31 | 0.1 | 0.2 | 0.1 | 100 | ||
2004-10-19 | 2004-09-30 | 0.26 | 0.29 | 0.03 | 11 | ||
2004-07-20 | 2004-06-30 | 0.39 | 0.37 | -0.02 | 5 | ||
2004-04-20 | 2004-03-31 | 0.23 | 0.31 | 0.08 | 34 | ||
2004-02-03 | 2003-12-31 | 0.08 | 0.11 | 0.03 | 37 | ||
2003-10-21 | 2003-09-30 | -0.02 | -0.03 | -0.01 | 50 | ||
2003-07-22 | 2003-06-30 | -0.06 | -0.03 | 0.03 | 50 | ||
2003-04-17 | 2003-03-31 | -0.08 | -0.07 | 0.01 | 12 | ||
2003-02-04 | 2002-12-31 | -0.1 | -0.07 | 0.03 | 30 | ||
2002-10-16 | 2002-09-30 | -0.01 | -0.0746 | -0.0646 | 646 | ||
2002-07-30 | 2002-06-30 | -0.06 | -0.0918 | -0.0318 | 53 | ||
2002-04-16 | 2002-03-31 | -0.13 | -0.09 | 0.04 | 30 | ||
2002-02-05 | 2001-12-31 | -0.25 | -0.13 | 0.12 | 48 | ||
2001-10-16 | 2001-09-30 | -0.16 | -0.15 | 0.01 | 6 | ||
2001-07-25 | 2001-06-30 | 0.01 | 0.01 | 0.0 | 0 | ||
2001-04-24 | 2001-03-31 | 0.25 | 0.24 | -0.01 | 4 | ||
2001-02-06 | 2000-12-31 | 0.51 | 0.5 | -0.01 | 1 | ||
2000-10-17 | 2000-09-30 | 0.29 | 0.47 | 0.18 | 62 | ||
2000-07-18 | 2000-06-30 | 0.4 | 0.43 | 0.03 | 7 | ||
2000-04-18 | 2000-03-31 | 0.28 | 0.36 | 0.08 | 28 | ||
2000-02-02 | 1999-12-31 | 0.23 | 0.26 | 0.03 | 13 | ||
1999-10-20 | 1999-09-30 | 0.16 | 0.22 | 0.06 | 37 | ||
1999-07-23 | 1999-06-30 | 0.1 | 0.16 | 0.06 | 60 |
MKS Instruments Corporate Management
| John Williams | EVP Division | Profile | |
| Jim Kafka | Chief Lasers | Profile | |
| Jennifer Reilly | VP Officer | Profile | |
| Aaron Radomski | Chief Solutions | Profile | |
| David Henry | Executive Marketing | Profile | |
| Madhuri Andrews | Executive Officer | Profile | |
| David Ryzhik | Vice Relations | Profile |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MKS Instruments. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state. For more detail on how to invest in MKS Stock please use our How to Invest in MKS Instruments guide.You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Is Semiconductors & Semiconductor Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of MKS Instruments. If investors know MKS will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about MKS Instruments listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.586 | Dividend Share 0.88 | Earnings Share 2.81 | Revenue Per Share | Quarterly Revenue Growth 0.047 |
The market value of MKS Instruments is measured differently than its book value, which is the value of MKS that is recorded on the company's balance sheet. Investors also form their own opinion of MKS Instruments' value that differs from its market value or its book value, called intrinsic value, which is MKS Instruments' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because MKS Instruments' market value can be influenced by many factors that don't directly affect MKS Instruments' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between MKS Instruments' value and its price as these two are different measures arrived at by different means. Investors typically determine if MKS Instruments is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MKS Instruments' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.