Taking everything into account, PLAB scores 6 out of 10 in our fundamental rating. PLAB was compared to 113 industry peers in the Semiconductors & Semiconductor Equipment industry. PLAB scores excellent points on both the profitability and health parts. This is a solid base for a good stock. PLAB has a decent growth rate and is not valued too expensively.

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1. Profitability

2. Health

3. Growth

4. Valuation

5. Dividend

1. Profitability

1.1 Basic Checks

PLAB had positive earnings in the past year.
In the past year PLAB had a positive cash flow from operations.
In the past 5 years PLAB has always been profitable.
In the past 5 years PLAB always reported a positive cash flow from operatings.

1.2 Ratios

The Return On Assets of PLAB (7.56%) is better than 73.45% of its industry peers.
PLAB's Return On Equity of 11.62% is fine compared to the rest of the industry. PLAB outperforms 76.11% of its industry peers.
PLAB has a Return On Invested Capital of 10.17%. This is in the better half of the industry: PLAB outperforms 79.65% of its industry peers.
PLAB had an Average Return On Invested Capital over the past 3 years of 12.29%. This is in line with the industry average of 10.79%.

		Industry Rank	Sector Rank
ROA	7.56%
ROE	11.62%
ROIC	10.17%

ROA(3y)7.8%

ROA(5y)7.34%

ROE(3y)12.05%

ROE(5y)11.43%

ROIC(3y)12.29%

ROIC(5y)11.75%

1.3 Margins

Looking at the Profit Margin, with a value of 16.06%, PLAB is in the better half of the industry, outperforming 75.22% of the companies in the same industry.
PLAB's Profit Margin has improved in the last couple of years.
PLAB's Operating Margin of 24.51% is amongst the best of the industry. PLAB outperforms 82.30% of its industry peers.
In the last couple of years the Operating Margin of PLAB has grown nicely.
PLAB's Gross Margin of 35.30% is on the low side compared to the rest of the industry. PLAB is outperformed by 62.83% of its industry peers.
PLAB's Gross Margin has improved in the last couple of years.

		Industry Rank	Sector Rank
OM	24.51%
PM (TTM)	16.06%
GM	35.3%

OM growth 3Y-1.57%

OM growth 5Y18.52%

PM growth 3Y3.68%

PM growth 5Y23.71%

GM growth 3Y-0.36%

GM growth 5Y9.83%

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so PLAB is still creating some value.
The number of shares outstanding for PLAB has been reduced compared to 1 year ago.
Compared to 5 years ago, PLAB has less shares outstanding
PLAB has a better debt/assets ratio than last year.

2.2 Solvency

An Altman-Z score of 3.95 indicates that PLAB is not in any danger for bankruptcy at the moment.
PLAB's Altman-Z score of 3.95 is in line compared to the rest of the industry. PLAB outperforms 51.33% of its industry peers.
The Debt to FCF ratio of PLAB is 0.00, which is an excellent value as it means it would take PLAB, only 0.00 years of fcf income to pay off all of its debts.
PLAB has a better Debt to FCF ratio (0.00) than 86.73% of its industry peers.
PLAB has a Debt/Equity ratio of 0.00. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.00, PLAB is in the better half of the industry, outperforming 74.34% of the companies in the same industry.

		Industry Rank	Sector Rank
Debt/Equity	0
Debt/FCF	0
Altman-Z	3.95

ROIC/WACC0.93

WACC10.95%

2.3 Liquidity

A Current Ratio of 5.37 indicates that PLAB has no problem at all paying its short term obligations.
The Current ratio of PLAB (5.37) is better than 76.11% of its industry peers.
PLAB has a Quick Ratio of 4.99. This indicates that PLAB is financially healthy and has no problem in meeting its short term obligations.
The Quick ratio of PLAB (4.99) is better than 79.65% of its industry peers.

		Industry Rank	Sector Rank
Current Ratio	5.37
Quick Ratio	4.99

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WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

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3. Growth

3.1 Past

The Earnings Per Share has been growing slightly by 2.53% over the past year.
The Earnings Per Share has been growing by 30.81% on average over the past years. This is a very strong growth
The Revenue has decreased by -2.04% in the past year.
Measured over the past years, PLAB shows a small growth in Revenue. The Revenue has been growing by 6.85% on average per year.

EPS 1Y (TTM)2.53%

EPS 3Y0.83%

EPS 5Y30.81%

EPS Q2Q%1.69%

Revenue 1Y (TTM)-2.04%

Revenue growth 3Y0.99%

Revenue growth 5Y6.85%

Sales Q2Q%-3.08%

3.2 Future

The Earnings Per Share is expected to grow by 5.62% on average over the next years.
The Revenue is expected to grow by 6.23% on average over the next years.

EPS Next Y7.02%

EPS Next 2Y5.62%

EPS Next 3YN/A

EPS Next 5YN/A

Revenue Next Year5.7%

Revenue Next 2Y6.23%

Revenue Next 3YN/A

Revenue Next 5YN/A

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.

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4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 17.38 indicates a rather expensive valuation of PLAB.
93.81% of the companies in the same industry are more expensive than PLAB, based on the Price/Earnings ratio.
PLAB's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.39.
The Price/Forward Earnings ratio is 16.24, which indicates a correct valuation of PLAB.
Compared to the rest of the industry, the Price/Forward Earnings ratio of PLAB indicates a rather cheap valuation: PLAB is cheaper than 92.04% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of PLAB to the average of the S&P500 Index (25.72), we can say PLAB is valued slightly cheaper.

		Industry Rank	Sector Rank
PE	17.38
Fwd PE	16.24

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, PLAB is valued cheaply inside the industry as 98.23% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, PLAB is valued cheaper than 82.30% of the companies in the same industry.

		Industry Rank	Sector Rank
P/FCF	34.94
EV/EBITDA	5.03

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PLAB has a very decent profitability rating, which may justify a higher PE ratio.