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. Both the health and profitability get an excellent rating, making PLAB a very profitable company, without any liquidiy or solvency issues. PLAB has a correct valuation and a medium growth rate.

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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.
PLAB had a positive operating cash flow in each of the past 5 years.

1.2 Ratios

Looking at the Return On Assets, with a value of 7.56%, PLAB is in the better half of the industry, outperforming 73.45% of the companies in the same industry.
With a decent Return On Equity value of 11.62%, PLAB is doing good in the industry, outperforming 76.11% of the companies in the same industry.
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 10.75%.

		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

With a decent Profit Margin value of 16.06%, PLAB is doing good in the industry, outperforming 75.22% of the companies in the same industry.
PLAB's Profit Margin has improved in the last couple of years.
The Operating Margin of PLAB (24.51%) is better than 82.30% of its industry peers.
In the last couple of years the Operating Margin of PLAB has grown nicely.
PLAB has a Gross Margin of 35.30%. This is in the lower half of the industry: PLAB underperforms 63.72% 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

PLAB has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is 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
Compared to 1 year ago, PLAB has an improved debt to assets ratio.

2.2 Solvency

PLAB has an Altman-Z score of 3.96. This indicates that PLAB is financially healthy and has little risk of bankruptcy at the moment.
PLAB's Altman-Z score of 3.96 is in line compared to the rest of the industry. PLAB outperforms 52.21% of its industry peers.
PLAB has a debt to FCF ratio of 0.00. This is a very positive value and a sign of high solvency as it would only need 0.00 years to pay back of all of its debts.
PLAB has a Debt to FCF ratio of 0.00. This is amongst the best in the industry. PLAB outperforms 86.73% of its industry peers.
A Debt/Equity ratio of 0.00 indicates that PLAB is not too dependend on debt financing.
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	3.96

ROIC/WACC0.94

WACC10.84%

2.3 Liquidity

PLAB has a Current Ratio of 5.37. This indicates that PLAB is financially healthy and has no problem in meeting its short term obligations.
PLAB's Current ratio of 5.37 is fine compared to the rest of the industry. PLAB outperforms 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.
With a decent Quick ratio value of 4.99, PLAB is doing good in the industry, outperforming 79.65% of the companies in the same industry.

		Industry Rank	Sector Rank
Current Ratio	5.37
Quick Ratio	4.99

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WACC

Debt/Equity

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Altman-Z score

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3. Growth

3.1 Past

PLAB shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 2.53%.
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.
PLAB shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.85% yearly.

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

PLAB is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.62% yearly.
Based on estimates for the next years, PLAB will show a small growth in Revenue. The Revenue will grow by 6.23% on average per year.

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

The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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

The Price/Earnings ratio is 17.82, which indicates a rather expensive current valuation of PLAB.
PLAB's Price/Earnings ratio is rather cheap when compared to the industry. PLAB is cheaper than 93.81% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.32. PLAB is valued slightly cheaper when compared to this.
With a Price/Forward Earnings ratio of 16.65, PLAB is valued correctly.
Based on the Price/Forward Earnings ratio, PLAB is valued cheaper than 92.04% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 24.32, PLAB is valued a bit cheaper.

		Industry Rank	Sector Rank
PE	17.82
Fwd PE	16.65

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of PLAB indicates a rather cheap valuation: PLAB is cheaper than 99.11% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of PLAB indicates a rather cheap valuation: PLAB is cheaper than 80.53% of the companies listed in the same industry.

		Industry Rank	Sector Rank
P/FCF	35.83
EV/EBITDA	5.07

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.