PHOTRONICS INC (PLAB) Stock Fundamental Analysis
NASDAQ:PLAB - Nasdaq - US7194051022 - Common Stock - Currency: USD
We assign a fundamental rating of 6 out of 10 to PLAB. PLAB was compared to 110 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 may be a bit undervalued, certainly considering the very reasonable score on growth With these ratings, PLAB could be worth investigating further for value investing!.
1. Profitability
1.1 Basic Checks
In the past year PLAB was profitable.
In the past year PLAB had a positive cash flow from operations.
In the past 5 years PLAB has always been profitable.
Each year in the past 5 years PLAB had a positive operating cash flow.
1.2 Ratios
PLAB has a Return On Assets of 7.04%. This is in the better half of the industry: PLAB outperforms 74.55% of its industry peers.
PLAB has a better Return On Equity (10.90%) than 70.91% of its industry peers.
Looking at the Return On Invested Capital, with a value of 10.42%, PLAB is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for PLAB is above the industry average of 10.57%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.04% | ||
| ROE | 10.9% | ||
| ROIC | 10.42% |
ROA(3y)8.29%
ROA(5y)6.4%
ROE(3y)12.94%
ROE(5y)9.95%
ROIC(3y)12.91%
ROIC(5y)9.9%
1.3 Margins
With a decent Profit Margin value of 14.00%, PLAB is doing good in the industry, outperforming 71.82% of the companies in the same industry.
PLAB's Profit Margin has improved in the last couple of years.
PLAB has a Operating Margin of 25.20%. This is amongst the best in the industry. PLAB outperforms 84.55% of its industry peers.
In the last couple of years the Operating Margin of PLAB has grown nicely.
Looking at the Gross Margin, with a value of 36.29%, PLAB is doing worse than 63.64% of the companies in the same industry.
In the last couple of years the Gross Margin of PLAB has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 25.2% | ||
| PM (TTM) | 14% | ||
| GM | 36.29% |
OM growth 3Y21.48%
OM growth 5Y21.98%
PM growth 3Y21.78%
PM growth 5Y22.74%
GM growth 3Y13.15%
GM growth 5Y10.69%
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 increased compared to 1 year ago.
Compared to 5 years ago, PLAB has less shares outstanding
The debt/assets ratio for PLAB has been reduced compared to a year ago.
2.2 Solvency
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 84.55% 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.
PLAB has a better Debt to Equity ratio (0.00) than 71.82% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | N/A |
ROIC/WACC1.04
WACC10.05%
2.3 Liquidity
PLAB has a Current Ratio of 5.13. This indicates that PLAB is financially healthy and has no problem in meeting its short term obligations.
PLAB's Current ratio of 5.13 is fine compared to the rest of the industry. PLAB outperforms 74.55% of its industry peers.
A Quick Ratio of 4.76 indicates that PLAB has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 4.76, PLAB belongs to the top of the industry, outperforming 83.64% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 5.13 | ||
| Quick Ratio | 4.76 |
3. Growth
3.1 Past
PLAB shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -0.98%.
Measured over the past years, PLAB shows a very strong growth in Earnings Per Share. The EPS has been growing by 33.90% on average per year.
Looking at the last year, PLAB shows a decrease in Revenue. The Revenue has decreased by -3.19% in the last year.
PLAB shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 9.50% yearly.
EPS 1Y (TTM)-0.98%
EPS 3Y32.05%
EPS 5Y33.9%
EPS Q2Q%-13.04%
Revenue 1Y (TTM)-3.19%
Revenue growth 3Y9.31%
Revenue growth 5Y9.5%
Sales Q2Q%-2.77%
3.2 Future
The Earnings Per Share is expected to grow by 7.54% on average over the next years.
PLAB is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.69% yearly.
EPS Next Y5.09%
EPS Next 2Y7.54%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-0.95%
Revenue Next 2Y2.69%
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 decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 9.01 indicates a reasonable valuation of PLAB.
Based on the Price/Earnings ratio, PLAB is valued cheaper than 97.27% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.35. PLAB is valued rather cheaply when compared to this.
PLAB is valuated cheaply with a Price/Forward Earnings ratio of 7.95.
Based on the Price/Forward Earnings ratio, PLAB is valued cheaply inside the industry as 96.36% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 22.19. PLAB is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.01 | ||
| Fwd PE | 7.95 |
4.2 Price Multiples
PLAB's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. PLAB is cheaper than 99.09% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, PLAB is valued cheaper than 93.64% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.88 | ||
| EV/EBITDA | 1.93 |
4.3 Compensation for Growth
PLAB's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of PLAB may justify a higher PE ratio.
PEG (NY)1.77
PEG (5Y)0.27
EPS Next 2Y7.54%
EPS Next 3YN/A
5. Dividend
5.1 Amount
No dividends for PLAB!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
18.21
-0.06 (-0.33%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners90.34%
Inst Owner Change-1.46%
Ins Owners3.77%
Ins Owner Change5%
Market Cap1.16B
Analysts85
Price Target33.66 (84.84%)
Short Float %4.57%
Short Ratio3.65
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-5.34%
Min EPS beat(2)-19.14%
Max EPS beat(2)8.47%
EPS beat(4)2
Avg EPS beat(4)-2.54%
Min EPS beat(4)-19.14%
Max EPS beat(4)11.24%
EPS beat(8)3
Avg EPS beat(8)-3.56%
EPS beat(12)5
Avg EPS beat(12)-0.54%
EPS beat(16)9
Avg EPS beat(16)5.15%
Revenue beat(2)0
Avg Revenue beat(2)-1.71%
Min Revenue beat(2)-2.46%
Max Revenue beat(2)-0.96%
Revenue beat(4)1
Avg Revenue beat(4)-2.84%
Min Revenue beat(4)-8.07%
Max Revenue beat(4)0.12%
Revenue beat(8)1
Avg Revenue beat(8)-3.47%
Revenue beat(12)4
Avg Revenue beat(12)-1.45%
Revenue beat(16)7
Avg Revenue beat(16)-0.66%
PT rev (1m)-7.04%
PT rev (3m)-5.71%
EPS NQ rev (1m)-9.1%
EPS NQ rev (3m)-17.36%
EPS NY rev (1m)0%
EPS NY rev (3m)-2.86%
Revenue NQ rev (1m)-3.41%
Revenue NQ rev (3m)-3.52%
Revenue NY rev (1m)-2.06%
Revenue NY rev (3m)-2.29%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.01 | ||
| Fwd PE | 7.95 | ||
| P/S | 1.35 | ||
| P/FCF | 12.88 | ||
| P/OCF | 4.57 | ||
| P/B | 1.05 | ||
| P/tB | 1.05 | ||
| EV/EBITDA | 1.93 |
EPS(TTM)2.02
EY11.09%
EPS(NY)2.29
Fwd EY12.57%
FCF(TTM)1.41
FCFY7.76%
OCF(TTM)3.99
OCFY21.89%
SpS13.48
BVpS17.32
TBVpS17.32
PEG (NY)1.77
PEG (5Y)0.27
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.04% | ||
| ROE | 10.9% | ||
| ROCE | 14.05% | ||
| ROIC | 10.42% | ||
| ROICexc | 16.37% | ||
| ROICexgc | 16.37% | ||
| OM | 25.2% | ||
| PM (TTM) | 14% | ||
| GM | 36.29% | ||
| FCFM | 10.49% |
ROA(3y)8.29%
ROA(5y)6.4%
ROE(3y)12.94%
ROE(5y)9.95%
ROIC(3y)12.91%
ROIC(5y)9.9%
ROICexc(3y)20.57%
ROICexc(5y)15.24%
ROICexgc(3y)20.57%
ROICexgc(5y)15.24%
ROCE(3y)17.42%
ROCE(5y)13.37%
ROICexcg growth 3Y30.41%
ROICexcg growth 5Y29.52%
ROICexc growth 3Y30.45%
ROICexc growth 5Y29.79%
OM growth 3Y21.48%
OM growth 5Y21.98%
PM growth 3Y21.78%
PM growth 5Y22.74%
GM growth 3Y13.15%
GM growth 5Y10.69%
F-Score5
Asset Turnover0.5
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 200.14% | ||
| Cap/Sales | 19.09% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 85.14% | ||
| Profit Quality | 74.89% | ||
| Current Ratio | 5.13 | ||
| Quick Ratio | 4.76 | ||
| Altman-Z | N/A |
F-Score5
WACC10.05%
ROIC/WACC1.04
Cap/Depr(3y)153.58%
Cap/Depr(5y)131.47%
Cap/Sales(3y)14.5%
Cap/Sales(5y)14.32%
Profit Quality(3y)124.28%
Profit Quality(5y)132.15%
High Growth Momentum
Growth
EPS 1Y (TTM)-0.98%
EPS 3Y32.05%
EPS 5Y33.9%
EPS Q2Q%-13.04%
EPS Next Y5.09%
EPS Next 2Y7.54%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-3.19%
Revenue growth 3Y9.31%
Revenue growth 5Y9.5%
Sales Q2Q%-2.77%
Revenue Next Year-0.95%
Revenue Next 2Y2.69%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-11.39%
EBIT growth 3Y32.79%
EBIT growth 5Y33.57%
EBIT Next Year34.67%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-38.59%
FCF growth 3Y46.47%
FCF growth 5YN/A
OCF growth 1Y-10.03%
OCF growth 3Y20.13%
OCF growth 5Y30.76%