PHOTRONICS INC (PLAB) Stock Fundamental Analysis
USA - NASDAQ:PLAB - US7194051022 - Common Stock
23.2 USD
+1.38 (+6.32%)
23.3 USD
+0.1 (+0.43%)
Overall PLAB gets a fundamental rating of 6 out of 10. We evaluated PLAB against 112 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. A decent growth rate in combination with a cheap valuation! Better keep an eye on PLAB. This makes PLAB very considerable for value investing!
1. Profitability
1.1 Basic Checks
In the past year PLAB was profitable.
PLAB had a positive operating cash flow in the past year.
PLAB had positive earnings in each of the past 5 years.
Each year in the past 5 years PLAB had a positive operating cash flow.
1.2 Ratios
With a decent Return On Assets value of 6.19%, PLAB is doing good in the industry, outperforming 74.11% of the companies in the same industry.
PLAB has a Return On Equity of 9.64%. This is in the better half of the industry: PLAB outperforms 71.43% of its industry peers.
With a decent Return On Invested Capital value of 9.95%, PLAB is doing good in the industry, outperforming 78.57% of the companies in the same industry.
PLAB had an Average Return On Invested Capital over the past 3 years of 12.91%. This is in line with the industry average of 10.96%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.19% | ||
| ROE | 9.64% | ||
| ROIC | 9.95% |
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
PLAB's Profit Margin of 12.67% is fine compared to the rest of the industry. PLAB outperforms 72.32% of its industry peers.
PLAB's Profit Margin has improved in the last couple of years.
The Operating Margin of PLAB (24.75%) is better than 83.04% of its industry peers.
PLAB's Operating Margin has improved in the last couple of years.
PLAB has a worse Gross Margin (35.81%) than 64.29% of its industry peers.
PLAB's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 24.75% | ||
| PM (TTM) | 12.67% | ||
| GM | 35.81% |
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
PLAB has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 3.16 indicates that PLAB is not in any danger for bankruptcy at the moment.
The Altman-Z score of PLAB (3.16) is comparable to the rest of the industry.
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.
With an excellent Debt to FCF ratio value of 0.00, PLAB belongs to the best of the industry, outperforming 85.71% of the companies in the same industry.
A Debt/Equity ratio of 0.00 indicates that PLAB is not too dependend on debt financing.
The Debt to Equity ratio of PLAB (0.00) is better than 72.32% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 3.16 |
ROIC/WACC0.87
WACC11.49%
2.3 Liquidity
A Current Ratio of 4.99 indicates that PLAB has no problem at all paying its short term obligations.
PLAB's Current ratio of 4.99 is fine compared to the rest of the industry. PLAB outperforms 69.64% of its industry peers.
PLAB has a Quick Ratio of 4.62. This indicates that PLAB is financially healthy and has no problem in meeting its short term obligations.
With a decent Quick ratio value of 4.62, PLAB is doing good in the industry, outperforming 77.68% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.99 | ||
| Quick Ratio | 4.62 |
3. Growth
3.1 Past
The earnings per share for PLAB have decreased by -4.27% in the last year.
PLAB shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 33.90% yearly.
PLAB shows a decrease in Revenue. In the last year, the revenue decreased by -1.79%.
The Revenue has been growing by 9.50% on average over the past years. This is quite good.
EPS 1Y (TTM)-4.27%
EPS 3Y32.05%
EPS 5Y33.9%
EPS Q2Q%0%
Revenue 1Y (TTM)-1.79%
Revenue growth 3Y9.31%
Revenue growth 5Y9.5%
Sales Q2Q%-0.28%
3.2 Future
Based on estimates for the next years, PLAB will show a small growth in Earnings Per Share. The EPS will grow by 3.14% on average per year.
PLAB is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.37% yearly.
EPS Next Y-3.08%
EPS Next 2Y1.66%
EPS Next 3Y3.14%
EPS Next 5YN/A
Revenue Next Year-2.73%
Revenue Next 2Y0.51%
Revenue Next 3Y2.37%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 11.49, which indicates a very decent valuation of PLAB.
Based on the Price/Earnings ratio, PLAB is valued cheaper than 99.11% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.35, PLAB is valued rather cheaply.
With a Price/Forward Earnings ratio of 11.34, the valuation of PLAB can be described as very reasonable.
98.21% of the companies in the same industry are more expensive than PLAB, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 22.86. PLAB is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.49 | ||
| Fwd PE | 11.34 |
4.2 Price Multiples
PLAB's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. PLAB is cheaper than 100.00% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, PLAB is valued cheaper than 87.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.24 | ||
| EV/EBITDA | 2.11 |
4.3 Compensation for Growth
PLAB has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.34
EPS Next 2Y1.66%
EPS Next 3Y3.14%
5. Dividend
5.1 Amount
PLAB does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
23.2
+1.38 (+6.32%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners94.71%
Inst Owner Change-0.07%
Ins Owners4.15%
Ins Owner Change0.35%
Market Cap1.37B
Analysts84.44
Price Target33.64 (45%)
Short Float %4.63%
Short Ratio3.67
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)6.28%
Min EPS beat(2)-19.14%
Max EPS beat(2)31.69%
EPS beat(4)3
Avg EPS beat(4)8.06%
Min EPS beat(4)-19.14%
Max EPS beat(4)31.69%
EPS beat(8)4
Avg EPS beat(8)2.53%
EPS beat(12)6
Avg EPS beat(12)2.1%
EPS beat(16)9
Avg EPS beat(16)6.98%
Revenue beat(2)1
Avg Revenue beat(2)-0.82%
Min Revenue beat(2)-2.46%
Max Revenue beat(2)0.82%
Revenue beat(4)2
Avg Revenue beat(4)-0.62%
Min Revenue beat(4)-2.46%
Max Revenue beat(4)0.82%
Revenue beat(8)2
Avg Revenue beat(8)-2.81%
Revenue beat(12)4
Avg Revenue beat(12)-1.6%
Revenue beat(16)8
Avg Revenue beat(16)-0.57%
PT rev (1m)1.33%
PT rev (3m)5.66%
EPS NQ rev (1m)1.72%
EPS NQ rev (3m)9.12%
EPS NY rev (1m)9.66%
EPS NY rev (3m)9.66%
Revenue NQ rev (1m)0.34%
Revenue NQ rev (3m)-1.51%
Revenue NY rev (1m)0.08%
Revenue NY rev (3m)0.32%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.49 | ||
| Fwd PE | 11.34 | ||
| P/S | 1.6 | ||
| P/FCF | 21.24 | ||
| P/OCF | 5.99 | ||
| P/B | 1.22 | ||
| P/tB | 1.22 | ||
| EV/EBITDA | 2.11 |
EPS(TTM)2.02
EY8.71%
EPS(NY)2.05
Fwd EY8.82%
FCF(TTM)1.09
FCFY4.71%
OCF(TTM)3.87
OCFY16.68%
SpS14.51
BVpS19.08
TBVpS19.08
PEG (NY)N/A
PEG (5Y)0.34
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.19% | ||
| ROE | 9.64% | ||
| ROCE | 13.43% | ||
| ROIC | 9.95% | ||
| ROICexc | 15.68% | ||
| ROICexgc | 15.68% | ||
| OM | 24.75% | ||
| PM (TTM) | 12.67% | ||
| GM | 35.81% | ||
| FCFM | 7.53% |
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 Turnover0.49
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 203.77% | ||
| Cap/Sales | 19.14% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 78.12% | ||
| Profit Quality | 59.42% | ||
| Current Ratio | 4.99 | ||
| Quick Ratio | 4.62 | ||
| Altman-Z | 3.16 |
F-Score5
WACC11.49%
ROIC/WACC0.87
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)-4.27%
EPS 3Y32.05%
EPS 5Y33.9%
EPS Q2Q%0%
EPS Next Y-3.08%
EPS Next 2Y1.66%
EPS Next 3Y3.14%
EPS Next 5YN/A
Revenue 1Y (TTM)-1.79%
Revenue growth 3Y9.31%
Revenue growth 5Y9.5%
Sales Q2Q%-0.28%
Revenue Next Year-2.73%
Revenue Next 2Y0.51%
Revenue Next 3Y2.37%
Revenue Next 5YN/A
EBIT growth 1Y-8.07%
EBIT growth 3Y32.79%
EBIT growth 5Y33.57%
EBIT Next Year26.03%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-50.42%
FCF growth 3Y46.47%
FCF growth 5YN/A
OCF growth 1Y-16.94%
OCF growth 3Y20.13%
OCF growth 5Y30.76%