PLAB gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 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 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.
PLAB had a positive operating cash flow in the past year.
Each year in the past 5 years PLAB has been profitable.
In the past 5 years PLAB always reported a positive cash flow from operatings.

1.2 Ratios

PLAB's Return On Assets of 7.56% is fine compared to the rest of the industry. PLAB outperforms 73.45% of its industry peers.
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.
Looking at the Return On Invested Capital, with a value of 10.17%, PLAB is in the better half of the industry, outperforming 79.65% of the companies in the same industry.
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

PLAB has a better Profit Margin (16.06%) than 75.22% of its industry peers.
In the last couple of years the Profit Margin of PLAB has grown nicely.
PLAB has a Operating Margin of 24.51%. This is amongst the best in the industry. PLAB outperforms 82.30% of its industry peers.
PLAB's Operating Margin has improved in the last couple of years.
The Gross Margin of PLAB (35.30%) is worse than 63.72% of its industry peers.
In the last couple of years the Gross Margin of PLAB has grown nicely.

		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.
PLAB has less shares outstanding than it did 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

An Altman-Z score of 3.96 indicates that PLAB is not in any danger for bankruptcy at the moment.
With a Altman-Z score value of 3.96, PLAB perfoms like the industry average, outperforming 52.21% of the companies in the same industry.
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.
PLAB has a Debt to Equity ratio of 0.00. This is in the better half of the industry: PLAB outperforms 74.34% of its industry peers.

		Industry Rank	Sector Rank
Debt/Equity	0
Debt/FCF	0
Altman-Z	3.96

ROIC/WACC0.94

WACC10.82%

2.3 Liquidity

A Current Ratio of 5.37 indicates that PLAB has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 5.37, PLAB is in the better half of the industry, outperforming 76.11% of the companies in the same industry.
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.
Looking at the Quick ratio, with a value of 4.99, PLAB is in the better half of 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%.
PLAB shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 30.81% yearly.
Looking at the last year, PLAB shows a decrease in Revenue. The Revenue has decreased by -2.04% in the last 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.
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

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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.

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4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 17.10, PLAB is valued on the expensive side.
Based on the Price/Earnings ratio, PLAB is valued cheaper than 93.81% of the companies in the same industry.
PLAB's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.21.
A Price/Forward Earnings ratio of 15.98 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.
PLAB is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 24.26, which is the current average of the S&P500 Index.

		Industry Rank	Sector Rank
PE	17.1
Fwd PE	15.98

4.2 Price Multiples

99.11% of the companies in the same industry are more expensive than PLAB, based on the Enterprise Value to EBITDA ratio.
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	34.38
EV/EBITDA	5.07

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates PLAB does not grow enough to justify the current Price/Earnings ratio.
PLAB has a very decent profitability rating, which may justify a higher PE ratio.