PHOTRONICS INC (PLAB)
US7194051022 - Common Stock
Overall PLAB gets a fundamental rating of 7 out of 10. We evaluated PLAB against 108 industry peers in the Semiconductors & Semiconductor Equipment industry. PLAB gets an excellent profitability rating and is at the same time showing great financial health properties. A decent growth rate in combination with a cheap valuation! Better keep an eye on PLAB. These ratings could make PLAB a good candidate 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.
PLAB had positive earnings in each of the past 5 years.
In the past 5 years PLAB always reported a positive cash flow from operatings.
1.2 Ratios
PLAB has a Return On Assets of 8.60%. This is in the better half of the industry: PLAB outperforms 73.15% of its industry peers.
With a decent Return On Equity value of 13.24%, PLAB is doing good in the industry, outperforming 73.15% of the companies in the same industry.
PLAB has a Return On Invested Capital of 11.80%. This is amongst the best in the industry. PLAB outperforms 83.33% of its industry peers.
PLAB had an Average Return On Invested Capital over the past 3 years of 11.47%. This is in line with the industry average of 11.05%.
The 3 year average ROIC (11.47%) for PLAB is below the current ROIC(11.80%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.6% | ||
| ROE | 13.24% | ||
| ROIC | 11.8% |
ROA(3y)7.18%
ROA(5y)5.41%
ROE(3y)11.29%
ROE(5y)8.39%
ROIC(3y)11.47%
ROIC(5y)8.59%
1.3 Margins
Looking at the Profit Margin, with a value of 16.22%, PLAB is in the better half of the industry, outperforming 72.22% of the companies in the same industry.
In the last couple of years the Profit Margin of PLAB has grown nicely.
The Operating Margin of PLAB (26.44%) is better than 86.11% of its industry peers.
PLAB's Operating Margin has improved in the last couple of years.
PLAB has a worse Gross Margin (36.54%) than 63.89% of its industry peers.
In the last couple of years the Gross Margin of PLAB has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 26.44% | ||
| PM (TTM) | 16.22% | ||
| GM | 36.54% |
OM growth 3Y39.36%
OM growth 5Y18.28%
PM growth 3Y36.39%
PM growth 5Y12.33%
GM growth 3Y19.48%
GM growth 5Y8.93%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), PLAB is destroying value.
PLAB has more shares outstanding than it did 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
An Altman-Z score of 3.65 indicates that PLAB is not in any danger for bankruptcy at the moment.
The Altman-Z score of PLAB (3.65) is comparable to the rest of the industry.
The Debt to FCF ratio of PLAB is 0.13, which is an excellent value as it means it would take PLAB, only 0.13 years of fcf income to pay off all of its debts.
PLAB has a Debt to FCF ratio of 0.13. This is amongst the best in the industry. PLAB outperforms 87.04% 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 71.30% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0.13 | ||
| Altman-Z | 3.65 |
ROIC/WACC0.8
WACC14.69%
2.3 Liquidity
A Current Ratio of 4.67 indicates that PLAB has no problem at all paying its short term obligations.
With a decent Current ratio value of 4.67, PLAB is doing good in the industry, outperforming 73.15% of the companies in the same industry.
PLAB has a Quick Ratio of 4.38. This indicates that PLAB is financially healthy and has no problem in meeting its short term obligations.
The Quick ratio of PLAB (4.38) is better than 79.63% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.67 | ||
| Quick Ratio | 4.38 |
3. Growth
3.1 Past
PLAB shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 9.90%, which is quite good.
Measured over the past years, PLAB shows a very strong growth in Earnings Per Share. The EPS has been growing by 28.16% on average per year.
The Revenue has decreased by -0.36% in the past year.
PLAB shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.75% yearly.
EPS 1Y (TTM)9.9%
EPS 3Y56.72%
EPS 5Y28.16%
EPS Q2Q%15.91%
Revenue 1Y (TTM)-0.36%
Revenue growth 3Y13.53%
Revenue growth 5Y10.75%
Sales Q2Q%-5.9%
3.2 Future
The Earnings Per Share is expected to grow by 4.83% 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 2.85% yearly.
EPS Next Y4%
EPS Next 2Y4.83%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-2.96%
Revenue Next 2Y2.85%
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 decreasing.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 11.58 indicates a reasonable valuation of PLAB.
Based on the Price/Earnings ratio, PLAB is valued cheaply inside the industry as 93.52% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 28.96. PLAB is valued rather cheaply when compared to this.
A Price/Forward Earnings ratio of 10.90 indicates a reasonable 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 95.37% of the companies listed in the same industry.
PLAB's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.58 | ||
| Fwd PE | 10.9 |
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 97.22% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, PLAB is valued cheaply inside the industry as 97.22% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.71 | ||
| EV/EBITDA | 2.78 |
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 an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)2.9
PEG (5Y)0.41
EPS Next 2Y4.83%
EPS Next 3YN/A
5. Dividend
5.1 Amount
No dividends for PLAB!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
PHOTRONICS INC
NASDAQ:PLAB (11/21/2024, 8:00:01 PM)
After market: 24.5 +0.06 (+0.25%)24.44
+0.34 (+1.41%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap1.55B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
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Min Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.58 | ||
| Fwd PE | 10.9 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)2.9
PEG (5Y)0.41
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.6% | ||
| ROE | 13.24% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 26.44% | ||
| PM (TTM) | 16.22% | ||
| GM | 36.54% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.53
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 4.67 | ||
| Quick Ratio | 4.38 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)9.9%
EPS 3Y56.72%
EPS 5Y
EPS Q2Q%
EPS Next Y4%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-0.36%
Revenue growth 3Y13.53%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y