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. PLAB gets an excellent profitability rating and is at the same time showing great financial health properties. PLAB is not valued too expensively and it also shows a decent growth rate.

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1. Profitability

2. Health

3. Growth

4. Valuation

5. Dividend

1. Profitability

1.1 Basic Checks

In the past year PLAB was profitable.
PLAB had a positive operating cash flow in the past year.
Each year in the past 5 years PLAB has been profitable.
PLAB had a positive operating cash flow in each of the past 5 years.

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.
Looking at the Return On Equity, with a value of 11.62%, PLAB is in the better half of the industry, outperforming 76.11% of the companies in the same industry.
PLAB's Return On Invested Capital of 10.17% is fine compared to the rest 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 10.66%.

		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's Profit Margin of 16.06% is fine compared to the rest of the industry. PLAB outperforms 75.22% of its industry peers.
PLAB's Profit Margin has improved in the last couple of years.
PLAB's Operating Margin of 24.51% is amongst the best of the industry. PLAB outperforms 82.30% of its industry peers.
PLAB's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 35.30%, PLAB is doing worse than 62.83% 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	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.
Compared to 1 year ago, PLAB has less shares outstanding
PLAB has less shares outstanding than it did 5 years ago.
PLAB has a better debt/assets ratio than last year.

2.2 Solvency

An Altman-Z score of 3.87 indicates that PLAB is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.87, PLAB is in line with its industry, 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.
The Debt to FCF ratio of PLAB (0.00) is better than 86.73% 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 74.34% of its industry peers.

		Industry Rank	Sector Rank
Debt/Equity	0
Debt/FCF	0
Altman-Z	3.87

ROIC/WACC0.93

WACC10.95%

2.3 Liquidity

A Current Ratio of 5.37 indicates that PLAB has no problem at all paying its short term obligations.
PLAB has a Current ratio of 5.37. This is in the better half of the industry: PLAB outperforms 76.11% of its industry peers.
A Quick Ratio of 4.99 indicates that PLAB has no problem at all paying 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

The Earnings Per Share has been growing slightly by 2.53% over the past year.
The Earnings Per Share has been growing by 30.81% on average over the past years. This is a very strong growth
PLAB shows a decrease in Revenue. In the last year, the revenue decreased by -2.04%.
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.
The Revenue is expected to grow by 6.23% on average over the next years.

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

Based on the Price/Earnings ratio of 17.78, the valuation of PLAB can be described as rather expensive.
Based on the Price/Earnings ratio, PLAB is valued cheaply inside the industry as 93.81% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 28.41. PLAB is valued slightly cheaper when compared to this.
Based on the Price/Forward Earnings ratio of 16.62, the valuation of PLAB can be described as correct.
Based on the Price/Forward Earnings ratio, PLAB is valued cheaply inside the industry as 92.04% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of PLAB to the average of the S&P500 Index (25.64), we can say PLAB is valued slightly cheaper.

		Industry Rank	Sector Rank
PE	17.78
Fwd PE	16.62

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 83.19% of the companies listed in the same industry.

		Industry Rank	Sector Rank
P/FCF	35.76
EV/EBITDA	4.74

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.