PHOTRONICS INC (PLAB) Stock Fundamental Analysis
NASDAQ:PLAB - Nasdaq - US7194051022 - Common Stock - Currency: USD
Overall PLAB gets a fundamental rating of 6 out of 10. We evaluated PLAB against 110 industry peers in the Semiconductors & Semiconductor Equipment industry. PLAB has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. PLAB is valued quite cheap, while showing a decent growth score. This is a good combination! 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.
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
With a decent Return On Assets value of 7.04%, PLAB is doing good in the industry, outperforming 73.64% of the companies in the same industry.
With a decent Return On Equity value of 10.90%, PLAB is doing good in the industry, outperforming 70.00% of the companies in the same industry.
PLAB has a Return On Invested Capital of 10.42%. This is in the better half of the industry: PLAB outperforms 80.00% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for PLAB is above the industry average of 10.58%.
| 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.
In the last couple of years the Profit Margin of PLAB has grown nicely.
PLAB has a better Operating Margin (25.20%) than 84.55% of its industry peers.
In the last couple of years the Operating Margin of PLAB has grown nicely.
PLAB has a worse Gross Margin (36.29%) than 64.55% of its industry peers.
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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), PLAB is creating some value.
Compared to 1 year ago, PLAB has more shares outstanding
Compared to 5 years ago, PLAB has less shares outstanding
PLAB has a better debt/assets ratio than last year.
2.2 Solvency
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.
The Debt to FCF ratio of PLAB (0.00) is better than 84.55% of its industry peers.
A Debt/Equity ratio of 0.00 indicates that PLAB is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.00, PLAB is in the better half of the industry, outperforming 71.82% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | N/A |
ROIC/WACC1.04
WACC10.06%
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.
The Current ratio of PLAB (5.13) is better than 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.
PLAB has a Quick ratio of 4.76. This is amongst the best in the industry. PLAB outperforms 83.64% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 5.13 | ||
| Quick Ratio | 4.76 |
3. Growth
3.1 Past
The earnings per share for PLAB have decreased by -0.98% 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.
Looking at the last year, PLAB shows a decrease in Revenue. The Revenue has decreased by -3.19% in the last year.
The Revenue has been growing by 9.50% on average over the past years. This is quite good.
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 1.07% 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 0.93% on average per year.
EPS Next Y-11.62%
EPS Next 2Y1.07%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-3.04%
Revenue Next 2Y0.93%
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
PLAB is valuated reasonably with a Price/Earnings ratio of 9.77.
Based on the Price/Earnings ratio, PLAB is valued cheaply inside the industry as 97.27% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 27.21, PLAB is valued rather cheaply.
With a Price/Forward Earnings ratio of 9.76, the valuation of PLAB can be described as very reasonable.
97.27% of the companies in the same industry are more expensive than PLAB, based on the Price/Forward Earnings ratio.
PLAB's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 21.70.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.77 | ||
| Fwd PE | 9.76 |
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 99.09% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, PLAB is valued cheaply inside the industry as 94.55% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.97 | ||
| EV/EBITDA | 2.05 |
4.3 Compensation for Growth
The decent profitability rating of PLAB may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.29
EPS Next 2Y1.07%
EPS Next 3YN/A
5. Dividend
5.1 Amount
No dividends for PLAB!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
19.74
+0.91 (+4.83%)
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 Change7.37%
Market Cap1.25B
Analysts85
Price Target31.84 (61.3%)
Short Float %5.21%
Short Ratio4.54
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)-12.07%
PT rev (3m)-10.81%
EPS NQ rev (1m)-9.1%
EPS NQ rev (3m)-5.31%
EPS NY rev (1m)-15.9%
EPS NY rev (3m)-18.3%
Revenue NQ rev (1m)-3.41%
Revenue NQ rev (3m)-3.52%
Revenue NY rev (1m)-4.13%
Revenue NY rev (3m)-4.35%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.77 | ||
| Fwd PE | 9.76 | ||
| P/S | 1.46 | ||
| P/FCF | 13.97 | ||
| P/OCF | 4.95 | ||
| P/B | 1.14 | ||
| P/tB | 1.14 | ||
| EV/EBITDA | 2.05 |
EPS(TTM)2.02
EY10.23%
EPS(NY)2.02
Fwd EY10.25%
FCF(TTM)1.41
FCFY7.16%
OCF(TTM)3.99
OCFY20.19%
SpS13.48
BVpS17.32
TBVpS17.32
PEG (NY)N/A
PEG (5Y)0.29
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
WACC10.06%
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 Y-11.62%
EPS Next 2Y1.07%
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-3.04%
Revenue Next 2Y0.93%
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%