Photronics Inc

Find Ratings Reports
PLAB : NASDAQ : Technology
$10.15 up 0.35 | 3.6%
Today's Range: 9.95 - 10.65
Avg. Daily Volume: 387300.0
12/06/16 - 11:32 AM ET

Financial Analysis


PHOTRONICS INC's gross profit margin for the third quarter of its fiscal year 2016 has decreased when compared to the same period a year ago. Sales and net income have dropped, underperforming the average competitor within its industry. PHOTRONICS INC is extremely liquid. Currently, the Quick Ratio is 4.11 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has increased from the same period last year.

During the same period, stockholders' equity ("net worth") has increased by 12.33% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is very unlikely to face financial difficulties in the near future.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. To learn more visit www.TheStreetRatings.com.



Income Statement Q3 FY16 Q3 FY15
Net Sales ($mil)123.21131.7
EBITDA ($mil)34.4639.71
EBIT ($mil)14.8218.56
Net Income ($mil)8.0912.11


Balance Sheet Q3 FY16 Q3 FY15
Cash & Equiv. ($mil)291.67191.56
Total Assets ($mil)1000.441046.09
Total Debt ($mil)68.9135.03
Equity ($mil)706.31628.77


Profitability Q3 FY16 Q3 FY15
Gross Profit Margin41.4744.34
EBITDA Margin27.9630.14
Operating Margin12.0314.09
Sales Turnover0.520.48
Return on Assets5.952.89
Return on Equity8.434.81
Debt Q3 FY16 Q3 FY15
Current Ratio4.552.11
Debt/Capital0.090.18
Interest Expense0.611.21
Interest Coverage24.2215.35


Share Data Q3 FY16 Q3 FY15
Shares outstanding (mil)67.9766.51
Div / share0.00.0
EPS0.120.17
Book value / share10.399.45
Institutional Own % n/a n/a
Avg Daily Volume379806.0343340.0

Valuation


HOLD. PHOTRONICS INC's P/E ratio indicates a significant discount compared to an average of 30.84 for the Semiconductors & Semiconductor Equipment industry and a significant discount compared to the S&P 500 average of 25.16. For additional comparison, its price-to-book ratio of 0.95 indicates a significant discount versus the S&P 500 average of 2.79 and a significant discount versus the industry average of 4.21. The price-to-sales ratio is well below both the S&P 500 average and the industry average, indicating a discount. Upon assessment of these and other key valuation criteria, PHOTRONICS INC proves to trade at a discount to investment alternatives within the industry.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
PLAB 12.22 Peers 30.84   PLAB 5.04 Peers 17.71

Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations.

PLAB is trading at a significant discount to its peers.

 

Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.

PLAB is trading at a significant discount to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
PLAB 16.23 Peers 20.16   PLAB NM Peers 3.19

Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations.

PLAB is trading at a discount to its peers.

 

Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.

PLAB's negative PEG ratio makes this valuation measure meaningless.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
PLAB 0.95 Peers 4.21   PLAB 84.09 Peers 21.82

Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.

PLAB is trading at a significant discount to its peers.

 

Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

PLAB is expected to have an earnings growth rate that significantly exceeds its peers.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
PLAB 1.30 Peers 4.50   PLAB 2.17 Peers 10.81

Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.

PLAB is trading at a significant discount to its industry on this measurement.

 

Lower. A sales growth rate that trails the industry implies that a company is losing market share.

PLAB significantly trails its peers on the basis of sales growth

 

 

Latest Stock Upgrades/Downgrades