Photronics Financials

PLAB Stock  USD 24.44  0.34  1.41%   
Based on the key indicators related to Photronics' liquidity, profitability, solvency, and operating efficiency, Photronics is performing exceptionally good at this time. It has a great probability to report excellent financial results in December. At present, Photronics' Total Assets are projected to increase significantly based on the last few years of reporting. The current year's Other Current Liabilities is expected to grow to about 66.5 M, whereas Short and Long Term Debt Total is forecasted to decline to about 29 M. Key indicators impacting Photronics' financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Net Profit Margin0.170.16
Notably Up
Slightly volatile
Return On Assets0.09930.0946
Sufficiently Up
Slightly volatile
Return On Equity0.160.15
Notably Up
Slightly volatile
Debt Equity Ratio0.01480.0156
Notably Down
Slightly volatile
Current Ratio2.433.82
Way Down
Slightly volatile
The essential information of the day-to-day investment outlook for Photronics includes many different criteria found on its balance sheet. An individual investor should monitor Photronics' cash flow, debt, and profitability to accurately make informed decisions on whether to invest in Photronics.

Net Income

151.52 Million

  
Understanding current and past Photronics Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Photronics' financial statements are interrelated, with each one affecting the others. For example, an increase in Photronics' assets may result in an increase in income on the income statement.

Photronics Earnings Geography

Please note, the presentation of Photronics' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Photronics' management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Photronics' management manipulating its earnings.

Photronics Stock Summary

Photronics competes with Aehr Test, Lam Research, KLA Tencor, Kulicke, and Cohu. Photronics, Inc., together with its subsidiaries, engages in the manufacture and sale of photomask products and services in the United States, Taiwan, Korea, Europe, China, and internationally. Photronics, Inc. was incorporated in 1969 and is based in Brookfield, Connecticut. Photronics operates under Semiconductor Equipment Materials classification in the United States and is traded on NASDAQ Exchange. It employs 1728 people.
Specialization
Information Technology, Semiconductors & Semiconductor Equipment
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINUS7194051022
CUSIP719405102
LocationConnecticut; U.S.A
Business Address15 Secor Road,
SectorSemiconductors & Semiconductor Equipment
IndustryInformation Technology
BenchmarkDow Jones Industrial
Websitewww.photronics.com
Phone203 775 9000
CurrencyUSD - US Dollar

Photronics Key Financial Ratios

Photronics Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets1.2B1.3B1.3B1.5B1.8B1.8B
Other Current Liab47.3M37.2M43.5M55.1M63.4M66.5M
Net Debt(207.8M)(165.0M)(277.3M)(472.8M)(425.5M)(404.2M)
Retained Earnings279.0M317.8M435.6M561.1M645.3M677.6M
Cash278.7M276.7M319.7M499.3M574.2M602.9M
Net Receivables163.5M208.5M216.6M218.3M251.0M263.5M
Inventory57.3M55.2M50.8M50.0M57.5M60.3M
Other Current Assets730K2.2M10.5M5.0M5.8M5.5M
Total Liab225.9M293.6M253.7M250.6M288.2M219.2M
Total Current Assets500.1M550.6M644.7M785.5M903.3M948.4M
Short Term Debt15.9M24.5M11.4M8.5M9.8M13.2M
Accounts Payable58.5M81.5M79.6M84.0M96.6M54.8M
Intangible Assets12.4M7.9M3.4M774K696.6K661.8K
Common Stock631K600K608K613K705.0K538.1K
Other Liab13.7M28.0M28.0M27.6M31.8M33.4M
Other Assets50.8M53.1M46.3M27.3M24.6M22.4M
Long Term Debt55.0M89.4M32.3M18.0M16.2M15.4M
Net Tangible Assets769.9M805.0M822.9M831.5M956.3M766.9M

Photronics Key Income Statement Accounts

201920202021202220232024 (projected)
Interest Expense2.4M1.7M1.9M433K498.0K473.1K
Total Revenue609.7M663.8M824.5M892.1M1.0B1.1B
Gross Profit134.7M167.0M294.2M336.2M386.6M405.9M
Operating Income(29.9M)94.6M211.9M253.1M291.0M305.6M
Ebit64.0M103.7M240.9M270.4M310.9M326.5M
Ebitda157.8M194.1M321.2M351.2M403.9M424.1M
Cost Of Revenue475.0M496.7M530.3M555.9M639.3M671.3M
Income Before Tax61.6M102.0M239.0M269.9M310.4M326.0M
Net Income33.8M78.8M179.2M125.5M144.3M151.5M
Income Tax Expense21.3M23.2M59.8M70.3M80.9M84.9M
Research Development17.1M18.5M18.3M13.7M15.7M20.4M
Minority Interest6.5M(23.4M)(60.5M)(74.1M)(66.7M)(63.4M)
Tax Provision21.3M23.2M59.8M70.3M80.9M84.9M
Interest Income541K1.2M1.7M14.9M17.1M17.9M
Net Interest Income(1.8M)(520K)(177K)14.4M16.6M17.4M

Photronics Key Cash Accounts

201920202021202220232024 (projected)
Change To Inventory(6.9M)3.0M(2.0M)1.2M1.1M1.2M
Change In Cash72.3M(1.9M)42.7M179.5M206.4M216.7M
Free Cash Flow72.1M41.5M162.8M170.9M196.5M206.3M
Depreciation93.8M90.4M80.3M80.8M93.0M68.1M
Other Non Cash Items6.5M2.1M(809K)927K834.3K792.6K
Capital Expenditures71.0M109.3M112.3M131.3M151.0M80.1M
Net Income40.3M78.8M179.2M199.6M229.6M241.1M
End Period Cash Flow281.6M279.7M322.4M501.9M577.1M606.0M
Investments(65.7M)(103.5M)(38.9M)(101.5M)(91.4M)(86.8M)
Change Receivables(12.3M)7.0M(36.6M)(51.2M)(46.1M)(43.8M)
Net Borrowings(6.7M)12.9M506K(65.4M)(75.3M)(71.5M)
Dividends Paid45.1M16.2M3.9M5.7M5.2M4.9M
Change To Netincome18K4.5M28.7M66.8M76.8M80.6M

Photronics Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Photronics's current stock value. Our valuation model uses many indicators to compare Photronics value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Photronics competition to find correlations between indicators driving Photronics's intrinsic value. More Info.
Photronics is rated below average in return on equity category among its peers. It is regarded fourth in return on asset category among its peers reporting about  0.59  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Photronics is roughly  1.70 . At present, Photronics' Return On Equity is projected to increase slightly based on the last few years of reporting. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Photronics' earnings, one of the primary drivers of an investment's value.

Photronics' Earnings Breakdown by Geography

Photronics Systematic Risk

Photronics' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Photronics volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty with a total number of output elements of fourty-one. The Beta measures systematic risk based on how returns on Photronics correlated with the market. If Beta is less than 0 Photronics generally moves in the opposite direction as compared to the market. If Photronics Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Photronics is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Photronics is generally in the same direction as the market. If Beta > 1 Photronics moves generally in the same direction as, but more than the movement of the benchmark.

Photronics Thematic Clasifications

Photronics is part of Millennials Best investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Firms that are involved in making products or providing services to millennials. Companies or funds that provide products or services that appeal to the generation of millennials and that are expected to experience growth in the next 5 years. The millennial generation usually refers to the demographic population that were born between 1980 to 2000
Millennials BestView
This theme covers Firms that are involved in making products or providing services to millennials. Companies or funds that provide products or services that appeal to the generation of millennials and that are expected to experience growth in the next 5 years. The millennial generation usually refers to the demographic population that were born between 1980 to 2000. Get More Thematic Ideas
Today, most investors in Photronics Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Photronics' growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Photronics growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(0.25)

At present, Photronics' Price Earnings To Growth Ratio is projected to increase slightly based on the last few years of reporting.

Photronics November 22, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Photronics help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Photronics. We use our internally-developed statistical techniques to arrive at the intrinsic value of Photronics based on widely used predictive technical indicators. In general, we focus on analyzing Photronics Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Photronics's daily price indicators and compare them against related drivers.

Complementary Tools for Photronics Stock analysis

When running Photronics' price analysis, check to measure Photronics' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Photronics is operating at the current time. Most of Photronics' value examination focuses on studying past and present price action to predict the probability of Photronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Photronics' price. Additionally, you may evaluate how the addition of Photronics to your portfolios can decrease your overall portfolio volatility.
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