Reported Earnings • Mar 12
Full year 2025 earnings released: EPS: US$0.18 (vs US$0.12 in FY 2024) Full year 2025 results: EPS: US$0.18 (up from US$0.12 in FY 2024). Revenue: US$181.6m (up 19% from FY 2024). Net income: US$13.1m (up 54% from FY 2024). Profit margin: 7.2% (up from 5.5% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 103% per year whereas the company’s share price has increased by 99% per year. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₪16.69, the stock trades at a trailing P/E ratio of 31.3x. Average trailing P/E is 23x in the Electronic industry in Israel. Total returns to shareholders of 807% over the past three years. New Risk • Dec 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Israeli stocks, typically moving 5.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.9% average weekly change). Reported Earnings • Nov 17
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: US$47.8m (up 12% from 3Q 2024). Net income: US$4.18m (up 67% from 3Q 2024). Profit margin: 8.7% (up from 5.9% in 3Q 2024). The increase in margin was driven by higher revenue. Board Change • Sep 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Chairman of the Board Amir Widmann was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 12
Second quarter 2025 earnings released: EPS: US$0.02 (vs US$0.03 in 2Q 2024) Second quarter 2025 results: EPS: US$0.02 (down from US$0.03 in 2Q 2024). Revenue: US$44.4m (up 25% from 2Q 2024). Net income: US$1.44m (down 29% from 2Q 2024). Profit margin: 3.2% (down from 5.8% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₪12.20, the stock trades at a trailing P/E ratio of 22x. Average trailing P/E is 16x in the Electronic industry in Israel. Total returns to shareholders of 325% over the past three years. Upcoming Dividend • Jun 04
Upcoming dividend of ₪0.25 per share Eligible shareholders must have bought the stock before 11 June 2025. Payment date: 30 June 2025. Payout ratio is on the higher end at 78% but the company is not cash flow positive. Trailing yield: 4.7%. Lower than top quartile of Israeli dividend payers (6.3%). Higher than average of industry peers (2.9%). Reported Earnings • May 13
First quarter 2025 earnings released: EPS: US$0.06 (vs US$0.02 in 1Q 2024) First quarter 2025 results: EPS: US$0.06 (up from US$0.02 in 1Q 2024). Revenue: US$40.9m (up 21% from 1Q 2024). Net income: US$4.55m (up 185% from 1Q 2024). Profit margin: 11% (up from 4.7% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 50% per year, which means it is significantly lagging earnings growth. New Risk • May 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Israeli stocks, typically moving 5.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 176% Cash payout ratio: 314% Minor Risk Share price has been volatile over the past 3 months (5.8% average weekly change). Valuation Update With 7 Day Price Move • May 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₪10.08, the stock trades at a trailing P/E ratio of 24.1x. Average trailing P/E is 14x in the Electronic industry in Israel. Total returns to shareholders of 264% over the past three years. Reported Earnings • Mar 06
Full year 2024 earnings released: EPS: US$0.12 (vs US$0.019 loss in FY 2023) Full year 2024 results: EPS: US$0.12 (up from US$0.019 loss in FY 2023). Revenue: US$152.9m (up 12% from FY 2023). Net income: US$8.48m (up US$9.87m from FY 2023). Profit margin: 5.5% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₪7.26, the stock trades at a trailing P/E ratio of 26x. Average trailing P/E is 13x in the Electronic industry in Israel. Total returns to shareholders of 130% over the past three years. Reported Earnings • Nov 19
Third quarter 2024 earnings released: EPS: US$0.03 (vs US$0.004 in 3Q 2023) Third quarter 2024 results: EPS: US$0.03 (up from US$0.004 in 3Q 2023). Revenue: US$42.7m (up 22% from 3Q 2023). Net income: US$2.51m (up US$2.12m from 3Q 2023). Profit margin: 5.9% (up from 1.1% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 13
Second quarter 2024 earnings released: EPS: US$0.03 (vs US$0.02 loss in 2Q 2023) Second quarter 2024 results: EPS: US$0.03 (up from US$0.02 loss in 2Q 2023). Revenue: US$35.4m (up 8.1% from 2Q 2023). Net income: US$2.05m (up US$3.17m from 2Q 2023). Profit margin: 5.8% (up from net loss in 2Q 2023). The move to profitability was primarily driven by higher revenue. New Risk • Aug 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Israeli stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 62% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (dividend per share is over 33x earnings per share). Share price has been volatile over the past 3 months (5.5% average weekly change). Market cap is less than US$100m (₪290.2m market cap, or US$75.8m). Buy Or Sell Opportunity • Aug 06
Now 20% undervalued Over the last 90 days, the stock has risen 1.8% to ₪3.77. The fair value is estimated to be ₪4.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Aankondiging • May 21
P.C.B. Technologies Ltd, Annual General Meeting, Jun 23, 2024 P.C.B. Technologies Ltd, Annual General Meeting, Jun 23, 2024. Location: naschitz brandes law offices, Israel Reported Earnings • Mar 11
Full year 2023 earnings released: US$0.02 loss per share (vs US$0.007 loss in FY 2022) Full year 2023 results: US$0.02 loss per share (further deteriorated from US$0.007 loss in FY 2022). Revenue: US$136.1m (up 5.9% from FY 2022). Net loss: US$1.39m (loss widened 186% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 22
Third quarter 2023 earnings released: EPS: US$0.004 (vs US$0.009 loss in 3Q 2022) Third quarter 2023 results: EPS: US$0.004 (up from US$0.009 loss in 3Q 2022). Revenue: US$34.9m (up 3.7% from 3Q 2022). Net income: US$387.0k (up US$923.0k from 3Q 2022). Profit margin: 1.1% (up from net loss in 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 17
Second quarter 2023 earnings released: US$0.02 loss per share (vs US$0.02 profit in 2Q 2022) Second quarter 2023 results: US$0.02 loss per share (down from US$0.02 profit in 2Q 2022). Revenue: US$32.8m (up 4.2% from 2Q 2022). Net loss: US$1.12m (down 176% from profit in 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. New Risk • Aug 16
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Israeli stocks, typically moving 8.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.2% average weekly change). Earnings have declined by 32% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₪212.4m market cap, or US$56.7m). Reported Earnings • May 21
First quarter 2023 earnings released First quarter 2023 results: Revenue: US$33.2m (up 14% from 1Q 2022). Net income: US$14.0k (down 95% from 1Q 2022). Profit margin: 0% (down from 0.9% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 21
Full year 2022 earnings released Full year 2022 results: Revenue: US$128.5m (up 5.9% from FY 2021). Net loss: US$484.0k (loss narrowed 3.8% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jan 03
Investor sentiment improved over the past week After last week's 20% share price gain to ₪2.75, the stock trades at a trailing P/E ratio of 66.5x. Average trailing P/E is 12x in the Electronic industry in Israel. Total loss to shareholders of 31% over the past three years. Aankondiging • Nov 26
P.C.B. Technologies Ltd (TASE:PCBT) acquired technology and the business activity from Galil Microwaves & Microelectronics Ltd. P.C.B. Technologies Ltd (TASE:PCBT) acquired technology and the business activity from Galil Microwaves & Microelectronics Ltd. on November 1, 2022. P.C.B. Technologies Ltd (TASE:PCBT) completed the acquisition of technology and the business activity from Galil Microwaves & Microelectronics Ltd. on November 1, 2022. Reported Earnings • Nov 23
Third quarter 2022 earnings released Third quarter 2022 results: US$0.01 loss per share. Revenue: US$33.6m (up 8.2% from 3Q 2021). Net loss: US$536.0k (loss widened 248% from 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Aug 28
Second quarter 2022 earnings released Second quarter 2022 results: EPS: US$0.02. Revenue: US$31.5m (up 1.4% from 2Q 2021). Net income: US$1.48m (up US$1.47m from 2Q 2021). Profit margin: 4.7% (up from 0% in 2Q 2021). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Buying Opportunity • Jul 11
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 3.6%. The fair value is estimated to be ₪4.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years. Meanwhile, the company became loss making. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Apr 03
Full year 2021 earnings released Full year 2021 results: Revenue: US$121.3m (up 2.9% from FY 2020). Net loss: US$503.0k (down 115% from profit in FY 2020). Buying Opportunity • Mar 14
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be US$4.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.0% per annum over the last 3 years. The company became loss making over the last year. Buying Opportunity • Feb 13
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be US$4.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.0% per annum over the last 3 years. The company became loss making over the last year. Buying Opportunity • Jan 24
Now 25% undervalued after recent price drop Over the last 90 days, the stock is down 16%. The fair value is estimated to be US$4.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.0% per annum over the last 3 years. The company became loss making over the last year. Reported Earnings • Dec 04
Third quarter 2021 earnings: Revenues in line with analyst expectations Third quarter 2021 results: Revenue: US$31.1m (up 6.6% from 3Q 2020). Net loss: US$154.0k (down 116% from profit in 3Q 2020). Revenue was in line with analyst estimates. Valuation Update With 7 Day Price Move • Aug 25
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₪4.05, the stock trades at a trailing P/E ratio of 27.3x. Average trailing P/E is 21x in the Electronic industry in Israel. Total loss to shareholders of 2.7% over the past three years. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment improved over the past week After last week's 20% share price gain to US$5.25, the stock trades at a trailing P/E ratio of 35.5x. Average trailing P/E is 21x in the Electronic industry in Israel. Total returns to shareholders of 47% over the past three years. Reported Earnings • Mar 27
Full year 2020 earnings released: EPS US$0.05 (vs US$0.022 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$117.8m (up 9.5% from FY 2019). Net income: US$3.30m (up 106% from FY 2019). Profit margin: 2.8% (up from 1.5% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Mar 08
New 90-day high: ₪5.67 The company is up 12% from its price of ₪5.07 on 08 December 2020. The Israeli market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 10.0% over the same period. Is New 90 Day High Low • Dec 21
New 90-day low: ₪4.68 The company is down 6.0% from its price of ₪4.99 on 22 September 2020. The Israeli market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 16% over the same period. Is New 90 Day High Low • Nov 23
New 90-day high: ₪5.52 The company is up 1.0% from its price of ₪5.47 on 25 August 2020. The Israeli market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 18% over the same period.