Photronics, Inc.

NasdaqGS:PLAB Stock Report

Market Cap: US$1.5b

Photronics Valuation

Is PLAB undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of PLAB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: PLAB ($24.89) is trading below our estimate of fair value ($66.26)

Significantly Below Fair Value: PLAB is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PLAB?

Key metric: As PLAB is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for PLAB. This is calculated by dividing PLAB's market cap by their current earnings.
What is PLAB's PE Ratio?
PE Ratio11.1x
EarningsUS$141.43m
Market CapUS$1.55b

Price to Earnings Ratio vs Peers

How does PLAB's PE Ratio compare to its peers?

The above table shows the PE ratio for PLAB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18.8x
VECO Veeco Instruments
19.4x-5.5%US$1.5b
ACLS Axcelis Technologies
11x-13.8%US$2.4b
CAMT Camtek
32x23.8%US$3.4b
ACMR ACM Research
13x16.5%US$1.2b
PLAB Photronics
11.1x-0.08%US$1.5b

Price-To-Earnings vs Peers: PLAB is good value based on its Price-To-Earnings Ratio (11.1x) compared to the peer average (18.8x).

Price to Earnings Ratio vs Industry

How does PLAB's PE Ratio compare vs other companies in the US Semiconductor Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
TOYO TOYO
4.3xn/aUS$132.97m
SQNS Sequans Communications
1.6x-156.5%US$69.98m
No more companies available in this PE range
PLAB 11.1xIndustry Avg. 29.7xNo. of Companies9PE020406080100+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PLAB is good value based on its Price-To-Earnings Ratio (11.1x) compared to the US Semiconductor industry average (30.9x).

Price to Earnings Ratio vs Fair Ratio

What is PLAB's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PLAB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.1x
Fair PE Ratio16x

Price-To-Earnings vs Fair Ratio: PLAB is good value based on its Price-To-Earnings Ratio (11.1x) compared to the estimated Fair Price-To-Earnings Ratio (16x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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