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7.46 (1y: +30%)
Market Cap 455.83 M P/E(ttm) 22.40
Enterprise Value 412.97 M P/B 0.80
PLAB- NAS (USA)
Photronics Inc.
  • Currently 1/5
Business Predictability Rank: 1-Star (On Watch)
Back Testing Results:
Average gain of all 1-Star stocks: 1.1% per year.
% of Stocks that are in still loss if held for 10yrs: 45%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$7.46
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GuruFocus Financial Strength Rank measures how strong a companyย’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 4/10

vs
industry		 vs
history
Cash to Debt 1.234
PLAB's Cash to Debt is ranked lower than
61% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 10000.00 vs. PLAB: 1.234 )
PLAB' s 10-Year Cash to Debt Range
Min: 0.14   Max: 1.23
Current: 1.23
0.14
1.23
Equity to Asset 0.605
PLAB's Equity to Asset is ranked higher than
52% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 0.59 vs. PLAB: 0.605 )
PLAB' s 10-Year Equity to Asset Range
Min: 0.22   Max: 0.61
Current: 0.61
0.22
0.61
Interest Coverage 5.9
PLAB's Interest Coverage is ranked lower than
52% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 10000.00 vs. PLAB: 5.9 )
PLAB' s 10-Year Interest Coverage Range
Min: 0   Max: 10
Current: 5.9
0
10
Z-Score: 1.73
GuruFocus Profitability Rank ranks how profitable a company is and how likely the companyย’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
ย•ย•3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rankย•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry		 vs
history
Operating margin (%) 9.90
PLAB's Operating margin (%) is ranked higher than
75% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 2.60 vs. PLAB: 9.90 )
PLAB' s 10-Year Operating margin (%) Range
Min: -48.7   Max: 14.7
Current: 9.9
-48.7
14.7
Net-margin (%) 6.2
PLAB's Net-margin (%) is ranked higher than
72% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.40 vs. PLAB: 6.2 )
PLAB' s 10-Year Net-margin (%) Range
Min: -49.9   Max: 8.8
Current: 6.2
-49.9
8.8
ROE (%) 5.1
PLAB's ROE (%) is ranked higher than
68% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 2.00 vs. PLAB: 5.1 )
PLAB' s 10-Year ROE (%) Range
Min: -55.1   Max: 7
Current: 5.1
-55.1
7
ROA (%) 3.3
PLAB's ROA (%) is ranked higher than
69% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.20 vs. PLAB: 3.3 )
PLAB' s 10-Year ROA (%) Range
Min: -27.8   Max: 4.1
Current: 3.3
-27.8
4.1
ROC (Joel Greenblatt) (%) 11.00
PLAB's ROC (Joel Greenblatt) (%) is ranked higher than
70% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 4.80 vs. PLAB: 11.00 )
PLAB' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -46.9   Max: 19.2
Current: 11
-46.9
19.2
Revenue Growth (%) -8.4
PLAB's Revenue Growth (%) is ranked higher than
76% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 4.80 vs. PLAB: -8.4 )
PLAB' s 10-Year Revenue Growth (%) Range
Min: -8.4   Max: 7.3
Current: -8.4
-8.4
7.3
EBITDA Growth (%) -2.8
PLAB's EBITDA Growth (%) is ranked higher than
89% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 5.00 vs. PLAB: -2.8 )
PLAB' s 10-Year EBITDA Growth (%) Range
Min: -15.5   Max: 10.8
Current: -2.8
-15.5
10.8
ยป PLAB's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

PLAB Guru Trades in Q2 2012

Paul Tudor Jones 14,700 sh (New)
Chuck Royce 709,000 sh (+9.08%)
Donald Smith 6,053,514 sh (+3.88%)
Jim Simons 228,600 sh (-15.71%)
» More
Q3 2012

PLAB Guru Trades in Q3 2012

Chuck Royce 734,000 sh (+3.53%)
Donald Smith 6,057,535 sh (+0.07%)
Paul Tudor Jones Sold Out
Jim Simons 158,900 sh (-30.49%)
» More
Q4 2012

PLAB Guru Trades in Q4 2012

John Burbank 39,487 sh (New)
Joel Greenblatt 196,663 sh (New)
Jim Simons 426,406 sh (+168.35%)
Chuck Royce 824,000 sh (+12.26%)
Donald Smith 6,062,609 sh (+0.08%)
» More
Q1 2013

PLAB Guru Trades in Q1 2013

Steven Cohen 10,608 sh (New)
Paul Tudor Jones 35,600 sh (New)
John Burbank Sold Out
Joel Greenblatt Sold Out
Donald Smith 6,056,309 sh (-0.1%)
Chuck Royce 534,000 sh (-35.19%)
Jim Simons 271,500 sh (-36.33%)
» More
» Details

Insider Trades

Latest Guru Trades with PLAB

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Joel Greenblatt 2013-03-31 Sold Out 0.07%$5.75 - $6.7 $ 7.4620%0
John Burbank 2013-03-31 Sold Out 0.01%$5.75 - $6.7 $ 7.4620%0
Joel Greenblatt 2012-12-31 New Buy0.07%$4.61 - $5.8 $ 7.4645%196663
John Burbank 2012-12-31 New Buy0.01%$4.61 - $5.8 $ 7.4645%39487
Donald Smith 2011-12-31 Add 27.26%0.21%$4.67 - $6.73 $ 7.4626%5340834
George Soros 2011-12-31 Sold Out 0.0014%$4.67 - $6.73 $ 7.4626%0
Donald Smith 2011-09-30 Add 22.77%0.14%$5.2 - $8.7 $ 7.4610%4196940
George Soros 2011-09-30 New Buy$5.2 - $8.7 $ 7.4610%15800
Donald Smith 2011-03-31 Add 14.21%0.12%$5.7 - $9.8075 $ 7.46-2%3423148
Donald Smith 2010-12-31 Add 65.02%0.23%$5.28 - $6.95 $ 7.4620%2997369
George Soros 2010-09-30 Sold Out $3.95 - $5.45 $ 7.4663%0
Donald Smith 2010-06-30 Add 256.66%0.22%$4.45 - $5.88 $ 7.4647%1782228
George Soros 2010-06-30 New Buy$4.45 - $5.88 $ 7.4647%17000
Premium More recent guru trades are included for Premium Members only!!

Top Ranked Articles about Photronics Inc.

Deep-Value Investor Donald Smith Adds Shares of Photronics Inc.
May 29, 2012
Donald Smith - Deep-Value Investor Donald Smith Adds Shares Of Photronics Inc.
Donald Smith, CIO of Donald Smith & Co., added 486,804 shares of Photronics Inc. (PLAB) on May 24, 2012 at about $5.69 per share, according to GuruFocus Real Time Picks. After the purchase, he owns 10.07 percent of the companyโ€™s outstanding shares. Smith is a deep-value, strict bottom-up manager who invests in out-of-favor companies. Read more...

Ratios

vs
industry		 vs
history
P/E(ttm) 22.40
PLAB's P/E(ttm) is ranked higher than
84% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 18.76 vs. PLAB: 22.40 )
PLAB' s 10-Year P/E(ttm) Range
Min: 9.63   Max: 278.21
Current: 22.4
9.63
278.21
P/B 0.80
PLAB's P/B is ranked higher than
77% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.28 vs. PLAB: 0.80 )
PLAB' s 10-Year P/B Range
Min: 0.04   Max: 4.71
Current: 0.8
0.04
4.71
P/S 1.30
PLAB's P/S is ranked higher than
53% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.10 vs. PLAB: 1.30 )
PLAB' s 10-Year P/S Range
Min: 0.04   Max: 4.4
Current: 1.3
0.04
4.4
PFCF 12.90
PLAB's PFCF is ranked higher than
72% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 15.69 vs. PLAB: 12.90 )
PLAB' s 10-Year PFCF Range
Min: 0.86   Max: 297.4
Current: 12.9
0.86
297.4
EV-to-EBIT 11.6
PLAB's EV-to-EBIT is ranked higher than
92% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 14.70 vs. PLAB: 11.6 )
PLAB' s 10-Year EV-to-EBIT Range
Min: 3.6   Max: 165
Current: 11.6
3.6
165
Shiller P/E 38.1
PLAB's Shiller P/E is ranked higher than
85% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 14.80 vs. PLAB: 38.1 )
PLAB' s 10-Year Shiller P/E Range
Min: 38   Max: 1911
Current: 38.1
38
1911

Valuation & Return

vs
industry		 vs
history
Price/Net Current Asset Value 7
PLAB's Price/Net Current Asset Value is ranked higher than
79% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 6.80 vs. PLAB: 7 )
PLAB' s 10-Year Price/Net Current Asset Value Range
Min: 0.5   Max: 16.6
Current: 7
0.5
16.6
Price/Tangible Book 0.9
PLAB's Price/Tangible Book is ranked lower than
57% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.40 vs. PLAB: 0.9 )
PLAB' s 10-Year Price/Tangible Book Range
Min: 0.1   Max: 3.8
Current: 0.9
0.1
3.8
Price/DCF (Projected) 2
PLAB's Price/DCF (Projected) is ranked higher than
82% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.10 vs. PLAB: 2 )
PLAB' s 10-Year Price/DCF (Projected) Range
Min: 0.1   Max: 2.2
Current: 2
0.1
2.2
Price/Median PS Value 0.9
PLAB's Price/Median PS Value is ranked higher than
77% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 0.80 vs. PLAB: 0.9 )
PLAB' s 10-Year Price/Median PS Value Range
Min: 0.4   Max: 1.5
Current: 0.9
0.4
1.5
Price/Graham Number 1
PLAB's Price/Graham Number is ranked higher than
68% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.10 vs. PLAB: 1 )
PLAB' s 10-Year Price/Graham Number Range
Min: 0.6   Max: 2.9
Current: 1
0.6
2.9
Earnings Yield (Greenblatt) 8.60
PLAB's Earnings Yield (Greenblatt) is ranked higher than
95% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 5.60 vs. PLAB: 8.60 )
PLAB' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.6   Max: 28.1
Current: 8.6
0.6
28.1
Forward Rate of Return (Yacktman) 4.16
PLAB's Forward Rate of Return (Yacktman) is ranked higher than
82% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 2.30 vs. PLAB: 4.16 )
PLAB' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -8.1   Max: 21.2
Current: 4.16
-8.1
21.2

Business Description

Photronics Inc. is a Connecticut corporation, organized in 1969. The Company and its subsidiaries are the manufacturers of photomasks, which are high precision photographic quartz plates containing microscopic images of electronic circuits. Photomasks are a key element in the manufacture of semiconductors and flat panel displays, or FPDs, and are used as masters to transfer circuit patterns onto semiconductor wafers and flat panel substrates during the fabrication of integrated circuits, or ICs, and a variety of FPDs and, to a lesser extent, other types of electrical and optical components. The Company currently operates principally from eight manufacturing facilities; two of which are located in Europe, two in Taiwan, one in Korea and three in the United States. The Company manufactures photomasks, which are used as masters to transfer circuit patterns onto semiconductor wafers and flat panel substrates. The Company's photomasks are manufactured in accordance with circuit designs provided on a confidential basis by its customers. The typical manufacturing process for a photomask involves the receipt and conversion of circuit design data to manufacturing pattern data. The Company currently supports customers across the full spectrum of IC production and FPD technologies by manufacturing photomasks using electron beam or optical (laser-based) technologies. The market for photomasks primarily consists of domestic and international semiconductor and FPD manufacturers and designers, including a limited number of manufacturers who have the capability to internally manufacture photomasks. Generally, the Company and each of its customers engage in a qualification and correlation process before the company becomes an approved supplier. The Company conducts its sales and marketing activities mainly through a staff of full-time sales personnel and customer service representatives who work closely with the company's management and technical personnel. Photronics primarily sells its products to leading semiconductor and FPD manufacturers such as: ASML Holding N.V., Freescale Semiconductor, Inc., Inotera Memories, Inc., LG Electronics, Inc., Novatek Microelectronics Corp., Ltd., Samsung Electronics Co., Ltd., Texas Instruments Incorporated, United Microelectronics Corp., etc. The Company conducts its primary research and development activities for IC photomasks at its MP Mask Technology Center, LLC. The Company also conducts application oriented research and development activities to support the early adoption of new photomask or supporting data and services technology into the customers' applications. Photronics owns or has rights to approximately 40 patents in the United States. The raw materials used by the Company generally include high precision quartz plates, which are used as photomask blanks, primarily obtained from Japanese and Korean suppliers; pellicles and electronic grade chemicals, which are used in the manufacturing process; an
Company Website
SEC Reports
Industry: Semiconductor Equipment & Materials
Compare:ASML, AMAT, TOELY, KLAC, LRCX
Traded in other countries:PQ2.Germany
ยป More Articles for PLAB

Headlines

Articles On GuruFocus.com
Deep-Value Investor Donald Smith Adds Shares of Photronics Inc. May 29 2012 
Weekly CEO Sells Highlight: CLB, IMMR, PLAB, ANF Aug 01 2011 
Weekly CEO Sells Highlight: Verisk Analytics, Photronics Inc, Higher One Holdings, and MYR Group Inc Jul 24 2011 
Photronics Inc. Reports Operating Results (10-Q) Mar 04 2011 
Photronics Inc. Reports Operating Results (10-K) Jan 14 2011 
Photronics Inc. (PLAB) Senior Vice President & CFO Sean T Smith sells 16,250 Shares Dec 14 2010 
Photronics Inc. (PLAB) CEO & President Constantine S Macricostas sells 100,000 Shares Oct 20 2010 
Photronics Inc. (PLAB) CEO & President Constantine S Macricostas sells 5,000 Shares Oct 18 2010 
Photronics Inc. Reports Operating Results (10-Q) Jun 10 2010 
Photronics Inc. (PLAB) CEO & President Constantine S Macricostas sells 4,074 Shares May 03 2010 

More From Our Partners
PLAB Lags Earnings & Revenue in 2Q13 - Analyst Blog May 16 2013 - ZACKS

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