PLAB Stock Analysis: Photronics | NASDAQ
Semiconductor Equipment & Materials | NASDAQ, USA | Market Cap: 1.709m USD | 12M Return: 16.5% | US7194051022 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 37.1M
EPS Trend: -10.7%
Qual. Beats: 1
Rev. Trend: -77.0%
Qual. Beats: 1
Warnings
Tailwinds
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Photronics, Inc. (NASDAQ: PLAB) is a U.S.-based manufacturer and seller of photomask products and services, operating across the United States, Taiwan, China, Korea, Europe, and other international markets. Founded in 1969 and headquartered in Brookfield, Connecticut, the company supplies photomasks used to transfer circuit patterns onto semiconductor wafers and flat panel display (FPD) substrates during the fabrication of integrated circuits and displays. It also offers related electrical and optical components, serving semiconductor and FPD designers, manufacturers, and foundries through its direct sales force.
Operating within the Semiconductor Materials & Equipment sub-industry, Photronics occupies a specialized niche in the chip and display supply chain, as photomasks function as precision stencils that define circuit patterns in lithography processes. The companys significant Asian footprint reflects the regional concentration of leading foundries and display panel producers, which are key end customers for photomask suppliers.
- Leading-edge node demand boosts photomask revenue
- Taiwan and Korea foundry orders drive Asia segment growth
- Flat panel display weakness pressures FPD margins
| Net Income: 165.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA 1.86 > 1.0 |
| NWC/Revenue: 89.70% < 20% (prev 81.45%; Δ 8.26% < -1%) |
| CFO/TA 0.15 > 3% & CFO 308.4m > Net Income 165.1m |
| Net Debt (-668.9m) to EBITDA (338.4m): -1.98 < 3 |
| Current Ratio: 4.94 > 1.5 & < 3 |
| Outstanding Shares: last quarter (58.7m) vs 12m ago -3.05% < -2% |
| Gross Margin: 33.65% > 18% (prev 35.81%; Δ -2.16% > 0.5%) |
| Asset Turnover: 46.31% > 50% (prev 48.85%; Δ -2.54% > 0%) |
| Interest Coverage Ratio: 37.0k > 6 (EBIT TTM 259.2m / Interest Expense TTM 7.00k) |
| A: 0.39 (Total Current Assets 974.9m - Total Current Liabilities 197.3m) / Total Assets 1.99b |
| B: 0.44 (Retained Earnings 874.7m / Total Assets 1.99b) |
| C: 0.14 (EBIT TTM 259.2m / Avg Total Assets 1.87b) |
| D: 5.18 (Book Value of Equity 1.28b / Total Liabilities 247.0m) |
| Altman-Z'' = 10.37 = AAA |
| DSRI: 0.97 (Receivables 187.7m/190.9m, Revenue 866.8m/856.2m) |
| GMI: 1.06 (GM 35.81% / 33.65%) |
| AQI: 1.29 (AQ_t 0.03 / AQ_t-1 0.02) |
| SGI: 1.01 (Revenue 866.8m / 856.2m) |
| TATA: -0.07 (NI 165.1m - CFO 308.4m) / TA 1.99b) |
| Beneish M = -2.82 (Cap -4..+1) = A |
As of September 20, 2026, the stock is trading at USD 29.11 with a total of 1,218,623 shares traded. Over the past week, the price has changed by +0.41%, over one month by -8.69%, over three months by -13.44% and over the past year by +16.49%.
Current recommended Stop Loss: 26.20 (which is 10% or 2.1 ATR below the current price).
Photronics has received a consensus analysts rating of 5.00. Therefore, it is recommended to buy PLAB.
- StrongBuy: 1
- Buy: 0
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 41.3 | 42% |
P/E Trailing = 10.3167
P/E Forward = 13.2626
P/S = 1.972
P/B = 1.3066
P/EG = 2.6419
Revenue TTM = 866.8m USD
EBIT TTM = 259.2m USD
EBITDA TTM = 338.4m USD
Long Term Debt = 4.00k USD (estimated: total debt 3.89m - short term 3.89m)
Short Term Debt = 3.89m USD (from shortTermDebt, last quarter)
Debt = 3.89m USD (from shortLongTermDebtTotal, last quarter) (leases 3.89m already included)
Net Debt = -668.9m USD (calculated: Debt 3.89m - CCE 672.8m)
Enterprise Value = 1.04b USD (1.71b + Debt 3.89m - CCE 672.8m)
Interest Coverage Ratio = 37.0k (Ebit TTM 259.2m / Interest Expense TTM 7.00k)
EV/FCF = 9.43x (Enterprise Value 1.04b / FCF TTM 110.4m)
FCF Yield = 10.61% (FCF TTM 110.4m / Enterprise Value 1.04b)
FCF Margin = 12.73% (FCF TTM 110.4m / Revenue TTM 866.8m)
Net Margin = 19.04% (Net Income TTM 165.1m / Revenue TTM 866.8m)
Gross Margin = 33.65% ((Revenue TTM 866.8m - Cost of Revenue TTM 575.1m) / Revenue TTM)
Gross Margin QoQ = 33.20% (prev 31.32%)
Tobins Q-Ratio = 0.52 (Enterprise Value 1.04b / Total Assets 1.99b)
Interest Expense / Debt = 0.18% (Interest Expense 7.00k / Debt 3.89m)
Taxrate = 12.84% (33.3m / 259.2m)
NOPAT = 225.9m (EBIT 259.2m * (1 - 12.84%))
Current Ratio = 4.94 (Total Current Assets 974.9m / Total Current Liabilities 197.3m)
Debt / Equity = 0.00 (Debt 3.89m / totalStockholderEquity, last quarter 1.28b)
Debt / EBITDA = -1.98 (Net Debt -668.9m / EBITDA 338.4m)
Debt / FCF = -6.06 (Net Debt -668.9m / FCF TTM 110.4m)
Total Stockholder Equity = 1.23b (last 4 quarters mean from totalStockholderEquity)
RoA = 8.82% (Net Income 165.1m / Total Assets 1.99b)
RoE = 13.46% (Net Income TTM 165.1m / Total Stockholder Equity 1.23b)
RoCE = 21.13% (EBIT 259.2m / Capital Employed (Equity 1.23b + L.T.Debt 4.00k))
RoIC = 12.88% (NOPAT 225.9m / Invested Capital 1.75b)
WACC = 13.37% (E(1.71b)/V(1.71b) * Re(13.40%) + D(3.89m)/V(1.71b) * Rd(0.18%) * (1-Tc(0.13)))
Discount Rate = 13.40% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: -89.97 | Cagr: -2.67%
[DCF] Terminal Value 63.49% ; FCFF base≈92.0m ; Y1≈105.5m ; Y5≈155.3m
[DCF] Fair Price = 32.23 (EV 1.23b - Net Debt -668.9m = Equity 1.90b / Shares 59.0m; r=13.37% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -10.72 | EPS CAGR: -0.44% | SUE: 1.04 | # QB: 1
Revenue Correlation: -76.97 | Revenue CAGR: -1.45% | SUE: 0.92 | # QB: 1
EPS current Quarter (2027-01-31): EPS=0.53 | Chg30d=+3.92% | Revisions=+25% | Analysts=2
EPS current Year (2026-10-31): EPS=2.01 | Chg30d=+8.06% | Revisions=+50% | GrowthEPS=+0.0% | GrowthRev=+2.2%
EPS next Year (2027-10-31): EPS=2.08 | Chg30d=+2.81% | Revisions=+40% | GrowthEPS=+3.3% | GrowthRev=+2.8%
[Analyst] Revisions Ratio: +67% (up=6, down=0)