Photronics Financial Statements From 2010 to 2022

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 Stock
  

USD 25.78  2.07  8.73%   

Photronics financial statements provide useful quarterly and yearly information to potential Photronics investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Photronics financial statements helps investors assess Photronics' valuation, profitability, and current liquidity needs.
We have found one hundred thirteen available trending fundamental ratios for Photronics, which can be analyzed and compared to other ratios and to its competitors. Make sure you check out all of Photronics recent market performance against the performance between 2010 and 2022 to make sure the company can sustain itself down the road.
Photronics Earnings before Tax are projected to increase significantly based on the last few years of reporting. The past year's Earnings before Tax were at 56.8 Million. The current year Enterprise Value is expected to grow to about 415.9 M, whereas Net Income Per Employee is forecasted to decline to about 23.8 K.
  
Check Photronics financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Photronics main balance sheet or income statement drivers, such as Direct Expenses of 398 M, Consolidated Income of 76 M or Cost of Revenue of 406.9 M, as well as many exotic indicators such as Interest Coverage of 177, Long Term Debt to Equity of 0.16 or Calculated Tax Rate of 27.14. Photronics financial statements analysis is a perfect complement when working with Photronics Valuation or Volatility modules. It can also supplement Photronics' financial leverage analysis and stock options assessment as well as various Photronics Technical models . Please check the analysis of Photronics Correlation against competitors.

Photronics Revenues

527.87 Million

Photronics Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total AssetsB1.2 B1.1 B
Increasing
Slightly volatile
Cash and Equivalents230.5 M249 M247.4 M
Increasing
Slightly volatile
Investments73.5 M70.3 M69 M
Decreasing
Very volatile
Investments Current105 M97.3 M81.2 M
Increasing
Slightly volatile
Investments Non Current70.7 M70.3 M68.2 M
Decreasing
Very volatile
Property Plant and Equipment Net589.6 M657.5 M541.8 M
Increasing
Slightly volatile
Inventory28.7 M33.6 M25.9 M
Increasing
Slightly volatile
Tax Assets17.8 M20.8 M15.4 M
Increasing
Slightly volatile
Trade and Non Trade Receivables116.1 M138.6 M109.2 M
Increasing
Slightly volatile
Trade and Non Trade Payables87.8 M102.5 M79.4 M
Increasing
Slightly volatile
Goodwill and Intangible Assets11.4 M11.1 M17.6 M
Decreasing
Slightly volatile
Total Liabilities365.8 M423.5 M376.1 M
Increasing
Very volatile
Shareholders Equity670.1 M741.3 M714.7 M
Increasing
Slightly volatile
Accumulated Retained Earnings Deficit224.7 M208.3 M182.9 M
Increasing
Slightly volatile
Accumulated Other Comprehensive Income(5.9 M)(5.7 M)(4.8 M)
Increasing
Stable
Current Assets426.5 M495.6 M432.5 M
Increasing
Slightly volatile
Assets Non Current680.9 M698.4 M612.8 M
Increasing
Slightly volatile
Current Liabilities138.3 M158.5 M160.5 M
Decreasing
Slightly volatile
Liabilities Non Current13.3 M12.9 M54.3 M
Decreasing
Slightly volatile
Tax Liabilities593.9 K578.7 K2.1 M
Decreasing
Slightly volatile
Total Debt53.1 M51.7 M84.3 M
Decreasing
Slightly volatile
Debt Current71.3 M66.1 M49.3 M
Increasing
Slightly volatile
Debt Non Current105.3 M71 M75.3 M
Increasing
Stable
Shareholders Equity USD725.8 M873.6 M685.7 M
Increasing
Slightly volatile
Cash and Equivalents USD408.6 M378.7 M274.4 M
Increasing
Slightly volatile
Total Debt USD53.1 M51.7 M84.3 M
Decreasing
Slightly volatile
Accounts Payable69.1 M73.4 M78.6 M
Decreasing
Stable
Receivables127.7 M157 M123.8 M
Increasing
Slightly volatile
Inventories53.6 M49.7 M35.5 M
Increasing
Slightly volatile

Photronics Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Revenues527.9 M597.4 M539 M
Increasing
Slightly volatile
Cost of Revenue406.9 M464.3 M376.9 M
Increasing
Slightly volatile
Selling General and Administrative Expense57.7 M59.1 M49.4 M
Increasing
Slightly volatile
Research and Development Expense20.1 M16.7 M17.5 M
Decreasing
Slightly volatile
Operating Expenses86.3 M75.8 M67.8 M
Increasing
Slightly volatile
Interest Expense2.1 MM3.4 M
Decreasing
Slightly volatile
Income Tax Expense6.4 M6.6 M9.4 M
Decreasing
Slightly volatile
Consolidated Income76 M70.4 M52.9 M
Increasing
Slightly volatile
Net Income to Non Controlling Interests23.8 M22.1 M14.5 M
Increasing
Slightly volatile
Net Income39.5 M49.9 M38.5 M
Increasing
Very volatile
Net Income Common Stock52.2 M48.4 M38.5 M
Increasing
Stable
Weighted Average Shares55.6 M55.3 M64.7 M
Decreasing
Slightly volatile
Weighted Average Shares Diluted58.3 M55.8 M70.5 M
Decreasing
Slightly volatile
Earning Before Interest and Taxes EBIT64.1 M59.4 M51.7 M
Increasing
Very volatile
Revenues USD546.6 M615.6 M505.4 M
Increasing
Slightly volatile
Net Income Common Stock USD52.2 M48.4 M38.5 M
Increasing
Stable
Earning Before Interest and Taxes USD64.1 M59.4 M51.7 M
Increasing
Very volatile
Gross Profit139.7 M151.2 M128.5 M
Increasing
Stable
Operating Income67.7 M85.1 M65.7 M
Increasing
Very volatile
Direct Expenses398 M447 M405.7 M
Increasing
Slightly volatile

Photronics Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Net Cash Flow Business Acquisitions and Disposals(57.7 M)(56.2 M)(26.7 M)
Decreasing
Slightly volatile
Net Cash Flow Investment Acquisitions and Disposals(79.7 M)(77.6 M)(31.1 M)
Decreasing
Slightly volatile
Issuance Purchase of Equity Shares(17.1 M)(16.6 M)(7.2 M)
Decreasing
Slightly volatile
Net Cash Flow from Operations120.7 M135.7 M123.8 M
Decreasing
Very volatile
Effect of Exchange Rate Changes on Cash (4.4 M)(4.3 M)(4 M)
Increasing
Very volatile
Net Cash Flow or Change in Cash and Cash Equivalents20.2 M24.4 M10.3 M
Increasing
Slightly volatile
Share Based Compensation3.5 M3.7 M3.4 M
Increasing
Stable
Depreciation Amortization and Accretion91.6 M97 M82.1 M
Increasing
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Earnings per Basic Share0.870.810.6072
Increasing
Stable
Earnings per Diluted Share0.860.80.5872
Increasing
Stable
Earnings per Basic Share USD0.590.550.5842
Decreasing
Stable
Return on Average Equity5.266.135.4308
Decreasing
Stable
Return on Average Assets3.454.023.5085
Decreasing
Stable
Return on Invested Capital0.09810.09090.0785
Decreasing
Very volatile
Gross Margin28.9628.9425.2855
Decreasing
Very volatile
Profit Margin6.527.526.8923
Decreasing
Stable
EBITDA Margin30.3333.1122.3588
Decreasing
Stable
Return on Sales0.07570.08640.1002
Decreasing
Slightly volatile
Asset Turnover0.620.610.5167
Increasing
Slightly volatile
Enterprise Value over EBITDA3.632.593.6748
Decreasing
Slightly volatile
Enterprise Value over EBIT7.397.210.0453
Decreasing
Slightly volatile
Price to Earnings Ratio19.8118.3621.7519
Decreasing
Very volatile
Sales per Share8.519.738.2501
Increasing
Slightly volatile
Price to Sales Ratio1.191.131.3356
Decreasing
Slightly volatile
Price to Book Value0.960.791.0493
Decreasing
Slightly volatile
Debt to Equity Ratio0.190.160.1467
Decreasing
Slightly volatile
Current Ratio2.852.812.9353
Increasing
Slightly volatile
Free Cash Flow per Share0.660.780.3434
Increasing
Very volatile
Book Value per Share12.5712.8710.6059
Increasing
Slightly volatile
Tangible Assets Book Value per Share14.7114.5515.1332
Increasing
Slightly volatile
Total Assets Per Share16.8819.4116.8066
Increasing
Slightly volatile
Cash Flow Per Share1.972.261.9091
Increasing
Stable
Return on Investment7.999.418.0386
Decreasing
Very volatile
Operating Margin11.1612.8211.8057
Decreasing
Stable
Calculated Tax Rate27.1426.1421.1671
Increasing
Slightly volatile
Receivables Turnover5.534.944.8559
Decreasing
Stable
Inventory Turnover14.3110.1513.9844
Decreasing
Slightly volatile
PPandE Turnover1.21.150.9776
Increasing
Slightly volatile
Cash and Equivalents Turnover2.852.752.3307
Decreasing
Very volatile
Accounts Payable Turnover9.289.737.3993
Increasing
Slightly volatile
Accrued Expenses Turnover17.2215.8114.9007
Increasing
Slightly volatile
Interest Coverage17716462.0909
Increasing
Slightly volatile
Long Term Debt to Equity0.160.120.0951
Increasing
Stable
Quick Ratio2.372.272.4943
Increasing
Stable
Net Current Assets as percentage of Total Assets24.5626.0424.3273
Increasing
Slightly volatile
Revenue to Assets0.610.590.5066
Increasing
Slightly volatile

Photronics Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Earnings before Tax61.3 M56.8 M48.2 M
Increasing
Very volatile
Earnings Before Interest Taxes and Depreciation Amortization EBITDA180.3 M219.8 M125.6 M
Increasing
Very volatile
Earnings Before Interest Taxes and Depreciation Amortization USD136.3 M156.4 M132.3 M
Increasing
Slightly volatile
Market Capitalization532.4 M599.5 M631.3 M
Increasing
Very volatile
Enterprise Value415.9 M352.1 M464.1 M
Decreasing
Slightly volatile
Invested Capital770.7 M730 M675.5 M
Increasing
Stable
Average Equity734.8 M888.7 M685 M
Increasing
Slightly volatile
Average Assets1.1 B1.3 BB
Increasing
Slightly volatile
Invested Capital Average794 M754.4 M693.8 M
Increasing
Stable
Tangible Asset Value1.1 B1.3 BB
Increasing
Slightly volatile
Free Cash Flow34.6 M43.7 M25.9 M
Increasing
Slightly volatile
Working Capital287.3 M358.4 M256.6 M
Increasing
Slightly volatile
Revenue Per Employee323.2 K345.7 K335.4 K
Increasing
Stable
Net Income Per Employee23.8 K28.9 K23.8 K
Decreasing
Stable

Photronics Fundamental Market Drivers

Short Percent Of Float3.45%
Forward Price Earnings11.61
Shares Short Prior Month1.48M
Average Daily Volume Last 10 Day965.22k
Average Daily Volume In Three Month973.13k
Date Short Interest15th of July 2022
Fifty Day Average21.17
Two Hundred Day Average17.76

Photronics Upcoming Events

Upcoming Quarterly Report23rd of February 2022
Next Financial Report25th of May 2022
Next Fiscal Quarter End31st of January 2022
Next Fiscal Year End14th of December 2022
Last Quarter Report31st of October 2021
Last Financial Announcement31st of January 2021

About Photronics Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Photronics income statement, its balance sheet, and the statement of cash flows. Photronics investors use historical funamental indicators, such as Photronics's revenue or net income, to determine how well the company is positioned to perform in the future. Although Photronics investors may use each financial statement separately, they are all related. The changes in Photronics's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Photronics's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Photronics Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Photronics. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Cost of Revenue464.3 M406.9 M
Revenues597.4 M527.9 M
Revenue to Assets 0.59  0.61 
Revenue Per Employee345.7 K323.2 K
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.

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Please check the analysis of Photronics Correlation against competitors. Note that the Photronics information on this page should be used as a complementary analysis to other Photronics' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.

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Is Photronics' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Photronics. If investors know Photronics will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Photronics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
1.65
Market Capitalization
1.6 B
Quarterly Revenue Growth YOY
0.28
Return On Assets
0.0703
Return On Equity
0.13
The market value of Photronics is measured differently than its book value, which is the value of Photronics that is recorded on the company's balance sheet. Investors also form their own opinion of Photronics' value that differs from its market value or its book value, called intrinsic value, which is Photronics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Photronics' market value can be influenced by many factors that don't directly affect Photronics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Photronics' value and its price as these two are different measures arrived at by different means. Investors typically determine Photronics value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Photronics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.