Photronics Piotroski F Score

PLAB
 Stock
  

USD 18.65  0.19  1.03%   

This module uses fundamental data of Photronics to approximate its Piotroski F score. Photronics F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Photronics. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about Photronics financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Please check Photronics Altman Z Score, Photronics Correlation, Photronics Valuation, as well as analyze Photronics Alpha and Beta and Photronics Hype Analysis.
  
Photronics Total Debt is projected to decrease significantly based on the last few years of reporting. The past year's Total Debt was at 51.71 Million. The current year Debt Current is expected to grow to about 71.3 M, whereas Issuance Repayment of Debt Securities is forecasted to decline to (4.5 M). Photronics Interest Coverage is projected to increase significantly based on the last few years of reporting. The past year's Interest Coverage was at 163.65. The current year Long Term Debt to Equity is expected to grow to 0.16, whereas Accounts Payable Turnover is forecasted to decline to 9.28.
At this time, it appears that Photronics' Piotroski F Score is Healthy. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
5.0
Piotroski F Score - Healthy
1
Current Return On AssetsPositiveFocus
2
Change in Return on AssetsDecreasedFocus
3
Cash Flow Return on AssetsPositiveFocus
4
Current Quality of Earnings (accrual)DecreasingFocus
5
Asset Turnover GrowthIncreaseFocus
6
Current Ratio ChangeIncreaseFocus
7
Long Term Debt Over Assets ChangeHigher LeverageFocus
8
Change In Outstending SharesIncreaseFocus
9
Change in Gross MarginIncreaseFocus

Photronics Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Photronics is to make sure Photronics is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Photronics' auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Photronics' financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted58.3 M55.8 M
Sufficiently Up
Decreasing
Slightly volatile
Weighted Average Shares55.6 M55.3 M
Slightly Up
Decreasing
Slightly volatile
Return on Average Assets3.454.02
Fairly Down
Decreasing
Stable
Net Cash Flow from Operations120.7 M135.7 M
Fairly Down
Decreasing
Very volatile
Current Liabilities138.3 M158.5 M
Fairly Down
Decreasing
Slightly volatile
Total Liabilities365.8 M423.5 M
Fairly Down
Increasing
Very volatile
Gross Margin28.9628.94
Slightly Up
Decreasing
Very volatile
Total Debt53.1 M51.7 M
Fairly Up
Decreasing
Slightly volatile
Asset Turnover0.620.61
Fairly Up
Increasing
Slightly volatile
Current Assets426.5 M495.6 M
Fairly Down
Increasing
Slightly volatile
Total AssetsB1.2 B
Fairly Down
Increasing
Slightly volatile

Photronics F Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between Photronics' different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Photronics in a much-optimized way.

About Photronics Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

Book Value per Share

12.57

Photronics Book Value per Share is projected to slightly grow based on the last few years of reporting. The past year's Book Value per Share was at 12.87

Photronics Current Valuation Drivers

We derive many important indicators used in calculating different scores of Photronics from analyzing Photronics' financial statements. These drivers represent accounts that assess Photronics' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Photronics' important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee26.56 K16.79 K19.52 K32.09 K28.88 K23.83 K
Revenue Per Employee338.01 K310.23 K351.87 K384.12 K345.71 K323.21 K
Earnings Before Interest Taxes and Depreciation Amortization EBITDA70.42 M56.76 M68.07 M191.09 M219.75 M180.32 M

About Photronics Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Photronics's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Photronics using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Photronics based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Photronics without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Please check Photronics Altman Z Score, Photronics Correlation, Photronics Valuation, as well as analyze Photronics Alpha and Beta and Photronics Hype Analysis. 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 Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.

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When running Photronics price analysis, check to measure Photronics' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Photronics is operating at the current time. Most of Photronics' value examination focuses on studying past and present price action to predict the probability of Photronics' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Photronics' price. Additionally, you may evaluate how the addition of Photronics to your portfolios can decrease your overall portfolio volatility.
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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
0.82
Market Capitalization
1.1 B
Quarterly Revenue Growth YOY
0.29
Return On Assets
0.0878
Return On Equity
0.15
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.