Photronics Z Score

PLAB
 Stock
  

USD 18.45  0.24  1.32%   

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Please check Photronics Piotroski F Score and Photronics Valuation analysis.
  
Photronics Return on Invested Capital is projected to slightly decrease based on the last few years of reporting. The past year's Return on Invested Capital was at 0.09. The current year Invested Capital is expected to grow to about 770.7 M, whereas Capital Expenditure is forecasted to decline to (89.9 M). Photronics Consolidated Income is projected to increase significantly based on the last few years of reporting. The past year's Consolidated Income was at 70.42 Million. The current year Earning Before Interest and Taxes EBIT is expected to grow to about 64.1 M, whereas Direct Expenses is forecasted to decline to about 398 M.

Photronics Z Score Analysis

Photronics' Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
 2021 2022 (projected)
Consolidated Income70.42 M75.98 M
Direct Expenses447.05 M397.96 M
Z Score 
 = 
Sum Of  
 
5 Factors 
More About Z Score | All Equity Analysis

Current Photronics Z Score

    
  10.8  
Most of Photronics' fundamental indicators, such as Z Score, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Photronics is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
First Factor
 = 
1.2 * (
Working Capital
/
Total Assets )
Second Factor
 = 
1.4 * (
Retained Earnings
/
Total Assets )
Thrid Factor
 = 
3.3 * (
EBITAD
/
Total Assets )
Fouth Factor
 = 
0.6 * (
Market Value of Equity
/
Total Liabilities )
Fifth Factor
 = 
0.99 * (
Revenue
/
Total Assets )

Photronics Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Photronics is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Z Score. Since Photronics' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Photronics' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Photronics' interrelated accounts and indicators.
To calculate Z-Score one would need to know current working capital of the company, its total assets, and liabilities, amount of latest retained earnings as well as earnings before interest and tax. Z-Score can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area' with scores of less than 1, indicating the high probability of distress. Z Score is used widely by financial auditors, accountants, money managers, loan processers, wealth advisers, as well as day traders. In the last 25 years, many financial models that utilize z score has been proved to be successful as a predictor of corporate bankruptcy.
Compare to competition

Based on the company's disclosures, Photronics has a Z Score of 10.8. This is 19.7% lower than that of the Semiconductors & Semiconductor Equipment sector and 102.25% higher than that of the Information Technology industry. The z score for all United States stocks is 23.85% lower than that of the firm.

Photronics Z Score Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Photronics' direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Photronics could also be used in its relative valuation, which is a method of valuing Photronics by comparing valuation metrics of similar companies.
Photronics is currently under evaluation in z score category among related companies.

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

Photronics Fundamentals

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 Piotroski F Score and Photronics Valuation 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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

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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
0.821
Market Capitalization
1.1 B
Quarterly Revenue Growth YOY
0.289
Return On Assets
0.0878
Return On Equity
0.1471
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.