Photronics Stock Today

PLAB
 Stock
  

USD 25.78  2.07  8.73%   

Market Performance
15 of 100
Odds Of Distress
Less than 1
Photronics is trading at 25.78 as of the 14th of August 2022, a 8.73 percent up since the beginning of the trading day. The stock's open price was 23.71. Photronics has a very small chance of experiencing financial distress in the next few years and had a good performance during the last 90 days. Equity ratings for Photronics are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 15th of July 2022 and ending today, the 14th of August 2022. Click here to learn more.
CUSIP
719405102
Fiscal Year End
October
Business Domain
Semiconductors & Semiconductor Equipment
IPO Date
10th of March 1987
Category
Technology
Classification
Information Technology
ISIN
US7194051022
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. The company has 60.9 M outstanding shares of which 1.73 M shares are at this time shorted by private and institutional investors with about 1.78 trading days to cover. More on Photronics

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Photronics Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. If you consider yourself one of those investors, make sure you clearly understand your entering position. Photronics' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Photronics or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Photronics appears to be risky and price may revert if volatility continues
Photronics is unlikely to experience financial distress in the next 2 years
Over 92.0% of the company shares are owned by institutional investors
Latest headline from www.marketbeat.com: DA Davidson Research Analysts Cut Earnings Estimates for Photronics, Inc. - MarketBeat
CEO and DirectorPeter Kirlin
Thematic IdeaMillennials Best (view all)
Average Analyst Recommendation
Analysts covering Photronics report their recommendations after researching Photronics' financial statements, talking to executives and customers, or listening in on Photronics' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Photronics. The Photronics consensus assessment is calculated by taking the average forecast from all of the analysts covering Photronics.
Piotroski F Score
Piotroski F-Score is a popular financial indicator that puts together nine criteria to evaluate the financial strength of Photronics based on its profitability, leverage, liquidity, source of funds, and operating efficiency. It is an academic score (developed by Joseph Piotroski in 2002) to determine the current strength of Photronics financial position. Scores of 8 and 9 are usually classified as strong value stocks, whereas scores of 2 or below are considered weak value stocks.
HealthyDetails
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares55.6 M55.3 M
Slightly Up
Decreasing
Slightly volatile
Weighted Average Shares Diluted58.3 M55.8 M
Sufficiently Up
Decreasing
Slightly volatile
Net Cash Flow from Operations120.7 M135.7 M
Fairly Down
Decreasing
Very volatile
Total AssetsB1.2 B
Fairly Down
Increasing
Slightly volatile
Total Liabilities365.8 M423.5 M
Fairly Down
Increasing
Very volatile
Current Assets426.5 M495.6 M
Fairly Down
Increasing
Slightly volatile
Current Liabilities138.3 M158.5 M
Fairly Down
Decreasing
Slightly volatile
Total Debt53.1 M51.7 M
Fairly Up
Decreasing
Slightly volatile
Return on Average Assets3.454.02
Fairly Down
Decreasing
Stable
Gross Margin28.9628.94
Slightly Up
Decreasing
Very volatile
Asset Turnover0.620.61
Fairly Up
Increasing
Slightly volatile
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Photronics' available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong BuyOvervalued
Financial Strength
Photronics' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Photronics' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Photronics' financial leverage. It provides some insight into what part of Photronics' total assets is financed by creditors.
Share Download
Share Download
By using current balance sheet information, investors can analyze the liability, assets, and equity on Photronics' books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Photronics deploys its capital and how much of that capital is borrowed.
Liquidity
Photronics cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 86.68 M in liabilities with Debt to Equity (D/E) ratio of 0.08, which may suggest the company is not taking enough advantage from borrowing. Photronics has a current ratio of 3.31, suggesting that it is liquid enough and is able to pay its financial obligations when due. Debt can assist Photronics until it has trouble settling it off, either with new capital or with free cash flow. So, Photronics' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Photronics sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Photronics to invest in growth at high rates of return. When we think about Photronics' use of debt, we should always consider it together with cash and equity.

Operating Cash Flow

120.74 Million
Photronics (PLAB) is traded on NASDAQ Exchange in USA and employs 1,728 people. The company currently falls under 'Mid-Cap' category with current market capitalization of 1.57 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Photronics's market, we take the total number of its shares issued and multiply it by Photronics's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities. Photronics conducts business under Technology sector and is part of Semiconductor Equipment & Materials industry. The entity has 60.9 M outstanding shares of which 1.73 M shares are at this time shorted by private and institutional investors with about 1.78 trading days to cover. Photronics currently holds about 329.28 M in cash with 195.84 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 5.34.
Check Photronics Probability Of Bankruptcy
Ownership
Photronics owns a total of sixty million nine hundred thousand outstanding shares. The majority of Photronics outstanding shares are owned by third-party entities. These institutional holders are usually referred to as non-private investors looking to secure positions in Photronics to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Photronics. Please pay attention to any change in the institutional holdings of Photronics as this could imply that something significant has changed or about to change at the company. Please note that no matter how much assets the company maintains, if the real value of the company is less than the current market value, you may not be able to make money on it.

Ownership Allocation (%)

Check Photronics Ownership Details

Photronics Stock Price Odds Analysis

What are Photronics' target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Photronics jumping above the current price in 90 days from now is roughly 2.67%. The Photronics probability density function shows the probability of Photronics stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 2.1943 indicating as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Photronics will likely underperform. Additionally, the company has an alpha of 0.7532, implying that it can generate a 0.75 percent excess return over DOW after adjusting for the inherited market risk (beta).
  Odds Below 25.78HorizonTargetOdds Above 25.78
97.31%90 days
 25.78 
2.67%
Based on a normal probability distribution, the odds of Photronics to move above the current price in 90 days from now is roughly 2.67 (This Photronics probability density function shows the probability of Photronics Stock to fall within a particular range of prices over 90 days) .

Photronics Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Photronics that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Photronics' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Photronics' value.
InstituionSecurity TypeTotal SharesValue
Blackrock IncCommon Shares10 M195.4 M
Vanguard Group IncCommon Shares4.5 M88.5 M
View Photronics Diagnostics

Photronics Historical Income Statement

Photronics Income Statement is one of the three primary financial statements used for reporting Photronics's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Photronics revenue and expense. Photronics Income Statement primarily focuses on the company's revenues and expenses during a particular period.
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. View More Fundamentals

Photronics Stock Against Markets

Picking the right benchmark for Photronics stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Photronics stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Photronics is critical whether you are bullish or bearish towards Photronics at a given time.

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 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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Photronics Corporate Directors

Photronics corporate directors refer to members of a Photronics board of directors. The board of directors generally takes responsibility for the Photronics' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Photronics' board members must vote for the resolution. The Photronics board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Liang Hsia - Independent DirectorProfile
Joseph Fiorita - Independent DirectorProfile
Walter Fiederowicz - Lead Independent DirectorProfile
George Macricostas - DirectorProfile

Invested in Photronics?

You need to understand the risk of investing before taking a position in Photronics. The danger of trading Photronics is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Photronics is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Photronics. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Photronics is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please check Your Equity Center. 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 Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.

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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
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.