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Intrinsic value of Photronics, Inc. (PLAB)

Previous Close$24.23
Intrinsic Value
Upside potential
Previous Close
$24.23
Use floor (the cash flow based valuation has rendered a result, which is lower than an estimated minimum value derived from the company’s balance sheet analysis)

VALUATION INPUT DATA (original, your and others' valuations)

ParameterOrig.Your
Date of valuation (DoV)  
Intrinsic value (IV) at DoV, $/sh  
IV at current val. algorithm, $/sh15.99 

The original valuation is based on fiscal year data as of 2021-10-31 and quarterly data as of 2022-01-31.

Registered users can save their valuation input data

  1. Annual
  2. Quarterly YoY
  3. Quarterly QoQ

Annual revenue growth rates, % (past and forecasted)

NOTE: The bar chart shows historic and forecasted yearly revenue growth rates. Its purpose is to help you in determining what initial revenue rate you want to base your stock valuation on. Please make sure that you are confident in the value you select - for most stocks it is by far the most important parameter in valuation.

Company description

Photronics, Inc., together with its subsidiaries, manufactures and sells photomasks in Taiwan, Korea, the United States, Europe, China, and internationally. The company offers photomasks, which are high precision photographic quartz or glass plates containing microscopic images of electronic circuits for use in the manufacture of semiconductors and flat panel displays (FPDs), as well as that are used as masters to transfer circuit patterns onto semiconductor wafers and FDP substrates during the fabrication of integrated circuits, FPDs, and other types of electrical and optical components. It sells its products to semiconductor or FPD designers, manufacturers, and foundries, as well as to other high performance electronics manufacturers through its sales personnel and customer service representatives. The company was formerly known as Photronic Labs, Inc. and changed its name to Photronics, Inc. in 1990. Photronics, Inc. was founded in 1969 and is based in Brookfield, Connecticut.

show cash flow forecast

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year2021(a)2022202320242025202620272028202920302031203220332034203520362037203820392040204120422043204420452046

INCOME STATEMENT

Revenue growth rate, %8.9NaN
Revenue, $664NaN
Variable operating expenses, $mNaN
Fixed operating expenses, $mNaN
Total operating expenses, $m569NaN
Operating income, $m95NaN
EBITDA, $m185NaN
Interest expense (income), $mNaN
Earnings before tax, $m79NaN
Tax expense, $m23NaN
Net income, $m55NaN

BALANCE SHEET

Cash and short-term investments, $m277NaN
Total assets, $m1294NaN
Adjusted assets (=assets-cash), $m1017NaN
Average production assets, $m673NaN
Working capital, $m375NaN
Total debt, $m118NaN
Total liabilities, $m470NaN
Total equity, $m824NaN
Debt-to-equity ratio0.143NaN
Adjusted equity ratio0.562NaN

CASH FLOW

Net income, $m55NaN
Depreciation, amort., depletion, $m90NaN
Funds from operations, $mNaN
Change in working capital, $mNaN
Cash from operations, $m151NaN
Maintenance CAPEX, $mNaN
New CAPEX, $mNaN
Total CAPEX, $m-109NaN
Free cash flow, $m260NaN
Issuance/(repurchase) of shares, $mNaN
Retained Cash Flow, $mNaN
Pot'l extraordinary dividend, $m375
Cash available for distribution, $mNaN
Discount rate, %NaN
PV of cash for distribution, $mNaN
Current shareholders' claim on cash, %NaN
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