Photronics Intrinsic Value Calculation – PHOTRONICS Reports Third Quarter Fiscal Year 2023 Earnings Results
September 8, 2023
🌥️Earnings Overview
On September 6 2023, PHOTRONICS ($NASDAQ:PLAB) reported their earnings results for the third quarter of the 2023 fiscal year ending July 31 2023. The company saw a 1.9% increase in total revenue, which was USD 224.2 million, however, net income decreased 13.7%, coming to USD 27.0 million compared to the same period in the previous year.
Share Price
The stock opened at $20.2 and closed at $21.9, a drop of 6.8% from its last closing price of 23.5. PHOTRONICS is continuing to focus on their research and development efforts to drive innovations for their products and services, as well as expanding their marketing strategies to reach new customers. They expect these efforts to increase their sales in the fourth quarter of fiscal year 2023. Moving forward, they will continue to focus on their research and development efforts and marketing strategies in order to improve their financial performance in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Photronics. PHOTRONICS_Reports_Third_Quarter_Fiscal_Year_2023_Earnings_Results”>More…
| Total Revenues | Net Income | Net Margin |
| 874.87 | 117.93 | 13.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Photronics. PHOTRONICS_Reports_Third_Quarter_Fiscal_Year_2023_Earnings_Results”>More…
| Operations | Investing | Financing |
| 274.82 | -166.87 | -29.69 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Photronics. PHOTRONICS_Reports_Third_Quarter_Fiscal_Year_2023_Earnings_Results”>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.5k | 251.47 | 15.37 |
Key Ratios Snapshot
Some of the financial key ratios for Photronics are shown below. PHOTRONICS_Reports_Third_Quarter_Fiscal_Year_2023_Earnings_Results”>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.4% | 52.3% | 29.5% |
| FCF Margin | ROE | ROA |
| 14.8% | 17.1% | 10.7% |
Analysis – Photronics Intrinsic Value Calculation
GoodWhale recently conducted an analysis of PHOTRONICS‘s wellbeing and found that its intrinsic value is approximately $18.8. This figure was calculated using our proprietary Valuation Line, a tool that helps us to determine a company’s worth based on a variety of sources including market data and financial analysis. Currently, PHOTRONICS stock is trading at $21.9, which is higher than its intrinsic value and is considered to be overvalued by 16.4%. Despite this, PHOTRONICS may still present an attractive investment opportunity for those who are willing to take the risk. Ultimately, it’s important for investors to consider all the factors before making any decisions. More…
Peers
They specialize in photomask products and services, including photomask design, mask-making, and mask-processing. Photronics Inc has a strong presence in the photomask industry, providing high quality products and services to their customers.
– Veeco Instruments Inc ($NASDAQ:VECO)
Veeco Instruments Inc is a leading global provider of enabling technologies for the production of advanced semiconductor, LED, and other compound optoelectronic devices. Its products are used by customers in the data storage, wireless, display, and other markets. As of 2022, the company has a market cap of 1 billion dollars and a Return on Equity of 9.03%. This figure is an indication that the company is generating profits from its operations and is efficiently utilizing its shareholders’ investments to generate returns. Veeco Instruments Inc is well positioned for continued growth and success in the semiconductor and optoelectronic industries.
– Orient Semiconductor Electronics Ltd ($TWSE:2329)
Orient Semiconductor Electronics Ltd is a leading global semiconductor company that designs, manufactures, and sells a wide range of electronic components and devices. With a market cap of 10.25B as of 2022, Orient Semiconductor is one of the most valuable companies in the semiconductor industry. Additionally, the company has an impressive Return on Equity of 14.91%, indicating that it is generating strong returns on its investments.
– Nova Ltd ($NASDAQ:NVMI)
Nova Ltd is a leading international manufacturer of consumer electronics. With a market cap of 2.56B as of 2022 and a Return on Equity of 19.83%, the company is well-positioned to continue its success in the future. Its market cap indicates that it has a large presence in the industry and its high return on equity shows that it is efficiently using its shareholders’ investments to generate profits. Nova Ltd is committed to providing innovative products to meet the needs of its customers, while delivering superior value and quality.
Summary
PHOTRONICS reported their third quarter earnings for 2023 on September 6, with total revenue of USD 224.2 million, representing a 1.9% increase from the same period last year. Unfortunately, net income decreased by 13.7% to USD 27.0 million year on year. This news caused the stock price to drop the same day.
Investors should take note of these results when considering whether to invest in PHOTRONICS. It is important to examine the company’s financials, as well as factors such as current trends and market conditions, before making any investment decisions.
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