Photronics, Inc.

Photronics, Inc.

PLABยทNASDAQ

$32.11

+0.75%
TechnologySemiconductors

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. The company offers photomasks that are used in the manufacture of integrated circuits and flat panel displays (FPDs); and to transfer circuit patterns onto semiconductor wafers, FDP substrates, and other types of electrical and optical components. It sells its products to semiconductor and FPD manufacturers, designers, 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 incorporated in 1969 and is based in Brookfield, Connecticut.

At a Glance

Live Snapshot
Market Cap$1.89B
EPS2.2900
P/E Ratio14.02
Earnings Date08/26/2026
Photronics, Inc.

Photronics, Inc. Fair Value Envelope

PLAB ยท NASDAQ

Our analysis suggests that PLAB has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $32.11, this represents a potential HIDDEN relative to our calculated worth for Photronics, Inc..

Intrinsic Value
Current Price: $32.11

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$182.7M
+ Cash & Equivalents$492.3M
Firm Value$675.0M
- Debt$6.0M
Equity Value$669.0M
/ Shares Outstanding60,672,666B
DCF Value$11
OVERVALUED BY 66%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$123.9M
$61.9M
$31.0M
$15.5M
$7.7M
$3.9M
$1.9M
$968.0K
$484.0K
$242.0K
Maintenance CapEx
-$18.8M
-$9.4M
-$4.7M
-$2.4M
-$1.2M
-$587.9K
-$294.0K
-$147.0K
-$73.5K
-$36.7K
Owner Earnings
$105.1M
$52.5M
$26.3M
$13.1M
$6.6M
$3.3M
$1.6M
$821.0K
$410.5K
$205.2K
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$97.3M
$45.0M
$20.9M
$9.7M
$4.5M
$2.1M
$958.1K
$443.5K
$205.3K
$95.1K
Terminal Value represents 0.9% of Enterprise Value