$Photronics (PLAB.US)$In the March 2022 analysis, it was sel...

Launched in 1987, mainly for photomask business, global market, current price 29.53.

Revenue has continued to grow over the past 5 years, with an average growth rate of 10.7%. In addition to shrinking in 2019 due to the decline in gross margin, operating profit increased for 4 years. The average growth rate was 31.2%, and the average net profit growth rate was 26.7%. Interest expenses are converted into income in 2023, and there is no interest burden. The gross margin increased from 22% to 37.7% in the past 5 years, and the return on net assets increased from 3.9% to 13.9%.

2024Q1 revenue increased 2.5%, operating profit increased 2.7%, and net profit increased 14.3% due to loss of securities not sold.

Minority shareholders account for relatively high earnings, reaching 37% of net profit in 2023.

The balance ratio has declined from 18.6% to 16.4% in the past 5 years, and is currently 14.9%. The ratio and growth rate of accounts receivable and inventory are relatively normal. Long-term loans of 2.655 million can be ignored. Current cash is $522 million.

Over the past five years, net operating cash flow has been significantly higher than net investment, generating a large number of shareholders' surpluses.

Currently, the price-earnings ratio is 14.6, and the price-earnings ratio is TTM13.3. There is a big discount compared to the growth rate, so you can still choose (⭐️)