Added to YB: 2025-09-10
Pitch date: 2025-09-08
PLAB [bullish]
Photronics, Inc.
+59.89%
current return
Author Info
No bio for this author
Company Info
Photronics, Inc., together with its subsidiaries, engages in the manufacture and sale of photomask products and services in the United States, Taiwan, China, Korea, Europe, and internationally.
Market Cap
$1.5B
Pitch Price
$22.71
Price Target
N/A
Dividend
N/A
EV/EBITDA
4.73
P/E
11.27
EV/Sales
N/A
Sector
Semiconductors and Semiconductor Equipment
Category
value
Photronics - Architects of the Integrated Circuit
PLAB: Photomask manufacturer (chip blueprints) w/ small moat from capital intensity & proximity needs. Trading 9-12% normalized FCF yield despite MSD+ growth potential. $200M capex cycle normalizing next year. Risks: semi cyclicality, captive competition, China exposure (24% revs). Strong ROIC 20%+, 35% gross margins.
Read full article (6 min)