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home / news releases / PLAB - Photronics: Extremely Undervalued And A Cash Rich Photomask Leader

PLAB - Photronics: Extremely Undervalued And A Cash Rich Photomask Leader

Photronics Inc.

2024-07-19 10:21:54 ET

Summary

  • Photronics, Inc. is a leading manufacturer of photomasks for semiconductors, with significant demand due to AI and IoT applications.
  • Planned investments in IC capacity and efficiency in 2024 could drive FCF growth.
  • The company is also expecting demand for its products thanks to supply chain regionalization and differentiation by design.
  • Photronics is cash rich, and reports negative net debt.
  • Photronics, Inc. appears to trade at close to 4.4x FWD EBITDA, and the sector median is close to 15x FWD EBITDA.

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For further details see:

Photronics: Extremely Undervalued, And A Cash Rich Photomask Leader
Stock Information
Company Name: Photronics Inc.
Stock Symbol: PLAB
Market: NASDAQ
Website: photronics.com
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