Photronics Free Cash Flow per Share vs Operating Income Analysis

PLAB Stock  USD 28.77  0.64  2.28%   
Photronics financial indicator trend analysis is much more than just breaking down Photronics prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Photronics is a good investment. Please check the relationship between Photronics Free Cash Flow Per Share and its Operating Income accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Photronics. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
For information on how to trade Photronics Stock refer to our How to Trade Photronics Stock guide.

Free Cash Flow Per Share vs Operating Income

Free Cash Flow per Share vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Photronics Free Cash Flow per Share account and Operating Income. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Photronics' Free Cash Flow per Share and Operating Income is 0.8. Overlapping area represents the amount of variation of Free Cash Flow per Share that can explain the historical movement of Operating Income in the same time period over historical financial statements of Photronics, assuming nothing else is changed. The correlation between historical values of Photronics' Free Cash Flow per Share and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow per Share of Photronics are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Free Cash Flow per Share i.e., Photronics' Free Cash Flow per Share and Operating Income go up and down completely randomly.

Correlation Coefficient

0.8
Relationship DirectionPositive 
Relationship StrengthStrong

Free Cash Flow Per Share

The amount of cash a company generates after accounting for capital expenditures, divided by the number of outstanding shares. It represents the cash available for dividends, share buybacks, or debt repayment per share.

Operating Income

Operating Income is the amount of profit realized from Photronics operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Photronics is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.
Most indicators from Photronics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Photronics current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Photronics. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
For information on how to trade Photronics Stock refer to our How to Trade Photronics Stock guide.The current year's Tax Provision is expected to grow to about 84.9 M, whereas Selling General Administrative is forecasted to decline to about 52.9 M.
 2021 2022 2023 2024 (projected)
Gross Profit294.2M336.2M386.6M405.9M
Total Revenue824.5M892.1M1.0B1.1B

Photronics fundamental ratios Correlations

-0.210.820.880.990.98-0.810.880.920.720.270.920.950.430.150.860.610.520.620.830.970.070.71-0.430.57-0.03
-0.21-0.41-0.15-0.22-0.190.65-0.59-0.380.19-0.14-0.4-0.380.430.82-0.37-0.190.360.56-0.44-0.40.210.060.850.3-0.57
0.82-0.410.720.770.73-0.780.920.880.35-0.070.880.83-0.040.030.70.460.050.360.980.89-0.110.39-0.530.10.31
0.88-0.150.720.840.89-0.630.760.720.70.230.720.870.410.010.790.710.460.670.660.810.440.82-0.420.520.03
0.99-0.220.770.840.98-0.820.860.920.720.320.920.930.480.130.850.570.560.580.80.960.050.7-0.410.62-0.09
0.98-0.190.730.890.98-0.760.830.850.770.40.850.940.490.110.890.660.580.630.740.920.130.77-0.440.64-0.11
-0.810.65-0.78-0.63-0.82-0.76-0.91-0.92-0.42-0.15-0.92-0.83-0.160.31-0.71-0.39-0.26-0.13-0.83-0.910.1-0.430.67-0.31-0.23
0.88-0.590.920.760.860.83-0.910.910.430.180.930.940.04-0.170.860.550.150.270.920.96-0.110.47-0.740.190.34
0.92-0.380.880.720.920.85-0.920.910.490.081.00.870.270.030.720.40.340.370.920.97-0.060.46-0.460.40.08
0.720.190.350.70.720.77-0.420.430.490.320.480.630.80.220.620.530.90.830.350.570.220.93-0.080.86-0.35
0.27-0.14-0.070.230.320.4-0.150.180.080.320.060.30.23-0.140.510.520.260.070.00.190.040.39-0.380.28-0.4
0.92-0.40.880.720.920.85-0.920.931.00.480.060.880.250.020.730.410.330.370.920.98-0.070.46-0.480.380.13
0.95-0.380.830.870.930.94-0.830.940.870.630.30.880.26-0.020.940.640.360.50.810.960.010.66-0.640.40.2
0.430.43-0.040.410.480.49-0.160.040.270.80.230.250.260.290.210.230.960.670.020.260.370.70.360.95-0.61
0.150.820.030.010.130.110.31-0.170.030.22-0.140.02-0.020.29-0.05-0.060.270.630.020.0-0.160.030.630.25-0.4
0.86-0.370.70.790.850.89-0.710.860.720.620.510.730.940.21-0.050.620.330.450.680.85-0.030.66-0.70.340.11
0.61-0.190.460.710.570.66-0.390.550.40.530.520.410.640.23-0.060.620.30.440.410.550.140.66-0.420.340.1
0.520.360.050.460.560.58-0.260.150.340.90.260.330.360.960.270.330.30.720.090.360.240.780.230.97-0.54
0.620.560.360.670.580.63-0.130.270.370.830.070.370.50.670.630.450.440.720.290.440.270.760.210.68-0.33
0.83-0.440.980.660.80.74-0.830.920.920.350.00.920.810.020.020.680.410.090.290.9-0.140.36-0.510.160.18
0.97-0.40.890.810.960.92-0.910.960.970.570.190.980.960.260.00.850.550.360.440.9-0.040.57-0.570.410.15
0.070.21-0.110.440.050.130.1-0.11-0.060.220.04-0.070.010.37-0.16-0.030.140.240.27-0.14-0.040.390.120.3-0.31
0.710.060.390.820.70.77-0.430.470.460.930.390.460.660.70.030.660.660.780.760.360.570.39-0.20.78-0.26
-0.430.85-0.53-0.42-0.41-0.440.67-0.74-0.46-0.08-0.38-0.48-0.640.360.63-0.7-0.420.230.21-0.51-0.570.12-0.20.22-0.52
0.570.30.10.520.620.64-0.310.190.40.860.280.380.40.950.250.340.340.970.680.160.410.30.780.22-0.56
-0.03-0.570.310.03-0.09-0.11-0.230.340.08-0.35-0.40.130.2-0.61-0.40.110.1-0.54-0.330.180.15-0.31-0.26-0.52-0.56
Click cells to compare fundamentals

Photronics Account Relationship Matchups

Photronics fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.2B1.3B1.3B1.5B1.8B1.8B
Short Long Term Debt Total70.8M111.7M42.3M24.6M28.3M26.9M
Other Current Liab43.7M57.6M85.3M178.6M205.4M215.7M
Total Current Liabilities142.9M176.1M193.8M185.2M213.0M223.7M
Total Stockholder Equity805.0M823.7M831.5M975.0M1.1B1.2B
Property Plant And Equipment Net631.5M696.6M643.9M709.2M815.6M856.4M
Net Debt(207.8M)(165.0M)(277.3M)(474.7M)(427.2M)(405.8M)
Retained Earnings279.0M317.8M435.6M561.1M645.3M677.6M
Cash278.7M276.7M319.7M499.3M574.2M602.9M
Non Current Assets Total688.0M743.6M671.2M740.8M851.9M446.0M
Non Currrent Assets Other28.2M46.3M7.5M10.2M11.8M19.7M
Cash And Short Term Investments278.7M276.7M358.5M512.2M589.0M618.5M
Net Receivables157.3M174.4M198.1M194.9M224.2M235.4M
Common Stock Shares Outstanding65.5M62.0M61.2M61.8M71.0M45.1M
Liabilities And Stockholders Equity1.2B1.3B1.3B1.5B1.8B1.8B
Non Current Liabilities Total83.0M117.5M59.9M65.4M75.2M126.3M
Inventory57.3M55.2M50.8M50.0M57.5M60.3M
Other Current Assets608K44.3M37.3M28.4M32.6M34.2M
Other Stockholder Equity507.3M484.7M493.7M502.0M577.3M296.7M
Total Liab225.9M293.6M253.7M250.6M288.2M219.2M
Property Plant And Equipment Gross631.5M696.6M643.9M2.2B2.5B2.7B
Total Current Assets500.1M550.6M644.7M785.5M903.3M948.4M
Accumulated Other Comprehensive Income18.0M20.6M(98.5M)(88.7M)(102.0M)(96.9M)
Short Term Debt15.9M22.2M10.0M6.6M7.6M13.0M
Accounts Payable75.4M81.5M79.6M84.0M96.6M55.3M
Intangible Assets12.4M7.9M3.4M774K696.6K661.8K
Common Stock Total Equity697K656K631K608K699.2K528.5K
Common Stock631K600K608K613K705.0K538.1K
Other Liab13.7M28.0M28.0M27.6M31.8M33.4M
Other Assets50.8M53.1M46.3M27.3M24.6M22.4M
Long Term Debt55.0M89.4M32.3M18.0M16.2M15.4M
Property Plant Equipment632.4M631.5M696.6M643.9M740.5M528.7M
Current Deferred Revenue8.0M14.7M18.9M(84.0M)(75.6M)(71.8M)
Net Tangible Assets769.9M805.0M822.9M831.5M956.3M766.9M
Noncontrolling Interest In Consolidated Entity141.2M157.3M176.9M230.6M265.1M278.4M
Retained Earnings Total Equity253.9M279.0M317.8M435.6M501.0M526.0M

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When determining whether Photronics offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Photronics' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Photronics Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Photronics Stock:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Photronics. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
For information on how to trade Photronics Stock refer to our How to Trade Photronics Stock guide.
Note that the Photronics information on this page should be used as a complementary analysis to other Photronics' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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When running Photronics' price analysis, check to measure Photronics' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Photronics is operating at the current time. Most of Photronics' value examination focuses on studying past and present price action to predict the probability of Photronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Photronics' price. Additionally, you may evaluate how the addition of Photronics to your portfolios can decrease your overall portfolio volatility.
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Is Photronics' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Photronics. If investors know Photronics will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Photronics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.829
Earnings Share
2.22
Revenue Per Share
14.643
Quarterly Revenue Growth
0.025
Return On Assets
0.1052
The market value of Photronics is measured differently than its book value, which is the value of Photronics that is recorded on the company's balance sheet. Investors also form their own opinion of Photronics' value that differs from its market value or its book value, called intrinsic value, which is Photronics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Photronics' market value can be influenced by many factors that don't directly affect Photronics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Photronics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Photronics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Photronics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.