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Why Photronics, Inc. (NASDAQ:PLAB) Could Be Worth Watching

Why Photronics, Inc. (NASDAQ:PLAB) Could Be Worth Watching

爲什麼 Photronics, Inc.(納斯達克股票代碼:PLAB)可能值得一看
Simply Wall St ·  2023/09/29 21:31

Photronics, Inc. (NASDAQ:PLAB), might not be a large cap stock, but it saw significant share price movement during recent months on the NASDAQGS, rising to highs of US$26.95 and falling to the lows of US$19.13. Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. A question to answer is whether Photronics' current trading price of US$20.36 reflective of the actual value of the small-cap? Or is it currently undervalued, providing us with the opportunity to buy? Let's take a look at Photronics's outlook and value based on the most recent financial data to see if there are any catalysts for a price change.

光電子公司(納斯達克:PLAB)可能不是一隻大盤股,但它在納斯達克看到了近幾個月來股價的顯著波動,漲至26.95美元的高點,跌至19.13美元的低點。一些股價波動可以讓投資者有更好的機會買入股票,並有可能以更低的價格買入。一個需要回答的問題是,光電子目前20.36美元的交易價格是否反映了小盤股的實際價值?或者,它目前被低估了,為我們提供了買入的機會?讓我們根據最新的財務數據來看看光電子的前景和價值,看看是否有任何推動價格變化的催化劑。

See our latest analysis for Photronics

查看我們對光電子的最新分析

What's The Opportunity In Photronics?

光電子行業有什麼機會?

Great news for investors – Photronics is still trading at a fairly cheap price according to my price multiple model, where I compare the company's price-to-earnings ratio to the industry average. I've used the price-to-earnings ratio in this instance because there's not enough visibility to forecast its cash flows. The stock's ratio of 10.8x is currently well-below the industry average of 24.76x, meaning that it is trading at a cheaper price relative to its peers. However, given that Photronics's share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us another chance to buy in the future. This is based on its high beta, which is a good indicator for share price volatility.

對於投資者來說,這是個好消息--根據我的本益比模型,光電子的股價仍然相當便宜,我將該公司的本益比與行業平均水準進行了比較。我之所以在這種情況下使用本益比,是因為沒有足夠的可見性來預測其現金流。該股目前的本益比為10.8倍,遠低於24.76倍的行業平均水準,這意味著它的交易價格比同行更低。然而,鑑於光電子的股價波動相當大(即其價格相對於市場其他部分的波動被放大),這可能意味著價格可能會下跌,給我們未來另一個買入的機會。這是基於其較高的貝塔係數,這是一個很好的股價波動指標。

What does the future of Photronics look like?

光電子的未來是什麼樣子的?

earnings-and-revenue-growth
NasdaqGS:PLAB Earnings and Revenue Growth September 29th 2023
納斯達克:PLAB收益和收入增長2023年9月29日

Future outlook is an important aspect when you're looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Although value investors would argue that it's the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. Photronics' earnings growth are expected to be in the teens in the upcoming year, indicating a solid future ahead. This should lead to robust cash flows, feeding into a higher share value.

當你考慮購買一隻股票時,未來前景是一個重要的方面,特別是如果你是一個尋求投資組合增長的投資者。儘管價值投資者會爭辯說,相對於價格的內在價值才是最重要的,但一個更有說服力的投資命題是以低廉的價格實現高增長潛力。預計光電子在未來一年的收益增長將在十幾歲左右,這表明未來將是穩健的。這應該會帶來強勁的現金流,從而推動更高的股價。

What This Means For You

這對你意味著什麼

Are you a shareholder? Since PLAB is currently trading below the industry PE ratio, it may be a great time to increase your holdings in the stock. With an optimistic profit outlook on the horizon, it seems like this growth has not yet been fully factored into the share price. However, there are also other factors such as financial health to consider, which could explain the current price multiple.

你是股東嗎?由於PLAB目前的交易價格低於行業本益比,現在可能是增持該股的好時機。在樂觀的利潤前景即將到來的情況下,這種增長似乎還沒有完全計入股價。然而,還有其他因素需要考慮,比如財務健康狀況,這可以解釋目前的本益比。

Are you a potential investor? If you've been keeping an eye on PLAB for a while, now might be the time to enter the stock. Its buoyant future profit outlook isn't fully reflected in the current share price yet, which means it's not too late to buy PLAB. But before you make any investment decisions, consider other factors such as the strength of its balance sheet, in order to make a well-informed investment decision.

你是潛在的投資者嗎?如果你已經關注PLAB有一段時間了,現在可能是進入該股的時候了。其樂觀的未來利潤前景還沒有完全反映在當前的股價中,這意味著現在收購PLAB還不算太晚。但在你做出任何投資決定之前,要考慮其他因素,如其資產負債表的實力,以便做出明智的投資決定。

Since timing is quite important when it comes to individual stock picking, it's worth taking a look at what those latest analysts forecasts are. Luckily, you can check out what analysts are forecasting by clicking here.

由於在挑選個股時,時機相當重要,因此值得看看分析師們的最新預測。幸運的是,您可以通過單擊此處查看分析師的預測。

If you are no longer interested in Photronics, you can use our free platform to see our list of over 50 other stocks with a high growth potential.

如果你對光電子不再感興趣,你可以使用我們的免費平臺查看我們的50多隻其他具有高增長潛力的股票。

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

對這篇文章有什麼反饋嗎?擔心內容嗎? 保持聯繫直接與我們聯繫.或者,也可以給編輯組發電子郵件,地址是暗示Wallst.com。
本文由Simply Wall St.撰寫,具有概括性.我們僅使用不偏不倚的方法提供基於歷史數據和分析師預測的評論,我們的文章並不打算作為財務建議.它不構成買賣任何股票的建議,也沒有考慮你的目標或你的財務狀況.我們的目標是為您帶來由基本面數據驅動的長期重點分析.請注意,我們的分析可能不會將最新的對價格敏感的公司公告或定性材料考慮在內.Simply Wall St.對上述任何一隻股票都沒有持倉.

声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息
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