Ambarella, Inc. (AMBA) vs Photronics, Inc. (PLAB)

Ambarella, Inc. and Photronics, Inc. are both Semiconductor Equipment & Materials companies. Ambarella, Inc. is the larger, with a market value of $3.1B against $1.8B — 1.8× the size. Ambarella, Inc. has negative trailing earnings, so its P/E is not meaningful; Photronics, Inc. trades at 10.7×. Ambarella, Inc. grew revenue faster over the last twelve months: 20.0% against 1.25%. Photronics, Inc. has the higher net margin (19.0% vs −13.5%) and the higher return on invested capital (11.3% vs −11.2%). Across the 19 metrics below, Photronics, Inc. leads on 14 and Ambarella, Inc. on 5.

Valuation

Metric AMBA PLAB Semiconductor Equipment & Materials median
P/E n/m 10.67 54.39
P/S 7.68 2.04 6.08
P/B 5.17 1.01 4.89
Price to free cash flow n/m 16.08 60.92
EV/EBITDA n/m 4.02 39.95
EV/Sales 7.03 1.27 6.36
Earnings yield (1.77%) 9.38% 1.14%
Free cash flow yield (0.18%) 6.22% 1.28%

Profitability

Metric AMBA PLAB Semiconductor Equipment & Materials median
Gross margin 58.52% 33.65% 43.95%
Operating margin (14.90%) 22.46% 10.32%
Net margin (13.48%) 19.04% 7.45%
Free cash flow margin 2.33% 12.74% 6.77%
Return on equity (9.41%) 10.06% 4.78%
Return on assets (7.58%) 8.82% 3.62%
Return on invested capital (11.19%) 11.32% 6.10%

Growth

Metric AMBA PLAB Semiconductor Equipment & Materials median
Revenue growth (TTM) 20.04% 1.25% 14.60%
EPS growth (last fiscal year) 37.32% 9.09% —
Revenue growth, 5-year CAGR 11.87% 6.85% 8.85%
Net income growth, 5-year CAGR 0.00% 32.17% 0.00%

Health

Metric AMBA PLAB Semiconductor Equipment & Materials median
Debt to equity 0.00 0.00 0.09
Current ratio 2.85 4.94 3.66
Net debt to EBITDA 5.48 (2.06) (0.49)

Dividend

Metric AMBA PLAB Semiconductor Equipment & Materials median
Dividend yield — — 0.85%
Payout ratio 0.00 0.00 0.00

Size

Metric AMBA PLAB Semiconductor Equipment & Materials median
Market cap 3.13b 1.78b 4.63b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack