Photronics, Inc. (PLAB) vs SmartKem, Inc. (SMTK)

Photronics, Inc. and SmartKem, Inc. are both Semiconductor Equipment & Materials companies. Photronics, Inc. is the larger, with a market value of $1.5B against $350.0K — 4285.7× the size. SmartKem, Inc. has negative trailing earnings, so its P/E is not meaningful; Photronics, Inc. trades at 9.0×. SmartKem, Inc. grew revenue faster over the last twelve months: 561.0% against 1.25%. Photronics, Inc. has the higher net margin (19.0% vs 0.00%) and the higher return on invested capital (11.3% vs −97.0%). Across the 20 metrics below, Photronics, Inc. leads on 10 and SmartKem, Inc. on 10.

Valuation

Metric PLAB SMTK Semiconductor Equipment & Materials median
P/E 9.04 n/m 33.70
P/S 1.73 0.20 4.22
P/B 0.86 0.01 2.94
Price to free cash flow 13.63 n/m 31.49
EV/EBITDA 3.03 0.41 22.64
EV/Sales 0.96 (5.11) 4.97
Earnings yield 11.06% (35,924.20%) 2.02%
Free cash flow yield 7.33% (3,690.63%) 2.27%

Profitability

Metric PLAB SMTK Semiconductor Equipment & Materials median
Gross margin 33.65% 60.37% 46.86%
Operating margin 22.46% 0.00% 12.02%
Net margin 19.04% 0.00% 10.16%
Free cash flow margin 12.74% 0.00% 6.73%
Return on equity 10.06% (598.72%) 5.31%
Return on assets 8.82% (390.78%) 4.10%
Return on invested capital 11.32% (96.97%) 6.36%

Growth

Metric PLAB SMTK Semiconductor Equipment & Materials median
Revenue growth (TTM) 1.25% 560.95% 15.82%
EPS growth (last fiscal year) 9.09% 78.50% (4.56%)
Revenue growth, 5-year CAGR 6.85% 49.29% 10.11%
Net income growth, 5-year CAGR 32.17% 0.00% 0.00%

Health

Metric PLAB SMTK Semiconductor Equipment & Materials median
Debt to equity 0.00 0.00 0.09
Current ratio 4.94 15.34 3.56
Net debt to EBITDA (2.06) 0.03 (0.49)

Dividend

Metric PLAB SMTK Semiconductor Equipment & Materials median
Dividend yield — — 0.59%
Payout ratio — — 0.16

Size

Metric PLAB SMTK Semiconductor Equipment & Materials median
Market cap 1.50b 350.00k 3.04b

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