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 $1.7B against $660.0K — 2545.5× the size. SmartKem, Inc. has negative trailing earnings, so its P/E is not meaningful; Photronics, Inc. trades at 9.7×. 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 9.66 n/m 45.03
P/S 1.85 0.36 4.64
P/B 0.92 0.03 3.22
Price to free cash flow 14.56 n/m 48.18
EV/EBITDA 3.40 0.40 33.11
EV/Sales 1.08 (4.96) 5.52
Earnings yield 10.36% (20,188.68%) 1.41%
Free cash flow yield 6.87% (2,089.03%) 1.67%

Profitability

Metric PLAB SMTK Semiconductor Equipment & Materials median
Gross margin 33.65% 60.37% 43.95%
Operating margin 22.46% 0.00% 10.32%
Net margin 19.04% 0.00% 7.45%
Free cash flow margin 12.74% 0.00% 6.77%
Return on equity 10.06% (598.72%) 4.78%
Return on assets 8.82% (390.78%) 3.62%
Return on invested capital 11.32% (96.97%) 6.10%

Growth

Metric PLAB SMTK Semiconductor Equipment & Materials median
Revenue growth (TTM) 1.25% 560.95% 14.60%
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 3.66
Net debt to EBITDA (2.06) 0.03 (0.49)

Dividend

Metric PLAB SMTK Semiconductor Equipment & Materials median
Dividend yield — — 0.42%
Payout ratio — — 0.19

Size

Metric PLAB SMTK Semiconductor Equipment & Materials median
Market cap 1.68b 660.00k 3.80b

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