Photronics, Inc. (PLAB) vs Trio-Tech International (TRT)

Photronics, Inc. and Trio-Tech International are both Semiconductor Equipment & Materials companies. Photronics, Inc. is the larger, with a market value of $1.8B against $75.0M — 23.7× the size. Photronics, Inc. trades at the lower P/E: 10.7× against 156×. Trio-Tech International grew revenue faster over the last twelve months: 64.1% against 1.25%. Photronics, Inc. has the higher net margin (19.0% vs 0.60%) and the higher return on invested capital (11.3% vs 1.89%). Across the 22 metrics below, Photronics, Inc. leads on 18 and Trio-Tech International on 4.

Valuation

Metric PLAB TRT Semiconductor Equipment & Materials median
P/E 10.67 155.50 54.39
P/S 2.04 0.94 6.08
P/B 1.01 1.69 4.89
Price to free cash flow 16.08 376.61 60.92
EV/EBITDA 4.02 14.34 39.95
EV/Sales 1.27 0.69 6.36
Earnings yield 9.38% 0.64% 1.14%
Free cash flow yield 6.22% 0.27% 1.28%

Profitability

Metric PLAB TRT Semiconductor Equipment & Materials median
Gross margin 33.65% 17.60% 43.95%
Operating margin 22.46% 0.91% 10.32%
Net margin 19.04% 0.60% 7.45%
Free cash flow margin 12.74% 0.25% 6.77%
Return on equity 10.06% 1.07% 4.78%
Return on assets 8.82% 0.82% 3.62%
Return on invested capital 11.32% 1.89% 6.10%

Growth

Metric PLAB TRT Semiconductor Equipment & Materials median
Revenue growth (TTM) 1.25% 64.13% 14.60%
EPS growth (last fiscal year) 9.09% (104.17%) —
Revenue growth, 5-year CAGR 6.85% 1.14% 8.85%
Net income growth, 5-year CAGR 32.17% 0.00% 0.00%

Health

Metric PLAB TRT Semiconductor Equipment & Materials median
Debt to equity 0.00 0.02 0.09
Current ratio 4.94 3.38 3.66
Net debt to EBITDA (2.06) (5.35) (0.49)

Dividend

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

Size

Metric PLAB TRT Semiconductor Equipment & Materials median
Market cap 1.78b 74.98m 4.63b

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