PLABPHOTRONICS INC
Semiconductors & Related Devices
- Revenue
- $849M
- 2.0% YoY
- Operating margin
- 24.5%
- 4.1% YoY
- EBITDA
- $285M
- 6.1% YoY
- Market cap
- $1.6B
- Employees
- —
- Net debt / EBITDA
- -1.8×
- −$523M net debt
- AI in 10-K
- 1.2
- mentions per 10K words
Takeover score 3 of 13
Fixable underperformance 0 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo182% of net incomeCash flow under 80% of net income
- Dilutive SBCNo2% of revenueOver 10% of revenue
- Payouts exceed cash flowNo39% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo—Over 40% of assets
- Shareholder dissentNo87% lowest supportAny vote under 80% support
Buyer economics 2 of 4
- Low revenue per employeeNo—Bottom quartile of its SIC industry
- Quiet on AINo1.2 per 10K words · 37th pctBottom quartile of AI mentions in 10-Ks
- Net cashYesNet cash · 1.8× EBITDAMore cash than debt, positive EBITDA
- Buyout-sizedYes$1.6B market capMarket cap $500M–$5B
Catalysts 1 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingYes−$24M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $664M | $825M | $892M | $867M | $849M | 2.0% |
| Operating income | $95M | $212M | $253M | $222M | $208M | 6.0% |
| Net income | $55M | $119M | $125M | $131M | $136M | 4.4% |
| Operating cash flow | $151M | $275M | $302M | $261M | $248M | 5.2% |
| Capex | $109M | $112M | $131M | $131M | $188M | 44% |
| Stock-based comp | $5M | $6M | $8M | $14M | $13M | 3.6% |
| Buybacks | $48M | $3M | $0 | $0 | $97M |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $24M · 50
- Net
- −$24M
Pay vs performance
No pay-versus-performance disclosure yet.