Proto Labs Inc Stock Research

Market Summary

USD31.73+0.54

Market Closed

1.73%

PRLB Stock Price

PRLB RSI Chart

PRLB Valuation

Market Cap

853.2M

Price/Earnings (Trailing)

-8.25

Price/Sales (Trailing)

1.75

EV/EBITDA

-13.65

Price/Free Cashflow

21.12

PRLB Price/Sales (Trailing)

PRLB Profitability

EBT Margin

-20.04%

Return on Equity

-14.83%

Return on Assets

-12.9%

Free Cashflow Yield

4.73%

PRLB Fundamentals

PRLB Revenue

Revenue (TTM)

488.4M

Revenue Y/Y

-6.45%

Revenue Q/Q

-5.02%

PRLB Earnings

Earnings (TTM)

-103.5M

Earnings Y/Y

-1.1K%

Earnings Q/Q

-3.0K%

Price Action

52 Week Range

22.0453.00

(Low)(High)

Last 7 days

-1.9%

Last 30 days

12.9%

Last 90 days

1.7%

Trailing 12 Months

-32.8%

PRLB Financial Health

Current Ratio

2.61

PRLB Investor Care

Buy Backs (1Y)

2.10%

Diluted EPS (TTM)

-3.77

Peers (Alternatives to Proto Labs)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
CAT	118.3B	61.7B	-2.03%	0.80%	17.64	1.99	17.14%	3.25%
ITW	68.4B	15.9B	-2.72%	11.67%	22.54	4.29	10.22%	12.62%
PH	41.8B	18.2B	6.81%	25.35%	33.16	2.43	16.15%	-30.65%
PCAR	38.3B	30.8B	-2.39%	-14.59%	12.71	1.33	27.62%	57.63%
SWK	11.6B	16.4B	1.86%	-33.52%	8.3	0.68	2.64%	-114.40%
MID-CAP
MIDD	7.6B	4.0B	0.04%	-6.64%	17.34	1.88	16.01%	-7.23%
OSK	5.0B	8.6B	-3.17%	-19.81%	18.88	0.58	7.43%	-26.63%
GTLS	4.8B	1.8B	-13.27%	-37.37%	-5.9K	2.64	29.85%	-101.81%
FLS	4.4B	3.8B	5.76%	11.61%	23.32	1.22	7.69%	140.86%
MTOR	2.6B	-	0.61%	53.23%	10.31	0.6	-	-
ALG	2.1B	1.6B	-1.57%	48.24%	17.67	1.32	12.88%	43.76%
SMALL-CAP
LNN	1.3B	746.9M	-0.10%	-4.51%	16.61	1.76	9.53%	72.07%
OFLX	1.0B	124.2M	-5.36%	-3.99%	43	8.28	-4.80%	-5.78%
PRLB	853.2M	488.4M	12.88%	-32.83%	-8.25	1.75	0.06%	-410.03%
PKOH	154.9M	1.5B	26.42%	5.13%	-19.36	0.09	12.14%	40.08%

Financials for Proto Labs

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	-1.6%	488	496	500	496	488
Gross Profit	-3.1%	215	222	224	223	223
Operating Expenses	64.9%	313	190	191	179	182
S&GA Expenses	0.3%	83.00	82.00	83.00	83.00	82.00
R&D Expenses	-3.7%	38.00	40.00	41.00	43.00	44.00
EBITDA	-179.5%	-58.35	73.00	85.00	81.00	-
EBITDA Margin	-181.4%	-0.12*	0.15*	0.17*	0.17*	-
Earnings Before Taxes	-408.2%	-97.88	32.00	33.00	44.00	40.00
EBT Margin	-413.2%	-0.20*	0.06*	0.07*	0.09*	-
Interest Expenses	260.7%	0.00	0.00	-	-	-
Net Income	-540.0%	-103	24.00	24.00	35.00	33.00
Net Income Margin	-547.2%	-0.21*	0.05*	0.05*	0.07*	-
Free Cahsflow	-22.2%	40.00	52.00	49.00	36.00	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	-11.6%	802	907	919	935	929
Current Assets	-3.0%	187	192	191	188	183
Cash Equivalents	-4.7%	57.00	59.00	55.00	57.00	66.00
Inventory	-7.1%	14.00	15.00	15.00	14.00	13.00
Net PPE	-0.8%	258	260	261	271	280
Goodwill	-28.6%	274	384	390	398	401
Liabilities	8.8%	105	96.00	98.00	103	100
Current Liabilities	17.9%	72.00	61.00	59.00	60.00	55.00
Shareholder's Equity	-14.0%	698	811	821	832	828
Retained Earnings	-32.2%	258	381	381	382	377
Additional Paid-In Capital	-0.7%	474	477	476	472	469
Accumulated Depreciation	-	182	-	-	-	-
Shares Outstanding	-1.6%	27.00	27.00	28.00	27.00	27.00

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	-16.8%	62.00	75.00	66.00	67.00	55.00
Share Based Compensation	3.9%	18.00	17.00	17.00	18.00	19.00
Cashflow From Investing	-8.5%	-43.09	-39.70	-26.10	-30.37	-94.66
Cashflow From Financing	-31.9%	-27.92	-21.17	-25.16	-22.37	-22.20
Buy Backs	-4.6%	30.00	31.00	36.00	23.00	-

Risks for PRLB

What is the probability of a big loss on PRLB?

93.8%

Probability that Proto Labs stock will be more than 20% underwater in next one year

80.4%

Probability that Proto Labs stock will be more than 30% underwater in next one year.

63.5%

Probability that Proto Labs stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does PRLB drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Proto Labs was unfortunately bought at previous high price.

Drawdowns

Returns for PRLB

Cumulative Returns on PRLB

-5.2%

10-Year Cumulative Returns

-9.3%

7-Year Cumulative Returns

-23.3%

5-Year Cumulative Returns

-38.1%

3-Year Cumulative Returns

What are the long-term rolling returns for PRLB?

FIve years rolling returns for Proto Labs.

Annualized Returns

Which funds bought or sold PRLB recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-05-23	Toroso Investments, LLC	added	111	1,167,000	1,834,000	0.03%
2023-05-22	AMERIPRISE FINANCIAL INC	added	14.84	4,276,560	12,984,600	-%
2023-05-18	JPMORGAN CHASE & CO	added	17.47	760,000	2,206,000	-%
2023-05-18	NEW YORK STATE COMMON RETIREMENT FUND	reduced	-2.16	1,059,000	4,974,000	0.01%
2023-05-17	Advisory Services Network, LLC	unchanged	-	107	464	-%
2023-05-17	Thrivent Financial for Lutherans	reduced	-3.39	181,000	891,000	-%
2023-05-16	JANE STREET GROUP, LLC	reduced	-92.63	-2,524,000	267,222	-%
2023-05-16	Rockefeller Capital Management L.P.	sold off	-100	-3,000	-	-%
2023-05-16	SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC	unchanged	-	134,646	585,761	0.01%
2023-05-16	SUSQUEHANNA INTERNATIONAL GROUP, LLP	new	-	1,112,410	1,112,410	-%

Latest Funds Activity

Are funds buying PRLB calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own PRLB

No. of Funds

Proto Labs News

Schedule 13G FIlings of Proto Labs

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	brown capital management llc	2.69%	730,716	SC 13G/A
Feb 14, 2023	disciplined growth investors inc /mn	7.82%	2,121,891	SC 13G/A
Feb 09, 2023	vanguard group inc	11.23%	3,044,564	SC 13G/A
Jan 23, 2023	blackrock inc.	17.9%	4,854,359	SC 13G/A
Mar 09, 2022	vanguard group inc	10.83%	2,973,780	SC 13G/A
Feb 15, 2022	disciplined growth investors inc /mn	6.50%	1,791,993	SC 13G
Feb 14, 2022	nikko asset management americas, inc.	3.30%	911,615	SC 13G/A
Feb 14, 2022	brown capital management llc	6.31%	1,739,629	SC 13G/A
Feb 14, 2022	harding loevner lp	0%	0	SC 13G/A
Feb 04, 2022	sumitomo mitsui trust holdings, inc.	3.30%	911,615	SC 13G/A

PRLB Fair Value

Proto Labs fair value in different scenarios

The table shows the Fair Value estimates for Proto Labs for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	19.47 -38.64%	24.57 -22.57%	29.74 -6.27%	45.79 44.31%	58.87 85.53%
Current Inflation	18.61 -41.35%	23.08 -27.26%	27.48 -13.39%	41.20 29.85%	52.36 65.02%
Very High Inflation	17.52 -44.78%	21.25 -33.03%	24.75 -22.00%	35.79 12.80%	44.77 41.10%

Historical Proto Labs Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Proto Labs

View All Filings

Date Filed	Form Type	Document
May 23, 2023	4	Insider Trading
May 19, 2023	4	Insider Trading
May 19, 2023	4	Insider Trading
May 19, 2023	4	Insider Trading
May 19, 2023	4	Insider Trading
May 19, 2023	4	Insider Trading
May 19, 2023	4	Insider Trading
May 19, 2023	4	Insider Trading
May 18, 2023	8-K	Current Report
May 05, 2023	10-Q	Quarterly Report

Latest Insider Trading transactions for PRLB

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-05-20	Schumacher Daniel	sold (taxes)	-13,526	32.36	-418	chief financial officer
2023-05-17	Chand Sujeet	acquired	-	-	4,513	-
2023-05-17	Chin Moonhie	acquired	-	-	4,513	-
2023-05-17	WEHRWEIN SVEN	acquired	-	-	4,513	-
2023-05-17	Greiner Stacy	acquired	-	-	4,513	-
2023-05-17	Black Archie C.	acquired	-	-	4,513	-
2023-05-17	Gawlick Rainer	acquired	-	-	4,513	-
2023-05-17	KRANTZ DONALD G	acquired	-	-	4,513	-
2023-02-14	Kenison Michael R.	acquired	-	-	8,127	vp and gm of the america's
2023-02-14	Schumacher Daniel	acquired	-	-	5,172	chief financial officer

About Proto Labs

Robert Bodor

www.protolabs.com

2660

Proto Labs, Inc., together with its subsidiaries, operates as an e-commerce driven digital manufacturer of custom prototypes and on-demand production parts in the worldwide. The company offers injection molding; computer numerical control machining; three-dimensional (3D) printing, which include stereolithography, selective laser sintering, direct metal laser sintering, multi jet fusion, polyjet, and carbon DLS processes; and sheet metal fabrication products, including quick-turn and e-commerce-enabled custom sheet metal parts. It serves developers and engineers, who use 3D computer-aided design software to design products across a range of end markets. The company was incorporated in 1999 and is headquartered in Maple Plain, Minnesota.

PRLB Income Statement

2023-03-31

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Statements of Operations:
Revenue	$ 125,859	$ 124,168
Cost of revenue	72,083	68,364
Gross profit	53,776	55,804
Operating expenses
Marketing and sales	22,451	20,586
Research and development	10,677	10,557
General and administrative	16,833	16,771
Closure of Japan business	66	0
Total operating expenses	50,027	47,914
Income from operations	3,749	7,890
Other income (loss), net	1,290	(300)
Income before income taxes	5,039	7,590
Provision for income taxes	2,380	2,495
Net income	$ 2,659	$ 5,095
Net income per share:
Basic (in dollars per share)	$ 0.10	$ 0.19
Diluted (in dollars per share)	$ 0.10	$ 0.19
Shares used to compute net income per share:
Basic (in shares)	26,580,279	27,502,941
Diluted (in shares)	26,605,787	27,510,477
Comprehensive Income (Loss) (net of tax)
Comprehensive income (loss)	$ 3,520	$ (393)

PRLB Balance Sheet

2023-03-31

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 62,051	$ 56,558
Short-term marketable securities	22,851	23,568
Accounts receivable, net of allowance for doubtful accounts of $1,932 and $1,706 as of March 31, 2023, and December 31, 2022, respectively	77,619	76,225
Inventory	14,273	13,578
Income taxes receivable	821	4,042
Prepaid expenses and other current assets	11,101	12,597
Total current assets	188,716	186,568
Property and equipment, net	253,616	257,785
Goodwill	273,991	273,991
Other intangible assets, net	29,869	31,250
Long-term marketable securities	19,824	26,419
Operating lease assets	3,315	3,844
Finance lease assets	17,266	17,532
Other long-term assets	4,776	4,779
Total assets	791,373	802,168
Current liabilities
Accounts payable	19,854	17,356
Accrued compensation	14,695	12,743
Accrued liabilities and other	23,156	22,384
Current operating lease liabilities	1,295	1,561
Current finance lease liabilities	17,452	17,537
Income taxes payable	1,928	0
Total current liabilities	78,380	71,581
Long-term operating lease liabilities	1,983	2,255
Long-term deferred tax liabilities	23,258	26,322
Other long-term liabilities	4,615	4,362
Total liabilities	108,236	104,520
Shareholders' equity
Preferred stock, $0.001 par value, authorized 10,000,000 shares; issued and outstanding 0 shares as of each of March 31, 2023, and December 31, 2022	0	0
Common stock, $0.001 par value, authorized 150,000,000 shares; issued and outstanding 26,202,723 and 26,888,425 shares as of March 31, 2023, and December 31, 2022, respectively	26	27
Additional paid-in capital	465,185	473,740
Retained earnings	251,420	258,236
Accumulated other comprehensive loss	(33,494)	(34,355)
Total shareholders' equity	683,137	697,648
Total liabilities and shareholders' equity	$ 791,373	$ 802,168