PLEXUS CORP (PLXS) Stock Fundamental Analysis
NASDAQ:PLXS - Nasdaq - US7291321005 - Common Stock - Currency: USD
PLXS gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 124 industry peers in the Electronic Equipment, Instruments & Components industry. Both the profitability and the financial health of PLXS get a neutral evaluation. Nothing too spectacular is happening here. PLXS has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
PLXS had positive earnings in the past year.
In the past year PLXS had a positive cash flow from operations.
PLXS had positive earnings in each of the past 5 years.
Of the past 5 years PLXS 4 years had a positive operating cash flow.
1.2 Ratios
PLXS has a Return On Assets of 3.90%. This is in the better half of the industry: PLXS outperforms 69.35% of its industry peers.
PLXS has a Return On Equity of 9.09%. This is in the better half of the industry: PLXS outperforms 73.39% of its industry peers.
Looking at the Return On Invested Capital, with a value of 11.15%, PLXS belongs to the top of the industry, outperforming 85.48% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for PLXS is above the industry average of 9.14%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.9% | ||
| ROE | 9.09% | ||
| ROIC | 11.15% |
ROA(3y)3.94%
ROA(5y)4.52%
ROE(3y)10.84%
ROE(5y)11.61%
ROIC(3y)11.5%
ROIC(5y)11.37%
1.3 Margins
PLXS's Profit Margin of 3.03% is fine compared to the rest of the industry. PLXS outperforms 62.90% of its industry peers.
In the last couple of years the Profit Margin of PLXS has declined.
PLXS has a Operating Margin of 4.92%. This is in the better half of the industry: PLXS outperforms 66.94% of its industry peers.
In the last couple of years the Operating Margin of PLXS has remained more or less at the same level.
PLXS has a Gross Margin of 9.89%. This is in the lower half of the industry: PLXS underperforms 79.03% of its industry peers.
In the last couple of years the Gross Margin of PLXS has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 4.92% | ||
| PM (TTM) | 3.03% | ||
| GM | 9.89% |
OM growth 3Y-3.8%
OM growth 5Y0.87%
PM growth 3Y-11.86%
PM growth 5Y-3.83%
GM growth 3Y-0.14%
GM growth 5Y0.72%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), PLXS is creating some value.
PLXS has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, PLXS has less shares outstanding
PLXS has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 3.84 indicates that PLXS is not in any danger for bankruptcy at the moment.
PLXS has a Altman-Z score of 3.84. This is in the better half of the industry: PLXS outperforms 70.97% of its industry peers.
The Debt to FCF ratio of PLXS is 0.53, which is an excellent value as it means it would take PLXS, only 0.53 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of PLXS (0.53) is better than 83.87% of its industry peers.
PLXS has a Debt/Equity ratio of 0.07. This is a healthy value indicating a solid balance between debt and equity.
PLXS has a Debt to Equity ratio of 0.07. This is comparable to the rest of the industry: PLXS outperforms 58.06% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.07 | ||
| Debt/FCF | 0.53 | ||
| Altman-Z | 3.84 |
ROIC/WACC1.23
WACC9.07%
2.3 Liquidity
PLXS has a Current Ratio of 1.53. This is a normal value and indicates that PLXS is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of PLXS (1.53) is worse than 72.58% of its industry peers.
PLXS has a Quick Ratio of 1.53. This is a bad value and indicates that PLXS is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.70, PLXS is doing worse than 87.10% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.53 | ||
| Quick Ratio | 0.7 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 52.74% over the past year.
Measured over the past 5 years, PLXS shows a small growth in Earnings Per Share. The EPS has been growing by 7.42% on average per year.
Looking at the last year, PLXS shows a decrease in Revenue. The Revenue has decreased by -5.93% in the last year.
The Revenue has been growing slightly by 4.59% on average over the past years.
EPS 1Y (TTM)52.74%
EPS 3Y0.34%
EPS 5Y7.42%
EPS Q2Q%186.21%
Revenue 1Y (TTM)-5.93%
Revenue growth 3Y5.54%
Revenue growth 5Y4.59%
Sales Q2Q%1.37%
3.2 Future
The Earnings Per Share is expected to grow by 19.49% on average over the next years. This is quite good.
PLXS is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.01% yearly.
EPS Next Y42.29%
EPS Next 2Y25.82%
EPS Next 3Y19.49%
EPS Next 5YN/A
Revenue Next Year4.23%
Revenue Next 2Y6.79%
Revenue Next 3Y7.01%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
PLXS is valuated rather expensively with a Price/Earnings ratio of 18.52.
Compared to the rest of the industry, the Price/Earnings ratio of PLXS indicates a somewhat cheap valuation: PLXS is cheaper than 71.77% of the companies listed in the same industry.
PLXS's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.64.
Based on the Price/Forward Earnings ratio of 15.91, the valuation of PLXS can be described as correct.
Based on the Price/Forward Earnings ratio, PLXS is valued a bit cheaper than the industry average as 72.58% of the companies are valued more expensively.
PLXS's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 21.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.52 | ||
| Fwd PE | 15.91 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of PLXS indicates a somewhat cheap valuation: PLXS is cheaper than 70.97% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of PLXS indicates a rather cheap valuation: PLXS is cheaper than 91.13% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.38 | ||
| EV/EBITDA | 12.23 |
4.3 Compensation for Growth
PLXS's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PLXS has a very decent profitability rating, which may justify a higher PE ratio.
PLXS's earnings are expected to grow with 19.49% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.44
PEG (5Y)2.5
EPS Next 2Y25.82%
EPS Next 3Y19.49%
5. Dividend
5.1 Amount
No dividends for PLXS!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
NASDAQ:PLXS (4/24/2025, 10:04:23 AM)
123.93
-3.24 (-2.55%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners101.25%
Inst Owner Change0.69%
Ins Owners1.57%
Ins Owner Change-1.71%
Market Cap3.35B
Analysts75.38
Price Target163 (31.53%)
Short Float %2.41%
Short Ratio3.61
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)11.71%
Min EPS beat(2)6.46%
Max EPS beat(2)16.96%
EPS beat(4)3
Avg EPS beat(4)-0.56%
Min EPS beat(4)-34.58%
Max EPS beat(4)16.96%
EPS beat(8)6
Avg EPS beat(8)6.84%
EPS beat(12)8
Avg EPS beat(12)8.51%
EPS beat(16)10
Avg EPS beat(16)8.02%
Revenue beat(2)1
Avg Revenue beat(2)-0.19%
Min Revenue beat(2)-2.58%
Max Revenue beat(2)2.2%
Revenue beat(4)1
Avg Revenue beat(4)-1.18%
Min Revenue beat(4)-4.02%
Max Revenue beat(4)2.2%
Revenue beat(8)2
Avg Revenue beat(8)-1.31%
Revenue beat(12)5
Avg Revenue beat(12)0.4%
Revenue beat(16)5
Avg Revenue beat(16)-0.55%
PT rev (1m)0%
PT rev (3m)2.44%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-3.35%
EPS NY rev (1m)0%
EPS NY rev (3m)0.14%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-3.47%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.44%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.52 | ||
| Fwd PE | 15.91 | ||
| P/S | 0.85 | ||
| P/FCF | 8.38 | ||
| P/OCF | 6.79 | ||
| P/B | 2.54 | ||
| P/tB | 2.54 | ||
| EV/EBITDA | 12.23 |
EPS(TTM)6.69
EY5.4%
EPS(NY)7.79
Fwd EY6.29%
FCF(TTM)14.8
FCFY11.94%
OCF(TTM)18.24
OCFY14.72%
SpS146.24
BVpS48.78
TBVpS48.78
PEG (NY)0.44
PEG (5Y)2.5
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.9% | ||
| ROE | 9.09% | ||
| ROCE | 12.91% | ||
| ROIC | 11.15% | ||
| ROICexc | 14.12% | ||
| ROICexgc | 14.12% | ||
| OM | 4.92% | ||
| PM (TTM) | 3.03% | ||
| GM | 9.89% | ||
| FCFM | 10.12% |
ROA(3y)3.94%
ROA(5y)4.52%
ROE(3y)10.84%
ROE(5y)11.61%
ROIC(3y)11.5%
ROIC(5y)11.37%
ROICexc(3y)14.34%
ROICexc(5y)14.58%
ROICexgc(3y)14.34%
ROICexgc(5y)14.6%
ROCE(3y)13.32%
ROCE(5y)13.16%
ROICexcg growth 3Y-1.53%
ROICexcg growth 5Y0.3%
ROICexc growth 3Y-1.53%
ROICexc growth 5Y0.45%
OM growth 3Y-3.8%
OM growth 5Y0.87%
PM growth 3Y-11.86%
PM growth 5Y-3.83%
GM growth 3Y-0.14%
GM growth 5Y0.72%
F-Score9
Asset Turnover1.29
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.07 | ||
| Debt/FCF | 0.53 | ||
| Debt/EBITDA | 0.33 | ||
| Cap/Depr | 119.13% | ||
| Cap/Sales | 2.35% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 180.99% | ||
| Profit Quality | 333.8% | ||
| Current Ratio | 1.53 | ||
| Quick Ratio | 0.7 | ||
| Altman-Z | 3.84 |
F-Score9
WACC9.07%
ROIC/WACC1.23
Cap/Depr(3y)144.44%
Cap/Depr(5y)123.06%
Cap/Sales(3y)2.51%
Cap/Sales(5y)2.14%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)52.74%
EPS 3Y0.34%
EPS 5Y7.42%
EPS Q2Q%186.21%
EPS Next Y42.29%
EPS Next 2Y25.82%
EPS Next 3Y19.49%
EPS Next 5YN/A
Revenue 1Y (TTM)-5.93%
Revenue growth 3Y5.54%
Revenue growth 5Y4.59%
Sales Q2Q%1.37%
Revenue Next Year4.23%
Revenue Next 2Y6.79%
Revenue Next 3Y7.01%
Revenue Next 5YN/A
EBIT growth 1Y-5.94%
EBIT growth 3Y1.53%
EBIT growth 5Y5.51%
EBIT Next Year66%
EBIT Next 3Y24.16%
EBIT Next 5YN/A
FCF growth 1Y616.28%
FCF growth 3Y58.63%
FCF growth 5Y69.08%
OCF growth 1Y3422.63%
OCF growth 3Y45.2%
OCF growth 5Y30.51%