Taking everything into account, PLXS scores 5 out of 10 in our fundamental rating. PLXS was compared to 123 industry peers in the Electronic Equipment, Instruments & Components industry. PLXS scores excellent on profitability, but there are some minor concerns on its financial health. PLXS has a decent growth rate and is not valued too expensively.

Quickly go to:

1. Profitability

2. Health

3. Growth

4. Valuation

5. Dividend

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.
PLXS had a positive operating cash flow in 4 of the past 5 years.

1.2 Ratios

Looking at the Return On Assets, with a value of 5.51%, PLXS is in the better half of the industry, outperforming 73.17% of the companies in the same industry.
The Return On Equity of PLXS (11.89%) is better than 78.05% of its industry peers.
PLXS has a better Return On Invested Capital (11.40%) than 88.62% of its industry peers.
The Average Return On Invested Capital over the past 3 years for PLXS is above the industry average of 8.85%.

		Industry Rank	Sector Rank
ROA	5.51%
ROE	11.89%
ROIC	11.4%

ROA(3y)4.41%

ROA(5y)4.59%

ROE(3y)10.59%

ROE(5y)11.58%

ROIC(3y)11.81%

ROIC(5y)11.8%

1.3 Margins

The Profit Margin of PLXS (4.29%) is better than 67.48% of its industry peers.
In the last couple of years the Profit Margin of PLXS has grown nicely.
With a decent Operating Margin value of 5.13%, PLXS is doing good in the industry, outperforming 65.04% of the companies in the same industry.
In the last couple of years the Operating Margin of PLXS has grown nicely.
PLXS has a worse Gross Margin (10.08%) than 80.49% of its industry peers.
PLXS's Gross Margin has improved in the last couple of years.

		Industry Rank	Sector Rank
OM	5.13%
PM (TTM)	4.29%
GM	10.08%

OM growth 3Y2.78%

OM growth 5Y1.78%

PM growth 3Y5.74%

PM growth 5Y4.34%

GM growth 3Y3.43%

GM growth 5Y1.79%

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), PLXS is destroying value.
The number of shares outstanding for PLXS has been reduced compared to 1 year ago.
PLXS has less shares outstanding than it did 5 years ago.
PLXS has a better debt/assets ratio than last year.

2.2 Solvency

An Altman-Z score of 4.63 indicates that PLXS is not in any danger for bankruptcy at the moment.
With a decent Altman-Z score value of 4.63, PLXS is doing good in the industry, outperforming 68.29% of the companies in the same industry.
The Debt to FCF ratio of PLXS is 0.89, which is an excellent value as it means it would take PLXS, only 0.89 years of fcf income to pay off all of its debts.
PLXS's Debt to FCF ratio of 0.89 is amongst the best of the industry. PLXS outperforms 83.74% of its industry peers.
PLXS has a Debt/Equity ratio of 0.06. This is a healthy value indicating a solid balance between debt and equity.
PLXS has a Debt to Equity ratio (0.06) which is in line with its industry peers.

		Industry Rank	Sector Rank
Debt/Equity	0.06
Debt/FCF	0.89
Altman-Z	4.63

ROIC/WACC0.73

WACC15.52%

2.3 Liquidity

PLXS has a Current Ratio of 1.58. This is a normal value and indicates that PLXS is financially healthy and should not expect problems in meeting its short term obligations.
With a Current ratio value of 1.58, PLXS is not doing good in the industry: 73.98% of the companies in the same industry are doing better.
A Quick Ratio of 0.77 indicates that PLXS may have some problems paying its short term obligations.
The Quick ratio of PLXS (0.77) is worse than 87.80% of its industry peers.

		Industry Rank	Sector Rank
Current Ratio	1.58
Quick Ratio	0.77

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WACC

Debt/Equity

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3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 33.33% over the past year.
PLXS shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 12.79% yearly.
Looking at the last year, PLXS shows a small growth in Revenue. The Revenue has grown by 4.36% in the last year.
The Revenue has been growing slightly by 3.53% on average over the past years.

EPS 1Y (TTM)33.33%

EPS 3Y14.57%

EPS 5Y12.79%

EPS Q2Q%2.89%

Revenue 1Y (TTM)4.36%

Revenue growth 3Y1.9%

Revenue growth 5Y3.53%

Sales Q2Q%9.6%

3.2 Future

Based on estimates for the next years, PLXS will show a small growth in Earnings Per Share. The EPS will grow by 6.99% on average per year.
Based on estimates for the next years, PLXS will show a small growth in Revenue. The Revenue will grow by 7.80% on average per year.

EPS Next Y2.4%

EPS Next 2Y6.75%

EPS Next 3Y6.99%

EPS Next 5YN/A

Revenue Next Year9.14%

Revenue Next 2Y8.07%

Revenue Next 3Y7.8%

Revenue Next 5YN/A

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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.

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4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 27.40 indicates a quite expensive valuation of PLXS.
67.48% of the companies in the same industry are more expensive than PLXS, based on the Price/Earnings ratio.
PLXS's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 28.41.
With a Price/Forward Earnings ratio of 24.21, PLXS is valued on the expensive side.
Compared to the rest of the industry, the Price/Forward Earnings ratio of PLXS indicates a somewhat cheap valuation: PLXS is cheaper than 68.29% of the companies listed in the same industry.
PLXS is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 25.64, which is the current average of the S&P500 Index.

		Industry Rank	Sector Rank
PE	27.4
Fwd PE	24.21

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, PLXS is valued a bit cheaper than 67.48% of the companies in the same industry.
PLXS's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. PLXS is cheaper than 66.67% of the companies in the same industry.

		Industry Rank	Sector Rank
P/FCF	35.64
EV/EBITDA	18.14

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The decent profitability rating of PLXS may justify a higher PE ratio.