PLEXUS CORP (PLXS) Stock Fundamental Analysis
USA - NASDAQ:PLXS - US7291321005 - Common Stock
148.52 USD
-1.8 (-1.2%)
148.52 USD
0 (0%)
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. 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.
Each year in the past 5 years PLXS has been profitable.
Of the past 5 years PLXS 4 years had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 5.24%, PLXS is in the better half of the industry, outperforming 74.19% of the companies in the same industry.
Looking at the Return On Equity, with a value of 11.46%, PLXS is in the better half of the industry, outperforming 77.42% of the companies in the same industry.
PLXS has a better Return On Invested Capital (11.29%) than 87.10% of its industry peers.
PLXS had an Average Return On Invested Capital over the past 3 years of 11.50%. This is above the industry average of 9.32%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.24% | ||
| ROE | 11.46% | ||
| ROIC | 11.29% |
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
Looking at the Profit Margin, with a value of 4.04%, PLXS is in the better half of the industry, outperforming 64.52% of the companies in the same industry.
In the last couple of years the Profit Margin of PLXS has declined.
With a decent Operating Margin value of 5.16%, PLXS is doing good in the industry, outperforming 65.32% of the companies in the same industry.
In the last couple of years the Operating Margin of PLXS has remained more or less at the same level.
PLXS has a worse Gross Margin (10.18%) than 80.65% 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 | 5.16% | ||
| PM (TTM) | 4.04% | ||
| GM | 10.18% |
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.
The number of shares outstanding for PLXS has been reduced compared to 5 years ago.
The debt/assets ratio for PLXS has been reduced compared to a year ago.
2.2 Solvency
PLXS has an Altman-Z score of 4.18. This indicates that PLXS is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of PLXS (4.18) is better than 62.90% of its industry peers.
PLXS has a debt to FCF ratio of 0.57. This is a very positive value and a sign of high solvency as it would only need 0.57 years to pay back of all of its debts.
With an excellent Debt to FCF ratio value of 0.57, PLXS belongs to the best of the industry, outperforming 83.06% of the companies in the same industry.
A Debt/Equity ratio of 0.06 indicates that PLXS is not too dependend on debt financing.
PLXS has a Debt to Equity ratio (0.06) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.06 | ||
| Debt/FCF | 0.57 | ||
| Altman-Z | 4.18 |
ROIC/WACC1.22
WACC9.29%
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.
PLXS has a Current ratio of 1.58. This is in the lower half of the industry: PLXS underperforms 70.97% of its industry peers.
PLXS has a Quick Ratio of 1.58. This is a bad value and indicates that PLXS is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of PLXS (0.74) is worse than 90.32% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.58 | ||
| Quick Ratio | 0.74 |
3. Growth
3.1 Past
PLXS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 58.31%, which is quite impressive.
The Earnings Per Share has been growing slightly by 7.42% on average over the past years.
PLXS shows a small growth in Revenue. In the last year, the Revenue has grown by 2.31%.
PLXS shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.59% yearly.
EPS 1Y (TTM)58.31%
EPS 3Y0.34%
EPS 5Y7.42%
EPS Q2Q%31.03%
Revenue 1Y (TTM)2.31%
Revenue growth 3Y5.54%
Revenue growth 5Y4.59%
Sales Q2Q%5.99%
3.2 Future
PLXS is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 18.47% yearly.
The Revenue is expected to grow by 5.38% on average over the next years.
EPS Next Y48.37%
EPS Next 2Y25.27%
EPS Next 3Y18.47%
EPS Next 5YN/A
Revenue Next Year2.6%
Revenue Next 2Y5.4%
Revenue Next 3Y5.38%
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 accelerating.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 20.80 indicates a rather expensive valuation of PLXS.
Based on the Price/Earnings ratio, PLXS is valued cheaper than 81.45% of the companies in the same industry.
When comparing the Price/Earnings ratio of PLXS to the average of the S&P500 Index (27.40), we can say PLXS is valued slightly cheaper.
With a Price/Forward Earnings ratio of 19.24, PLXS is valued on the expensive side.
PLXS's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. PLXS is cheaper than 75.00% of the companies in the same industry.
PLXS's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 22.94.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.8 | ||
| Fwd PE | 19.24 |
4.2 Price Multiples
76.61% of the companies in the same industry are more expensive than PLXS, based on the Enterprise Value to EBITDA ratio.
91.13% of the companies in the same industry are more expensive than PLXS, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16 | ||
| EV/EBITDA | 13.86 |
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.
The decent profitability rating of PLXS may justify a higher PE ratio.
A more expensive valuation may be justified as PLXS's earnings are expected to grow with 18.47% in the coming years.
PEG (NY)0.43
PEG (5Y)2.8
EPS Next 2Y25.27%
EPS Next 3Y18.47%
5. Dividend
5.1 Amount
PLXS does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
148.52
-1.8 (-1.2%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners99.91%
Inst Owner Change-0.32%
Ins Owners1.41%
Ins Owner Change-4.38%
Market Cap4.01B
Analysts78.46
Price Target158.71 (6.86%)
Short Float %2.54%
Short Ratio3.55
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)7.27%
Min EPS beat(2)6.02%
Max EPS beat(2)8.51%
EPS beat(4)4
Avg EPS beat(4)9.49%
Min EPS beat(4)6.02%
Max EPS beat(4)16.96%
EPS beat(8)6
Avg EPS beat(8)2.28%
EPS beat(12)9
Avg EPS beat(12)8.72%
EPS beat(16)10
Avg EPS beat(16)5.98%
Revenue beat(2)0
Avg Revenue beat(2)-2.18%
Min Revenue beat(2)-2.27%
Max Revenue beat(2)-2.08%
Revenue beat(4)1
Avg Revenue beat(4)-1.19%
Min Revenue beat(4)-2.58%
Max Revenue beat(4)2.2%
Revenue beat(8)1
Avg Revenue beat(8)-1.63%
Revenue beat(12)3
Avg Revenue beat(12)-0.75%
Revenue beat(16)5
Avg Revenue beat(16)-0.69%
PT rev (1m)0.65%
PT rev (3m)1.43%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.36%
EPS NY rev (1m)0.28%
EPS NY rev (3m)2.53%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-3.61%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.04%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.8 | ||
| Fwd PE | 19.24 | ||
| P/S | 1 | ||
| P/FCF | 16 | ||
| P/OCF | 11.88 | ||
| P/B | 2.82 | ||
| P/tB | 2.82 | ||
| EV/EBITDA | 13.86 |
EPS(TTM)7.14
EY4.81%
EPS(NY)7.72
Fwd EY5.2%
FCF(TTM)9.28
FCFY6.25%
OCF(TTM)12.5
OCFY8.42%
SpS149.14
BVpS52.58
TBVpS52.58
PEG (NY)0.43
PEG (5Y)2.8
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.24% | ||
| ROE | 11.46% | ||
| ROCE | 13.08% | ||
| ROIC | 11.29% | ||
| ROICexc | 13.28% | ||
| ROICexgc | 13.28% | ||
| OM | 5.16% | ||
| PM (TTM) | 4.04% | ||
| GM | 10.18% | ||
| FCFM | 6.23% |
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-Score8
Asset Turnover1.3
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.06 | ||
| Debt/FCF | 0.57 | ||
| Debt/EBITDA | 0.32 | ||
| Cap/Depr | 111.06% | ||
| Cap/Sales | 2.16% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 117.99% | ||
| Profit Quality | 154.04% | ||
| Current Ratio | 1.58 | ||
| Quick Ratio | 0.74 | ||
| Altman-Z | 4.18 |
F-Score8
WACC9.29%
ROIC/WACC1.22
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)58.31%
EPS 3Y0.34%
EPS 5Y7.42%
EPS Q2Q%31.03%
EPS Next Y48.37%
EPS Next 2Y25.27%
EPS Next 3Y18.47%
EPS Next 5YN/A
Revenue 1Y (TTM)2.31%
Revenue growth 3Y5.54%
Revenue growth 5Y4.59%
Sales Q2Q%5.99%
Revenue Next Year2.6%
Revenue Next 2Y5.4%
Revenue Next 3Y5.38%
Revenue Next 5YN/A
EBIT growth 1Y10.87%
EBIT growth 3Y1.53%
EBIT growth 5Y5.51%
EBIT Next Year64.27%
EBIT Next 3Y23.03%
EBIT Next 5YN/A
FCF growth 1Y1304.78%
FCF growth 3Y58.63%
FCF growth 5Y69.08%
OCF growth 1Y346.22%
OCF growth 3Y45.2%
OCF growth 5Y30.51%