PLEXUS CORP (PLXS) Stock Fundamental Analysis
NASDAQ:PLXS - Nasdaq - US7291321005 - Common Stock - Currency: USD
Overall PLXS gets a fundamental rating of 5 out of 10. We evaluated PLXS against 125 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
In the past year PLXS was profitable.
PLXS had a positive operating cash flow in the past year.
In the past 5 years PLXS has always been profitable.
PLXS had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
With a decent Return On Assets value of 4.62%, PLXS is doing good in the industry, outperforming 72.00% of the companies in the same industry.
With a decent Return On Equity value of 10.56%, PLXS is doing good in the industry, outperforming 76.80% of the companies in the same industry.
PLXS has a Return On Invested Capital of 11.51%. This is amongst the best in the industry. PLXS outperforms 87.20% of its industry peers.
The Average Return On Invested Capital over the past 3 years for PLXS is above the industry average of 9.16%.
The last Return On Invested Capital (11.51%) for PLXS is above the 3 year average (11.50%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.62% | ||
| ROE | 10.56% | ||
| ROIC | 11.51% |
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 3.60%, PLXS is in the better half of the industry, outperforming 68.80% of the companies in the same industry.
PLXS's Profit Margin has declined in the last couple of years.
The Operating Margin of PLXS (5.11%) is better than 68.80% 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 10.10%. This is in the lower half of the industry: PLXS underperforms 79.20% 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 | 5.11% | ||
| PM (TTM) | 3.6% | ||
| GM | 10.1% |
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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so PLXS is still creating some value.
Compared to 1 year ago, PLXS has less shares outstanding
Compared to 5 years ago, PLXS has less shares outstanding
The debt/assets ratio for PLXS has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 3.94 indicates that PLXS is not in any danger for bankruptcy at the moment.
With a decent Altman-Z score value of 3.94, PLXS is doing good in the industry, outperforming 65.60% of the companies in the same industry.
PLXS has a debt to FCF ratio of 0.60. This is a very positive value and a sign of high solvency as it would only need 0.60 years to pay back of all of its debts.
With an excellent Debt to FCF ratio value of 0.60, PLXS belongs to the best of the industry, outperforming 84.80% of the companies in the same industry.
A Debt/Equity ratio of 0.07 indicates that PLXS is not too dependend on debt financing.
With a Debt to Equity ratio value of 0.07, PLXS perfoms like the industry average, outperforming 58.40% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.07 | ||
| Debt/FCF | 0.6 | ||
| Altman-Z | 3.94 |
ROIC/WACC1.19
WACC9.66%
2.3 Liquidity
A Current Ratio of 1.53 indicates that PLXS should not have too much problems paying its short term obligations.
PLXS's Current ratio of 1.53 is on the low side compared to the rest of the industry. PLXS is outperformed by 74.40% 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.
With a Quick ratio value of 0.71, PLXS is not doing good in the industry: 89.60% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.53 | ||
| Quick Ratio | 0.71 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 52.74% over the past year.
PLXS shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 7.42% yearly.
Looking at the last year, PLXS shows a decrease in Revenue. The Revenue has decreased by -0.69% 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)-0.69%
Revenue growth 3Y5.54%
Revenue growth 5Y4.59%
Sales Q2Q%1.37%
3.2 Future
Based on estimates for the next years, PLXS will show a quite strong growth in Earnings Per Share. The EPS will grow by 18.96% on average per year.
PLXS is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.94% yearly.
EPS Next Y44.71%
EPS Next 2Y25.52%
EPS Next 3Y18.96%
EPS Next 5YN/A
Revenue Next Year3.68%
Revenue Next 2Y6.31%
Revenue Next 3Y5.94%
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
The Price/Earnings ratio is 20.02, which indicates a rather expensive current valuation of PLXS.
Based on the Price/Earnings ratio, PLXS is valued a bit cheaper than the industry average as 76.80% of the companies are valued more expensively.
PLXS's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.30.
PLXS is valuated rather expensively with a Price/Forward Earnings ratio of 17.28.
PLXS's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. PLXS is cheaper than 75.20% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of PLXS to the average of the S&P500 Index (21.76), we can say PLXS is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.02 | ||
| Fwd PE | 17.28 |
4.2 Price Multiples
PLXS's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. PLXS is cheaper than 76.80% of the companies 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 91.20% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.32 | ||
| EV/EBITDA | 12.56 |
4.3 Compensation for Growth
The 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 18.96% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.45
PEG (5Y)2.7
EPS Next 2Y25.52%
EPS Next 3Y18.96%
5. Dividend
5.1 Amount
PLXS does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
133.93
-2.13 (-1.57%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners98.86%
Inst Owner Change0%
Ins Owners1.49%
Ins Owner Change2.95%
Market Cap3.63B
Analysts75.38
Price Target156.47 (16.83%)
Short Float %2.04%
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)6.24%
Min EPS beat(2)6.02%
Max EPS beat(2)6.46%
EPS beat(4)4
Avg EPS beat(4)9.59%
Min EPS beat(4)6.02%
Max EPS beat(4)16.96%
EPS beat(8)6
Avg EPS beat(8)4.64%
EPS beat(12)9
Avg EPS beat(12)9.54%
EPS beat(16)10
Avg EPS beat(16)7.33%
Revenue beat(2)0
Avg Revenue beat(2)-2.33%
Min Revenue beat(2)-2.58%
Max Revenue beat(2)-2.08%
Revenue beat(4)1
Avg Revenue beat(4)-1.62%
Min Revenue beat(4)-4.02%
Max Revenue beat(4)2.2%
Revenue beat(8)1
Avg Revenue beat(8)-1.62%
Revenue beat(12)4
Avg Revenue beat(12)-0.08%
Revenue beat(16)5
Avg Revenue beat(16)-0.56%
PT rev (1m)0%
PT rev (3m)-4.01%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0.98%
EPS NY rev (1m)0%
EPS NY rev (3m)1.7%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.95%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.53%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.02 | ||
| Fwd PE | 17.28 | ||
| P/S | 0.91 | ||
| P/FCF | 10.32 | ||
| P/OCF | 8.21 | ||
| P/B | 2.68 | ||
| P/tB | 2.68 | ||
| EV/EBITDA | 12.56 |
EPS(TTM)6.69
EY5%
EPS(NY)7.75
Fwd EY5.79%
FCF(TTM)12.98
FCFY9.69%
OCF(TTM)16.32
OCFY12.18%
SpS146.46
BVpS49.9
TBVpS49.9
PEG (NY)0.45
PEG (5Y)2.7
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.62% | ||
| ROE | 10.56% | ||
| ROCE | 13.33% | ||
| ROIC | 11.51% | ||
| ROICexc | 14.47% | ||
| ROICexgc | 14.47% | ||
| OM | 5.11% | ||
| PM (TTM) | 3.6% | ||
| GM | 10.1% | ||
| FCFM | 8.86% |
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 | 0.6 | ||
| Debt/EBITDA | 0.32 | ||
| Cap/Depr | 115.51% | ||
| Cap/Sales | 2.28% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 157.37% | ||
| Profit Quality | 246.44% | ||
| Current Ratio | 1.53 | ||
| Quick Ratio | 0.71 | ||
| Altman-Z | 3.94 |
F-Score9
WACC9.66%
ROIC/WACC1.19
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 Y44.71%
EPS Next 2Y25.52%
EPS Next 3Y18.96%
EPS Next 5YN/A
Revenue 1Y (TTM)-0.69%
Revenue growth 3Y5.54%
Revenue growth 5Y4.59%
Sales Q2Q%1.37%
Revenue Next Year3.68%
Revenue Next 2Y6.31%
Revenue Next 3Y5.94%
Revenue Next 5YN/A
EBIT growth 1Y6.51%
EBIT growth 3Y1.53%
EBIT growth 5Y5.51%
EBIT Next Year65.85%
EBIT Next 3Y22.31%
EBIT Next 5YN/A
FCF growth 1Y786.86%
FCF growth 3Y58.63%
FCF growth 5Y69.08%
OCF growth 1Y1138.28%
OCF growth 3Y45.2%
OCF growth 5Y30.51%