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. While PLXS has a great profitability rating, 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

In the past year PLXS was profitable.
In the past year PLXS had a positive cash flow from operations.
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

PLXS has a better Return On Assets (5.51%) than 73.17% of its industry peers.
The Return On Equity of PLXS (11.89%) is better than 78.86% of its industry peers.
PLXS has a better Return On Invested Capital (11.40%) than 88.62% of its industry peers.
PLXS had an Average Return On Invested Capital over the past 3 years of 11.81%. This is above the industry average of 8.87%.

		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

PLXS's Profit Margin of 4.29% is fine compared to the rest of the industry. PLXS outperforms 66.67% of its industry peers.
PLXS's Profit Margin has improved in the last couple of years.
PLXS has a Operating Margin of 5.13%. This is in the better half of the industry: PLXS outperforms 65.04% of its industry peers.
PLXS's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 10.08%, PLXS is doing worse than 80.49% of the companies in the same industry.
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

PLXS has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it 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

PLXS has an Altman-Z score of 4.41. This indicates that PLXS is financially healthy and has little risk of bankruptcy at the moment.
PLXS has a Altman-Z score of 4.41. This is in the better half of the industry: PLXS outperforms 63.41% of its industry peers.
PLXS has a debt to FCF ratio of 0.89. This is a very positive value and a sign of high solvency as it would only need 0.89 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 0.89, PLXS belongs to the top of the industry, outperforming 82.93% of the companies in the same industry.
PLXS has a Debt/Equity ratio of 0.06. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of PLXS (0.06) is comparable to the rest of the industry.

		Industry Rank	Sector Rank
Debt/Equity	0.06
Debt/FCF	0.89
Altman-Z	4.41

ROIC/WACC1.3

WACC8.76%

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's Current ratio of 1.58 is on the low side compared to the rest of the industry. PLXS is outperformed by 73.17% of its industry peers.
A Quick Ratio of 0.77 indicates that PLXS may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.77, PLXS is doing worse than 87.80% of the companies in the same industry.

		Industry Rank	Sector Rank
Current Ratio	1.58
Quick Ratio	0.77

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WACC

Debt/Equity

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Altman-Z score

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3. Growth

3.1 Past

PLXS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 51.02%, which is quite impressive.
Measured over the past years, PLXS shows a quite strong growth in Earnings Per Share. The EPS has been growing by 12.79% on average per year.
The Revenue has been growing slightly by 1.82% in the past year.
Measured over the past years, PLXS shows a small growth in Revenue. The Revenue has been growing by 3.53% on average per year.

EPS 1Y (TTM)51.02%

EPS 3Y14.57%

EPS 5Y12.79%

EPS Q2Q%15.68%

Revenue 1Y (TTM)1.82%

Revenue growth 3Y1.9%

Revenue growth 5Y3.53%

Sales Q2Q%0.74%

3.2 Future

PLXS is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.99% yearly.
PLXS is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.80% yearly.

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

The EPS growth rate is decreasing: in the next years the growth will be less 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.

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4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 23.67, the valuation of PLXS can be described as rather expensive.
Compared to the rest of the industry, the Price/Earnings ratio of PLXS indicates a somewhat cheap valuation: PLXS is cheaper than 73.98% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 27.25. PLXS is around the same levels.
Based on the Price/Forward Earnings ratio of 23.12, the valuation of PLXS can be described as rather expensive.
Based on the Price/Forward Earnings ratio, PLXS is valued a bit cheaper than 69.11% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 25.98. PLXS is around the same levels.

		Industry Rank	Sector Rank
PE	23.67
Fwd PE	23.12

4.2 Price Multiples

PLXS's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. PLXS is cheaper than 71.54% 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 69.11% of the companies in the same industry.

		Industry Rank	Sector Rank
P/FCF	30.58
EV/EBITDA	15.94

4.3 Compensation for Growth

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