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. PLXS has an excellent profitability rating, but there are some minor concerns on its financial health. PLXS has a decent growth rate and is not valued too expensively.

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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.
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

The Return On Assets of PLXS (5.51%) is better than 74.19% of its industry peers.
With a decent Return On Equity value of 11.89%, PLXS is doing good in the industry, outperforming 79.03% of the companies in the same industry.
PLXS has a Return On Invested Capital of 11.40%. This is amongst the best in the industry. PLXS outperforms 88.71% of its industry peers.
The Average Return On Invested Capital over the past 3 years for PLXS is above the industry average of 8.83%.

		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

With a decent Profit Margin value of 4.29%, PLXS is doing good in the industry, outperforming 66.13% of the companies in the same industry.
PLXS's Profit Margin has improved in the last couple of years.
The Operating Margin of PLXS (5.13%) is better than 64.52% of its industry peers.
In the last couple of years the Operating Margin of PLXS has grown nicely.
PLXS's Gross Margin of 10.08% is on the low side compared to the rest of the industry. PLXS is outperformed by 80.65% 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

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so PLXS is destroying 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.
PLXS has a better debt/assets ratio than last year.

2.2 Solvency

PLXS has an Altman-Z score of 4.46. This indicates that PLXS is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of PLXS (4.46) is better than 63.71% 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.
PLXS has a better Debt to FCF ratio (0.89) than 83.06% of its industry peers.
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	0.89
Altman-Z	4.46

ROIC/WACC0.74

WACC15.44%

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: 72.58% 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.
PLXS's Quick ratio of 0.77 is on the low side compared to the rest of the industry. PLXS is outperformed by 87.90% 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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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.
The Earnings Per Share has been growing by 12.79% on average over the past years. This is quite good.
The Revenue has been growing slightly by 1.82% in the past year.
The Revenue has been growing slightly by 3.53% on average over the past years.

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.
Based on estimates for the next years, PLXS will show a quite strong growth in Revenue. The Revenue will grow by 8.07% 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 3YN/A

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.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.

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4. Valuation

4.1 Price/Earnings Ratio

PLXS is valuated rather expensively with a Price/Earnings ratio of 23.42.
Based on the Price/Earnings ratio, PLXS is valued a bit cheaper than 71.77% of the companies in the same industry.
PLXS's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.21.
PLXS is valuated rather expensively with a Price/Forward Earnings ratio of 22.87.
69.35% of the companies in the same industry are more expensive than PLXS, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 24.26. PLXS is around the same levels.

		Industry Rank	Sector Rank
PE	23.42
Fwd PE	22.87

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, PLXS is valued a bit cheaper than the industry average as 70.97% of the companies are valued more expensively.
68.55% 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	30.26
EV/EBITDA	16.44

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates PLXS does not grow enough to justify the current Price/Earnings ratio.
PLXS has a very decent profitability rating, which may justify a higher PE ratio.