We assign a fundamental rating of 5 out of 10 to PLXS. PLXS was compared to 123 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.
PLXS had a positive operating cash flow in the past year.
PLXS had positive earnings in each of the past 5 years.
Of the past 5 years PLXS 4 years had a positive operating cash flow.

1.2 Ratios

PLXS has a Return On Assets of 5.51%. This is in the better half of the industry: PLXS outperforms 73.98% of its industry peers.
The Return On Equity of PLXS (11.89%) is better than 78.86% of its industry peers.
With an excellent Return On Invested Capital value of 11.40%, PLXS belongs to the best of the industry, outperforming 88.62% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for PLXS 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

Looking at the Profit Margin, with a value of 4.29%, PLXS is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
In the last couple of years the Profit Margin of PLXS has grown nicely.
PLXS's Operating Margin of 5.13% is fine compared to the rest of the industry. PLXS outperforms 65.04% of its industry peers.
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.
In the last couple of years the Gross Margin of PLXS has grown nicely.

		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.
Compared to 1 year ago, PLXS has less shares outstanding
The number of shares outstanding for PLXS has been reduced compared to 5 years ago.
Compared to 1 year ago, PLXS has an improved debt to assets ratio.

2.2 Solvency

An Altman-Z score of 4.39 indicates that PLXS is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 4.39, PLXS is in the better half of the industry, outperforming 62.60% of the companies in the same industry.
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 82.93% 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 in line with its industry peers.

		Industry Rank	Sector Rank
Debt/Equity	0.06
Debt/FCF	0.89
Altman-Z	4.39

ROIC/WACC0.74

WACC15.44%

2.3 Liquidity

A Current Ratio of 1.58 indicates that PLXS should not have too much problems paying its short term obligations.
PLXS has a Current ratio of 1.58. This is in the lower half of the industry: PLXS underperforms 73.17% 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.
PLXS has a Quick ratio of 0.77. This is amonst the worse of the industry: PLXS underperforms 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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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.
Looking at the last year, PLXS shows a small growth in Revenue. The Revenue has grown by 1.82% in the last 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

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

The Price/Earnings ratio is 23.42, which indicates a rather expensive current valuation of PLXS.
Based on the Price/Earnings ratio, PLXS is valued a bit cheaper than 74.80% 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.
A Price/Forward Earnings ratio of 22.87 indicates a rather expensive valuation of PLXS.
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	23.42
Fwd PE	22.87

4.2 Price Multiples

PLXS's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. PLXS is cheaper than 72.36% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of PLXS indicates a somewhat cheap valuation: PLXS is cheaper than 68.29% of the companies listed in the same industry.

		Industry Rank	Sector Rank
P/FCF	30.26
EV/EBITDA	15.76

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.