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PLEXUS CORP (PLXS) Stock Fundamental Analysis

NASDAQ:PLXS - Nasdaq - US7291321005 - Common Stock - Currency: USD

137.34  -2.32 (-1.66%)

After market: 137.34 0 (0%)

Fundamental Rating

5

Overall PLXS gets a fundamental rating of 5 out of 10. We evaluated PLXS against 124 industry peers in the Electronic Equipment, Instruments & Components industry. PLXS has an average financial health and profitability rating. PLXS has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

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6

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.
In the past 5 years PLXS has always been profitable.
PLXS had a positive operating cash flow in 4 of the past 5 years.
PLXS Yearly Net Income VS EBIT VS OCF VS FCFPLXS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M 200M 300M 400M

1.2 Ratios

The Return On Assets of PLXS (3.90%) is better than 67.50% of its industry peers.
With a decent Return On Equity value of 9.09%, PLXS is doing good in the industry, outperforming 71.67% of the companies in the same industry.
PLXS has a Return On Invested Capital of 11.15%. This is amongst the best in the industry. PLXS outperforms 85.00% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for PLXS is above the industry average of 8.95%.
Industry RankSector Rank
ROA 3.9%
ROE 9.09%
ROIC 11.15%
ROA(3y)3.94%
ROA(5y)4.52%
ROE(3y)10.84%
ROE(5y)11.61%
ROIC(3y)11.5%
ROIC(5y)11.37%
PLXS Yearly ROA, ROE, ROICPLXS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

1.3 Margins

PLXS has a better Profit Margin (3.03%) than 61.67% of its industry peers.
PLXS's Profit Margin has declined in the last couple of years.
PLXS's Operating Margin of 4.92% is fine compared to the rest of the industry. PLXS outperforms 66.67% of its industry peers.
In the last couple of years the Operating Margin of PLXS has remained more or less at the same level.
Looking at the Gross Margin, with a value of 9.89%, PLXS is doing worse than 80.00% of the companies in the same industry.
In the last couple of years the Gross Margin of PLXS has remained more or less at the same level.
Industry RankSector Rank
OM 4.92%
PM (TTM) 3.03%
GM 9.89%
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%
PLXS Yearly Profit, Operating, Gross MarginsPLXS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

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6

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.
Compared to 1 year ago, PLXS has less shares outstanding
Compared to 5 years ago, PLXS has less shares outstanding
PLXS has a better debt/assets ratio than last year.
PLXS Yearly Shares OutstandingPLXS Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M
PLXS Yearly Total Debt VS Total AssetsPLXS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

2.2 Solvency

PLXS has an Altman-Z score of 3.96. This indicates that PLXS is financially healthy and has little risk of bankruptcy at the moment.
With a decent Altman-Z score value of 3.96, PLXS is doing good in the industry, outperforming 65.83% of the companies in the same industry.
PLXS has a debt to FCF ratio of 0.53. This is a very positive value and a sign of high solvency as it would only need 0.53 years to pay back of all of its debts.
PLXS has a better Debt to FCF ratio (0.53) than 82.50% of its industry peers.
PLXS has a Debt/Equity ratio of 0.07. This is a healthy value indicating a solid balance between debt and equity.
PLXS's Debt to Equity ratio of 0.07 is in line compared to the rest of the industry. PLXS outperforms 57.50% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.07
Debt/FCF 0.53
Altman-Z 3.96
ROIC/WACC1.25
WACC8.93%
PLXS Yearly LT Debt VS Equity VS FCFPLXS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M 1B

2.3 Liquidity

A Current Ratio of 1.53 indicates that PLXS should not have too much problems paying its short term obligations.
PLXS has a worse Current ratio (1.53) than 75.00% 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.
PLXS's Quick ratio of 0.70 is on the low side compared to the rest of the industry. PLXS is outperformed by 90.00% of its industry peers.
Industry RankSector Rank
Current Ratio 1.53
Quick Ratio 0.7
PLXS Yearly Current Assets VS Current LiabilitesPLXS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B 2.5B

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4

3. Growth

3.1 Past

PLXS shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 6.86%.
The Earnings Per Share has been growing slightly by 7.42% on average over the past years.
The Revenue has decreased by -3.53% in the past year.
The Revenue has been growing slightly by 4.59% on average over the past years.
EPS 1Y (TTM)6.86%
EPS 3Y0.34%
EPS 5Y7.42%
EPS Q2Q%66.35%
Revenue 1Y (TTM)-3.53%
Revenue growth 3Y5.54%
Revenue growth 5Y4.59%
Sales Q2Q%-0.66%

3.2 Future

The Earnings Per Share is expected to grow by 19.49% on average over the next years. This is quite good.
The Revenue is expected to grow by 7.01% on average over the next years.
EPS Next Y42.29%
EPS Next 2Y25.82%
EPS Next 3Y19.49%
EPS Next 5YN/A
Revenue Next Year4.23%
Revenue Next 2Y6.79%
Revenue Next 3Y7.01%
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.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
PLXS Yearly Revenue VS EstimatesPLXS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1B 2B 3B 4B
PLXS Yearly EPS VS EstimatesPLXS Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2 4 6 8

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6

4. Valuation

4.1 Price/Earnings Ratio

PLXS is valuated rather expensively with a Price/Earnings ratio of 24.48.
Compared to the rest of the industry, the Price/Earnings ratio of PLXS indicates a somewhat cheap valuation: PLXS is cheaper than 67.50% of the companies listed in the same industry.
PLXS is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 29.63, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 17.63, PLXS is valued on the expensive side.
Based on the Price/Forward Earnings ratio, PLXS is valued a bit cheaper than the industry average as 77.50% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 22.68. PLXS is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 24.48
Fwd PE 17.63
PLXS Price Earnings VS Forward Price EarningsPLXS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

72.50% of the companies in the same industry are more expensive than PLXS, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, PLXS is valued cheaply inside the industry as 91.67% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 9.28
EV/EBITDA 13.47
PLXS Per share dataPLXS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 50 100

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 19.49% in the coming years.
PEG (NY)0.58
PEG (5Y)3.3
EPS Next 2Y25.82%
EPS Next 3Y19.49%

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0

5. Dividend

5.1 Amount

PLXS does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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PLEXUS CORP

NASDAQ:PLXS (2/21/2025, 8:00:01 PM)

After market: 137.34 0 (0%)

137.34

-2.32 (-1.66%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)01-22 2025-01-22/amc
Earnings (Next)04-22 2025-04-22/amc
Inst Owners99.53%
Inst Owner Change6.16%
Ins Owners1.52%
Ins Owner Change0.15%
Market Cap3.71B
Analysts76.67
Price Target164.99 (20.13%)
Short Float %2.41%
Short Ratio3.23
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly Dividend0
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)11.71%
Min EPS beat(2)6.46%
Max EPS beat(2)16.96%
EPS beat(4)3
Avg EPS beat(4)-0.56%
Min EPS beat(4)-34.58%
Max EPS beat(4)16.96%
EPS beat(8)6
Avg EPS beat(8)6.84%
EPS beat(12)8
Avg EPS beat(12)8.51%
EPS beat(16)10
Avg EPS beat(16)8.02%
Revenue beat(2)1
Avg Revenue beat(2)-0.19%
Min Revenue beat(2)-2.58%
Max Revenue beat(2)2.2%
Revenue beat(4)1
Avg Revenue beat(4)-1.18%
Min Revenue beat(4)-4.02%
Max Revenue beat(4)2.2%
Revenue beat(8)2
Avg Revenue beat(8)-1.31%
Revenue beat(12)5
Avg Revenue beat(12)0.4%
Revenue beat(16)5
Avg Revenue beat(16)-0.55%
PT rev (1m)3.69%
PT rev (3m)20.35%
EPS NQ rev (1m)-3.35%
EPS NQ rev (3m)1.99%
EPS NY rev (1m)0.14%
EPS NY rev (3m)0%
Revenue NQ rev (1m)-3.47%
Revenue NQ rev (3m)-7.31%
Revenue NY rev (1m)-2.44%
Revenue NY rev (3m)-2.73%
Valuation
Industry RankSector Rank
PE 24.48
Fwd PE 17.63
P/S 0.94
P/FCF 9.28
P/OCF 7.53
P/B 2.82
P/tB 2.82
EV/EBITDA 13.47
EPS(TTM)5.61
EY4.08%
EPS(NY)7.79
Fwd EY5.67%
FCF(TTM)14.8
FCFY10.77%
OCF(TTM)18.24
OCFY13.28%
SpS146.24
BVpS48.78
TBVpS48.78
PEG (NY)0.58
PEG (5Y)3.3
Profitability
Industry RankSector Rank
ROA 3.9%
ROE 9.09%
ROCE 12.91%
ROIC 11.15%
ROICexc 14.12%
ROICexgc 14.12%
OM 4.92%
PM (TTM) 3.03%
GM 9.89%
FCFM 10.12%
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 RankSector Rank
Debt/Equity 0.07
Debt/FCF 0.53
Debt/EBITDA 0.33
Cap/Depr 119.13%
Cap/Sales 2.35%
Interest Coverage 250
Cash Conversion 180.99%
Profit Quality 333.8%
Current Ratio 1.53
Quick Ratio 0.7
Altman-Z 3.96
F-Score9
WACC8.93%
ROIC/WACC1.25
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)6.86%
EPS 3Y0.34%
EPS 5Y7.42%
EPS Q2Q%66.35%
EPS Next Y42.29%
EPS Next 2Y25.82%
EPS Next 3Y19.49%
EPS Next 5YN/A
Revenue 1Y (TTM)-3.53%
Revenue growth 3Y5.54%
Revenue growth 5Y4.59%
Sales Q2Q%-0.66%
Revenue Next Year4.23%
Revenue Next 2Y6.79%
Revenue Next 3Y7.01%
Revenue Next 5YN/A
EBIT growth 1Y-5.94%
EBIT growth 3Y1.53%
EBIT growth 5Y5.51%
EBIT Next Year64.95%
EBIT Next 3Y24.16%
EBIT Next 5YN/A
FCF growth 1Y616.28%
FCF growth 3Y58.63%
FCF growth 5Y69.08%
OCF growth 1Y3422.63%
OCF growth 3Y45.2%
OCF growth 5Y30.51%