PLEXUS CORP (PLXS)
US7291321005 - Common Stock
Taking everything into account, PLXS scores 4 out of 10 in our fundamental rating. PLXS was compared to 127 industry peers in the Electronic Equipment, Instruments & Components industry. PLXS has only an average score on both its financial health and profitability. PLXS does not seem to be growing, but still is valued expensively.
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.
Each year in the past 5 years PLXS has been profitable.
PLXS had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
PLXS's Return On Assets of 3.10% is in line compared to the rest of the industry. PLXS outperforms 59.20% of its industry peers.
Looking at the Return On Equity, with a value of 8.06%, PLXS is in the better half of the industry, outperforming 66.40% of the companies in the same industry.
With a decent Return On Invested Capital value of 10.73%, PLXS is doing good in the industry, outperforming 80.00% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for PLXS is above the industry average of 9.32%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.1% | ||
| ROE | 8.06% | ||
| ROIC | 10.73% |
ROA(3y)4.63%
ROA(5y)4.89%
ROE(3y)12.53%
ROE(5y)12.43%
ROIC(3y)11.86%
ROIC(5y)11.47%
1.3 Margins
PLXS has a Profit Margin (2.54%) which is comparable to the rest of the industry.
In the last couple of years the Profit Margin of PLXS has grown nicely.
The Operating Margin of PLXS (4.76%) is better than 64.00% 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 9.17%, PLXS is doing worse than 80.00% of the companies in the same industry.
PLXS's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 4.76% | ||
| PM (TTM) | 2.54% | ||
| GM | 9.17% |
OM growth 3Y3.41%
OM growth 5Y4.78%
PM growth 3Y-1.58%
PM growth 5Y48.83%
GM growth 3Y0.54%
GM growth 5Y0.89%
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.
The number of shares outstanding for PLXS has been reduced compared to 1 year ago.
PLXS has less shares outstanding than it did 5 years ago.
The debt/assets ratio for PLXS has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 3.38 indicates that PLXS is not in any danger for bankruptcy at the moment.
PLXS has a Altman-Z score of 3.38. This is comparable to the rest of the industry: PLXS outperforms 58.40% of its industry peers.
PLXS has a debt to FCF ratio of 5.01. This is a neutral value as PLXS would need 5.01 years to pay back of all of its debts.
PLXS has a Debt to FCF ratio (5.01) which is in line with its industry peers.
PLXS has a Debt/Equity ratio of 0.15. This is a healthy value indicating a solid balance between debt and equity.
PLXS has a Debt to Equity ratio (0.15) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.15 | ||
| Debt/FCF | 5.01 | ||
| Altman-Z | 3.38 |
ROIC/WACC1.15
WACC9.3%
2.3 Liquidity
PLXS has a Current Ratio of 1.51. This is a normal value and indicates that PLXS is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of PLXS (1.51) is worse than 75.20% of its industry peers.
PLXS has a Quick Ratio of 1.51. 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 worse Quick ratio (0.64) than 89.60% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.51 | ||
| Quick Ratio | 0.64 |
3. Growth
3.1 Past
PLXS shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -27.60%.
PLXS shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 11.96% yearly.
The Revenue has decreased by -6.44% in the past year.
Measured over the past years, PLXS shows a small growth in Revenue. The Revenue has been growing by 7.94% on average per year.
EPS 1Y (TTM)-27.6%
EPS 3Y11.88%
EPS 5Y11.96%
EPS growth Q2Q-60%
Revenue 1Y (TTM)-6.44%
Revenue growth 3Y7.49%
Revenue growth 5Y7.94%
Revenue growth Q2Q-9.7%
3.2 Future
PLXS is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.82% yearly.
PLXS is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.70% yearly.
EPS Next Y-22.41%
EPS Next 2Y4.82%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-3.43%
Revenue Next 2Y4.7%
Revenue Next 3YN/A
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 25.00, which means the current valuation is very expensive for PLXS.
66.40% of the companies in the same industry are more expensive than PLXS, based on the Price/Earnings ratio.
PLXS is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 28.15, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 17.49, PLXS is valued on the expensive side.
Compared to the rest of the industry, the Price/Forward Earnings ratio of PLXS indicates a somewhat cheap valuation: PLXS is cheaper than 68.00% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 20.20, PLXS is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25 | ||
| Fwd PE | 17.49 |
4.2 Price Multiples
71.20% of the companies in the same industry are more expensive than PLXS, based on the Enterprise Value to EBITDA ratio.
PLXS's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 34.34 | ||
| EV/EBITDA | 11.96 |
4.3 Compensation for Growth
The decent profitability rating of PLXS may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)2.09
EPS Next 2Y4.82%
EPS Next 3YN/A
5. Dividend
5.1 Amount
PLXS does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
PLEXUS CORP
NASDAQ:PLXS (5/17/2024, 7:20:24 PM)
After market: 109.52 0 (0%)109.52
+0.64 (+0.59%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap3.00B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25 | ||
| Fwd PE | 17.49 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)2.09
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.1% | ||
| ROE | 8.06% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 4.76% | ||
| PM (TTM) | 2.54% | ||
| GM | 9.17% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover1.22
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.15 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.51 | ||
| Quick Ratio | 0.64 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-27.6%
EPS 3Y11.88%
EPS 5Y
EPS growth Q2Q
EPS Next Y-22.41%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-6.44%
Revenue growth 3Y7.49%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y