PREFORMED LINE PRODUCTS CO (PLPC)
US7404441047 - Common Stock
We assign a fundamental rating of 7 out of 10 to PLPC. PLPC was compared to 86 industry peers in the Electrical Equipment industry. PLPC gets an excellent profitability rating and is at the same time showing great financial health properties. PLPC is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
PLPC had positive earnings in the past year.
In the past year PLPC had a positive cash flow from operations.
PLPC had positive earnings in each of the past 5 years.
PLPC had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 10.50%, PLPC belongs to the top of the industry, outperforming 91.67% of the companies in the same industry.
Looking at the Return On Equity, with a value of 15.22%, PLPC belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
PLPC has a better Return On Invested Capital (12.71%) than 88.10% of its industry peers.
PLPC had an Average Return On Invested Capital over the past 3 years of 11.27%. This is in line with the industry average of 10.34%.
The 3 year average ROIC (11.27%) for PLPC is below the current ROIC(12.71%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.5% | ||
| ROE | 15.22% | ||
| ROIC | 12.71% |
ROA(3y)9.12%
ROA(5y)7.84%
ROE(3y)13.89%
ROE(5y)12.11%
ROIC(3y)11.27%
ROIC(5y)9.74%
1.3 Margins
PLPC's Profit Margin of 9.46% is amongst the best of the industry. PLPC outperforms 82.14% of its industry peers.
PLPC's Profit Margin has improved in the last couple of years.
With a decent Operating Margin value of 12.57%, PLPC is doing good in the industry, outperforming 77.38% of the companies in the same industry.
In the last couple of years the Operating Margin of PLPC has grown nicely.
PLPC has a better Gross Margin (35.07%) than 79.76% of its industry peers.
PLPC's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 12.57% | ||
| PM (TTM) | 9.46% | ||
| GM | 35.07% |
OM growth 3Y13.39%
OM growth 5Y9.96%
PM growth 3Y13.96%
PM growth 5Y8.4%
GM growth 3Y2.03%
GM growth 5Y2.23%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), PLPC is creating some value.
Compared to 1 year ago, PLPC has about the same amount of shares outstanding.
PLPC has less shares outstanding than it did 5 years ago.
The debt/assets ratio for PLPC has been reduced compared to a year ago.
2.2 Solvency
PLPC has an Altman-Z score of 5.20. This indicates that PLPC is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of PLPC (5.20) is better than 86.90% of its industry peers.
PLPC has a debt to FCF ratio of 0.86. This is a very positive value and a sign of high solvency as it would only need 0.86 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 0.86, PLPC belongs to the top of the industry, outperforming 91.67% of the companies in the same industry.
PLPC has a Debt/Equity ratio of 0.13. This is a healthy value indicating a solid balance between debt and equity.
With a decent Debt to Equity ratio value of 0.13, PLPC is doing good in the industry, outperforming 60.71% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.13 | ||
| Debt/FCF | 0.86 | ||
| Altman-Z | 5.2 |
ROIC/WACC1.22
WACC10.38%
2.3 Liquidity
A Current Ratio of 2.92 indicates that PLPC has no problem at all paying its short term obligations.
PLPC's Current ratio of 2.92 is fine compared to the rest of the industry. PLPC outperforms 75.00% of its industry peers.
PLPC has a Quick Ratio of 1.58. This is a normal value and indicates that PLPC is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of PLPC (1.58) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.92 | ||
| Quick Ratio | 1.58 |
3. Growth
3.1 Past
PLPC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 15.96%, which is quite good.
Measured over the past years, PLPC shows a quite strong growth in Earnings Per Share. The EPS has been growing by 19.46% on average per year.
Looking at the last year, PLPC shows a small growth in Revenue. The Revenue has grown by 5.12% in the last year.
PLPC shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 9.73% yearly.
EPS 1Y (TTM)15.96%
EPS 3Y28.59%
EPS 5Y19.46%
EPS growth Q2Q-61.39%
Revenue 1Y (TTM)5.12%
Revenue growth 3Y12.82%
Revenue growth 5Y9.73%
Revenue growth Q2Q-14.3%
3.2 Future
No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 10.00 indicates a reasonable valuation of PLPC.
94.05% of the companies in the same industry are more expensive than PLPC, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 28.28. PLPC is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10 | ||
| Fwd PE | N/A |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of PLPC indicates a rather cheap valuation: PLPC is cheaper than 96.43% of the companies listed in the same industry.
97.62% of the companies in the same industry are more expensive than PLPC, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.64 | ||
| EV/EBITDA | 6.04 |
4.3 Compensation for Growth
PLPC has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.51
EPS Next 2YN/A
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a yearly dividend of 0.65%, PLPC is not a good candidate for dividend investing.
PLPC's Dividend Yield is rather good when compared to the industry average which is at 2.46. PLPC pays more dividend than 80.95% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.41, PLPC's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.65% |
5.2 History
The dividend of PLPC has a limited annual growth rate of 0.47%.
PLPC has been paying a dividend for at least 10 years, so it has a reliable track record.
PLPC has decreased its dividend recently.
Dividend Growth(5Y)0.47%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
PLPC pays out 6.48% of its income as dividend. This is a sustainable payout ratio.
The dividend of PLPC is growing, but earnings are growing more, so the dividend growth is sustainable.
DP6.48%
EPS Next 2YN/A
EPS Next 3YN/A
PREFORMED LINE PRODUCTS CO
NASDAQ:PLPC (5/3/2024, 7:12:38 PM)
After market: 126.75 0 (0%)126.75
+0.78 (+0.62%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap624.88M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.65% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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Revenue beat(2)
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10 | ||
| Fwd PE | N/A | ||
| 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)0.51
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.5% | ||
| ROE | 15.22% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 12.57% | ||
| PM (TTM) | 9.46% | ||
| GM | 35.07% | ||
| 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 Turnover1.11
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.13 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 2.92 | ||
| Quick Ratio | 1.58 | ||
| 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)15.96%
EPS 3Y28.59%
EPS 5Y
EPS growth Q2Q
EPS Next YN/A
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)5.12%
Revenue growth 3Y12.82%
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
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EBIT Next 5Y
FCF growth 1Y
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