PLEXUS CORP (PLXS) Stock Fundamental Analysis
NASDAQ:PLXS - Nasdaq - US7291321005 - Common Stock - Currency: USD
Taking everything into account, PLXS scores 5 out of 10 in our fundamental rating. PLXS was compared to 125 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.
1. Profitability
1.1 Basic Checks
In the past year PLXS was profitable.
PLXS had a positive operating cash flow in the past year.
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
Looking at the Return On Assets, with a value of 4.62%, PLXS is in the better half of the industry, outperforming 72.00% of the companies in the same industry.
PLXS's Return On Equity of 10.56% is fine compared to the rest of the industry. PLXS outperforms 76.80% of its industry peers.
The Return On Invested Capital of PLXS (11.51%) is better than 87.20% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for PLXS is above the industry average of 9.30%.
The last Return On Invested Capital (11.51%) for PLXS is above the 3 year average (11.50%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.62% | ||
| ROE | 10.56% | ||
| ROIC | 11.51% |
ROA(3y)3.94%
ROA(5y)4.52%
ROE(3y)10.84%
ROE(5y)11.61%
ROIC(3y)11.5%
ROIC(5y)11.37%
1.3 Margins
PLXS has a better Profit Margin (3.60%) than 68.80% of its industry peers.
In the last couple of years the Profit Margin of PLXS has declined.
PLXS's Operating Margin of 5.11% is fine compared to the rest of the industry. PLXS outperforms 68.80% of its industry peers.
In the last couple of years the Operating Margin of PLXS has remained more or less at the same level.
PLXS has a worse Gross Margin (10.10%) than 79.20% of its industry peers.
PLXS's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 5.11% | ||
| PM (TTM) | 3.6% | ||
| GM | 10.1% |
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%
2. Health
2.1 Basic Checks
PLXS has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for PLXS has been reduced compared to 1 year ago.
Compared to 5 years ago, PLXS has less shares outstanding
Compared to 1 year ago, PLXS has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 4.00 indicates that PLXS is not in any danger for bankruptcy at the moment.
PLXS has a Altman-Z score of 4.00. This is in the better half of the industry: PLXS outperforms 64.80% of its industry peers.
The Debt to FCF ratio of PLXS is 0.60, which is an excellent value as it means it would take PLXS, only 0.60 years of fcf income to pay off all of its debts.
PLXS has a Debt to FCF ratio of 0.60. This is amongst the best in the industry. PLXS outperforms 84.80% of its industry peers.
A Debt/Equity ratio of 0.07 indicates that PLXS is not too dependend on debt financing.
PLXS's Debt to Equity ratio of 0.07 is in line compared to the rest of the industry. PLXS outperforms 58.40% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.07 | ||
| Debt/FCF | 0.6 | ||
| Altman-Z | 4 |
ROIC/WACC1.31
WACC8.81%
2.3 Liquidity
PLXS has a Current Ratio of 1.53. This is a normal value and indicates that PLXS is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.53, PLXS is doing worse than 74.40% of the companies in the same industry.
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 0.71 is on the low side compared to the rest of the industry. PLXS is outperformed by 89.60% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.53 | ||
| Quick Ratio | 0.71 |
3. Growth
3.1 Past
PLXS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 52.74%, which is quite impressive.
PLXS shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 7.42% yearly.
PLXS shows a decrease in Revenue. In the last year, the revenue decreased by -0.69%.
The Revenue has been growing slightly by 4.59% on average over the past years.
EPS 1Y (TTM)52.74%
EPS 3Y0.34%
EPS 5Y7.42%
EPS Q2Q%186.21%
Revenue 1Y (TTM)-0.69%
Revenue growth 3Y5.54%
Revenue growth 5Y4.59%
Sales Q2Q%1.37%
3.2 Future
Based on estimates for the next years, PLXS will show a quite strong growth in Earnings Per Share. The EPS will grow by 18.96% on average per year.
PLXS is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.94% yearly.
EPS Next Y44.71%
EPS Next 2Y25.52%
EPS Next 3Y18.96%
EPS Next 5YN/A
Revenue Next Year3.68%
Revenue Next 2Y6.31%
Revenue Next 3Y5.94%
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 accelerating.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
PLXS is valuated rather expensively with a Price/Earnings ratio of 20.93.
Based on the Price/Earnings ratio, PLXS is valued a bit cheaper than the industry average as 76.00% of the companies are valued more expensively.
PLXS is valuated rather cheaply when we compare the Price/Earnings ratio to 27.45, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 18.06 indicates a rather expensive valuation of PLXS.
Based on the Price/Forward Earnings ratio, PLXS is valued a bit cheaper than the industry average as 76.00% of the companies are valued more expensively.
PLXS is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 21.90, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.93 | ||
| Fwd PE | 18.06 |
4.2 Price Multiples
PLXS's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. PLXS is cheaper than 76.00% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of PLXS indicates a rather cheap valuation: PLXS is cheaper than 92.00% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.78 | ||
| EV/EBITDA | 13.14 |
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.
PLXS has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as PLXS's earnings are expected to grow with 18.96% in the coming years.
PEG (NY)0.47
PEG (5Y)2.82
EPS Next 2Y25.52%
EPS Next 3Y18.96%
5. Dividend
5.1 Amount
PLXS does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
140
+0.9 (+0.65%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners98.86%
Inst Owner Change-0.05%
Ins Owners1.49%
Ins Owner Change2.94%
Market Cap3.79B
Analysts75.38
Price Target156.47 (11.76%)
Short Float %2.04%
Short Ratio3.61
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
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)6.24%
Min EPS beat(2)6.02%
Max EPS beat(2)6.46%
EPS beat(4)4
Avg EPS beat(4)9.59%
Min EPS beat(4)6.02%
Max EPS beat(4)16.96%
EPS beat(8)6
Avg EPS beat(8)4.64%
EPS beat(12)9
Avg EPS beat(12)9.54%
EPS beat(16)10
Avg EPS beat(16)7.33%
Revenue beat(2)0
Avg Revenue beat(2)-2.33%
Min Revenue beat(2)-2.58%
Max Revenue beat(2)-2.08%
Revenue beat(4)1
Avg Revenue beat(4)-1.62%
Min Revenue beat(4)-4.02%
Max Revenue beat(4)2.2%
Revenue beat(8)1
Avg Revenue beat(8)-1.62%
Revenue beat(12)4
Avg Revenue beat(12)-0.08%
Revenue beat(16)5
Avg Revenue beat(16)-0.56%
PT rev (1m)0%
PT rev (3m)-4.01%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0.98%
EPS NY rev (1m)0%
EPS NY rev (3m)1.7%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.95%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.53%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.93 | ||
| Fwd PE | 18.06 | ||
| P/S | 0.96 | ||
| P/FCF | 10.78 | ||
| P/OCF | 8.58 | ||
| P/B | 2.81 | ||
| P/tB | 2.81 | ||
| EV/EBITDA | 13.14 |
EPS(TTM)6.69
EY4.78%
EPS(NY)7.75
Fwd EY5.54%
FCF(TTM)12.98
FCFY9.27%
OCF(TTM)16.32
OCFY11.66%
SpS146.46
BVpS49.9
TBVpS49.9
PEG (NY)0.47
PEG (5Y)2.82
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.62% | ||
| ROE | 10.56% | ||
| ROCE | 13.33% | ||
| ROIC | 11.51% | ||
| ROICexc | 14.47% | ||
| ROICexgc | 14.47% | ||
| OM | 5.11% | ||
| PM (TTM) | 3.6% | ||
| GM | 10.1% | ||
| FCFM | 8.86% |
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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.07 | ||
| Debt/FCF | 0.6 | ||
| Debt/EBITDA | 0.32 | ||
| Cap/Depr | 115.51% | ||
| Cap/Sales | 2.28% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 157.37% | ||
| Profit Quality | 246.44% | ||
| Current Ratio | 1.53 | ||
| Quick Ratio | 0.71 | ||
| Altman-Z | 4 |
F-Score9
WACC8.81%
ROIC/WACC1.31
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)52.74%
EPS 3Y0.34%
EPS 5Y7.42%
EPS Q2Q%186.21%
EPS Next Y44.71%
EPS Next 2Y25.52%
EPS Next 3Y18.96%
EPS Next 5YN/A
Revenue 1Y (TTM)-0.69%
Revenue growth 3Y5.54%
Revenue growth 5Y4.59%
Sales Q2Q%1.37%
Revenue Next Year3.68%
Revenue Next 2Y6.31%
Revenue Next 3Y5.94%
Revenue Next 5YN/A
EBIT growth 1Y6.51%
EBIT growth 3Y1.53%
EBIT growth 5Y5.51%
EBIT Next Year65.85%
EBIT Next 3Y22.31%
EBIT Next 5YN/A
FCF growth 1Y786.86%
FCF growth 3Y58.63%
FCF growth 5Y69.08%
OCF growth 1Y1138.28%
OCF growth 3Y45.2%
OCF growth 5Y30.51%