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. Both the profitability and the financial health of PLXS get a neutral evaluation. Nothing too spectacular is happening here. PLXS is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
PLXS had positive earnings in the past year.
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
With a decent Return On Assets value of 4.62%, PLXS is doing good in the industry, outperforming 72.00% of the companies in the same industry.
PLXS has a Return On Equity of 10.56%. This is in the better half of the industry: PLXS outperforms 76.80% of its industry peers.
Looking at the Return On Invested Capital, with a value of 11.51%, PLXS belongs to the top of the industry, outperforming 85.60% of the companies in the same industry.
PLXS had an Average Return On Invested Capital over the past 3 years of 11.50%. This is above the industry average of 9.29%.
The 3 year average ROIC (11.50%) for PLXS is below the current ROIC(11.51%), indicating increased profibility in the last year.
| 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 Profit Margin of 3.60%. This is in the better half of the industry: PLXS outperforms 68.00% of its industry peers.
PLXS's Profit Margin has declined in the last couple of years.
With a decent Operating Margin value of 5.11%, PLXS is doing good in the industry, outperforming 68.00% of the companies in the same industry.
In the last couple of years the Operating Margin of PLXS has remained more or less at the same level.
PLXS has a Gross Margin of 10.10%. This is in the lower half of the industry: PLXS underperforms 77.60% 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.
The number of shares outstanding for PLXS has been reduced compared to 5 years ago.
The debt/assets ratio for PLXS has been reduced compared to a year ago.
2.2 Solvency
PLXS has an Altman-Z score of 3.94. This indicates that PLXS is financially healthy and has little risk of bankruptcy at the moment.
PLXS's Altman-Z score of 3.94 is fine compared to the rest of the industry. PLXS outperforms 66.40% 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.
With an excellent Debt to FCF ratio value of 0.60, PLXS belongs to the best of the industry, outperforming 84.80% of the companies in the same industry.
PLXS has a Debt/Equity ratio of 0.07. This is a healthy value indicating a solid balance between debt and equity.
PLXS has a Debt to Equity ratio of 0.07. This is comparable to the rest of the industry: PLXS outperforms 60.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.07 | ||
| Debt/FCF | 0.6 | ||
| Altman-Z | 3.94 |
ROIC/WACC1.21
WACC9.52%
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.
The Current ratio of PLXS (1.53) is worse than 70.40% of its industry peers.
A Quick Ratio of 0.71 indicates that PLXS may have some problems paying its short term obligations.
With a Quick ratio value of 0.71, PLXS is not doing good in the industry: 87.20% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.53 | ||
| Quick Ratio | 0.71 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 52.74% over the past year.
The Earnings Per Share has been growing slightly by 7.42% on average over the past years.
Looking at the last year, PLXS shows a decrease in Revenue. The Revenue has decreased by -0.69% in the last year.
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
The Earnings Per Share is expected to grow by 17.87% on average over the next years. This is quite good.
Based on estimates for the next years, PLXS will show a small growth in Revenue. The Revenue will grow by 5.34% on average per year.
EPS Next Y44.71%
EPS Next 2Y25.52%
EPS Next 3Y17.87%
EPS Next 5YN/A
Revenue Next Year3.68%
Revenue Next 2Y6.31%
Revenue Next 3Y5.34%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
PLXS is valuated rather expensively with a Price/Earnings ratio of 20.07.
Compared to the rest of the industry, the Price/Earnings ratio of PLXS indicates a somewhat cheap valuation: PLXS is cheaper than 72.80% of the companies listed in the same industry.
PLXS is valuated rather cheaply when we compare the Price/Earnings ratio to 26.68, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 17.32, which indicates a rather expensive current valuation of PLXS.
PLXS's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. PLXS is cheaper than 74.40% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.50, PLXS is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.07 | ||
| Fwd PE | 17.32 |
4.2 Price Multiples
72.80% 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 cheaper than 91.20% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.32 | ||
| EV/EBITDA | 12.57 |
4.3 Compensation for Growth
The 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.
PLXS's earnings are expected to grow with 17.87% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.45
PEG (5Y)2.71
EPS Next 2Y25.52%
EPS Next 3Y17.87%
5. Dividend
5.1 Amount
PLXS does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
134.28
+1.58 (+1.19%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners101.25%
Inst Owner Change-0.16%
Ins Owners1.57%
Ins Owner Change1.65%
Market Cap3.63B
Analysts75.38
Price Target156.47 (16.53%)
Short Float %2.22%
Short Ratio2.98
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)-4.01%
PT rev (3m)-5.16%
EPS NQ rev (1m)0.98%
EPS NQ rev (3m)0.98%
EPS NY rev (1m)1.7%
EPS NY rev (3m)1.7%
Revenue NQ rev (1m)-0.95%
Revenue NQ rev (3m)-0.95%
Revenue NY rev (1m)-0.53%
Revenue NY rev (3m)-0.53%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.07 | ||
| Fwd PE | 17.32 | ||
| P/S | 0.92 | ||
| P/FCF | 10.32 | ||
| P/OCF | 8.21 | ||
| P/B | 2.69 | ||
| P/tB | 2.69 | ||
| EV/EBITDA | 12.57 |
EPS(TTM)6.69
EY4.98%
EPS(NY)7.75
Fwd EY5.77%
FCF(TTM)13.01
FCFY9.69%
OCF(TTM)16.35
OCFY12.18%
SpS146.73
BVpS49.99
TBVpS49.99
PEG (NY)0.45
PEG (5Y)2.71
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 | 3.94 |
F-Score9
WACC9.52%
ROIC/WACC1.21
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 3Y17.87%
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 3Y5.34%
Revenue Next 5YN/A
EBIT growth 1Y6.51%
EBIT growth 3Y1.53%
EBIT growth 5Y5.51%
EBIT Next Year66%
EBIT Next 3Y24.16%
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%