PLEXUS CORP (PLXS) Stock Fundamental Analysis
NASDAQ:PLXS - Nasdaq - US7291321005 - Common Stock - Currency: USD
Taking everything into account, PLXS scores 6 out of 10 in our fundamental rating. PLXS was compared to 124 industry peers in the Electronic Equipment, Instruments & Components industry. PLXS has an average financial health and profitability rating. PLXS scores decently on growth, while it is valued quite cheap. This could make an interesting combination. These ratings could make PLXS a good candidate for value investing.
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.
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
With a decent Return On Assets value of 4.62%, PLXS is doing good in the industry, outperforming 70.16% of the companies in the same industry.
With a decent Return On Equity value of 10.56%, PLXS is doing good in the industry, outperforming 76.61% of the companies in the same industry.
PLXS has a better Return On Invested Capital (11.51%) than 87.10% of its industry peers.
The Average Return On Invested Capital over the past 3 years for PLXS is above the industry average of 9.31%.
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
With a decent Profit Margin value of 3.60%, PLXS is doing good in the industry, outperforming 67.74% of the companies in the same industry.
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 67.74% of its industry peers.
PLXS's Operating Margin has been stable in the last couple of years.
Looking at the Gross Margin, with a value of 10.10%, PLXS is doing worse than 79.84% 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 | 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
PLXS has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 3.88 indicates that PLXS is not in any danger for bankruptcy at the moment.
PLXS has a Altman-Z score of 3.88. This is in the better half of the industry: PLXS outperforms 64.52% of its industry peers.
PLXS has a debt to FCF ratio of 0.60. This is a very positive value and a sign of high solvency as it would only need 0.60 years to pay back of all of its debts.
PLXS's Debt to FCF ratio of 0.60 is amongst the best of the industry. PLXS outperforms 85.48% 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 has a Debt to Equity ratio of 0.07. This is comparable to the rest of the industry: PLXS outperforms 58.06% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.07 | ||
| Debt/FCF | 0.6 | ||
| Altman-Z | 3.88 |
ROIC/WACC1.3
WACC8.88%
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.
With a Current ratio value of 1.53, PLXS is not doing good in the industry: 74.19% of the companies in the same industry are doing better.
A Quick Ratio of 0.71 indicates that PLXS may have some problems paying its short term obligations.
PLXS has a worse Quick ratio (0.71) than 89.52% of its industry peers.
| 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 58.31% over the past year.
PLXS shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 7.42% yearly.
The Revenue has decreased by -5.93% in the past year.
Measured over the past years, PLXS shows a small growth in Revenue. The Revenue has been growing by 4.59% on average per year.
EPS 1Y (TTM)58.31%
EPS 3Y0.34%
EPS 5Y7.42%
EPS Q2Q%31.03%
Revenue 1Y (TTM)-5.93%
Revenue growth 3Y5.54%
Revenue growth 5Y4.59%
Sales Q2Q%5.99%
3.2 Future
PLXS is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 18.96% yearly.
Based on estimates for the next years, PLXS will show a small growth in Revenue. The Revenue will grow by 5.26% on average per year.
EPS Next Y44.71%
EPS Next 2Y25.52%
EPS Next 3Y18.96%
EPS Next 5YN/A
Revenue Next Year2.6%
Revenue Next 2Y5.29%
Revenue Next 3Y5.26%
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 stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 17.53, which indicates a rather expensive current valuation of PLXS.
Based on the Price/Earnings ratio, PLXS is valued cheaply inside the industry as 83.06% of the companies are valued more expensively.
PLXS is valuated rather cheaply when we compare the Price/Earnings ratio to 26.82, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 16.15, PLXS is valued correctly.
79.84% of the companies in the same industry are more expensive than PLXS, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of PLXS to the average of the S&P500 Index (36.21), we can say PLXS is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.53 | ||
| Fwd PE | 16.15 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, PLXS is valued a bit cheaper than the industry average as 79.84% of the companies are valued more expensively.
PLXS's Price/Free Cash Flow ratio is rather cheap when compared to the industry. PLXS is cheaper than 92.74% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.64 | ||
| EV/EBITDA | 11.94 |
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.
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 18.96% in the coming years.
PEG (NY)0.39
PEG (5Y)2.36
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 |
125.16
-2.34 (-1.84%)
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-0.51%
Ins Owners1.49%
Ins Owner Change3.43%
Market Cap3.39B
Analysts75.38
Price Target156.47 (25.02%)
Short Float %2.61%
Short Ratio3.99
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 | 17.53 | ||
| Fwd PE | 16.15 | ||
| P/S | 0.85 | ||
| P/FCF | 9.64 | ||
| P/OCF | 7.67 | ||
| P/B | 2.51 | ||
| P/tB | 2.51 | ||
| EV/EBITDA | 11.94 |
EPS(TTM)7.14
EY5.7%
EPS(NY)7.75
Fwd EY6.19%
FCF(TTM)12.98
FCFY10.37%
OCF(TTM)16.32
OCFY13.04%
SpS146.46
BVpS49.9
TBVpS49.9
PEG (NY)0.39
PEG (5Y)2.36
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 | 3.88 |
F-Score9
WACC8.88%
ROIC/WACC1.3
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)58.31%
EPS 3Y0.34%
EPS 5Y7.42%
EPS Q2Q%31.03%
EPS Next Y44.71%
EPS Next 2Y25.52%
EPS Next 3Y18.96%
EPS Next 5YN/A
Revenue 1Y (TTM)-5.93%
Revenue growth 3Y5.54%
Revenue growth 5Y4.59%
Sales Q2Q%5.99%
Revenue Next Year2.6%
Revenue Next 2Y5.29%
Revenue Next 3Y5.26%
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%