NasdaqGS:PLPC

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Executive Summary

Preformed Line Products Company, together with its subsidiaries, designs and manufactures products and systems used in the construction and maintenance of overhead and underground networks for the energy, telecommunication, cable operator, information, and other industries.

Rewards

PE ratio (10.4x) is below the US market (19.2x)

Earnings grew by 15.5% over the past year

Risk Analysis

PLPC passed our risk checks.


Snowflake Analysis

Excellent balance sheet with proven track record.


Similar Companies

Share Price & News

How has Preformed Line Products's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PLPC has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

12.8%

PLPC

4.6%

US Electrical

-0.04%

US Market


1 Year Return

18.8%

PLPC

29.2%

US Electrical

17.1%

US Market

Return vs Industry: PLPC underperformed the US Electrical industry which returned 27.1% over the past year.

Return vs Market: PLPC exceeded the US Market which returned 16.8% over the past year.


Shareholder returns

PLPCIndustryMarket
7 Day12.8%4.6%-0.04%
30 Day14.8%16.1%5.1%
90 Day29.1%36.1%19.5%
1 Year20.6%18.8%31.7%29.2%19.6%17.1%
3 Year17.9%13.3%40.5%32.8%42.5%33.3%
5 Year89.4%75.4%36.9%26.6%75.1%56.2%

Price Volatility Vs. Market

How volatile is Preformed Line Products's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Preformed Line Products undervalued compared to its fair value and its price relative to the market?

10.44x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: PLPC ($57.96) is trading above our estimate of fair value ($9.76)

Significantly Below Fair Value: PLPC is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: PLPC is good value based on its PE Ratio (10.4x) compared to the US Electrical industry average (23.6x).

PE vs Market: PLPC is good value based on its PE Ratio (10.4x) compared to the US market (19.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PLPC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PLPC is good value based on its PB Ratio (1.1x) compared to the US Electrical industry average (2.5x).


Next Steps

Future Growth

How is Preformed Line Products forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

21.2%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Preformed Line Products has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Preformed Line Products performed over the past 5 years?

24.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PLPC has high quality earnings.

Growing Profit Margin: PLPC's current net profit margins (6.1%) are higher than last year (5.6%).


Past Earnings Growth Analysis

Earnings Trend: PLPC's earnings have grown significantly by 24.6% per year over the past 5 years.

Accelerating Growth: PLPC's earnings growth over the past year (15.5%) is below its 5-year average (24.6% per year).

Earnings vs Industry: PLPC earnings growth over the past year (15.5%) exceeded the Electrical industry -20.9%.


Return on Equity

High ROE: PLPC's Return on Equity (10.5%) is considered low.


Next Steps

Financial Health

How is Preformed Line Products's financial position?


Financial Position Analysis

Short Term Liabilities: PLPC's short term assets ($238.2M) exceed its short term liabilities ($84.3M).

Long Term Liabilities: PLPC's short term assets ($238.2M) exceed its long term liabilities ($87.8M).


Debt to Equity History and Analysis

Debt Level: PLPC's debt to equity ratio (27.6%) is considered satisfactory.

Reducing Debt: PLPC's debt to equity ratio has increased from 13% to 27.6% over the past 5 years.

Debt Coverage: PLPC's debt is well covered by operating cash flow (42%).

Interest Coverage: PLPC's interest payments on its debt are well covered by EBIT (17.9x coverage).


Balance Sheet


Next Steps

Dividend

What is Preformed Line Products's current dividend yield, its reliability and sustainability?

1.38%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PLPC's dividend (1.38%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.62%).

High Dividend: PLPC's dividend (1.38%) is low compared to the top 25% of dividend payers in the US market (4.29%).


Stability and Growth of Payments

Stable Dividend: PLPC's dividends per share have been stable in the past 10 years.

Growing Dividend: PLPC's dividend payments have not increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (14.4%), PLPC's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.7yrs

Average management tenure


CEO

Rob Ruhlman (63 yo)

20.08yrs

Tenure

US$4,794,251

Compensation

Mr. Robert G. Ruhlman, also known as Rob, is the Co-Owner at Barbara P Ruhlman Revocable Trust. He has been the Chairman, Chief Executive Officer and President of Preformed Line Products Company since July ...


CEO Compensation Analysis

Compensation vs Market: Rob's total compensation ($USD4.79M) is above average for companies of similar size in the US market ($USD1.27M).

Compensation vs Earnings: Rob's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Robert Ruhlman
Chairman20.08yrsUS$4.79m5.55%
$ 15.8m
Dennis McKenna
Chief Operating Officer1.58yrsUS$1.62m0.16%
$ 443.2k
Thomas Peterson
no datano datano data
Andrew Klaus
Chief Financial Officer0.33yrno data0.082%
$ 232.7k
Caroline Vaccariello
General Counsel & Corporate Secretary13.58yrsno datano data
John Hofstetter
Vice President of Sales8.33yrsno data0.19%
$ 535.1k
Jon Ruhlman
VP of Marketing & Business Development and Director5.08yrsno data0.13%
$ 362.9k
Timothy O'Shaughnessy
Vice President of Human Resources1.58yrsno data0.0019%
$ 5.3k

4.7yrs

Average Tenure

53yo

Average Age

Experienced Management: PLPC's management team is considered experienced (4.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Robert Ruhlman
Chairman20.08yrsUS$4.79m5.55%
$ 15.8m
Jon Ruhlman
VP of Marketing & Business Development and Director5.08yrsno data0.13%
$ 362.9k
R. Kestner
Independent Director12.5yrsUS$40.00k0.12%
$ 353.7k
Michael Gibbons
Independent Director12.5yrsUS$118.28k0.12%
$ 328.1k
Glenn Corlett
Independent Director15.83yrsUS$118.28k0.079%
$ 226.0k
Barbara Ruhlman
Director Emeritus4yrsUS$18.75k28.78%
$ 82.0m
Matthew Frymier
Independent Director4yrsUS$108.28k0.020%
$ 57.9k
Richard Gascoigne
Independent Director11.5yrsUS$108.28k0.069%
$ 197.1k
Maegan Ruhlman Cross
Director4yrsUS$40.00k0.16%
$ 448.7k

11.5yrs

Average Tenure

65yo

Average Age

Experienced Board: PLPC's board of directors are seasoned and experienced ( 11.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: PLPC insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Preformed Line Products Company's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Preformed Line Products Company
  • Ticker: PLPC
  • Exchange: NasdaqGS
  • Founded: 1947
  • Industry: Electrical Components and Equipment
  • Sector: Capital Goods
  • Market Cap: US$284.880m
  • Shares outstanding: 4.92m
  • Website: https://www.preformed.com

Number of Employees


Location

  • Preformed Line Products Company
  • 660 Beta Drive
  • Mayfield
  • Ohio
  • 44143
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PLPCNasdaqGS (Nasdaq Global Select)YesCommon SharesUSUSDOct 1990

Biography

Preformed Line Products Company, together with its subsidiaries, designs and manufactures products and systems used in the construction and maintenance of overhead and underground networks for the energy, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/11 23:42
End of Day Share Price2020/08/11 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.