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.
Excellent balance sheet and fair value.
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's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: PLPC underperformed the US Electrical industry which returned -19.8% over the past year.
Return vs Market: PLPC underperformed the US Market which returned -10% over the past year.
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
1 day ago | Simply Wall StHere's What You Should Know About Preformed Line Products Company's (NASDAQ:PLPC) 1.9% Dividend Yield
3 weeks ago | Simply Wall StA Sliding Share Price Has Us Looking At Preformed Line Products Company's (NASDAQ:PLPC) P/E Ratio
3 weeks ago | Simply Wall StInterested In Preformed Line Products Company (NASDAQ:PLPC)? Here's How It Performed Recently
Is Preformed Line Products undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: PLPC ($38.43) is trading above our estimate of fair value ($10.88)
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 (8.3x) compared to the Electrical industry average (14.7x).
PE vs Market: PLPC is good value based on its PE Ratio (8.3x) compared to the US market (13x).
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 (0.7x) compared to the US Electrical industry average (1.3x).
How is Preformed Line Products forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
- Examine whether Preformed Line Products is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Explore growth companies in the Capital Goods industry.
How has Preformed Line Products performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PLPC has high quality earnings.
Growing Profit Margin: PLPC's current net profit margins (5.2%) are lower than last year (6.3%).
Past Earnings Growth Analysis
Earnings Trend: PLPC's earnings have grown significantly by 23.2% per year over the past 5 years.
Accelerating Growth: PLPC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: PLPC had negative earnings growth (-12.3%) over the past year, making it difficult to compare to the Electrical industry average (-1.4%).
Return on Equity
High ROE: PLPC's Return on Equity (8.7%) is considered low.
How is Preformed Line Products's financial position?
Financial Position Analysis
Short Term Liabilities: PLPC's short term assets ($232.0M) exceed its short term liabilities ($81.1M).
Long Term Liabilities: PLPC's short term assets ($232.0M) exceed its long term liabilities ($83.9M).
Debt to Equity History and Analysis
Debt Level: PLPC's debt to equity ratio (24.5%) is considered satisfactory.
Reducing Debt: PLPC's debt to equity ratio has increased from 13.1% to 24.5% over the past 5 years.
Debt Coverage: PLPC's debt is well covered by operating cash flow (41.4%).
Interest Coverage: PLPC's interest payments on its debt are well covered by EBIT (22.8x coverage).
What is Preformed Line Products's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PLPC's dividend (2.08%) is higher than the bottom 25% of dividend payers in the US market (1.93%).
High Dividend: PLPC's dividend (2.08%) is low compared to the top 25% of dividend payers in the US market (5.46%).
Stability and Growth of Payments
Stable Dividend: PLPC's dividends per share have been stable in the past 10 years.
Growing Dividend: PLPC's dividend payments have not increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (17.3%), PLPC's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Rob Ruhlman (62yo)
Mr. Robert G. Ruhlman, also known as Rob, is the Co-Owner at Barbara P Ruhlman Revocable Trust. He has been the Chairman, Chief Executive Officer and President of Preformed Line Products Company since July ...
CEO Compensation Analysis
Compensation vs Market: Rob's total compensation ($USD4.79M) is above average for companies of similar size in the US market ($USD1.51M).
Compensation vs Earnings: Rob's compensation has been consistent with company performance over the past year.
|Vice President of Finance & Treasurer||2.92yrs||US$898.34k||no data|
|Chief Operating Officer||1.25yrs||US$1.62m||0.15% $361.2k|
|no data||no data||no data|
|General Counsel & Corporate Secretary||13.25yrs||no data||no data|
|Vice President of Sales||8yrs||no data||0.18% $436.2k|
|VP of Marketing & Business Development and Director||4.75yrs||no data||0.12% $295.8k|
|Vice President of Human Resources||1.25yrs||no data||0.0018% $4.3k|
Experienced Management: PLPC's management team is considered experienced (4.3 years average tenure).
|VP of Marketing & Business Development and Director||4.75yrs||no data||0.12% $295.8k|
|Independent Director||12.17yrs||US$40.00k||0.12% $288.3k|
|Independent Director||12.17yrs||US$118.28k||0.11% $265.4k|
|Independent Director||15.5yrs||US$118.28k||0.078% $184.2k|
|Director Emeritus||3.67yrs||US$18.75k||28.2% $66.8m|
|Independent Director||3.67yrs||US$108.28k||0.020% $47.2k|
|Independent Director||11.17yrs||US$108.28k||0.068% $160.6k|
Experienced Board: PLPC's board of directors are seasoned and experienced ( 11.2 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Preformed Line Products Company's company bio, employee growth, exchange listings and data sources
- Name: Preformed Line Products Company
- Ticker: PLPC
- Exchange: NasdaqGS
- Founded: 1947
- Industry: Electrical Components and Equipment
- Sector: Capital Goods
- Market Cap: US$236.987m
- Shares outstanding: 5.02m
- Website: https://www.preformed.com
Number of Employees
- Preformed Line Products Company
- 660 Beta Drive
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|PLPC||NasdaqGS (Nasdaq Global Select)||Yes||Common Shares||US||USD||Oct 1990|
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. It offers formed wire products to support, protect, terminate, and secure power conductor and communication cables, as well as to control cable dynamics; and hardware products to support and protect transmission conductors, spacers, spacer-dampers, stockbridge dampers, corona suppression devices, and various compression fittings for dead-end applications. The company also provides protective closures and splice cases to protect fixed line communication networks, such as copper cable or fiber optic cable from moisture, environmental hazards, and other contaminants; and data communication cabinets, hardware assemblies, pole line hardware, resale products, underground connectors, solar hardware systems, guy markers, tree guards, fiber optic cable markers, pedestal markers, and urethane products that are used by energy, renewable energy, communications, cable, and special industries for various applications. It serves public and private energy utilities and communication companies, cable operators, financial institutions, governmental agencies, contractors and subcontractors, distributors, and value-added resellers in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company markets its products through a direct sales force, as well as through manufacturing representatives. Preformed Line Products Company was founded in 1947 and is headquartered in Mayfield Village, Ohio.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/10 05:40|
|End of Day Share Price||2020/04/09 00:00|
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.