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Preformed Line Products

Nasdaq:PLPC
Snowflake Description

Excellent balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PLPC
Nasdaq
$245M
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

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. The last earnings update was 15 days ago. More info.


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PLPC Share Price and Events
7 Day Returns
-2.1%
NasdaqGS:PLPC
-1.7%
US Electrical
-1%
US Market
1 Year Returns
-40.1%
NasdaqGS:PLPC
-11.6%
US Electrical
-0.4%
US Market
PLPC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Preformed Line Products (PLPC) -2.1% -16.4% -4% -40.1% 18.7% -14.7%
US Electrical -1.7% -6.9% -4.4% -11.6% 14.4% 4.7%
US Market -1% -3.3% 0.4% -0.4% 30.4% 37.1%
1 Year Return vs Industry and Market
  • PLPC underperformed the Electrical industry which returned -11.6% over the past year.
  • PLPC underperformed the Market in United States of America which returned -0.4% over the past year.
Price Volatility
PLPC
Industry
5yr Volatility vs Market

Value

 Is Preformed Line Products undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Preformed Line Products to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Preformed Line Products.

NasdaqGS:PLPC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-06-30) in USD $ .800000
Payout Ratio Company Filings (2019-06-30) 2455.9%
Discount Rate (Cost of Equity) See below 10.8%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:PLPC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Electrical Unlevered Beta Simply Wall St/ S&P Global 1.16
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.157 (1 + (1- 21%) (31.9%))
1.353
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.35
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.353 * 5.96%)
10.79%

Discounted Cash Flow Calculation for NasdaqGS:PLPC using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Preformed Line Products is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

NasdaqGS:PLPC Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= $0.8 / (10.79% - 2.73%)
$9.92
NasdaqGS:PLPC Discount to Share Price
Calculation Result
Value per share (USD) From above. $9.92
Current discount Discount to share price of $48.80
= -1 x ($48.80 - $9.92) / $9.92
-391.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Preformed Line Products is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Preformed Line Products's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Preformed Line Products's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:PLPC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $4.78
NasdaqGS:PLPC Share Price ** NasdaqGS (2019-08-16) in USD $48.8
United States of America Electrical Industry PE Ratio Median Figure of 30 Publicly-Listed Electrical Companies 14.77x
United States of America Market PE Ratio Median Figure of 3,095 Publicly-Listed Companies 17.23x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Preformed Line Products.

NasdaqGS:PLPC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:PLPC Share Price ÷ EPS (both in USD)

= 48.8 ÷ 4.78

10.21x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Preformed Line Products is good value based on earnings compared to the US Electrical industry average.
  • Preformed Line Products is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Preformed Line Products's expected growth come at a high price?
Raw Data
NasdaqGS:PLPC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.21x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
15.8%per year
United States of America Electrical Industry PEG Ratio Median Figure of 18 Publicly-Listed Electrical Companies 1.07x
United States of America Market PEG Ratio Median Figure of 2,124 Publicly-Listed Companies 1.4x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Preformed Line Products, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Preformed Line Products's assets?
Raw Data
NasdaqGS:PLPC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $51.26
NasdaqGS:PLPC Share Price * NasdaqGS (2019-08-16) in USD $48.8
United States of America Electrical Industry PB Ratio Median Figure of 61 Publicly-Listed Electrical Companies 1.58x
United States of America Market PB Ratio Median Figure of 5,265 Publicly-Listed Companies 1.7x
NasdaqGS:PLPC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:PLPC Share Price ÷ Book Value per Share (both in USD)

= 48.8 ÷ 51.26

0.95x

* Primary Listing of Preformed Line Products.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Preformed Line Products is good value based on assets compared to the US Electrical industry average.
X
Value checks
We assess Preformed Line Products's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electrical industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electrical industry average (and greater than 0)? (1 check)
  5. Preformed Line Products has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

  • No analysts cover Preformed Line Products, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
15.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Preformed Line Products expected to grow at an attractive rate?
  • Preformed Line Products's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Preformed Line Products's earnings growth is expected to exceed the United States of America market average.
  • Unable to compare Preformed Line Products's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:PLPC Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:PLPC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 15.8%
United States of America Electrical Industry Earnings Growth Rate Market Cap Weighted Average 10.4%
United States of America Electrical Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:PLPC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:PLPC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 426 21 24
2019-03-31 420 25 23
2018-12-31 421 23 27
2018-09-30 412 19 22
2018-06-30 403 39 19
2018-03-31 392 34 17
2017-12-31 378 34 13
2017-09-30 368 27 17
2017-06-30 357 18 16
2017-03-31 343 23 14
2016-12-31 337 26 15
2016-09-30 342 33 13

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Preformed Line Products's earnings are expected to grow by 15.8% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Preformed Line Products is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:PLPC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Preformed Line Products Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:PLPC Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 4.78
2019-03-31 4.55
2018-12-31 5.28
2018-09-30 4.36
2018-06-30 3.80
2018-03-31 3.28
2017-12-31 2.48
2017-09-30 3.33
2017-06-30 3.03
2017-03-31 2.74
2016-12-31 2.95
2016-09-30 2.54

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Preformed Line Products will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Preformed Line Products's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Preformed Line Products has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Preformed Line Products's growth in the last year to its industry (Electrical).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Preformed Line Products's year on year earnings growth rate has been positive over the past 5 years.
  • Preformed Line Products's 1-year earnings growth exceeds its 5-year average (25% vs 18.4%)
  • Preformed Line Products's earnings growth has exceeded the US Electrical industry average in the past year (25% vs 20.1%).
Earnings and Revenue History
Preformed Line Products's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Preformed Line Products Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:PLPC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 425.82 24.05 83.89 16.37
2019-03-31 419.89 22.88 82.71 15.59
2018-12-31 420.88 26.58 81.76 15.11
2018-09-30 412.36 22.02 80.35 14.52
2018-06-30 403.19 19.24 79.73 14.33
2018-03-31 391.78 16.66 78.37 14.30
2017-12-31 378.21 12.65 77.21 14.33
2017-09-30 367.75 17.05 76.40 14.07
2017-06-30 356.81 15.52 75.00 13.98
2017-03-31 342.52 14.12 74.75 13.98
2016-12-31 336.63 15.26 73.86 14.03
2016-09-30 342.16 13.20 72.49 14.34
2016-06-30 342.91 8.66 69.80 14.64
2016-03-31 347.56 9.59 67.80 14.90
2015-12-31 354.67 6.68 67.47 14.88
2015-09-30 358.88 6.12 69.51 15.27
2015-06-30 371.94 8.47 73.20 15.93
2015-03-31 384.05 9.87 75.95 16.25
2014-12-31 388.19 12.86 78.22 16.30
2014-09-30 390.55 13.51 78.20 16.01
2014-06-30 389.28 17.05 77.86 15.33
2014-03-31 401.01 18.36 79.38 14.71
2013-12-31 409.78 20.59 80.26 14.71
2013-09-30 415.43 22.73 79.84 15.21
2013-06-30 428.81 25.91 82.72 15.39
2013-03-31 429.04 26.12 82.95 15.56
2012-12-31 439.19 29.29 83.32 15.45
2012-09-30 441.09 32.95 83.08 14.84

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Preformed Line Products has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Preformed Line Products used its assets less efficiently than the US Electrical industry average last year based on Return on Assets.
  • Preformed Line Products has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Preformed Line Products's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electrical industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Preformed Line Products has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Preformed Line Products's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Preformed Line Products's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Preformed Line Products is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Preformed Line Products's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Preformed Line Products's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Preformed Line Products Company Filings, last reported 1 month ago.

NasdaqGS:PLPC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 257.81 67.35 41.26
2019-03-31 250.20 51.04 45.76
2018-12-31 249.37 35.45 45.26
2018-09-30 246.41 37.92 35.81
2018-06-30 239.53 41.48 41.40
2018-03-31 247.02 47.08 45.49
2017-12-31 238.54 36.91 44.36
2017-09-30 244.65 34.84 39.16
2017-06-30 236.60 39.40 28.00
2017-03-31 230.13 47.43 31.03
2016-12-31 223.54 45.71 30.74
2016-09-30 226.47 46.12 32.94
2016-06-30 223.02 46.98 28.14
2016-03-31 224.27 36.79 31.36
2015-12-31 218.98 32.28 30.39
2015-09-30 220.59 32.79 26.87
2015-06-30 235.43 33.29 30.73
2015-03-31 233.37 32.59 30.53
2014-12-31 242.93 33.67 29.64
2014-09-30 252.59 33.49 28.72
2014-06-30 262.73 34.88 24.59
2014-03-31 256.41 35.02 21.17
2013-12-31 252.33 14.35 24.29
2013-09-30 251.06 15.64 31.15
2013-06-30 242.80 12.71 31.20
2013-03-31 246.84 16.36 27.02
2012-12-31 241.07 9.79 28.12
2012-09-30 235.21 16.02 28.12
  • Preformed Line Products's level of debt (26.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (13.2% vs 26.1% today).
  • Debt is well covered by operating cash flow (31.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 30.4x coverage).
X
Financial health checks
We assess Preformed Line Products's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Preformed Line Products has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.64%
Current annual income from Preformed Line Products dividends.
If you bought $2,000 of Preformed Line Products shares you are expected to receive $33 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Preformed Line Products's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).
  • Preformed Line Products's dividend is below the markets top 25% of dividend payers in United States of America (3.84%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:PLPC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Electrical Industry Average Dividend Yield Market Cap Weighted Average of 20 Stocks 2.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2009 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:PLPC Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-06-20 0.800 1.473
2019-03-14 0.800 1.532
2018-12-13 0.800 1.417
2018-09-13 0.800 1.172
2018-06-12 0.800 0.951
2018-03-19 0.800 1.141
2017-12-15 0.800 1.130
2017-09-20 0.800 1.103
2017-06-20 0.800 1.598
2017-03-17 0.800 1.614
2016-12-20 0.800 1.532
2016-09-14 0.800 1.678
2016-06-17 0.800 1.876
2016-03-22 0.800 2.014
2015-12-10 0.800 2.170
2015-09-14 0.800 2.005
2015-06-12 0.800 2.285
2015-03-19 0.800 1.924
2014-12-11 0.800 1.668
2014-09-16 0.800 1.561
2014-06-10 0.800 1.451
2014-03-19 0.800 1.349
2013-12-11 0.800 1.201
2013-09-19 0.800 1.102
2013-06-20 0.800 1.140
2012-12-13 0.800 1.156
2012-09-17 0.800 1.456
2012-06-13 0.800 1.419
2012-03-06 0.800 1.351
2011-12-15 0.800 1.262
2011-09-20 0.800 1.514
2011-08-09 0.800 1.499
2011-08-08 0.800 1.383
2011-05-06 0.800 1.166
2011-05-04 0.800 1.157
2011-03-11 0.800 1.192
2011-03-10 0.800 1.323
2010-11-05 0.800 1.390
2010-11-04 0.800 1.696
2010-08-05 0.800 2.285
2010-05-06 0.800 2.607
2010-04-30 0.800 2.453
2010-03-15 0.800 2.122
2009-09-21 0.800 2.048
2009-08-07 0.800 2.182
2009-02-24 0.800 2.115
2008-12-17 0.800 2.128
2008-09-18 0.800 1.916

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • No dividend growth in 10 years.
Current Payout to shareholders
What portion of Preformed Line Products's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (6x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Preformed Line Products's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Preformed Line Products afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Preformed Line Products has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Preformed Line Products's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Rob Ruhlman
COMPENSATION $4,266,967
AGE 62
TENURE AS CEO 19.1 years
CEO Bio

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 2004, July 2000 and 1995 respectively. Mr. Ruhlman served as Chief Operating Officer of Preformed Line Products Company from 1995 until July 2000. He joined Preformed Line Products Co, in 1979 as an engineer in the Marine Products Division. He served as Vice President of Corporate Planning of Preformed Line Products Company from 1989 until Executive Vice President since 1992. He has been Director of Preformed Line Products Company since 1992.

CEO Compensation
  • Rob's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Rob's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Preformed Line Products management team in years:

7.3
Average Tenure
54
Average Age
  • The average tenure for the Preformed Line Products management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Rob Ruhlman

TITLE
Chairman
COMPENSATION
$4M
AGE
62
TENURE
19.1 yrs

Michael Weisbarth

TITLE
VP of Finance & Treasurer
COMPENSATION
$857K
AGE
54
TENURE
2.2 yrs

Dennis McKenna

TITLE
Chief Operating Officer
COMPENSATION
$1M
AGE
52
TENURE
0.6 yrs

William Haag

TITLE
Vice President of Asia Pacific Region
COMPENSATION
$989K
AGE
55
TENURE
20.3 yrs

David Sunkle

TITLE
Vice President of Research & Engineering and Manufacturing
COMPENSATION
$1M
AGE
60
TENURE
12.6 yrs

Thomas Peterson

TITLE

Caroline Vaccariello

TITLE
General Counsel & Corporate Secretary
AGE
52
TENURE
12.6 yrs

John Hofstetter

TITLE
Vice President of Sales
AGE
54
TENURE
7.3 yrs

Jon Ruhlman

TITLE
VP of Marketing & Business Development and Director
AGE
36
TENURE
3.7 yrs

Tim O’Shaughnessy

TITLE
Vice President of Human Resources
AGE
48
TENURE
0.6 yrs
Board of Directors Tenure

Average tenure and age of the Preformed Line Products board of directors in years:

10.5
Average Tenure
64
Average Age
  • The average tenure for the Preformed Line Products board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Rob Ruhlman

TITLE
Chairman
COMPENSATION
$4M
AGE
62
TENURE
15.1 yrs

Jon Ruhlman

TITLE
VP of Marketing & Business Development and Director
AGE
36
TENURE
4.1 yrs

Glenn Corlett

TITLE
Independent Director
COMPENSATION
$77K
AGE
75
TENURE
14.8 yrs

Michael Gibbons

TITLE
Independent Director
COMPENSATION
$77K
AGE
66
TENURE
11.5 yrs

R. Kestner

TITLE
Independent Director
COMPENSATION
$25K
AGE
64
TENURE
11.5 yrs

Richard Gascoigne

TITLE
Independent Director
COMPENSATION
$67K
AGE
69
TENURE
10.5 yrs

Maegan Ruhlman Cross

TITLE
Director
COMPENSATION
$49K
AGE
34
TENURE
3 yrs

Matthew Frymier

TITLE
Director
COMPENSATION
$67K
AGE
49
TENURE
3 yrs

Barbara Ruhlman

TITLE
Director Emeritus
COMPENSATION
$19K
AGE
86
TENURE
3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
23. Jan 19 Buy Michael Gibbons Individual 22. Jan 19 22. Jan 19 16 $58.26 $932
23. Oct 18 Buy Michael Gibbons Individual 22. Oct 18 22. Oct 18 12 $71.08 $853
X
Management checks
We assess Preformed Line Products's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Preformed Line Products has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Is Preformed Line Products Company (NASDAQ:PLPC) A Smart Pick For Income Investors?

Is Preformed Line Products Company (NASDAQ:PLPC) a good dividend stock? … For the purpose of this article, we only scrutinise the last decade of Preformed Line Products's dividend payments. … Preformed Line Products's dividend payout ratios are within normal bounds, although we note its cash flow is not as strong as the income statement would suggest.

Simply Wall St -

Where Preformed Line Products Company (NASDAQ:PLPC) Stands In Terms Of Earnings Growth Against Its Industry

Today I will examine Preformed Line Products Company's (NASDAQ:PLPC) latest earnings update (31 March 2019) and compare these figures against its performance over the past couple of years, in addition to how the rest of PLPC's industry performed. … See our latest analysis for Preformed Line Products How PLPC fared against its long-term earnings performance and its industry PLPC's trailing twelve-month earnings (from 31 March 2019) of US$23m has jumped 37% compared to the previous year. … You should continue to research Preformed Line Products to get a more holistic view of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for PLPC’s future growth?

Simply Wall St -

Should Preformed Line Products Company (NASDAQ:PLPC) Be Your Next Stock Pick?

I've been keeping an eye on Preformed Line Products Company (NASDAQ:PLPC) because I'm attracted to its fundamentals. … If you're interested in understanding beyond my broad commentary, read the full report on Preformed Line Products here. … NasdaqGS:PLPC Income Statement, July 22nd 2019 Next Steps: For Preformed Line Products, I've compiled three key factors you should further research: Future Outlook: What are well-informed industry analysts predicting for PLPC’s future growth?

Simply Wall St -

Should We Be Cautious About Preformed Line Products Company's (NASDAQ:PLPC) ROE Of 9.1%?

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Preformed Line Products: 9.1% = US$23m ÷ US$250m (Based on the trailing twelve months to March 2019.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … Does Preformed Line Products Have A Good Return On Equity? … Preformed Line Products's Debt And Its 9.1% ROE While Preformed Line Products does have some debt, with debt to equity of just 0.20, we wouldn't say debt is excessive.

Simply Wall St -

How Does Investing In Preformed Line Products Company (NASDAQ:PLPC) Impact The Volatility Of Your Portfolio?

If you're interested in Preformed Line Products Company (NASDAQ:PLPC), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … If this beta value holds true in the future, Preformed Line Products shares are likely to rise more than the market when the market is going up, but fall faster when the market is going down. … What this means for you: Beta only tells us that the Preformed Line Products share price is sensitive to broader market movements.

Simply Wall St -

Why Preformed Line Products Company’s (NASDAQ:PLPC) Return On Capital Employed Looks Uninspiring

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Preformed Line Products: 0.086 = US$27m ÷ (US$387m - US$71m) (Based on the trailing twelve months to March 2019.) So, Preformed Line Products has an ROCE of 8.6%. … See our latest analysis for Preformed Line Products Is Preformed Line Products's ROCE Good? … How Preformed Line Products's Current Liabilities Impact Its ROCE Current liabilities include invoices, such as supplier payments, short-term debt, or a tax bill, that need to be paid within 12 months.

Simply Wall St -

Do You Like Preformed Line Products Company (NASDAQ:PLPC) At This P/E Ratio?

Looking at earnings over the last twelve months, Preformed Line Products has a P/E ratio of 10.95. … The formula for P/E is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Preformed Line Products: P/E of 10.95 = $49.8 ÷ $4.55 (Based on the year to March 2019.) Is A High Price-to-Earnings Ratio Good? … Preformed Line Products increased earnings per share by a whopping 39% last year.

Simply Wall St -

What Did Preformed Line Products Company's (NASDAQ:PLPC) CEO Take Home Last Year?

View our latest analysis for Preformed Line Products How Does Rob Ruhlman's Compensation Compare With Similar Sized Companies? … At the time of writing our data says that Preformed Line Products Company has a market cap of US$251m, and is paying total annual CEO compensation of US$4.3m. … We examined the amount Preformed Line Products Company pays its CEO, and compared it to the amount paid by similar sized companies.

Simply Wall St -

Investors Who Bought Preformed Line Products (NASDAQ:PLPC) Shares Three Years Ago Are Now Up 36%

Unfortunately for shareholders, while the Preformed Line Products Company (NASDAQ:PLPC) share price is up 36% in the last three years, that falls short of the market return. … One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. … Preformed Line Products was able to grow its EPS at 36% per year over three years, sending the share price higher.

Simply Wall St -

Why Dividend Hunters Love Preformed Line Products Company (NASDAQ:PLPC)

Is Preformed Line Products Company (NASDAQ:PLPC) a good dividend stock? … A 1.5% yield is nothing to get excited about, but investors probably think the long payment history suggests Preformed Line Products has some staying power. … There are a few simple ways to reduce the risks of buying Preformed Line Products for its dividend, and we'll go through these below.

Simply Wall St -

Company Info

Description

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.

Details
Name: Preformed Line Products Company
PLPC
Exchange: NasdaqGS
Founded: 1947
$245,472,832
5,030,181
Website: http://www.preformed.com
Address: Preformed Line Products Company
660 Beta Drive,
Mayfield Village,
Ohio, 44143,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS PLPC Common Shares Nasdaq Global Select US USD 26. Oct 1990
Number of employees
Current staff
Staff numbers
2,650
Preformed Line Products employees.
Industry
Electrical Components and Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/08/17 23:44
End of day share price update: 2019/08/16 00:00
Last earnings filing: 2019/08/02
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.