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ePlus

Nasdaq:PLUS
Snowflake Description

Mediocre balance sheet with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PLUS
Nasdaq
$1B
Market Cap
  1. Home
  2. US
  3. Tech
Company description

ePlus inc., through its subsidiaries, provides information technology solutions that enable organizations to optimize their information technology (IT) environment and supply chain processes in the United States. The last earnings update was 68 days ago. More info.


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PLUS Share Price and Events
7 Day Returns
2.1%
NasdaqGS:PLUS
1.8%
US Electronic
0.4%
US Market
1 Year Returns
15.2%
NasdaqGS:PLUS
9.7%
US Electronic
6.8%
US Market
PLUS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
ePlus (PLUS) 2.1% 3.4% 25.3% 15.2% 126.1% 204.5%
US Electronic 1.8% 5.2% 20% 9.7% 65.9% 65.4%
US Market 0.4% 2.6% 11% 6.8% 38.1% 45.7%
1 Year Return vs Industry and Market
  • PLUS outperformed the Electronic industry which returned 9.7% over the past year.
  • PLUS outperformed the Market in United States of America which returned 6.8% over the past year.
Price Volatility
PLUS
Industry
5yr Volatility vs Market
Related Companies

Value

 Is ePlus 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 ePlus 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 ePlus.

NasdaqGS:PLUS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.5%
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:PLUS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.067 (1 + (1- 21%) (15.16%))
1.131
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.13
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.131 * 5.96%)
9.47%

Discounted Cash Flow Calculation for NasdaqGS:PLUS using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for ePlus is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGS:PLUS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.47%)
2019 39.50 Analyst x1 36.08
2020 48.30 Analyst x2 40.31
2021 75.65 Analyst x2 57.67
2022 66.00 Analyst x1 45.96
2023 84.00 Analyst x1 53.44
2024 85.00 Analyst x1 49.40
2025 86.40 Est @ 1.65% 45.87
2026 88.10 Est @ 1.97% 42.73
2027 90.04 Est @ 2.2% 39.89
2028 92.16 Est @ 2.36% 37.30
Present value of next 10 years cash flows $448.63
NasdaqGS:PLUS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $92.16 × (1 + 2.73%) ÷ (9.47% – 2.73%)
$1,405.13
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,405.13 ÷ (1 + 9.47%)10
$568.65
NasdaqGS:PLUS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $448.63 + $568.65
$1,017.28
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,017.28 / 13.61
$74.74
NasdaqGS:PLUS Discount to Share Price
Calculation Result
Value per share (USD) From above. $74.74
Current discount Discount to share price of $92.64
= -1 x ($92.64 - $74.74) / $74.74
-24%

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

  • The current share price of ePlus 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 ePlus's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are ePlus's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:PLUS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $4.22
NasdaqGS:PLUS Share Price ** NasdaqGS (2019-04-16) in USD $92.64
United States of America Electronic Industry PE Ratio Median Figure of 92 Publicly-Listed Electronic Companies 21.56x
United States of America Market PE Ratio Median Figure of 3,072 Publicly-Listed Companies 18.08x

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

** Primary Listing of ePlus.

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

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

= 92.64 ÷ 4.22

21.94x

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

  • ePlus is overvalued based on earnings compared to the US Electronic industry average.
  • ePlus is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does ePlus's expected growth come at a high price?
Raw Data
NasdaqGS:PLUS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 21.94x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
8.1%per year
United States of America Electronic Industry PEG Ratio Median Figure of 58 Publicly-Listed Electronic Companies 1.69x
United States of America Market PEG Ratio Median Figure of 2,107 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

NasdaqGS:PLUS PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 21.94x ÷ 8.1%

2.71x

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

  • ePlus is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on ePlus's assets?
Raw Data
NasdaqGS:PLUS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $30.00
NasdaqGS:PLUS Share Price * NasdaqGS (2019-04-16) in USD $92.64
United States of America Electronic Industry PB Ratio Median Figure of 147 Publicly-Listed Electronic Companies 2.19x
United States of America Market PB Ratio Median Figure of 5,176 Publicly-Listed Companies 1.91x
NasdaqGS:PLUS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 92.64 ÷ 30.00

3.09x

* Primary Listing of ePlus.

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

  • ePlus is overvalued based on assets compared to the US Electronic industry average.
X
Value checks
We assess ePlus'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 Electronic 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 Electronic industry average (and greater than 0)? (1 check)
  5. ePlus has a total score of 0/6, 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 ePlus expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

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
8.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is ePlus expected to grow at an attractive rate?
  • ePlus's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • ePlus's earnings growth is positive but not above the United States of America market average.
  • ePlus's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:PLUS Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:PLUS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 8.1%
NasdaqGS:PLUS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 4%
United States of America Electronic Industry Earnings Growth Rate Market Cap Weighted Average 16.9%
United States of America Electronic Industry Revenue Growth Rate Market Cap Weighted Average 5.6%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*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:PLUS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:PLUS Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 1,700 1
2023-03-31 1,667 1
2022-03-31 1,618 1
2021-03-31 1,548 80 70 2
2020-03-31 1,520 53 63 4
2019-03-31 1,403 34 60 4
NasdaqGS:PLUS Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 1,369 36 57
2018-09-30 1,368 52 58
2018-06-30 1,394 37 57
2018-03-31 1,411 83 55
2017-12-31 1,422 52 57
2017-09-30 1,404 90 54
2017-06-30 1,404 42 53
2017-03-31 1,329 33 51
2016-12-31 1,296 62 50
2016-09-30 1,268 -8 48
2016-06-30 1,233 -21 47
2016-03-31 1,204 14 45

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • ePlus's earnings are expected to grow by 8.1% yearly, however this is not considered high growth (20% yearly).
  • ePlus's revenue is expected to grow by 4% yearly, however this is not considered high growth (20% yearly).
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:PLUS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from ePlus Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:PLUS Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31
2021-03-31 5.33 5.55 5.10 2.00
2020-03-31 4.69 4.83 4.53 3.00
2019-03-31 4.45 4.49 4.39 3.00
NasdaqGS:PLUS Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 4.22
2018-09-30 4.25
2018-06-30 4.16
2018-03-31 4.00
2017-12-31 4.10
2017-09-30 3.89
2017-06-30 3.86
2017-03-31 3.65
2016-12-31 3.56
2016-09-30 3.35
2016-06-30 3.23
2016-03-31 3.08

*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.
  • ePlus is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess ePlus'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.
ePlus has a total score of 1/6, 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 ePlus 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 ePlus's growth in the last year to its industry (Electronic).
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.
  • ePlus's year on year earnings growth rate has been positive over the past 5 years.
  • ePlus's 1-year earnings growth is less than its 5-year average (0.6% vs 9.4%)
  • ePlus's earnings growth has not exceeded the US Electronic industry average in the past year (0.6% vs 62.1%).
Earnings and Revenue History
ePlus'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 ePlus Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:PLUS Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,369.29 57.04 219.56
2018-09-30 1,367.85 57.75 217.23
2018-06-30 1,394.17 56.97 216.43
2018-03-31 1,411.00 55.12 213.41
2017-12-31 1,421.71 56.72 210.27
2017-09-30 1,404.14 53.75 204.67
2017-06-30 1,404.24 53.31 199.62
2017-03-31 1,329.39 50.56 193.33
2016-12-31 1,296.03 50.02 186.65
2016-09-30 1,268.01 47.70 180.69
2016-06-30 1,232.84 46.60 173.51
2016-03-31 1,204.20 44.75 167.99
2015-12-31 1,172.06 43.70 158.07
2015-09-30 1,179.66 48.90 157.80
2015-06-30 1,140.84 45.17 156.77
2015-03-31 1,143.28 45.78 155.20
2014-12-31 1,135.93 45.04 237.38
2014-09-30 1,096.87 40.09 202.69
2014-06-30 1,070.52 36.67 171.00
2014-03-31 1,057.54 34.97 137.25
2013-12-31 1,033.94 34.33 26.25
2013-09-30 1,008.78 32.81 25.88
2013-06-30 997.71 34.08 25.03
2013-03-31 983.11 34.16 125.64
2012-12-31 965.80 30.34 19.72
2012-09-30 947.80 29.43 20.33
2012-06-30 891.41 26.71 20.34

*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.
  • ePlus has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • ePlus used its assets more efficiently than the US Electronic industry average last year based on Return on Assets.
  • ePlus's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess ePlus'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 Electronic 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.
ePlus has a total score of 2/6, 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 ePlus'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 ePlus's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • ePlus is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • ePlus's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of ePlus'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 3.2x 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 ePlus Company Filings, last reported 3 months ago.

NasdaqGS:PLUS Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 409.18 191.13 84.33
2018-09-30 399.28 186.06 75.65
2018-06-30 379.85 184.18 57.48
2018-03-31 372.60 164.39 118.20
2017-12-31 383.61 139.25 76.11
2017-09-30 376.06 157.34 60.19
2017-06-30 357.03 175.43 98.24
2017-03-31 345.92 170.04 109.76
2016-12-31 333.80 174.85 69.68
2016-09-30 319.70 207.49 48.04
2016-06-30 309.75 201.44 78.81
2016-03-31 318.88 169.32 94.77
2015-12-31 316.67 177.56 66.57
2015-09-30 305.01 169.72 62.84
2015-06-30 287.95 186.23 88.78
2015-03-31 279.26 155.98 76.18
2014-12-31 270.20 183.13 51.52
2014-09-30 256.06 188.77 62.94
2014-06-30 248.66 170.13 66.85
2014-03-31 266.38 162.30 80.18
2013-12-31 259.74 138.13 40.50
2013-09-30 252.78 123.96 53.70
2013-06-30 246.17 146.03 72.73
2013-03-31 238.23 107.99 53.70
2012-12-31 229.55 117.94 43.38
2012-09-30 238.72 119.07 45.91
2012-06-30 227.39 131.92 59.05
  • ePlus's level of debt (46.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (53.3% vs 46.7% today).
  • Debt is not well covered by operating cash flow (18.9%, less than 20% of total debt).
  • Unable to confirm if the interest payments on ePlus's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess ePlus'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. ePlus has a total score of 3/6, 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 ePlus'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
0%
Current annual income from ePlus dividends. Estimated to be 0% next year.
If you bought $2,000 of ePlus shares you are expected to receive $0 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?
  • Unable to evaluate ePlus's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate ePlus's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:PLUS 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 4 Analyst Estimates (S&P Global) See Below
United States of America Electronic Industry Average Dividend Yield Market Cap Weighted Average of 38 Stocks 1.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2008 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

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

NasdaqGS:PLUS Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31 0.00 1.00
2021-03-31 0.00 1.00
2020-03-31 0.00 1.00
2019-03-31 0.00 1.00

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

  • Unable to perform a dividend volatility check as ePlus has not reported any payouts.
  • Unable to verify if ePlus's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of ePlus's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as ePlus has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of ePlus's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess ePlus'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 ePlus afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. ePlus has a total score of 0/6, 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 ePlus'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
Mark Marron
COMPENSATION $2,953,466
AGE 56
TENURE AS CEO 2.7 years
CEO Bio

Mr. Mark P. Marron serves as President and Chief Executive Officer at ePlus inc. since August 1, 2016 and has been its Director since November 14, 2018. Mr. Marron began his career at ePlus Technology, inc. in 2005 as Senior Vice President of Sales. On April 22, 2010, Mr. Marron was appointed as Chief Operating Officer of ePlus and as President of ePlus Technology, Inc. Prior to this, from 2001 to 2005, Mr. Marron served as Senior Vice President of worldwide sales & services of NetIQ. He is a 30-year industry veteran. Prior to joining NetIQ, Mr. Marron served as Senior Vice President and General Manager of worldwide channel sales for Computer Associates International Inc. Mr. Marron has a Bachelor’s of Science degree in Computer Science from Montclair State University. Mr. Marron has extensive experience throughout North America, Europe, the Middle East, and Africa.

CEO Compensation
  • Mark's compensation has been consistent with company performance over the past year.
  • Mark's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the ePlus management team in years:

0.9
Average Tenure
55.5
Average Age
  • The average tenure for the ePlus management team is less than 2 years, this suggests a new team.
Management Team

Phil Norton

TITLE
Executive Chairman of the Board
COMPENSATION
$1M
AGE
74

Mark Marron

TITLE
CEO, President & Director
COMPENSATION
$3M
AGE
56
TENURE
2.7 yrs

Elaine Marion

TITLE
Chief Financial Officer
COMPENSATION
$2M
AGE
50
TENURE
10.6 yrs

Darren Raiguel

TITLE
Chief Operating Officer
TENURE
0.9 yrs

Doug King

TITLE
Chief Information Officer
AGE
50
TENURE
0.8 yrs

Kley Parkhurst

TITLE
Senior VP of Corporate Development & Assistant Secretary
COMPENSATION
$424K
AGE
55

Erica Stoecker

TITLE
Chief Compliance Officer
TENURE
6.3 yrs

Dawn Kerwick

TITLE
Vice President of Marketing
TENURE
0.7 yrs

Barbara Tiano

TITLE
Vice President of Human Resources
TENURE
0.7 yrs

Steve Mencarini

TITLE
Senior Vice President of Business Operations
COMPENSATION
$626K
AGE
62
Board of Directors Tenure

Average tenure and age of the ePlus board of directors in years:

10.6
Average Tenure
65
Average Age
  • The average tenure for the ePlus board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Mark Marron

TITLE
CEO, President & Director
COMPENSATION
$3M
AGE
56
TENURE
0.4 yrs

C. Faulders

TITLE
Lead Independent Director
COMPENSATION
$150K
AGE
68
TENURE
8.8 yrs

Phil Norton

TITLE
Executive Chairman of the Board
COMPENSATION
$1M
AGE
74
TENURE
26.1 yrs

Lawrence Herman

TITLE
Independent Director
COMPENSATION
$150K
AGE
74
TENURE
18.1 yrs

Bruce Bowen

TITLE
Director
COMPENSATION
$204K
AGE
66
TENURE
29.3 yrs

Terry O’Donnell

TITLE
Independent Director
COMPENSATION
$150K
AGE
74
TENURE
22.4 yrs

Eric Hovde

TITLE
Independent Director
COMPENSATION
$150K
AGE
54
TENURE
12.4 yrs

John Callies

TITLE
Independent Director
COMPENSATION
$150K
AGE
64
TENURE
8.8 yrs

Gus Hunt

TITLE
Independent Director
COMPENSATION
$150K
AGE
62
TENURE
4.6 yrs

Maureen Morrison

TITLE
Independent Director
AGE
63
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • ePlus insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
13. Feb 19 Sell Lawrence Herman Individual 11. Feb 19 11. Feb 19 -1,000 $83.16 $-83,156
13. Sep 18 Sell Lawrence Herman Individual 12. Sep 18 12. Sep 18 -500 $102.43 $-51,215
06. Sep 18 Sell John Callies Individual 04. Sep 18 04. Sep 18 -970 $101.13 $-98,095
30. Aug 18 Sell Darren Raiguel Individual 29. Aug 18 29. Aug 18 -2,824 $103.11 $-290,372
29. Aug 18 Sell Eric Hovde Individual 28. Aug 18 28. Aug 18 -2,500 $102.56 $-256,400
27. Aug 18 Sell Eric Hovde Individual 23. Aug 18 27. Aug 18 -7,500 $102.11 $-763,999
17. Aug 18 Sell C. Faulders Individual 15. Aug 18 15. Aug 18 -5,000 $99.84 $-499,181
15. Jun 18 Sell Eric Hovde Individual 15. Jun 18 15. Jun 18 -4,271 $96.88 $-413,774
14. Jun 18 Sell The Eric D. and Steven D. Hovde Foundation, Endowment Arm Company 12. Jun 18 13. Jun 18 -5,736 $93.75 $-537,100
14. Jun 18 Sell Eric Hovde Individual 12. Jun 18 14. Jun 18 -12,679 $96.06 $-1,211,897
14. Jun 18 Sell Bruce Bowen Individual 12. Jun 18 12. Jun 18 -7,500 $92.96 $-697,228
14. Jun 18 Sell Lawrence Herman Individual 13. Jun 18 13. Jun 18 -500 $93.71 $-46,853
11. Jun 18 Sell The Eric D. and Steven D. Hovde Foundation, Endowment Arm Company 07. Jun 18 07. Jun 18 -1,764 $93.50 $-164,934
11. Jun 18 Sell Eric Hovde Individual 07. Jun 18 11. Jun 18 -680 $95.00 $-63,599
06. Jun 18 Sell Hovde Capital Advisors LLC Company 04. Jun 18 06. Jun 18 -15,000 $94.64 $-1,412,733
06. Jun 18 Sell Eric Hovde Individual 04. Jun 18 06. Jun 18 -12,995 $94.64 $-1,225,217
06. Jun 18 Sell C. Faulders Individual 06. Jun 18 06. Jun 18 -2,000 $94.50 $-189,002
01. Jun 18 Sell Eric Hovde Individual 30. May 18 30. May 18 -3,646 $93.53 $-341,010
01. Jun 18 Sell Phillip Norton Individual 31. May 18 31. May 18 -500 $90.00 $-45,000
01. Jun 18 Sell Phillip Norton Individual 30. May 18 01. Jun 18 -19,838 $92.27 $-1,816,803
X
Management checks
We assess ePlus'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. ePlus 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

Why ePlus inc. (NASDAQ:PLUS) Looks Like A Quality Company

This article is for those who would like to learn about Return On Equity (ROE). … That means that for every $1 worth of shareholders' equity, it generated $0.14 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Are ePlus inc.'s (NASDAQ:PLUS) Interest Costs Too High?

However, an important fact which most ignore is: how financially healthy is the business? … Evaluating financial health as part of your investment thesis is. … Let's work through some financial health checks you may wish to consider if you're interested in this stock.

Simply Wall St -

ePlus inc. (NASDAQ:PLUS) Earns Among The Best Returns In Its Industry

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … What is Return On Capital Employed (ROCE)? … ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business.

Simply Wall St -

Shareholders Are Thrilled That The ePlus Share Price Increased 226%

One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … Over half a decade, ePlus managed to grow its earnings per share at 14% a year. … This EPS growth is slower than the share price growth of 27% per year, over the same period.

Simply Wall St -

At US$83.26, Is ePlus inc. (NASDAQ:PLUS) Worth Looking At Closely?

led the NASDAQGS gainers with a relatively large price hike in the past couple of weeks. … As a stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … Let’s examine ePlus’s valuation and outlook in more detail to determine if there’s still a bargain opportunity.

Simply Wall St -

Is ePlus inc.'s (NASDAQ:PLUS) CEO Paid At A Competitive Rate?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … And finally - as a second measure of performance - we will look at the returns shareholders have received over the last few years. … How Does Mark Marron's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Do You Like ePlus inc. (NASDAQ:PLUS) At This P/E Ratio?

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … We'll show how you can use ePlus inc.'s (NASDAQ:PLUS) P/E ratio to inform your assessment of the investment opportunity. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Should You Be Impressed By ePlus inc.'s (NASDAQ:PLUS) ROE?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … One way to conceptualize this, is that for each $1 of shareholders' equity it has, the company made $0.14 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Have Insiders Been Selling ePlus inc. (NASDAQ:PLUS) Shares?

Unfortunately, there are also plenty of examples of share prices declining precipitously after insiders have sold shares. … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.'. … In the last twelve months, the biggest single sale by an insider was when Executive Chairman of the Board Phillip Norton sold US$1.8m worth of shares at a price of US$92.27 per share.

Simply Wall St -

ePlus inc. (NASDAQ:PLUS): What Does Its Beta Value Mean For Your Portfolio?

(NASDAQ:PLUS), 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. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Company Info

Description

ePlus inc., through its subsidiaries, provides information technology solutions that enable organizations to optimize their information technology (IT) environment and supply chain processes in the United States. It operates in two segments, Technology and Financing. The Technology segment offers hardware, software, maintenance, software assurance, and internally-provided and outsourced services; and advanced professional and managed services, including ePlus managed, professional, security, staff augmentation, server and desktop support, and project management services. It also provides proprietary software products, such as OneSource IT, an online Web based software portal for customers purchasing IT equipment, software, and services; OneSource Procurement, a Web-based software tool to facilitate procurement of various assets; OneSource Asset Management, a software platform for managing and tracking corporate assets comprising vendor maintenance contracts; and OneSource DigitalPaper, a document management software application. The Financing segment specializes in financing arrangements that include direct financing, sales-type, and operating leases; notes receivable and consumption-based financing arrangements; and underwriting and management of IT equipment and assets. Its financing operations comprise sales, pricing, credit, contracts, accounting, risk management, and asset management. This segment primarily finances IT equipment, including accessories and software, communication-related equipment, and medical equipment; and industrial machinery, office furniture and general office, transportation, and other general business equipment directly, as well as through vendors. ePlus inc. serves commercial entities, state and local governments, government contractors, and educational institutions. The company was formerly known as MLC Holdings, Inc. and changed its name to ePlus inc. in 1999. ePlus inc. was founded in 1990 and is headquartered in Herndon, Virginia.

Details
Name: ePlus inc.
PLUS
Exchange: NasdaqGS
Founded: 1990
$1,260,943,884
13,611,225
Website: http://www.eplus.com
Address: ePlus inc.
13595 Dulles Technology Drive,
Herndon,
Virginia, 20171,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS PLUS Common Stock Nasdaq Global Select US USD 15. Nov 1996
DB MLE Common Stock Deutsche Boerse AG DE EUR 15. Nov 1996
Number of employees
Current staff
Staff numbers
1,265
ePlus employees.
Industry
Technology Distributors
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/16 23:36
End of day share price update: 2019/04/16 00:00
Last estimates confirmation: 2019/04/04
Last earnings filing: 2019/02/07
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


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.