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Plexus

Nasdaq:PLXS
Snowflake Description

Excellent balance sheet and fair value.

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

Plexus Corp., together with its subsidiaries, provides electronic manufacturing services in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The last earnings update was 46 days ago. More info.


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PLXS Share Price and Events
7 Day Returns
0.9%
NasdaqGS:PLXS
0.7%
US Electronic
1.6%
US Market
1 Year Returns
-5.2%
NasdaqGS:PLXS
0%
US Electronic
3.2%
US Market
PLXS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Plexus (PLXS) 0.9% 4.2% 18.7% -5.2% 58.5% 51.6%
US Electronic 0.7% 0.9% 18.9% 0% 58.7% 59.1%
US Market 1.6% 2.1% 12.8% 3.2% 38.6% 43.6%
1 Year Return vs Industry and Market
  • PLXS underperformed the Electronic industry which returned 0% over the past year.
  • PLXS underperformed the Market in United States of America which returned 3.2% over the past year.
Price Volatility
PLXS
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Plexus 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 Plexus 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    Our intrinsic value calculation method has changed recently, learn more here.

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

NasdaqGS:PLXS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.3%
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:PLXS
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))
= 1.071 (1 + (1- 21%) (10.38%))
1.106
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.11
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.106 * 5.96%)
9.32%

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

The calculations below outline how an intrinsic value for Plexus 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:PLXS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.32%)
2019 54.00 Analyst x1 49.39
2020 87.00 Analyst x1 72.79
2021 102.00 Analyst x1 78.06
2022 114.18 Est @ 11.94% 79.93
2023 124.65 Est @ 9.18% 79.82
2024 133.68 Est @ 7.24% 78.30
2025 141.55 Est @ 5.89% 75.84
2026 148.54 Est @ 4.94% 72.80
2027 154.90 Est @ 4.28% 69.44
2028 160.80 Est @ 3.81% 65.94
Present value of next 10 years cash flows $722.32
NasdaqGS:PLXS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $160.80 × (1 + 2.73%) ÷ (9.32% – 2.73%)
$2,505.17
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $2,505.17 ÷ (1 + 9.32%)10
$1,027.25
NasdaqGS:PLXS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $722.32 + $1,027.25
$1,749.57
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,749.57 / 30.91
$56.59
NasdaqGS:PLXS Discount to Share Price
Calculation Result
Value per share (USD) From above. $56.59
Current discount Discount to share price of $61.16
= -1 x ($61.16 - $56.59) / $56.59
-8.1%

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

  • The current share price of Plexus 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 Plexus's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Plexus's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:PLXS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-29) in USD $4.12
NasdaqGS:PLXS Share Price ** NasdaqGS (2019-03-19) in USD $61.16
United States of America Electronic Industry PE Ratio Median Figure of 92 Publicly-Listed Electronic Companies 19.48x
United States of America Market PE Ratio Median Figure of 3,056 Publicly-Listed Companies 17.77x

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

** Primary Listing of Plexus.

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

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

= 61.16 ÷ 4.12

14.84x

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

  • Plexus is good value based on earnings compared to the US Electronic industry average.
  • Plexus is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Plexus's expected growth come at a high price?
Raw Data
NasdaqGS:PLXS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.84x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
3.8%per year
United States of America Electronic Industry PEG Ratio Median Figure of 60 Publicly-Listed Electronic Companies 1.55x
United States of America Market PEG Ratio Median Figure of 2,107 Publicly-Listed Companies 1.49x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.84x ÷ 3.8%

3.94x

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

  • Plexus is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Plexus's assets?
Raw Data
NasdaqGS:PLXS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-29) in USD $29.21
NasdaqGS:PLXS Share Price * NasdaqGS (2019-03-19) in USD $61.16
United States of America Electronic Industry PB Ratio Median Figure of 151 Publicly-Listed Electronic Companies 2.1x
United States of America Market PB Ratio Median Figure of 5,154 Publicly-Listed Companies 1.89x
NasdaqGS:PLXS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 61.16 ÷ 29.21

2.09x

* Primary Listing of Plexus.

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

  • Plexus is good value based on assets compared to the US Electronic industry average.
X
Value checks
We assess Plexus'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. Plexus 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 Plexus expected to perform in the next 1 to 3 years based on estimates from 5 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
3.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Plexus expected to grow at an attractive rate?
  • Plexus's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Plexus's earnings growth is positive but not above the United States of America market average.
  • Plexus's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:PLXS Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:PLXS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 3.8%
NasdaqGS:PLXS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 8.1%
United States of America Electronic Industry Earnings Growth Rate Market Cap Weighted Average 17%
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 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*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:PLXS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:PLXS Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-09-30 3,759 179 140 1
2020-09-30 3,408 159 131 5
2019-09-30 3,168 138 110 5
NasdaqGS:PLXS Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-29 2,962 -36 134
2018-09-29 2,874 67 13
2018-06-30 2,772 91 -31
2018-03-31 2,665 69 -32
2017-12-30 2,570 161 -15
2017-09-30 2,528 172 112
2017-07-01 2,511 127 102
2017-04-01 2,560 142 103
2016-12-31 2,574 186 90
2016-10-01 2,556 128 76
2016-07-02 2,572 144 81
2016-04-02 2,574 127 79
2016-01-02 2,606 188 86

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Plexus's earnings are expected to grow by 3.8% yearly, however this is not considered high growth (20% yearly).
  • Plexus's revenue is expected to grow by 8.1% 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:PLXS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Plexus Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:PLXS Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-09-30 4.91 4.91 4.91 1.00
2020-09-30 4.40 4.48 4.33 2.00
2019-09-30 3.53 3.54 3.51 2.00
NasdaqGS:PLXS Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-29 4.12
2018-09-29 0.40
2018-06-30 -0.92
2018-03-31 -0.94
2017-12-30 -0.43
2017-09-30 3.33
2017-07-01 3.04
2017-04-01 3.06
2016-12-31 2.70
2016-10-01 2.29
2016-07-02 2.43
2016-04-02 2.36
2016-01-02 2.55

*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.
  • Plexus is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Plexus'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.
Plexus 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 Plexus 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 Plexus'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.
  • Plexus's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Plexus has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Plexus has become profitable in the last year making it difficult to compare the US Electronic industry average.
Earnings and Revenue History
Plexus'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 Plexus Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:PLXS Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-29 2,961.76 133.76 142.30
2018-09-29 2,873.51 13.04 139.02
2018-06-30 2,772.18 -30.69 135.12
2018-03-31 2,664.63 -31.62 131.14
2017-12-30 2,570.33 -14.61 127.23
2017-09-30 2,528.05 112.06 125.63
2017-07-01 2,511.26 102.15 124.15
2017-04-01 2,560.05 102.67 122.31
2016-12-31 2,574.36 90.16 119.10
2016-10-01 2,556.00 76.43 115.33
2016-07-02 2,571.67 81.20 115.30
2016-04-02 2,573.64 78.89 115.79
2016-01-02 2,606.26 85.70 118.19
2015-10-03 2,654.29 94.33 121.83
2015-07-04 2,651.78 96.92 121.89
2015-04-04 2,602.70 97.71 120.81
2015-01-03 2,509.03 92.63 118.38
2014-09-27 2,378.25 87.21 113.68
2014-06-28 2,279.76 85.23 110.87
2014-03-29 2,231.20 83.85 111.98
2013-12-28 2,231.40 83.31 113.02
2013-09-28 2,228.03 82.26 116.63
2013-06-29 2,255.09 58.52 117.70
2013-03-30 2,291.96 58.85 117.52
2012-12-29 2,307.61 60.84 117.54
2012-09-29 2,306.73 62.09 115.75
2012-06-30 2,250.07 79.68 115.11
2012-03-31 2,200.44 78.19 114.19

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

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Plexus is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Plexus's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Plexus'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 7.8x 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 Plexus Company Filings, last reported 2 months ago.

NasdaqGS:PLXS Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-29 905.16 196.20 188.80
2018-09-29 921.14 188.62 297.27
2018-06-30 882.36 186.57 332.72
2018-03-31 920.50 207.99 402.47
2017-12-30 933.85 205.93 506.69
2017-09-30 1,025.94 313.11 568.86
2017-07-01 991.31 293.44 519.17
2017-04-01 961.44 278.26 524.52
2016-12-31 927.54 263.05 496.51
2016-10-01 916.80 262.64 432.96
2016-07-02 895.18 263.02 433.68
2016-04-02 871.11 262.11 409.80
2016-01-02 850.79 262.27 354.73
2015-10-03 842.27 262.30 357.11
2015-07-04 835.06 263.85 354.83
2015-04-04 808.47 265.22 356.30
2015-01-03 792.30 265.78 239.70
2014-09-27 781.13 266.41 346.77
2014-06-28 760.18 267.29 330.31
2014-03-29 736.48 259.99 323.89
2013-12-28 722.02 260.75 324.29
2013-09-28 699.30 261.35 341.90
2013-06-29 679.54 261.74 286.02
2013-03-30 669.05 261.74 276.51
2012-12-29 664.52 271.56 274.18
2012-09-29 649.02 272.14 297.62
2012-06-30 638.57 277.20 277.91
2012-03-31 615.30 282.47 257.75
  • Plexus's level of debt (21.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (36.1% vs 21.7% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 19.3x coverage).
X
Financial health checks
We assess Plexus'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. Plexus 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 Plexus'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 Plexus dividends.
If you bought $2,000 of Plexus 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 Plexus's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Plexus'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:PLXS 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 5 Analyst Estimates (S&P Global) See Below
United States of America Electronic Industry Average Dividend Yield Market Cap Weighted Average of 38 Stocks 1.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 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 1.4%
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:PLXS Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-09-30
2020-09-30
2019-09-30

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

  • Unable to perform a dividend volatility check as Plexus has not reported any payouts.
  • Unable to verify if Plexus's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Plexus's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Plexus has not reported any payouts.
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 Plexus'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 Plexus afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Plexus 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 Plexus'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
Todd Kelsey
COMPENSATION $6,673,723
AGE 53
TENURE AS CEO 2.5 years
CEO Bio

Mr. Todd P. Kelsey has been the Chief Executive Officer and President of Plexus Corp. since September 30, 2016. Mr. Kelsey served as Chief Operating Officer and Executive Vice President at Plexus Corp. since June 10, 2013 until September 30, 2016 and since June 2013 until September 30, 2016 respectively. He served as an Executive Vice President of Global Customer Services at Plexus Corp. from 2011 to June 10, 2013. He served as Senior Vice President of Global Customer Services at Plexus Corp., since August 30, 2007. Mr. Kelsey joined Plexus in 1994 as a Design Engineer in its Engineering Solutions Group. He has more than 19 years of electronics industry experience. Mr. Kelsey has been a Director of Plexus Corp. since August 17, 2016. He has been a Director of Steelcase, Inc. since March 21, 2017. He holds an MBA from the University of Wisconsin, Oshkosh and MS and BS degrees in Electrical Engineering from the University of Wisconsin, Madison.

CEO Compensation
  • Todd's compensation has increased in line with Plexus recently becoming profitable.
  • Todd'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 Plexus management team in years:

4.8
Average Tenure
52.5
Average Age
  • The tenure for the Plexus management team is about average.
Management Team

Todd Kelsey

TITLE
President
COMPENSATION
$7M
AGE
53
TENURE
2.5 yrs

Pat Jermain

TITLE
Executive VP & CFO
COMPENSATION
$2M
AGE
52
TENURE
4.8 yrs

Steve Frisch

TITLE
Executive VP & COO
COMPENSATION
$3M
AGE
52
TENURE
2.4 yrs

Angelo Ninivaggi

TITLE
Executive VP
COMPENSATION
$2M
AGE
51
TENURE
5.6 yrs

Ronnie Darroch

TITLE
Executive VP of Global Manufacturing Solutions & Regional President of AMER
COMPENSATION
$2M
AGE
53
TENURE
5.1 yrs

Steve Gearhart

TITLE
Chief Information Officer
TENURE
9.2 yrs

Heather Beresford

TITLE
Senior Director of Communications & Investor Relations

YJ Lim

TITLE
Regional President of APAC
COMPENSATION
$2M
AGE
58
TENURE
11.6 yrs

Mike Running

TITLE
Senior Vice President of Global Engineering Solutions
TENURE
2.4 yrs

Scott Theune

TITLE
Senior Vice President of Global Supply Chain
TENURE
2.4 yrs
Board of Directors Tenure

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

6.1
Average Tenure
60.5
Average Age
  • The tenure for the Plexus board of directors is about average.
Board of Directors

Dean Foate

TITLE
Non Executive Chairman
COMPENSATION
$385K
AGE
60
TENURE
6.1 yrs

Todd Kelsey

TITLE
President
COMPENSATION
$7M
AGE
53
TENURE
2.6 yrs

Dave Drury

TITLE
Director
COMPENSATION
$222K
AGE
70
TENURE
21.2 yrs

Ralf Böer

TITLE
Director
COMPENSATION
$216K
AGE
70
TENURE
14.5 yrs

Peter Kelly

TITLE
Director
COMPENSATION
$215K
AGE
61
TENURE
13.8 yrs

Mike Schrock

TITLE
Lead Director
COMPENSATION
$228K
AGE
65
TENURE
6.1 yrs

Stephen Cortinovis

TITLE
Director
COMPENSATION
$207K
AGE
68
TENURE
16.2 yrs

Rainer Jueckstock

TITLE
Director
COMPENSATION
$211K
AGE
59
TENURE
6.2 yrs

Jo Eisenhart

TITLE
Director
COMPENSATION
$205K
AGE
59
TENURE
4.1 yrs

Paul Rooke

TITLE
Director
COMPENSATION
$205K
AGE
59
TENURE
2 yrs
Who owns this company?
Recent Insider Trading
  • Plexus insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
05. Feb 19 Sell Ronald Darroch Individual 01. Feb 19 01. Feb 19 -3,454 $56.44 $-194,953
31. Oct 18 Sell Todd Kelsey Individual 29. Oct 18 30. Oct 18 -3,000 $59.58 $-175,843
07. Aug 18 Sell Ronald Darroch Individual 03. Aug 18 03. Aug 18 -400 $60.40 $-24,162
26. Jul 18 Sell Steven Frisch Individual 24. Jul 18 24. Jul 18 -2,464 $61.86 $-152,423
X
Management checks
We assess Plexus'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. Plexus 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 Plexus Corp. (NASDAQ:PLXS) A High Quality Stock To Own?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Our data shows Plexus has a return on equity of 15% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Don’t Buy Plexus Corp. (NASDAQ:PLXS) Until You Understand Its ROCE

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … What is Return On Capital Employed (ROCE)? … How Do You Calculate Return On Capital Employed?

Simply Wall St -

How Much Are Plexus Corp. (NASDAQ:PLXS) Insiders Taking Off The Table?

Plexus Insider Transactions Over The Last Year. … Over the last year, we can see that the biggest insider purchase was by Director Peter Kelly for US$601k worth of shares, at about US$60.10 per share. … That means that an insider was happy to buy shares at above the current price.

Simply Wall St -

How Financially Strong Is Plexus Corp (NASDAQ:PLXS)?

While small-cap stocks, such as Plexus Corp (NASDAQ:PLXS) with its market cap of US$1.9b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Evaluating financial health as part of your investment thesis is

Simply Wall St -

Plexus Corp (NASDAQ:PLXS): The Return Story

and want to begin learning the link between Plexus Corp (NASDAQ:PLXS)’s return fundamentals and stock market performance. … Your equity share is granted in return for the capital provided to the business to operate, and in order for an investment to be successful the business has to create earnings from the funds that make up this capital. … Therefore, looking at how efficiently Plexus is able to use capital to create earnings will help us understand your potential return.

Simply Wall St -

Why Plexus Corp (NASDAQ:PLXS) Is A Financially Healthy Company

Mid-caps stocks, like Plexus Corp (NASDAQ:PLXS) with a market capitalization of US$2.02b, aren’t the focus of most investors who prefer to direct their investments towards either large-cap or small-cap stocks. … Surprisingly though, when accounted for risk, mid-caps have delivered better returns compared to the two other categories of stocks. … Let’s take a look at PLXS’s debt concentration and assess their financial liquidity to get an idea of their ability to fund strategic acquisitions and grow through cyclical pressures.

Simply Wall St -

Plexus Corp (NASDAQ:PLXS) Investors Are Paying Above The Intrinsic Value

by taking the foreast future cash flows of the company and discounting them back to today's value. … discounted cash flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model

Simply Wall St -

Is Plexus Corp (NASDAQ:PLXS) Undervalued?

Plexus Corp (NASDAQ:PLXS), a electronic company based in United States,. … 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 take a look at Plexus’s outlook and value based on the most recent financial data to see if the opportunity still exists?

Simply Wall St -

Is Plexus Corp (NASDAQ:PLXS) Expensive For A Reason? A Look At The Intrinsic Value

I then discount this to its value today and sum up the total to get the present value of these cash flows. … 5-year cash flow forecast 2018 2019 2020 2021 2022 Levered FCF ($, Millions) $47.00 $100.00 $111.00 $114.55 $118.22 Source Analyst x1 Analyst x1 Analyst x1 Extrapolated @ (3.2%) Extrapolated @ (3.2%) Present Value Discounted @ 9.53% $42.91 $83.35 $84.46 $79.58 $74.98 Present Value of 5-year Cash Flow (PVCF)= $365 We now need to calculate the Terminal Value, which accounts for all the future cash flows after the five years. … Terminal Value (TV) = FCF2022 × (1 + g) ÷ (r – g) = $118 × (1 + 2.9%) ÷ (9.5% – 2.9%) = $1,848 Present Value of Terminal Value (PVTV) = TV / (1 + r)5 = $1,848 / ( 1 + 9.5%)5 = $1,172 The total value is the sum of cash flows for the next five years and the discounted terminal value, which results in the Total Equity Value, which in this case is $1,538.

Simply Wall St -

How Financially Strong Is Plexus Corp (NASDAQ:PLXS)?

Moreover, PLXS has produced US$171.73M in operating cash flow over the same time period, resulting in an operating cash to total debt ratio of 54.85%, indicating that PLXS’s operating cash is sufficient to cover its debt. … PLXS is not taking on too much debt commitment, which may be constraining for future growth. … Investors' risk associated with debt is very low with PLXS, and the company has plenty of headroom and ability to raise debt should it need to in the future.Next Steps: PLXS’s debt level is appropriate for a company its size, and it is also able to generate sufficient cash flow coverage, meaning it has been able to put its debt in good use.

Simply Wall St -

Company Info

Description

Plexus Corp., together with its subsidiaries, provides electronic manufacturing services in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It offers design and development, supply chain, new product introduction, and manufacturing solutions, as well as aftermarket services. The company provides its solutions to companies in the healthcare and life sciences, industrial and commercial, communications, and aerospace and defense sectors. Plexus Corp. was founded in 1979 and is headquartered in Neenah, Wisconsin.

Details
Name: Plexus Corp.
PLXS
Exchange: NasdaqGS
Founded: 1979
$1,890,702,013
30,914,029
Website: http://www.plexus.com
Address: Plexus Corp.
One Plexus Way,
Neenah,
Wisconsin, 54957,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS PLXS Common Stock Nasdaq Global Select US USD 05. Feb 1986
DB PX4 Common Stock Deutsche Boerse AG DE EUR 05. Feb 1986
Number of employees
Current staff
Staff numbers
19,000
Plexus employees.
Industry
Electronic Manufacturing Services
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/19 23:41
End of day share price update: 2019/03/19 00:00
Last estimates confirmation: 2019/03/12
Last earnings filing: 2019/02/01
Last earnings reported: 2018/12/29
Last annual earnings reported: 2018/09/29


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.