Plexus
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
1 Year Returns
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.
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Plexus.
| 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.
| 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.
| 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 | ||
| 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 |
| 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 |
| 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.
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?
| 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.
| 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?
| 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 .
| 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?
| 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 |
| 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.
Value checks
We assess Plexus's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check) 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!
Earnings growth vs Low Risk Savings
- 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
| 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
| 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 |
| 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 |
| 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.
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.
| 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 |
| 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.
Future performance checks
We assess Plexus's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
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
Past Earnings growth analysis
- 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
All data from Plexus Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| 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).
Past performance checks
We assess Plexus's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
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.
- 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
Assets
Liabilities and shares
- 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.
All data from Plexus Company Filings, last reported 2 months ago.
| 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).
Financial health checks
We assess Plexus's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Plexus has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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
If you bought
$2,000 of
Plexus
shares you are expected to receive
$0
in your first year as a dividend.
Dividend Amount
- 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.
| 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.
| 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.
Income/ dividend checks
We assess Plexus's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- 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) 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
CEO
| 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:
- The tenure for the Plexus management team is about average.
Management Team
Todd Kelsey
President
$7M
53
2.5 yrs
Pat Jermain
Executive VP & CFO
$2M
52
4.8 yrs
Steve Frisch
Executive VP & COO
$3M
52
2.4 yrs
Angelo Ninivaggi
Executive VP
$2M
51
5.6 yrs
Ronnie Darroch
Executive VP of Global Manufacturing Solutions & Regional President of AMER
$2M
53
5.1 yrs
Steve Gearhart
Chief Information Officer
9.2 yrs
Heather Beresford
Senior Director of Communications & Investor Relations
YJ Lim
Regional President of APAC
$2M
58
11.6 yrs
Mike Running
Senior Vice President of Global Engineering Solutions
2.4 yrs
Scott Theune
Senior Vice President of Global Supply Chain
2.4 yrs
Board of Directors Tenure
Average tenure and age of the Plexus board of directors in years:
- The tenure for the Plexus board of directors is about average.
Board of Directors
Dean Foate
Non Executive Chairman
$385K
60
6.1 yrs
Todd Kelsey
President
$7M
53
2.6 yrs
Dave Drury
Director
$222K
70
21.2 yrs
Ralf Böer
Director
$216K
70
14.5 yrs
Peter Kelly
Director
$215K
61
13.8 yrs
Mike Schrock
Lead Director
$228K
65
6.1 yrs
Stephen Cortinovis
Director
$207K
68
16.2 yrs
Rainer Jueckstock
Director
$211K
59
6.2 yrs
Jo Eisenhart
Director
$205K
59
4.1 yrs
Paul Rooke
Director
$205K
59
2 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | 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 | ||
Management checks
We assess Plexus's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) 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 - – Full articleDon’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 - – Full articleHow 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 - – Full articleHow 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 - – Full articlePlexus 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 - – Full articleWhy Plexus Corp (NASDAQ:PLXS) Is A Financially Healthy Company
Mid-caps stocks, like Plexus Corp (NASDAQ:PLXS) with a market capitalization of US$2.02b, aren’t the focus of most investors who prefer to direct their investments towards either large-cap or small-cap stocks. … Surprisingly though, when accounted for risk, mid-caps have delivered better returns compared to the two other categories of stocks. … Let’s take a look at PLXS’s debt concentration and assess their financial liquidity to get an idea of their ability to fund strategic acquisitions and grow through cyclical pressures.
Simply Wall St - – Full articlePlexus Corp (NASDAQ:PLXS) Investors Are Paying Above The Intrinsic Value
by taking the foreast future cash flows of the company and discounting them back to today's value. … discounted cash flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model
Simply Wall St - – Full articleIs Plexus Corp (NASDAQ:PLXS) Undervalued?
Plexus Corp (NASDAQ:PLXS), a electronic company based in United States,. … As a stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … Let’s take a look at Plexus’s outlook and value based on the most recent financial data to see if the opportunity still exists?
Simply Wall St - – Full articleIs Plexus Corp (NASDAQ:PLXS) Expensive For A Reason? A Look At The Intrinsic Value
I then discount this to its value today and sum up the total to get the present value of these cash flows. … 5-year cash flow forecast 2018 2019 2020 2021 2022 Levered FCF ($, 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 - – Full articleHow 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 - – Full articleCompany 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
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.
