Plexus
Market Cap
US$1.6b
Last Updated
2020/03/31 01:12 UTC
Data Sources
Company Financials +
Executive Summary
Plexus Corp., together with its subsidiaries, provides electronic manufacturing services in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific.
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet and undervalued.
Similar Companies
Share Price & News
How has Plexus's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PLXS's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
9.1%
PLXS
3.7%
US Electronic
7.2%
US Market
1 Year Return
-14.2%
PLXS
-20.6%
US Electronic
-10.4%
US Market
Return vs Industry: PLXS exceeded the US Electronic industry which returned -21.6% over the past year.
Return vs Market: PLXS underperformed the US Market which returned -12.7% over the past year.
Shareholder returns
| PLXS | Industry | Market | |
|---|---|---|---|
| 7 Day | 9.1% | 3.7% | 7.2% |
| 30 Day | -18.7% | -16.7% | -12.6% |
| 90 Day | -29.9% | -28.1% | -19.4% |
| 1 Year | -14.2%-14.2% | -19.7%-20.6% | -8.5%-10.4% |
| 3 Year | -5.9%-5.9% | 2.3%-0.6% | 15.8%8.3% |
| 5 Year | 29.6%29.6% | 25.9%19.6% | 35.8%21.0% |
Price Volatility Vs. Market
How volatile is Plexus's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Should You Care About Plexus Corp.’s (NASDAQ:PLXS) Investment Potential?1 month ago | Simply Wall St
Why Plexus Corp.'s (NASDAQ:PLXS) CEO Pay Matters To You1 month ago | Simply Wall St
Plexus Corp.'s (NASDAQ:PLXS) Earnings Dropped -13%, How Did It Fare Against The Industry?Valuation
Is Plexus undervalued compared to its fair value and its price relative to the market?
24.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PLXS ($51.14) is trading below our estimate of fair value ($70.93)
Significantly Below Fair Value: PLXS is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PLXS is good value based on its PE Ratio (12.9x) compared to the Electronic industry average (14.4x).
PE vs Market: PLXS is good value based on its PE Ratio (12.9x) compared to the US market (13x).
Price to Earnings Growth Ratio
PEG Ratio: PLXS is good value based on its PEG Ratio (0.8x)
Price to Book Ratio
PB vs Industry: PLXS is overvalued based on its PB Ratio (1.6x) compared to the US Electronic industry average (1.5x).
Next Steps
Future Growth
How is Plexus forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
16.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PLXS's forecast earnings growth (16.9% per year) is above the savings rate (1.7%).
Earnings vs Market: PLXS's earnings (16.9% per year) are forecast to grow faster than the US market (12.3% per year).
High Growth Earnings: PLXS's earnings are forecast to grow, but not significantly.
Revenue vs Market: PLXS's revenue (7.9% per year) is forecast to grow faster than the US market (7.3% per year).
High Growth Revenue: PLXS's revenue (7.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PLXS's Return on Equity is forecast to be low in 3 years time (13.5%).
Next Steps
Past Performance
How has Plexus performed over the past 5 years?
0.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PLXS has high quality earnings.
Growing Profit Margin: PLXS's current net profit margins (3.6%) are lower than last year (4.5%).
Past Earnings Growth Analysis
Earnings Trend: PLXS's earnings have grown by 0.5% per year over the past 5 years.
Accelerating Growth: PLXS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: PLXS had negative earnings growth (-12.8%) over the past year, making it difficult to compare to the Electronic industry average (3.2%).
Return on Equity
High ROE: PLXS's Return on Equity (12.9%) is considered low.
Next Steps
Financial Health
How is Plexus's financial position?
Financial Position Analysis
Short Term Liabilities: PLXS's short term assets ($1.6B) exceed its short term liabilities ($889.9M).
Long Term Liabilities: PLXS's short term assets ($1.6B) exceed its long term liabilities ($311.9M).
Debt to Equity History and Analysis
Debt Level: PLXS's debt to equity ratio (23.7%) is considered satisfactory.
Reducing Debt: PLXS's debt to equity ratio has reduced from 32.6% to 23.7% over the past 5 years.
Debt Coverage: PLXS's debt is well covered by operating cash flow (103.9%).
Interest Coverage: PLXS's interest payments on its debt are well covered by EBIT (11.6x coverage).
Balance Sheet
Inventory Level: PLXS has a high level of physical assets or inventory.
Debt Coverage by Assets: PLXS's debt is covered by short term assets (assets are 7.4x debt).
Next Steps
Dividend
What is Plexus's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate PLXS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate PLXS's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if PLXS's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if PLXS's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of PLXS's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.8yrs
Average management tenure
CEO
Todd Kelsey (54yo)
3.42s
Tenure
US$6,519,481
Compensation
Mr. Todd P. Kelsey has been the Chief Executive Officer and President of Plexus Corp. since September 30, 2016. Mr. Kelsey served as Chief Operating Officer and Executive Vice President at Plexus Corp. sin ...
CEO Compensation Analysis
Compensation vs Market: Todd's total compensation ($USD6.52M) is above average for companies of similar size in the US market ($USD4.58M).
Compensation vs Earnings: Todd's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.42yrs | US$6.52m | 0.43% $6.9m | |
| Executive VP & CFO | 5.83yrs | US$2.20m | 0.15% $2.4m | |
| Executive VP & COO | 3.42yrs | US$2.73m | 0.16% $2.6m | |
| Executive VP | 6.58yrs | US$1.86m | 0.15% $2.3m | |
| Executive VP & Regional President of EMEA | 6yrs | US$1.68m | 0.032% $512.7k | |
| Chief Information Officer | 10.17yrs | no data | no data | |
| Senior Director of Communications & Investor Relations | no data | no data | no data | |
| Regional President of APAC | 12.58yrs | US$1.80m | 0.27% $4.2m | |
| Executive Vice President - Global Supply Chain | 4.67yrs | no data | 0.056% $880.7k | |
| Senior Vice President of Global Engineering Solutions & Aftermarket Services | 3.42yrs | no data | no data |
5.8yrs
Average Tenure
53yo
Average Age
Experienced Management: PLXS's management team is seasoned and experienced (5.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.42yrs | US$6.52m | 0.43% $6.9m | |
| Non-Executive Chairman | 7yrs | US$403.20k | 0.65% $10.3m | |
| Independent Director | 3yrs | US$218.66k | 0.016% $248.9k | |
| Independent Director | 22.17yrs | US$236.41k | 0.054% $854.9k | |
| Independent Director | 17.17yrs | US$221.16k | 0.10% $1.6m | |
| Independent Director | 15.42yrs | US$229.66k | 0.11% $1.7m | |
| Lead Director | 7yrs | US$242.41k | 0.11% $1.8m | |
| Independent Director | 14.83yrs | US$229.41k | 0.11% $1.7m | |
| Independent Director | 7.17yrs | US$224.91k | 0.063% $990.2k | |
| Independent Director | 5yrs | US$218.66k | 0.035% $557.1k |
7.1yrs
Average Tenure
61.5yo
Average Age
Experienced Board: PLXS's board of directors are considered experienced (7.1 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Plexus Corp.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Plexus Corp.
- Ticker: PLXS
- Exchange: NasdaqGS
- Founded: 1979
- Industry: Electronic Manufacturing Services
- Sector: Tech
- Market Cap: US$1.583b
- Shares outstanding: 29.36m
- Website: https://www.plexus.com
Number of Employees
Location
- Plexus Corp.
- One Plexus Way
- PO Box 156
- Neenah
- Wisconsin
- 54956
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| PLXS | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Feb 1986 |
| PX4 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Feb 1986 |
Biography
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.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/03/31 01:12 |
| End of Day Share Price | 2020/03/30 00:00 |
| Earnings | 2020/01/04 |
| Annual Earnings | 2019/09/28 |
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.