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PLXS

PlexusNasdaqGS:PLXS Stock Report

Market Cap

US$2.6b

7D

6.3%

1Y

29.0%

Updated

27 Sep, 2021

Data

Company Financials +
PLXS fundamental analysis
Snowflake Score
Valuation2/6
Future Growth1/6
Past Performance4/6
Financial Health6/6
Dividends0/6

PLXS Overview

Plexus Corp., together with its subsidiaries, provides electronic manufacturing services in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific.

Plexus Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Plexus
Historical stock prices
Current Share PriceUS$92.44
52 Week HighUS$64.35
52 Week LowUS$101.17
Beta1.19
1 Month Change1.15%
3 Month Change1.40%
1 Year Change28.98%
3 Year Change60.46%
5 Year Change97.69%
Change since IPO8,774.24%

Recent News & Updates

Shareholder Returns

PLXSUS ElectronicUS Market
7D6.3%2.6%2.0%
1Y29.0%48.1%32.8%

Return vs Industry: PLXS underperformed the US Electronic industry which returned 51.6% over the past year.

Return vs Market: PLXS underperformed the US Market which returned 35.3% over the past year.

Price Volatility

Is PLXS's price volatile compared to industry and market?
PLXS volatility
PLXS Beta1.19
Industry Beta1.32
Market Beta1

Stable Share Price: PLXS is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: PLXS's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
197919,500Todd Kelseyhttps://www.plexus.com

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 to companies in the healthcare/life sciences, industrial/commercial, aerospace/defense, and communications market sectors. The company was founded in 1979 and is headquartered in Neenah, Wisconsin.

Plexus Fundamentals Summary

How do Plexus's earnings and revenue compare to its market cap?
PLXS fundamental statistics
Market CapUS$2.61b
Earnings (TTM)US$143.28m
Revenue (TTM)US$3.44b

18.2x

P/E Ratio

0.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PLXS income statement (TTM)
RevenueUS$3.44b
Cost of RevenueUS$3.11b
Gross ProfitUS$333.52m
ExpensesUS$190.24m
EarningsUS$143.28m

Last Reported Earnings

Jul 03, 2021

Next Earnings Date

n/a

Earnings per share (EPS)5.07
Gross Margin9.70%
Net Profit Margin4.17%
Debt/Equity Ratio20.2%

How did PLXS perform over the long term?

See historical performance and comparison

Valuation

Is Plexus undervalued compared to its fair value and its price relative to the market?

18.23x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: PLXS ($91.39) is trading above our estimate of fair value ($69.15)

Significantly Below Fair Value: PLXS is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: PLXS is good value based on its PE Ratio (18x) compared to the US Electronic industry average (21.6x).

PE vs Market: PLXS is poor value based on its PE Ratio (18x) compared to the US market (17.9x).


Price to Earnings Growth Ratio

PEG Ratio: PLXS is poor value based on its PEG Ratio (1.5x)


Price to Book Ratio

PB vs Industry: PLXS is good value based on its PB Ratio (2.5x) compared to the US Electronic industry average (2.7x).


Future Growth

How is Plexus forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

11.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PLXS's forecast earnings growth (11.7% per year) is above the savings rate (2%).

Earnings vs Market: PLXS's earnings (11.7% per year) are forecast to grow slower than the US market (15% per year).

High Growth Earnings: PLXS's earnings are forecast to grow, but not significantly.

Revenue vs Market: PLXS's revenue (9.6% per year) is forecast to grow slower than the US market (9.8% per year).

High Growth Revenue: PLXS's revenue (9.6% 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 (14.1%).


Past Performance

How has Plexus performed over the past 5 years?

16.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PLXS has high quality earnings.

Growing Profit Margin: PLXS's current net profit margins (4.2%) are higher than last year (3.5%).


Past Earnings Growth Analysis

Earnings Trend: PLXS's earnings have grown by 16.6% per year over the past 5 years.

Accelerating Growth: PLXS's earnings growth over the past year (23%) exceeds its 5-year average (16.6% per year).

Earnings vs Industry: PLXS earnings growth over the past year (23%) underperformed the Electronic industry 40.3%.


Return on Equity

High ROE: PLXS's Return on Equity (14%) is considered low.


Financial Health

How is Plexus's financial position?


Financial Position Analysis

Short Term Liabilities: PLXS's short term assets ($1.8B) exceed its short term liabilities ($1.0B).

Long Term Liabilities: PLXS's short term assets ($1.8B) exceed its long term liabilities ($299.4M).


Debt to Equity History and Analysis

Debt Level: PLXS's debt to equity ratio (20.2%) is considered satisfactory.

Reducing Debt: PLXS's debt to equity ratio has reduced from 29% to 20.2% over the past 5 years.

Debt Coverage: PLXS's debt is well covered by operating cash flow (121%).

Interest Coverage: PLXS's interest payments on its debt are well covered by EBIT (13.5x coverage).


Balance Sheet


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 recent payouts.

High Dividend: Unable to evaluate PLXS's dividend yield against the top 25% of dividend payers, as the company has not reported any recent 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?

4.9yrs

Average management tenure


CEO

Todd Kelsey (56 yo)

5yrs

Tenure

US$8,202,523

Compensation

Mr. Todd P. Kelsey has been the Chief Executive Officer and President of Plexus Corporation since September 30, 2016. Mr. Kelsey served as Chief Operating Officer and Executive Vice President at Plexus Cor...


CEO Compensation Analysis

Compensation vs Market: Todd's total compensation ($USD8.20M) is above average for companies of similar size in the US market ($USD5.28M).

Compensation vs Earnings: Todd's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: PLXS's management team is considered experienced (4.9 years average tenure).


Board Members

Experienced Board: PLXS's board of directors are considered experienced (6.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: PLXS 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 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$2.611b
  • Shares outstanding: 28.25m
  • Website: https://www.plexus.com

Number of Employees


Location

  • Plexus Corp.
  • One Plexus Way
  • PO Box 156
  • Neenah
  • Wisconsin
  • 54956
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/27 22:54
End of Day Share Price2021/09/27 00:00
Earnings2021/07/03
Annual Earnings2020/10/03


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.