NasdaqGS:PLXS

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Excellent balance sheet and fair value.


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


Market Performance


7 Day Return

-5.2%

PLXS

-2.3%

US Electronic

-0.6%

US Market


1 Year Return

0.1%

PLXS

-2.9%

US Electronic

0.7%

US Market

PLXS outperformed the Electronic industry which returned -2.9% over the past year.

PLXS matched the United States of America Market (0.6%) over the past year.


Share holder returns

PLXSIndustryMarket
7 Day-5.2%-2.3%-0.6%
30 Day5.1%5.2%2.9%
90 Day10.5%0.3%1.3%
1 Year0.1%0.1%-1.9%-2.9%2.9%0.7%
3 Year30.2%30.2%49.3%45.2%44.6%35.2%
5 Year62.5%62.5%69.8%61.4%61.9%44.2%

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

Valuation

Is Plexus undervalued based on future cash flows and its price relative to the stock market?

21%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Plexus's share price is below the future cash flow value, and at a moderate discount (> 20%).

Plexus's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

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

Plexus is poor value based on expected growth next year.


Price Based on Value of Assets

Plexus is overvalued based on assets compared to the US Electronic industry average.


Next Steps

Future Growth

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

6.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Plexus's revenue is expected to grow by 6.5% yearly, however this is not considered high growth (20% yearly).

Plexus's earnings are expected to grow by 6.1% yearly, however this is not considered high growth (20% yearly).

Plexus's revenue growth is positive but not above the United States of America market average.

Plexus's earnings growth is positive but not above the United States of America market average.

Plexus's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Plexus is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Plexus performed over the past 5 years?

-4.7%

Historical annual earnings growth


Earnings and Revenue History


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.


Return on Equity

Plexus has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Plexus used its assets more efficiently than the US Electronic industry average last year based on Return on Assets.


Return on Capital Employed

Plexus has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Plexus's financial position?


Financial Position Analysis

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.


Debt to Equity History and Analysis

Plexus's level of debt (32.9%) 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 (34.6% vs 32.9% today).

Debt is not well covered by operating cash flow (11.4%, less than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 15.6x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 5.5x debt.


Next Steps

Dividend

What is Plexus's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

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.

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

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.


Next Steps

Management

What is the CEO of Plexus's salary, the management and board of directors tenure and is there insider trading?

5.3yrs

Average management tenure


CEO

Todd Kelsey (54yo)

3yrs

Tenure

US$6,673,723

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

Todd's remuneration is higher than average for companies of similar size in United States of America.

Todd's compensation has increased in line with Plexus recently becoming profitable.


Management Age and Tenure

5.3yrs

Average Tenure

53yo

Average Age

The average tenure for the Plexus management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

6.6yrs

Average Tenure

61.5yo

Average Age

The tenure for the Plexus board of directors is about average.


Insider Trading

Plexus individual insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$86,29503 Sep 19
Scott Theune
EntityIndividual
Shares1,503
Max PriceUS$57.42
SellUS$242,87123 Aug 19
Steven Frisch
EntityIndividual
Role
Chief Operating Officer
Executive VP & COO
Shares4,161
Max PriceUS$58.37
SellUS$230,92522 Aug 19
Ronald Darroch
EntityIndividual
Role
Senior Key Executive
Executive VP & Regional President of EMEA
Shares4,045
Max PriceUS$57.09
SellUS$87,17805 Aug 19
Patrick Jermain
EntityIndividual
Role
Chief Financial Officer
Executive VP & CFO
Shares1,451
Max PriceUS$60.08
SellUS$252,25531 Jul 19
Todd Kelsey
EntityIndividual
Role
Chief Executive Officer
President
Shares4,232
Max PriceUS$59.85
SellUS$261,90325 Apr 19
Ronald Darroch
EntityIndividual
Role
Senior Key Executive
Executive VP & Regional President of EMEA
Shares4,325
Max PriceUS$61.24
SellUS$239,70125 Apr 19
Todd Kelsey
EntityIndividual
Role
Chief Executive Officer
President
Shares3,943
Max PriceUS$60.79
SellUS$194,95305 Feb 19
Ronald Darroch
EntityIndividual
Role
Senior Key Executive
Executive VP & Regional President of EMEA
Shares3,454
Max PriceUS$56.44
SellUS$175,84331 Oct 18
Todd Kelsey
EntityIndividual
Role
Chief Executive Officer
President
Shares3,000
Max PriceUS$59.58

Ownership Breakdown


Management Team

  • Angelo Ninivaggi (52yo)

    Executive VP

    • Tenure: 6.1yrs
    • Compensation: US$1.91m
  • Todd Kelsey (54yo)

    President

    • Tenure: 3yrs
    • Compensation: US$6.67m
  • YJ Lim (59yo)

    Regional President of APAC

    • Tenure: 12.1yrs
    • Compensation: US$1.80m
  • Steve Frisch (53yo)

    Executive VP & COO

    • Tenure: 2.9yrs
    • Compensation: US$2.79m
  • Ronnie Darroch (54yo)

    Executive VP & Regional President of EMEA

    • Tenure: 5.6yrs
    • Compensation: US$1.80m
  • Pat Jermain (53yo)

    Executive VP & CFO

    • Tenure: 5.3yrs
    • Compensation: US$2.29m
  • Oliver Mihm (47yo)

    Executive Vice President - Global Supply Chain

    • Tenure: 4.2yrs
  • Steve Gearhart

    Chief Information Officer

    • Tenure: 9.7yrs
  • Mike Running

    Senior Vice President of Global Engineering Solutions & Aftermarket Services

    • Tenure: 2.9yrs
  • Heather Beresford

    Senior Director of Communications & Investor Relations

    • Tenure: 0yrs

Board Members

  • Dean Foate (61yo)

    Non Executive Chairman

    • Tenure: 6.6yrs
    • Compensation: US$385.49k
  • Paul Rooke (60yo)

    Director

    • Tenure: 2.5yrs
    • Compensation: US$204.69k
  • Dave Drury (71yo)

    Director

    • Tenure: 21.7yrs
    • Compensation: US$222.44k
  • Stephen Cortinovis (69yo)

    Director

    • Tenure: 16.7yrs
    • Compensation: US$207.19k
  • Ralf Böer (71yo)

    Director

    • Tenure: 15yrs
    • Compensation: US$215.69k
  • Mike Schrock (66yo)

    Lead Director

    • Tenure: 6.6yrs
    • Compensation: US$228.44k
  • Peter Kelly (62yo)

    Director

    • Tenure: 14.3yrs
    • Compensation: US$215.44k
  • Rainer Jueckstock (60yo)

    Director

    • Tenure: 6.7yrs
    • Compensation: US$210.94k
  • Todd Kelsey (54yo)

    President

    • Tenure: 3yrs
    • Compensation: US$6.67m
  • Jo Eisenhart (60yo)

    Director

    • Tenure: 4.6yrs
    • Compensation: US$204.69k

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$1.798b
  • Shares outstanding: 29.28m
  • Website: https://www.plexus.com

Number of Employees


Location

  • Plexus Corp.
  • One Plexus Way
  • Neenah
  • Wisconsin
  • 54957
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PLXSNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDFeb 1986
PX4DB (Deutsche Boerse AG)YesCommon StockDEEURFeb 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 cha ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/21 23:40
End of Day Share Price2019/09/20 00:00
Earnings2019/06/29
Annual Earnings2018/09/29


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.