Plantronics
Plantronics, Inc. designs, manufactures, and markets lightweight communications headsets, telephone headset systems, other communication endpoints, and accessories for the business and consumer markets under the Plantronics brand worldwide. The last earnings update was 40 days ago. More info.
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- Plantronics has significant price volatility in the past 3 months.
PLT Share Price and Events
7 Day Returns
1 Year Returns
PLT Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Plantronics (PLT) | 3.6% | 0.5% | 40.3% | -13.6% | 33.5% | 10.7% |
| US Communications | 3.5% | 5.6% | 19% | 11.9% | 76.3% | 88.1% |
| US Market | 2.4% | 1.7% | 11.9% | 1.9% | 38.2% | 42.4% |
1 Year Return vs Industry and Market
- PLT underperformed the Communications industry which returned 11.9% over the past year.
- PLT underperformed the Market in United States of America which returned 1.9% over the past year.
Value
Is Plantronics 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
Plantronics
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 Plantronics.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 2 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 12% |
| 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% |
| Communications Unlevered Beta | Simply Wall St/ S&P Global | 1.08 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.084 (1 + (1- 21%) (88.38%)) |
1.563 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.56 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.563 * 5.96%) |
12.05% |
Discounted Cash Flow Calculation for NYSE:PLT using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Plantronics 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 (@ 12.05%) |
|
|---|---|---|---|
| 2019 | 182.59 | Analyst x1 | 162.96 |
| 2020 | 248.54 | Analyst x1 | 197.96 |
| 2021 | 298.47 | Analyst x1 | 212.17 |
| 2022 | 339.09 | Est @ 13.61% | 215.13 |
| 2023 | 374.16 | Est @ 10.34% | 211.86 |
| 2024 | 404.32 | Est @ 8.06% | 204.32 |
| 2025 | 430.45 | Est @ 6.46% | 194.13 |
| 2026 | 453.44 | Est @ 5.34% | 182.51 |
| 2027 | 474.11 | Est @ 4.56% | 170.31 |
| 2028 | 493.12 | Est @ 4.01% | 158.09 |
| Present value of next 10 years cash flows | $1,909.43 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $493.12 × (1 + 2.73%) ÷ (12.05% – 2.73%) |
$5,436.59 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $5,436.59 ÷ (1 + 12.05%)10 |
$1,742.95 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $1,909.43 + $1,742.95 |
$3,652.38 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $3,652.38 / 39.47 |
$92.54 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $92.54 |
| Current discount | Discount to share price of
$49.89
= -1 x ($49.89 - $92.54) / $92.54 |
46.1% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Plantronics's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Plantronics's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Plantronics's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Plantronics'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 (2018-12-31) in USD | $-2.90 |
| NYSE:PLT Share Price ** | NYSE (2019-03-18) in USD | $49.89 |
| United States of America Communications Industry PE Ratio | Median Figure of 33 Publicly-Listed Communications Companies | 30.4x |
| United States of America Market PE Ratio | Median Figure of 3,055 Publicly-Listed Companies | 17.61x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Plantronics.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:PLT Share Price ÷ EPS (both in USD) = 49.89 ÷ -2.90 |
-17.18x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Plantronics is loss making, we can't compare its value to the US Communications industry average.
- Plantronics is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does
Plantronics's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | -17.18x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts |
115.2%per year |
| United States of America Communications Industry PEG Ratio | Median Figure of 21 Publicly-Listed Communications Companies | 1.35x |
| United States of America Market PEG Ratio | Median Figure of 2,109 Publicly-Listed Companies | 1.48x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for Plantronics, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Plantronics's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in USD | $18.93 |
| NYSE:PLT Share Price * | NYSE (2019-03-18) in USD | $49.89 |
| United States of America Communications Industry PB Ratio | Median Figure of 67 Publicly-Listed Communications Companies | 1.84x |
| United States of America Market PB Ratio | Median Figure of 5,152 Publicly-Listed Companies | 1.87x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:PLT Share Price ÷ Book Value per Share (both in USD) = 49.89 ÷ 18.93 |
2.64x |
* Primary Listing of Plantronics.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Plantronics is overvalued based on assets compared to the US Communications industry average.
Value checks
We assess Plantronics'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 Communications 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 Communications industry average (and greater than 0)? (1 check) Plantronics has a total score of 2/6, 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 Plantronics expected to perform in the next 1 to 3 years based on estimates from 2 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
- Plantronics's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Plantronics's earnings growth is expected to exceed the United States of America market average.
- Plantronics's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:PLT Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts | 115.2% |
| NYSE:PLT Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts | 15.2% |
| United States of America Communications Industry Earnings Growth Rate | Market Cap Weighted Average | 15.2% |
| United States of America Communications Industry Revenue Growth Rate | Market Cap Weighted Average | 4.8% |
| 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 2 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-03-31 | 2,167 | 307 | 186 | 2 |
| 2020-03-31 | 2,070 | 270 | 98 | 2 |
| 2019-03-31 | 1,720 | 191 | -115 | 2 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 1,422 | 159 | -104 |
| 2018-09-30 | 1,147 | 144 | -112 |
| 2018-06-30 | 874 | 140 | -6 |
| 2018-03-31 | 857 | 121 | -1 |
| 2017-12-31 | 850 | 133 | 9 |
| 2017-09-30 | 856 | 122 | 81 |
| 2017-06-30 | 862 | 122 | 81 |
| 2017-03-31 | 881 | 139 | 83 |
| 2016-12-31 | 882 | 131 | 76 |
| 2016-09-30 | 875 | 147 | 70 |
| 2016-06-30 | 874 | 134 | 68 |
| 2016-03-31 | 857 | 150 | 68 |
*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 2 Analyst Estimates (S&P Global) | See Below |
All data from Plantronics 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 |
|---|---|---|---|---|
| 2021-03-31 | 2.90 | 2.90 | 2.90 | 1.00 |
| 2020-03-31 | -0.49 | -0.49 | -0.49 | 1.00 |
| 2019-03-31 | -3.79 | -3.79 | -3.79 | 1.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-31 | -2.90 |
| 2018-09-30 | -3.29 |
| 2018-06-30 | -0.17 |
| 2018-03-31 | -0.03 |
| 2017-12-31 | 0.27 |
| 2017-09-30 | 2.48 |
| 2017-06-30 | 2.51 |
| 2017-03-31 | 2.56 |
| 2016-12-31 | 2.36 |
| 2016-09-30 | 2.17 |
| 2016-06-30 | 2.07 |
| 2016-03-31 | 2.00 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Plantronics'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)
Plantronics has a total score of 5/6, 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 Plantronics 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
- Plantronics does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
- Unable to compare Plantronics's 1-year earnings growth to the 5-year average as it is not currently profitable.
- Unable to compare Plantronics's 1-year growth to the US Communications industry average as it is not currently profitable.
Earnings and Revenue History
All data from Plantronics 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 |
|---|---|---|---|---|
| 2018-12-31 | 1,422.19 | -104.12 | 465.62 | 162.20 |
| 2018-09-30 | 1,147.06 | -111.89 | 353.96 | 123.80 |
| 2018-06-30 | 874.29 | -5.55 | 231.56 | 86.68 |
| 2018-03-31 | 856.90 | -0.87 | 229.19 | 84.19 |
| 2017-12-31 | 849.71 | 8.79 | 224.37 | 84.60 |
| 2017-09-30 | 856.11 | 80.52 | 224.90 | 84.74 |
| 2017-06-30 | 862.00 | 81.04 | 224.08 | 87.19 |
| 2017-03-31 | 881.18 | 82.60 | 223.83 | 88.32 |
| 2016-12-31 | 882.02 | 76.06 | 227.19 | 89.91 |
| 2016-09-30 | 874.82 | 70.13 | 223.99 | 89.33 |
| 2016-06-30 | 873.66 | 67.55 | 221.41 | 89.56 |
| 2016-03-31 | 856.91 | 68.39 | 221.30 | 90.41 |
| 2015-12-31 | 847.87 | 81.24 | 218.50 | 88.96 |
| 2015-09-30 | 853.92 | 95.33 | 222.76 | 91.14 |
| 2015-06-30 | 854.71 | 104.86 | 228.82 | 92.30 |
| 2015-03-31 | 865.01 | 112.30 | 229.57 | 91.63 |
| 2014-12-31 | 873.32 | 114.42 | 227.86 | 91.73 |
| 2014-09-30 | 854.28 | 118.42 | 221.35 | 89.76 |
| 2014-06-30 | 832.45 | 114.14 | 209.51 | 86.44 |
| 2014-03-31 | 818.61 | 112.42 | 201.18 | 84.78 |
| 2013-12-31 | 813.72 | 113.18 | 196.04 | 83.68 |
| 2013-09-30 | 798.38 | 107.01 | 190.02 | 82.69 |
| 2013-06-30 | 783.68 | 109.79 | 184.64 | 81.60 |
| 2013-03-31 | 762.23 | 106.40 | 182.45 | 80.37 |
| 2012-12-31 | 735.63 | 101.58 | 179.30 | 77.30 |
| 2012-09-30 | 721.47 | 104.27 | 175.83 | 74.10 |
| 2012-06-30 | 719.13 | 105.87 | 177.12 | 72.40 |
| 2012-03-31 | 713.37 | 109.04 | 173.33 | 69.66 |
*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.
- It is difficult to establish if Plantronics has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
- It is difficult to establish if Plantronics has efficiently used its assets last year compared to the US Communications industry average (Return on Assets) as it is loss-making.
- It is difficult to establish if Plantronics improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
Past performance checks
We assess Plantronics'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 Communications 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)
Plantronics has a total score of 0/6, 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 Plantronics'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 Plantronics's finances.
The net worth of a company is the difference between its assets and liabilities.
- Plantronics is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Plantronics's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Debt is not covered by short term assets, assets are 0.5x 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 Plantronics Company Filings, last reported 2 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 744.22 | 1,740.41 | 341.58 |
| 2018-09-30 | 790.06 | 1,738.99 | 305.79 |
| 2018-06-30 | 374.53 | 492.87 | 645.19 |
| 2018-03-31 | 352.97 | 492.51 | 659.97 |
| 2017-12-31 | 329.02 | 492.15 | 499.07 |
| 2017-09-30 | 387.67 | 491.78 | 500.39 |
| 2017-06-30 | 388.42 | 491.42 | 487.48 |
| 2017-03-31 | 382.16 | 491.06 | 480.15 |
| 2016-12-31 | 350.12 | 490.70 | 419.90 |
| 2016-09-30 | 330.70 | 490.33 | 422.94 |
| 2016-06-30 | 310.57 | 489.97 | 399.37 |
| 2016-03-31 | 312.40 | 489.61 | 395.32 |
| 2015-12-31 | 303.43 | 489.25 | 385.35 |
| 2015-09-30 | 292.96 | 488.88 | 424.44 |
| 2015-06-30 | 456.45 | 488.52 | 589.99 |
| 2015-03-31 | 727.40 | 34.50 | 374.71 |
| 2014-12-31 | 776.17 | 0.00 | 371.00 |
| 2014-09-30 | 747.52 | 0.00 | 358.52 |
| 2014-06-30 | 713.73 | 0.00 | 328.44 |
| 2014-03-31 | 698.66 | 0.00 | 335.42 |
| 2013-12-31 | 692.25 | 0.00 | 321.93 |
| 2013-09-30 | 686.04 | 0.00 | 359.12 |
| 2013-06-30 | 673.57 | 0.00 | 357.95 |
| 2013-03-31 | 646.45 | 0.00 | 345.36 |
| 2012-12-31 | 596.37 | 20.00 | 328.90 |
| 2012-09-30 | 572.78 | 29.00 | 360.43 |
| 2012-06-30 | 540.81 | 42.00 | 355.37 |
| 2012-03-31 | 527.24 | 37.00 | 334.51 |
- Plantronics's level of debt (233.9%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (0% vs 233.9% today).
- Debt is not well covered by operating cash flow (9.1%, less than 20% of total debt).
- Plantronics is making a loss, therefore interest payments are not well covered by earnings.
Financial health checks
We assess Plantronics'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) Plantronics has a total score of 1/6, 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 Plantronics'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
Plantronics
shares you are expected to receive
$24
in your first year as a dividend.
Dividend Amount
- Plantronics's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
- Plantronics's dividend is below the markets top 25% of dividend payers in United States of America (3.64%).
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 2 Analyst Estimates (S&P Global) | See Below |
| United States of America Communications Industry Average Dividend Yield | Market Cap Weighted Average of 13 Stocks | 2.4% |
| 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 |
|---|---|---|
| 2021-03-31 | 0.40 | 1.00 |
| 2020-03-31 | 0.40 | 1.00 |
| 2019-03-31 | 0.40 | 1.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2018-11-06 | 0.600 | 1.429 |
| 2018-08-07 | 0.600 | 0.981 |
| 2018-01-30 | 0.600 | 0.922 |
| 2017-10-31 | 0.600 | 1.154 |
| 2017-08-08 | 0.600 | 1.373 |
| 2017-05-10 | 0.600 | 1.149 |
| 2017-05-01 | 0.600 | 1.079 |
| 2017-01-31 | 0.600 | 1.117 |
| 2016-11-01 | 0.600 | 1.120 |
| 2016-05-03 | 0.600 | 1.265 |
| 2016-02-01 | 0.600 | 1.603 |
| 2015-07-28 | 0.600 | 1.176 |
| 2015-07-27 | 0.600 | 1.059 |
| 2015-05-15 | 0.600 | 1.062 |
| 2015-04-27 | 0.600 | 1.096 |
| 2015-02-04 | 0.600 | 1.137 |
| 2015-01-26 | 0.600 | 1.271 |
| 2014-10-28 | 0.600 | 1.153 |
| 2014-04-30 | 0.600 | 1.288 |
| 2014-04-29 | 0.600 | 1.408 |
| 2014-01-27 | 0.400 | 0.918 |
| 2013-10-29 | 0.400 | 0.905 |
| 2013-08-06 | 0.400 | 0.874 |
| 2013-01-30 | 0.400 | 0.906 |
| 2012-10-31 | 0.400 | 1.138 |
| 2012-08-06 | 0.400 | 1.128 |
| 2012-05-01 | 0.400 | 1.260 |
| 2012-01-31 | 0.200 | 0.526 |
| 2011-11-01 | 0.200 | 0.572 |
| 2011-08-01 | 0.200 | 0.638 |
| 2011-05-03 | 0.200 | 0.557 |
| 2011-02-01 | 0.200 | 0.566 |
| 2010-11-02 | 0.200 | 0.548 |
| 2010-05-04 | 0.200 | 0.649 |
| 2010-01-26 | 0.200 | 0.659 |
| 2009-10-27 | 0.200 | 0.787 |
| 2009-07-28 | 0.200 | 0.780 |
| 2009-05-05 | 0.200 | 1.137 |
| 2009-03-19 | 0.200 | 1.661 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Income/ dividend checks
We assess Plantronics'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 Plantronics afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Plantronics has a total score of 2/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | $4,725,611 |
| AGE | 53 |
| TENURE AS CEO | 2.4 years |
CEO Bio
Mr. Joseph B. Burton, also known as Joe, has been the Chief Executive Officer and President at Plantronics, Inc. since October 2, 2016. Mr. Burton served as the Chief Commercial Officer at Plantronics, Inc. from July 2015 to October 2, 2016 and its Executive Vice President from September 5, 2015 to October 2, 2016. He served as Chief Technology Officer at Plantronics, Inc. from May 23, 2011 to September 5, 2015 and served as its Executive Vice President of Products, Technology & Strategy from 2014 to September 5, 2015. He served as Senior Vice President of Technology, Development & Strategy at Plantronics, Inc. from 2012 to 2014. He served as Senior Vice President of Engineering and Development at Plantronics, Inc., from joining it on May 23, 2011 to 2012. He has held several key executive, engineering leadership and architecture-level positions at Polycom, Cisco, Active Voice and other technology leaders. He served as the Chief Strategy and Technology Officer, Senior Vice President and General Manager of Enterprise and Service Provider at Polycom, Inc. since September 2010 and also served as its Executive Vice President. He has been a Director of Plantronics, Inc. since October 2016. Prior to that time, He served as the Co-General Manager of Cisco's UC Software business unit. He served as Chief Technology Officer of Unified Communications Business of Cisco Systems, Inc. from 2007 to September 20, 2010. Previously, Mr. Burton held several key architecture level positions at Cisco, Active Voice, and other technology leaders. He is the author of several communications patents and holds a Bachelor of Science (BS) degree in Computer Information Systems from Excelsior College (formerly Regents College). From 2010 to 2011, Mr. Burton was employed by Polycom, Inc. From 2001 to 2010, Mr. Burton was employed by Cisco Systems, Inc. and served in various roles with increasing responsibility including Vice President for Unified Communications and Vice President, SaaS Platform Engineering, Collaboration Software Group. He attended the Stanford Executive Program. Mr. Burton is a hands-on, visionary leader with a broad and detailed understanding of customer communications needs and challenges. His ability to anticipate market trends, years of in-depth experience guiding technology, product and brand strategies to meet customer needs and innovative and collaborative management approach provide distinctive and invaluable insights to the Plantronics, Inc. Board as a whole and exceptional leadership for the organization.
CEO Compensation
- Joe's compensation has increased whilst company is loss making.
- Joe'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 Plantronics management team in years:
- The average tenure for the Plantronics management team is less than 2 years, this suggests a new team.
Management Team
Joe Burton
President
$5M
53
2.4 yrs
Mary Huser
Executive VP and Chief Legal & Compliance Officer
$1M
54
1.2 yrs
Jeff Loebbaka
Executive Vice President of Global Sales
$2M
56
1.4 yrs
Shantanu Sarkar
Executive VP & GM of Personal Systems Business
$1M
49
2.3 yrs
Chuck Boynton
Executive VP & CFO
50
Alex Bustamante
Executive VP of Global Operations & President of Plamex
62
6.8 yrs
Paul Johnson
Chief Information Officer & VP
2.9 yrs
Michael Iburg
Vice President of Investor Relations
55
0.7 yrs
Edie Kissko
Senior Director of Corporate Communications
Amy Barzdukas
Executive VP & Chief Marketing Officer
1.2 yrs
Board of Directors Tenure
Average tenure and age of the Plantronics board of directors in years:
- The tenure for the Plantronics board of directors is about average.
Board of Directors
Bob Hagerty
Chairman of the Board
$223K
66
Joe Burton
President
$5M
53
3.2 yrs
Marv Tseu
Vice Chairman & Presiding Director
$280K
70
0.9 yrs
Gregg Hammann
Director
$237K
55
14.2 yrs
Marshall Mohr
Director
$232K
62
13.8 yrs
Brian Dexheimer
Director
$236K
55
10.9 yrs
John Hart
Independent Director
$225K
72
13 yrs
Guido Karel Jouret
Director
52
0.9 yrs
Frank Baker
Director
45
0.7 yrs
Dan Moloney
Director
58
0.7 yrs
Who owns this company?
Recent Insider Trading
- More shares have been bought than sold by Plantronics insiders in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 20. Feb 19 | Buy | Guido Karel Jouret | Individual | 19. Feb 19 | 19. Feb 19 | 1,500 | $49.03 | $73,545 | ||
| 13. Feb 19 | Buy | Brian Dexheimer | Individual | 12. Feb 19 | 12. Feb 19 | 25,000 | $46.50 | $1,155,232 | ||
| 06. Sep 18 | Sell | Shantanu Sarkar | Individual | 05. Sep 18 | 05. Sep 18 | -31 | $65.78 | $-2,039 | ||
| 04. Jun 18 | Sell | Greggory Hammann | Individual | 31. May 18 | 31. May 18 | -2,000 | $73.20 | $-146,391 | ||
| 09. May 18 | Sell | Pamela Strayer | Individual | 07. May 18 | 07. May 18 | -1,680 | $66.29 | $-111,366 | ||
Management checks
We assess Plantronics'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) Plantronics 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
Plantronics Shareholders Have Enjoyed A 32% Share Price Gain
(NYSE:PLT) share price. … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … During the three years of share price growth, Plantronics actually saw its earnings per share (EPS) drop 88% per year.
Simply Wall St - – Full articleBefore You Buy Plantronics, Inc. (NYSE:PLT), Consider Its Volatility
Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Before we go on, it's worth noting that Warren Buffett pointed out in his 2014 letter to shareholders that 'volatility is far from synonymous with risk.' Having said that, beta can still be rather useful. … The first thing to understand about beta is that the beta of the overall market is one.
Simply Wall St - – Full articleAt US$45.77, Is Plantronics Inc (NYSE:PLT) Worth Looking At Closely?
received a lot of attention from a substantial price movement on the NYSE over the last few months, increasing to $68.28 at one point, and dropping to the lows of $43.84. … A question to answer is whether Plantronics's current trading price of $45.77 reflective of the actual value of the? … Let’s take a look at Plantronics’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change
Simply Wall St - – Full articleIs There An Opportunity With Plantronics Inc's (NYSE:PLT) 23.67% Undervaluation?
by taking the expected future cash flows and discounting them 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 articleWhat Should Investors Know About Plantronics Inc's (NYSE:PLT) Capital Returns?
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 Plantronics is able to use capital to create earnings will help us understand your potential return. … Investors use many different metrics but the analysis below focuses on return on capital employed (ROCE).
Simply Wall St - – Full articleEstimating The Fair Value Of Plantronics Inc (NYSE:PLT)
by taking the expected future cash flows and discounting them 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 articleDoes Plantronics Inc's (NYSE:PLT) -101.05% Earnings Drop Reflect A Longer Term Trend?
After looking at Plantronics Inc's (NYSE:PLT) latest earnings update (31 March 2018), I found it helpful to revisit the company's performance in the past couple of years and compare this against the latest numbers. … See our latest analysis for Plantronics Was PLT's recent earnings decline indicative of a tough track record? … I like to use data from the most recent 12 months, which either annualizes the most recent 6-month earnings update, or in some cases, the most recent annual report is already the latest available financial data.
Simply Wall St - – Full articleIs Plantronics Inc (NYSE:PLT) Worth $54.88 Based On Its Intrinsic Value?
5-year cash flow forecast 2018 2019 2020 2021 2022 Levered FCF ($, Millions) $36.69 $121.09 $129.40 $132.08 $134.80 Source Analyst x1 Analyst x1 Analyst x1 Extrapolated @ (2.07%) Extrapolated @ (2.07%) Present Value Discounted @ 10.94% $33.07 $98.38 $94.77 $87.19 $80.22 Present Value of 5-year Cash Flow (PVCF)= $394 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) = $135 × (1 + 2.5%) ÷ (10.9% – 2.5%) = $1,631 Present Value of Terminal Value (PVTV) = TV / (1 + r)5 = $1,631 / ( 1 + 10.9%)5 = $971 The total value, or equity value, is then the sum of the present value of the cash flows, which in this case is $1,364. … NYSE:PLT Intrinsic Value Feb 12th 18 The assumptions I'd like to point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows.
Simply Wall St - – Full articleIs It Time To Buy Plantronics Inc (NYSE:PLT)?
Plantronics Inc (NYSE:PLT), a communications company based in United States, saw significant share price volatility over the past couple of months on the NYSE, rising to the highs of $55.27 and falling to the lows of $50.06. … It’s trading around 16% above my intrinsic value, which means if you buy Plantronics today, you’d be paying a relatively reasonable price for it. … Plantronics’s future growth appears to have been factored into the current share price, with shares trading around its fair value.
Simply Wall St - – Full articleShould You Be Tempted To Buy Plantronics Inc (PLT) Because Of Its PE Ratio?
Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for PLT Price per share = $52.78 Earnings per share = $2.448 ∴ Price-Earnings Ratio = $52.78 ÷ $2.448 = 21.6x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … For example, if you accidentally compared higher growth firms with PLT, then PLT’s P/E would naturally be lower since investors would reward its peers’ higher growth with a higher price. … Alternatively, if you inadvertently compared less risky firms with PLT, PLT’s P/E would again be lower since investors would reward its peers’ lower risk with a higher price as well.
Simply Wall St - – Full articleCompany Info
Description
Plantronics, Inc. designs, manufactures, and markets lightweight communications headsets, telephone headset systems, other communication endpoints, and accessories for the business and consumer markets under the Plantronics brand worldwide. The company’s enterprise products include headsets optimized for unified communications and collaboration, other corded and cordless communication headsets, audio processors, and telephone systems; and consumer products comprise Bluetooth and corded products for mobile device applications, personal computers, and gaming headsets. It provides audio solutions for enterprise and remote working offices, contact centers, computer and gaming, residential, and other applications, as well as mobile devices comprising mobile phones, smartphones, and tablets. The company offers its products to approximately 80 countries through a network of distributors, retailers, resellers, wireless carriers, original equipment manufacturers, and telephony and other service providers. It has strategic alliance agreement with eMite. Plantronics, Inc. was founded in 1961 and is headquartered in Santa Cruz, California.
Details
| Name: | Plantronics, Inc. |
| PLT | |
| Exchange: | NYSE |
| Founded: | 1961 |
| $1,969,158,300 | |
| 39,470,000 | |
| Website: | http://www.plantronics.com |
| Address: |
Plantronics, Inc. 345 Encinal Street, Santa Cruz, California, 95060, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | PLT | Common Stock | New York Stock Exchange | US | USD | 20. Jan 1994 | |
| DB | PTM | Common Stock | Deutsche Boerse AG | DE | EUR | 20. Jan 1994 |
Number of employees
Current staff
Industry
| Communications Equipment | |
| Tech |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/03/18 23:41 |
| End of day share price update: | 2019/03/18 00:00 |
| Last estimates confirmation: | 2019/03/11 |
| Last earnings filing: | 2019/02/06 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/03/31 |
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.
