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Plantronics

NYSE:PLT
Snowflake Description

High growth potential and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PLT
NYSE
$2B
Market Cap
  1. Home
  2. US
  3. Tech
Company 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 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
3.6%
NYSE:PLT
3.5%
US Communications
2.4%
US Market
1 Year Returns
-13.6%
NYSE:PLT
11.9%
US Communications
1.9%
US Market
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.
Price Volatility
PLT
Industry
5yr Volatility vs Market
Related Companies

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.
Raw Data    Our intrinsic value calculation method has changed recently, learn more here.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Plantronics.

NYSE:PLT Discounted Cash Flow Data Sources
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.

Calculation of Discount Rate/ Cost of Equity for NYSE:PLT
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.

NYSE:PLT DCF 1st Stage: Next 10 year cash flow forecast
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
NYSE:PLT DCF 2nd Stage: Terminal Value
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
NYSE:PLT Total Equity Value
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
NYSE:PLT Discount to Share Price
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
Amount off the current price Plantronics is available for.
Intrinsic value
46%
Share price is $49.89 vs Future cash flow value of $92.54
Current Discount Checks
For Plantronics to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • 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?
Raw Data
NYSE:PLT PE (Price to Earnings) Ratio Data Sources
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.

NYSE:PLT PE (Price to Earnings) Ratio Calculation
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?
Raw Data
NYSE:PLT PEG (Price to Earnings to Growth) Ratio Data Sources
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?
Raw Data
NYSE:PLT PB (Price to Book) Ratio Data Sources
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
NYSE:PLT PB (Price to Book) Ratio Calculation
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.
X
Value checks
We assess Plantronics's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Communications industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Communications industry average (and greater than 0)? (1 check)
  5. 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!
Annual Growth Rate
115.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Plantronics expected to grow at an attractive rate?
  • 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
Raw Data
NYSE:PLT Future Growth Rates Data Sources
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
Raw Data
NYSE:PLT Analysts Growth Expectations Data Sources
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 numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:PLT Future Estimates Data
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
NYSE:PLT Past Financials Data
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.

Super high growth metrics
High Growth Checks
  • Plantronics's earnings are expected to grow significantly at over 20% yearly.
  • Plantronics's revenue is expected to grow by 15.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:PLT 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.

NYSE:PLT Future Estimates Data
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
NYSE:PLT Past Financials Data
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.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Plantronics is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Plantronics's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
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
Below we compare Plantronics's growth in the last year to its industry (Communications).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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
Plantronics's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Plantronics Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:PLT Past Revenue, Cash Flow and Net Income Data
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.
X
Past performance checks
We assess Plantronics's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Communications industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of Plantronics's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • 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.
Raw Data

All data from Plantronics Company Filings, last reported 2 months ago.

NYSE:PLT Past Debt and Equity Data
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.
X
Financial health checks
We assess Plantronics's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Plantronics has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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
Dividend payments
1.2%
Current annual income from Plantronics dividends. Estimated to be 0.8% next year.
If you bought $2,000 of Plantronics shares you are expected to receive $24 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • 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.
Raw Data
NYSE:PLT Annualized Past and Future Dividends
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.

NYSE:PLT Future Dividends Estimate Data
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
NYSE:PLT Past Annualized Dividends Data
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.
Current Payout to shareholders
What portion of Plantronics's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • No need to calculate the sustainability of Plantronics's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Plantronics's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. 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)
  7. 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

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Joe Burton
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:

1.9
Average Tenure
54
Average Age
  • The average tenure for the Plantronics management team is less than 2 years, this suggests a new team.
Management Team

Joe Burton

TITLE
President
COMPENSATION
$5M
AGE
53
TENURE
2.4 yrs

Mary Huser

TITLE
Executive VP and Chief Legal & Compliance Officer
COMPENSATION
$1M
AGE
54
TENURE
1.2 yrs

Jeff Loebbaka

TITLE
Executive Vice President of Global Sales
COMPENSATION
$2M
AGE
56
TENURE
1.4 yrs

Shantanu Sarkar

TITLE
Executive VP & GM of Personal Systems Business
COMPENSATION
$1M
AGE
49
TENURE
2.3 yrs

Chuck Boynton

TITLE
Executive VP & CFO
AGE
50

Alex Bustamante

TITLE
Executive VP of Global Operations & President of Plamex
AGE
62
TENURE
6.8 yrs

Paul Johnson

TITLE
Chief Information Officer & VP
TENURE
2.9 yrs

Michael Iburg

TITLE
Vice President of Investor Relations
AGE
55
TENURE
0.7 yrs

Edie Kissko

TITLE
Senior Director of Corporate Communications

Amy Barzdukas

TITLE
Executive VP & Chief Marketing Officer
TENURE
1.2 yrs
Board of Directors Tenure

Average tenure and age of the Plantronics board of directors in years:

3.2
Average Tenure
56.5
Average Age
  • The tenure for the Plantronics board of directors is about average.
Board of Directors

Bob Hagerty

TITLE
Chairman of the Board
COMPENSATION
$223K
AGE
66

Joe Burton

TITLE
President
COMPENSATION
$5M
AGE
53
TENURE
3.2 yrs

Marv Tseu

TITLE
Vice Chairman & Presiding Director
COMPENSATION
$280K
AGE
70
TENURE
0.9 yrs

Gregg Hammann

TITLE
Director
COMPENSATION
$237K
AGE
55
TENURE
14.2 yrs

Marshall Mohr

TITLE
Director
COMPENSATION
$232K
AGE
62
TENURE
13.8 yrs

Brian Dexheimer

TITLE
Director
COMPENSATION
$236K
AGE
55
TENURE
10.9 yrs

John Hart

TITLE
Independent Director
COMPENSATION
$225K
AGE
72
TENURE
13 yrs

Guido Karel Jouret

TITLE
Director
AGE
52
TENURE
0.9 yrs

Frank Baker

TITLE
Director
AGE
45
TENURE
0.7 yrs

Dan Moloney

TITLE
Director
AGE
58
TENURE
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
X
Management checks
We assess Plantronics's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 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 -

Before 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 -

At 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 -

Is 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 -

What 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 -

Estimating 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 -

Does 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 -

Is 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 -

Is 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 -

Should 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 -

Company 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
Staff numbers
4,003
Plantronics employees.
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.