Plantronics
Market Cap
US$332.1m
Last Updated
2020/04/04 07:41 UTC
Data Sources
Company Financials +
Executive Summary
Plantronics, Inc. designs, manufactures, and markets various integrated communications and collaborations solutions for corporate customers, small businesses, and individuals worldwide.
Rewards
Risk Analysis
Snowflake Analysis
Established dividend payer and fair value.
Similar Companies
Share Price & News
How has Plantronics's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PLT's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-17.7%
PLT
0.02%
US Communications
-2.0%
US Market
1 Year Return
-82.8%
PLT
-29.3%
US Communications
-15.1%
US Market
Return vs Industry: PLT underperformed the US Communications industry which returned -29.3% over the past year.
Return vs Market: PLT underperformed the US Market which returned -15.1% over the past year.
Shareholder returns
| PLT | Industry | Market | |
|---|---|---|---|
| 7 Day | -17.7% | 0.02% | -2.0% |
| 30 Day | -28.1% | -7.4% | -19.7% |
| 90 Day | -68.4% | -18.4% | -23.2% |
| 1 Year | -82.4%-82.8% | -27.6%-29.3% | -13.4%-15.1% |
| 3 Year | -82.8%-83.6% | 11.7%4.6% | 10.9%3.7% |
| 5 Year | -83.1%-84.3% | 37.5%21.9% | 28.4%14.4% |
Price Volatility Vs. Market
How volatile is Plantronics's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Investors Who Bought Plantronics (NYSE:PLT) Shares Five Years Ago Are Now Down 86%1 month ago | Simply Wall St
Trade Alert: The Independent Director Of Plantronics, Inc. (NYSE:PLT), Brian Dexheimer, Has Just Spent US$499k Buying Shares1 month ago | Simply Wall St
An Intrinsic Calculation For Plantronics, Inc. (NYSE:PLT) Suggests It's 31% UndervaluedValuation
Is Plantronics undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PLT ($8.67) is trading below our estimate of fair value ($51.18)
Significantly Below Fair Value: PLT is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PLT is unprofitable, so we can't compare its PE Ratio to the Communications industry average.
PE vs Market: PLT is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate PLT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PLT is good value based on its PB Ratio (0.6x) compared to the US Communications industry average (1.3x).
Next Steps
Future Growth
How is Plantronics forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
29.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PLT is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: PLT is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: PLT is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: PLT's revenue is expected to decline over the next 3 years (-2.3% per year).
High Growth Revenue: PLT's revenue is forecast to decline over the next 3 years (-2.3% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PLT's Return on Equity is forecast to be low in 3 years time (12%).
Next Steps
Past Performance
How has Plantronics performed over the past 5 years?
-67.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PLT is currently unprofitable.
Growing Profit Margin: PLT is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: PLT is unprofitable, and losses have increased over the past 5 years at a rate of -67.4% per year.
Accelerating Growth: Unable to compare PLT's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: PLT is unprofitable, making it difficult to compare its past year earnings growth to the Communications industry (-13.2%).
Return on Equity
High ROE: PLT has a negative Return on Equity (-29.05%), as it is currently unprofitable.
Next Steps
Financial Health
How is Plantronics's financial position?
Financial Position Analysis
Short Term Liabilities: PLT's short term assets ($688.0M) exceed its short term liabilities ($485.7M).
Long Term Liabilities: PLT's short term assets ($688.0M) do not cover its long term liabilities ($1.9B).
Debt to Equity History and Analysis
Debt Level: PLT's debt to equity ratio (275.5%) is considered high.
Reducing Debt: PLT's debt to equity ratio has increased from 0.05% to 275.5% over the past 5 years.
Balance Sheet
Inventory Level: PLT has a low level of unsold assets or inventory.
Debt Coverage by Assets: PLT's debt is not covered by short term assets (assets are 0.4x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: PLT has been profitable on average in the past, therefore cash runway is not a concern.
Forecast Cash Runway: PLT has been profitable on average in the past, therefore cash runway is not a concern.
Next Steps
Dividend
What is Plantronics's current dividend yield, its reliability and sustainability?
6.92%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PLT's dividend (6.92%) is higher than the bottom 25% of dividend payers in the US market (2.05%).
High Dividend: PLT's dividend (6.92%) is in the top 25% of dividend payers in the US market (5.71%)
Stability and Growth of Payments
Stable Dividend: PLT's dividends per share have been stable in the past 10 years.
Growing Dividend: PLT's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: PLT is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: PLT's dividends in 3 years are forecast to be well covered by earnings (21.9% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.3yrs
Average management tenure
CEO
Bob Hagerty (67yo)
0.17
Tenure
US$307,097
Compensation
Mr. Robert C. Hagerty, also known as Bob, serves as Interim Chief Executive Officer at Plantronics, Inc. since February 10, 2020. He has been a Director at Plantronics, Inc. since September 14, 2011 and se ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board & Interim CEO | 0.17yr | US$307.10k | 0.086% $285.0k | |
| Executive VP | 1.08yrs | US$463.25k | 0.0052% $17.3k | |
| Executive VP | 3.08yrs | US$2.05m | 0.021% $69.1k | |
| Executive VP & GM of Personal Systems Business | 3.42yrs | US$1.74m | 0.042% $139.7k | |
| Executive VP of Global Operations | 7.83yrs | no data | no data | |
| Senior VP | 0.17yr | no data | 0.055% $182.6k | |
| Chief Information Officer & VP | 4yrs | no data | no data | |
| Vice President of Investor Relations | 1.75yrs | no data | no data | |
| Senior Director & Head of Corporate Communications | no data | no data | no data | |
| Executive VP & Chief Marketing Officer | 2.25yrs | no data | no data |
2.3yrs
Average Tenure
55yo
Average Age
Experienced Management: PLT's management team is considered experienced (2.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board & Interim CEO | 0.17yr | US$307.10k | 0.086% $285.0k | |
| Independent Vice Chairman | 2.08yrs | US$319.60k | 0.072% $239.6k | |
| Independent Director | 15.25yrs | US$291.10k | 0.046% $153.8k | |
| Independent Director | 14.08yrs | US$273.97k | 0.017% $57.9k | |
| Non-Independent Director | 1.75yrs | US$237.47k | no data | |
| Independent Director | 12yrs | US$296.22k | 0.28% $944.5k | |
| Independent Director | 1.67yrs | US$248.69k | no data | |
| Independent Director | 14.83yrs | US$289.85k | 0.062% $205.8k | |
| Non-Independent Director | 1.75yrs | US$237.47k | 0.0076% $25.2k | |
| Independent Director | 2yrs | US$280.90k | 0.0054% $18.1k |
2.1yrs
Average Tenure
57.5yo
Average Age
Experienced Board: PLT's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: PLT insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 10%.
Top Shareholders
Company Information
Plantronics, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Plantronics, Inc.
- Ticker: PLT
- Exchange: NYSE
- Founded: 1961
- Industry: Communications Equipment
- Sector: Tech
- Market Cap: US$332.147m
- Shares outstanding: 38.31m
- Website: https://www.poly.com/in/en
Number of Employees
Location
- Plantronics, Inc.
- 345 Encinal Street
- Santa Cruz
- California
- 95060
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| PLT | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jan 1994 |
| PTM | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jan 1994 |
Biography
Plantronics, Inc. designs, manufactures, and markets various integrated communications and collaborations solutions for corporate customers, small businesses, and individuals worldwide. Its principal product categories include enterprise headsets, which comprise corded and cordless communication headsets; consumer headsets, such as Bluetooth and corded products for mobile device applications, personal computer, and gaming; voice, video, and content sharing solutions that include Open SIP desktop and conference room phones, and video endpoints designed to work with a range of unified communication and collaboration, unified communication as a service, and video as a service environments, including RealPresence collaboration solutions of infrastructure to endpoints that allows people to connect and collaborate; and support services. The company sells its products through a sales team, as well as through value-added resellers, integrators, direct marketing resellers, service providers, resellers, retailer, office supply distributors, wireless carriers, catalog and mail order companies, and mass merchants under the Poly, Plantronics, and Polycom brands, as well as RIG sub-brand. Plantronics, Inc. was founded in 1961 and is headquartered in Santa Cruz, California.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/04 07:41 |
| End of Day Share Price | 2020/04/03 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/03/31 |
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.