Plantronics
Market Cap
US$1.3b
Last Updated
2021/01/14 23:43 UTC
Data Sources
Company Financials +
Executive Summary
Plantronics, Inc. designs, manufactures, markets, and sells integrated communications and collaborations solutions for corporate customers, small businesses, and individuals worldwide. More Details
Rewards
Risk Analysis
Currently unprofitable and not forecast to become profitable over the next 3 years
Snowflake Analysis
Slightly overvalued with imperfect balance sheet.
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 is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: PLT's weekly volatility has decreased from 16% to 10% over the past year.
Market Performance
7 Day Return
2.3%
PLT
2.0%
US Communications
0.6%
US Market
1 Year Return
-1.5%
PLT
-2.4%
US Communications
21.0%
US Market
Return vs Industry: PLT matched the US Communications industry which returned -1.1% over the past year.
Return vs Market: PLT underperformed the US Market which returned 22% over the past year.
Shareholder returns
| PLT | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.3% | 2.0% | 0.6% |
| 30 Day | 31.7% | 4.2% | 4.2% |
| 90 Day | 91.9% | 16.9% | 12.4% |
| 1 Year | -0.4%-1.5% | 0.4%-2.4% | 23.7%21.0% |
| 3 Year | -38.2%-40.5% | 17.1%8.8% | 47.4%37.6% |
| 5 Year | -17.4%-22.5% | 105.2%81.7% | 131.6%105.9% |
Long-Term 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
If You Had Bought Plantronics' (NYSE:PLT) Shares Three Years Ago You Would Be Down 49%2 months ago | Simply Wall St
Who Has Been Buying Plantronics, Inc. (NYSE:PLT) Shares?3 months ago | Simply Wall St
Are Investors Undervaluing Plantronics, Inc. (NYSE:PLT) By 43%?Valuation
Is Plantronics undervalued compared to its fair value and its price relative to the market?
35.6%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PLT ($32.52) is trading below our estimate of fair value ($50.5)
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 US 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 has negative assets, so we can't compare its PB Ratio to the US Communications industry average.
Next Steps
Future Growth
How is Plantronics forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
96.6%
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 (0.8% per year) is forecast to grow slower than the US market (10.2% per year).
High Growth Revenue: PLT's revenue (0.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PLT's Return on Equity is forecast to be very high in 3 years time (295.1%).
Next Steps
Past Performance
How has Plantronics performed over the past 5 years?
-82.8%
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 82.8% 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 (-0.1%).
Return on Equity
High ROE: PLT's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.
Next Steps
Financial Health
How is Plantronics's financial position?
Financial Position Analysis
Short Term Liabilities: PLT has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: PLT has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: PLT has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: PLT's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Balance Sheet
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: Whilst unprofitable PLT has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: PLT is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 12.6% per year.
Next Steps
Dividend
What is Plantronics's current dividend yield, its reliability and sustainability?
1.39%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate PLT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate PLT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if PLT's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if PLT's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: PLT is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of PLT's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.0yrs
Average management tenure
CEO
Dave Shull (47 yo)
0.33
Tenure
Mr. David M. Shull, also known as Dave, serves as President, Chief Executive Officer and Director at Plantronics, Inc. since September 08, 2020. He serves as the Chief Executive Officer of The Weather Grou...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive VP | 1.83yrs | US$5.07m | 0.027% $ 337.1k | |
| Executive VP | 1yr | US$2.34m | no data | |
| Executive VP & GM of Products | 2.08yrs | US$3.02m | 0.019% $ 237.4k | |
| President | 0.33yr | no data | no data | |
| Executive VP of Global Operations & President of Plamex | 8.58yrs | no data | no data | |
| Senior VP | 0.92yr | no data | 0.089% $ 1.1m | |
| Vice President of Investor Relations | 2.5yrs | no data | no data | |
| Executive VP | 0.17yr | no data | no data | |
| Senior Vice President of Public Affairs | 0.17yr | no data | no data | |
| Executive VP & Chief Human Resources Officer | 2.33yrs | no data | no data | |
| Chief Strategy Officer | 13yrs | no data | no data | |
| Senior Vice President of Strategic Alliances & Partnerships | 3yrs | no data | no data |
2.0yrs
Average Tenure
54.5yo
Average Age
Experienced Management: PLT's management team is not considered experienced ( 2 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 0.33yr | no data | no data | |
| Vice Chairman & Lead Independent Director | 2.83yrs | US$315.98k | 0.085% $ 1.1m | |
| Independent Director | 16yrs | US$292.48k | 0.067% $ 846.7k | |
| Chairman of the Board | 2.83yrs | US$936.60k | 0.098% $ 1.2m | |
| Non-Independent Director | 2.5yrs | US$249.98k | 0.19% $ 2.3m | |
| Independent Director | 12.75yrs | US$294.48k | 0.29% $ 3.7m | |
| Independent Director | 2.42yrs | US$269.98k | 0.022% $ 272.8k | |
| Independent Director | 15.58yrs | US$292.48k | 0.082% $ 1.0m | |
| Independent Director | 0.17yr | no data | 0.019% $ 240.4k | |
| Independent Director | 2.75yrs | US$260.48k | 0.027% $ 337.8k |
2.8yrs
Average Tenure
57yo
Average Age
Experienced Board: PLT's board of directors are not considered experienced ( 2.8 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: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
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$1.266b
- Shares outstanding: 38.91m
- Website: https://www.poly.com
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, markets, and sells integrated communications and collaborations solutions for corporate customers, small businesses, and individuals worldwide. Its principal produc...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/14 23:43 |
| End of Day Share Price | 2021/01/14 00:00 |
| Earnings | 2020/09/26 |
| Annual Earnings | 2020/03/28 |
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.