NYSE:PLT

Stock Analysis Report

Executive Summary

Plantronics, Inc. designs, manufactures, and markets various integrated communications and collaborations solutions for corporate customers, small businesses, and individuals worldwide.


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

1.6%

PLT

4.5%

US Communications

5.3%

US Market


1 Year Return

-79.0%

PLT

-26.9%

US Communications

-10.7%

US Market

Return vs Industry: PLT underperformed the US Communications industry which returned -26.9% over the past year.

Return vs Market: PLT underperformed the US Market which returned -10.7% over the past year.


Shareholder returns

PLTIndustryMarket
7 Day1.6%4.5%5.3%
30 Day-26.7%-1.4%-13.6%
90 Day-63.2%-16.2%-19.8%
1 Year-78.4%-79.0%-25.4%-26.9%-8.9%-10.7%
3 Year-80.2%-81.1%13.4%6.8%15.5%8.0%
5 Year-80.1%-81.5%43.7%28.2%35.2%20.4%

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

Valuation

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 ($10.06) 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 (0.7x) 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?

5.96%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PLT's dividend (5.96%) is higher than the bottom 25% of dividend payers in the US market (1.95%).

High Dividend: PLT's dividend (5.96%) is in the top 25% of dividend payers in the US market (5.37%)


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?

3.0yrs

Average management tenure


CEO

Bob Hagerty (67yo)

no data

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

NamePositionTenureCompensationOwnership
Robert Hagerty
Chairman of the Board & Interim CEOno dataUS$307.10k0.086% $330.7k
Charles Boynton
Executive VP1yrUS$463.25k0.0052% $20.1k
Mary Huser
Executive VP3yrsUS$2.05m0.021% $80.2k
Shantanu Sarkar
Executive VP & GM of Personal Systems Business3.25yrsUS$1.74m0.042% $162.1k
Alejandro Bustamante
Executive VP of Global Operations7.67yrsno datano data
Kristine Diamond
Senior VPno datano data0.055% $211.9k
Paul Johnson
Chief Information Officer & VP3.83yrsno datano data
Michael Iburg
Vice President of Investor Relations1.67yrsno datano data
Edie Kissko
Senior Director & Head of Corporate Communicationsno datano datano data
Amy Barzdukas
Executive VP & Chief Marketing Officer2.17yrsno datano data

3.0yrs

Average Tenure

55yo

Average Age

Experienced Management: PLT's management team is considered experienced (3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Robert Hagerty
Chairman of the Board & Interim CEOno dataUS$307.10k0.086% $330.7k
Marvin Tseu
Independent Vice Chairman2yrsUS$319.60k0.072% $278.0k
Greggory Hammann
Independent Director15.17yrsUS$291.10k0.046% $178.4k
John Hart
Independent Director14yrsUS$273.97k0.017% $67.2k
Daniel Moloney
Non-Independent Director1.67yrsUS$237.47kno data
Brian Dexheimer
Independent Director11.83yrsUS$296.22k0.28% $1.1m
Kathleen Crusco
Independent Director1.58yrsUS$248.69kno data
Marshall Mohr
Independent Director14.67yrsUS$289.85k0.062% $238.8k
Frank Baker
Non-Independent Director1.67yrsUS$237.47k0.0076% $29.2k
Guido Karel Jouret
Independent Director1.83yrsUS$280.90k0.0054% $21.0k

2.0yrs

Average Tenure

57.5yo

Average Age

Experienced Board: PLT's board of directors are not considered experienced ( 2 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$385.398m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PLTNYSE (New York Stock Exchange)YesCommon StockUSUSDJan 1994
PTMDB (Deutsche Boerse AG)YesCommon StockDEEURJan 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/31 23:57
End of Day Share Price2020/03/31 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


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.