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

Fundamentals

Fair value with moderate growth potential.

Risks

  • Plantronics has significant price volatility in the past 3 months.

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


Market Performance


7 Day Return

1.9%

NYSE:PLT

-4.6%

US Communications

0.9%

US Market


1 Year Return

-58.1%

NYSE:PLT

-0.5%

US Communications

0.3%

US Market

PLT underperformed the Communications industry which returned -2.4% over the past year.

PLT underperformed the Market in United States of America which returned -0.5% over the past year.


Share holder returns

PLTIndustryMarket
7 Day1.9%-4.6%0.9%
30 Day-23.9%-13.6%-1.9%
90 Day-39.5%-11.3%1.6%
1 Year-57.5%-58.1%1.7%-0.5%2.6%0.3%
3 Year-42.1%-44.2%54.7%44.9%41.0%31.8%
5 Year-36.6%-40.3%83.7%64.8%55.2%38.0%

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 based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

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 Based on Earnings

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

Unable to calculate PEG ratio for Plantronics, we can't assess if its growth is good value.


Price Based on Value of Assets

Plantronics is good value based on assets compared to the US Communications industry average.


Next Steps

Future Growth

How is Plantronics expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

134.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Plantronics's revenue is expected to grow by 5.1% yearly, however this is not considered high growth (20% yearly).

Plantronics's earnings are expected to grow significantly at over 20% yearly.

Plantronics's revenue growth is positive but not above the United States of America market average.

Plantronics's earnings growth is expected to exceed the United States of America market average.

Plantronics's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Plantronics will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Plantronics performed over the past 5 years?

-60.0%

Historical annual earnings growth


Earnings and Revenue History


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.


Return on Equity

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.


Return on Assets

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.


Return on Capital Employed

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.


Next Steps

Financial Health

How is Plantronics's financial position?


Financial Position Analysis

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.


Debt to Equity History and Analysis

Plantronics's level of debt (245.3%) compared to net worth is high (greater than 40%).

Unable to establish if Plantronics's debt level has increased without past 5-year debt data.

Debt is not well covered by operating cash flow (5.6%, less than 20% of total debt).

Unable to confirm if the interest payments on Plantronics's debt are well covered by earnings due to lack of past financial data.


Balance Sheet

Low level of unsold assets.

Debt is not covered by short term assets, assets are 0.5x debt.


Next Steps

Dividend

What is Plantronics's current dividend yield, its reliability and sustainability?

1.43%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Plantronics's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

Plantronics's dividend is below the markets top 25% of dividend payers in United States of America (3.84%).

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

The company is paying a dividend however it is incurring a loss.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

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

2.4yrs

Average management tenure


CEO

Joe Burton (54yo)

2.8yrs

Tenure

US$8,524,244

Compensation

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 ...


CEO Compensation Analysis

Joe's remuneration is higher than average for companies of similar size in United States of America.

Joe's compensation has increased whilst company is loss making.


Management Age and Tenure

2.4yrs

Average Tenure

55yo

Average Age

The tenure for the Plantronics management team is about average.


Board Age and Tenure

2.5yrs

Average Tenure

57.5yo

Average Age

The average tenure for the Plantronics board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

BuyUS$85,59713 May 19
Charles Boynton
EntityIndividual
Role
Chief Financial Officer
Executive VP & CFO
Shares2,000
Max PriceUS$42.80
BuyUS$73,54520 Feb 19
Guido Karel Jouret
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,500
Max PriceUS$49.03
BuyUS$1,155,23213 Feb 19
Brian Dexheimer
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares25,000
Max PriceUS$46.50
SellUS$2,03906 Sep 18
Shantanu Sarkar
EntityIndividual
Role
Senior Key Executive
Executive VP & GM of Personal Systems Business
Shares31
Max PriceUS$65.78

Ownership Breakdown


Management Team

  • Chuck Boynton (51yo)

    Executive VP & CFO

    • Tenure: 0.4yrs
    • Compensation: US$463.25k
  • Jeff Loebbaka (57yo)

    Executive Vice President of Global Sales

    • Tenure: 1.8yrs
    • Compensation: US$1.68m
  • Michael Iburg (56yo)

    Vice President of Investor Relations

    • Tenure: 1.1yrs
  • Joe Burton (54yo)

    President

    • Tenure: 2.8yrs
    • Compensation: US$8.52m
  • Alex Bustamante (63yo)

    Executive VP of Global Operations

    • Tenure: 7.2yrs
  • Paul Johnson

    Chief Information Officer & VP

    • Tenure: 3.3yrs
  • Shantanu Sarkar (50yo)

    Executive VP & GM of Personal Systems Business

    • Tenure: 2.8yrs
    • Compensation: US$1.74m
  • Mary Huser (55yo)

    Executive VP

    • Tenure: 2.4yrs
    • Compensation: US$2.05m
  • Amy Barzdukas

    Executive VP & Chief Marketing Officer

    • Tenure: 1.6yrs
  • Edie Kissko

    Senior Director of Corporate Communications

    • Tenure: 0.0yrs

Board Members

  • Marv Tseu (71yo)

    Vice Chairman

    • Tenure: 1.4yrs
    • Compensation: US$319.60k
  • Gregg Hammann (56yo)

    Independent Director

    • Tenure: 14.6yrs
    • Compensation: US$291.10k
  • John Hart (73yo)

    Independent Director

    • Tenure: 13.4yrs
    • Compensation: US$273.97k
  • Bob Hagerty (67yo)

    Chairman of the Board

    • Tenure: 1.4yrs
    • Compensation: US$307.10k
  • Dan Moloney (59yo)

    Non-Independent Director

    • Tenure: 1.1yrs
    • Compensation: US$237.47k
  • Brian Dexheimer (56yo)

    Independent Director

    • Tenure: 11.3yrs
    • Compensation: US$296.22k
  • Marshall Mohr (63yo)

    Independent Director

    • Tenure: 14.2yrs
    • Compensation: US$289.85k
  • Frank Baker (46yo)

    Non-Independent Director

    • Tenure: 1.1yrs
    • Compensation: US$237.47k
  • Guido Karel Jouret (53yo)

    Independent Director

    • Tenure: 1.3yrs
    • Compensation: US$280.90k
  • Joe Burton (54yo)

    President

    • Tenure: 2.8yrs
    • Compensation: US$8.52m

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$1.059b
  • Shares outstanding: 37.96m
  • 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 produ ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/19 23:43
End of Day Share Price2019/08/19 00:00
Earnings2019/06/30
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.