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

Average dividend payer and slightly overvalued.


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

5.3%

PLT

2.9%

US Communications

1.0%

US Market


1 Year Return

-36.0%

PLT

1.6%

US Communications

8.0%

US Market

Return vs Industry: PLT underperformed the US Communications industry which returned 1.6% over the past year.

Return vs Market: PLT underperformed the US Market which returned 8% over the past year.


Shareholder returns

PLTIndustryMarket
7 Day5.3%2.9%1.0%
30 Day0.7%-3.0%-0.07%
90 Day-2.7%-14.9%-1.0%
1 Year-35.1%-36.0%3.9%1.6%10.4%8.0%
3 Year-25.8%-28.5%53.0%43.2%46.2%36.7%
5 Year-17.0%-22.0%96.6%75.2%64.3%46.2%

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 ($37.21) is trading below our estimate of fair value ($131.53)

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 overvalued based on its PB Ratio (2.1x) compared to the US Communications industry average (1.8x).


Next Steps

Future Growth

How is Plantronics forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

134.9%

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 (4.3% per year) is forecast to grow slower than the US market (7.2% per year).

High Growth Revenue: PLT's revenue (4.3% 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 high in 3 years time (26.6%)


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

Earnings Trend: PLT is unprofitable, and losses have increased over the past 5 years at a rate of -60% 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 (23.8%).


Return on Equity

High ROE: PLT has a negative Return on Equity (-29.11%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: PLT is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: PLT is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Plantronics's financial position?


Financial Position Analysis

Short Term Liabilities: PLT's short term assets ($789.2M) exceeds its short term liabilities ($574.9M)

Long Term Liabilities: PLT's short term assets (789.2M) do not cover its long term liabilities (1.9B)


Debt to Equity History and Analysis

Debt Level: PLT's debt to equity ratio (245.3%) is considered high

Reducing Debt: Insufficient data to determine if PLT's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: PLT's debt is not well covered by operating cash flow (5.6%).

Interest Coverage: Insufficient data to determine if PLT's interest payments on its debt are well covered by EBIT.


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 0.5x debt).


Next Steps

Dividend

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

1.61%

Current Dividend Yield


Dividend Yield vs Market

company1.6%marketbottom25%1.4%markettop25%3.7%industryaverage2.9%forecastin3Years1.4%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: PLT's dividend (1.61%) is higher than the bottom 25% of dividend payers in the US market (1.44%).

High Dividend: PLT's dividend (1.61%) is low compared to the top 25% of dividend payers in the US market (3.68%).

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 thoroughly covered by earnings (7.9% payout ratio).


Next Steps

Management

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

2.6yrs

Average management tenure


CEO

Joe Burton (54yo)

3yrs

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

Compensation vs. Market: Joe's total compensation ($USD8.52M) is about average for companies of similar size in the US market ($USD4.07M).

Compensation vs Earnings: Joe's compensation has increased whilst the company is unprofitable.


Management Age and Tenure

2.6yrs

Average Tenure

55yo

Average Age

Experienced Management: PLT's management team is considered experienced (2.6 years average tenure).


Board Age and Tenure

2.7yrs

Average Tenure

57.5yo

Average Age

Experienced Board: PLT's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


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

Ownership Breakdown


Management Team

  • Chuck Boynton (51yo)

    Executive VP & CFO

    • Tenure: 0.6yrs
    • Compensation: US$463.25k
  • Jeff Loebbaka (57yo)

    Executive Vice President of Global Sales

    • Tenure: 2yrs
    • Compensation: US$1.68m
  • Michael Iburg (56yo)

    Vice President of Investor Relations

    • Tenure: 1.3yrs
  • Joe Burton (54yo)

    President

    • Tenure: 3yrs
    • Compensation: US$8.52m
  • Alex Bustamante (63yo)

    Executive VP of Global Operations

    • Tenure: 7.3yrs
  • Paul Johnson

    Chief Information Officer & VP

    • Tenure: 3.5yrs
  • Shantanu Sarkar (50yo)

    Executive VP & GM of Personal Systems Business

    • Tenure: 2.9yrs
    • Compensation: US$1.74m
  • Mary Huser (55yo)

    Executive VP

    • Tenure: 2.6yrs
    • Compensation: US$2.05m
  • Amy Barzdukas

    Executive VP & Chief Marketing Officer

    • Tenure: 1.8yrs
  • Edie Kissko

    Senior Director of Corporate Communications

    • Tenure: 0yrs

Board Members

  • Marv Tseu (71yo)

    Independent Vice Chairman

    • Tenure: 1.6yrs
    • Compensation: US$319.60k
  • Gregg Hammann (56yo)

    Independent Director

    • Tenure: 14.8yrs
    • Compensation: US$291.10k
  • John Hart (73yo)

    Independent Director

    • Tenure: 13.6yrs
    • Compensation: US$273.97k
  • Bob Hagerty (67yo)

    Independent Chairman of the Board

    • Tenure: 1.6yrs
    • Compensation: US$307.10k
  • Dan Moloney (59yo)

    Non-Independent Director

    • Tenure: 1.3yrs
    • Compensation: US$237.47k
  • Brian Dexheimer (56yo)

    Independent Director

    • Tenure: 11.5yrs
    • Compensation: US$296.22k
  • Marshall Mohr (63yo)

    Independent Director

    • Tenure: 14.3yrs
    • Compensation: US$289.85k
  • Frank Baker (46yo)

    Non-Independent Director

    • Tenure: 1.3yrs
    • Compensation: US$237.47k
  • Guido Karel Jouret (53yo)

    Independent Director

    • Tenure: 1.5yrs
    • Compensation: US$280.90k
  • Joe Burton (54yo)

    President

    • Tenure: 3yrs
    • 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$1.412b
  • 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 Analysis2019/10/21 23:42
End of Day Share Price2019/10/21 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.