A Business at a Glance
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PREFORMED LINE PRODUCTS CO
PLPC
$1.5B
Mkt Cap
$311.22
-4.48%
PREFORMED LINE PRODUCTS CO (PLPC) has a current P/E ratio of 41.2, compared to its historical median P/E of 10.6. The stock is currently considered Expensive based on its historical valuation range.
PREFORMED LINE PRODUCTS CO (PLPC) has a 5-year average return on invested capital (ROIC) of 11.6%. This indicates solid capital allocation.
PREFORMED LINE PRODUCTS CO (PLPC) has a market capitalization of $1.5B. It is classified as a small-cap stock.
Yes, PREFORMED LINE PRODUCTS CO (PLPC) pays a dividend with a trailing twelve-month yield of 0.27%. The company also returns capital through share buybacks, with a buyback yield of 0.10%.
Based on historical P/E analysis, PREFORMED LINE PRODUCTS CO (PLPC) appears expensive. The current P/E of 41.2 is 289% above its historical median of 10.6. The estimated fair value CAGR (P/E method) is 12.4%.
PREFORMED LINE PRODUCTS CO (PLPC) operates in the Water, Sewer, Pipeline, Comm & Power Line Construction industry, within the Industrials sector.
Preformed Line Products Company together with its subsidiaries (the “Company” or “PLP”) is an international designer and manufacturer of products and systems employed in the construction and maintenance of overhead, ground-mounted and underground networks for energy, telecommunication, cable, data communication and other similar industries. The Company’s primary products support, protect, connect, terminate and secure cables and wires. The Company provides formed wire solutions, connectors, fiber optic and copper splice closures, solar hardware mounting applications, and electric vehicle charging station foundations. The Company’s goal is to continue to achieve profitable growth as a leader in the research, innovation, development, manufacture and marketing of technically advanced products and services primarily related to the energy and communications markets. The Company serves a worldwide market through strategically located domestic and international manufacturing facilities.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 697M | 669M | 594M | 670M | 637M | 517M |
| Net Income | 34M | 35M | 37M | 63M | 54M | 36M |
| EPS | $6.99 | $7.14 | $7.50 | $12.68 | $10.88 | $7.19 |
| Free Cash Flow | 35M | 33M | 53M | 72M | -14M | 15M |
| ROIC | 9.3% | 10.2% | 8.9% | 15.1% | 13.4% | 10.7% |
| Gross Margin | 30.9% | 31.2% | 32.0% | 35.1% | 33.8% | 32.1% |
| Debt/Equity | 0.09 | 0.11 | 0.09 | 0.19 | 0.28 | 0.20 |
| Dividends/Share | $0.83 | $0.81 | $0.80 | $0.80 | $0.80 | $0.83 |
| Operating Income | 56M | 55M | 51M | 84M | 69M | 48M |
| Operating Margin | 8.0% | 8.2% | 8.5% | 12.6% | 10.9% | 9.2% |
| ROE | 7.2% | 7.9% | 8.8% | 16.3% | 16.1% | 11.7% |
| Shares Outstanding | 5M | 5M | 5M | 5M | 5M | 5M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 388M | 355M | 337M | 378M | 421M | 445M | 466M | 517M | 637M | 670M | 594M | 669M | 697M |
| Gross Margin | 31.2% | 29.2% | 32.5% | 31.4% | 31.4% | 31.6% | 33.0% | 32.1% | 33.8% | 35.1% | 32.0% | 31.2% | 30.9% |
| R&D | 2.7M | 2.9M | 2.7M | 2.1M | 2.4M | 3.0M | 2.8M | 3.3M | 4.5M | 5.2M | N/A | N/A | N/A |
| SG&A | 43M | 37M | 42M | 43M | 45M | 52M | 56M | 55M | 70M | 75M | 67M | 75M | 79M |
| EBIT | 21M | 12M | 21M | 26M | 33M | 33M | 40M | 48M | 69M | 84M | 51M | 55M | 56M |
| Op. Margin | 5.5% | 3.5% | 6.4% | 6.9% | 7.8% | 7.3% | 8.6% | 9.2% | 10.9% | 12.6% | 8.5% | 8.2% | 8.0% |
| Net Income | 13M | 6.7M | 15M | 13M | 27M | 23M | 30M | 36M | 54M | 63M | 37M | 35M | 34M |
| Net Margin | 3.3% | 1.9% | 4.5% | 3.3% | 6.3% | 5.2% | 6.4% | 6.9% | 8.5% | 9.5% | 6.2% | 5.3% | 4.9% |
| Non-Recurring | 0 | 4.0M | 2.8M | 1.0M | 2.6M | 1.3M | 927K | 184K | 5.5M | 0 | 0 | -8K | -8K |
| Returns on Capital | |||||||||||||
| ROIC | 5.9% | 3.7% | 6.8% | 6.6% | 11.4% | 9.0% | 9.7% | 10.7% | 13.4% | 15.1% | 8.9% | 10.2% | 9.3% |
| ROE | 5.3% | 3.0% | 6.9% | 5.5% | 10.9% | 9.0% | 10.6% | 11.7% | 16.1% | 16.3% | 8.8% | 7.9% | 7.2% |
| ROA | 3.6% | 2.1% | 4.6% | 3.6% | 7.4% | 5.9% | 6.7% | 7.5% | 10.3% | 10.8% | 6.3% | 5.7% | 5.2% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 25M | 20M | 26M | 34M | 23M | 27M | 42M | 34M | 26M | 108M | 67M | 73M | 74M |
| Free Cash Flow | 7.6M | 9.5M | 1.2M | 23M | 13M | -2.3M | 17M | 15M | -14M | 72M | 53M | 33M | 35M |
| Owner Earnings | 11M | 8.4M | 13M | 18M | 6.3M | 9.1M | 24M | 14M | 5.1M | 84M | 43M | 45M | 44M |
| CapEx | 18M | 11M | 25M | 11M | 9.5M | 29M | 25M | 18M | 41M | 35M | 15M | 40M | 39M |
| Maint. CapEx | 13M | 12M | 12M | 13M | 12M | 14M | 14M | 16M | 16M | 19M | 21M | 23M | 24M |
| Growth CapEx | 4.8M | 0 | 13M | 0 | 0 | 16M | 11M | 2.8M | 24M | 16M | 0 | 17M | 15M |
| D&A | 13M | 12M | 12M | 13M | 12M | 14M | 14M | 16M | 16M | 19M | 21M | 23M | 24M |
| CapEx/OCF | N/A | N/A | N/A | 33.2% | 41.5% | 108.3% | 59.0% | 54.7% | 155.2% | 32.8% | 21.7% | N/A | 53.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 4.4M | 4.4M | 4.2M | 4.1M | 4.1M | 4.2M | 4.2M | 4.1M | 4.1M | 4.1M | 4.1M | 4.1M | 4.1M |
| Dividend Yield | N/A | N/A | N/A | 1.5% | 1.2% | 1.6% | 1.7% | 1.2% | 1.2% | 0.6% | 0.7% | N/A | 0.3% |
| Share Buybacks | 104K | 6.0M | 3.1M | 2K | 191K | 2.8M | 5.8M | 177K | 158K | 728K | 226K | 1.0M | 1.6M |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% | 1.0% | 1.8% | 0.1% | 0.0% | 0.1% | 0.0% | 0.0% | 0.1% |
| Stock-Based Comp | 1.5M | 248K | 1.4M | 3.1M | 4.2M | 4.4M | 4.1M | 4.2M | 4.6M | 4.9M | 3.4M | 5.0M | 6.4M |
| Debt Repayment | 57M | 52M | 58M | 64M | 85M | 64M | 110M | 114M | 156M | 186M | 130M | 6.6M | 6.6M |
| Balance Sheet | |||||||||||||
| Net Debt | -26M | -29M | 16M | -6.0M | -11M | 30M | 16M | 26M | 64M | 25M | -18M | -31M | -29M |
| Cash & Equiv. | 30M | 30M | 31M | 44M | 44M | 39M | 45M | 36M | 37M | 54M | 57M | 83M | 69M |
| Long-Term Debt | 32M | 32M | 43M | 35M | 25M | 54M | 33M | 40M | 68M | 49M | 18M | 33M | 35M |
| Debt/Equity | 0.14 | 0.15 | 0.21 | 0.16 | 0.15 | 0.26 | 0.21 | 0.20 | 0.28 | 0.19 | 0.09 | 0.11 | 0.09 |
| Interest Coverage | 32.3 | 21.9 | 25.4 | 24.6 | 25.5 | 14.7 | 16.8 | 23.5 | 21.6 | 21.6 | 23.1 | 39.4 | 39.4 |
| Equity | 243M | 219M | 224M | 239M | 249M | 269M | 292M | 316M | 359M | 416M | 422M | 476M | 474M |
| Total Assets | 354M | 323M | 341M | 360M | 359M | 434M | 461M | 489M | 568M | 603M | 574M | 654M | 662M |
| Total Liabilities | 111M | 104M | 117M | 121M | 109M | 165M | 169M | 173M | 210M | 187M | 152M | 178M | 30M |
| Intangibles | 32M | 27M | 10M | 10M | 8.5M | 15M | 14M | 0 | 0 | 0 | 0 | 0 | 9.8M |
| Retained Earnings | 290M | 292M | 303M | 312M | 334M | 353M | 379M | 411M | 461M | 520M | 553M | 584M | 594M |
| Working Capital | 145M | 128M | 134M | 144M | 145M | 151M | 153M | 167M | 213M | 213M | 207M | 249M | 248M |
| Current Assets | 201M | 180M | 189M | 207M | 214M | 232M | 256M | 272M | 328M | 325M | 316M | 363M | 371M |
| Current Liabilities | 55M | 52M | 55M | 63M | 69M | 81M | 104M | 106M | 115M | 111M | 108M | 115M | 124M |
| Per Share Data | |||||||||||||
| EPS | 2.39 | 1.24 | 2.95 | 2.47 | 5.21 | 4.58 | 5.98 | 7.19 | 10.88 | 12.68 | 7.50 | 7.14 | 6.99 |
| Owner EPS | 2.02 | 1.57 | 2.44 | 3.51 | 1.23 | 1.78 | 4.76 | 2.79 | 1.03 | 16.77 | 8.74 | 9.20 | 8.93 |
| Book Value | 45.14 | 40.68 | 43.23 | 46.56 | 48.88 | 52.78 | 58.61 | 63.61 | 71.73 | 83.32 | 85.39 | 96.23 | 96.87 |
| Cash Flow/Share | 4.69 | 3.76 | 5.02 | 6.60 | 4.50 | 5.35 | 8.36 | 6.76 | 5.23 | 21.55 | 13.64 | 14.87 | 11.88 |
| Dividends/Share | 0.80 | 0.80 | 0.80 | 0.80 | 0.80 | 0.83 | 0.84 | 0.83 | 0.80 | 0.80 | 0.80 | 0.81 | 0.83 |
| Shares Out. | 5.4M | 5.4M | 5.2M | 5.1M | 5.1M | 5.1M | 5.0M | 5.0M | 5.0M | 5.0M | 4.9M | 4.9M | 4.9M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | N/A | 27.2 | 9.7 | 12.5 | 10.6 | 8.5 | 7.2 | 10.6 | 16.8 | N/A | 44.5 |
| P/FCF | N/A | N/A | N/A | 15.2 | 19.2 | N/A | 18.5 | 19.9 | N/A | 9.3 | 11.8 | N/A | 43.8 |
| EV/EBIT | N/A | N/A | N/A | 12.9 | 7.3 | 9.5 | 7.7 | 6.5 | 6.2 | 8.0 | 11.6 | N/A | 26.8 |
| Price/Book | N/A | N/A | N/A | 1.4 | 1.0 | 1.1 | 1.1 | 1.0 | 1.1 | 1.6 | 1.5 | N/A | 3.2 |
| Price/Sales | N/A | N/A | N/A | 0.7 | 0.8 | 0.6 | 0.5 | 0.6 | 0.5 | 1.0 | 1.0 | N/A | 2.2 |
| FCF Yield | N/A | N/A | N/A | 6.6% | 5.2% | -0.8% | 5.4% | 5.0% | -3.7% | 10.7% | 8.5% | N/A | 2.3% |
| Market Cap | 0 | 0 | 0 | 345M | 259M | 291M | 316M | 303M | 393M | 673M | 624M | 0 | 1.5B |
| Avg. Price | 0.00 | 0.00 | 0.00 | 51.95 | 67.60 | 52.64 | 50.47 | 67.06 | 66.94 | 134.11 | 125.63 | 0.00 | 311.22 |
| Year-End Price | 0.00 | 0.00 | 0.00 | 67.25 | 50.69 | 57.22 | 63.32 | 61.04 | 78.60 | 134.80 | 126.18 | 0.00 | 311.22 |
PREFORMED LINE PRODUCTS CO passes 2 of 9 quality checks, indicating weak fundamentals.
PREFORMED LINE PRODUCTS CO trades at 41.2x trailing earnings, compared to its 15-year median P/E of 10.6x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 36.2x vs a median of 16.9x. The company's 5-year average ROIC is 11.6% with a gross margin of 32.8%. Total shareholder yield (dividends + buybacks) is 0.4%. At current prices, the estimated annualized return to fair value is +41.6%.
PREFORMED LINE PRODUCTS CO (PLPC) reported annual revenue of $669 million in its most recent fiscal year, based on SEC EDGAR filings.
PREFORMED LINE PRODUCTS CO (PLPC) has a net profit margin of 5.3%. This is a modest margin.
PREFORMED LINE PRODUCTS CO (PLPC) generated $33 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
PREFORMED LINE PRODUCTS CO (PLPC) has a debt-to-equity ratio of 0.11. This indicates a conservatively financed balance sheet.
PREFORMED LINE PRODUCTS CO (PLPC) reported earnings per share (EPS) of $7.14 in its most recent fiscal year.
PREFORMED LINE PRODUCTS CO (PLPC) has a return on equity (ROE) of 7.9%. This indicates moderate shareholder returns.
PREFORMED LINE PRODUCTS CO (PLPC) has a 5-year average gross margin of 32.8%. This indicates decent pricing power.
The Ledger Terminal provides 16 years of financial data for PREFORMED LINE PRODUCTS CO (PLPC), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
PREFORMED LINE PRODUCTS CO (PLPC) has a book value per share of $96.23, based on its most recent annual SEC filing.
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