A Business at a Glance
0 of 1 daily views used (1 remaining). Sign up free for +5 more daily views (6 total), or try AAPL for a full preview.
PLEXUS CORP
PLXS
$7.0B
Mkt Cap
$254.45
-2.77%
PLEXUS CORP (PLXS) has a current P/E ratio of 39.6, compared to its historical median P/E of 20.2. The stock is currently considered Expensive based on its historical valuation range.
PLEXUS CORP (PLXS) has a 5-year average return on invested capital (ROIC) of 17.9%. This indicates strong capital allocation and a potential competitive advantage.
PLEXUS CORP (PLXS) has a market capitalization of $6.8B. It is classified as a mid-cap stock.
PLEXUS CORP (PLXS) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 0.96%.
Based on historical P/E analysis, PLEXUS CORP (PLXS) appears expensive. The current P/E of 39.6 is 96% above its historical median of 20.2. The estimated fair value CAGR (P/E method) is 14.0%.
PLEXUS CORP (PLXS) operates in the Printed Circuit Boards industry, within the Technology sector.
PLEXUS CORP (PLXS) reported annual revenue of $4.0 billion in its most recent fiscal year, based on SEC EDGAR filings.
At Plexus, we help create the products that build a better world. Driven by a passion for excellence, we partner with our customers to design, manufacture and service highly complex products in demanding regulatory environments. From life-saving medical devices and mission-critical aerospace and defense products to industrial automation systems and semiconductor capital equipment, our innovative solutions across the lifecycle of a product converge where advanced technology and human impact intersect. We provide these solutions to market-leading as well as disruptive companies globally in the Aerospace/Defense, Healthcare/Life Sciences, and Industrial market sectors, supported by a global team of over 20,000 members across our 26 facilities in the Americas ("AMER"), Asia-Pacific ("APAC") and Europe, Middle East and Africa ("EMEA") regions. Our Vision, Mission and Strategy Our vision is to help create the products that build a better world.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 0 | 4.0B | 4.0B | 4.2B | 3.9B | 3.5B |
| Net Income | 0 | 173M | 112M | 139M | 138M | 139M |
| EPS | $0.00 | $6.26 | $4.01 | $4.95 | $4.86 | $4.76 |
| Free Cash Flow | 0 | 154M | 341M | 62M | -128M | 85M |
| ROIC | - | 16.8% | 14.3% | 18.2% | 18.7% | 21.4% |
| Gross Margin | - | 10.1% | 9.6% | 9.4% | 8.8% | 9.3% |
| Debt/Equity | 0.00 | 0.03 | 0.03 | 0.04 | 0.04 | 0.04 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 0 | 202M | 168M | 196M | 178M | 176M |
| Operating Margin | 0.0% | 5.0% | 4.2% | 4.7% | 4.5% | 5.1% |
| ROE | 0.0% | 12.4% | 8.8% | 12.0% | 13.0% | 13.9% |
| Shares Outstanding | 27M | 28M | 28M | 28M | 28M | 29M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 2.4B | 2.7B | 2.6B | 2.5B | 2.9B | 3.3B | 3.5B | 3.5B | 3.9B | 4.2B | 4.0B | 4.0B | 0 |
| Gross Margin | 9.5% | 9.0% | 8.9% | 10.1% | 9.0% | 8.9% | 8.9% | 9.3% | 8.8% | 9.4% | 9.6% | 10.1% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 114M | 122M | 121M | 126M | 139M | 148M | 153M | 144M | 167M | 176M | 191M | 199M | 199M |
| EBIT | 101M | 115M | 99M | 130M | 118M | 142M | 153M | 176M | 178M | 196M | 168M | 202M | 0 |
| Op. Margin | 4.2% | 4.3% | 3.9% | 5.1% | 4.1% | 4.3% | 4.4% | 5.1% | 4.5% | 4.7% | 4.2% | 5.0% | 0.0% |
| Net Income | 87M | 94M | 76M | 112M | 13M | 109M | 117M | 139M | 138M | 139M | 112M | 173M | 0 |
| Net Margin | 3.7% | 3.6% | 3.0% | 4.4% | 0.5% | 3.3% | 3.4% | 4.0% | 3.5% | 3.3% | 2.8% | 4.3% | 0.0% |
| Non-Recurring | 14M | 1.6M | 5.8M | 162K | 0 | 1.7M | 9.1M | 3.3M | 2.0M | 23M | 25M | 4.7M | 4.7M |
| Returns on Capital | |||||||||||||
| ROIC | 17.1% | 13.7% | 10.2% | 15.1% | 9.0% | 14.1% | 17.0% | 21.4% | 18.7% | 18.2% | 14.3% | 16.8% | N/A |
| ROE | 11.8% | 11.6% | 8.7% | 11.5% | 1.3% | 12.2% | 12.7% | 13.9% | 13.0% | 12.0% | 8.8% | 12.4% | 0.0% |
| ROA | 5.7% | 5.7% | 4.4% | 6.0% | 0.7% | 5.5% | 5.5% | 5.8% | 4.7% | 4.1% | 3.5% | 5.5% | 0.0% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 88M | 77M | 128M | 172M | 67M | 115M | 210M | 143M | -26M | 166M | 437M | 249M | 0 |
| Free Cash Flow | 23M | 41M | 97M | 133M | 4.1M | 25M | 160M | 85M | -128M | 62M | 341M | 154M | 0 |
| Owner Earnings | 28M | 15M | 61M | 109M | 554K | 42M | 129M | 57M | -112M | 75M | 328M | 141M | -108M |
| CapEx | 65M | 35M | 31M | 39M | 63M | 91M | 50M | 57M | 102M | 104M | 95M | 95M | 0 |
| Maint. CapEx | 48M | 48M | 47M | 45M | 48M | 52M | 57M | 61M | 63M | 70M | 78M | 78M | 78M |
| Growth CapEx | 17M | 0 | 0 | 0 | 14M | 38M | 0 | 0 | 39M | 34M | 17M | 17M | 0 |
| D&A | 48M | 48M | 47M | 45M | 48M | 52M | 57M | 61M | 63M | 70M | 78M | 78M | 78M |
| CapEx/OCF | 73.8% | 45.8% | 24.4% | 22.4% | 93.9% | 78.6% | 23.8% | 40.0% | N/A | 62.7% | 21.8% | 38.2% | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 30M | 30M | 30M | 34M | 137M | 182M | 41M | 108M | 50M | 41M | 56M | 65M | 65M |
| Buyback Yield | 2.2% | 2.2% | 1.9% | 1.6% | 7.1% | 7.9% | 2.0% | 4.2% | 1.8% | 1.5% | 1.4% | 1.6% | 1.0% |
| Stock-Based Comp | 13M | 13M | 19M | 17M | 18M | 21M | 24M | 25M | 23M | 21M | 30M | 30M | 30M |
| Debt Repayment | 285M | 488M | 630M | 303M | 970M | 994M | 638M | 466M | 557M | 788M | 739M | 593M | 593M |
| Balance Sheet | |||||||||||||
| Net Debt | -288M | -29M | -29M | -256M | -109M | 64M | -346M | -229M | -230M | -213M | -302M | -262M | 0 |
| Cash & Equiv. | 347M | 357M | 433M | 569M | 297M | 224M | 386M | 270M | 275M | 256M | 345M | 306M | N/A |
| Long-Term Debt | 250M | 250M | 250M | 313M | 189M | 288M | 37M | 37M | 39M | 39M | 39M | 41M | 41M |
| Debt/Equity | 0.33 | 0.39 | 0.44 | 0.31 | 0.20 | 0.33 | 0.04 | 0.04 | 0.04 | 0.04 | 0.03 | 0.03 | 0.00 |
| Interest Coverage | 8.2 | 8.3 | 6.8 | 9.6 | 9.7 | 11.1 | 9.5 | 12.4 | 11.2 | 6.2 | 5.8 | 17.4 | 17.4 |
| Equity | 781M | 842M | 917M | 1.0B | 921M | 866M | 977M | 1.0B | 1.1B | 1.2B | 1.3B | 1.5B | 0 |
| Total Assets | 1.6B | 1.7B | 1.8B | 2.0B | 1.9B | 2.0B | 2.3B | 2.5B | 3.4B | 3.3B | 3.2B | 3.1B | 0 |
| Total Liabilities | 828M | 849M | 849M | 950M | 1.0B | 1.1B | 1.3B | 1.4B | 2.3B | 2.1B | 1.8B | 1.7B | 1.7B |
| Intangibles | N/A | N/A | N/A | 0 | 8.2M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | 766M | 861M | 937M | 1.0B | 1.1B | 1.2B | 1.3B | 1.4B | 1.6B | 1.7B | 1.8B | 2.0B | 2.0B |
| Working Capital | 684M | 755M | 783M | 710M | 779M | 673M | 776M | 802M | 810M | 860M | 834M | 880M | 880M |
| Current Assets | 1.2B | 1.3B | 1.4B | 1.6B | 1.5B | 1.5B | 1.8B | 1.9B | 2.8B | 2.7B | 2.5B | 2.4B | 2.4B |
| Current Liabilities | 547M | 579M | 650M | 908M | 738M | 866M | 1.0B | 1.1B | 2.0B | 1.8B | 1.6B | 1.5B | 1.5B |
| Per Share Data | |||||||||||||
| EPS | 2.52 | 2.74 | 2.24 | 3.24 | 0.38 | 3.50 | 3.93 | 4.76 | 4.86 | 4.95 | 4.01 | 6.26 | 0.00 |
| Owner EPS | 0.80 | 0.43 | 1.79 | 3.15 | 0.02 | 1.35 | 4.33 | 1.95 | -3.95 | 2.66 | 11.78 | 5.11 | -4.04 |
| Book Value | 22.57 | 24.46 | 26.87 | 29.66 | 26.84 | 27.89 | 32.70 | 35.23 | 38.52 | 43.22 | 47.51 | 52.67 | 0.00 |
| Cash Flow/Share | 2.56 | 2.22 | 3.74 | 4.97 | 1.95 | 3.72 | 7.04 | 4.89 | -0.92 | 5.90 | 15.65 | 9.02 | 2.91 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 34.6M | 34.4M | 34.1M | 34.6M | 34.3M | 31.0M | 29.9M | 29.2M | 28.4M | 28.1M | 27.9M | 27.6M | 26.8M |
| Valuation | |||||||||||||
| P/E Ratio | 15.8 | 14.3 | 20.2 | 19.3 | 148.2 | 21.1 | 17.6 | 18.4 | 20.3 | 19.1 | 35.7 | 23.0 | N/A |
| P/FCF | 59.7 | 32.6 | 16.0 | 16.2 | 477.0 | 92.9 | 12.9 | 29.9 | N/A | 43.1 | 11.7 | 25.8 | N/A |
| EV/EBIT | 9.5 | 7.8 | 10.3 | 12.5 | 13.0 | 13.7 | 9.4 | 11.8 | 14.2 | 12.2 | 20.6 | 16.8 | N/A |
| Price/Book | 1.8 | 1.6 | 1.7 | 2.1 | 2.1 | 2.7 | 2.1 | 2.5 | 2.6 | 2.2 | 3.0 | 2.7 | N/A |
| Price/Sales | 0.6 | 0.5 | 0.5 | 0.7 | 0.7 | 0.6 | 0.6 | 0.8 | 0.6 | 0.7 | 0.8 | 1.0 | N/A |
| FCF Yield | 1.7% | 3.1% | 6.2% | 6.2% | 0.2% | 1.1% | 7.8% | 3.3% | -4.6% | 2.3% | 8.5% | 3.9% | N/A |
| Market Cap | 1.4B | 1.4B | 1.5B | 2.2B | 1.9B | 2.3B | 2.1B | 2.6B | 2.8B | 2.7B | 4.0B | 4.0B | 6.8B |
| Avg. Price | 40.54 | 40.69 | 40.72 | 53.69 | 60.43 | 58.47 | 69.49 | 87.10 | 86.46 | 97.55 | 108.90 | 139.95 | 254.45 |
| Year-End Price | 39.94 | 39.28 | 45.33 | 62.47 | 56.31 | 73.95 | 69.04 | 87.46 | 98.77 | 94.68 | 143.32 | 143.68 | 254.45 |
PLEXUS CORP passes 4 of 9 quality checks, suggesting mixed fundamentals.
PLEXUS CORP trades at 39.6x trailing earnings, compared to its 15-year median P/E of 20.2x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 89.4x vs a median of 21.0x. The company's 5-year average ROIC is 17.9% with a gross margin of 9.4%. Total shareholder yield (buybacks) is 1.0%. At current prices, the estimated annualized return to fair value is +31.2%.
PLEXUS CORP (PLXS) has a net profit margin of 4.3%. This is a modest margin.
PLEXUS CORP (PLXS) generated $154 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
PLEXUS CORP (PLXS) has a debt-to-equity ratio of 0.03. This indicates a conservatively financed balance sheet.
PLEXUS CORP (PLXS) reported earnings per share (EPS) of $6.26 in its most recent fiscal year.
PLEXUS CORP (PLXS) has a return on equity (ROE) of 12.4%. This indicates moderate shareholder returns.
PLEXUS CORP (PLXS) has a 5-year average gross margin of 9.4%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 18 years of financial data for PLEXUS CORP (PLXS), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
PLEXUS CORP (PLXS) has a book value per share of $52.67, based on its most recent annual SEC filing.