Plexus (PLXS) AI Stock Analysis

• Market Cap: $0.00
• Dividend Yield: N/A
• Average Volume (3M): 212.48K
• Price to Earnings (P/E): 22.2
• Beta (1Y): 0.00
• Revenue Growth: 2.31%
• EPS Growth: 48.63%
• Country: US
• Employees: 20,000
• Sector: Technology
• Sector Strength: 92
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 1.90
• Shares Outstanding: 0
• 10 Day Avg. Volume: 281,151
• 30 Day Avg. Volume: 212,476
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: 0.00
• Enterprise Value/Gross Profit: 0.00
• Enterprise Value/Ebitda: 0.00
• 1Y Price Target: $151.83
• Price Target Upside: 16.32% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 7

• Rating: 72 Outperform
• Price Target: $138.00 ▲(5.72% Upside)

Plexus scores well due to strong financial performance and positive earnings call insights, highlighted by robust cash flow and new program wins. Despite these strengths, technical indicators suggest bearish momentum, and a moderate valuation might deter some investors.

Positive Factors

Financial Performance

Plexus delivered better-than-expected F3Q25 results, with in-line sales and a notable EPS beat, mainly benefited by lower interest expense and a favorable tax adjustment.

Market Share and Demand

PLXS continues to take share, and demand remains strong with new wins with three top semi-cap customers in the quarter, which is expected to support continued outperformance vs the broader industry growth.

Negative Factors

End-market Recovery

End-market recovery tied to industrial and aerospace has not yet materially catalyzed.

Revenue Guidance

F4Q guidance was mixed; while adj-EPS guidance midpoint is slightly above consensus, sales midpoint came in below consensus.

Plexus Business Overview & Revenue Model

Company Description

Plexus Corp (PLXS) is a leading provider of electronics manufacturing services (EMS). The company operates globally, offering a comprehensive range of product design, supply chain, new product introduction, manufacturing, and aftermarket services to a diverse set of industries, including healthcare, life sciences, industrial, aerospace, defense, and communications. Plexus partners with its customers to provide innovative solutions that meet their unique needs, from concept to completion.

How the Company Makes Money

Plexus Corp generates revenue primarily through its electronics manufacturing services, which encompass a wide range of activities from design to aftermarket services. The company earns money by providing end-to-end solutions, including product conceptualization, design, prototyping, manufacturing, and supply chain management. Revenue streams are primarily project-based, with contracts negotiated with clients for specific services. Key factors contributing to its earnings include long-term partnerships with clients in high-complexity and regulated industries, which require specialized knowledge and adherence to stringent standards. Additionally, Plexus benefits from economies of scale and operational efficiencies achieved through its global network of manufacturing facilities.

Plexus Financial Statement Overview

Summary

Plexus shows strong financial health with stable revenue growth, efficient profitability metrics, low leverage, and excellent cash flow generation. However, there is a slight decline in free cash flow growth that warrants monitoring.

Income Statement

Plexus demonstrates robust revenue levels with a slight growth in revenue of 0.17% in the TTM period compared to the previous year, indicating stability. The company maintains a healthy gross profit margin of 10.1% and a net profit margin of 3.6%, reflecting efficient cost management and profitability. The EBIT margin stands at 5.0%, and the EBITDA margin is 5.9%, showing strong operational efficiency.

Balance Sheet

The balance sheet shows a strong equity position with an equity ratio of 43.8%, suggesting financial stability. The debt-to-equity ratio is 0.19, indicating low leverage which reduces financial risk. Return on Equity for the TTM is 10.6%, reflecting efficient use of equity to generate profits.

Cash Flow

Plexus exhibits solid cash flow performance with a significant operating cash flow to net income ratio of 2.84, indicating strong cash-generating capabilities. The free cash flow to net income ratio is 2.35, further emphasizing robust cash flow generation. However, the free cash flow growth rate is slightly negative, showing a minor decline from the previous period.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.96B	4.21B	3.81B	3.37B	3.39B
Gross Profit	378.53M	394.55M	347.23M	323.30M	312.71M
EBITDA	236.25M	288.55M	243.08M	240.28M	216.17M
Net Income	111.81M	139.09M	138.24M	138.91M	117.48M
Balance Sheet
Total Assets	3.15B	3.32B	3.39B	2.46B	2.29B
Cash, Cash Equivalents and Short-Term Investments	345.11M	256.23M	274.81M	270.17M	385.81M
Total Debt	279.59M	469.61M	495.38M	291.32M	371.58M
Total Liabilities	1.83B	2.11B	2.30B	1.43B	1.31B
Stockholders Equity	1.32B	1.21B	1.10B	1.03B	977.48M
Cash Flow
Free Cash Flow	341.32M	61.77M	-127.85M	85.48M	160.28M
Operating Cash Flow	436.50M	165.82M	-26.24M	142.58M	210.37M
Investing Cash Flow	-94.95M	-93.30M	-101.56M	-56.97M	-49.85M
Financing Cash Flow	-255.59M	-92.72M	139.29M	-203.88M	-1.46M

Plexus Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 130.53
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PLXS, the sentiment is Neutral. The current price of 130.53 is below the 20-day moving average (MA) of 131.13, below the 50-day MA of 132.60, and below the 200-day MA of 139.93, indicating a bearish trend. The MACD of -1.69 indicates Positive momentum. The RSI at 49.55 is Neutral, neither overbought nor oversold. The STOCH value of 73.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for PLXS.

Plexus Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SANM	80 Outperform	$0.00	25.06	11.58%	―	5.87%	20.66%
TTMI	76 Outperform	$0.00	49.21	5.89%	―	14.24%	424.78%
LFUS	74 Outperform	$6.24B	52.74	4.74%	1.12%	1.34%	-38.02%
BHE	73 Outperform	$1.40B	37.76	3.49%	1.80%	-5.95%	-43.46%
OSIS	72 Outperform	$3.69B	26.72	16.73%	―	14.93%	12.89%
PLXS	72 Outperform	$0.00	22.21	12.12%	―	2.31%	48.63%
Sector *	62 Neutral	$34.76B	5.42	-10.49%	2.07%	6.42%	-8.85%

Plexus Corporate Events

Plexus Announces New $100 Million Share Buyback

On May 14, 2025, Plexus Corp.’s Board of Directors approved a new share repurchase program, authorizing the buyback of up to $100 million of its common stock. This will commence after the current $50 million program, which has a remaining balance of $17.9 million as of May 13, 2025, expires. The company has not set a specific schedule for repurchases, indicating flexibility in timing and amount based on market conditions and other factors.

The most recent analyst rating on (PLXS) stock is a Buy with a $140.00 price target. To see the full list of analyst forecasts on Plexus stock, see the PLXS Stock Forecast page.