Plexus (PLXS) AI Stock Analysis

• Market Cap: $3.55B
• Dividend Yield: N/A
• Average Volume (3M): 122.27K
• Price to Earnings (P/E): 25.4
• Beta (1Y): 1.06
• Revenue Growth: -0.69%
• EPS Growth: 42.26%
• Country: US
• Employees: 20,000
• Sector: Technology
• Sector Strength: 84
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 1.66
• Shares Outstanding: 27,089,960
• 10 Day Avg. Volume: 124,439
• 30 Day Avg. Volume: 122,274
• PEG Ratio: 8.58
• Price to Book (P/B): 2.23
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -19.08
• Enterprise Value/Market Cap: 0.75
• Enterprise Value/Revenue: 0.17
• Enterprise Value/Gross Profit: 6.64
• Enterprise Value/Ebitda: 2.66
• 1Y Price Target: $155.67
• Price Target Upside: 18.96% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 4

• Rating: 75 Outperform
• Price Target: $147.00 ▲(12.33%Upside)

Plexus's overall stock score is driven by its strong financial performance and positive earnings call outcomes. While technical analysis provides mixed signals, and valuation suggests caution, the company's strategic initiatives and robust cash flow generation position it well for future growth.

Positive Factors

Growth and Fundamentals

Management meetings have increased confidence in growth and fundamentals, maintaining a positive outlook on the stock.

Operational Efficiency

Operational innovations are driving cost efficiencies and potential operating margin gains.

Shareholder Returns

Plexus announced a $100 million share-repurchase program, signifying a strong commitment to returning cash to shareholders.

Negative Factors

Market Conditions

The company's diversified manufacturing footprint and strong customer relationships in broad market verticals provide good balance, even with the uncertain macro.

Seasonal Headwinds

Plexus delivered solid results with earnings upside driven by operational and working capital efficiency initiatives that helped offset typical seasonal headwinds.

Plexus Business Overview & Revenue Model

Company Description

Plexus Corp., together with its subsidiaries, provides electronic manufacturing services in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It offers design and development, supply chain, new product introduction, and manufacturing solutions, as well as aftermarket services to companies in the healthcare/life sciences, industrial/commercial, aerospace/defense, and communications market sectors. Plexus Corp. was founded in 1979 and is headquartered in Neenah, Wisconsin.

How the Company Makes Money

Plexus Corp generates revenue through its end-to-end product realization services, which encompass the entire product lifecycle. The company earns money by providing design and engineering services that help customers develop new products. Additionally, Plexus manages supply chains and offers manufacturing services tailored to customer specifications. This includes both high-mix, low-volume, and low-mix, high-volume production. Another revenue stream comes from aftermarket services, which support product maintenance and lifecycle extension. Plexus collaborates closely with its clients, often forming strategic partnerships, which enhances its ability to secure long-term contracts and repeat business, significantly contributing to its revenue.

Plexus Financial Statement Overview

Summary

Plexus demonstrates strong financial health with stable revenue growth, efficient profitability metrics, low leverage, and excellent cash flow generation. The company is well-positioned in its industry, but should monitor the slight decline in free cash flow to ensure sustained financial performance.

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
TTM	Sep 2024	Sep 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
3.97B	3.96B	4.21B	3.81B	3.37B	3.39B
	Gross Profit
400.46M	378.53M	394.55M	347.23M	323.30M	312.71M
	EBIT
197.68M	167.73M	195.82M	113.49M	116.92M	100.87M
	EBITDA
253.34M	236.25M	288.55M	243.08M	240.28M	216.17M
	Net Income Common Stockholders
142.70M	111.81M	139.09M	138.24M	138.91M	117.48M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
310.53M	345.11M	256.23M	274.81M	270.17M	385.81M
	Total Assets
3.09B	3.15B	3.32B	3.39B	2.46B	2.29B
	Total Debt
242.50M	279.59M	469.61M	495.38M	291.32M	371.58M
	Net Debt
-68.04M	-65.52M	213.38M	220.57M	21.14M	-14.22M
	Total Liabilities
1.73B	1.83B	2.11B	2.30B	1.43B	1.31B
	Stockholders Equity
1.35B	1.32B	1.21B	1.10B	1.03B	977.48M
Cash Flow		Free Cash Flow
335.18M	341.32M	61.77M	-127.85M	85.48M	160.28M
	Operating Cash Flow
405.37M	436.50M	165.82M	-26.24M	142.58M	210.37M
	Investing Cash Flow
-70.25M	-94.95M	-93.30M	-101.56M	-56.97M	-49.85M
	Financing Cash Flow
-282.72M	-255.59M	-92.72M	139.29M	-203.88M	-1.46M

Plexus Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 130.86
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PLXS, the sentiment is Negative. The current price of 130.86 is below the 20-day moving average (MA) of 131.89, above the 50-day MA of 128.17, and below the 200-day MA of 139.51, indicating a neutral trend. The MACD of 0.69 indicates Positive momentum. The RSI at 49.16 is Neutral, neither overbought nor oversold. The STOCH value of 16.39 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for PLXS.

Plexus Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SANM	79 Outperform	$4.70B	20.58	11.03%	―	-1.50%	1.84%
OSIS	75 Outperform	$3.94B	27.34	16.73%	―	14.93%	12.89%
PLXS	75 Outperform	$3.55B	25.44	10.93%	―	-0.69%	42.26%
TTMI	74 Outperform	$3.77B	48.61	5.02%	―	11.65%	―
LFUS	72 Outperform	$5.48B	51.44	4.39%	1.26%	-3.43%	-50.48%
BHE	68 Neutral	$1.38B	26.37	4.84%	1.79%	-7.36%	-20.46%
Sector *	62 Neutral	$11.96B	10.09	-7.50%	3.10%	7.33%	-8.11%

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.