Plexus (PLXS) AI Stock Analysis

• Market Cap: $3.64B
• Dividend Yield: N/A
• Average Volume (3M): 152.94K
• Price to Earnings (P/E): 26.7
• Beta (1Y): 1.06
• Revenue Growth: -0.69%
• EPS Growth: 42.26%
• Country: US
• Employees: 20,000
• Sector: Technology
• Sector Strength: 93
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 1.66
• Shares Outstanding: 27,089,960
• 10 Day Avg. Volume: 134,391
• 30 Day Avg. Volume: 152,943
• PEG Ratio: 1.33
• Price to Book (P/B): 2.71
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 10.41
• Enterprise Value/Market Cap: 0.98
• Enterprise Value/Revenue: 0.23
• Enterprise Value/Gross Profit: 8.93
• Enterprise Value/Ebitda: 3.37
• 1Y Price Target: $150.50
• Price Target Upside: 9.77% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 5

• Rating: 74 Outperform
• Price Target: $150.00 ▲(9.40%Upside)

Plexus Corp. exhibits strong earnings and financial fundamentals, underlined by excellent results in the recent earnings call, which highlight strategic wins and positive growth guidance. Technical indicators show moderate momentum, but valuation metrics suggest the stock is reasonably priced. Despite challenges such as tariff uncertainties and sector-specific declines, the overall outlook remains favorable.

Positive Factors

Growth and Fundamentals

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

Share Buyback

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

Negative Factors

Seasonal Headwinds

Earnings upside was driven by operational and working capital efficiency initiatives that helped offset typical seasonal headwinds.

Uncertain Macro Environment

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

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 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 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	Sep 2024	Sep 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: 137.11
• 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 Neutral. The current price of 137.11 is above the 20-day moving average (MA) of 134.83, above the 50-day MA of 132.56, and below the 200-day MA of 140.34, indicating a neutral trend. The MACD of 0.81 indicates Positive momentum. The RSI at 50.72 is Neutral, neither overbought nor oversold. The STOCH value of 12.23 is Positive, 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
OSIS	78 Outperform	$3.56B	26.01	16.73%	―	14.93%	12.89%
SANM	77 Outperform	$5.51B	24.10	11.03%	―	-1.50%	1.84%
PLXS	74 Outperform	$3.64B	26.65	10.93%	―	-0.69%	42.26%
TTMI	74 Outperform	$4.65B	61.18	5.02%	―	11.65%	―
LFUS	72 Outperform	$5.69B	54.15	4.39%	1.22%	-3.43%	-50.48%
BHE	69 Neutral	$1.40B	26.85	4.84%	1.75%	-7.36%	-20.46%
Sector *	63 Neutral	$34.26B	5.43	-11.67%	1.85%	5.30%	-18.55%

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.