Preformed Line Products Co

Industrials
Water, Sewer, Pipeline, Comm & Power Line Construction
www.preformed.com

Earnings Score
Moat Score
Safety Score
Final Score

Market Cap $668.55M
PE 20
Debt $29.82M
Cash $47.50M
EV $650.87M
FCF $43.27M

Earnings

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Sales & Net Margins

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Earnings	$32.97M
EBIT	$40.40M
ROE	8%
ROA	7%
FCF	$43.27M
Equity	$428.99M
Growth Stability	100%
PE	20.28
PEG	1.06
PB	1.56
P/FCF	15.45
P/S	1.17
Price/Cash	0.07
Debt/Equity	0.07
Debt/FCF	0.69
Net Margins	6%
Gross Margins	32%
Op. Margins	7%
Earnings CAGR	24%
Sales Growth YoY	-8%
Sales Growth QoQ	6%
Sales CAGR	9%
FCF CAGR	13%
Equity CAGR	7%
Earnings Stability	0.87
Earnings Growth YoY	-49%
Earnings Growth QoQ	-18%
Earnings CAGR 5Y	19%

Sales CAGR 5Y	10%
FCF CAGR 5Y	38%
Equity CAGR 5Y	12%
Earnings CAGR 3Y	5%
Sales CAGR 3Y	5%
FCF CAGR 3Y	64%
Equity CAGR 3Y	13%
Market Cap	$668.55M
Revenue	$572.20M
Dividend Yield	1%
Payout Ratio	12%
Assets	$591.95M
Total Debt	$29.82M
Cash	$47.50M
Shares Outstanding	4.9M
EV	650.87M
Earnings Score	94%
Moat Score	82%
Safety Score	97%
Final Score	91%
Working Capital	206.65M
Current Ratio	2.81
Gross Profit	$182.28M
Shares Growth 3y	-0%
Equity Growth QoQ	3%
Equity Growth YoY	7%

Assets & ROA

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Stockholders Equity & ROE

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Preformed Line Products Co is a designer and manufacturer of products and systems for construction and maintenance of overhead and underground networks for the energy, telecommunication, cable operators, data communication and other industries. In addition, it provides solar hardware systems and mounting hardware for a variety of solar power applications. Its products consist of Energy Products, Communications Products, and Special Industries Products. The company's majority of the revenue is derived from the sale of products in the United States with operations also in The Americas, Europe, the Middle East and Africa, and Asia-Pacific. Most of its revenue gets driven by Energy products which comprise protecting transmission conductors, spacers, spacer-dampers, Stockbridge dampers.

SEC Filings

Direct access to Preformed Line Products Co (PLPC) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Preformed Line Products Co compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Preformed Line Products Co compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 24%

Stability 87%

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Preformed Line Products Co Discounted Cash Flow

Fully customizable DCF calculator online for Preformed Line Products Co.

Years

Calculation mode

= $1.1B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$43M	$49M	$56M	$63M	$71M	$81M	$92M	$104M	$118M	$134M	$152M	$1.5B
DCF		$45M	$46M	$47M	$49M	$50M	$52M	$53M	$55M	$57M	$58M	$584M
Value	$1.1B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	3%	2%	5%	3%	6%	5%	6%	7%	9%	9%	6%
ROA	-	4%	6%	7%	9%	8%	9%	10%	13%	14%	7%
ROE	-	3%	7%	5%	11%	9%	10%	11%	15%	15%	8%

Bad Net Margins (6.25%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	3.42	37.75	1.7	2.74	-30.72	3.58	4.12	-6.41	0.95	0.69
Debt over Equity	0.14	0.15	0.21	0.16	0.15	0.26	0.21	0.2	0.26	0.17	0.07
Growth Stability	-	-	-	100%	100%	100%	100%	100%	100%	100%	100%

Good Debt/FCF ratio (0.69)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Good Debt/Equity ratio (0.07)

The company is not overleveraged and has a good balance between equity and debt.

Good Graham’s Stability (100%)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-9%	-5%	12%	11%	6%	5%	11%	23%	5%	10%
Earnings YoY growth	-	-48%	129%	-17%	110%	-12%	28%	20%	52%	16%	19%
Equity YoY growth	-	-10%	2%	7%	5%	8%	9%	8%	13%	16%	12%
FCF YoY growth	-	25%	-87%	2K%	-40%	-117%	-859%	-11%	-195%	-601%	38%