$Plexus (PLXS.US)$In the analysis two years ago, it was excl...

The US company listed in 1986 primarily engages in electronic manufacturing services, with its main markets in Malaysia, the United States, and Mexico. The current price is 95.08.

In the past five years, revenue has grown for four years except in 2021, with an average growth rate of 7.9%. Operating profit has grown continuously for five years, with an average growth rate of 13%. Net income has grown for four years except in 2022, with an average growth rate of 6.3% in the past four years. Due to the impact of share buyback, the EPS growth rate has reached 9%. In 2023, interest expense accounts for 13% of operating profit, and the interest burden is slightly heavy. Gross margin has fluctuated around 9.3% in the past five years, and return on net assets has fluctuated around 12.5%.

In Q1 2024, revenue, operating profit, and net income declined by 10.2%, 21.3%, and 30.8% respectively.

The current PE ratio is 19.2, and the TTM PE ratio is 21.2. Considering that net income has declined significantly for three consecutive quarters, the current valuation is not attractive.