Preformed Line Products Company (PLPC) vs Plug Power, Inc. (PLUG)

Preformed Line Products Company and Plug Power, Inc. are both Electrical Equipment & Parts companies. Plug Power, Inc. is the larger, with a market value of $2.8B against $2.1B — 1.3× the size. Plug Power, Inc. has negative trailing earnings, so its P/E is not meaningful; Preformed Line Products Company trades at 47.5×. Preformed Line Products Company grew revenue faster over the last twelve months: 17.1% against 10.6%. Preformed Line Products Company has the higher net margin (5.82% vs −220.6%) and the higher return on invested capital (9.05% vs −74.2%). Across the 19 metrics below, Preformed Line Products Company leads on 18 and Plug Power, Inc. on 1.

Valuation

Metric PLPC PLUG Electrical Equipment & Parts median
P/E 47.51 n/m 36.10
P/S 2.73 3.70 2.73
P/B 4.09 4.69 3.57
Price to free cash flow 58.28 n/m 33.31
EV/EBITDA 21.85 n/m 18.07
EV/Sales 2.68 4.37 2.75
Earnings yield 2.10% (63.64%) (5.84%)
Free cash flow yield 1.72% (18.94%) 0.00%

Profitability

Metric PLPC PLUG Electrical Equipment & Parts median
Gross margin 31.44% (18.55%) 25.38%
Operating margin 8.98% (172.77%) 0.00%
Net margin 5.82% (220.59%) 0.00%
Free cash flow margin 4.69% (70.20%) 0.00%
Return on equity 9.02% (139.62%) 0.94%
Return on assets 6.49% (59.19%) (1.50%)
Return on invested capital 9.05% (74.22%) 0.00%

Growth

Metric PLPC PLUG Electrical Equipment & Parts median
Revenue growth (TTM) 17.07% 10.59% 9.28%
EPS growth (last fiscal year) (4.80%) 47.01% —
Revenue growth, 5-year CAGR 7.49% 0.00% 9.80%
Net income growth, 5-year CAGR 3.43% 0.00% 0.00%

Health

Metric PLPC PLUG Electrical Equipment & Parts median
Debt to equity 0.08 1.38 0.08
Current ratio 2.99 2.32 2.18
Net debt to EBITDA (0.58) (0.11) 0.26

Dividend

Metric PLPC PLUG Electrical Equipment & Parts median
Dividend yield 0.63% — 0.84%
Payout ratio 0.06 0.00 0.00

Size

Metric PLPC PLUG Electrical Equipment & Parts median
Market cap 2.13b 2.78b 177.98m

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