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 $2.1B against $1.8B — 1.1× the size. Plug Power, Inc. has negative trailing earnings, so its P/E is not meaningful; Preformed Line Products Company trades at 39.6×. 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 17 and Plug Power, Inc. on 2.

Valuation

Metric PLPC PLUG Electrical Equipment & Parts median
P/E 39.61 n/m 31.20
P/S 2.28 2.58 2.28
P/B 3.41 3.27 3.19
Price to free cash flow 48.58 n/m 27.15
EV/EBITDA 18.15 n/m 15.80
EV/Sales 2.23 3.25 2.38
Earnings yield 2.52% (91.30%) (5.87%)
Free cash flow yield 2.06% (27.17%) 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%) 0.14%
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% 7.92%
EPS growth (last fiscal year) (4.80%) 47.01% 27.37%
Revenue growth, 5-year CAGR 7.49% 0.00% 9.92%
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 0.16
Current ratio 2.99 2.32 2.31
Net debt to EBITDA (0.58) (0.11) 0.26

Dividend

Metric PLPC PLUG Electrical Equipment & Parts median
Dividend yield 0.24% — 0.48%
Payout ratio 0.09 — 0.10

Size

Metric PLPC PLUG Electrical Equipment & Parts median
Market cap 1.81b 2.07b 157.22m

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