Plexus Corp. (PLXS) vs Ralliant Corporation (RAL)

Plexus Corp. and Ralliant Corporation are both Electronic Components companies. Ralliant Corporation is the larger, with a market value of $7.7B against $7.0B — 1.1× the size. Ralliant Corporation has negative trailing earnings, so its P/E is not meaningful; Plexus Corp. trades at 38.0×. Plexus Corp. grew revenue faster over the last twelve months: 14.2% against 6.61%. Plexus Corp. has the higher net margin (4.03% vs −56.4%) and the higher return on invested capital (9.68% vs −30.2%). Across the 19 metrics below, Plexus Corp. leads on 14 and Ralliant Corporation on 5.

Valuation

Metric PLXS RAL Electronic Components median
P/E 38.02 n/m 39.06
P/S 1.53 3.57 3.22
P/B 4.60 5.09 3.30
Price to free cash flow 113.59 23.81 26.65
EV/EBITDA 22.74 23.26 19.69
EV/Sales 1.52 4.21 3.53
Earnings yield 2.63% (15.59%) 1.34%
Free cash flow yield 0.88% 4.20% 0.40%

Profitability

Metric PLXS RAL Electronic Components median
Gross margin 10.04% 50.95% 33.21%
Operating margin 5.02% (53.31%) 3.53%
Net margin 4.03% (56.38%) 2.57%
Free cash flow margin 1.35% 14.99% 0.20%
Return on equity 12.58% (53.90%) 2.60%
Return on assets 5.50% (27.75%) 2.50%
Return on invested capital 9.68% (30.20%) 2.28%

Growth

Metric PLXS RAL Electronic Components median
Revenue growth (TTM) 14.20% 6.61% 12.01%
EPS growth (last fiscal year) 56.11% (442.61%) —
Revenue growth, 5-year CAGR 3.53% — 7.19%
Net income growth, 5-year CAGR 8.03% — 0.00%

Health

Metric PLXS RAL Electronic Components median
Debt to equity 0.18 0.75 0.16
Current ratio 1.49 1.52 2.41
Net debt to EBITDA (0.60) 2.22 0.32

Dividend

Metric PLXS RAL Electronic Components median
Dividend yield — — 1.18%
Payout ratio 0.00 — 0.00

Size

Metric PLXS RAL Electronic Components median
Market cap 6.97b 7.74b 780.25m

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