Plantronics designs, manufactures, and markets lightweight communications headsets, telephone headset systems, other communication endpoints, and accessories for the business and consumer markets under the Plantronics brand worldwide. The company was founded in 1961 and is based in Santa Cruz, California.
PLT Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Plantronics Inc with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Plantronics Inc ranked in the 12th percentile in terms of potential gain offered. Our DCF analysis suggests the stock is overvalued by about 88%. The most interesting components of our discounted cash flow analysis for Plantronics Inc ended up being:
The company's balance sheet shows it gets 39% of its capital from equity, and 61% of its capital from debt. Notably, its equity weight is greater than just 2.72% of US equities in the Technology sector yielding a positive free cash flow.
The company's compound free cash flow growth rate over the past 5.74 years comes in at -0.1%; that's greater than only 14.11% of US stocks we're applying DCF forecasting to.
Plantronics Inc's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -9.66. This coverage rate is greater than that of merely 8.75% of stocks we're observing for the purpose of forecasting via discounted cash flows.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Technology that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as PLT, try FARO, GLW, ON, QADB, and SAP.
Plantronics ([[PLT]] -9.0%) announced the appointment of Dave Shull as President, Chief Executive Officer and a member of the Company's Board of Directors, effective September 8, 2020.Mr. Shull succeeds Robert Hagerty, who has served as Interim CEO since February 2020. Mr. Hagerty will continue in his role as Chairman of...
Plantronics, Inc. (PLT) Q1 2021 Results Conference Call July 28, 2020 17:00 ET Company Participants Mike Iburg - Head, Investor Relations Bob Hagerty - Chairman & Interim Chief Executive Officer Chuck Boynton - Executive Vice President & Chief Financial Officer Conference Call Participants Meta Marshall - Morgan Stanley Mike Latimore...
Shares of Plantronics (NYSE: PLT) soared today, closing up 18%, after the company reported fiscal first-quarter earnings. Adjusted revenue in the fiscal first quarter declined by 22% to $361 million, which led to adjusted earnings per share of $0.33. "We are working aggressively to fulfill elevated headset demand driven by the hybrid working trend as we navigate product shifts and supply chain challenges," interim CEO Robert Hagerty said in a statement.