Preformed Line Products Company Financial Ratios — PLPC

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	15.19	13.16	8.73	4.85	2.29	5.11	4.11	8.2	6.74	8.1	8.99	12.39	12.83	6.86	6.16
Return on Assets (%)	10.19	8.87	6.19	3.75	1.97	4.59	3.61	7.4	5.88	6.66	7.52	10.29	10.81	6.3	5.75
Return on Capital (%)	14.02	12.22	8.42	4.59	2.16	4.7	3.77	7.67	6.21	7.19	7.99	10.86	11.46	6.51	5.9
Return on Invested Capital (%)	13.98	11.92	8.94	5.86	4.57	6.06	4.91	10.37	7.74	8.38	9.34	13.38	13.84	7.93	8.75
Gross Margin (%)	33.19	32.89	31.94	31.16	29.17	32.5	31.37	31.42	31.6	33.02	32.13	33.78	35.07	31.97	31.16
EBITDA Margin (%)	13.62	13.03	11.72	10.12	9.2	9.96	10.55	11.36	10.42	11.59	12.2	14.49	15.39	12.06	11.68
Operating Margin (%)	11.14	10.4	8.77	6.81	5.95	6.4	7.16	8.4	7.33	8.62	9.19	11.91	12.57	8.55	8.24
Incremental Operating Margin (%)	23.78	-10.77	33.12	44.02	15.89	-2.39	13.37	19.39	-11.43	35.11	14.41	23.7	25.3	43.96	5.79
Pretax Margin (%)	10.84	10.21	7.76	5.52	3.3	6.22	6.82	7.74	7.07	8.7	9.45	11.57	12.3	8.55	6.82
Profit Margin (%)	7.3	6.67	5.02	3.31	1.88	4.53	3.35	6.32	5.24	6.39	6.91	8.54	9.46	6.25	5.27
Net Income to Common Margin (%)	7.3	6.67	5.02	3.31	1.88	4.53	3.35	6.32	5.24	6.39	6.91	8.54	9.46	6.25	5.27
Effective Tax Rate (%)	32.63	34.67	35.25	39.93	42.98	27.19	50.96	18.43	25.82	26.64	26.94	26.19	23.08	26.9	22.61
Dvd Payout Ratio (%)	14.14	22.17	11.2	34.31	65.78	27.34	32.39	15.38	18.1	14.08	11.56	7.53	6.48	10.98	11.66
Sustainable Growth Rate (%)	13.04	10.24	7.75	3.19	0.78	3.72	2.78	6.94	5.52	6.96	7.95	11.46	11.99	6.11	5.44

Credit (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	31	10	14	34	32	46	37	35	76	67	70	98	72	37	47
ST Debt	3	- -	1	2	1	3	2	10	14	25	22	23	15	12	8
LT Debt	28	9	13	32	32	43	35	25	62	42	48	75	57	25	39
Total Debt/EBITDA	0.53	0.17	0.3	0.86	0.99	1.36	0.93	0.74	1.64	1.24	1.1	1.06	0.7	0.51	0.6
Net Debt/EBITDA	-0.03	-0.32	-0.21	0.1	0.06	0.45	-0.19	-0.17	0.58	0.2	0.37	0.57	0.08	-0.4	-0.56
Total Debt/EBIT	0.65	0.21	0.4	1.27	1.53	2.12	1.36	1	2.33	1.67	1.47	1.29	0.85	0.72	0.86
Net Debt/EBIT	-0.03	-0.4	-0.28	0.15	0.09	0.7	-0.27	-0.23	0.82	0.27	0.49	0.69	0.1	-0.56	-0.8
EBITDA to Interest Expense	69.88	95.88	106.71	59.7	57.76	39.73	37.59	37.06	20.92	22.56	31.2	28.72	26.39	32.23	59.99
EBITDA-CapEx/Interest Expense	69.88	95.88	106.71	59.7	57.76	39.73	37.59	37.06	20.92	22.56	31.2	28.72	26.39	32.23	59.99
EBIT to Interest Expense	57.16	76.51	79.85	40.16	37.35	25.51	25.54	27.42	14.72	16.78	23.5	23.61	21.55	22.85	42.31
Interest Expense	1	1	- -	1	1	1	1	1	2	2	2	3	4	2	1
Common Equity/Total Assets	65.18	69.61	72.09	82.07	90.53	89.13	86.86	93.6	81.91	82.66	84.61	81.62	86.81	97.12	90.06
Long-Term Debt/Equity (%)	13.15	3.87	5.17	13.07	14.5	19.21	14.5	10.01	23.07	14.41	15.25	21.04	13.62	5.89	8.16
Long-Term Debt/Capital (%)	11.47	3.86	5.14	9.79	9.77	12.28	9.9	6.72	14.37	9.39	9.97	13.42	9.52	4.19	6.11
Long-Term Debt/Total Assets (%)	8.55	2.8	3.93	8.97	9.82	12.6	9.62	6.96	14.29	9.13	9.86	13.27	9.4	4.34	5.94
Total Debt/Equity (%)	14.39	4.06	5.69	13.86	14.74	20.45	15.47	14.22	28.33	22.93	22.06	27.37	17.26	8.69	9.91
Total Debt/Capital (%)	12.55	4.05	5.65	10.39	9.93	13.07	10.56	9.55	17.64	14.94	14.42	17.46	12.06	6.18	7.41
Total Debt/Total Assets (%)	9.35	2.94	4.32	9.51	9.98	13.41	10.26	9.88	17.55	14.52	14.26	17.27	11.91	6.39	7.21
Net Debt to Equity	-0.71	-7.6	-3.94	1.66	0.86	6.7	-3.12	-3.27	9.99	3.7	7.33	14.58	2.08	-6.79	-9.24
Net Debt/Capital (%)	-0.71	-8.58	-4.33	1.37	0.64	4.69	-2.44	-2.49	6.84	2.68	5.19	9.96	1.6	-5.34	-7.95
EBITDA	58	57	48	39	33	34	40	48	46	54	63	92	103	72	78
EBITDA-CapEx	58	57	48	39	33	34	40	48	46	54	63	92	103	72	78
Operating Income (Loss)	47	46	36	26	21	22	27	35	33	40	48	76	84	51	55

Liquidity (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	0.52	0.48	0.47	0.54	0.59	0.55	0.71	0.63	0.48	0.44	0.34	0.32	0.48	0.53	0.73
Current Ratio	3.32	3.33	3.56	3.63	3.48	3.41	3.3	3.08	2.86	2.47	2.58	2.85	2.92	2.91	3.17
Quick Ratio	1.63	1.54	1.76	1.76	1.82	1.7	1.88	1.68	1.51	1.33	1.28	1.41	1.44	1.56	1.71
CFO/Avg Current Liab	0.29	0.84	0.39	0.47	0.38	0.48	0.57	0.35	0.36	0.45	0.32	0.24	0.95	0.61	0.66
Common Equity/Total Assets	65.18	69.61	72.09	82.07	90.53	89.13	86.86	93.6	81.91	82.66	84.61	81.62	86.81	97.12	90.06
Long-Term Debt/Equity (%)	13.15	3.87	5.17	13.07	14.5	19.21	14.5	10.01	23.07	14.41	15.25	21.04	13.62	5.89	8.16
Long-Term Debt/Capital (%)	11.47	3.86	5.14	9.79	9.77	12.28	9.9	6.72	14.37	9.39	9.97	13.42	9.52	4.19	6.11
Long-Term Debt/Total Assets (%)	8.55	2.8	3.93	8.97	9.82	12.6	9.62	6.96	14.29	9.13	9.86	13.27	9.4	4.34	5.94
Total Debt/Equity (%)	14.39	4.06	5.69	13.86	14.74	20.45	15.47	14.22	28.33	22.93	22.06	27.37	17.26	8.69	9.91
Total Debt/Capital (%)	12.55	4.05	5.65	10.39	9.93	13.07	10.56	9.55	17.64	14.94	14.42	17.46	12.06	6.18	7.41
Total Debt/Total Assets (%)	9.35	2.94	4.32	9.51	9.98	13.41	10.26	9.88	17.55	14.52	14.26	17.27	11.91	6.39	7.21
CFO/Total Liabilities	14.89	54.77	26.9	22.74	19.38	22.13	27.9	21	16.49	24.64	19.43	12.46	57.56	44.53	41.26
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	5.07	5.59	6.27	4.86	4.63	4.69	5.03	5.02	4.25	4.34	4.33	4.57	5.56	5.8	6.64

Working Capital (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	6.79	6.72	6.34	5.73	5.39	5.3	5.51	5.72	5.68	5.29	5.42	5.7	5.77	5.44	5.96
Days Sales Outstanding	53.77	54.29	57.58	63.72	67.7	68.87	66.29	63.79	64.27	68.94	67.33	64.02	63.27	67.1	61.23
Inventory Turnover	3.51	3.36	3.47	3.47	3.35	3.15	3.41	3.54	3.36	3.23	3.31	3.22	2.94	2.9	3.31
Days Inventory Outstanding	104.09	108.68	105.2	105.08	108.93	115.98	107.12	103.15	108.55	112.88	110.2	113.33	124.35	125.94	110.36
Accounts Payable Turnover	11.36	12.35	12.2	12.41	11.29	10.95	11.16	11.48	11.51	10.49	9.95	10.2	10.31	9.66	10.49
Accounts Payable Turnover Days	32.12	29.55	29.92	29.42	32.33	33.35	32.7	31.78	31.72	34.8	36.69	35.8	35.41	37.8	34.81
Cash Conversion Cycle	125.75	133.42	132.86	139.38	144.3	151.5	140.72	135.16	141.1	147.02	140.83	141.55	152.2	155.24	136.78
Inventory to Cash Days	-50.32	-54.39	-47.62	-41.36	-41.23	-47.1	-40.83	-39.36	-44.28	-43.94	-42.87	-49.31	-61.08	-58.84	-49.12
Inventories	89	87	74	80	70	74	78	85	96	98	115	147	149	130	149
Raw Materials	47	46	40	40	35	38	43	43	50	54	77	105	99	75	96
Work In Process	9	8	8	8	7	9	10	9	9	9	10	14	14	12	17
Finished Goods	42	41	37	42	38	36	34	42	46	39	37	41	46	53	55
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	314	316	392	294	225	300	362	273	304	337	317	411	659	627	1,017
- Cash & Cash Equivalents	32	28	24	30	30	31	44	44	39	45	36	37	54	57	83
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	31	10	14	34	32	46	37	35	76	67	70	98	72	37	47
Enterprise Value	312	298	382	298	227	315	355	265	341	359	351	472	677	607	980
Total Capital	244	242	254	324	325	350	349	371	431	448	483	562	595	594	636
Total Debt/Capital (%)	12.55	4.05	5.65	10.39	9.93	13.07	10.56	9.55	17.64	14.94	14.42	17.46	12.06	6.18	7.41
Total Debt / EV	0.1	0.03	0.04	0.11	0.14	0.14	0.1	0.13	0.22	0.19	0.2	0.21	0.11	0.06	0.05
EV/Sales	0.74	0.68	0.93	0.77	0.64	0.94	0.94	0.63	0.77	0.77	0.68	0.74	1.01	1.02	1.46
EV/EBITDA	5.4	5.21	7.96	7.58	6.96	9.4	8.9	5.54	7.35	6.64	5.56	5.11	6.57	8.47	12.54
EV/EBIT	6.61	6.52	10.64	11.27	10.76	14.64	13.1	7.49	10.45	8.92	7.38	6.21	8.04	11.95	17.78
EV/Cash Flow to Firm	17.74	5.87	17.51	11.61	11.05	11.86	10.34	11.02	11.81	8.27	10	16.53	6.12	8.78	13.16
EV/Free Cash Flow to Firm	17.74	5.87	17.51	11.61	11.05	11.86	10.34	11.02	11.81	8.27	10	16.53	6.12	8.78	13.16
Diluted Market Cap	320	319	400	294	226	301	365	277	307	341	322	416	669	632	1,022
Diluted Enterprise Value	318	301	390	298	228	316	357	269	344	363	355	477	687	612	985
EV per Share	59.37	55.98	71.31	55.38	42.45	61.02	69.59	52.63	67.74	72.86	71.49	95.64	137.56	123.6	199.35
TTM Sales	424	439	410	388	355	337	378	421	445	466	517	637	670	594	669
TTM EBITDA	58	57	48	39	33	34	40	48	46	54	63	92	103	72	78
TTM Operating Income	47	46	36	26	21	22	27	35	33	40	48	76	84	51	55
TTM Cash Flow to Firm	18	51	22	26	21	27	34	24	29	43	35	29	111	69	74
TTM Free Cash Flow to Firm	18	51	22	26	21	27	34	24	29	43	35	29	111	69	74

Multiples (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	18.75	6.33	18.57	11.64	11.17	11.59	10.78	12.06	11.28	8.19	9.57	15.92	6.21	9.37	13.91
EV/EBIT	6.61	6.52	10.64	11.27	10.76	14.64	13.1	7.49	10.45	8.92	7.38	6.21	8.04	11.95	17.78
Enterprise Value	312	298	382	298	227	315	355	265	341	359	351	472	677	607	980
Low Price	40.92	50.33	60.3	44.9	28.3	25.85	44.5	49.4	45.12	36.16	57	54.97	78.53	109.01	118.99
EV/Sales	0.74	0.68	0.93	0.77	0.64	0.94	0.94	0.63	0.77	0.77	0.68	0.74	1.01	1.02	1.46
EV/EBITDA	5.4	5.21	7.96	7.58	6.96	9.4	8.9	5.54	7.35	6.64	5.56	5.11	6.57	8.47	12.54
Price/Earnings	10.13	10.8	19.05	22.84	33.74	19.68	28.65	10.27	13.03	11.31	8.89	7.55	10.4	16.91	28.81
Price/Earnings Average	10.54	10.66	18.51	23.97	32.76	14.36	22.91	13.82	12.13	8.78	9.54	6.23	10.62	16.76	23.34
Price/Earnings High	13.49	12.87	24.08	31.48	43.68	20.73	34.53	18.33	16.54	11.41	11.33	8.7	14.36	19.22	34.29
Price/Earnings Low	6.95	9.15	15.7	18.77	22.68	8.75	17.94	9.35	9.74	5.97	7.83	4.98	6.1	14.42	16.59
Price/Book Value	1.47	1.36	1.64	1.01	0.77	0.99	1.16	0.81	0.85	0.88	0.77	0.89	1.26	1.13	1.73
Price/Book Value Average	1.53	1.35	1.59	1.06	0.75	0.72	0.93	1.09	0.8	0.69	0.82	0.73	1.28	1.12	1.4
Price/Book Value High	1.96	1.63	2.07	1.39	1	1.04	1.4	1.45	1.09	0.89	0.98	1.02	1.74	1.28	2.06
Price/Book Value Low	1.01	1.16	1.35	0.83	0.52	0.44	0.73	0.74	0.64	0.47	0.68	0.58	0.74	0.96	0.99
Price/Tangible Book Value	1.66	1.5	1.73	1.39	1.17	1.52	1.71	1.21	1.35	1.36	1.15	1.3	1.76	1.62	2.34
Price/Tangible Book Value Average	1.72	1.48	1.68	1.46	1.14	1.11	1.37	1.63	1.25	1.05	1.24	1.07	1.8	1.61	1.89
Price/Tangible Book Value High	2.21	1.78	2.19	1.92	1.52	1.6	2.06	2.16	1.71	1.37	1.47	1.5	2.43	1.85	2.78
Price/Tangible Book Value Low	1.14	1.27	1.43	1.14	0.79	0.68	1.07	1.1	1.01	0.72	1.01	0.86	1.03	1.39	1.35
Price/Sales	0.74	0.72	0.96	0.76	0.64	0.89	0.96	0.65	0.68	0.72	0.61	0.64	0.98	1.06	1.52
Price/Sales Average	0.77	0.71	0.93	0.79	0.62	0.65	0.77	0.87	0.64	0.56	0.66	0.53	1	1.05	1.23
Price/Sales High	0.99	0.86	1.21	1.04	0.82	0.94	1.16	1.16	0.87	0.73	0.78	0.74	1.36	1.2	1.81
Price/Sales Low	0.51	0.61	0.79	0.62	0.43	0.4	0.6	0.59	0.51	0.38	0.54	0.43	0.58	0.9	0.87
Price/Cash Flow	18.4	6.28	18.21	11.63	11.13	11.56	10.72	11.88	11.16	8.09	9.45	15.7	6.12	9.29	13.84
Price/Cash Flow Average	19.15	6.2	17.69	12.2	10.81	8.44	8.57	15.99	10.38	6.28	10.15	12.96	6.25	9.22	11.21
Price/Cash Flow High	24.52	7.48	23.01	16.03	14.41	12.17	12.91	21.21	14.16	8.17	12.04	18.1	8.45	10.57	16.47
Price/Cash Flow Low	12.62	5.32	15.01	9.56	7.48	5.14	6.71	10.82	8.34	4.27	8.32	10.36	3.59	7.93	7.97
Price/Free Cash Flow Average	19.51	6.25	18.04	12.22	10.84	8.46	8.62	16.22	10.5	6.36	10.28	13.14	6.35	9.29	11.26
Price/Free Cash Flow High	24.98	7.55	23.47	16.04	14.46	12.2	12.99	21.52	14.32	8.27	12.2	18.35	8.58	10.65	16.55
Price/Free Cash Flow Low	12.86	5.37	15.31	9.57	7.51	5.15	6.75	10.98	8.43	4.33	8.43	10.51	3.65	7.99	8
EV/Sales Average	0.77	0.67	0.91	0.8	0.62	0.7	0.75	0.85	0.72	0.61	0.72	0.63	1.03	1.01	1.18
EV/Sales High	0.98	0.82	1.19	1.05	0.83	0.98	1.14	1.14	0.95	0.78	0.85	0.84	1.39	1.17	1.75
EV/Sales Low	0.5	0.57	0.76	0.63	0.43	0.44	0.58	0.57	0.59	0.43	0.6	0.52	0.6	0.87	0.82
EV/EBITDA Average	5.62	5.13	7.73	7.95	6.76	6.98	7.08	7.51	6.9	5.24	5.93	4.33	6.7	8.4	10.07
EV/EBITDA High	7.21	6.27	10.12	10.41	8.99	9.88	10.77	10.02	9.11	6.69	6.94	5.79	9	9.67	15.01
EV/EBITDA Low	3.7	4.36	6.53	6.25	4.7	4.43	5.51	5.03	5.7	3.7	4.96	3.6	3.93	7.19	7.02
EV/EBIT Average	6.87	6.44	10.33	11.82	10.45	10.87	10.43	10.15	9.8	7.05	7.87	5.27	8.21	11.85	14.28
EV/EBIT High	8.81	7.85	13.52	15.47	13.91	15.38	15.85	13.55	12.95	9	9.21	7.04	11.02	13.64	21.29
EV/EBIT Low	4.52	5.47	8.72	9.29	7.26	6.9	8.11	6.8	8.1	4.97	6.58	4.37	4.81	10.14	9.96
Last Price	59.66	59.42	73.16	54.63	42.1	58.12	71.05	54.25	60.35	68.44	64.7	83.29	133.86	127.79	206.71
High Price	79.5	70.82	92.46	75.29	54.5	61.21	85.63	96.83	76.6	69.07	82.46	96	184.82	145.28	245.99
Enterprise Value Average	325	294	371	312	221	234	283	359	320	283	374	400	691	601	787
Enterprise Value High	417	359	486	409	293	331	429	479	423	362	438	534	928	692	1,174
Enterprise Value Low	214	250	313	245	153	149	220	240	264	200	313	332	405	514	549

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5
Diluted Weighted Avg Shares	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5
Basic Weighted Avg Shares	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5
Revenue per Share	80.7	82.49	76.44	72.19	66.29	65.16	74.13	83.64	88.42	94.75	105.44	129.19	136.11	120.97	136.1
EBITDA per Share	10.99	10.75	8.96	7.31	6.1	6.49	7.82	9.5	9.22	10.98	12.86	18.72	20.95	14.59	15.89
Operating Income per Share	8.99	8.58	6.7	4.92	3.94	4.17	5.31	7.03	6.49	8.17	9.69	15.39	17.1	10.34	11.21
Basic EPS, GAAP	5.89	5.5	3.84	2.39	1.25	2.95	2.48	5.28	4.63	6.05	7.28	11.03	12.87	7.56	7.17
Basic EPS from Cont Ops	5.89	5.5	3.84	2.39	1.25	2.95	2.48	5.28	4.64	6.05	7.28	11.03	12.87	7.56	7.18
Diluted EPS, GAAP	5.78	5.45	3.77	2.39	1.24	2.95	2.47	5.2	4.58	5.98	7.19	10.88	12.67	7.5	7.14
Diluted EPS from Cont Ops	5.78	5.45	3.77	2.39	1.24	2.95	2.47	5.2	4.59	5.97	7.19	10.88	12.68	7.5	7.14
Dividend per Share	0.83	1.22	0.43	0.82	0.82	0.81	0.8	0.81	0.84	0.85	0.84	0.83	0.83	0.83	0.84
Cash Flow per Share	3.24	9.46	4.02	4.7	3.78	5.03	6.63	4.57	5.41	8.46	6.85	5.3	21.88	13.75	14.94
Free Cash Flow per Basic Share	3.24	9.46	4.02	4.7	3.78	5.03	6.63	4.57	5.41	8.46	6.85	5.3	21.88	13.75	14.94
Cash & Equivalents per Share	6.11	5.28	4.53	5.51	5.68	5.95	8.69	8.67	7.74	9.18	7.42	7.55	10.9	11.66	16.96
Book Value per Share	40.57	43.55	44.7	54.02	54.72	58.82	61.26	66.74	70.59	77.42	84.32	94.1	106.42	113.56	119.69
Tangible Book Value per Share	36	39.72	42.28	39.24	35.86	38.19	41.55	44.77	44.84	50.4	56.22	64.19	75.95	78.64	88.4

Preformed Line Products Company

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)