Plexus Corp China Subsidiary Removed from BIS’s Unverified List
December 29, 2023
🌥️Trending News
Plexus Corp ($NASDAQ:PLXS), a leading manufacturer of electronic and electrical components, has announced that its China subsidiary has been removed from the Bureau of Industry and Security’s (BIS) Unverified List. This is a significant milestone for the company, which has worked hard to ensure that it is in compliance with all export control regulations. The company operates extensively in the US, but also has a presence in Europe, the Asia Pacific region, and Latin America. By removing its China subsidiary from the BIS’s Unverified List, Plexus Corp is now able to continue its operations without interruption and can ensure that its customers will continue to benefit from its cutting-edge products and services.
This decision is a testament to the company’s commitment to meeting the highest standards of quality and integrity. Overall, this is great news for Plexus Corp and its shareholders as it indicates that the company is compliant with all export laws and regulations. It is also a positive development for its many customers who depend on its reliable products and services.
Price History
On Wednesday, news broke out that PLEXUS CORP‘s China subsidiary had been removed from the Unverified List of the U.S. Department of Commerce’s Bureau of Industry and Security (BIS). This news was met with a slight drop in the company’s stock price as it opened at $109.9 and closed at $108.2, down 1.2% from the previous closing price of 109.5. This good news for the company is expected to encourage investors to take a closer look into the company’s operations as they will now be able to carry out transactions with the Chinese subsidiary that had been previously blocked by the BIS’s Unverified List. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Plexus Corp. More…
| Total Revenues | Net Income | Net Margin |
| 4.21k | 139.09 | 3.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Plexus Corp. More…
| Operations | Investing | Financing |
| 75.59 | -101.56 | 139.29 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Plexus Corp. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.32k | 2.11k | 44.19 |
Key Ratios Snapshot
Some of the financial key ratios for Plexus Corp are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.5% | 11.2% | 4.6% |
| FCF Margin | ROE | ROA |
| -0.5% | 10.0% | 3.6% |
Analysis
At GoodWhale, we analyze PLEXUS CORP‘s fundamentals to help investors make informed decisions. Our Star Chart rates PLEXUS CORP’s asset strength as strong, its growth, profitability, and dividend as medium. We also give PLEXUS CORP a health score of 8 out of 10. This score is based on our assessment of the company’s cashflows and debt, which indicate that the company can ride out any crisis without the risk of bankruptcy. Based on our analysis, we classify PLEXUS CORP as a ‘cheetah’, a type of company that achieved high revenue or earnings growth but is considered less stable due to lower profitability. Given this assessment, investors who are willing to accept higher risks for potential higher returns may find PLEXUS CORP attractive. More…
Peers
The competition between Plexus Corp and its competitors is fierce. Each company is trying to gain market share and produce the best products and services. The companies are constantly innovating and improving their offerings. The competition is beneficial for consumers as it drives down prices and improves quality.
– Venture Corp Ltd ($SGX:V03)
Venture Corp Ltd is a Singapore-based provider of electronics manufacturing services. The company has a market cap of 5.16B as of 2022 and a return on equity of 9.37%. The company provides a range of services including design, development, and manufacturing of electronic products and components. It also offers assembly and testing services. The company serves a wide range of industries including automotive, medical, industrial, and consumer.
– Centum Electronics Ltd ($BSE:517544)
Centum Electronics Ltd is an Indian electronics company that designs, develops, and manufactures electronic products and solutions for the aerospace, defence, and other industries. As of 2022, the company has a market cap of 7.87 billion and a return on equity of 3.4%. The company’s products include radar systems, sonar systems, navigation systems, and other electronic products and solutions.
– Info-Tek Corp ($TPEX:8183)
Info-Tek Corp is a publicly traded company that designs, manufactures, and sells computer networking equipment. The company has a market cap of 6.74B as of 2022 and a Return on Equity of 22.32%. Info-Tek Corp’s products include routers, switches, and other computer networking equipment. The company’s products are used by major telecommunications carriers, ISPs, enterprises, and government organizations around the world.
Summary
Plexus Corp is a US-based global electronics manufacturing services provider. Its Chinese subsidiary was recently removed from the Bureau of Industry and Security’s Unverified List. The company has been expanding aggressively in the Asia-Pacific region, particularly in China, and its removal from the Unverified List could lead to greater customer acceptance of its services. Furthermore, Plexus Corp is well capitalized and its operating cash flow has grown steadily over the years.
Its gross margin and return on equity have also consistently outperformed those of its peers, suggesting that investors may be attracted to the company’s strong fundamentals. Its strong balance sheet and consistent cash flow make it an attractive investment for portfolio diversification.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
