Preformed Line Products Stock Buy Hold or Sell Recommendation
| PLPC Stock | USD 124.61 1.34 1.09% |
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Preformed Line Products is 'Strong Hold'. Macroaxis provides Preformed Line buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding PLPC positions. The advice algorithm takes into account all of Preformed Line's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Preformed Line's buy or sell advice are summarized below:
Real Value 93.46 | Hype Value 124.59 | Market Value 124.61 | Naive Value 118.96 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Preformed Line Products given historical horizon and risk tolerance towards Preformed Line. When Macroaxis issues a 'buy' or 'sell' recommendation for Preformed Line Products, the advice is generated through an automated system that utilizes algorithms and statistical models.
Preformed |
Execute Preformed Line Buy or Sell Advice
The Preformed recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Preformed Line Products. Macroaxis does not own or have any residual interests in Preformed Line Products or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Preformed Line's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Hold
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Very Small | Details | |
Economic Sensitivity | Hyperactively responds to market trends | Details | |
Investor Sentiment | Interested | Details | |
Analyst Consensus | Strong Sell | Details | |
Financial Strenth (F Score) | Strong | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Preformed Line Trading Alerts and Improvement Suggestions
| Preformed Line generated a negative expected return over the last 90 days | |
| Preformed Line is unlikely to experience financial distress in the next 2 years | |
| Preformed Line has a strong financial position based on the latest SEC filings | |
| About 51.0% of the company outstanding shares are owned by corporate insiders | |
| On 19th of April 2024 Preformed Line paid $ 0.2 per share dividend to its current shareholders | |
| Latest headline from news.google.com: Owning 45 percent shares,institutional owners seem interested in Preformed Line Products Company , - Yahoo New Zealand News |
Preformed Line Returns Distribution Density
The distribution of Preformed Line's historical returns is an attempt to chart the uncertainty of Preformed Line's future price movements. The chart of the probability distribution of Preformed Line daily returns describes the distribution of returns around its average expected value. We use Preformed Line Products price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Preformed Line returns is essential to provide solid investment advice for Preformed Line.
| Mean Return | 0.03 | Value At Risk | -3.76 | Potential Upside | 4.18 | Standard Deviation | 2.60 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Preformed Line historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Preformed Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Preformed Line is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Preformed Line Products backward and forwards among themselves. Preformed Line's institutional investor refers to the entity that pools money to purchase Preformed Line's securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Charles Schwab Investment Management Inc | 2023-12-31 | 32 K | Pnc Financial Services Group Inc | 2023-12-31 | 28.1 K | Bank Of New York Mellon Corp | 2023-12-31 | 27.4 K | Empowered Funds, Llc | 2023-12-31 | 26 K | Franklin Resources Inc | 2023-12-31 | 24.9 K | Bridgeway Capital Management, Llc | 2023-12-31 | 23.3 K | Robotti Robert | 2023-12-31 | 20 K | Hotchkis & Wiley Capital Management Llc | 2023-12-31 | 19.9 K | Victory Capital Management Inc. | 2023-12-31 | 18.5 K | Dimensional Fund Advisors, Inc. | 2023-12-31 | 367.7 K | Royce & Associates, Lp | 2023-12-31 | 332.5 K |
Preformed Line Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | (9.5M) | 80K | (24.2M) | (37.0M) | (5.0M) | (5.2M) | |
| Change In Cash | (4.6M) | 5.9M | (8.8M) | 833K | 16.4M | 17.2M | |
| Free Cash Flow | (2.3M) | 17.1M | 15.2M | (14.4M) | 72.3M | 75.9M | |
| Depreciation | 13.7M | 13.8M | 15.6M | 16.4M | 18.9M | 12.3M | |
| Other Non Cash Items | 3.7M | 4.9M | 6.4M | 4.9M | 8.0M | 8.4M | |
| Dividends Paid | 4.1M | 4.2M | 4.2M | 4.1M | 4.1M | 3.4M | |
| Capital Expenditures | 29.5M | 24.6M | 18.4M | 40.6M | 35.3M | 37.1M | |
| Net Income | 23.3M | 29.8M | 35.7M | 54.4M | 63.3M | 66.5M | |
| End Period Cash Flow | 39.3M | 45.2M | 36.4M | 37.2M | 53.6M | 33.1M | |
| Change To Netincome | 6.8M | 5.9M | 17.1M | 13.3M | 15.3M | 16.1M | |
| Change Receivables | (9.8M) | (10.5M) | (11.6M) | (28.0M) | (25.2M) | (24.0M) | |
| Net Borrowings | 28.6M | (9.8M) | (14.2M) | 31.3M | 36.0M | 37.8M | |
| Investments | 1.8M | (14.0M) | (18.2M) | (46.8M) | (55.4M) | (52.6M) |
Preformed Line Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Preformed Line or Electrical Equipment sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Preformed Line's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Preformed stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | -0.17 | |
β | Beta against NYSE Composite | 2.20 | |
σ | Overall volatility | 2.57 | |
Ir | Information ratio | -0.03 |
Preformed Line Volatility Alert
Preformed Line Products currently demonstrates below-average downside deviation. It has Information Ratio of -0.03 and Jensen Alpha of -0.17. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Preformed Line's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Preformed Line's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Preformed Line Fundamentals Vs Peers
Comparing Preformed Line's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Preformed Line's direct or indirect competition across all of the common fundamentals between Preformed Line and the related equities. This way, we can detect undervalued stocks with similar characteristics as Preformed Line or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Preformed Line's fundamental indicators could also be used in its relative valuation, which is a method of valuing Preformed Line by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Preformed Line to competition |
| Fundamentals | Preformed Line | Peer Average |
| Return On Equity | 0.16 | -0.31 |
| Return On Asset | 0.0905 | -0.14 |
| Profit Margin | 0.09 % | (1.27) % |
| Operating Margin | 0.05 % | (5.51) % |
| Current Valuation | 623.07 M | 16.62 B |
| Shares Outstanding | 4.93 M | 571.82 M |
| Shares Owned By Insiders | 51.11 % | 10.09 % |
| Shares Owned By Institutions | 42.87 % | 39.21 % |
| Number Of Shares Shorted | 37.87 K | 4.71 M |
| Price To Earning | 14.08 X | 28.72 X |
| Price To Book | 1.48 X | 9.51 X |
| Price To Sales | 0.91 X | 11.42 X |
| Revenue | 669.68 M | 9.43 B |
| Gross Profit | 215.18 M | 27.38 B |
| EBITDA | 105.16 M | 3.9 B |
| Net Income | 63.34 M | 570.98 M |
| Cash And Equivalents | 30.1 M | 2.7 B |
| Cash Per Share | 6.09 X | 5.01 X |
| Total Debt | 71.81 M | 5.32 B |
| Debt To Equity | 0.26 % | 48.70 % |
| Current Ratio | 2.57 X | 2.16 X |
| Book Value Per Share | 84.79 X | 1.93 K |
| Cash Flow From Operations | 107.64 M | 971.22 M |
| Short Ratio | 1.95 X | 4.00 X |
| Earnings Per Share | 12.68 X | 3.12 X |
| Number Of Employees | 3.52 K | 18.84 K |
| Beta | 0.74 | -0.15 |
| Market Capitalization | 607.36 M | 19.03 B |
| Total Asset | 603.15 M | 29.47 B |
| Retained Earnings | 520.15 M | 9.33 B |
| Working Capital | 213.5 M | 1.48 B |
| Current Asset | 179.89 M | 9.34 B |
| Current Liabilities | 51.67 M | 7.9 B |
Note: Disposition of 2000 shares by David C Sunkle of Preformed Line at 131.9 subject to Rule 16b-3 [view details]
Preformed Line Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Preformed . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Preformed Line Buy or Sell Advice
When is the right time to buy or sell Preformed Line Products? Buying financial instruments such as Preformed Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 59.6M | 89.5M | 71.8M | 75.4M | Total Assets | 489.0M | 568.5M | 603.2M | 335.6M |
Use Investing Ideas to Build Portfolios
In addition to having Preformed Line in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Consumption Thematic Idea Now
Consumption
Companies that deliver final goods such as cars or clothing for consumption by consumers. The Consumption theme has 18 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Consumption Theme or any other thematic opportunities.
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Check out Preformed Line Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the AI Investment Finder module to use AI to screen and filter profitable investment opportunities.
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When running Preformed Line's price analysis, check to measure Preformed Line's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Preformed Line is operating at the current time. Most of Preformed Line's value examination focuses on studying past and present price action to predict the probability of Preformed Line's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Preformed Line's price. Additionally, you may evaluate how the addition of Preformed Line to your portfolios can decrease your overall portfolio volatility.
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Is Preformed Line's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Preformed Line. If investors know Preformed will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Preformed Line listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.61) | Dividend Share 0.8 | Earnings Share 12.68 | Revenue Per Share 136.114 | Quarterly Revenue Growth (0.14) |
The market value of Preformed Line Products is measured differently than its book value, which is the value of Preformed that is recorded on the company's balance sheet. Investors also form their own opinion of Preformed Line's value that differs from its market value or its book value, called intrinsic value, which is Preformed Line's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Preformed Line's market value can be influenced by many factors that don't directly affect Preformed Line's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Preformed Line's value and its price as these two are different measures arrived at by different means. Investors typically determine if Preformed Line is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Preformed Line's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.