Plexus Corp. (PLXS) DCF Valuation
Why we don't show a single “fair value” for PLXS
Even the optimistic scenario of a conservative trailing-FCF model ($105.70) sits far below today's price — the market is paying for growth and durability beyond what this model structure captures. The honest lens is the question below: what growth does today's price actually require? The model scenarios are listed further down for reference.
What would today's price require?
$299.97 is justified only if free cash flow grows about +40.0% a year (fading to 2.5% long-run) at a 8.6% required return — faster than the company has actually grown.
| Scenario | FCF growth (fading to 2.5%) | Discount | Value / share |
|---|---|---|---|
| Conservative | 1.4%/yr | 9.6% | $61.53 |
| Base case | 4.4%/yr | 8.6% | $79.25 |
| Optimistic | 7.4%/yr | 7.6% | $105.70 |
| Analyst DCF (FMP) | independent reference — different model | $95.50 | |
Current Price
$299.97
Market-Implied Growth
+40.0%/yr
vs +4.4% 5Y actual
Base-Case Model Value
$79.25
model output — not a price target
PLXS DCF Fair Value Calculator
Edit the assumptions to see how they change the estimated fair value. Opens seeded with TGM's data-driven base case for PLXS (growth from its own 5-year record, discount from its beta), so the sandbox starts where the scenarios above leave off. Illustrative model — not investment advice.
Base inputs: FCF $107.9M · 0.03B shares · net cash $160.7M
Estimated Fair Value
$84.33
-71.9% vs $299.97
Sensitivity — fair value by discount rate × terminal growth
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 4.4%/yr FCF growth and 10-year horizon fixed. Green = above today's $299.97; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 6.6% | $107 | $115 | $124 | $136 | $151 |
| 7.6% | $89.88 | $94.58 | $100 | $107 | $116 |
| 8.6% | $77.52 | $80.67 | $84.33 | $88.65 | $93.82 |
| 9.6% | $68.24 | $70.44 | $72.96 | $75.86 | $79.24 |
| 10.6% | $61.02 | $62.62 | $64.42 | $66.45 | $68.77 |
About Plexus Corp.
Operating globally across the Americas, Europe, the Middle East, Africa, and the Asia-Pacific regions, Plexus Corp. and its subsidiaries specialize in delivering advanced electronic manufacturing solutions. The company provides a comprehensive range of services, including design and development, efficient supply chain management, support for new product introductions, and core manufacturing capabilities, alongside essential aftermarket services. These offerings are tailored for businesses in key market segments such as healthcare/life sciences, industrial/commercial, aerospace/defense, and communications. Established in 1979, Plexus Corp. maintains its corporate headquarters in Neenah, Wisconsin.
- Sector
- Technology
- Industry
- Hardware, Equipment & Parts
- CEO
- Todd Kelsey