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olivLaw · US equity research

Preformed Line Products Company PLPC

Water, Sewer, Pipeline, Comm & Power Line Construction · SIC 1623 · Vertical: Water, Sewer, Pipeline, Comm & Power Line Construction (SIC 1623)

285.20USD−8.45% · 1 dayClose 04 Nov 2026

Preformed Line Products Company designs and manufactures products used to build and maintain overhead and underground energy and telecommunications networks. In 2026 the company reported its highest quarterly sales in its history, supported by solid demand in energy markets, despite pressure from tariffs.

The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).

At the close of 04 Nov 2026, Preformed Line Products Company (PLPC) stock was 285.20 USD (−8.45% on the day), with market capitalisation 1.4 bn USD, P/E 24.0 on diluted EPS of 11.91 USD over the last 12 months, dividend yield 0.29%, beta 1.48, 52-week range 186.26–480.77 USD. Latest reported quarter (Q3 2026): revenue of 209.5 m USD (+17.6% YoY), net income of 18.0 m USD (+586.8% YoY), diluted EPS 3.56 USD.

Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.

Market cap
1.4 bn USD
shares as of 16 Oct 2026
P/E (TTM)
24.0
Diluted EPS TTM 11.91 · TTM to 30 Sept 2026
E/P (TTM)
4.17%
TTM to 30 Sept 2026
Dividend yield
0.29%
DPS 12m 0.84
Beta (2y)
1.48
Volatility (1y) 64%
52-week range
186.26480.77

Price history

Loading chart…

Technical reading

RSI (14)
31.8
weak (30–45)
Bollinger (20, 2)
276.49 – 415.82
in the lower half of the band · %B 0.06 · band width 40.2%
SMA 50 / 200
384.69 / 343.29
mixed trend
MACD (12, 26, 9)
-27.47 / -21.97
MACD below signal

Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).

Performance

CompanyS&P 500vs S&P 500Vertical median
1 month−31.5%−1.1%−30.4 pp—
3 months−39.5%−0.5%−39.0 pp—
6 months−22.1%+4.4%−26.5 pp—
Year to date+38.0%+12.3%+25.7 pp—
1 year+35.2%+13.5%+21.7 pp−12.0%
3 years+145.4%+76.4%+69.0 pp+112.1%
5 years+299.0%+63.7%+235.4 pp—
Max drawdown (1y)
−42.0%
11 Aug 2026 → 02 Nov 2026
Max drawdown (5y)
−42.0%
11 Aug 2026 → 02 Nov 2026
Compound annual growth (5y)
+31.9%
S&P 500 +10.4%

Price returns, dividends excluded.

Quarterly results

Latest quarter: Q3 2026 · 30 Sept 2026

Revenue
209.5 m USD
+17.6% YoY
Net income
18.0 m USD
+586.8% YoY
Diluted EPS
3.56
+571.7% YoY
net / operating
8.6% / 11.9%

Quarterly margins

Quarterly statements · USD

Fiscal yearQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Revenue167.1 m148.5 m169.6 m178.1 m173.1 m176.3 m212.7 m209.5 m
Cost of revenue111.5 m99.9 m114.2 m125.2 m121.5 m121.1 m139.7 m139.5 m
Gross profit55.6 m48.7 m55.4 m52.8 m51.6 m55.2 m73.0 m70.0 m
Operating income17.5 m13.1 m17.1 m13.1 m11.7 m13.7 m27.9 m24.9 m
Depreciation & amortisation4.8 m5.4 m5.7 m ≈5.8 m ≈6.1 m6.2 m6.3 m ≈6.6 m ≈
Interest expense381.0 k376.0 k318.0 k312.0 k297.0 k232.0 k239.0 k728.0 k
Pre-tax income17.3 m13.7 m17.3 m2.4 m12.3 m14.3 m28.4 m25.6 m
Income tax6.9 m2.1 m4.6 m-263.0 k3.9 m3.8 m6.9 m7.5 m
Net income10.5 m11.5 m12.7 m2.6 m8.4 m10.5 m21.5 m18.0 m
Diluted EPS2.13 ≈2.332.560.531.72 ≈2.144.493.56
Operating cash flow24.1 m5.7 m26.9 m ≈18.9 m ≈21.9 m6.0 m25.2 m ≈36.8 m ≈
Capex3.4 m11.0 m8.4 m ≈10.6 m ≈10.2 m10.0 m7.0 m ≈26.7 m ≈
Dividends paid979.0 k1.2 m988.0 k ≈985.0 k ≈981.0 k1.1 m1.0 m ≈1.0 m ≈
Share repurchases113.0 k131.0 k0 ≈258.0 k ≈660.0 k652.0 k286.0 k ≈285.0 k ≈

≈ derived quarter (cumulative difference / share-days average)

E/P over time

E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.

Today's P/E sits at the 85 percentile of its own 40-quarter history (min 6.7, median 12.3, max 46.3; quarters with earnings only).

Fiscal years

Fiscal year20182019202020212022202320242025
Revenue420.9 m444.9 m466.4 m517.4 m637.0 m669.7 m593.7 m669.3 m
Revenue YoY+11.3%+5.7%+4.9%+10.9%+23.1%+5.1%−11.3%+12.7%
Net income26.6 m23.3 m29.8 m35.7 m54.4 m63.3 m37.1 m35.3 m
Net income YoY+110.1%−12.3%+27.9%+19.9%+52.2%+16.4%−41.4%−4.9%
Diluted EPS5.214.585.987.1910.8812.687.507.14
Diluted EPS YoY+110.9%−12.1%+30.6%+20.2%+51.3%+16.5%−40.9%−4.8%
net %6.3%5.2%6.4%6.9%8.5%9.5%6.2%5.3%
Free cash flow13.4 m-2.3 m17.1 m15.2 m-14.4 m72.3 m52.8 m33.3 m

Reported results vs expectations

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Balance sheet & financial health

Fiscal year 2025 · 31 Dec 2025

Cash
83.4 m USD
Financial debt
39.5 m USD
Net debt
-43.9 m USD
Equity
475.6 m USD
Total assets
653.6 m USD
Debt / equity
0.08x
Current ratio
3.17x
ROE
7.9%
ROA
5.7%
FCF margin
5.0%

Financial statements (source on every figure)

Revenue and net income (USD)

Margins

Income statement · USD

Revenue
2023
669.7 m
2024
593.7 m
2025
669.3 m

SEC (XBRL)· 05 Mar 2026verified

Cost of revenue
2023
434.8 m
2024
403.9 m
2025
460.8 m

SEC (XBRL)· 05 Mar 2026verified

Gross profit
2023
234.8 m
2024
189.8 m
2025
208.5 m

SEC (XBRL)· 05 Mar 2026verified

Research & development
2023
5.2 m
2024
—
2025
—

SEC (XBRL)· 08 Mar 2024verified

Operating income
2023
84.2 m
2024
50.8 m
2025
55.1 m

SEC (XBRL)· 05 Mar 2026verified

Depreciation & amortisation
2023
18.9 m
2024
20.8 m
2025
23.0 m

SEC (XBRL)· 05 Mar 2026verified

EBITDA
2023
103.1 m ≈
2024
71.6 m ≈
2025
78.2 m ≈

SEC (XBRL)· 05 Mar 2026derived

Interest expense
2023
3.9 m
2024
2.2 m
2025
1.3 m

SEC (XBRL)· 05 Mar 2026verified

Pre-tax income
2023
82.3 m
2024
50.8 m
2025
45.6 m

SEC (XBRL)· 05 Mar 2026verified

Income tax
2023
19.0 m
2024
13.7 m
2025
10.3 m

SEC (XBRL)· 05 Mar 2026verified

Net income
2023
63.3 m
2024
37.1 m
2025
35.3 m

SEC (XBRL)· 05 Mar 2026verified

Diluted EPS
2023
12.68
2024
7.50
2025
7.14

SEC (XBRL)· 05 Mar 2026verified

Weighted average diluted shares
2023
5.0 m
2024
4.9 m
2025
4.9 m

SEC (XBRL)· 05 Mar 2026verified

Dividend per share
2023
0.80
2024
0.80
2025
0.81

SEC (XBRL)· 05 Mar 2026verified

Balance sheet · USD

Cash
2023
53.6 m
2024
57.2 m
2025
83.4 m

SEC (XBRL)· 05 Mar 2026verified

Receivables
2023
106.9 m
2024
111.4 m
2025
113.2 m

SEC (XBRL)· 05 Mar 2026verified

Inventories
2023
148.8 m
2024
129.9 m
2025
148.7 m

SEC (XBRL)· 05 Mar 2026verified

Current assets
2023
324.8 m
2024
315.8 m
2025
363.5 m

SEC (XBRL)· 05 Mar 2026verified

Property, plant & equipment, net
2023
207.9 m
2024
195.1 m
2025
222.8 m

SEC (XBRL)· 05 Mar 2026verified

Goodwill
2023
29.5 m
2024
26.7 m
2025
30.7 m

SEC (XBRL)· 05 Mar 2026verified

Intangibles (excl. goodwill)
2023
—
2024
—
2025
—

SEC (XBRL)· 05 Mar 2021verified

Total assets
2023
603.2 m
2024
573.9 m
2025
653.6 m

SEC (XBRL)· 05 Mar 2026verified

Short-term debt
2023
13.5 m
2024
10.2 m
2025
6.6 m

SEC (XBRL)· 05 Mar 2026verified

Long-term debt
2023
48.8 m
2024
18.4 m
2025
32.9 m

SEC (XBRL)· 05 Mar 2026verified

Current liabilities
2023
111.3 m
2024
108.4 m
2025
114.7 m

SEC (XBRL)· 05 Mar 2026verified

Equity
2023
416.2 m
2024
422.3 m
2025
475.6 m

SEC (XBRL)· 05 Mar 2026verified

Cash flow · USD

Operating cash flow
2023
107.6 m
2024
67.5 m
2025
73.5 m

SEC (XBRL)· 05 Mar 2026verified

Capex
2023
35.3 m
2024
14.7 m
2025
40.1 m

SEC (XBRL)· 05 Mar 2026verified

Free cash flow
2023
72.3 m ≈
2024
52.8 m ≈
2025
33.3 m ≈

SEC (XBRL)· 05 Mar 2026derived

Investing cash flow
2023
-44.8 m
2024
-12.4 m
2025
-43.4 m

SEC (XBRL)· 05 Mar 2026verified

Financing cash flow
2023
-48.9 m
2024
-47.8 m
2025
-9.2 m

SEC (XBRL)· 05 Mar 2026verified

Dividends paid
2023
4.1 m
2024
4.1 m
2025
4.1 m

SEC (XBRL)· 05 Mar 2026verified

Share repurchases
2023
728.0 k
2024
226.0 k
2025
1.0 m

SEC (XBRL)· 05 Mar 2026verified

Computed indicators

Growth

Revenue growth (YoY)
12.7%
computed by olivLawFY 2025
Revenue CAGR 3Y
1.7%
computed by olivLawFY 2022 → FY 2025
Revenue CAGR 5Y
7.5%
computed by olivLawFY 2020 → FY 2025
EBIT growth (YoY)
8.6%
computed by olivLawFY 2025
Net income growth (YoY)
-4.9%
computed by olivLawFY 2025
Net income CAGR 3Y
-13.4%
computed by olivLawFY 2022 → FY 2025
Net income CAGR 5Y
3.4%
computed by olivLawFY 2020 → FY 2025
EPS growth (YoY)
-4.8%
computed by olivLawFY 2025
EPS CAGR 3Y
-13.1%
computed by olivLawFY 2022 → FY 2025
EPS CAGR 5Y
3.6%
computed by olivLawFY 2020 → FY 2025
FCF growth (YoY)
-36.9%
computed by olivLawFY 2025

Profitability

Gross margin
32.4%
computed by olivLawTTM to 30 Sept 2026
EBITDA margin
13.4%
computed by olivLawTTM to 30 Sept 2026
EBIT margin
10.1%
computed by olivLawTTM to 30 Sept 2026
Net margin
7.6%
computed by olivLawTTM to 30 Sept 2026
FCF margin
4.7%
computed by olivLawTTM to 30 Sept 2026

Returns

ROE
12.0%
computed by olivLawTTM to 30 Sept 2026 · balance sheet at 30 Sept 2026
ROA
8.4%
computed by olivLawTTM to 30 Sept 2026 · balance sheet at 30 Sept 2026
ROIC
12.7%
computed by olivLawTTM to 30 Sept 2026 · balance sheet at 30 Sept 2026
ROCE
13.2%
computed by olivLawTTM to 30 Sept 2026 · balance sheet at 30 Sept 2026
Payout ratio (EPS)
7.1%
computed by olivLawTTM to 30 Sept 2026
Payout ratio (FCF)
11.4%
computed by olivLawTTM to 30 Sept 2026

Balance sheet

Net debt
-45.7 m USD
computed by olivLawbalance sheet at 30 Sept 2026
Net debt / EBITDA
-0.4x
computed by olivLawTTM to 30 Sept 2026 · balance sheet at 30 Sept 2026
Debt / equity
0.1x
computed by olivLawbalance sheet at 30 Sept 2026
Interest coverage
52.3x
computed by olivLawTTM to 30 Sept 2026

Liquidity

Current ratio
2.9x
computed by olivLawbalance sheet at 30 Sept 2026
Quick ratio
1.8x
computed by olivLawbalance sheet at 30 Sept 2026
Cash ratio
0.7x
computed by olivLawbalance sheet at 30 Sept 2026

Cash

Operating cash flow
90.0 m USD
computed by olivLawTTM to 30 Sept 2026
Capital expenditure
53.8 m USD
computed by olivLawTTM to 30 Sept 2026
Free cash flow
36.2 m USD
computed by olivLawTTM to 30 Sept 2026
FCF conversion
61.9%
computed by olivLawTTM to 30 Sept 2026
Cash conversion
87.1%
computed by olivLawTTM to 30 Sept 2026

Efficiency

Days sales outstanding
61 days
computed by olivLawTTM to 30 Sept 2026 · balance sheet at 30 Sept 2026
Days inventory outstanding
107 days
computed by olivLawTTM to 30 Sept 2026 · balance sheet at 30 Sept 2026
Days payables outstanding
unavailable
input data missing
Cash conversion cycle
unavailable
input data missing

Market and valuation

Market capitalisation
1.4 bn USD
computed by olivLawbalance sheet at 30 Sept 2026
Enterprise value
1.3 bn USD
computed by olivLawbalance sheet at 30 Sept 2026
Market cap / net income TTM
23.8x
computed by olivLawTTM to 30 Sept 2026
P/E (TTM)
24.0x
computed by olivLawTTM to 30 Sept 2026
Earnings yield
4.2%
computed by olivLawTTM to 30 Sept 2026
P/B
2.7x
computed by olivLawbalance sheet at 30 Sept 2026
P/S
1.8x
computed by olivLawTTM to 30 Sept 2026 · balance sheet at 30 Sept 2026
EV/EBITDA
13.0x
computed by olivLawTTM to 30 Sept 2026 · balance sheet at 30 Sept 2026
EV/EBIT
17.2x
computed by olivLawTTM to 30 Sept 2026 · balance sheet at 30 Sept 2026
EV/Sales
1.7x
computed by olivLawTTM to 30 Sept 2026 · balance sheet at 30 Sept 2026
P/FCF
38.4x
computed by olivLawTTM to 30 Sept 2026 · balance sheet at 30 Sept 2026
FCF yield
2.6%
computed by olivLawTTM to 30 Sept 2026 · balance sheet at 30 Sept 2026
Dividend yield
0.3%
computed by olivLawTTM to 30 Sept 2026
Shareholder yield (distributions)
0.4%
computed by olivLawTTM to 30 Sept 2026 · balance sheet at 30 Sept 2026

Risk

Altman Z
unavailable
input data missing

Valuation

olivLaw classification

Neutral profile

Score: 55 / 100

A scoring methodology on indicators and valuation, not investment advice.

Closing price

285.20 USD

04 Nov 2026Source: olivLaw, closing series

Market cap: 1.4 bn USD

Key indicators

Market capitalisation
1.4 bn USD
computed by olivLawbalance sheet at 30 Sept 2026
P/E (TTM)
24.0x
computed by olivLawTTM to 30 Sept 2026
P/B
2.7x
computed by olivLawbalance sheet at 30 Sept 2026
EV/EBITDA
13.0x
computed by olivLawTTM to 30 Sept 2026 · balance sheet at 30 Sept 2026
ROE
12.0%
computed by olivLawTTM to 30 Sept 2026 · balance sheet at 30 Sept 2026
Net margin
7.6%
computed by olivLawTTM to 30 Sept 2026
Revenue growth (YoY)
12.7%
computed by olivLawFY 2025
Dividend yield
0.3%
computed by olivLawTTM to 30 Sept 2026

Coverage and freshness

33/37 reporting lines present
Latest full fiscal year: 2025
Latest reported period: 30 Sept 2026
Latest balance sheet date: 30 Sept 2026
Share count (cover of the latest filing), as of: 16 Oct 2026
Source: SEC (XBRL)published 29 Oct 2026
verified 2629derived 200

Score by group

  • Valuation37
  • Returns44
  • Quality77
  • Balance sheet100
  • Growth7

Estimated value range

Low
177.27
USD per share
Mid
208.05
USD per share
High
258.29
USD per share
Price: 285.20 USD
The price is above the range
Potential to the central value: -27.1% (value / price − 1)
Margin of safety: -37.1% (1 − price / value)
Agreement between methods: low · 2 methods used · 2 independent bases

The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 105.65 – 359.58 USD.

Methods computed but outside the aggregate range: Dividend discount (DDM) (a small share of earnings is paid as dividends (capital returns through buybacks): the dividend model does not describe the value and stays outside the aggregate).

Valuation assumptions are editorial choices, not measured; beta is not measured.

Method ranges (USD per share)

— — Mid · ▏ Price

Valuation methods

  • DCF (discounted cash flow)105.65 – 157.00 (Mid 125.55)
    WACC 9.1% · starting FCFF 37.3 m USD · terminal value share of EV 73%
    The WACC × g sensitivity gives the method's bounds; these are not probabilities.
    Reverse DCF: no growth between −30% and +40% justifies the price
  • Peers: EV/EBITDAunavailable · not enough peers
  • Peers: P/E248.89 – 359.58 (Mid 290.56)
    4 companies used · median multiple 24.4x · quartiles 20.9x – 30.2x
    DY, MTZ, MYRG, PRIM
  • Dividend discount (DDM)outside the aggregate10.64 – 14.31 (Mid 12.21)
    a small share of earnings is paid as dividends (capital returns through buybacks): the dividend model does not describe the value and stays outside the aggregate
Multiple comparisons use the SIC vertical: Water, Sewer, Pipeline, Comm & Power Line Construction (SIC 1623)

Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.

Assumptions (illustrative, editorial)

Risk-free rate
4.3%
Equity risk premium
5.0%
Beta (default)
1.00
Cost of equity
9.3%
Terminal growth
2.5%

Factor scorecard

Neutral profile · Score 55/100

FactorValueScoreWeight used
ROIC · Quality12.7%82 (on a fixed band)10%
Net margin · Quality7.6%100 (vs peers)6%
FCF conversion · Quality61.9%46 (on a fixed band)6%
Revenue CAGR 3Y · Growth1.7%14 (on a fixed band)8%
EPS CAGR 3Y · Growth-13.1%0 (on a fixed band)8%
Net debt / EBITDA · Balance sheet-0.4x100 (on a fixed band)10%
Interest coverage · Balance sheet52.3x100 (on a fixed band)6%
Current ratio · Balance sheet2.9x100 (on a fixed band)4%
P/E (TTM) · Valuation24.0x60 (vs peers)10%
EV/EBITDA · Valuation13.0x18 (on a fixed band)10%
FCF yield · Valuation2.6%33 (on a fixed band)8%
Shareholder yield (distributions) · Returns0.4%6 (on a fixed band)6%
Payout ratio (FCF) · Returns11.4%100 (on a fixed band)4%

Score groups

  • Balance sheet100/100 · 3/3 factors with a value
  • Growth7/100 · 2/2 factors with a value
  • Quality77/100 · 3/3 factors with a value
  • Returns44/100 · 2/2 factors with a value
  • Valuation37/100 · 3/3 factors with a value

Memo

Preformed Line Products Company (PLPC). Latest full fiscal year: 2025; data up to 2026-09-30.

Figures computed from the financial statements: revenue 669.3 m USD in 2025; YoY growth 12.7%; net margin 7.6%; ROE 12.0%; net debt/EBITDA -0.4x.

The estimated value range is 177.27–258.29 USD per share (median of 2 methods, agreement: low); assumptions are illustrative. Against the central value of 208.05 USD, the price of 285.20 USD leaves a potential of -27.1% (value / price − 1) and a margin of safety of -37.1% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.

olivLaw score 55/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Not investment advice.

Text generated deterministically from the figures shown; no language model. Not investment advice.

What supports the thesis

  • ROIC: 12.7%
  • Net margin: 7.6%
  • Net debt / EBITDA: -0.4x
  • Interest coverage: 52.3x
  • Current ratio: 2.9x
  • Payout ratio (FCF): 11.4%

What contradicts it

  • Revenue CAGR 3Y: 1.7%
  • EPS CAGR 3Y: -13.1%
  • EV/EBITDA: 13.0x
  • Shareholder yield (distributions): 0.4%
  • The price is above the estimated value range
  • The valuation methods diverge

Versus the vertical median

Water, Sewer, Pipeline, Comm & Power Line Construction (SIC 1623) · same industry (4-digit SIC) · compared with 6 companies

Multiples and returns vs the median

P/E
24.0x
vertical median 27.4x
below median (−12.5%)
EV/EBITDA
13.0x
vertical median —
P/S
1.8x
vertical median 0.9x
above median (+111.1%)
P/B
2.7x
vertical median 3.2x
below median (−15.5%)
ROE
12.0%
vertical median 13.5%
below median (−11.6%)
Net margin
7.6%
vertical median 2.8%
above median (+170.8%)
EBIT margin
10.1%
vertical median 3.1%
above median (+223.0%)
Revenue YoY
12.7%
vertical median 16.7%
below median (−23.7%)
Net debt/EBITDA
-0.4x
vertical median —
Dividend yield
0.3%
vertical median —

Price rebased to 100 (monthly, 5 years)

Companies in the vertical

Market capP/EROENet marginRevenue YoY1A / 3A
MTZMasTec, Inc.13.5 bn27.413.5%2.8%+16.2%−22% / +176%
DYDycom Industries, Inc.6.4 bn19.319.2%4.8%+17.9%−41% / +104%
MYRGMyr Group Inc.4.1 bn21.426.9%4.5%+8.8%+18% / +112%
PRIMPrimoris Services Corporation3.6 bn38.76.0%1.4%+19.0%−46% / +125%
PLPCPreformed Line Products Company1.4 bn24.012.0%7.6%+12.7%+35% / +145%
ESOAEnergy Services of America CORP162.9 m436.5——+16.8%−2% / +94%
SKKRantizo77.4 m—-40.2%-22.6%+16.6%+7% / unavailable

1- and 3-year price returns: for PLPC from daily closes (the same as the performance table), for the other companies from month-end closes.

olivLaw engine forecast

The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.

The engine has no published run for this company yet.

Valuation scenarios (editable assumptions)

Illustrative scenarios

Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.

Bear
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Base
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Bull
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
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Estimated price (USD)

Estimated priceBearBaseBull
1 years
164.88
Total return -42% · Per year -42%
291.91
Total return 3% · Per year 3%
440.25
Total return 55% · Per year 55%
3 years
151.03
Total return -46% · Per year -19%
301.70
Total return 7% · Per year 2%
500.88
Total return 77% · Per year 21%
5 years
138.33
Total return -50% · Per year -13%
311.82
Total return 11% · Per year 2%
569.85
Total return 102% · Per year 15%
What moves the 3-year price the most
  • Exit P/E± 75.42
  • Net margin± 52.80
  • Annual revenue growth± 44.55
  • Annual dilution± 4.44

AI analysis

AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

Possibly outdated: the newest document it read is from 30 Jul 2026; since then the company filed 10-Q (29 Oct 2026), 8-K (28 Oct 2026 · results).

In brief

Preformed Line Products Company designs and manufactures products used to build and maintain overhead and underground energy and telecommunications networks 1. In 2026 the company reported its highest quarterly sales in its history, supported by solid demand in energy markets 3, despite pressure from tariffs 2.

SWOT

Strengths

  • Leadership in formed wire products and recognized technical capability in its research center 1.
  • Vertically integrated manufacturing and local presence in twenty countries support rapid customer service 1.
  • Solid balance sheet, with a low bank debt to equity ratio at the end of the first half of 2026 2.

Weaknesses

  • Dependence on energy and communications markets makes the company sensitive to customer investment cycles 1.
  • Tariff pressure on import costs reduced margins in some periods 1.
  • One customer represents a significant share of revenues, creating concentration risk 1.

Opportunities

  • Grid modernization and fiber expansion could support long-term demand 1.
  • Recent acquisitions such as Delta Star could open new markets in South America 3.
  • Substation products and drone inspection services could add value in the industrial segment 1.

Threats

  • New tariffs or trade policy changes could raise costs and reduce demand 2.
  • Wireless and satellite technologies could reduce the need for cable-based networks 1.
  • Extreme weather and geopolitical tensions could disrupt production and deliveries 1.

Risks

  • Dependence on energy and communications investmenthigh

    A cut in customer capital spending could reduce sales and profitability 1.

  • Raw material tariffshigh

    Steel and aluminum costs could stay high, and price adjustments could reduce demand 2.

  • Customer concentrationmedium

    A single customer with a significant revenue share could have an outsized effect if it reduces orders 1.

  • International exposuremedium

    Currency swings and political instability in operating regions could affect results 1.

  • Weather and pandemicslow

    Storms, floods or a new pandemic could interrupt supply chains 1.

Investment thesis

What would need to be true (bull case)

  • Sales and gross margin growth in 2026 show that demand could sustain record results if the trend holds 2.
  • Leadership in formed wire and research capability give an advantage that is hard to replicate 1.
  • A solid balance sheet and recent acquisitions could provide flexibility for strategic growth 2.

What would break the thesis

  • The sales increase could prove temporary if energy investment slows 1.
  • Tariffs and cost pressures could erode margins if they cannot be fully passed on to customers 2.
  • Concentration on one customer and technology risk could affect results over the medium term 1.

What to watch

  • Trend in gross margin and tariff costsQ3 2026
  • Integration of Delta Star and its contribution to South American sales2026
  • Order backlog relative to net salesnext 10-K
  • Recovery of tariffs previously paid2027

Products, market & competition

AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

Possibly outdated: the newest document it read is from 30 Jul 2026; since then the company filed 10-Q (29 Oct 2026), 8-K (28 Oct 2026 · results).

The business

The company is an international manufacturer of solutions that support, protect and connect cables and wires in energy and communications networks 1. Energy products made up approximately 71% of revenues in 2025, and communications products approximately 22% 1. International sales accounted for 53% of net sales in 2025 1.

Segments

Energy products

Include formed wire helical solutions, line accessories, polymer insulators and substation equipment, the company's main segment 1. It grew strongly in the first half of 2026 and drove most of the sales increase 2.

Communications products

Include fiber optic and copper splice closures used in FTTH and 5G networks, and demarcation solutions for buildings 1. This segment is smaller than energy but contributed to sales growth in 2026 3.

Special industries

Covers hardware assemblies, plastic products, vibration solutions, drone inspection services and mounting solutions for solar panels and electric vehicle charging foundations 1.

Market context

Demand comes from investment in upgrading electricity grids and extending communications networks, and PLP-USA sales rose 32% in the second quarter of 2026 3. Raw material costs and tariffs on steel and aluminum remain a major pressure in the markets where the company operates 2.

Trends

  • Grid modernizationtailwind

    Demand for grid reliability and replacement of aging infrastructure supports energy segment sales 1. If utility investment continues, this could sustain growth over the medium term 1.

  • Fiber network expansiontailwind

    Investment in communications and fiber networks supports demand for the company's closures and accessories 1. The Delta Star acquisition in 2026 could strengthen its presence in South America 3.

  • Tariffs and raw materialsheadwind

    Tariffs on steel and aluminum raised costs and led to price adjustments that could affect demand 2. Uncertainty about tariff refunds remains open 1.

  • Competition in communicationsmixed

    Satellite and wireless technologies could reduce demand for wire-line networks, a risk noted in the filing 1. Strong competition in communications could limit margins 1.

Competitive position

All markets the company serves are highly competitive, with price, performance and service as the main methods of competition 1. The company believes it is the world's largest manufacturer of formed wire products for energy and communications markets 1.

  • Global overhead line hardware makers

    The filing refers to several competitors for formed wire products without naming them 1.

  • Leading OSP closure suppliers

    The company counts itself among four leading OSP closure suppliers, alongside larger competitors 1.

  • Larger telecommunications companies

    Telecommunications competitors are described as having greater influence over the distribution network 1.

  • Niche suppliers

    Several smaller niche competitors compete at all levels of the OSP closure market 1.

News & filings

In the press

No news in our archive over the last 180 days.

SEC filings

Sources

  1. [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Preformed Line Products Company · 05 Mar 2026
  2. [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Preformed Line Products Company · 30 Jul 2026
  3. [3] Form 8-K, results release (exhibit 99.1) · SEC / Preformed Line Products Company · 29 Jul 2026

Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.