Preformed Line Products Co (PLPC) Stock — Forensic Analysis, Red Flags & Rating | Stockonomy · Stockonomy
Forensic Analysis · Industrials / Manufacturing / Defense · as of Sep 25, 2026
Preformed Line Products Co (PLPC)
A forensic read on Preformed Line Products Co built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
D · Weak — demands caution
Forensic grade
Safe
Financial health
18.3
Distress distance
Clean
Earnings quality
2
Forensic signals
46.9
P / E (ttm)
7.4%
ROE
$2.1B
Market cap
0.61%
Dividend yield
12.7%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence, going concern, valuation). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Preformed Line Products Co earns a D (Weak — demands caution) forensic quality grade, and its balance-sheet distress test reads 18.3, placing it in the Safe zone. 2 forensic signals were flagged in its latest SEC filings, led by accruals ratio (% of noa).
What the filings flag
+14.8%
FY2024→FY2025
Accruals ratio (% of NOA).Net operating assets grew +14.8% relative to their own average in FY2025 — scaled by NOA itself, not by total assets, which is what the Forensic Screens card's own accrual row divides by. Accruals are building faster than is comfortable — part of profit is sitting in the balance sheet rather than turning to cash. The build is led by inventory up +14% against +14% in cost of sales. A cash-flow measure on the same base disagrees: reported earnings ran behind operating cash by 8% of net operating assets, against an accruals ratio of 14.8%. The two are computed differently: the accruals ratio is the change in net operating assets over average net operating assets, while the cash-flow figure is net income less operating cash flow over that same average. Read them as two results, not one.
7.8%
FY2025
Return on invested capital.Return on invested capital is 7.8% in the latest fiscal year and slipping across FY2023–FY2025 from 13.0%. After-tax operating profit was $65M in FY2023 and $43M in FY2025, with operating income at 12.6% of revenue in FY2023, 8.5% in FY2024 and 8.2% in FY2025. The capital base behind it barely moved across FY2023–FY2025 ($498M to $544M, +9%), so there has been little new capital for that return to be earned on.
Key fundamentals
Latest Revenue$669.3M
Revenue Growth YoY+12.7%
Revenue CAGR (2yr)-0.0%
Net Margin5.3%
Free Cash Flow$33.3M
Return on Equity7.4%
Debt / Equity0.08x
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Preformed Line Products Co's actual 10-K/10-Q/8-K filings?