Analyzing Preformed Line Products (NASDAQ:PLPC) and NOVONIX (NASDAQ:NVX)

Earnings & Valuation

This table compares NOVONIX and Preformed Line Products”s revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
NOVONIX	$5.85 million	35.82	-$74.82 million	N/A	N/A
Preformed Line Products	$593.71 million	1.65	$37.09 million	$8.56	23.22

Preformed Line Products has higher revenue and earnings than NOVONIX.

Profitability

This table compares NOVONIX and Preformed Line Products’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
NOVONIX	N/A	N/A	N/A
Preformed Line Products	6.70%	9.69%	7.09%

Insider and Institutional Ownership

0.1% of NOVONIX shares are owned by institutional investors. Comparatively, 41.2% of Preformed Line Products shares are owned by institutional investors. 23.7% of NOVONIX shares are owned by insiders. Comparatively, 35.1% of Preformed Line Products shares are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.

Volatility and Risk

NOVONIX has a beta of 2.63, meaning that its stock price is 163% more volatile than the S&P 500. Comparatively, Preformed Line Products has a beta of 0.79, meaning that its stock price is 21% less volatile than the S&P 500.

Summary

Preformed Line Products beats NOVONIX on 7 of the 9 factors compared between the two stocks.

About NOVONIX

NOVONIX Limited provides battery materials and development technology for battery manufacturers, materials companies, automotive original equipment manufacturers (OEMs), and consumer electronics manufacturers in North America, Asia, Australia, and Europe. It operates through Battery Materials and Battery Technology segments. The Battery Materials segment develops and manufactures battery anode materials. The Battery Technology segment develops battery cell testing equipment, performs consulting services, and carries out research and development in battery development. The company is involved in the investment and real estate borrowing activities; and offers battery technology, battery testing hardware equipment, and battery testing and development consulting services. The company was formerly known as Graphitecorp Limited and changed its name to NOVONIX Limited in July 2017. NOVONIX Limited was incorporated in 2012 and is based in Brisbane, Australia.

About Preformed Line Products

Preformed Line Products Company, together with its subsidiaries, designs and manufactures products and systems that are used in the construction and maintenance of overhead, ground-mounted, and underground networks for the energy, telecommunication, cable, data communication, and other industries. The company offers optical ground wire products to support, protect, terminate, and splice transmission and distribution lines, as well as bolted, welded, and compressed connectors for substations; and string hardware products, polymer insulators, wildlife protection, substation fittings, and motion control devices. It also provides rugged outside plant closures to protect and support wireline and wireless networks, such as copper cable or fiber optic cable from moisture, environmental hazards, and other contaminants; and hardware assemblies, pole line hardware, plastic products, cable dynamics/vibration solutions, interior/exterior connectors, tools, and urethane solutions that are used by energy, renewable energy, communications, cable, and special industries for various applications. The company serves public and private energy utilities and communication companies, cable operators, governmental agencies, contractors and subcontractors, distributors, and value-added resellers in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It markets its products through a direct sales force, as well as through manufacturing representatives. Preformed Line Products Company was incorporated in 1947 and is headquartered in Mayfield Village, Ohio.