TELEDYNE TECHNOLOGIES INC (TDY) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:TDY - US8793601050 - Common Stock
499.52 USD
+1.84 (+0.37%)
499.52 USD
0 (0%)
Taking everything into account, TDY scores 5 out of 10 in our fundamental rating. TDY was compared to 124 industry peers in the Electronic Equipment, Instruments & Components industry. TDY scores excellent on profitability, but there are some minor concerns on its financial health. TDY has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year TDY was profitable.
In the past year TDY had a positive cash flow from operations.
In the past 5 years TDY has always been profitable.
TDY had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
TDY has a Return On Assets of 5.32%. This is in the better half of the industry: TDY outperforms 71.54% of its industry peers.
TDY has a better Return On Equity (7.74%) than 65.04% of its industry peers.
TDY has a Return On Invested Capital of 7.36%. This is in the better half of the industry: TDY outperforms 73.98% of its industry peers.
The Average Return On Invested Capital over the past 3 years for TDY is in line with the industry average of 9.11%.
The last Return On Invested Capital (7.36%) for TDY is above the 3 year average (7.12%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.32% | ||
| ROE | 7.74% | ||
| ROIC | 7.36% |
ROA(3y)5.79%
ROA(5y)5.67%
ROE(3y)9.28%
ROE(5y)9.23%
ROIC(3y)7.12%
ROIC(5y)7.17%
1.3 Margins
The Profit Margin of TDY (13.62%) is better than 88.62% of its industry peers.
TDY's Profit Margin has improved in the last couple of years.
TDY has a better Operating Margin (18.48%) than 95.94% of its industry peers.
In the last couple of years the Operating Margin of TDY has grown nicely.
TDY has a Gross Margin of 42.73%. This is in the better half of the industry: TDY outperforms 72.36% of its industry peers.
TDY's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.48% | ||
| PM (TTM) | 13.62% | ||
| GM | 42.73% |
OM growth 3Y9.21%
OM growth 5Y3.4%
PM growth 3Y14.4%
PM growth 5Y2.59%
GM growth 3Y2.43%
GM growth 5Y1.79%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so TDY is destroying value.
The number of shares outstanding for TDY has been reduced compared to 1 year ago.
The number of shares outstanding for TDY has been increased compared to 5 years ago.
TDY has a better debt/assets ratio than last year.
2.2 Solvency
TDY has an Altman-Z score of 4.28. This indicates that TDY is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of TDY (4.28) is better than 66.67% of its industry peers.
The Debt to FCF ratio of TDY is 2.44, which is a good value as it means it would take TDY, 2.44 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 2.44, TDY is in the better half of the industry, outperforming 73.17% of the companies in the same industry.
TDY has a Debt/Equity ratio of 0.20. This is a healthy value indicating a solid balance between debt and equity.
TDY's Debt to Equity ratio of 0.20 is in line compared to the rest of the industry. TDY outperforms 45.53% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | 2.44 | ||
| Altman-Z | 4.28 |
ROIC/WACC0.82
WACC8.95%
2.3 Liquidity
TDY has a Current Ratio of 1.79. This is a normal value and indicates that TDY is financially healthy and should not expect problems in meeting its short term obligations.
TDY has a Current ratio of 1.79. This is in the lower half of the industry: TDY underperforms 66.67% of its industry peers.
TDY has a Quick Ratio of 1.20. This is a normal value and indicates that TDY is financially healthy and should not expect problems in meeting its short term obligations.
TDY's Quick ratio of 1.20 is on the low side compared to the rest of the industry. TDY is outperformed by 68.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.79 | ||
| Quick Ratio | 1.2 |
3. Growth
3.1 Past
TDY shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 7.54%.
TDY shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 12.94% yearly.
The Revenue has been growing slightly by 0.61% in the past year.
Measured over the past years, TDY shows a quite strong growth in Revenue. The Revenue has been growing by 12.38% on average per year.
EPS 1Y (TTM)7.54%
EPS 3Y6.11%
EPS 5Y12.94%
EPS Q2Q%0%
Revenue 1Y (TTM)0.61%
Revenue growth 3Y7.11%
Revenue growth 5Y12.38%
Sales Q2Q%0%
3.2 Future
TDY is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.12% yearly.
The Revenue is expected to grow by 5.94% on average over the next years.
EPS Next Y10.27%
EPS Next 2Y9.96%
EPS Next 3Y9.12%
EPS Next 5YN/A
Revenue Next Year8.14%
Revenue Next 2Y6.46%
Revenue Next 3Y5.94%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 23.52, which indicates a rather expensive current valuation of TDY.
Based on the Price/Earnings ratio, TDY is valued a bit cheaper than the industry average as 71.54% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 26.31. TDY is around the same levels.
TDY is valuated rather expensively with a Price/Forward Earnings ratio of 20.92.
Based on the Price/Forward Earnings ratio, TDY is valued a bit cheaper than 67.48% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of TDY to the average of the S&P500 Index (36.59), we can say TDY is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.52 | ||
| Fwd PE | 20.92 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, TDY is valued a bit cheaper than 62.60% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, TDY is valued a bit cheaper than the industry average as 77.24% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.56 | ||
| EV/EBITDA | 17.61 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates TDY does not grow enough to justify the current Price/Earnings ratio.
TDY has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)2.29
PEG (5Y)1.82
EPS Next 2Y9.96%
EPS Next 3Y9.12%
5. Dividend
5.1 Amount
TDY does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
499.52
+1.84 (+0.37%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners96.19%
Inst Owner Change1.68%
Ins Owners0.88%
Ins Owner Change-1.01%
Market Cap23.45B
Revenue(TTM)5.67B
Net Income(TTM)817.70M
Analysts81.18
Price Target630.03 (26.13%)
Short Float %1.68%
Short Ratio2.44
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)1.31%
Min EPS beat(2)0.7%
Max EPS beat(2)1.93%
EPS beat(4)3
Avg EPS beat(4)1.71%
Min EPS beat(4)-0.41%
Max EPS beat(4)4.61%
EPS beat(8)6
Avg EPS beat(8)1.68%
EPS beat(12)9
Avg EPS beat(12)2.25%
EPS beat(16)13
Avg EPS beat(16)2.84%
Revenue beat(2)1
Avg Revenue beat(2)0.65%
Min Revenue beat(2)-0.23%
Max Revenue beat(2)1.52%
Revenue beat(4)3
Avg Revenue beat(4)1.11%
Min Revenue beat(4)-0.23%
Max Revenue beat(4)2.55%
Revenue beat(8)4
Avg Revenue beat(8)-0.35%
Revenue beat(12)4
Avg Revenue beat(12)-0.51%
Revenue beat(16)5
Avg Revenue beat(16)-0.6%
PT rev (1m)1.36%
PT rev (3m)1.36%
EPS NQ rev (1m)-0.49%
EPS NQ rev (3m)-0.87%
EPS NY rev (1m)0.34%
EPS NY rev (3m)0.36%
Revenue NQ rev (1m)-0.06%
Revenue NQ rev (3m)-0.06%
Revenue NY rev (1m)0.15%
Revenue NY rev (3m)0.23%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.52 | ||
| Fwd PE | 20.92 | ||
| P/S | 3.9 | ||
| P/FCF | 22.56 | ||
| P/OCF | 20.46 | ||
| P/B | 2.22 | ||
| P/tB | N/A | ||
| EV/EBITDA | 17.61 |
EPS(TTM)21.24
EY4.25%
EPS(NY)23.88
Fwd EY4.78%
FCF(TTM)22.14
FCFY4.43%
OCF(TTM)24.41
OCFY4.89%
SpS128.07
BVpS225.22
TBVpS-4.37
PEG (NY)2.29
PEG (5Y)1.82
Graham Number328.08
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.32% | ||
| ROE | 7.74% | ||
| ROCE | 8.18% | ||
| ROIC | 7.36% | ||
| ROICexc | 7.66% | ||
| ROICexgc | 43.97% | ||
| OM | 18.48% | ||
| PM (TTM) | 13.62% | ||
| GM | 42.73% | ||
| FCFM | 17.29% |
ROA(3y)5.79%
ROA(5y)5.67%
ROE(3y)9.28%
ROE(5y)9.23%
ROIC(3y)7.12%
ROIC(5y)7.17%
ROICexc(3y)7.49%
ROICexc(5y)7.8%
ROICexgc(3y)46.11%
ROICexgc(5y)42.36%
ROCE(3y)7.91%
ROCE(5y)7.97%
ROICexgc growth 3Y6.58%
ROICexgc growth 5Y1.03%
ROICexc growth 3Y17.51%
ROICexc growth 5Y-9.02%
OM growth 3Y9.21%
OM growth 5Y3.4%
PM growth 3Y14.4%
PM growth 5Y2.59%
GM growth 3Y2.43%
GM growth 5Y1.79%
F-Score5
Asset Turnover0.39
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | 2.44 | ||
| Debt/EBITDA | 1.45 | ||
| Cap/Depr | 32.38% | ||
| Cap/Sales | 1.77% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 79.56% | ||
| Profit Quality | 126.97% | ||
| Current Ratio | 1.79 | ||
| Quick Ratio | 1.2 | ||
| Altman-Z | 4.28 |
F-Score5
WACC8.95%
ROIC/WACC0.82
Cap/Depr(3y)30.4%
Cap/Depr(5y)35.99%
Cap/Sales(3y)1.74%
Cap/Sales(5y)1.95%
Profit Quality(3y)88.9%
Profit Quality(5y)113.06%
High Growth Momentum
Growth
EPS 1Y (TTM)7.54%
EPS 3Y6.11%
EPS 5Y12.94%
EPS Q2Q%0%
EPS Next Y10.27%
EPS Next 2Y9.96%
EPS Next 3Y9.12%
EPS Next 5YN/A
Revenue 1Y (TTM)0.61%
Revenue growth 3Y7.11%
Revenue growth 5Y12.38%
Sales Q2Q%0%
Revenue Next Year8.14%
Revenue Next 2Y6.46%
Revenue Next 3Y5.94%
Revenue Next 5YN/A
EBIT growth 1Y8.44%
EBIT growth 3Y16.98%
EBIT growth 5Y16.2%
EBIT Next Year30.08%
EBIT Next 3Y14.83%
EBIT Next 5YN/A
FCF growth 1Y29.68%
FCF growth 3Y15.3%
FCF growth 5Y23%
OCF growth 1Y25.87%
OCF growth 3Y13.07%
OCF growth 5Y19.85%
TELEDYNE TECHNOLOGIES INC / TDY FAQ
Can you provide the ChartMill fundamental rating for TELEDYNE TECHNOLOGIES INC?
ChartMill assigns a fundamental rating of 5 / 10 to TDY.
Can you provide the valuation status for TELEDYNE TECHNOLOGIES INC?
ChartMill assigns a valuation rating of 4 / 10 to TELEDYNE TECHNOLOGIES INC (TDY). This can be considered as Fairly Valued.
Can you provide the profitability details for TELEDYNE TECHNOLOGIES INC?
TELEDYNE TECHNOLOGIES INC (TDY) has a profitability rating of 8 / 10.
What is the valuation of TELEDYNE TECHNOLOGIES INC based on its PE and PB ratios?
The Price/Earnings (PE) ratio for TELEDYNE TECHNOLOGIES INC (TDY) is 23.52 and the Price/Book (PB) ratio is 2.22.