TELEDYNE TECHNOLOGIES INC (TDY) Stock Fundamental Analysis
NYSE:TDY - New York Stock Exchange, Inc. - US8793601050 - Common Stock - Currency: USD
Overall TDY gets a fundamental rating of 5 out of 10. We evaluated TDY against 125 industry peers in the Electronic Equipment, Instruments & Components industry. TDY has an excellent profitability rating, 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
TDY had positive earnings in the past year.
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
The Return On Assets of TDY (5.51%) is better than 76.80% of its industry peers.
TDY's Return On Equity of 8.36% is fine compared to the rest of the industry. TDY outperforms 71.20% of its industry peers.
The Return On Invested Capital of TDY (7.01%) is better than 72.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for TDY is below the industry average of 9.30%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.51% | ||
| ROE | 8.36% | ||
| ROIC | 7.01% |
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
Looking at the Profit Margin, with a value of 14.37%, TDY belongs to the top of the industry, outperforming 90.40% of the companies in the same industry.
In the last couple of years the Profit Margin of TDY has grown nicely.
The Operating Margin of TDY (18.49%) is better than 95.20% of its industry peers.
TDY's Operating Margin has improved in the last couple of years.
TDY has a better Gross Margin (42.89%) than 74.40% of its industry peers.
In the last couple of years the Gross Margin of TDY has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.49% | ||
| PM (TTM) | 14.37% | ||
| GM | 42.89% |
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), TDY is destroying value.
Compared to 1 year ago, TDY has less shares outstanding
Compared to 5 years ago, TDY has more shares outstanding
Compared to 1 year ago, TDY has an improved debt to assets ratio.
2.2 Solvency
TDY has an Altman-Z score of 4.19. This indicates that TDY is financially healthy and has little risk of bankruptcy at the moment.
TDY has a Altman-Z score of 4.19. This is in the better half of the industry: TDY outperforms 66.40% of its industry peers.
The Debt to FCF ratio of TDY is 2.80, which is a good value as it means it would take TDY, 2.80 years of fcf income to pay off all of its debts.
TDY's Debt to FCF ratio of 2.80 is fine compared to the rest of the industry. TDY outperforms 72.00% of its industry peers.
A Debt/Equity ratio of 0.30 indicates that TDY is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.30, TDY is doing worse than 61.60% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.3 | ||
| Debt/FCF | 2.8 | ||
| Altman-Z | 4.19 |
ROIC/WACC0.78
WACC8.96%
2.3 Liquidity
A Current Ratio of 2.19 indicates that TDY has no problem at all paying its short term obligations.
TDY has a Current ratio of 2.19. This is comparable to the rest of the industry: TDY outperforms 44.80% of its industry peers.
TDY has a Quick Ratio of 1.44. This is a normal value and indicates that TDY is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.44, TDY is doing worse than 60.80% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.19 | ||
| Quick Ratio | 1.44 |
3. Growth
3.1 Past
TDY shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 0.30%.
The Earnings Per Share has been growing by 12.94% on average over the past years. This is quite good.
The Revenue has been growing slightly by 0.61% in the past year.
The Revenue has been growing by 12.38% on average over the past years. This is quite good.
EPS 1Y (TTM)0.3%
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
Based on estimates for the next years, TDY will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.75% on average per year.
The Revenue is expected to grow by 5.97% on average over the next years.
EPS Next Y9.31%
EPS Next 2Y10.11%
EPS Next 3Y9.75%
EPS Next 5YN/A
Revenue Next Year7.56%
Revenue Next 2Y6.5%
Revenue Next 3Y5.97%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
TDY is valuated quite expensively with a Price/Earnings ratio of 26.23.
TDY's Price/Earnings ratio is a bit cheaper when compared to the industry. TDY is cheaper than 67.20% of the companies in the same industry.
When comparing the Price/Earnings ratio of TDY to the average of the S&P500 Index (27.45), we can say TDY is valued inline with the index average.
A Price/Forward Earnings ratio of 21.63 indicates a rather expensive valuation of TDY.
65.60% of the companies in the same industry are more expensive than TDY, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 21.90. TDY is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.23 | ||
| Fwd PE | 21.63 |
4.2 Price Multiples
TDY's Enterprise Value to EBITDA is on the same level as the industry average.
TDY's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. TDY is cheaper than 74.40% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.95 | ||
| EV/EBITDA | 19.41 |
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.
The decent profitability rating of TDY may justify a higher PE ratio.
PEG (NY)2.82
PEG (5Y)2.03
EPS Next 2Y10.11%
EPS Next 3Y9.75%
5. Dividend
5.1 Amount
No dividends for TDY!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
517.96
+8.45 (+1.66%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners95.84%
Inst Owner Change1.32%
Ins Owners0.89%
Ins Owner Change-0.81%
Market Cap24.27B
Analysts81.43
Price Target565.95 (9.27%)
Short Float %1.2%
Short Ratio1.59
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)1
Avg EPS beat(2)2.1%
Min EPS beat(2)-0.41%
Max EPS beat(2)4.61%
EPS beat(4)3
Avg EPS beat(4)1.66%
Min EPS beat(4)-0.41%
Max EPS beat(4)4.61%
EPS beat(8)5
Avg EPS beat(8)1.94%
EPS beat(12)9
Avg EPS beat(12)2.43%
EPS beat(16)13
Avg EPS beat(16)7.59%
Revenue beat(2)2
Avg Revenue beat(2)1.58%
Min Revenue beat(2)0.62%
Max Revenue beat(2)2.55%
Revenue beat(4)3
Avg Revenue beat(4)0.99%
Min Revenue beat(4)-0.07%
Max Revenue beat(4)2.55%
Revenue beat(8)3
Avg Revenue beat(8)-0.83%
Revenue beat(12)3
Avg Revenue beat(12)-0.81%
Revenue beat(16)6
Avg Revenue beat(16)-0.18%
PT rev (1m)-0.34%
PT rev (3m)-2.74%
EPS NQ rev (1m)-0.35%
EPS NQ rev (3m)-2.43%
EPS NY rev (1m)0.02%
EPS NY rev (3m)-0.71%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.47%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.46%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.23 | ||
| Fwd PE | 21.63 | ||
| P/S | 4.21 | ||
| P/FCF | 22.95 | ||
| P/OCF | 21.23 | ||
| P/B | 2.45 | ||
| P/tB | N/A | ||
| EV/EBITDA | 19.41 |
EPS(TTM)19.75
EY3.81%
EPS(NY)23.95
Fwd EY4.62%
FCF(TTM)22.57
FCFY4.36%
OCF(TTM)24.4
OCFY4.71%
SpS123.13
BVpS211.81
TBVpS-17
PEG (NY)2.82
PEG (5Y)2.03
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.51% | ||
| ROE | 8.36% | ||
| ROCE | 7.79% | ||
| ROIC | 7.01% | ||
| ROICexc | 7.26% | ||
| ROICexgc | 38.38% | ||
| OM | 18.49% | ||
| PM (TTM) | 14.37% | ||
| GM | 42.89% | ||
| FCFM | 18.33% |
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%
ROICexcg growth 3Y6.58%
ROICexcg 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-Score6
Asset Turnover0.38
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.3 | ||
| Debt/FCF | 2.8 | ||
| Debt/EBITDA | 2.15 | ||
| Cap/Depr | 27.45% | ||
| Cap/Sales | 1.49% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 82.91% | ||
| Profit Quality | 127.54% | ||
| Current Ratio | 2.19 | ||
| Quick Ratio | 1.44 | ||
| Altman-Z | 4.19 |
F-Score6
WACC8.96%
ROIC/WACC0.78
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)0.3%
EPS 3Y6.11%
EPS 5Y12.94%
EPS Q2Q%0%
EPS Next Y9.31%
EPS Next 2Y10.11%
EPS Next 3Y9.75%
EPS Next 5YN/A
Revenue 1Y (TTM)0.61%
Revenue growth 3Y7.11%
Revenue growth 5Y12.38%
Sales Q2Q%0%
Revenue Next Year7.56%
Revenue Next 2Y6.5%
Revenue Next 3Y5.97%
Revenue Next 5YN/A
EBIT growth 1Y3.94%
EBIT growth 3Y16.98%
EBIT growth 5Y16.2%
EBIT Next Year29.04%
EBIT Next 3Y14.42%
EBIT Next 5YN/A
FCF growth 1Y30.5%
FCF growth 3Y15.3%
FCF growth 5Y23%
OCF growth 1Y26.14%
OCF growth 3Y13.07%
OCF growth 5Y19.85%