TELEDYNE TECHNOLOGIES INC (TDY) Stock Fundamental Analysis
USA - NYSE:TDY - US8793601050 - Common Stock
550.87 USD
-4.01 (-0.72%)
550.87 USD
0 (0%)
Taking everything into account, TDY scores 5 out of 10 in our fundamental rating. TDY was compared to 125 industry peers in the Electronic Equipment, Instruments & Components industry. While TDY belongs to the best of the industry regarding profitability, 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.
TDY had positive earnings in each of the past 5 years.
Each year in the past 5 years TDY had a positive operating cash flow.
1.2 Ratios
TDY has a better Return On Assets (5.68%) than 77.60% of its industry peers.
Looking at the Return On Equity, with a value of 8.28%, TDY is in the better half of the industry, outperforming 69.60% of the companies in the same industry.
The Return On Invested Capital of TDY (7.38%) is better than 73.60% of its industry peers.
The Average Return On Invested Capital over the past 3 years for TDY is below the industry average of 9.48%.
The 3 year average ROIC (7.12%) for TDY is below the current ROIC(7.38%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.68% | ||
| ROE | 8.28% | ||
| ROIC | 7.38% |
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
TDY has a better Profit Margin (14.54%) than 91.20% of its industry peers.
TDY's Profit Margin has improved in the last couple of years.
TDY's Operating Margin of 18.58% is amongst the best of the industry. TDY outperforms 95.20% of its industry peers.
TDY's Operating Margin has improved in the last couple of years.
TDY's Gross Margin of 42.75% is fine compared to the rest of the industry. TDY outperforms 72.80% of its industry peers.
TDY's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.58% | ||
| PM (TTM) | 14.54% | ||
| GM | 42.75% |
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.
TDY has less shares outstanding than it did 1 year ago.
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 4.60. This indicates that TDY is financially healthy and has little risk of bankruptcy at the moment.
TDY's Altman-Z score of 4.60 is fine compared to the rest of the industry. TDY outperforms 66.40% of its industry peers.
The Debt to FCF ratio of TDY is 2.75, which is a good value as it means it would take TDY, 2.75 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 2.75, TDY is doing good in the industry, outperforming 71.20% of the companies in the same industry.
A Debt/Equity ratio of 0.21 indicates that TDY is not too dependend on debt financing.
TDY has a Debt to Equity ratio (0.21) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.21 | ||
| Debt/FCF | 2.75 | ||
| Altman-Z | 4.6 |
ROIC/WACC0.82
WACC9.05%
2.3 Liquidity
A Current Ratio of 1.66 indicates that TDY should not have too much problems paying its short term obligations.
TDY's Current ratio of 1.66 is on the low side compared to the rest of the industry. TDY is outperformed by 68.00% of its industry peers.
TDY has a Quick Ratio of 1.07. This is a normal value and indicates that TDY is financially healthy and should not expect problems in meeting its short term obligations.
With a Quick ratio value of 1.07, TDY is not doing good in the industry: 73.60% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.66 | ||
| Quick Ratio | 1.07 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 0.30% over the past year.
Measured over the past years, TDY shows a quite strong growth in Earnings Per Share. The EPS has been growing by 12.94% on average per year.
TDY shows a small growth in Revenue. In the last year, the Revenue has grown by 0.61%.
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
The Earnings Per Share is expected to grow by 10.26% on average over the next years. This is quite good.
TDY is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.21% yearly.
EPS Next Y9.87%
EPS Next 2Y10.64%
EPS Next 3Y10.26%
EPS Next 5YN/A
Revenue Next Year7.88%
Revenue Next 2Y6.69%
Revenue Next 3Y6.21%
Revenue Next 5YN/A
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
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 27.89.
Compared to the rest of the industry, the Price/Earnings ratio of TDY indicates a somewhat cheap valuation: TDY is cheaper than 66.40% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.20, TDY is valued at the same level.
The Price/Forward Earnings ratio is 22.78, which indicates a rather expensive current valuation of TDY.
63.20% of the companies in the same industry are more expensive than TDY, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.70, TDY is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.89 | ||
| Fwd PE | 22.78 |
4.2 Price Multiples
61.60% of the companies in the same industry are more expensive than TDY, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, TDY is valued a bit cheaper than the industry average as 73.60% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 27.1 | ||
| EV/EBITDA | 19.83 |
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 excellent profitability rating of TDY may justify a higher PE ratio.
PEG (NY)2.83
PEG (5Y)2.16
EPS Next 2Y10.64%
EPS Next 3Y10.26%
5. Dividend
5.1 Amount
TDY does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
550.87
-4.01 (-0.72%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners98.4%
Inst Owner Change-1.47%
Ins Owners0.88%
Ins Owner Change-0.56%
Market Cap25.83B
Analysts82.5
Price Target621.6 (12.84%)
Short Float %1.32%
Short Ratio1.71
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)0.76%
Min EPS beat(2)-0.41%
Max EPS beat(2)1.93%
EPS beat(4)3
Avg EPS beat(4)1.93%
Min EPS beat(4)-0.41%
Max EPS beat(4)4.61%
EPS beat(8)6
Avg EPS beat(8)2.22%
EPS beat(12)9
Avg EPS beat(12)2.58%
EPS beat(16)13
Avg EPS beat(16)3.83%
Revenue beat(2)2
Avg Revenue beat(2)1.07%
Min Revenue beat(2)0.62%
Max Revenue beat(2)1.52%
Revenue beat(4)4
Avg Revenue beat(4)1.39%
Min Revenue beat(4)0.62%
Max Revenue beat(4)2.55%
Revenue beat(8)4
Avg Revenue beat(8)-0.62%
Revenue beat(12)4
Avg Revenue beat(12)-0.59%
Revenue beat(16)6
Avg Revenue beat(16)-0.56%
PT rev (1m)0%
PT rev (3m)9.13%
EPS NQ rev (1m)0.46%
EPS NQ rev (3m)-1.02%
EPS NY rev (1m)0.24%
EPS NY rev (3m)0.53%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.13%
Revenue NY rev (1m)0.08%
Revenue NY rev (3m)0.29%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.89 | ||
| Fwd PE | 22.78 | ||
| P/S | 4.37 | ||
| P/FCF | 27.1 | ||
| P/OCF | 24.57 | ||
| P/B | 2.49 | ||
| P/tB | N/A | ||
| EV/EBITDA | 19.83 |
EPS(TTM)19.75
EY3.59%
EPS(NY)24.18
Fwd EY4.39%
FCF(TTM)20.32
FCFY3.69%
OCF(TTM)22.42
OCFY4.07%
SpS126.03
BVpS221.3
TBVpS-10.1
PEG (NY)2.83
PEG (5Y)2.16
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.68% | ||
| ROE | 8.28% | ||
| ROCE | 8.21% | ||
| ROIC | 7.38% | ||
| ROICexc | 7.56% | ||
| ROICexgc | 44.58% | ||
| OM | 18.58% | ||
| PM (TTM) | 14.54% | ||
| GM | 42.75% | ||
| FCFM | 16.13% |
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 Turnover0.39
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.21 | ||
| Debt/FCF | 2.75 | ||
| Debt/EBITDA | 1.53 | ||
| Cap/Depr | 30.63% | ||
| Cap/Sales | 1.67% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 74.09% | ||
| Profit Quality | 110.94% | ||
| Current Ratio | 1.66 | ||
| Quick Ratio | 1.07 | ||
| Altman-Z | 4.6 |
F-Score6
WACC9.05%
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)0.3%
EPS 3Y6.11%
EPS 5Y12.94%
EPS Q2Q%0%
EPS Next Y9.87%
EPS Next 2Y10.64%
EPS Next 3Y10.26%
EPS Next 5YN/A
Revenue 1Y (TTM)0.61%
Revenue growth 3Y7.11%
Revenue growth 5Y12.38%
Sales Q2Q%0%
Revenue Next Year7.88%
Revenue Next 2Y6.69%
Revenue Next 3Y6.21%
Revenue Next 5YN/A
EBIT growth 1Y7.93%
EBIT growth 3Y16.98%
EBIT growth 5Y16.2%
EBIT Next Year30.08%
EBIT Next 3Y14.83%
EBIT Next 5YN/A
FCF growth 1Y19.48%
FCF growth 3Y15.3%
FCF growth 5Y23%
OCF growth 1Y16.81%
OCF growth 3Y13.07%
OCF growth 5Y19.85%