TELEDYNE TECHNOLOGIES INC (TDY) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:TDY - US8793601050 - Common Stock
518.22 USD
-4.89 (-0.93%)
518.22 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 correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
TDY had positive earnings in the past year.
TDY had a positive operating cash flow in the past year.
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's Return On Assets of 5.32% is fine compared to the rest of the industry. TDY outperforms 71.20% of its industry peers.
The Return On Equity of TDY (7.74%) is better than 65.60% of its industry peers.
Looking at the Return On Invested Capital, with a value of 7.36%, TDY is in the better half of the industry, outperforming 73.60% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for TDY is below the industry average of 9.26%.
The 3 year average ROIC (7.12%) for TDY is below the current ROIC(7.36%), indicating increased profibility in the last year.
| 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
Looking at the Profit Margin, with a value of 13.62%, TDY belongs to the top of the industry, outperforming 88.80% of the companies in the same industry.
TDY's Profit Margin has improved in the last couple of years.
With an excellent Operating Margin value of 18.48%, TDY belongs to the best of the industry, outperforming 96.00% of the companies in the same industry.
In the last couple of years the Operating Margin of TDY has grown nicely.
Looking at the Gross Margin, with a value of 42.73%, TDY is in the better half of the industry, outperforming 72.00% of the companies in the same industry.
In the last couple of years the Gross Margin of TDY has grown nicely.
| 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
TDY has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, TDY has less shares outstanding
TDY has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, TDY has an improved debt to assets ratio.
2.2 Solvency
TDY has an Altman-Z score of 4.43. This indicates that TDY is financially healthy and has little risk of bankruptcy at the moment.
TDY has a Altman-Z score of 4.43. This is in the better half of the industry: TDY outperforms 67.20% of its industry peers.
TDY has a debt to FCF ratio of 2.44. This is a good value and a sign of high solvency as TDY would need 2.44 years to pay back of all of its debts.
TDY has a better Debt to FCF ratio (2.44) than 72.80% of its industry peers.
A Debt/Equity ratio of 0.20 indicates that TDY is not too dependend on debt financing.
TDY has a Debt to Equity ratio (0.20) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | 2.44 | ||
| Altman-Z | 4.43 |
ROIC/WACC0.85
WACC8.71%
2.3 Liquidity
A Current Ratio of 1.79 indicates that TDY should not have too much problems paying its short term obligations.
With a Current ratio value of 1.79, TDY is not doing good in the industry: 67.20% of the companies in the same industry are doing better.
A Quick Ratio of 1.20 indicates that TDY should not have too much problems paying its short term obligations.
The Quick ratio of TDY (1.20) is worse than 69.60% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.79 | ||
| Quick Ratio | 1.2 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 7.54% over the past year.
TDY shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 12.94% yearly.
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)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
The Earnings Per Share is expected to grow by 8.80% on average over the next years. This is quite good.
The Revenue is expected to grow by 5.76% on average over the next years.
EPS Next Y10.24%
EPS Next 2Y9.84%
EPS Next 3Y8.8%
EPS Next 5YN/A
Revenue Next Year8.14%
Revenue Next 2Y6.42%
Revenue Next 3Y5.76%
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.
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 rather expensively with a Price/Earnings ratio of 24.40.
71.20% of the companies in the same industry are more expensive than TDY, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of TDY to the average of the S&P500 Index (26.54), we can say TDY is valued inline with the index average.
A Price/Forward Earnings ratio of 21.75 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 23.78. TDY is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.4 | ||
| Fwd PE | 21.75 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, TDY is valued a bit cheaper than the industry average as 62.40% of the companies are valued more expensively.
76.80% of the companies in the same industry are more expensive than TDY, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 23.44 | ||
| EV/EBITDA | 18.46 |
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)2.38
PEG (5Y)1.89
EPS Next 2Y9.84%
EPS Next 3Y8.8%
5. Dividend
5.1 Amount
No dividends for TDY!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
518.22
-4.89 (-0.93%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners96.95%
Inst Owner Change1.7%
Ins Owners0.88%
Ins Owner Change-1.01%
Market Cap24.33B
Revenue(TTM)5.67B
Net Income(TTM)817.70M
Analysts80
Price Target630.03 (21.58%)
Short Float %1.88%
Short Ratio2.51
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
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)-0.02%
PT rev (3m)1.36%
EPS NQ rev (1m)-0.09%
EPS NQ rev (3m)-0.24%
EPS NY rev (1m)-0.02%
EPS NY rev (3m)0.34%
Revenue NQ rev (1m)-0.06%
Revenue NQ rev (3m)-0.13%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.23%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.4 | ||
| Fwd PE | 21.75 | ||
| P/S | 4.05 | ||
| P/FCF | 23.44 | ||
| P/OCF | 21.25 | ||
| P/B | 2.3 | ||
| P/tB | N/A | ||
| EV/EBITDA | 18.46 |
EPS(TTM)21.24
EY4.1%
EPS(NY)23.83
Fwd EY4.6%
FCF(TTM)22.11
FCFY4.27%
OCF(TTM)24.38
OCFY4.7%
SpS127.91
BVpS224.94
TBVpS-4.36
PEG (NY)2.38
PEG (5Y)1.89
Graham Number327.87
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 | 4.43 |
F-Score5
WACC8.71%
ROIC/WACC0.85
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 Y10.24%
EPS Next 2Y9.84%
EPS Next 3Y8.8%
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 2Y6.42%
Revenue Next 3Y5.76%
Revenue Next 5YN/A
EBIT growth 1Y8.44%
EBIT growth 3Y16.98%
EBIT growth 5Y16.2%
EBIT Next Year29.04%
EBIT Next 3Y13.82%
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 24.4 and the Price/Book (PB) ratio is 2.3.