TELEDYNE TECHNOLOGIES INC (TDY) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:TDY - US8793601050 - Common Stock
502.82 USD
-3.72 (-0.73%)
502.82 USD
0 (0%)
We assign a fundamental rating of 5 out of 10 to TDY. 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.
TDY had a positive operating cash flow in the past year.
Each year in the past 5 years TDY has been profitable.
In the past 5 years TDY always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of TDY (5.32%) is better than 70.97% of its industry peers.
TDY's Return On Equity of 7.74% is fine compared to the rest of the industry. TDY outperforms 65.32% 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 73.39% 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 9.29%.
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
TDY's Profit Margin of 13.62% is amongst the best of the industry. TDY outperforms 88.71% of its industry peers.
TDY's Profit Margin has improved in the last couple of years.
The Operating Margin of TDY (18.48%) is better than 95.97% 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 72.58% of its industry peers.
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.
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 4.31. This indicates that TDY is financially healthy and has little risk of bankruptcy at the moment.
TDY has a better Altman-Z score (4.31) than 68.55% 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.
With a decent Debt to FCF ratio value of 2.44, TDY is doing good in the industry, outperforming 73.39% of the companies in the same industry.
A Debt/Equity ratio of 0.20 indicates that TDY is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.20, TDY is in line with its industry, outperforming 45.97% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | 2.44 | ||
| Altman-Z | 4.31 |
ROIC/WACC0.83
WACC8.83%
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.
The Current ratio of TDY (1.79) is worse than 66.94% of its industry peers.
A Quick Ratio of 1.20 indicates that TDY should not have too much problems paying its short term obligations.
With a Quick ratio value of 1.20, TDY is not doing good in the industry: 69.35% of the companies in the same industry are doing better.
| 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.
Looking at the last year, TDY shows a small growth in Revenue. The Revenue has grown by 0.61% in the last year.
TDY shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 12.38% yearly.
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 8.80% yearly.
TDY is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.76% yearly.
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.
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
Based on the Price/Earnings ratio of 23.67, the valuation of TDY can be described as rather expensive.
Based on the Price/Earnings ratio, TDY is valued a bit cheaper than the industry average as 68.55% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 26.22, TDY is valued at the same level.
A Price/Forward Earnings ratio of 21.10 indicates a rather expensive valuation of TDY.
Compared to the rest of the industry, the Price/Forward Earnings ratio of TDY indicates a somewhat cheap valuation: TDY is cheaper than 64.52% of the companies listed in the same industry.
TDY is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 23.58, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.67 | ||
| Fwd PE | 21.1 |
4.2 Price Multiples
TDY's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. TDY is cheaper than 62.10% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of TDY indicates a somewhat cheap valuation: TDY is cheaper than 77.42% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.74 | ||
| EV/EBITDA | 17.8 |
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)2.31
PEG (5Y)1.83
EPS Next 2Y9.84%
EPS Next 3Y8.8%
5. Dividend
5.1 Amount
TDY does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
502.82
-3.72 (-0.73%)
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 Cap23.61B
Revenue(TTM)5.67B
Net Income(TTM)817.70M
Analysts80
Price Target630.03 (25.3%)
Short Float %1.97%
Short Ratio2.57
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)0.25%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.67 | ||
| Fwd PE | 21.1 | ||
| P/S | 3.93 | ||
| P/FCF | 22.74 | ||
| P/OCF | 20.62 | ||
| P/B | 2.24 | ||
| P/tB | N/A | ||
| EV/EBITDA | 17.8 |
EPS(TTM)21.24
EY4.22%
EPS(NY)23.83
Fwd EY4.74%
FCF(TTM)22.11
FCFY4.4%
OCF(TTM)24.38
OCFY4.85%
SpS127.91
BVpS224.94
TBVpS-4.36
PEG (NY)2.31
PEG (5Y)1.83
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 | 4.31 |
F-Score5
WACC8.83%
ROIC/WACC0.83
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 23.67 and the Price/Book (PB) ratio is 2.24.