TELEDYNE TECHNOLOGIES INC (TDY)
US8793601050 - Common Stock
We assign a fundamental rating of 5 out of 10 to TDY. TDY was compared to 127 industry peers in the Electronic Equipment, Instruments & Components industry. While TDY has a great profitability rating, there are some minor concerns on its financial health. TDY is not valued too expensively and it also shows a decent growth rate.
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.
TDY had positive earnings in each of the past 5 years.
In the past 5 years TDY always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of TDY (6.05%) is better than 80.80% of its industry peers.
The Return On Equity of TDY (9.49%) is better than 72.00% of its industry peers.
With a decent Return On Invested Capital value of 7.15%, TDY is doing good in the industry, outperforming 68.80% of the companies in the same industry.
TDY had an Average Return On Invested Capital over the past 3 years of 6.19%. This is below the industry average of 9.10%.
The last Return On Invested Capital (7.15%) for TDY is above the 3 year average (6.19%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.05% | ||
| ROE | 9.49% | ||
| ROIC | 7.15% |
ROA(3y)4.89%
ROA(5y)6.27%
ROE(3y)8.37%
ROE(5y)10.47%
ROIC(3y)6.19%
ROIC(5y)8.02%
1.3 Margins
Looking at the Profit Margin, with a value of 15.81%, TDY belongs to the top of the industry, outperforming 95.20% of the companies in the same industry.
In the last couple of years the Profit Margin of TDY has grown nicely.
TDY has a better Operating Margin (18.32%) than 96.00% of its industry peers.
In the last couple of years the Operating Margin of TDY has grown nicely.
Looking at the Gross Margin, with a value of 43.32%, TDY is in the better half of the industry, outperforming 76.80% of the companies in the same industry.
TDY's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.32% | ||
| PM (TTM) | 15.81% | ||
| GM | 43.32% |
OM growth 3Y5.67%
OM growth 5Y5.04%
PM growth 3Y6.47%
PM growth 5Y6.44%
GM growth 3Y4.2%
GM growth 5Y2.49%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), TDY is destroying value.
The number of shares outstanding for TDY has been increased compared to 1 year ago.
Compared to 5 years ago, TDY has more shares outstanding
The debt/assets ratio for TDY has been reduced compared to a year ago.
2.2 Solvency
TDY has an Altman-Z score of 3.45. This indicates that TDY is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.45, TDY is in the better half of the industry, outperforming 61.60% of the companies in the same industry.
The Debt to FCF ratio of TDY is 3.97, which is a good value as it means it would take TDY, 3.97 years of fcf income to pay off all of its debts.
TDY has a better Debt to FCF ratio (3.97) than 62.40% of its industry peers.
TDY has a Debt/Equity ratio of 0.28. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.28, TDY is doing worse than 60.80% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.28 | ||
| Debt/FCF | 3.97 | ||
| Altman-Z | 3.45 |
ROIC/WACC0.8
WACC8.93%
2.3 Liquidity
A Current Ratio of 1.81 indicates that TDY should not have too much problems paying its short term obligations.
TDY's Current ratio of 1.81 is on the low side compared to the rest of the industry. TDY is outperformed by 67.20% of its industry peers.
TDY has a Quick Ratio of 1.29. 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 1.29, TDY is not doing good in the industry: 67.20% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.81 | ||
| Quick Ratio | 1.29 |
3. Growth
3.1 Past
TDY shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 6.89%.
TDY shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 16.92% yearly.
TDY shows a small growth in Revenue. In the last year, the Revenue has grown by 1.47%.
The Revenue has been growing by 14.20% on average over the past years. This is quite good.
EPS 1Y (TTM)6.89%
EPS 3Y22.89%
EPS 5Y16.92%
EPS growth Q2Q0.44%
Revenue 1Y (TTM)1.47%
Revenue growth 3Y22.23%
Revenue growth 5Y14.2%
Revenue growth Q2Q-2.4%
3.2 Future
The Earnings Per Share is expected to grow by 7.12% on average over the next years.
The Revenue is expected to grow by 4.35% on average over the next years.
EPS Next Y5.51%
EPS Next 2Y6.91%
EPS Next 3Y7.12%
EPS Next 5YN/A
Revenue Next Year3.42%
Revenue Next 2Y4.15%
Revenue Next 3Y4.35%
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.
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
TDY is valuated rather expensively with a Price/Earnings ratio of 20.62.
Compared to the rest of the industry, the Price/Earnings ratio of TDY indicates a somewhat cheap valuation: TDY is cheaper than 73.60% of the companies listed in the same industry.
TDY is valuated rather cheaply when we compare the Price/Earnings ratio to 28.60, which is the current average of the S&P500 Index.
TDY is valuated rather expensively with a Price/Forward Earnings ratio of 18.06.
Based on the Price/Forward Earnings ratio, TDY is valued a bit cheaper than 64.80% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 20.15. TDY is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.62 | ||
| Fwd PE | 18.06 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, TDY is valued a bit cheaper than 61.60% 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 69.60% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 23.57 | ||
| EV/EBITDA | 16.14 |
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)3.75
PEG (5Y)1.22
EPS Next 2Y6.91%
EPS Next 3Y7.12%
5. Dividend
5.1 Amount
No dividends for TDY!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
TELEDYNE TECHNOLOGIES INC
NYSE:TDY (5/17/2024, 7:04:00 PM)
After market: 406.43 0 (0%)406.43
+4.17 (+1.04%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap19.27B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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EPS beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.62 | ||
| Fwd PE | 18.06 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)3.75
PEG (5Y)1.22
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.05% | ||
| ROE | 9.49% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 18.32% | ||
| PM (TTM) | 15.81% | ||
| GM | 43.32% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.38
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.28 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.81 | ||
| Quick Ratio | 1.29 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)6.89%
EPS 3Y22.89%
EPS 5Y
EPS growth Q2Q
EPS Next Y5.51%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)1.47%
Revenue growth 3Y22.23%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y