TELEDYNE TECHNOLOGIES INC (TDY)
US8793601050 - Common Stock
TDY gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 126 industry peers in the Electronic Equipment, Instruments & Components industry. TDY has an excellent profitability rating, but there are 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.
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
Looking at the Return On Assets, with a value of 6.50%, TDY is in the better half of the industry, outperforming 78.51% of the companies in the same industry.
The Return On Equity of TDY (9.84%) is better than 73.55% of its industry peers.
TDY's Return On Invested Capital of 7.04% is fine compared to the rest of the industry. TDY outperforms 70.25% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for TDY is below the industry average of 9.16%.
The 3 year average ROIC (6.19%) for TDY is below the current ROIC(7.04%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.5% | ||
| ROE | 9.84% | ||
| ROIC | 7.04% |
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
The Profit Margin of TDY (16.88%) is better than 94.21% of its industry peers.
TDY's Profit Margin has improved in the last couple of years.
The Operating Margin of TDY (18.30%) is better than 95.87% of its industry peers.
TDY's Operating Margin has improved in the last couple of years.
TDY has a better Gross Margin (43.18%) than 75.21% of its industry peers.
In the last couple of years the Gross Margin of TDY has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.3% | ||
| PM (TTM) | 16.88% | ||
| GM | 43.18% |
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so TDY is destroying value.
TDY has more shares outstanding than it did 1 year ago.
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 a debt to FCF ratio of 3.01. This is a good value and a sign of high solvency as TDY would need 3.01 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 3.01, TDY is in the better half of the industry, outperforming 67.77% of the companies in the same industry.
A Debt/Equity ratio of 0.28 indicates that TDY is not too dependend on debt financing.
The Debt to Equity ratio of TDY (0.28) is worse than 61.16% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.28 | ||
| Debt/FCF | 3.01 | ||
| Altman-Z | N/A |
ROIC/WACC0.71
WACC9.88%
2.3 Liquidity
TDY has a Current Ratio of 2.00. 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 Current ratio value of 2.00, TDY is not doing good in the industry: 61.16% of the companies in the same industry are doing better.
TDY has a Quick Ratio of 1.35. This is a normal value and indicates that TDY is financially healthy and should not expect problems in meeting its short term obligations.
TDY's Quick ratio of 1.35 is on the low side compared to the rest of the industry. TDY is outperformed by 63.64% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2 | ||
| Quick Ratio | 1.35 |
3. Growth
3.1 Past
TDY shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 2.50%.
The Earnings Per Share has been growing by 16.92% on average over the past years. This is quite good.
The Revenue has decreased by -0.64% in the past year.
The Revenue has been growing by 14.20% on average over the past years. This is quite good.
EPS 1Y (TTM)2.5%
EPS 3Y22.89%
EPS 5Y16.92%
EPS Q2Q%0.99%
Revenue 1Y (TTM)-0.64%
Revenue growth 3Y22.23%
Revenue growth 5Y14.2%
Sales Q2Q%2.92%
3.2 Future
The Earnings Per Share is expected to grow by 6.55% on average over the next years.
Based on estimates for the next years, TDY will show a small growth in Revenue. The Revenue will grow by 3.22% on average per year.
EPS Next Y-0.27%
EPS Next 2Y5.19%
EPS Next 3Y6.55%
EPS Next 5YN/A
Revenue Next Year-0.93%
Revenue Next 2Y2.27%
Revenue Next 3Y3.22%
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
Based on the Price/Earnings ratio of 23.37, 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 71.90% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 27.48, TDY is valued at the same level.
With a Price/Forward Earnings ratio of 21.10, TDY is valued on the expensive side.
Based on the Price/Forward Earnings ratio, TDY is valued a bit cheaper than the industry average as 69.42% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.73, TDY is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.37 | ||
| Fwd PE | 21.1 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of TDY indicates a somewhat cheap valuation: TDY is cheaper than 63.64% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, TDY is valued a bit cheaper than 71.07% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 23.06 | ||
| EV/EBITDA | 17.74 |
4.3 Compensation for Growth
TDY has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.38
EPS Next 2Y5.19%
EPS Next 3Y6.55%
5. Dividend
5.1 Amount
No dividends for TDY!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
TELEDYNE TECHNOLOGIES INC
NYSE:TDY (1/3/2025, 8:05:21 PM)
After market: 459.7 0 (0%)459.7
+1.71 (+0.37%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners92.98%
Inst Owner Change0%
Ins Owners1.12%
Ins Owner Change-0.48%
Market Cap21.42B
Analysts81.33
Price Target548.7 (19.36%)
Short Float %0.96%
Short Ratio1.77
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/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)1.23%
Min EPS beat(2)0.88%
Max EPS beat(2)1.57%
EPS beat(4)3
Avg EPS beat(4)1.66%
Min EPS beat(4)-2.68%
Max EPS beat(4)6.85%
EPS beat(8)6
Avg EPS beat(8)2.52%
EPS beat(12)10
Avg EPS beat(12)3.21%
EPS beat(16)14
Avg EPS beat(16)8.96%
Revenue beat(2)1
Avg Revenue beat(2)0.4%
Min Revenue beat(2)-0.07%
Max Revenue beat(2)0.87%
Revenue beat(4)1
Avg Revenue beat(4)-1.81%
Min Revenue beat(4)-4.25%
Max Revenue beat(4)0.87%
Revenue beat(8)1
Avg Revenue beat(8)-1.32%
Revenue beat(12)2
Avg Revenue beat(12)-1.18%
Revenue beat(16)5
Avg Revenue beat(16)-0.29%
PT rev (1m)0.88%
PT rev (3m)13.28%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1.76%
EPS NY rev (1m)0%
EPS NY rev (3m)0.09%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.94%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.05%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.37 | ||
| Fwd PE | 21.1 | ||
| P/S | 3.83 | ||
| P/FCF | 23.06 | ||
| P/OCF | 20.92 | ||
| P/B | 2.23 | ||
| P/tB | N/A | ||
| EV/EBITDA | 17.74 |
EPS(TTM)19.67
EY4.28%
EPS(NY)21.79
Fwd EY4.74%
FCF(TTM)19.94
FCFY4.34%
OCF(TTM)21.97
OCFY4.78%
SpS120.02
BVpS205.88
TBVpS-14.7
PEG (NY)N/A
PEG (5Y)1.38
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.5% | ||
| ROE | 9.84% | ||
| ROCE | 7.85% | ||
| ROIC | 7.04% | ||
| ROICexc | 7.36% | ||
| ROICexgc | 41.83% | ||
| OM | 18.3% | ||
| PM (TTM) | 16.88% | ||
| GM | 43.18% | ||
| FCFM | 16.61% |
ROA(3y)4.89%
ROA(5y)6.27%
ROE(3y)8.37%
ROE(5y)10.47%
ROIC(3y)6.19%
ROIC(5y)8.02%
ROICexc(3y)6.5%
ROICexc(5y)8.69%
ROICexgc(3y)43.58%
ROICexgc(5y)41.8%
ROCE(3y)6.9%
ROCE(5y)8.94%
ROICexcg growth 3Y8.66%
ROICexcg growth 5Y3.26%
ROICexc growth 3Y-13.41%
ROICexc growth 5Y-9.6%
OM growth 3Y5.67%
OM growth 5Y5.04%
PM growth 3Y6.47%
PM growth 5Y6.44%
GM growth 3Y4.2%
GM growth 5Y2.49%
F-Score7
Asset Turnover0.38
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.28 | ||
| Debt/FCF | 3.01 | ||
| Debt/EBITDA | 1.99 | ||
| Cap/Depr | 30.6% | ||
| Cap/Sales | 1.7% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 76.78% | ||
| Profit Quality | 98.43% | ||
| Current Ratio | 2 | ||
| Quick Ratio | 1.35 | ||
| Altman-Z | N/A |
F-Score7
WACC9.88%
ROIC/WACC0.71
Cap/Depr(3y)30.51%
Cap/Depr(5y)46.39%
Cap/Sales(3y)1.98%
Cap/Sales(5y)2.21%
Profit Quality(3y)97.93%
Profit Quality(5y)105.57%
High Growth Momentum
Growth
EPS 1Y (TTM)2.5%
EPS 3Y22.89%
EPS 5Y16.92%
EPS Q2Q%0.99%
EPS Next Y-0.27%
EPS Next 2Y5.19%
EPS Next 3Y6.55%
EPS Next 5YN/A
Revenue 1Y (TTM)-0.64%
Revenue growth 3Y22.23%
Revenue growth 5Y14.2%
Sales Q2Q%2.92%
Revenue Next Year-0.93%
Revenue Next 2Y2.27%
Revenue Next 3Y3.22%
Revenue Next 5YN/A
EBIT growth 1Y-1.27%
EBIT growth 3Y29.16%
EBIT growth 5Y19.95%
EBIT Next Year21.49%
EBIT Next 3Y12.4%
EBIT Next 5YN/A
FCF growth 1Y105.44%
FCF growth 3Y9.62%
FCF growth 5Y14.9%
OCF growth 1Y87.98%
OCF growth 3Y10.55%
OCF growth 5Y13.35%