TELEDYNE TECHNOLOGIES INC (TDY)
US8793601050 - Common Stock
Overall TDY gets a fundamental rating of 5 out of 10. We evaluated TDY against 124 industry peers in the Electronic Equipment, Instruments & Components industry. While TDY has a great profitability rating, there are quite some 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
With a decent Return On Assets value of 6.50%, TDY is doing good in the industry, outperforming 79.67% of the companies in the same industry.
TDY has a better Return On Equity (9.84%) than 75.61% of its industry peers.
Looking at the Return On Invested Capital, with a value of 7.04%, TDY is in the better half of the industry, outperforming 71.54% 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 8.68%.
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
Looking at the Profit Margin, with a value of 16.88%, TDY belongs to the top of the industry, outperforming 95.12% of the companies in the same industry.
TDY's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 18.30%, TDY belongs to the top of the industry, outperforming 94.31% of the companies in the same industry.
TDY's Operating Margin has improved in the last couple of years.
TDY has a Gross Margin of 43.18%. This is in the better half of the industry: TDY outperforms 72.36% 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.
The debt/assets ratio for TDY has been reduced compared to a year ago.
2.2 Solvency
The Debt to FCF ratio of TDY is 3.01, which is a good value as it means it would take TDY, 3.01 years of fcf income to pay off all of its debts.
TDY has a better Debt to FCF ratio (3.01) than 69.11% 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.
TDY has a worse Debt to Equity ratio (0.28) than 62.60% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.28 | ||
| Debt/FCF | 3.01 | ||
| Altman-Z | N/A |
ROIC/WACC0.73
WACC9.67%
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.
TDY has a Current ratio of 2.00. This is in the lower half of the industry: TDY underperforms 65.04% of its industry peers.
A Quick Ratio of 1.35 indicates that TDY should not have too much problems paying its short term obligations.
TDY has a Quick ratio of 1.35. This is in the lower half of the industry: TDY underperforms 65.85% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2 | ||
| Quick Ratio | 1.35 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 2.50% over the past year.
The Earnings Per Share has been growing by 16.92% on average over the past years. This is quite good.
Looking at the last year, TDY shows a decrease in Revenue. The Revenue has decreased by -0.64% in the last year.
Measured over the past years, TDY shows a quite strong growth in Revenue. The Revenue has been growing by 14.20% on average per year.
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 6.22% on average over the next years.
The Revenue is expected to grow by 2.82% on average over the next years.
EPS Next Y-0.28%
EPS Next 2Y4.76%
EPS Next 3Y6.22%
EPS Next 5YN/A
Revenue Next Year-0.89%
Revenue Next 2Y1.93%
Revenue Next 3Y2.82%
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
The Price/Earnings ratio is 24.41, which indicates a rather expensive current valuation of TDY.
Based on the Price/Earnings ratio, TDY is valued a bit cheaper than the industry average as 71.54% of the companies are valued more expensively.
TDY's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 28.96.
TDY is valuated rather expensively with a Price/Forward Earnings ratio of 22.22.
Based on the Price/Forward Earnings ratio, TDY is valued a bit cheaper than the industry average as 66.67% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of TDY to the average of the S&P500 Index (23.82), we can say TDY is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.41 | ||
| Fwd PE | 22.22 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, TDY is valued a bit cheaper than the industry average as 63.41% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of TDY indicates a somewhat cheap valuation: TDY is cheaper than 69.92% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.09 | ||
| EV/EBITDA | 18.46 |
4.3 Compensation for Growth
TDY has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.44
EPS Next 2Y4.76%
EPS Next 3Y6.22%
5. Dividend
5.1 Amount
TDY does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
TELEDYNE TECHNOLOGIES INC
NYSE:TDY (11/21/2024, 8:04:00 PM)
After market: 480.22 0 (0%)480.22
+9.77 (+2.08%)
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 Cap22.38B
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)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
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 | 24.41 | ||
| Fwd PE | 22.22 | ||
| 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)N/A
PEG (5Y)1.44
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.5% | ||
| ROE | 9.84% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 18.3% | ||
| PM (TTM) | 16.88% | ||
| GM | 43.18% | ||
| 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 | 2 | ||
| Quick Ratio | 1.35 | ||
| 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)
High Growth Momentum
Growth
EPS 1Y (TTM)2.5%
EPS 3Y22.89%
EPS 5Y
EPS Q2Q%
EPS Next Y-0.28%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-0.64%
Revenue growth 3Y22.23%
Revenue growth 5Y
Sales 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