TELEDYNE TECHNOLOGIES INC (TDY) Stock Fundamental Analysis
NYSE:TDY - New York Stock Exchange, Inc. - US8793601050 - Common Stock - Currency: USD
Overall TDY gets a fundamental rating of 5 out of 10. We evaluated TDY against 123 industry peers in the Electronic Equipment, Instruments & Components industry. TDY has an excellent profitability rating, but 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.
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
TDY's Return On Assets of 5.77% is fine compared to the rest of the industry. TDY outperforms 75.61% of its industry peers.
With a decent Return On Equity value of 8.58%, TDY is doing good in the industry, outperforming 69.92% of the companies in the same industry.
TDY has a better Return On Invested Capital (7.24%) than 72.36% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for TDY is in line with the industry average of 8.74%.
The 3 year average ROIC (7.12%) for TDY is below the current ROIC(7.24%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.77% | ||
| ROE | 8.58% | ||
| ROIC | 7.24% |
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 has a Profit Margin of 14.45%. This is amongst the best in the industry. TDY outperforms 91.87% of its industry peers.
In the last couple of years the Profit Margin of TDY has grown nicely.
Looking at the Operating Margin, with a value of 18.37%, TDY belongs to the top of the industry, outperforming 95.94% 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 42.94%, TDY is in the better half of the industry, outperforming 76.42% 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 | 18.37% | ||
| PM (TTM) | 14.45% | ||
| GM | 42.94% |
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
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 reduced compared to 1 year ago.
The number of shares outstanding for TDY has been increased compared to 5 years ago.
The debt/assets ratio for TDY has been reduced compared to a year ago.
2.2 Solvency
TDY has an Altman-Z score of 4.32. This indicates that TDY is financially healthy and has little risk of bankruptcy at the moment.
With a decent Altman-Z score value of 4.32, TDY is doing good in the industry, outperforming 74.80% of the companies in the same industry.
TDY has a debt to FCF ratio of 2.39. This is a good value and a sign of high solvency as TDY would need 2.39 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 2.39, TDY is doing good in the industry, outperforming 72.36% of the companies in the same industry.
A Debt/Equity ratio of 0.28 indicates that TDY is not too dependend on debt financing.
TDY's Debt to Equity ratio of 0.28 is in line compared to the rest of the industry. TDY outperforms 43.09% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.28 | ||
| Debt/FCF | 2.39 | ||
| Altman-Z | 4.32 |
ROIC/WACC0.87
WACC8.3%
2.3 Liquidity
TDY has a Current Ratio of 2.33. This indicates that TDY is financially healthy and has no problem in meeting its short term obligations.
With a Current ratio value of 2.33, TDY perfoms like the industry average, outperforming 51.22% of the companies in the same industry.
A Quick Ratio of 1.61 indicates that TDY should not have too much problems paying its short term obligations.
With a Quick ratio value of 1.61, TDY perfoms like the industry average, outperforming 43.90% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.33 | ||
| Quick Ratio | 1.61 |
3. Growth
3.1 Past
TDY shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 0.30%.
The Earnings Per Share has been growing by 12.94% on average over the past years. This is quite good.
The Revenue has been growing slightly by 0.61% in the past 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)0.3%
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 9.48% yearly.
The Revenue is expected to grow by 5.09% on average over the next years.
EPS Next Y10.19%
EPS Next 2Y9.74%
EPS Next 3Y9.48%
EPS Next 5YN/A
Revenue Next Year7.07%
Revenue Next 2Y6.1%
Revenue Next 3Y5.09%
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
Based on the Price/Earnings ratio of 24.45, the valuation of TDY can be described as rather expensive.
Compared to the rest of the industry, the Price/Earnings ratio of TDY indicates a somewhat cheap valuation: TDY is cheaper than 62.60% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 29.35. TDY is around the same levels.
A Price/Forward Earnings ratio of 20.30 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 65.04% 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 22.10, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.45 | ||
| Fwd PE | 20.3 |
4.2 Price Multiples
TDY's Enterprise Value to EBITDA is on the same level as the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of TDY indicates a somewhat cheap valuation: TDY is cheaper than 72.36% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 20.41 | ||
| EV/EBITDA | 18.21 |
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)2.4
PEG (5Y)1.89
EPS Next 2Y9.74%
EPS Next 3Y9.48%
5. Dividend
5.1 Amount
No dividends for TDY!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
482.94
-8.33 (-1.7%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners94.83%
Inst Owner Change1.79%
Ins Owners1%
Ins Owner Change-1.77%
Market Cap22.62B
Analysts81.33
Price Target577.26 (19.53%)
Short Float %0.92%
Short Ratio1.73
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
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)3.09%
Min EPS beat(2)1.57%
Max EPS beat(2)4.61%
EPS beat(4)3
Avg EPS beat(4)1.1%
Min EPS beat(4)-2.68%
Max EPS beat(4)4.61%
EPS beat(8)6
Avg EPS beat(8)2.14%
EPS beat(12)10
Avg EPS beat(12)3.01%
EPS beat(16)14
Avg EPS beat(16)8.58%
Revenue beat(2)2
Avg Revenue beat(2)1.71%
Min Revenue beat(2)0.87%
Max Revenue beat(2)2.55%
Revenue beat(4)2
Avg Revenue beat(4)-0.22%
Min Revenue beat(4)-4.25%
Max Revenue beat(4)2.55%
Revenue beat(8)2
Avg Revenue beat(8)-0.93%
Revenue beat(12)2
Avg Revenue beat(12)-0.97%
Revenue beat(16)6
Avg Revenue beat(16)-0.13%
PT rev (1m)2.07%
PT rev (3m)6.13%
EPS NQ rev (1m)-0.1%
EPS NQ rev (3m)-1.76%
EPS NY rev (1m)-0.08%
EPS NY rev (3m)0.3%
Revenue NQ rev (1m)0.21%
Revenue NQ rev (3m)0.14%
Revenue NY rev (1m)0.51%
Revenue NY rev (3m)1.72%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.45 | ||
| Fwd PE | 20.3 | ||
| P/S | 3.99 | ||
| P/FCF | 20.41 | ||
| P/OCF | 18.97 | ||
| P/B | 2.37 | ||
| P/tB | N/A | ||
| EV/EBITDA | 18.21 |
EPS(TTM)19.75
EY4.09%
EPS(NY)23.79
Fwd EY4.93%
FCF(TTM)23.66
FCFY4.9%
OCF(TTM)25.45
OCFY5.27%
SpS121.08
BVpS203.92
TBVpS-9.69
PEG (NY)2.4
PEG (5Y)1.89
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.77% | ||
| ROE | 8.58% | ||
| ROCE | 8.05% | ||
| ROIC | 7.24% | ||
| ROICexc | 7.63% | ||
| ROICexgc | 41.01% | ||
| OM | 18.37% | ||
| PM (TTM) | 14.45% | ||
| GM | 42.94% | ||
| FCFM | 19.55% |
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%
ROICexcg growth 3Y6.58%
ROICexcg 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-Score6
Asset Turnover0.4
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.28 | ||
| Debt/FCF | 2.39 | ||
| Debt/EBITDA | 1.96 | ||
| Cap/Depr | 27.01% | ||
| Cap/Sales | 1.48% | ||
| Interest Coverage | 14.19 | ||
| Cash Conversion | 88.19% | ||
| Profit Quality | 135.28% | ||
| Current Ratio | 2.33 | ||
| Quick Ratio | 1.61 | ||
| Altman-Z | 4.32 |
F-Score6
WACC8.3%
ROIC/WACC0.87
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)0.3%
EPS 3Y6.11%
EPS 5Y12.94%
EPS Q2Q%0%
EPS Next Y10.19%
EPS Next 2Y9.74%
EPS Next 3Y9.48%
EPS Next 5YN/A
Revenue 1Y (TTM)0.61%
Revenue growth 3Y7.11%
Revenue growth 5Y12.38%
Sales Q2Q%0%
Revenue Next Year7.07%
Revenue Next 2Y6.1%
Revenue Next 3Y5.09%
Revenue Next 5YN/A
EBIT growth 1Y0.7%
EBIT growth 3Y16.98%
EBIT growth 5Y16.2%
EBIT Next Year29.13%
EBIT Next 3Y13.15%
EBIT Next 5YN/A
FCF growth 1Y53.66%
FCF growth 3Y15.3%
FCF growth 5Y23%
OCF growth 1Y42.55%
OCF growth 3Y13.07%
OCF growth 5Y19.85%