TELEDYNE TECHNOLOGIES INC (TDY)
US8793601050 - Common Stock
Overall TDY gets a fundamental rating of 5 out of 10. We evaluated TDY against 127 industry peers in the Electronic Equipment, Instruments & Components industry. While TDY belongs to the best of the industry regarding profitability, 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
TDY's Return On Assets of 6.05% is fine compared to the rest of the industry. TDY outperforms 80.00% of its industry peers.
Looking at the Return On Equity, with a value of 9.49%, TDY is in the better half of the industry, outperforming 69.60% of the companies in the same industry.
TDY has a better Return On Invested Capital (7.15%) than 68.80% of its industry peers.
TDY had an Average Return On Invested Capital over the past 3 years of 6.19%. This is below the industry average of 9.32%.
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
The Profit Margin of TDY (15.81%) is better than 95.20% of its industry peers.
TDY's Profit Margin has improved in the last couple of years.
TDY has a Operating Margin of 18.32%. This is amongst the best in the industry. TDY outperforms 96.00% of its industry peers.
TDY's Operating Margin has improved in the last couple of years.
TDY has a better Gross Margin (43.32%) than 76.80% of its industry peers.
In the last couple of years the Gross Margin of TDY has grown nicely.
| 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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so TDY is destroying value.
Compared to 1 year ago, TDY has more shares outstanding
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
An Altman-Z score of 3.43 indicates that TDY is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.43, TDY is in the better half of the industry, outperforming 63.20% of the companies in the same industry.
TDY has a debt to FCF ratio of 3.97. This is a good value and a sign of high solvency as TDY would need 3.97 years to pay back of all of its debts.
TDY has a Debt to FCF ratio of 3.97. This is in the better half of the industry: TDY outperforms 61.60% of its industry peers.
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 60.80% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.28 | ||
| Debt/FCF | 3.97 | ||
| Altman-Z | 3.43 |
ROIC/WACC0.82
WACC8.7%
2.3 Liquidity
A Current Ratio of 1.81 indicates that TDY should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.81, TDY is doing worse than 68.00% of the companies in the same industry.
A Quick Ratio of 1.29 indicates that TDY should not have too much problems paying its short term obligations.
TDY's Quick ratio of 1.29 is on the low side compared to the rest of the industry. TDY is outperformed by 68.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.81 | ||
| Quick Ratio | 1.29 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 6.89% over the past year.
The Earnings Per Share has been growing by 16.92% on average over the past years. This is quite good.
The Revenue has been growing slightly by 1.47% in the past 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)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
TDY is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.12% yearly.
TDY is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.35% yearly.
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
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
TDY is valuated rather expensively with a Price/Earnings ratio of 20.62.
Based on the Price/Earnings ratio, TDY is valued a bit cheaper than 72.80% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 28.15, TDY is valued a bit cheaper.
With a Price/Forward Earnings ratio of 18.06, TDY is valued on the expensive side.
Based on the Price/Forward Earnings ratio, TDY is valued a bit cheaper than 66.40% of the companies in the same industry.
TDY's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 20.20.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.62 | ||
| Fwd PE | 18.06 |
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 61.60% of the companies listed 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 70.40% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 23.57 | ||
| EV/EBITDA | 15.99 |
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)3.75
PEG (5Y)1.22
EPS Next 2Y6.91%
EPS Next 3Y7.12%
5. Dividend
5.1 Amount
TDY does not give a dividend.
| 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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Revenue beat(2)
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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)
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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