TELEDYNE TECHNOLOGIES INC (TDY) Stock Fundamental Analysis
USA - NYSE:TDY - US8793601050 - Common Stock
562.26 USD
+0.77 (+0.14%)
562.26 USD
0 (0%)
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 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.
TDY had positive earnings in each of the past 5 years.
TDY had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
TDY has a Return On Assets of 5.68%. This is in the better half of the industry: TDY outperforms 77.42% of its industry peers.
TDY has a better Return On Equity (8.28%) than 69.35% of its industry peers.
TDY's Return On Invested Capital of 7.38% is fine compared to the rest of the industry. TDY outperforms 73.39% of its industry peers.
The Average Return On Invested Capital over the past 3 years for TDY is below the industry average of 9.32%.
The 3 year average ROIC (7.12%) for TDY is below the current ROIC(7.38%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.68% | ||
| ROE | 8.28% | ||
| ROIC | 7.38% |
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 better Profit Margin (14.54%) than 91.94% of its industry peers.
In the last couple of years the Profit Margin of TDY has grown nicely.
TDY has a better Operating Margin (18.58%) than 95.16% of its industry peers.
TDY's Operating Margin has improved in the last couple of years.
With a decent Gross Margin value of 42.75%, TDY is doing good in the industry, outperforming 72.58% 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 | 18.58% | ||
| PM (TTM) | 14.54% | ||
| GM | 42.75% |
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
TDY has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, TDY has less shares outstanding
Compared to 5 years ago, TDY has more shares outstanding
Compared to 1 year ago, TDY has an improved debt to assets ratio.
2.2 Solvency
TDY has an Altman-Z score of 4.66. 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 4.66, TDY is in the better half of the industry, outperforming 66.94% of the companies in the same industry.
TDY has a debt to FCF ratio of 2.75. This is a good value and a sign of high solvency as TDY would need 2.75 years to pay back of all of its debts.
TDY's Debt to FCF ratio of 2.75 is fine compared to the rest of the industry. TDY outperforms 70.97% of its industry peers.
TDY has a Debt/Equity ratio of 0.21. This is a healthy value indicating a solid balance between debt and equity.
TDY's Debt to Equity ratio of 0.21 is in line compared to the rest of the industry. TDY outperforms 45.97% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.21 | ||
| Debt/FCF | 2.75 | ||
| Altman-Z | 4.66 |
ROIC/WACC0.84
WACC8.84%
2.3 Liquidity
A Current Ratio of 1.66 indicates that TDY should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.66, TDY is doing worse than 67.74% of the companies in the same industry.
TDY has a Quick Ratio of 1.07. 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 worse Quick ratio (1.07) than 73.39% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.66 | ||
| Quick Ratio | 1.07 |
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%.
TDY shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 12.94% yearly.
Looking at the last year, TDY shows a small growth in Revenue. The Revenue has grown by 0.61% in the last year.
Measured over the past years, TDY shows a quite strong growth in Revenue. The Revenue has been growing by 12.38% on average per year.
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 10.26% yearly.
TDY is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.22% yearly.
EPS Next Y9.79%
EPS Next 2Y10.61%
EPS Next 3Y10.26%
EPS Next 5YN/A
Revenue Next Year7.89%
Revenue Next 2Y6.7%
Revenue Next 3Y6.22%
Revenue Next 5YN/A
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past 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
A Price/Earnings ratio of 28.47 indicates a quite expensive valuation of TDY.
Based on the Price/Earnings ratio, TDY is valued a bit cheaper than 64.52% of the companies in the same industry.
When comparing the Price/Earnings ratio of TDY to the average of the S&P500 Index (27.40), we can say TDY is valued inline with the index average.
A Price/Forward Earnings ratio of 23.27 indicates a rather expensive valuation of TDY.
Based on the Price/Forward Earnings ratio, TDY is valued a bit cheaper than the industry average as 62.90% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.94, TDY is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.47 | ||
| Fwd PE | 23.27 |
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 62.90% of the companies listed in the same industry.
74.19% of the companies in the same industry are more expensive than TDY, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 27.66 | ||
| EV/EBITDA | 20.18 |
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)2.91
PEG (5Y)2.2
EPS Next 2Y10.61%
EPS Next 3Y10.26%
5. Dividend
5.1 Amount
TDY does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
562.26
+0.77 (+0.14%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners96.19%
Inst Owner Change-0.25%
Ins Owners0.88%
Ins Owner Change-0.56%
Market Cap26.36B
Analysts82.5
Price Target621.6 (10.55%)
Short Float %1.55%
Short Ratio2.14
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)1
Avg EPS beat(2)0.76%
Min EPS beat(2)-0.41%
Max EPS beat(2)1.93%
EPS beat(4)3
Avg EPS beat(4)1.93%
Min EPS beat(4)-0.41%
Max EPS beat(4)4.61%
EPS beat(8)6
Avg EPS beat(8)2.22%
EPS beat(12)9
Avg EPS beat(12)2.58%
EPS beat(16)13
Avg EPS beat(16)3.83%
Revenue beat(2)2
Avg Revenue beat(2)1.07%
Min Revenue beat(2)0.62%
Max Revenue beat(2)1.52%
Revenue beat(4)4
Avg Revenue beat(4)1.39%
Min Revenue beat(4)0.62%
Max Revenue beat(4)2.55%
Revenue beat(8)4
Avg Revenue beat(8)-0.62%
Revenue beat(12)4
Avg Revenue beat(12)-0.59%
Revenue beat(16)6
Avg Revenue beat(16)-0.56%
PT rev (1m)0%
PT rev (3m)9.83%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1.46%
EPS NY rev (1m)-0.07%
EPS NY rev (3m)0.17%
Revenue NQ rev (1m)0.06%
Revenue NQ rev (3m)-0.06%
Revenue NY rev (1m)0.02%
Revenue NY rev (3m)0.33%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.47 | ||
| Fwd PE | 23.27 | ||
| P/S | 4.46 | ||
| P/FCF | 27.66 | ||
| P/OCF | 25.08 | ||
| P/B | 2.54 | ||
| P/tB | N/A | ||
| EV/EBITDA | 20.18 |
EPS(TTM)19.75
EY3.51%
EPS(NY)24.16
Fwd EY4.3%
FCF(TTM)20.32
FCFY3.61%
OCF(TTM)22.42
OCFY3.99%
SpS126.03
BVpS221.3
TBVpS-10.1
PEG (NY)2.91
PEG (5Y)2.2
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.68% | ||
| ROE | 8.28% | ||
| ROCE | 8.21% | ||
| ROIC | 7.38% | ||
| ROICexc | 7.56% | ||
| ROICexgc | 44.58% | ||
| OM | 18.58% | ||
| PM (TTM) | 14.54% | ||
| GM | 42.75% | ||
| FCFM | 16.13% |
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 Turnover0.39
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.21 | ||
| Debt/FCF | 2.75 | ||
| Debt/EBITDA | 1.53 | ||
| Cap/Depr | 30.63% | ||
| Cap/Sales | 1.67% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 74.09% | ||
| Profit Quality | 110.94% | ||
| Current Ratio | 1.66 | ||
| Quick Ratio | 1.07 | ||
| Altman-Z | 4.66 |
F-Score6
WACC8.84%
ROIC/WACC0.84
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 Y9.79%
EPS Next 2Y10.61%
EPS Next 3Y10.26%
EPS Next 5YN/A
Revenue 1Y (TTM)0.61%
Revenue growth 3Y7.11%
Revenue growth 5Y12.38%
Sales Q2Q%0%
Revenue Next Year7.89%
Revenue Next 2Y6.7%
Revenue Next 3Y6.22%
Revenue Next 5YN/A
EBIT growth 1Y7.93%
EBIT growth 3Y16.98%
EBIT growth 5Y16.2%
EBIT Next Year30.08%
EBIT Next 3Y14.83%
EBIT Next 5YN/A
FCF growth 1Y19.48%
FCF growth 3Y15.3%
FCF growth 5Y23%
OCF growth 1Y16.81%
OCF growth 3Y13.07%
OCF growth 5Y19.85%