TELEDYNE TECHNOLOGIES INC (TDY) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:TDY - US8793601050 - Common Stock
517.35 USD
-3.05 (-0.59%)
517.35 USD
0 (0%)
We assign a fundamental rating of 5 out of 10 to TDY. TDY was compared to 124 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 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.
In the past 5 years TDY has always been profitable.
TDY had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 5.32%, TDY is in the better half of the industry, outperforming 71.77% of the companies in the same industry.
The Return On Equity of TDY (7.74%) is better than 66.13% of its industry peers.
With a decent Return On Invested Capital value of 7.36%, TDY is doing good in the industry, outperforming 73.39% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for TDY is below the industry average of 9.30%.
The last Return On Invested Capital (7.36%) for TDY is above the 3 year average (7.12%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.32% | ||
| ROE | 7.74% | ||
| ROIC | 7.36% |
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
Looking at the Profit Margin, with a value of 13.62%, TDY belongs to the top of the industry, outperforming 89.52% of the companies in the same industry.
In the last couple of years the Profit Margin of TDY has grown nicely.
TDY has a Operating Margin of 18.48%. This is amongst the best in the industry. TDY outperforms 95.97% of its industry peers.
In the last couple of years the Operating Margin of TDY has grown nicely.
The Gross Margin of TDY (42.73%) is better than 71.77% of its industry peers.
TDY's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.48% | ||
| PM (TTM) | 13.62% | ||
| GM | 42.73% |
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.
Compared to 1 year ago, TDY has less shares outstanding
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
An Altman-Z score of 4.40 indicates that TDY is not in any danger for bankruptcy at the moment.
TDY has a Altman-Z score of 4.40. This is in the better half of the industry: TDY outperforms 66.94% of its industry peers.
The Debt to FCF ratio of TDY is 2.44, which is a good value as it means it would take TDY, 2.44 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 2.44, TDY is doing good in the industry, outperforming 72.58% of the companies in the same industry.
A Debt/Equity ratio of 0.20 indicates that TDY is not too dependend on debt financing.
The Debt to Equity ratio of TDY (0.20) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | 2.44 | ||
| Altman-Z | 4.4 |
ROIC/WACC0.83
WACC8.82%
2.3 Liquidity
TDY has a Current Ratio of 1.79. 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 1.79. This is in the lower half of the industry: TDY underperforms 66.13% of its industry peers.
TDY has a Quick Ratio of 1.20. 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 Quick ratio of 1.20. This is in the lower half of the industry: TDY underperforms 68.55% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.79 | ||
| Quick Ratio | 1.2 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 7.54% over the past year.
Measured over the past years, TDY shows a quite strong growth in Earnings Per Share. The EPS has been growing by 12.94% on average per year.
TDY shows a small growth in Revenue. In the last year, the Revenue has grown by 0.61%.
The Revenue has been growing by 12.38% on average over the past years. This is quite good.
EPS 1Y (TTM)7.54%
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
Based on estimates for the next years, TDY will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.79% on average per year.
The Revenue is expected to grow by 5.80% on average over the next years.
EPS Next Y10.17%
EPS Next 2Y9.9%
EPS Next 3Y8.79%
EPS Next 5YN/A
Revenue Next Year8.11%
Revenue Next 2Y6.41%
Revenue Next 3Y5.8%
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.
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 24.36, the valuation of TDY can be described as rather expensive.
70.97% of the companies in the same industry are more expensive than TDY, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 26.92. TDY is around the same levels.
With a Price/Forward Earnings ratio of 21.69, 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 65.32% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 23.46. TDY is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.36 | ||
| Fwd PE | 21.69 |
4.2 Price Multiples
64.52% of the companies in the same industry are more expensive than TDY, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of TDY indicates a somewhat cheap valuation: TDY is cheaper than 75.81% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 23.4 | ||
| EV/EBITDA | 18.28 |
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)1.88
EPS Next 2Y9.9%
EPS Next 3Y8.79%
5. Dividend
5.1 Amount
No dividends for TDY!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
517.35
-3.05 (-0.59%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners96.95%
Inst Owner Change1.7%
Ins Owners0.88%
Ins Owner Change-1.03%
Market Cap24.29B
Revenue(TTM)5.67B
Net Income(TTM)817.70M
Analysts80
Price Target626.05 (21.01%)
Short Float %1.97%
Short Ratio2.57
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
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)1.31%
Min EPS beat(2)0.7%
Max EPS beat(2)1.93%
EPS beat(4)3
Avg EPS beat(4)1.71%
Min EPS beat(4)-0.41%
Max EPS beat(4)4.61%
EPS beat(8)6
Avg EPS beat(8)1.68%
EPS beat(12)9
Avg EPS beat(12)2.25%
EPS beat(16)13
Avg EPS beat(16)2.84%
Revenue beat(2)1
Avg Revenue beat(2)0.65%
Min Revenue beat(2)-0.23%
Max Revenue beat(2)1.52%
Revenue beat(4)3
Avg Revenue beat(4)1.11%
Min Revenue beat(4)-0.23%
Max Revenue beat(4)2.55%
Revenue beat(8)4
Avg Revenue beat(8)-0.35%
Revenue beat(12)4
Avg Revenue beat(12)-0.51%
Revenue beat(16)5
Avg Revenue beat(16)-0.6%
PT rev (1m)-0.63%
PT rev (3m)0.72%
EPS NQ rev (1m)-0.11%
EPS NQ rev (3m)-0.35%
EPS NY rev (1m)-0.09%
EPS NY rev (3m)0.34%
Revenue NQ rev (1m)0.13%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)-0.03%
Revenue NY rev (3m)0.21%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.36 | ||
| Fwd PE | 21.69 | ||
| P/S | 4.04 | ||
| P/FCF | 23.4 | ||
| P/OCF | 21.22 | ||
| P/B | 2.3 | ||
| P/tB | N/A | ||
| EV/EBITDA | 18.28 |
EPS(TTM)21.24
EY4.11%
EPS(NY)23.85
Fwd EY4.61%
FCF(TTM)22.11
FCFY4.27%
OCF(TTM)24.38
OCFY4.71%
SpS127.91
BVpS224.94
TBVpS-4.36
PEG (NY)2.4
PEG (5Y)1.88
Graham Number327.87
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.32% | ||
| ROE | 7.74% | ||
| ROCE | 8.18% | ||
| ROIC | 7.36% | ||
| ROICexc | 7.66% | ||
| ROICexgc | 43.97% | ||
| OM | 18.48% | ||
| PM (TTM) | 13.62% | ||
| GM | 42.73% | ||
| FCFM | 17.29% |
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%
ROICexgc growth 3Y6.58%
ROICexgc 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-Score5
Asset Turnover0.39
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | 2.44 | ||
| Debt/EBITDA | 1.45 | ||
| Cap/Depr | 32.38% | ||
| Cap/Sales | 1.77% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 79.56% | ||
| Profit Quality | 126.97% | ||
| Current Ratio | 1.79 | ||
| Quick Ratio | 1.2 | ||
| Altman-Z | 4.4 |
F-Score5
WACC8.82%
ROIC/WACC0.83
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)7.54%
EPS 3Y6.11%
EPS 5Y12.94%
EPS Q2Q%0%
EPS Next Y10.17%
EPS Next 2Y9.9%
EPS Next 3Y8.79%
EPS Next 5YN/A
Revenue 1Y (TTM)0.61%
Revenue growth 3Y7.11%
Revenue growth 5Y12.38%
Sales Q2Q%0%
Revenue Next Year8.11%
Revenue Next 2Y6.41%
Revenue Next 3Y5.8%
Revenue Next 5YN/A
EBIT growth 1Y8.44%
EBIT growth 3Y16.98%
EBIT growth 5Y16.2%
EBIT Next Year29.04%
EBIT Next 3Y13.82%
EBIT Next 5YN/A
FCF growth 1Y29.68%
FCF growth 3Y15.3%
FCF growth 5Y23%
OCF growth 1Y25.87%
OCF growth 3Y13.07%
OCF growth 5Y19.85%
TELEDYNE TECHNOLOGIES INC / TDY FAQ
Can you provide the ChartMill fundamental rating for TELEDYNE TECHNOLOGIES INC?
ChartMill assigns a fundamental rating of 5 / 10 to TDY.
Can you provide the valuation status for TELEDYNE TECHNOLOGIES INC?
ChartMill assigns a valuation rating of 4 / 10 to TELEDYNE TECHNOLOGIES INC (TDY). This can be considered as Fairly Valued.
Can you provide the profitability details for TELEDYNE TECHNOLOGIES INC?
TELEDYNE TECHNOLOGIES INC (TDY) has a profitability rating of 8 / 10.
What is the valuation of TELEDYNE TECHNOLOGIES INC based on its PE and PB ratios?
The Price/Earnings (PE) ratio for TELEDYNE TECHNOLOGIES INC (TDY) is 24.36 and the Price/Book (PB) ratio is 2.3.