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 125 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. While showing a medium growth rate, TDY is valued expensive at the moment.
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.
In the past 5 years TDY always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of TDY (5.51%) is better than 76.80% of its industry peers.
TDY has a Return On Equity of 8.36%. This is in the better half of the industry: TDY outperforms 71.20% of its industry peers.
Looking at the Return On Invested Capital, with a value of 7.01%, TDY is in the better half of the industry, outperforming 71.20% of the companies in the same industry.
TDY had an Average Return On Invested Capital over the past 3 years of 7.12%. This is below the industry average of 9.35%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.51% | ||
| ROE | 8.36% | ||
| ROIC | 7.01% |
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
With an excellent Profit Margin value of 14.37%, TDY belongs to the best of the industry, outperforming 90.40% of the companies in the same industry.
In the last couple of years the Profit Margin of TDY has grown nicely.
The Operating Margin of TDY (18.49%) is better than 95.20% of its industry peers.
TDY's Operating Margin has improved in the last couple of years.
The Gross Margin of TDY (42.89%) is better than 74.40% of its industry peers.
In the last couple of years the Gross Margin of TDY has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.49% | ||
| PM (TTM) | 14.37% | ||
| GM | 42.89% |
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.
TDY has less shares outstanding than it did 1 year ago.
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
An Altman-Z score of 4.12 indicates that TDY is not in any danger for bankruptcy at the moment.
The Altman-Z score of TDY (4.12) is better than 68.00% of its industry peers.
TDY has a debt to FCF ratio of 2.80. This is a good value and a sign of high solvency as TDY would need 2.80 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 2.80, TDY is doing good in the industry, outperforming 72.00% of the companies in the same industry.
TDY has a Debt/Equity ratio of 0.30. This is a healthy value indicating a solid balance between debt and equity.
TDY has a Debt to Equity ratio of 0.30. This is in the lower half of the industry: TDY underperforms 61.60% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.3 | ||
| Debt/FCF | 2.8 | ||
| Altman-Z | 4.12 |
ROIC/WACC0.78
WACC8.98%
2.3 Liquidity
A Current Ratio of 2.19 indicates that TDY has no problem at all paying its short term obligations.
TDY's Current ratio of 2.19 is in line compared to the rest of the industry. TDY outperforms 44.80% of its industry peers.
TDY has a Quick Ratio of 1.44. This is a normal value and indicates that TDY is financially healthy and should not expect problems in meeting its short term obligations.
With a Quick ratio value of 1.44, TDY is not doing good in the industry: 60.80% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.19 | ||
| Quick Ratio | 1.44 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 0.30% 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%.
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 9.75% yearly.
Based on estimates for the next years, TDY will show a small growth in Revenue. The Revenue will grow by 5.97% on average per year.
EPS Next Y9.29%
EPS Next 2Y10.11%
EPS Next 3Y9.75%
EPS Next 5YN/A
Revenue Next Year7.56%
Revenue Next 2Y6.5%
Revenue Next 3Y5.97%
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 quite expensively with a Price/Earnings ratio of 25.34.
64.00% 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 26.53. TDY is around the same levels.
The Price/Forward Earnings ratio is 20.90, which indicates a rather expensive current valuation of TDY.
The rest of the industry has a similar Price/Forward Earnings ratio as TDY.
The average S&P500 Price/Forward Earnings ratio is at 22.27. TDY is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.34 | ||
| Fwd PE | 20.9 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as TDY.
Based on the Price/Free Cash Flow ratio, TDY is valued a bit cheaper than the industry average as 75.20% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.18 | ||
| EV/EBITDA | 18.99 |
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 a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)2.73
PEG (5Y)1.96
EPS Next 2Y10.11%
EPS Next 3Y9.75%
5. Dividend
5.1 Amount
No dividends for TDY!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
500.56
-4.8 (-0.95%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners94.83%
Inst Owner Change1.32%
Ins Owners1%
Ins Owner Change-1.2%
Market Cap23.46B
Analysts81.33
Price Target569.58 (13.79%)
Short Float %1.28%
Short Ratio1.81
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)2.1%
Min EPS beat(2)-0.41%
Max EPS beat(2)4.61%
EPS beat(4)3
Avg EPS beat(4)1.66%
Min EPS beat(4)-0.41%
Max EPS beat(4)4.61%
EPS beat(8)5
Avg EPS beat(8)1.94%
EPS beat(12)9
Avg EPS beat(12)2.43%
EPS beat(16)13
Avg EPS beat(16)7.59%
Revenue beat(2)2
Avg Revenue beat(2)1.58%
Min Revenue beat(2)0.62%
Max Revenue beat(2)2.55%
Revenue beat(4)3
Avg Revenue beat(4)0.99%
Min Revenue beat(4)-0.07%
Max Revenue beat(4)2.55%
Revenue beat(8)3
Avg Revenue beat(8)-0.83%
Revenue beat(12)3
Avg Revenue beat(12)-0.81%
Revenue beat(16)6
Avg Revenue beat(16)-0.18%
PT rev (1m)-0.79%
PT rev (3m)-1.33%
EPS NQ rev (1m)-0.35%
EPS NQ rev (3m)-2.76%
EPS NY rev (1m)-0.66%
EPS NY rev (3m)-0.82%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.33%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.46%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.34 | ||
| Fwd PE | 20.9 | ||
| P/S | 4.07 | ||
| P/FCF | 22.18 | ||
| P/OCF | 20.51 | ||
| P/B | 2.36 | ||
| P/tB | N/A | ||
| EV/EBITDA | 18.99 |
EPS(TTM)19.75
EY3.95%
EPS(NY)23.95
Fwd EY4.78%
FCF(TTM)22.57
FCFY4.51%
OCF(TTM)24.4
OCFY4.88%
SpS123.13
BVpS211.81
TBVpS-17
PEG (NY)2.73
PEG (5Y)1.96
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.51% | ||
| ROE | 8.36% | ||
| ROCE | 7.79% | ||
| ROIC | 7.01% | ||
| ROICexc | 7.26% | ||
| ROICexgc | 38.38% | ||
| OM | 18.49% | ||
| PM (TTM) | 14.37% | ||
| GM | 42.89% | ||
| FCFM | 18.33% |
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 Turnover0.38
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.3 | ||
| Debt/FCF | 2.8 | ||
| Debt/EBITDA | 2.15 | ||
| Cap/Depr | 27.45% | ||
| Cap/Sales | 1.49% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 82.91% | ||
| Profit Quality | 127.54% | ||
| Current Ratio | 2.19 | ||
| Quick Ratio | 1.44 | ||
| Altman-Z | 4.12 |
F-Score6
WACC8.98%
ROIC/WACC0.78
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 Y9.29%
EPS Next 2Y10.11%
EPS Next 3Y9.75%
EPS Next 5YN/A
Revenue 1Y (TTM)0.61%
Revenue growth 3Y7.11%
Revenue growth 5Y12.38%
Sales Q2Q%0%
Revenue Next Year7.56%
Revenue Next 2Y6.5%
Revenue Next 3Y5.97%
Revenue Next 5YN/A
EBIT growth 1Y3.94%
EBIT growth 3Y16.98%
EBIT growth 5Y16.2%
EBIT Next Year29.04%
EBIT Next 3Y14.42%
EBIT Next 5YN/A
FCF growth 1Y30.5%
FCF growth 3Y15.3%
FCF growth 5Y23%
OCF growth 1Y26.14%
OCF growth 3Y13.07%
OCF growth 5Y19.85%