TELEDYNE TECHNOLOGIES INC (TDY) Stock Fundamental Analysis
NYSE:TDY - US8793601050 - Common Stock
542.09 USD
+0.8 (+0.15%)
542.09 USD
0 (0%)
TDY gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 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.
TDY had a positive operating cash flow in the past year.
TDY had positive earnings in each of the past 5 years.
Each year in the past 5 years TDY had a positive operating cash flow.
1.2 Ratios
The Return On Assets of TDY (5.68%) is better than 78.23% of its industry peers.
With a decent Return On Equity value of 8.28%, TDY is doing good in the industry, outperforming 70.16% of the companies in the same industry.
With a decent Return On Invested Capital value of 7.38%, TDY is doing good in the industry, outperforming 74.19% 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 9.70%.
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 Profit Margin of 14.54%. This is amongst the best in the industry. TDY outperforms 91.94% 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 18.58%, TDY belongs to the top of the industry, outperforming 95.97% of the companies in the same industry.
In the last couple of years the Operating Margin of TDY has grown nicely.
TDY's Gross Margin of 42.75% is fine compared to the rest of the industry. TDY outperforms 73.39% of its industry peers.
TDY's Gross Margin has improved in the last couple of years.
| 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
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 4.54. This indicates that TDY is financially healthy and has little risk of bankruptcy at the moment.
TDY's Altman-Z score of 4.54 is fine compared to the rest of the industry. TDY outperforms 66.13% of its industry peers.
The Debt to FCF ratio of TDY is 2.75, which is a good value as it means it would take TDY, 2.75 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of TDY (2.75) is better than 71.77% of its industry peers.
A Debt/Equity ratio of 0.21 indicates that TDY is not too dependend on debt financing.
TDY's Debt to Equity ratio of 0.21 is in line compared to the rest of the industry. TDY outperforms 46.77% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.21 | ||
| Debt/FCF | 2.75 | ||
| Altman-Z | 4.54 |
ROIC/WACC0.8
WACC9.24%
2.3 Liquidity
A Current Ratio of 1.66 indicates that TDY should not have too much problems paying its short term obligations.
The Current ratio of TDY (1.66) is worse than 67.74% of its industry peers.
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 74.19% 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%.
The Earnings Per Share has been growing by 12.94% on average over the past years. This is quite good.
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
The Earnings Per Share is expected to grow by 10.26% on average over the next years. This is quite good.
TDY is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.21% yearly.
EPS Next Y9.87%
EPS Next 2Y10.64%
EPS Next 3Y10.26%
EPS Next 5YN/A
Revenue Next Year7.89%
Revenue Next 2Y6.7%
Revenue Next 3Y6.21%
Revenue Next 5YN/A
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 27.45, the valuation of TDY can be described as expensive.
TDY's Price/Earnings ratio is a bit cheaper when compared to the industry. TDY is cheaper than 66.13% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.17. TDY is around the same levels.
TDY is valuated rather expensively with a Price/Forward Earnings ratio of 22.42.
Compared to the rest of the industry, the Price/Forward Earnings ratio of TDY indicates a somewhat cheap valuation: TDY is cheaper than 63.71% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of TDY to the average of the S&P500 Index (22.78), we can say TDY is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.45 | ||
| Fwd PE | 22.42 |
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 62.10% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, TDY is valued a bit cheaper than the industry average as 74.19% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 26.67 | ||
| EV/EBITDA | 19.54 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The excellent profitability rating of TDY may justify a higher PE ratio.
PEG (NY)2.78
PEG (5Y)2.12
EPS Next 2Y10.64%
EPS Next 3Y10.26%
5. Dividend
5.1 Amount
TDY does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
542.09
+0.8 (+0.15%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners98.4%
Inst Owner Change-1.47%
Ins Owners0.88%
Ins Owner Change-0.65%
Market Cap25.42B
Analysts82.67
Price Target621.6 (14.67%)
Short Float %1.71%
Short Ratio1.96
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)7.89%
PT rev (3m)9.46%
EPS NQ rev (1m)-1.83%
EPS NQ rev (3m)-1.68%
EPS NY rev (1m)0.24%
EPS NY rev (3m)0.53%
Revenue NQ rev (1m)-0.52%
Revenue NQ rev (3m)-0.39%
Revenue NY rev (1m)0.33%
Revenue NY rev (3m)0.31%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.45 | ||
| Fwd PE | 22.42 | ||
| P/S | 4.3 | ||
| P/FCF | 26.67 | ||
| P/OCF | 24.18 | ||
| P/B | 2.45 | ||
| P/tB | N/A | ||
| EV/EBITDA | 19.54 |
EPS(TTM)19.75
EY3.64%
EPS(NY)24.18
Fwd EY4.46%
FCF(TTM)20.32
FCFY3.75%
OCF(TTM)22.42
OCFY4.14%
SpS126.03
BVpS221.3
TBVpS-10.1
PEG (NY)2.78
PEG (5Y)2.12
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 | 4.54 |
F-Score6
WACC9.24%
ROIC/WACC0.8
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 Y9.87%
EPS Next 2Y10.64%
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 3Y6.21%
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%