TELEDYNE TECHNOLOGIES INC (TDY)
US8793601050 - Common Stock
Taking everything into account, TDY scores 5 out of 10 in our fundamental rating. TDY was compared to 127 industry peers in the Electronic Equipment, Instruments & Components industry. While TDY has a great profitability rating, there are some minor concerns on its financial health. TDY has a correct valuation and a medium growth rate.
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.
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 6.10%, TDY is in the better half of the industry, outperforming 78.57% of the companies in the same industry.
With a decent Return On Equity value of 9.61%, TDY is doing good in the industry, outperforming 69.05% of the companies in the same industry.
TDY has a better Return On Invested Capital (7.27%) than 69.84% of its industry peers.
The Average Return On Invested Capital over the past 3 years for TDY is below the industry average of 9.45%.
The last Return On Invested Capital (7.27%) for TDY is above the 3 year average (6.19%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.1% | ||
| ROE | 9.61% | ||
| ROIC | 7.27% |
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
With an excellent Profit Margin value of 15.72%, TDY belongs to the best of the industry, outperforming 94.44% 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 18.36%. This is amongst the best in the industry. TDY outperforms 96.03% of its industry peers.
In the last couple of years the Operating Margin of TDY has grown nicely.
TDY's Gross Margin of 43.29% is fine compared to the rest of the industry. TDY outperforms 77.78% of its industry peers.
In the last couple of years the Gross Margin of TDY has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.36% | ||
| PM (TTM) | 15.72% | ||
| GM | 43.29% |
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.
The number of shares outstanding for TDY has been increased compared to 1 year ago.
Compared to 5 years ago, TDY has more shares outstanding
TDY has a better debt/assets ratio than last year.
2.2 Solvency
TDY has an Altman-Z score of 3.26. This indicates that TDY is financially healthy and has little risk of bankruptcy at the moment.
With a decent Altman-Z score value of 3.26, TDY is doing good in the industry, outperforming 60.32% of the companies in the same industry.
TDY has a debt to FCF ratio of 4.50. This is a neutral value as TDY would need 4.50 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 4.50, TDY is in the better half of the industry, outperforming 62.70% of the companies in the same industry.
TDY has a Debt/Equity ratio of 0.29. This is a healthy value indicating a solid balance between debt and equity.
TDY has a Debt to Equity ratio of 0.29. This is comparable to the rest of the industry: TDY outperforms 40.48% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.29 | ||
| Debt/FCF | 4.5 | ||
| Altman-Z | 3.26 |
ROIC/WACC0.83
WACC8.79%
2.3 Liquidity
A Current Ratio of 1.69 indicates that TDY should not have too much problems paying its short term obligations.
TDY has a worse Current ratio (1.69) than 72.22% of its industry peers.
A Quick Ratio of 1.17 indicates that TDY should not have too much problems paying its short term obligations.
TDY has a worse Quick ratio (1.17) than 70.63% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.69 | ||
| Quick Ratio | 1.17 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 8.31% 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 16.92% on average per year.
The Revenue has been growing slightly by 3.24% in the past year.
TDY shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 14.20% yearly.
EPS 1Y (TTM)8.31%
EPS 3Y22.89%
EPS 5Y16.92%
EPS growth Q2Q10.12%
Revenue 1Y (TTM)3.24%
Revenue growth 3Y22.23%
Revenue growth 5Y14.2%
Revenue growth Q2Q0.48%
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.
The Revenue is expected to grow by 4.35% on average over the next years.
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
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.
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 19.03, the valuation of TDY can be described as rather expensive.
71.43% of the companies in the same industry are more expensive than TDY, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of TDY to the average of the S&P500 Index (24.84), we can say TDY is valued slightly cheaper.
Based on the Price/Forward Earnings ratio of 18.03, the valuation of TDY can be described as rather expensive.
TDY's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. TDY is cheaper than 69.84% 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 21.35.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.03 | ||
| Fwd PE | 18.03 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, TDY is valued a bit cheaper than the industry average as 63.49% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, TDY is valued a bit cheaper than 69.84% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.61 | ||
| EV/EBITDA | 15.06 |
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)3.46
PEG (5Y)1.12
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 (4/26/2024, 7:19:03 PM)
After market: 374.64 0 (0%)374.64
-2.34 (-0.62%)
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 Cap17.75B
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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PT rev (1m)
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Revenue NQ rev (1m)
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.03 | ||
| Fwd PE | 18.03 | ||
| 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)3.46
PEG (5Y)1.12
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.1% | ||
| ROE | 9.61% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 18.36% | ||
| PM (TTM) | 15.72% | ||
| GM | 43.29% | ||
| 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 Turnover0.39
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.29 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.69 | ||
| Quick Ratio | 1.17 | ||
| 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)8.31%
EPS 3Y22.89%
EPS 5Y
EPS growth Q2Q
EPS Next Y5.51%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)3.24%
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
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OCF growth 5Y