TELEDYNE TECHNOLOGIES INC (TDY) Stock Fundamental Analysis
USA - NYSE:TDY - US8793601050 - Common Stock
565.02 USD
-6.91 (-1.21%)
567 USD
+1.98 (+0.35%)
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. While TDY belongs to the best of the industry regarding profitability, 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
In the past year TDY was profitable.
TDY had a positive operating cash flow in the past year.
Each year in the past 5 years TDY has been profitable.
Each year in the past 5 years TDY had a positive operating cash flow.
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 Return On Equity of 8.28%. This is in the better half of the industry: TDY outperforms 69.35% of its industry peers.
With a decent Return On Invested Capital value of 7.38%, TDY is doing good in the industry, outperforming 73.39% of the companies in the same industry.
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
Looking at the Profit Margin, with a value of 14.54%, TDY belongs to the top of the industry, outperforming 91.94% of the companies in the same industry.
In the last couple of years the Profit Margin of TDY has grown nicely.
TDY's Operating Margin of 18.58% is amongst the best of the industry. TDY outperforms 95.16% of its industry peers.
TDY's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 42.75%, TDY is in the better half of the industry, outperforming 72.58% of the companies in the same industry.
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.
Compared to 1 year ago, TDY has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 4.68 indicates that TDY is not in any danger for bankruptcy at the moment.
TDY's Altman-Z score of 4.68 is fine compared to the rest of the industry. TDY outperforms 66.94% of its industry peers.
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 has a better Debt to FCF ratio (2.75) than 70.97% of its industry peers.
A Debt/Equity ratio of 0.21 indicates that TDY is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.21, TDY is in line with its industry, outperforming 45.97% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.21 | ||
| Debt/FCF | 2.75 | ||
| Altman-Z | 4.68 |
ROIC/WACC0.83
WACC8.87%
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.
A Quick Ratio of 1.07 indicates that TDY should not have too much problems paying its short term obligations.
With a Quick ratio value of 1.07, TDY is not doing good in the industry: 73.39% of the companies in the same industry are doing better.
| 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.
The Revenue has been growing slightly by 0.61% in the past year.
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
Based on estimates for the next years, TDY will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.26% on average per year.
Based on estimates for the next years, TDY will show a small growth in Revenue. The Revenue will grow by 6.22% on average per year.
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
TDY is valuated quite expensively with a Price/Earnings ratio of 28.61.
Based on the Price/Earnings ratio, TDY is valued a bit cheaper than the industry average as 64.52% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 27.53, TDY is valued at the same level.
TDY is valuated rather expensively with a Price/Forward Earnings ratio of 23.39.
TDY's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. TDY is cheaper than 64.52% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of TDY to the average of the S&P500 Index (23.04), we can say TDY is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.61 | ||
| Fwd PE | 23.39 |
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.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of TDY indicates a somewhat cheap valuation: TDY is cheaper than 74.19% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 27.8 | ||
| EV/EBITDA | 20.29 |
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)2.92
PEG (5Y)2.21
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 |
565.02
-6.91 (-1.21%)
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 Cap26.49B
Analysts82.5
Price Target621.6 (10.01%)
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 | 28.61 | ||
| Fwd PE | 23.39 | ||
| P/S | 4.48 | ||
| P/FCF | 27.8 | ||
| P/OCF | 25.2 | ||
| P/B | 2.55 | ||
| P/tB | N/A | ||
| EV/EBITDA | 20.29 |
EPS(TTM)19.75
EY3.5%
EPS(NY)24.16
Fwd EY4.28%
FCF(TTM)20.32
FCFY3.6%
OCF(TTM)22.42
OCFY3.97%
SpS126.03
BVpS221.3
TBVpS-10.1
PEG (NY)2.92
PEG (5Y)2.21
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 | 4.68 |
F-Score6
WACC8.87%
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)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%