Teledyne Technologies
- Home ›
- US ›
- Capital Goods
Teledyne Technologies Incorporated provides instrumentation, digital imaging, aerospace and defense electronics, and engineered systems in the United States, the United Kingdom, Denmark, Canada, France, and the Netherlands. The last earnings update was 49 days ago. More info.
Add to Portfolio Compare Print
TDY Share Price and Events
7 Day Returns
1 Year Returns
TDY Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Teledyne Technologies (TDY) | 0.6% | 5.9% | 9.5% | 24.3% | 154.4% | 163.9% |
| US Aerospace & Defense | -2.2% | 0.9% | 6% | 0.8% | 41.6% | 59% |
| US Market | 0.3% | 0.4% | 0.6% | 0.7% | 37.2% | 37.4% |
1 Year Return vs Industry and Market
- TDY outperformed the Aerospace & Defense industry which returned 0.8% over the past year.
- TDY outperformed the Market in United States of America which returned 0.7% over the past year.
TDY Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Teledyne Technologies
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Teledyne Technologies.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 5 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 8.5% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Aerospace & Defense Unlevered Beta | Simply Wall St/ S&P Global | 0.87 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.875 (1 + (1- 21%) (10.83%)) |
0.966 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.97 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.966 * 5.96%) |
8.49% |
Discounted Cash Flow Calculation for NYSE:TDY using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Teledyne Technologies is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 8.49%) |
|
|---|---|---|---|
| 2019 | 377.80 | Analyst x1 | 348.24 |
| 2020 | 419.07 | Analyst x3 | 356.06 |
| 2021 | 462.60 | Analyst x3 | 362.30 |
| 2022 | 523.00 | Analyst x1 | 377.55 |
| 2023 | 562.00 | Analyst x1 | 373.97 |
| 2024 | 594.90 | Est @ 5.85% | 364.89 |
| 2025 | 624.16 | Est @ 4.92% | 352.88 |
| 2026 | 650.75 | Est @ 4.26% | 339.13 |
| 2027 | 675.49 | Est @ 3.8% | 324.48 |
| 2028 | 699.00 | Est @ 3.48% | 309.51 |
| Present value of next 10 years cash flows | $3,509.01 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $699.00 × (1 + 2.73%) ÷ (8.49% – 2.73%) |
$12,471.60 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $12,471.60 ÷ (1 + 8.49%)10 |
$5,522.24 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $3,509.01 + $5,522.24 |
$9,031.25 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $9,031.25 / 36.24 |
$249.23 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $249.23 |
| Current discount | Discount to share price of
$254.84
= -1 x ($254.84 - $249.23) / $249.23 |
-2.3% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Teledyne Technologies is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Teledyne Technologies's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Teledyne Technologies's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in USD | $9.54 |
| NYSE:TDY Share Price ** | NYSE (2019-06-17) in USD | $254.84 |
| United States of America Aerospace & Defense Industry PE Ratio | Median Figure of 38 Publicly-Listed Aerospace & Defense Companies | 22.79x |
| United States of America Market PE Ratio | Median Figure of 3,093 Publicly-Listed Companies | 17.68x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Teledyne Technologies.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:TDY Share Price ÷ EPS (both in USD) = 254.84 ÷ 9.54 |
26.72x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Teledyne Technologies is overvalued based on earnings compared to the US Aerospace & Defense industry average.
- Teledyne Technologies is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Teledyne Technologies's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 26.72x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts |
7.9%per year |
| United States of America Aerospace & Defense Industry PEG Ratio | Median Figure of 33 Publicly-Listed Aerospace & Defense Companies | 1.92x |
| United States of America Market PEG Ratio | Median Figure of 2,125 Publicly-Listed Companies | 1.52x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 26.72x ÷ 7.9% |
3.4x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Teledyne Technologies is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Teledyne Technologies's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $64.84 |
| NYSE:TDY Share Price * | NYSE (2019-06-17) in USD | $254.84 |
| United States of America Aerospace & Defense Industry PB Ratio | Median Figure of 55 Publicly-Listed Aerospace & Defense Companies | 2.69x |
| United States of America Market PB Ratio | Median Figure of 5,245 Publicly-Listed Companies | 1.79x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:TDY Share Price ÷ Book Value per Share (both in USD) = 254.84 ÷ 64.84 |
3.93x |
* Primary Listing of Teledyne Technologies.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Teledyne Technologies is overvalued based on assets compared to the US Aerospace & Defense industry average.
Value checks
We assess Teledyne Technologies's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Aerospace & Defense industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Aerospace & Defense industry average (and greater than 0)? (1 check) Teledyne Technologies has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
TDY Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Teledyne Technologies's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Teledyne Technologies's earnings growth is positive but not above the United States of America market average.
- Teledyne Technologies's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:TDY Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts | 7.9% |
| NYSE:TDY Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts | 4.4% |
| United States of America Aerospace & Defense Industry Earnings Growth Rate | Market Cap Weighted Average | 10.6% |
| United States of America Aerospace & Defense Industry Revenue Growth Rate | Market Cap Weighted Average | 5.1% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.8% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.3% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 5 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | ||||
| 2022-12-31 | ||||
| 2021-12-31 | 3,359 | 553 | 422 | 2 |
| 2020-12-31 | 3,239 | 506 | 386 | 5 |
| 2019-12-31 | 3,105 | 469 | 355 | 5 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 2,951 | 455 | 343 |
| 2018-12-30 | 2,902 | 447 | 334 |
| 2018-09-30 | 2,858 | 448 | 310 |
| 2018-07-01 | 2,795 | 414 | 289 |
| 2018-04-01 | 2,733 | 393 | 263 |
| 2017-12-31 | 2,604 | 375 | 227 |
| 2017-10-01 | 2,452 | 315 | 213 |
| 2017-07-02 | 2,317 | 305 | 196 |
| 2017-04-02 | 2,186 | 301 | 182 |
| 2017-01-01 | 2,150 | 317 | 191 |
| 2016-10-02 | 2,208 | 312 | 192 |
| 2016-07-03 | 2,233 | 287 | 189 |
| 2016-04-03 | 2,267 | 263 | 191 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 5 Analyst Estimates (S&P Global) | See Below |
All data from Teledyne Technologies Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | ||||
| 2022-12-31 | ||||
| 2021-12-31 | 11.24 | 11.24 | 11.24 | 1.00 |
| 2020-12-31 | 10.30 | 10.90 | 10.00 | 5.00 |
| 2019-12-31 | 9.53 | 9.58 | 9.47 | 4.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | 9.54 |
| 2018-12-30 | 9.32 |
| 2018-09-30 | 8.72 |
| 2018-07-01 | 8.15 |
| 2018-04-01 | 7.45 |
| 2017-12-31 | 6.45 |
| 2017-10-01 | 6.05 |
| 2017-07-02 | 5.59 |
| 2017-04-02 | 5.25 |
| 2017-01-01 | 5.52 |
| 2016-10-02 | 5.53 |
| 2016-07-03 | 5.45 |
| 2016-04-03 | 5.46 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Teledyne Technologies is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Future performance checks
We assess Teledyne Technologies's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Teledyne Technologies has a total score of 1/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
TDY Past Performance
How has Teledyne Technologies performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Teledyne Technologies's year on year earnings growth rate has been positive over the past 5 years.
- Teledyne Technologies's 1-year earnings growth exceeds its 5-year average (30.4% vs 10%)
- Teledyne Technologies's earnings growth has not exceeded the US Aerospace & Defense industry average in the past year (30.4% vs 31.1%).
Earnings and Revenue History
All data from Teledyne Technologies Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 2,951.40 | 342.60 | 694.00 | |
| 2018-12-30 | 2,901.80 | 333.80 | 677.80 | |
| 2018-09-30 | 2,857.80 | 310.30 | 685.70 | |
| 2018-07-01 | 2,794.70 | 289.00 | 676.00 | |
| 2018-04-01 | 2,733.30 | 263.20 | 655.90 | |
| 2017-12-31 | 2,603.80 | 227.20 | 629.80 | |
| 2017-10-01 | 2,452.30 | 212.60 | 592.40 | |
| 2017-07-02 | 2,316.90 | 195.60 | 572.90 | |
| 2017-04-02 | 2,185.50 | 182.40 | 560.40 | |
| 2017-01-01 | 2,149.90 | 190.90 | 554.20 | |
| 2016-10-02 | 2,208.30 | 191.60 | 581.50 | |
| 2016-07-03 | 2,233.20 | 189.40 | 578.30 | |
| 2016-04-03 | 2,267.10 | 190.90 | 577.80 | |
| 2016-01-03 | 2,298.10 | 195.80 | 583.90 | |
| 2015-09-27 | 2,309.10 | 202.30 | 588.90 | |
| 2015-06-28 | 2,358.50 | 208.10 | 602.50 | |
| 2015-03-29 | 2,382.00 | 215.80 | 607.50 | |
| 2014-12-28 | 2,394.00 | 217.70 | 609.00 | |
| 2014-09-28 | 2,368.30 | 212.40 | 612.70 | |
| 2014-06-29 | 2,338.80 | 203.60 | 610.90 | |
| 2014-03-30 | 2,342.70 | 190.40 | 609.00 | |
| 2013-12-29 | 2,338.60 | 185.00 | 598.30 | |
| 2013-09-29 | 2,309.40 | 174.00 | 588.00 | |
| 2013-06-30 | 2,285.20 | 169.90 | 576.50 | |
| 2013-03-31 | 2,202.70 | 166.50 | 539.80 | |
| 2012-12-30 | 2,127.30 | 161.80 | 505.10 | |
| 2012-09-30 | 2,034.40 | 154.70 | 469.30 | |
| 2012-07-01 | 1,983.40 | 146.10 | 439.50 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Teledyne Technologies has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Teledyne Technologies used its assets more efficiently than the US Aerospace & Defense industry average last year based on Return on Assets.
- Teledyne Technologies has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Teledyne Technologies's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Aerospace & Defense industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Teledyne Technologies has a total score of 4/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
TDY Health
How is Teledyne Technologies's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Teledyne Technologies's finances.
The net worth of a company is the difference between its assets and liabilities.
- Teledyne Technologies is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Teledyne Technologies's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 1.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Teledyne Technologies Company Filings, last reported 2 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 2,349.50 | 1,000.40 | 106.20 |
| 2018-12-30 | 2,229.70 | 750.60 | 142.50 |
| 2018-09-30 | 2,216.80 | 837.30 | 126.10 |
| 2018-07-01 | 2,102.70 | 952.00 | 101.40 |
| 2018-04-01 | 2,055.90 | 1,028.40 | 79.90 |
| 2017-12-31 | 1,947.30 | 1,072.90 | 70.90 |
| 2017-10-01 | 1,853.40 | 1,195.70 | 82.50 |
| 2017-07-02 | 1,731.50 | 1,255.80 | 81.70 |
| 2017-04-02 | 1,604.10 | 1,313.10 | 69.70 |
| 2017-01-01 | 1,554.40 | 617.80 | 98.60 |
| 2016-10-02 | 1,545.10 | 613.00 | 99.50 |
| 2016-07-03 | 1,477.10 | 691.70 | 71.70 |
| 2016-04-03 | 1,427.00 | 719.50 | 83.20 |
| 2016-01-03 | 1,344.10 | 780.60 | 85.10 |
| 2015-09-27 | 1,420.80 | 712.70 | 71.50 |
| 2015-06-28 | 1,396.60 | 765.30 | 61.30 |
| 2015-03-29 | 1,329.50 | 830.00 | 110.20 |
| 2014-12-28 | 1,468.50 | 705.10 | 141.40 |
| 2014-09-28 | 1,537.70 | 577.80 | 125.80 |
| 2014-06-29 | 1,624.90 | 509.20 | 103.40 |
| 2014-03-30 | 1,546.90 | 559.90 | 73.70 |
| 2013-12-29 | 1,518.70 | 552.50 | 66.00 |
| 2013-09-29 | 1,359.60 | 643.10 | 88.70 |
| 2013-06-30 | 1,280.60 | 628.10 | 70.10 |
| 2013-03-31 | 1,233.50 | 698.70 | 49.00 |
| 2012-12-30 | 1,203.40 | 558.20 | 45.80 |
| 2012-09-30 | 1,198.90 | 647.70 | 24.20 |
| 2012-07-01 | 1,128.70 | 332.20 | 26.10 |
- Teledyne Technologies's level of debt (36.5%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has increased over the past 5 years (36.1% vs 36.5% today).
- Debt is well covered by operating cash flow (53.2%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 18.7x coverage).
Financial health checks
We assess Teledyne Technologies's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Teledyne Technologies has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
TDY Dividends
What is Teledyne Technologies's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Teledyne Technologies
shares you are expected to receive
$0
in your first year as a dividend.
Dividend Amount
- Unable to evaluate Teledyne Technologies's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate Teledyne Technologies's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 5 Analyst Estimates (S&P Global) | See Below |
| United States of America Aerospace & Defense Industry Average Dividend Yield | Market Cap Weighted Average of 22 Stocks | 1.9% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2011 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.5% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | ||
| 2022-12-31 | ||
| 2021-12-31 | 0.00 | 1.00 |
| 2020-12-31 | 0.00 | 1.00 |
| 2019-12-31 | 0.00 | 1.00 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to perform a dividend volatility check as Teledyne Technologies has not reported any payouts.
- Unable to verify if Teledyne Technologies's dividend has been increasing as the company has not reported any payouts.
Income/ dividend checks
We assess Teledyne Technologies's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Teledyne Technologies afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Teledyne Technologies has a total score of 0/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
TDY Management
CEO
| COMPENSATION | $3,461,019 |
| AGE | 66 |
| TENURE AS CEO | 0.4 years |
CEO Bio
Mr. Aldo Pichelli, also known as Al has been Chief Executive Officer at Teledyne Technologies Incorporated since January 1, 2019 and served its Chief Operating Officer of Teledyne Technologies Incorporated from October 6, 2015 to January 1, 2019 and serves its President since April 25, 2018.Mr. Pichelli served as an Executive Vice President of Instrumentation, Aerospace & Defense Electronics Segments of Teledyne Technologies Incorporated from July 1, 2013 to October 6, 2015. Mr. Pichelli served as the President and Chief Operating Officer of Instrumentation & Aerospace & Defense Electronics Segments at Teledyne Technologies Incorporated from January 2, 2011 to July 1, 2013. He served as the President of Electronics & Communications Segment at Teledyne Technologies Incorporated from September 1, 2007 to 2010 and served as its Senior Vice President and Chief Operating Officer of Electronics and Communications segment from July 22, 2003 to 2010. Prior to that, Mr. Pichelli served as a Vice President and General Manager of Teledyne Instruments from its formation in 2001 to 2003. He held various management and financial positions with several Teledyne companies (including former companies) since 1980, having been the Vice President and General Manager of Teledyne Analytical Instruments from 1997 to 2000 and the General Manager of Teledyne Hastings Instruments from 1996 to 1997. He served as Senior Vice President of Teledyne Laars from 1991 to 1996 and served as its Vice President of Manufacturing from 1989 to 1991; Vice President of Finance & Controller from 1983 to 1989; and Controller of Canadian Facility from 1980 to 1983. He held Accounting, auditing, insolvency & business investigations at Coopers & Lybrand from 1976 to 1980. Mr. Pichelli has been a Director of Intelek Limited (also known as Intelek plc) since July 27, 2010 and Teledyne LeCroy, Inc. (formerly LeCroy Corp.) since August 3, 2012. He serves as a Director of Teledyne RESON A/S, Teledyne Australia Pty Ltd., Teledyne Benthos, Inc., Teledyne Cormon Inc., Teledyne Cormon Limited and subsidiary, Teledyne France, Teledyne Germany GmbH, Teledyne Isco, Inc., Teledyne Properties Limited, Teledyne RD Technologies (Shanghai) Ltd., Teledyne Reynolds, Inc. and subsidiaries, Teledyne SG Brown Limited, Teledyne Singapore Private Limited and Teledyne TSS Limited. He served as a Director of Isco Holdings, Inc., Isco GmbH, Teledyne Reynolds International, Inc., and Storm Products (UK) Limited. Mr. Pichelli holds Bachelor of Commerce from McMaster University, Canada and Executive Programs at Stanford and University of Virginia.
CEO Compensation
- Al's compensation has been consistent with company performance over the past year, both up more than 20%.
- Al's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Teledyne Technologies management team in years:
- The tenure for the Teledyne Technologies management team is about average.
Management Team
Robert Mehrabian
Executive Chairman
$8M
77
0.4 yrs
Al Pichelli
President & CEO
$3M
66
0.4 yrs
Sue Main
Senior VP & CFO
$2M
59
6.6 yrs
Melanie Cibik
Senior VP
$2M
58
2.8 yrs
Scott Hudson
VP & Chief Information Officer
56
5 yrs
Jason Connell
VP of Human Resources & Associate General Counsel
42
2.5 yrs
Jason VanWees
Executive Vice President of Strategy
$1M
46
5.9 yrs
Stephen Blackwood
Senior VP of Strategic Sourcing
55
0.7 yrs
Sean OConnor
Chief Operating Officer & CFO of EEMI Group
53
0.8 yrs
Cynthia Belak
VP & Controller
61
4.1 yrs
Board of Directors Tenure
Average tenure and age of the Teledyne Technologies board of directors in years:
- The average tenure for the Teledyne Technologies board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors
Robert Mehrabian
Executive Chairman
$8M
77
18.5 yrs
Charles Crocker
Director
$258K
79
17.7 yrs
Simon Lorne
Director
$240K
72
14.9 yrs
Michael Smith
Lead Director
$233K
75
0.4 yrs
Paul Miller
Director
$220K
76
17.9 yrs
Kenneth Dahlberg
Director
$220K
73
13.3 yrs
Wes von Schack
Independent Director
$220K
74
12.9 yrs
Roxanne Austin
Independent Director
$220K
57
12.7 yrs
Jane Sherburne
Independent Director
$220K
67
4.8 yrs
Bob Malone
Director
$220K
66
3.9 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 29. Jan 19 | Sell | Robert Mehrabian | Individual | 29. Jan 19 | 29. Jan 19 | -8,316 | $220.00 | $-1,829,520 | ||
Management checks
We assess Teledyne Technologies's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Teledyne Technologies has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
TDY News
Simply Wall St News
Does Teledyne Technologies Incorporated's (NYSE:TDY) Past Performance Indicate A Stronger Future?
When Teledyne Technologies Incorporated (NYSE:TDY) released its most recent earnings update (31 March 2019), I compared it against two factor: its historical earnings track record, and the performance of its industry peers on average. … Let's see whether it is merely attributable to an industry uplift, or if Teledyne Technologies has experienced some company-specific growth. … I suggest you continue to research Teledyne Technologies to get a better picture of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for TDY’s future growth?
Simply Wall St - – Full articleWhat Do Analysts Think About Teledyne Technologies Incorporated's (NYSE:TDY) Growth?
View our latest analysis for Teledyne Technologies How will Teledyne Technologies perform in the near future? … I've plotted out each year's earnings expectations and inserted a line of best fit to calculate an annual growth rate from the slope in order to understand the overall trajectory of TDY's earnings growth over these next few years. … NYSE:TDY Past and Future Earnings, May 28th 2019 This results in an annual growth rate of 7.9% based on the most recent earnings level of US$334m to the final forecast of US$416m by 2022.
Simply Wall St - – Full articleEstimating The Fair Value Of Teledyne Technologies Incorporated (NYSE:TDY)
by projecting its future cash flows and then discounting them to today's value. … This is done using the Discounted Cash Flow (DCF) model! … If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in the Simply Wall St analysis model
Simply Wall St - – Full articleTeledyne Technologies Incorporated (NYSE:TDY): What's The Analyst Consensus Outlook?
The latest earnings update Teledyne Technologies Incorporated (NYSE:TDY) released in December 2018a
Simply Wall St - – Full articleDon't Sell Teledyne Technologies Incorporated (NYSE:TDY) Before You Read This
We'll apply a basic P/E ratio analysis to Teledyne Technologies Incorporated's (NYSE:TDY), to help you decide if the stock is worth further research. … Teledyne Technologies has a P/E ratio of 26.8, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleAll You Need To Know About Teledyne Technologies Incorporated's (NYSE:TDY) Financial Health
This article will examine TDY’s financial liquidity and debt levels to get an idea of whether the company can deal with cyclical downturns and maintain funds to accommodate strategic spending for future growth. … Note that this commentary is very high-level and solely focused on financial health, so I suggest you dig deeper yourself. … Check out our latest analysis for Teledyne Technologies
Simply Wall St - – Full articleNeed To Know: Teledyne Technologies Incorporated (NYSE:TDY) Insiders Have Been Selling Shares
So before you buy or sell Teledyne Technologies Incorporated (NYSE:TDY), you may well want to know whether insiders have been buying or selling. … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … Teledyne Technologies Insider Transactions Over The Last Year.
Simply Wall St - – Full articleDid You Miss Teledyne Technologies's (NYSE:TDY) Impressive 165% Share Price Gain?
To wit, the Teledyne Technologies Incorporated (NYSE:TDY) share price has flown 165% in the last three years. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … Teledyne Technologies was able to grow its EPS at 19% per year over three years, sending the share price higher.
Simply Wall St - – Full articleAt US$236, Is It Time To Put Teledyne Technologies Incorporated (NYSE:TDY) On Your Watch List?
Teledyne Technologies Incorporated (NYSE:TDY), which is in the aerospace & defense business, and is based in United States,. … As a well-established company, which tends to be well-covered by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … Let’s examine Teledyne Technologies’s valuation and outlook in more detail to determine if there’s still a bargain opportunity
Simply Wall St - – Full articleDid Teledyne Technologies Incorporated's (NYSE:TDY) Recent Earnings Growth Beat The Trend?
For long term investors, improvement in profitability and outperformance against the industry can be important characteristics in a stock. … In this article, I will take a look at Teledyne Technologies Incorporated's (NYSE:TDY) track record on a high level, to give you some insight into how the company has been performing against its historical trend and its industry peers. … Were TDY's earnings stronger than its past performances and the industry.
Simply Wall St - – Full articleTDY Company Info
Description
Teledyne Technologies Incorporated provides instrumentation, digital imaging, aerospace and defense electronics, and engineered systems in the United States, the United Kingdom, Denmark, Canada, France, and the Netherlands. The company’s Instrumentation segment offers monitoring and control instruments for marine, environmental, industrial, and other applications, as well as electronic test and measurement equipment; and power and communications connectivity devices for distributed instrumentation systems and sensor networks deployed in mission critical and harsh environments. Its Digital Imaging segment provides image sensors and digital cameras for use in industrial, scientific, and medical applications; and hardware and software for image processing and automatic data collection in industrial and medical applications, as well as manufacturing services for micro electro-mechanical systems. This segment also offers light detection and ranging systems; focal plane arrays, sensors, and subsystems; and geospatial software products. The company’s Aerospace and Defense Electronics segment provides electronic components and subsystems, as well as communications products, such as defense electronics; environment interconnects; data acquisition and communications equipment for aircraft; components and subsystems for wireless and satellite communications; and general aviation batteries. Its Engineered Systems segment offers systems engineering and integration, technology development, and manufacturing solutions for defense, space, environmental, and energy applications; and designs and manufactures electrochemical energy systems and small gas turbine engines. The company markets and sells its products and services through sales forces, third-party distributors, and commissioned sales representatives. Teledyne Technologies Incorporated was founded in 1960 and is headquartered in Thousand Oaks, California.
Details
| Name: | Teledyne Technologies Incorporated |
| TDY | |
| Exchange: | NYSE |
| Founded: | 1960 |
| $9,234,472,453 | |
| 36,236,354 | |
| Website: | http://www.teledyne.com |
| Address: |
Teledyne Technologies Incorporated 1049 Camino Dos Rios, Thousand Oaks, California, 91360, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | TDY | Common Stock | New York Stock Exchange | US | USD | 23. Nov 1999 | |
| DB | TYZ | Common Stock | Deutsche Boerse AG | DE | EUR | 23. Nov 1999 |
Number of employees
Current staff
Industry
| Aerospace and Defense | |
| Capital Goods |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/06/17 23:47 |
| End of day share price update: | 2019/06/17 00:00 |
| Last estimates confirmation: | 2019/06/11 |
| Last earnings filing: | 2019/04/29 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/30 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
