NYSE:TDY

Stock Analysis Report

Executive Summary

Teledyne Technologies Incorporated provides instrumentation, digital imaging, aerospace and defense electronics, and engineered systems in the United States, the United Kingdom, Canada, the Netherlands, and internationally.


Snowflake Analysis

Flawless balance sheet with solid track record.


Similar Companies

Share Price & News

How has Teledyne Technologies's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TDY's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

20.8%

TDY

17.4%

US Aerospace & Defense

10.5%

US Market


1 Year Return

19.1%

TDY

-9.5%

US Aerospace & Defense

-11.5%

US Market

Return vs Industry: TDY exceeded the US Aerospace & Defense industry which returned -9.5% over the past year.

Return vs Market: TDY exceeded the US Market which returned -11.5% over the past year.


Shareholder returns

TDYIndustryMarket
7 Day20.8%17.4%10.5%
30 Day-16.8%-19.2%-15.4%
90 Day-18.9%-24.4%-21.4%
1 Year19.1%19.1%-7.9%-9.5%-9.6%-11.5%
3 Year123.2%123.2%9.7%3.9%12.6%5.4%
5 Year164.1%164.1%40.0%26.8%32.8%18.1%

Price Volatility Vs. Market

How volatile is Teledyne Technologies's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Teledyne Technologies undervalued compared to its fair value and its price relative to the market?

25.47x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: TDY ($282.23) is trading above our estimate of fair value ($271.55)

Significantly Below Fair Value: TDY is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: TDY is poor value based on its PE Ratio (25.5x) compared to the Aerospace & Defense industry average (15x).

PE vs Market: TDY is poor value based on its PE Ratio (25.5x) compared to the US market (13x).


Price to Earnings Growth Ratio

PEG Ratio: TDY is poor value based on its PEG Ratio (4.3x)


Price to Book Ratio

PB vs Industry: TDY is overvalued based on its PB Ratio (3.8x) compared to the US Aerospace & Defense industry average (1.8x).


Next Steps

Future Growth

How is Teledyne Technologies forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

6.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TDY's forecast earnings growth (6% per year) is above the savings rate (1.7%).

Earnings vs Market: TDY's earnings (6% per year) are forecast to grow slower than the US market (12.3% per year).

High Growth Earnings: TDY's earnings are forecast to grow, but not significantly.

Revenue vs Market: TDY's revenue (4% per year) is forecast to grow slower than the US market (7.3% per year).

High Growth Revenue: TDY's revenue (4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if TDY's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Teledyne Technologies performed over the past 5 years?

15.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TDY has high quality earnings.

Growing Profit Margin: TDY's current net profit margins (12.7%) are higher than last year (11.5%).


Past Earnings Growth Analysis

Earnings Trend: TDY's earnings have grown by 15.7% per year over the past 5 years.

Accelerating Growth: TDY's earnings growth over the past year (20.6%) exceeds its 5-year average (15.7% per year).

Earnings vs Industry: TDY earnings growth over the past year (20.6%) exceeded the Aerospace & Defense industry 3.8%.


Return on Equity

High ROE: TDY's Return on Equity (14.8%) is considered low.


Next Steps

Financial Health

How is Teledyne Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: TDY's short term assets ($1.3B) exceed its short term liabilities ($763.2M).

Long Term Liabilities: TDY's short term assets ($1.3B) exceed its long term liabilities ($1.1B).


Debt to Equity History and Analysis

Debt Level: TDY's debt to equity ratio (31.3%) is considered satisfactory.

Reducing Debt: TDY's debt to equity ratio has reduced from 47.6% to 31.3% over the past 5 years.

Debt Coverage: TDY's debt is well covered by operating cash flow (56.7%).

Interest Coverage: TDY's interest payments on its debt are well covered by EBIT (23.9x coverage).


Balance Sheet

Inventory Level: TDY has a high level of physical assets or inventory.

Debt Coverage by Assets: TDY's debt is covered by short term assets (assets are 1.5x debt).


Next Steps

Dividend

What is Teledyne Technologies's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate TDY's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate TDY's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if TDY's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TDY's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TDY's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.8yrs

Average management tenure


CEO

Al Pichelli (67yo)

1.17s

Tenure

US$3,818,788

Compensation

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 ...


CEO Compensation Analysis

Compensation vs Market: Al's total compensation ($USD3.82M) is below average for companies of similar size in the US market ($USD11.74M).

Compensation vs Earnings: Al's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Robert Mehrabian
Executive Chairman19.25yrsUS$7.83m0.43% $47.7m
Aldo Pichelli
President & CEO1.17yrsUS$3.82m0.24% $27.2m
Susan Main
Senior VP & CFO7.33yrsUS$1.88m0.10% $11.4m
Melanie Cibik
Senior VP7.5yrsUS$2.11m0.069% $7.7m
Jason VanWees
Executive Vice President of Strategy6.67yrsUS$2.15m0.097% $10.9m
Edwin Roks
VP and President of Digital Imagingno dataUS$1.82m0.014% $1.5m
Scott Hudson
VP & Chief Information Officer5.75yrsno datano data
Jason Connell
VP of Human Resources & Associate General Counsel3.25yrsno datano data
George Bobb
President of Aerospace Group & VPno datano data0.024% $2.7m
Janice Hess
President of Engineered Systems Segment5.83yrsno datano data

5.8yrs

Average Tenure

58yo

Average Age

Experienced Management: TDY's management team is seasoned and experienced (5.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Robert Mehrabian
Executive Chairman19.25yrsUS$7.83m0.43% $47.7m
Charles Crocker
Independent Director18.42yrsUS$232.50k0.12% $13.3m
Kenneth Dahlberg
Independent Director14.08yrsUS$220.00k0.034% $3.8m
Roxanne Austin
Independent Director13.42yrsUS$220.00k0.015% $1.7m
Paul Miller
Independent Director18.67yrsUS$220.00k0.058% $6.5m
Wesley von Schack
Independent Director13.67yrsUS$220.00k0.029% $3.2m
Michael Smith
Lead Director1.17yrsUS$257.50k0.099% $11.1m
Simon Lorne
Independent Director15.67yrsUS$240.00k0.099% $11.1m
Robert Malone
Independent Director4.67yrsUS$220.00k0.0083% $931.5k
Jane Sherburne
Independent Director5.58yrsUS$220.00k0.0099% $1.1m

13.9yrs

Average Tenure

74.5yo

Average Age

Experienced Board: TDY's board of directors are seasoned and experienced ( 13.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Teledyne Technologies Incorporated's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Teledyne Technologies Incorporated
  • Ticker: TDY
  • Exchange: NYSE
  • Founded: 1960
  • Industry: Aerospace and Defense
  • Sector: Capital Goods
  • Market Cap: US$11.196b
  • Shares outstanding: 36.64m
  • Website: https://www.teledyne.com

Number of Employees


Location

  • Teledyne Technologies Incorporated
  • 1049 Camino Dos Rios
  • Thousand Oaks
  • California
  • 91360-2362
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TDYNYSE (New York Stock Exchange)YesCommon StockUSUSDNov 1999
TYZDB (Deutsche Boerse AG)YesCommon StockDEEURNov 1999
TYZBRSE (Berne Stock Exchange)YesCommon StockCHCHFNov 1999

Biography

Teledyne Technologies Incorporated provides instrumentation, digital imaging, aerospace and defense electronics, and engineered systems in the United States, the United Kingdom, Canada, the Netherlands, and internationally. 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, academic research, and medical applications; and hardware and software for image processing and automatic data collection in industrial, academic research, 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 electronics for military applications. 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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/28 01:30
End of Day Share Price2020/03/27 00:00
Earnings2019/12/29
Annual Earnings2019/12/29


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.