Teledyne Technologies
Market Cap
US$15.5b
Last Updated
2021/04/10 22:12 UTC
Data Sources
Company Financials +
Executive Summary
Teledyne Technologies Incorporated provides instrumentation, digital imaging, aerospace and defense electronics, and engineered systems in the United States, the United Kingdom, Canada, Denmark, France, the Netherlands, and internationally. More Details
Snowflake Analysis
Flawless balance sheet with acceptable track record.
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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 is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: TDY's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
0.5%
TDY
1.9%
US Aerospace & Defense
1.6%
US Market
1 Year Return
28.0%
TDY
21.5%
US Aerospace & Defense
55.3%
US Market
Return vs Industry: TDY exceeded the US Aerospace & Defense industry which returned 21.5% over the past year.
Return vs Market: TDY underperformed the US Market which returned 55.3% over the past year.
Shareholder returns
| TDY | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.5% | 1.9% | 1.6% |
| 30 Day | 7.4% | 8.5% | 4.1% |
| 90 Day | 14.0% | 13.6% | 5.5% |
| 1 Year | 28.0%28.0% | 24.2%21.5% | 58.1%55.3% |
| 3 Year | 117.0%117.0% | 16.6%-6.3% | 63.8%53.3% |
| 5 Year | 367.3%367.3% | 81.1%34.5% | 120.2%95.7% |
Long-Term 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
1 week ago | Simply Wall St
Is Teledyne Technologies (NYSE:TDY) Using Too Much Debt?3 weeks ago | Simply Wall St
Is Now An Opportune Moment To Examine Teledyne Technologies Incorporated (NYSE:TDY)?1 month ago | Simply Wall St
If You Had Bought Teledyne Technologies (NYSE:TDY) Stock Five Years Ago, You Could Pocket A 325% Gain TodayValuation
Is Teledyne Technologies undervalued compared to its fair value and its price relative to the market?
38.33x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: TDY ($419.72) is trading above our estimate of fair value ($305.77)
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 (38.3x) compared to the US Aerospace & Defense industry average (35.4x).
PE vs Market: TDY is poor value based on its PE Ratio (38.3x) compared to the US market (22.3x).
Price to Earnings Growth Ratio
PEG Ratio: TDY is poor value based on its PEG Ratio (4x)
Price to Book Ratio
PB vs Industry: TDY is overvalued based on its PB Ratio (4.8x) compared to the US Aerospace & Defense industry average (3x).
Future Growth
How is Teledyne Technologies forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
9.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TDY's forecast earnings growth (9.6% per year) is above the savings rate (2%).
Earnings vs Market: TDY's earnings (9.6% per year) are forecast to grow slower than the US market (18.7% per year).
High Growth Earnings: TDY's earnings are forecast to grow, but not significantly.
Revenue vs Market: TDY's revenue (5.5% per year) is forecast to grow slower than the US market (9.9% per year).
High Growth Revenue: TDY's revenue (5.5% 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
Past Performance
How has Teledyne Technologies performed over the past 5 years?
19.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TDY has high quality earnings.
Growing Profit Margin: TDY's current net profit margins (13%) are higher than last year (12.7%).
Past Earnings Growth Analysis
Earnings Trend: TDY's earnings have grown by 19.1% per year over the past 5 years.
Accelerating Growth: TDY's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TDY had negative earnings growth (-0.2%) over the past year, making it difficult to compare to the Aerospace & Defense industry average (-1.3%).
Return on Equity
High ROE: TDY's Return on Equity (12.4%) is considered low.
Financial Health
How is Teledyne Technologies's financial position?
Financial Position Analysis
Short Term Liabilities: TDY's short term assets ($1.7B) exceed its short term liabilities ($760.9M).
Long Term Liabilities: TDY's short term assets ($1.7B) exceed its long term liabilities ($1.1B).
Debt to Equity History and Analysis
Debt Level: TDY's debt to equity ratio (24.2%) is considered satisfactory.
Reducing Debt: TDY's debt to equity ratio has reduced from 57.3% to 24.2% over the past 5 years.
Debt Coverage: TDY's debt is well covered by operating cash flow (79.2%).
Interest Coverage: TDY's interest payments on its debt are well covered by EBIT (33.5x coverage).
Balance Sheet
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 recent payouts.
High Dividend: Unable to evaluate TDY's dividend yield against the top 25% of dividend payers, as the company has not reported any recent 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?
6.9yrs
Average management tenure
CEO
Al Pichelli (68 yo)
2.25yrs
Tenure
US$4,699,584
Compensation
Mr. Aldo Pichelli, also known as Al has been Chief Executive Officer at Teledyne Technologies Incorporated since January 1, 2019 and served its Chief Operating Officer of Teledyne Technologies Incorporated...
CEO Compensation Analysis
Compensation vs Market: Al's total compensation ($USD4.70M) is below average for companies of similar size in the US market ($USD10.94M).
Compensation vs Earnings: Al's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
Experienced Management: TDY's management team is seasoned and experienced (6.9 years average tenure).
Board Members
Experienced Board: TDY's board of directors are seasoned and experienced ( 14.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: TDY 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$15.539b
- Shares outstanding: 37.02m
- Website: https://www.teledyne.com
Number of Employees
Location
- Teledyne Technologies Incorporated
- 1049 Camino Dos Rios
- Thousand Oaks
- California
- 91360-2362
- United States
Listings
Biography
Teledyne Technologies Incorporated provides instrumentation, digital imaging, aerospace and defense electronics, and engineered systems in the United States, the United Kingdom, Canada, Denmark, France, th...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/10 22:12 |
| End of Day Share Price | 2021/04/09 00:00 |
| Earnings | 2021/01/03 |
| Annual Earnings | 2021/01/03 |
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.