Teledyne Technologies
Market Cap
US$14.3b
Last Updated
2021/01/22 00:33 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, the Netherlands, and internationally. More Details
Rewards
Risk Analysis
No risks detected for TDY from our risk checks.
Snowflake Analysis
Flawless balance sheet with proven 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 is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: TDY's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
-0.1%
TDY
-2.4%
US Aerospace & Defense
1.4%
US Market
1 Year Return
5.3%
TDY
-29.3%
US Aerospace & Defense
22.6%
US Market
Return vs Industry: TDY exceeded the US Aerospace & Defense industry which returned -28.1% over the past year.
Return vs Market: TDY underperformed the US Market which returned 22.8% over the past year.
Shareholder returns
| TDY | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.1% | -2.4% | 1.4% |
| 30 Day | 2.3% | 1.6% | 4.9% |
| 90 Day | 13.9% | 7.6% | 14.6% |
| 1 Year | 5.3%5.3% | -14.7%-29.3% | 25.4%22.6% |
| 3 Year | 96.5%96.5% | -0.9%-21.4% | 46.8%37.0% |
| 5 Year | 398.0%398.0% | 75.0%31.9% | 132.0%106.1% |
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
6 days ago | Simply Wall St
Is Teledyne Technologies Incorporated's (NYSE:TDY) Latest Stock Performance A Reflection Of Its Financial Health?3 weeks ago | Simply Wall St
Have Insiders Been Selling Teledyne Technologies Incorporated (NYSE:TDY) Shares This Year?1 month ago | Simply Wall St
Is Teledyne Technologies (NYSE:TDY) A Risky Investment?Valuation
Is Teledyne Technologies undervalued compared to its fair value and its price relative to the market?
36.88x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: TDY ($387.68) is trading above our estimate of fair value ($306.97)
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 (36.9x) compared to the US Aerospace & Defense industry average (31.1x).
PE vs Market: TDY is poor value based on its PE Ratio (36.9x) compared to the US market (21.1x).
Price to Earnings Growth Ratio
PEG Ratio: TDY is poor value based on its PEG Ratio (3.2x)
Price to Book Ratio
PB vs Industry: TDY is overvalued based on its PB Ratio (4.7x) compared to the US Aerospace & Defense industry average (3x).
Next Steps
Future Growth
How is Teledyne Technologies forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
11.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TDY's forecast earnings growth (11.4% per year) is above the savings rate (2%).
Earnings vs Market: TDY's earnings (11.4% per year) are forecast to grow slower than the US market (21.6% per year).
High Growth Earnings: TDY's earnings are forecast to grow, but not significantly.
Revenue vs Market: TDY's revenue (6% per year) is forecast to grow slower than the US market (10.5% per year).
High Growth Revenue: TDY's revenue (6% 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
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Past Performance
How has Teledyne Technologies performed over the past 5 years?
19.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TDY has high quality earnings.
Growing Profit Margin: TDY's current net profit margins (12.4%) are higher than last year (12.3%).
Past Earnings Growth Analysis
Earnings Trend: TDY's earnings have grown by 19% per year over the past 5 years.
Accelerating Growth: TDY's earnings growth over the past year (2.1%) is below its 5-year average (19% per year).
Earnings vs Industry: TDY earnings growth over the past year (2.1%) exceeded the Aerospace & Defense industry -6.7%.
Return on Equity
High ROE: TDY's Return on Equity (12.7%) is considered low.
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Financial Health
How is Teledyne Technologies's financial position?
Financial Position Analysis
Short Term Liabilities: TDY's short term assets ($1.5B) exceed its short term liabilities ($671.2M).
Long Term Liabilities: TDY's short term assets ($1.5B) exceed its long term liabilities ($1.1B).
Debt to Equity History and Analysis
Debt Level: TDY's debt to equity ratio (26.1%) is considered satisfactory.
Reducing Debt: TDY's debt to equity ratio has reduced from 49.7% to 26.1% over the past 5 years.
Debt Coverage: TDY's debt is well covered by operating cash flow (69.6%).
Interest Coverage: TDY's interest payments on its debt are well covered by EBIT (30.2x coverage).
Balance Sheet
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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.
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Management
How experienced are the management team and are they aligned to shareholders interests?
6.6yrs
Average management tenure
CEO
Al Pichelli (68 yo)
2yrs
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 ($USD10.55M).
Compensation vs Earnings: Al's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 20.08yrs | US$7.83m | 0.42% $ 60.5m | |
| President & CEO | 2yrs | US$3.82m | 0.24% $ 34.5m | |
| Senior VP & CFO | 8.17yrs | US$1.88m | 0.10% $ 14.5m | |
| Senior VP | 8.33yrs | US$2.11m | 0.068% $ 9.8m | |
| Executive Vice President of Strategy | 7.5yrs | US$2.15m | 0.095% $ 13.6m | |
| VP and President of Digital Imaging | no data | US$1.82m | 0.014% $ 1.9m | |
| VP & Chief Information Officer | 6.58yrs | no data | no data | |
| VP of Human Resources & Associate General Counsel | 4.08yrs | no data | no data | |
| President of Aerospace Group & VP | no data | no data | 0.024% $ 3.4m | |
| President of Engineered Systems Segment | 6.67yrs | no data | no data | |
| COO and CFO of Environmental & Electronic Measurement Instrumentation | 2.33yrs | no data | no data | |
| Senior VP of Strategic Sourcing & Tax and Treasurer | 12.75yrs | no data | 0.026% $ 3.7m |
6.6yrs
Average Tenure
57.5yo
Average Age
Experienced Management: TDY's management team is seasoned and experienced (6.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 20.08yrs | US$7.83m | 0.42% $ 60.5m | |
| Independent Director | 19.25yrs | US$232.50k | 0.12% $ 17.0m | |
| Independent Director | 14.92yrs | US$220.00k | 0.047% $ 6.7m | |
| Independent Director | 14.25yrs | US$220.00k | 0.011% $ 1.6m | |
| Independent Director | 14.5yrs | US$220.00k | 0.029% $ 4.1m | |
| Lead Independent Director | 2yrs | US$257.50k | 0.11% $ 15.8m | |
| Independent Director | 16.5yrs | US$240.00k | 0.11% $ 15.5m | |
| Independent Director | 5.5yrs | US$220.00k | 0.0083% $ 1.2m | |
| Independent Director | 6.42yrs | US$220.00k | 0.0098% $ 1.4m | |
| Non-Employee Director | 0.25yr | no data | no data | |
| Independent Director | 1.5yrs | US$103.40k | no data |
14.3yrs
Average Tenure
74yo
Average Age
Experienced Board: TDY's board of directors are seasoned and experienced ( 14.3 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$14.326b
- Shares outstanding: 36.95m
- Website: https://www.teledyne.com
Number of Employees
Location
- Teledyne Technologies Incorporated
- 1049 Camino Dos Rios
- Thousand Oaks
- California
- 91360-2362
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TDY | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Nov 1999 |
| TYZ | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Nov 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, an...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/22 00:33 |
| End of Day Share Price | 2021/01/21 00:00 |
| Earnings | 2020/09/27 |
| Annual Earnings | 2019/12/29 |
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.