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, Denmark, Canada, France, and the Netherlands.

Snowflake

Fundamentals

Excellent 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


Market Performance


7 Day Return

2.3%

TDY

1.3%

US Aerospace & Defense

1.3%

US Market


1 Year Return

46.9%

TDY

7.8%

US Aerospace & Defense

5.9%

US Market

Return vs Industry: TDY exceeded the US Aerospace & Defense industry which returned 7.8% over the past year.

Return vs Market: TDY exceeded the US Market which returned 5.9% over the past year.


Shareholder returns

TDYIndustryMarket
7 Day2.3%1.3%1.3%
30 Day3.1%-1.4%-1.9%
90 Day15.7%3.4%-1.8%
1 Year46.9%46.9%10.0%7.8%8.3%5.9%
3 Year211.8%211.8%61.8%53.0%45.6%36.2%
5 Year248.5%248.5%102.0%83.0%66.1%47.9%

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?

32.39x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: TDY ($324.59) is trading above our estimate of fair value ($244.4)

Significantly Undervalued: 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 (32.4x) compared to the Aerospace & Defense industry average (23.3x).

PE vs Market: TDY is poor value based on its PE Ratio (32.4x) compared to the US market (17.5x).


Price to Earnings Growth Ratio

Low PEG Ratio: TDY is poor value based on its PEG Ratio (3.5x)


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 (2.4x).


Next Steps

Future Growth

How is Teledyne Technologies forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

9.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TDY's forecast earnings growth (9.3% per year) is above the savings rate (2.7%).

Earnings vs Market: TDY's earnings (9.3% per year) are forecast to grow slower than the US market (14.4% per year).

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

Revenue vs Market: TDY's revenue (5.9% per year) is forecast to grow slower than the US market (7.3% per year).

High Growth Revenue: TDY's revenue (5.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: TDY's Return on Equity is forecast to be low in 3 years time (12.8%).


Next Steps

Past Performance

How has Teledyne Technologies performed over the past 5 years?

11.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: TDY's earnings have grown by 11.7% per year over the past 5 years.

Accelerating Growth: TDY's earnings growth over the past year (25.1%) exceeds its 5-year average (11.7% per year).

Earnings vs Industry: TDY earnings growth over the past year (25.1%) exceeded the Aerospace & Defense industry 12.2%.


Return on Equity

High ROE: TDY's Return on Equity (14.6%) is considered low.


Return on Assets

ROA vs Industry: TDY has a higher Return on Assets than the Aerospace & Defense industry average last year.


Return on Capital Employed

ROCE Improving: TDY has improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Teledyne Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: TDY's short term assets ($1.2B) exceeds its short term liabilities ($711.0M)

Long Term Liabilities: TDY's short term assets (1.2B) exceeds its long term liabilities (1.0B)


Debt to Equity History and Analysis

Debt Level: TDY's debt to equity ratio (32%) is considered satisfactory

Reducing Debt: TDY's debt to equity ratio has increased from 30.7% to 32% over the past 5 years.

Debt Coverage: TDY's debt is well covered by operating cash flow (54.4%).

Interest Coverage: TDY's interest payments on its debt are well covered by EBIT (20.8x 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 1.466460x debt).


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage1.8%forecastin3Years0%

Current dividend yield vs market & industry


Stability and Growth of Payments

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.

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

What is the CEO of Teledyne Technologies's salary, the management and board of directors tenure and is there insider trading?

4.9yrs

Average management tenure


CEO

Al Pichelli (67yo)

0.8yrs

Tenure

US$3,351,937

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 has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the US market.

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


Management Age and Tenure

4.9yrs

Average Tenure

58yo

Average Age

Experienced Management: TDY's management team is considered experienced (4.9 years average tenure).


Board Age and Tenure

13.5yrs

Average Tenure

74.5yo

Average Age

Experienced Board: TDY's board of directors are seasoned and experienced ( 13.5 years average tenure).


Insider Trading

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


Recent Insider Transactions

SellUS$888,32527 Jun 19
Cynthia Belak
EntityIndividual
Role
Controller
VP & Controller
Shares3,362
Max PriceUS$265.47
SellUS$1,829,52029 Jan 19
Robert Mehrabian
EntityIndividual
Role
Chairman of the Board
Executive Chairman
Shares8,316
Max PriceUS$220.00

Ownership Breakdown


Management Team

  • Robert Mehrabian (78yo)

    Executive Chairman

    • Tenure: 18.8yrs
    • Compensation: US$7.38m
  • Melanie Cibik (59yo)

    Senior VP

    • Tenure: 7.1yrs
    • Compensation: US$1.87m
  • Cynthia Belak (62yo)

    VP & Controller

    • Tenure: 4.4yrs
  • Al Pichelli (67yo)

    President & CEO

    • Tenure: 0.8yrs
    • Compensation: US$3.35m
  • Sue Main (60yo)

    Senior VP & CFO

    • Tenure: 6.9yrs
    • Compensation: US$2.17m
  • Jason VanWees (47yo)

    Executive Vice President of Strategy

    • Tenure: 6.3yrs
    • Compensation: US$1.20m
  • Stephen Blackwood (56yo)

    Senior VP of Strategic Sourcing

    • Tenure: 11.5yrs
  • Jason Connell (43yo)

    VP of Human Resources & Associate General Counsel

    • Tenure: 2.8yrs
  • Scott Hudson (57yo)

    VP & Chief Information Officer

    • Tenure: 5.3yrs
  • Sean OConnor (54yo)

    Chief Operating Officer & CFO of EEMI Group

    • Tenure: 1.1yrs

Board Members

  • Charles Crocker (80yo)

    Independent Director

    • Tenure: 18yrs
    • Compensation: US$257.50k
  • Kenneth Dahlberg (74yo)

    Independent Director

    • Tenure: 13.7yrs
    • Compensation: US$220.00k
  • Roxanne Austin (58yo)

    Independent Director

    • Tenure: 13yrs
    • Compensation: US$220.00k
  • Paul Miller (77yo)

    Independent Director

    • Tenure: 18.3yrs
    • Compensation: US$220.00k
  • Wes von Schack (75yo)

    Independent Director

    • Tenure: 13.3yrs
    • Compensation: US$220.00k
  • Michael Smith (76yo)

    Lead Director

    • Tenure: 0.8yrs
    • Compensation: US$232.50k
  • Robert Mehrabian (78yo)

    Executive Chairman

    • Tenure: 18.8yrs
    • Compensation: US$7.38m
  • Simon Lorne (73yo)

    Independent Director

    • Tenure: 15.3yrs
    • Compensation: US$240.00k
  • Bob Malone (67yo)

    Independent Director

    • Tenure: 4.3yrs
    • Compensation: US$220.00k
  • Jane Sherburne (68yo)

    Independent Director

    • Tenure: 5.2yrs
    • Compensation: US$220.00k

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$11.808b
  • Shares outstanding: 36.38m
  • Website: https://www.teledyne.com

Number of Employees


Location

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

Listings

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

Biography

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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 23:37
End of Day Share Price2019/10/14 00:00
Earnings2019/06/30
Annual Earnings2018/12/30


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.