FLIR Systems
FLIR Systems, Inc. designs, develops, markets, and distributes thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems, and threat-detection solutions worldwide. The last earnings update was 2 days ago. More info.
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FLIR Share Price and Events
7 Day Returns
1 Year Returns
FLIR Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| FLIR Systems (FLIR) | 4.1% | 11.3% | 10.9% | -4.3% | 72.2% | 48.5% |
| US Electronic | 0.5% | 9.2% | 20.6% | 14.4% | 68.7% | 70.9% |
| US Market | 0.9% | 4.6% | 10.9% | 9.6% | 39% | 47.2% |
1 Year Return vs Industry and Market
- FLIR underperformed the Electronic industry which returned 14.4% over the past year.
- FLIR underperformed the Market in United States of America which returned 9.6% over the past year.
Value
Is FLIR Systems undervalued based on future cash flows and its price relative to the stock market?
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
FLIR Systems
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 FLIR Systems.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 8 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 9.3% |
| 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% |
| Electronic Unlevered Beta | Simply Wall St/ S&P Global | 1.07 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.07 (1 + (1- 21%) (10.9%)) |
1.109 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.11 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.109 * 5.96%) |
9.34% |
Discounted Cash Flow Calculation for NasdaqGS:FLIR using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for FLIR Systems 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 (@ 9.34%) |
|
|---|---|---|---|
| 2019 | 351.69 | Analyst x3 | 321.65 |
| 2020 | 385.48 | Analyst x3 | 322.44 |
| 2021 | 391.00 | Analyst x1 | 299.12 |
| 2022 | 406.00 | Analyst x1 | 284.07 |
| 2023 | 420.03 | Est @ 3.46% | 268.78 |
| 2024 | 433.63 | Est @ 3.24% | 253.79 |
| 2025 | 447.01 | Est @ 3.09% | 239.27 |
| 2026 | 460.33 | Est @ 2.98% | 225.35 |
| 2027 | 473.69 | Est @ 2.9% | 212.09 |
| 2028 | 487.20 | Est @ 2.85% | 199.51 |
| Present value of next 10 years cash flows | $2,626.07 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $487.20 × (1 + 2.73%) ÷ (9.34% – 2.73%) |
$7,572.95 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $7,572.95 ÷ (1 + 9.34%)10 |
$3,101.06 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $2,626.07 + $3,101.06 |
$5,727.13 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $5,727.13 / 135.61 |
$42.23 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $42.23 |
| Current discount | Discount to share price of
$52.03
= -1 x ($52.03 - $42.23) / $42.23 |
-23.2% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of FLIR Systems 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 FLIR Systems's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
FLIR Systems'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 | $2.22 |
| NasdaqGS:FLIR Share Price ** | NasdaqGS (2019-04-25) in USD | $52.03 |
| United States of America Electronic Industry PE Ratio | Median Figure of 92 Publicly-Listed Electronic Companies | 21.87x |
| United States of America Market PE Ratio | Median Figure of 3,081 Publicly-Listed Companies | 18.28x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of FLIR Systems.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqGS:FLIR Share Price ÷ EPS (both in USD) = 52.03 ÷ 2.22 |
23.39x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- FLIR Systems is overvalued based on earnings compared to the US Electronic industry average.
- FLIR Systems is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
FLIR Systems's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 23.39x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts |
9%per year |
| United States of America Electronic Industry PEG Ratio | Median Figure of 58 Publicly-Listed Electronic Companies | 1.4x |
| United States of America Market PEG Ratio | Median Figure of 2,113 Publicly-Listed Companies | 1.57x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 23.39x ÷ 9% |
2.61x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- FLIR Systems is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
FLIR Systems's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $14.04 |
| NasdaqGS:FLIR Share Price * | NasdaqGS (2019-04-25) in USD | $52.03 |
| United States of America Electronic Industry PB Ratio | Median Figure of 144 Publicly-Listed Electronic Companies | 2.15x |
| United States of America Market PB Ratio | Median Figure of 5,185 Publicly-Listed Companies | 1.92x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqGS:FLIR Share Price ÷ Book Value per Share (both in USD) = 52.03 ÷ 14.04 |
3.71x |
* Primary Listing of FLIR Systems.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- FLIR Systems is overvalued based on assets compared to the US Electronic industry average.
Value checks
We assess FLIR Systems'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 Electronic 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 Electronic industry average (and greater than 0)? (1 check) FLIR Systems 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.
Future Performance
How is FLIR Systems expected to perform in the next 1 to 3 years based on estimates from 8 analysts?
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
- FLIR Systems's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- FLIR Systems's earnings growth is positive but not above the United States of America market average.
- FLIR Systems'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) |
|---|---|---|
| NasdaqGS:FLIR Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts | 9% |
| NasdaqGS:FLIR Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts | 4.8% |
| United States of America Electronic Industry Earnings Growth Rate | Market Cap Weighted Average | 15.7% |
| United States of America Electronic Industry Revenue Growth Rate | Market Cap Weighted Average | 5.6% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.5% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*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 (3 weeks ago) | See Below |
| Future Estimates | Average of up to 8 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2022-12-31 | 2,135 | 377 | 1 | |
| 2021-12-31 | 2,143 | 370 | 2 | |
| 2020-12-31 | 2,035 | 449 | 334 | 8 |
| 2019-12-31 | 1,927 | 411 | 291 | 8 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 1,781 | 386 | 305 |
| 2018-12-31 | 1,776 | 374 | 282 |
| 2018-09-30 | 1,822 | 375 | 134 |
| 2018-06-30 | 1,852 | 356 | 124 |
| 2018-03-31 | 1,833 | 276 | 104 |
| 2017-12-31 | 1,800 | 308 | 107 |
| 2017-09-30 | 1,780 | 306 | 219 |
| 2017-06-30 | 1,721 | 291 | 214 |
| 2017-03-31 | 1,690 | 349 | 208 |
| 2016-12-31 | 1,662 | 320 | 167 |
| 2016-09-30 | 1,625 | 301 | 175 |
| 2016-06-30 | 1,602 | 286 | 190 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 weeks ago) | See Below |
| Future Estimates | Average of up to 8 Analyst Estimates (S&P Global) | See Below |
All data from FLIR Systems Company Filings, last reported 3 weeks 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 |
|---|---|---|---|---|
| 2022-12-31 | ||||
| 2021-12-31 | ||||
| 2020-12-31 | 2.44 | 2.67 | 2.35 | 4.00 |
| 2019-12-31 | 2.10 | 2.28 | 2.01 | 4.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | 2.22 |
| 2018-12-31 | 2.05 |
| 2018-09-30 | 0.97 |
| 2018-06-30 | 0.90 |
| 2018-03-31 | 0.75 |
| 2017-12-31 | 0.78 |
| 2017-09-30 | 1.60 |
| 2017-06-30 | 1.57 |
| 2017-03-31 | 1.52 |
| 2016-12-31 | 1.22 |
| 2016-09-30 | 1.27 |
| 2016-06-30 | 1.37 |
*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.
- Unable to establish if FLIR Systems will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess FLIR Systems'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)
FLIR Systems 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.
Past Performance
How has FLIR Systems 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
- FLIR Systems's year on year earnings growth rate has been positive over the past 5 years.
- FLIR Systems's 1-year earnings growth exceeds its 5-year average (193.7% vs 1.4%)
- FLIR Systems's earnings growth has exceeded the US Electronic industry average in the past year (193.7% vs 62.1%).
Earnings and Revenue History
All data from FLIR Systems Company Filings, last reported 3 weeks 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 | 1,780.80 | 304.98 | 383.77 | 179.72 |
| 2018-12-31 | 1,775.69 | 282.43 | 386.87 | 176.28 |
| 2018-09-30 | 1,822.01 | 133.62 | 390.29 | 175.82 |
| 2018-06-30 | 1,851.82 | 124.00 | 391.70 | 176.70 |
| 2018-03-31 | 1,833.24 | 103.85 | 391.30 | 173.31 |
| 2017-12-31 | 1,800.43 | 107.22 | 373.87 | 170.74 |
| 2017-09-30 | 1,780.39 | 219.01 | 363.05 | 166.11 |
| 2017-06-30 | 1,720.90 | 214.12 | 346.81 | 157.08 |
| 2017-03-31 | 1,689.51 | 208.07 | 329.65 | 152.24 |
| 2016-12-31 | 1,662.17 | 166.63 | 322.44 | 147.54 |
| 2016-09-30 | 1,625.08 | 175.33 | 320.28 | 141.12 |
| 2016-06-30 | 1,601.78 | 189.77 | 317.85 | 138.48 |
| 2016-03-31 | 1,592.02 | 194.90 | 321.41 | 135.50 |
| 2015-12-31 | 1,557.07 | 241.69 | 313.54 | 132.89 |
| 2015-09-30 | 1,553.79 | 244.23 | 323.14 | 137.20 |
| 2015-06-30 | 1,547.22 | 224.02 | 325.18 | 140.02 |
| 2015-03-31 | 1,523.63 | 218.28 | 325.22 | 141.10 |
| 2014-12-31 | 1,530.65 | 200.26 | 332.00 | 142.75 |
| 2014-09-30 | 1,496.61 | 156.24 | 329.77 | 145.08 |
| 2014-06-30 | 1,479.38 | 149.87 | 329.84 | 144.04 |
| 2014-03-31 | 1,499.33 | 155.27 | 326.51 | 147.34 |
| 2013-12-31 | 1,496.37 | 177.02 | 322.74 | 147.70 |
| 2013-09-30 | 1,482.44 | 226.46 | 308.03 | 142.95 |
| 2013-06-30 | 1,456.53 | 235.92 | 301.18 | 139.56 |
| 2013-03-31 | 1,405.49 | 228.17 | 292.81 | 137.47 |
| 2012-12-31 | 1,405.36 | 225.36 | 292.50 | 137.35 |
| 2012-09-30 | 1,424.19 | 224.01 | 299.38 | 138.59 |
| 2012-06-30 | 1,463.28 | 232.46 | 311.16 | 144.19 |
*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.
- FLIR Systems has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- FLIR Systems used its assets more efficiently than the US Electronic industry average last year based on Return on Assets.
- FLIR Systems's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess FLIR Systems'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 Electronic 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)
FLIR Systems 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.
Health
How is FLIR Systems'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 FLIR Systems's finances.
The net worth of a company is the difference between its assets and liabilities.
- FLIR Systems is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- FLIR Systems's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Debt is covered by short term assets, assets are 1.5x 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 FLIR Systems Company Filings, last reported 3 weeks ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 1,902.70 | 769.34 | 284.36 |
| 2018-12-31 | 1,876.79 | 421.95 | 512.14 |
| 2018-09-30 | 1,941.22 | 421.63 | 557.64 |
| 2018-06-30 | 1,795.17 | 421.32 | 472.64 |
| 2018-03-31 | 1,786.22 | 421.00 | 414.54 |
| 2017-12-31 | 1,834.56 | 420.68 | 519.09 |
| 2017-09-30 | 1,889.52 | 420.37 | 436.96 |
| 2017-06-30 | 1,780.63 | 506.30 | 403.89 |
| 2017-03-31 | 1,719.57 | 509.74 | 397.64 |
| 2016-12-31 | 1,678.33 | 516.92 | 361.35 |
| 2016-09-30 | 1,653.41 | 517.01 | 677.69 |
| 2016-06-30 | 1,647.54 | 770.86 | 903.18 |
| 2016-03-31 | 1,668.03 | 355.41 | 510.61 |
| 2015-12-31 | 1,649.52 | 358.44 | 472.79 |
| 2015-09-30 | 1,624.86 | 362.68 | 525.38 |
| 2015-06-30 | 1,638.48 | 366.42 | 560.19 |
| 2015-03-31 | 1,585.82 | 370.15 | 547.78 |
| 2014-12-31 | 1,609.77 | 372.99 | 531.37 |
| 2014-09-30 | 1,621.73 | 377.52 | 565.37 |
| 2014-06-30 | 1,651.74 | 381.26 | 602.07 |
| 2014-03-31 | 1,644.03 | 384.89 | 584.10 |
| 2013-12-31 | 1,613.38 | 387.53 | 542.48 |
| 2013-09-30 | 1,606.51 | 392.16 | 492.20 |
| 2013-06-30 | 1,557.09 | 394.80 | 492.43 |
| 2013-03-31 | 1,524.63 | 248.43 | 246.01 |
| 2012-12-31 | 1,599.90 | 248.32 | 321.74 |
| 2012-09-30 | 1,602.42 | 248.21 | 424.49 |
| 2012-06-30 | 1,564.78 | 248.09 | 429.77 |
- FLIR Systems's level of debt (40.4%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (23.4% vs 40.4% today).
- Debt is well covered by operating cash flow (50.2%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 26.1x coverage).
Financial health checks
We assess FLIR Systems'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) FLIR Systems has a total score of 4/6, 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.
Dividends
What is FLIR Systems'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
FLIR Systems
shares you are expected to receive
$26
in your first year as a dividend.
Dividend Amount
- FLIR Systems's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.39%).
- FLIR Systems's dividend is below the markets top 25% of dividend payers in United States of America (3.61%).
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 8 Analyst Estimates (S&P Global) | See Below |
| United States of America Electronic Industry Average Dividend Yield | Market Cap Weighted Average of 38 Stocks | 1.5% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2008 Stocks | 2.4% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.6% |
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 |
|---|---|---|
| 2022-12-31 | 0.91 | 1.00 |
| 2021-12-31 | 0.82 | 2.00 |
| 2020-12-31 | 0.74 | 4.00 |
| 2019-12-31 | 0.68 | 4.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-04-24 | 0.680 | 1.290 |
| 2019-02-28 | 0.680 | 1.378 |
| 2019-02-13 | 0.680 | 1.305 |
| 2018-10-30 | 0.640 | 1.404 |
| 2018-07-27 | 0.640 | 1.077 |
| 2018-07-25 | 0.640 | 1.086 |
| 2018-05-04 | 0.640 | 1.187 |
| 2018-04-25 | 0.640 | 1.195 |
| 2018-02-23 | 0.640 | 1.266 |
| 2018-02-14 | 0.640 | 1.313 |
| 2017-10-27 | 0.600 | 1.249 |
| 2017-10-25 | 0.600 | 1.273 |
| 2017-04-26 | 0.600 | 1.580 |
| 2017-02-21 | 0.600 | 1.656 |
| 2017-02-14 | 0.600 | 1.660 |
| 2016-07-27 | 0.480 | 1.451 |
| 2016-04-26 | 0.480 | 1.545 |
| 2016-02-26 | 0.480 | 1.477 |
| 2016-02-11 | 0.480 | 1.573 |
| 2015-07-24 | 0.440 | 1.524 |
| 2015-02-11 | 0.440 | 1.409 |
| 2015-02-06 | 0.440 | 1.318 |
| 2014-10-24 | 0.400 | 1.254 |
| 2014-04-25 | 0.400 | 1.199 |
| 2014-02-07 | 0.400 | 1.167 |
| 2013-10-24 | 0.360 | 1.197 |
| 2013-04-26 | 0.360 | 1.266 |
| 2013-02-07 | 0.360 | 1.397 |
| 2012-10-25 | 0.280 | 1.310 |
| 2012-07-26 | 0.280 | 1.381 |
| 2012-04-27 | 0.280 | 1.376 |
| 2012-02-10 | 0.280 | 1.117 |
| 2011-10-20 | 0.240 | 0.928 |
| 2011-07-22 | 0.240 | 0.940 |
| 2011-04-29 | 0.240 | 0.714 |
| 2011-02-09 | 0.240 | 0.727 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Whilst dividend payments have been stable, FLIR Systems has been paying a dividend for less than 10 years.
- Dividend payments have increased, but FLIR Systems only paid a dividend in the past 8 years.
Income/ dividend checks
We assess FLIR Systems'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 FLIR Systems afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) FLIR Systems has a total score of 2/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | $7,959,846 |
| AGE | 47 |
| TENURE AS CEO | 1.8 years |
CEO Bio
Mr. James J. Cannon, also known as Jim, has been the President and Chief Executive Officer of FLIR Systems, Inc. since June 19, 2017. Mr. Cannon served as President of Government and Defense Business Unit at FLIR Systems, Inc. from August 30, 2017 to January 2018. He served as President of Stanley Security North Americas & Emerging Markets at Stanley Black & Decker, Inc. until June 2, 2017. Mr. Cannon serves as a Corporate Officer of Stanley Black & Decker, where he has held a variety of other global leadership roles over the past 16 years. He served as the Senior Vice President & Group Executive of Stanley Security North America & Emerging Markets at Stanley Black & Decker, Inc. since October 2014. , Mr. Cannon was President of Stanley Black & Decker, Inc.'s Industrial & Automotive Repair (IAR) business unit, first in North America and subsequently in Europe and Latin America, before then serving as President of Stanley Oil & Gas. He served as President of Stanley Oil & Gas at Stanley Black & Decker, Inc. since 2012 until 2014. He served as President of IAR Europe & LAG since 2011 until September 2012 and IAR North America since 2010. Mr. Cannon served in the U.S. Army for 10 years as an infantryman and armor officer in a wide variety of assignments around the world, including Operations Desert Shield and Desert Storm in Iraq. He served as President of IAS since 2009. He served as President and General Manager of Stanley Engineered Storage Solutions since 2007. He served as General Manager of Stanley-Vidmar Storage Technologies since 2005. He served in the US Army from 1989 until 1999 as an Infantryman and Armor Officer. Mr. Cannon has been a Director of FLIR Systems, Inc. since June 26, 2017. Mr. Cannon has been a Non-Executive Director of Lydall, Inc. since April 28, 2017. Mr. Cannon graduated from the University of Tennessee, Chattanooga with a BS in Business Administration and Marketing.
CEO Compensation
- Jim's compensation has been consistent with company performance over the past year.
- Jim's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the FLIR Systems management team in years:
- The average tenure for the FLIR Systems management team is less than 2 years, this suggests a new team.
Management Team
Jim Cannon
President
$8M
47
1.8 yrs
Carol Lowe
CFO & Executive VP
$6M
52
1.4 yrs
Tony Buffum
Chief Human Resources Officer & Senior VP
$1M
36
0.5 yrs
Jeffrey Frank
Senior Vice President of Global Product Strategy
$1M
61
5.3 yrs
Brian Harding
Principal Accounting Officer
37
2.9 yrs
Jay Gentzkow
Director of Corporate Development & IR
Shane Harrison
Senior Vice President of Corporate Development & Strategy
$1M
41
4 yrs
Travis Merrill
President of the Commercial Business Unit
$2M
41
1.6 yrs
Frank Pennisi
President of the Industrial Business Unit
1.7 yrs
David Ray
President of the Government & Defense Business Unit
1.3 yrs
Board of Directors Tenure
Average tenure and age of the FLIR Systems board of directors in years:
- The average tenure for the FLIR Systems board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors
Earl Lewis
Chairman
$335K
73
18.4 yrs
Jim Cannon
President
$8M
47
1.8 yrs
Steve Wynne
Independent Director
$255K
66
19.4 yrs
Angus MacDonald
Independent Director
$265K
63
18 yrs
John Carter
Independent Director
$260K
72
15.7 yrs
Cathy Halligan
Independent Director
$255K
55
5.1 yrs
Michael Smith
Independent Director
$260K
75
16.8 yrs
William Crouch
Independent Director
$255K
76
13.9 yrs
John Wood
Independent Director
$245K
74
9.9 yrs
Cathy Stauffer
Independent Director
$245K
58
5.1 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 13. Mar 19 | Sell | Todd DuChene | Individual | 11. Mar 19 | 11. Mar 19 | -3,544 | $50.18 | $-177,838 | ||
| 07. Mar 19 | Sell | Todd DuChene | Individual | 06. Mar 19 | 06. Mar 19 | -7,566 | $50.61 | $-382,915 | ||
| 01. Mar 19 | Sell | Jeffrey Frank | Individual | 27. Feb 19 | 27. Feb 19 | -380 | $51.77 | $-19,673 | ||
| 26. Feb 19 | Sell | James Cannon | Individual | 25. Feb 19 | 25. Feb 19 | -18,139 | $52.64 | $-954,837 | ||
| 31. Aug 18 | Sell | Earl Lewis | Individual | 30. Aug 18 | 30. Aug 18 | -20,000 | $62.25 | $-1,245,000 | ||
| 20. Aug 18 | Sell | Earl Lewis | Individual | 16. Aug 18 | 17. Aug 18 | -25,000 | $60.25 | $-1,502,350 | ||
| 24. May 18 | Sell | Jeffrey Frank | Individual | 22. May 18 | 22. May 18 | -3,526 | $54.16 | $-190,968 | ||
Management checks
We assess FLIR Systems'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) FLIR Systems 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.
News
Simply Wall St News
Why FLIR Systems, Inc. (NASDAQ:FLIR) Is A Dividend Rockstar
(NASDAQ:FLIR) a good dividend stock? … On the other hand, investors have been known to buy a stock because of its yield, and then lose money if the company's dividend doesn't live up to expectations. … With a 1.4% yield and a eight-year payment history, investors probably think FLIR Systems looks like a reliable dividend stock.
Simply Wall St - – Full articleIs FLIR Systems, Inc.'s (NASDAQ:FLIR) ROE Of 15% Impressive?
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … One way to conceptualize this, is that for each $1 of shareholders' equity it has, the company made $0.15 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleIf You Had Bought FLIR Systems Shares Three Years Ago You'd Have Made 59%
(NASDAQ:FLIR) share price is up 59% in the last three years, clearly besting than the market return of around 41% (not including dividends). … FLIR Systems was able to grow its EPS at 5.7% per year over three years, sending the share price higher. … In comparison, the 17% per year gain in the share price outpaces the EPS growth.
Simply Wall St - – Full articleIs Now The Time To Look At Buying FLIR Systems, Inc. (NASDAQ:FLIR)?
As a mid-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … However, what if the stock is still a bargain … Let’s examine FLIR Systems’s valuation and outlook in more detail to determine if there’s still a bargain opportunity.
Simply Wall St - – Full articleWhat Does FLIR Systems, Inc.'s (NASDAQ:FLIR) P/E Ratio Tell You?
We'll look at FLIR Systems, Inc.'s (NASDAQ:FLIR) P/E ratio and reflect on what it tells us about the company's share price. … Based on the last twelve months, FLIR Systems's P/E ratio is 50.32. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleIs FLIR Systems, Inc. (NASDAQ:FLIR) A Financially Strong Company?
Mid-caps stocks, like FLIR Systems, Inc. … Don’t forget that this is a general and concentrated examination of FLIR Systems's financial health, so you should conduct further analysis. … View our latest analysis for FLIR Systems.
Simply Wall St - – Full articleHave Insiders Been Selling FLIR Systems, Inc. (NASDAQ:FLIR) Shares?
So we'll take a look at whether insiders have been buying or selling shares in FLIR Systems, Inc. … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … Over the last year we saw more insider selling of FLIR Systems shares, than buying
Simply Wall St - – Full articleHere’s why FLIR Systems, Inc.’s (NASDAQ:FLIR) Returns On Capital Matters So Much
Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Understanding Return On Capital Employed (ROCE). … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.
Simply Wall St - – Full articleA Look At The Fair Value Of FLIR Systems, Inc. (NASDAQ:FLIR)
Today, I will calculate the stock's intrinsic value. … by estimating the company's future cash flows and discounting them to their present value. … If you are reading this and its not December 2018 then I highly recommend you check out the latest calculation for FLIR Systems by following the link below
Simply Wall St - – Full articleShould FLIR Systems Inc (NASDAQ:FLIR) Focus On Improving This Fundamental Metric?
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … One way to conceptualize this, is that for each $1 of shareholders' equity it has, the company made $0.069 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleCompany Info
Description
FLIR Systems, Inc. designs, develops, markets, and distributes thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems, and threat-detection solutions worldwide. The company operates in three segments: Industrial Business Unit, Government and Defense Business Unit, and Commercial Business Unit. The Industrial Business Unit segment offers thermal and visible-spectrum imaging cores and components for parties that create thermal, industrial, and other types of imaging systems; and products, such as thermal imaging cameras, gas detection cameras, firefighting cameras, process automation cameras, and environmental test and measurement devices. The Government and Defense Business Unit segment offers airborne, land, maritime, man-portable multi-spectrum imaging systems, radars, lasers, imaging components, integrated multi-sensor system platforms, CBRNE detectors, and nano-class UAS solutions, as well as services related to these systems. The Commercial Business Unit segment provides thermal and visible-spectrum security cameras, digital and networked video recorders, and related software and accessories; networked marine electronic systems that include multi-function helm displays, navigational instruments, autopilots, radars, sonar systems, thermal and visible imaging systems; communications equipment for boats, traffic cameras, sensors and associated traffic management software; and thermal scopes and handheld thermal cameras. FLIR Systems, Inc. was founded in 1978 and is headquartered in Wilsonville, Oregon.
Details
| Name: | FLIR Systems, Inc. |
| FLIR | |
| Exchange: | NasdaqGS |
| Founded: | 1978 |
| $7,055,957,501 | |
| 135,613,252 | |
| Website: | http://www.flir.com |
| Address: |
FLIR Systems, Inc. 27700 South West Parkway Avenue, Wilsonville, Oregon, 97070, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NasdaqGS | FLIR | Common Stock | Nasdaq Global Select | US | USD | 22. Jun 1993 | |
| DB | FL4 | Common Stock | Deutsche Boerse AG | DE | EUR | 22. Jun 1993 | |
| LSE | 0IK2 | Common Stock | London Stock Exchange | GB | USD | 22. Jun 1993 |
Number of employees
Current staff
Industry
| Electronic Equipment and Instruments | |
| Tech |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/26 01:37 |
| End of day share price update: | 2019/04/25 00:00 |
| Last estimates confirmation: | 2019/04/25 |
| Last earnings filing: | 2019/04/24 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
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.
