FLIR Systems
Market Cap
US$7.1b
Last Updated
2021/01/23 23:31 UTC
Data Sources
Company Financials +
Executive Summary
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. More Details
Rewards
Risk Analysis
Snowflake Analysis
Average dividend payer with adequate balance sheet.
Similar Companies
Share Price & News
How has FLIR Systems's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FLIR is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: FLIR's weekly volatility (7%) has been stable over the past year.
Market Performance
7 Day Return
1.2%
FLIR
1.3%
US Electronic
2.3%
US Market
1 Year Return
0.1%
FLIR
27.9%
US Electronic
23.8%
US Market
Return vs Industry: FLIR underperformed the US Electronic industry which returned 27.9% over the past year.
Return vs Market: FLIR underperformed the US Market which returned 23.7% over the past year.
Shareholder returns
| FLIR | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.2% | 1.3% | 2.3% |
| 30 Day | 22.0% | 7.4% | 4.8% |
| 90 Day | 50.3% | 23.6% | 14.5% |
| 1 Year | 1.8%0.1% | 31.1%27.9% | 26.6%23.8% |
| 3 Year | 7.4%3.0% | 42.4%36.4% | 45.0%35.4% |
| 5 Year | 100.1%85.9% | 168.6%151.3% | 126.2%101.0% |
Long-Term Price Volatility Vs. Market
How volatile is FLIR Systems's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 weeks ago | Simply Wall St
A Look At The Fair Value Of FLIR Systems, Inc. (NASDAQ:FLIR)1 month ago | Simply Wall St
FLIR Systems (NASDAQ:FLIR) Has A Pretty Healthy Balance Sheet1 month ago | Simply Wall St
Our Take On The Returns On Capital At FLIR Systems (NASDAQ:FLIR)Valuation
Is FLIR Systems undervalued compared to its fair value and its price relative to the market?
51.79x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: FLIR ($54.36) is trading above our estimate of fair value ($48.63)
Significantly Below Fair Value: FLIR is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: FLIR is poor value based on its PE Ratio (51.8x) compared to the US Electronic industry average (27.8x).
PE vs Market: FLIR is poor value based on its PE Ratio (51.8x) compared to the US market (21.3x).
Price to Earnings Growth Ratio
PEG Ratio: FLIR is poor value based on its PEG Ratio (2.3x)
Price to Book Ratio
PB vs Industry: FLIR is overvalued based on its PB Ratio (3.9x) compared to the US Electronic industry average (2.8x).
Next Steps
Future Growth
How is FLIR Systems forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
22.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FLIR's forecast earnings growth (22.3% per year) is above the savings rate (2%).
Earnings vs Market: FLIR's earnings (22.3% per year) are forecast to grow faster than the US market (21.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: FLIR's revenue (3.4% per year) is forecast to grow slower than the US market (10.6% per year).
High Growth Revenue: FLIR's revenue (3.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FLIR's Return on Equity is forecast to be low in 3 years time (15.2%).
Next Steps
Past Performance
How has FLIR Systems performed over the past 5 years?
-2.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FLIR has a large one-off loss of $81.8M impacting its September 30 2020 financial results.
Growing Profit Margin: FLIR's current net profit margins (7.4%) are lower than last year (14.5%).
Past Earnings Growth Analysis
Earnings Trend: FLIR's earnings have declined by 2.9% per year over the past 5 years.
Accelerating Growth: FLIR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FLIR had negative earnings growth (-48%) over the past year, making it difficult to compare to the Electronic industry average (-9.3%).
Return on Equity
High ROE: FLIR's Return on Equity (7.7%) is considered low.
Next Steps
Financial Health
How is FLIR Systems's financial position?
Financial Position Analysis
Short Term Liabilities: FLIR's short term assets ($1.2B) exceed its short term liabilities ($487.2M).
Long Term Liabilities: FLIR's short term assets ($1.2B) exceed its long term liabilities ($916.8M).
Debt to Equity History and Analysis
Debt Level: FLIR's debt to equity ratio (43.3%) is considered high.
Reducing Debt: FLIR's debt to equity ratio has increased from 22.3% to 43.3% over the past 5 years.
Debt Coverage: FLIR's debt is well covered by operating cash flow (37%).
Interest Coverage: FLIR's interest payments on its debt are well covered by EBIT (12.1x coverage).
Balance Sheet
Next Steps
Dividend
What is FLIR Systems's current dividend yield, its reliability and sustainability?
1.25%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FLIR's dividend (1.25%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.38%).
High Dividend: FLIR's dividend (1.25%) is low compared to the top 25% of dividend payers in the US market (3.85%).
Stability and Growth of Payments
Stable Dividend: FLIR's dividends per share have been stable in the past 10 years.
Growing Dividend: FLIR's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (64.8%), FLIR's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FLIR's dividends in 3 years are forecast to be well covered by earnings (30.2% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.5yrs
Average management tenure
CEO
Jim Cannon (49 yo)
3.58yrs
Tenure
US$5,860,241
Compensation
Mr. James J. Cannon, also known as Jim, has been the President and Chief Executive Officer of FLIR Systems, Inc. since June 19, 2017. Mr. Cannon served as President of Government and Defense Business Unit ...
CEO Compensation Analysis
Compensation vs Market: Jim's total compensation ($USD5.86M) is about average for companies of similar size in the US market ($USD6.22M).
Compensation vs Earnings: Jim's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.58yrs | US$5.86m | 0.060% $ 4.3m | |
| CFO & Executive VP | 3.17yrs | US$2.85m | 0.033% $ 2.3m | |
| Senior VP | 1.5yrs | US$2.71m | 0.0040% $ 282.3k | |
| VP, Corporate Controller & Principal Accounting Officer | 1.08yrs | no data | 0.00086% $ 61.3k | |
| Director of Corporate Development & IR | no data | no data | no data | |
| Senior VP & Chief Human Resources Officer | 0.75yr | no data | no data |
1.5yrs
Average Tenure
51yo
Average Age
Experienced Management: FLIR's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.58yrs | US$5.86m | 0.060% $ 4.3m | |
| Independent Director | 17.42yrs | US$249.96k | 0.033% $ 2.4m | |
| Independent Director | 6.83yrs | US$244.96k | 0.012% $ 833.4k | |
| Independent Director | 18.5yrs | US$254.96k | 0.083% $ 5.9m | |
| Chairman | 20.17yrs | US$334.96k | 0.57% $ 40.4m | |
| Independent Director | 21.17yrs | US$254.96k | 0.020% $ 1.4m | |
| Independent Director | 19.75yrs | US$264.96k | 0.021% $ 1.5m | |
| Independent Director | 11.67yrs | US$244.96k | 0.033% $ 2.4m | |
| Independent Director | 3.25yrs | US$244.96k | 0.0047% $ 332.9k | |
| Independent Director | 15.67yrs | US$254.96k | 0.013% $ 920.4k | |
| Independent Director | 6.83yrs | US$264.96k | 0.0082% $ 583.2k |
15.7yrs
Average Tenure
68yo
Average Age
Experienced Board: FLIR's board of directors are seasoned and experienced ( 15.7 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FLIR insiders have only sold shares 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
FLIR Systems, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: FLIR Systems, Inc.
- Ticker: FLIR
- Exchange: NasdaqGS
- Founded: 1978
- Industry: Electronic Equipment and Instruments
- Sector: Tech
- Market Cap: US$7.129b
- Shares outstanding: 131.14m
- Website: https://www.flir.com
Number of Employees
Location
- FLIR Systems, Inc.
- 27700 SW Parkway Avenue
- Wilsonville
- Oregon
- 97070
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FLIR | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Jun 1993 |
| FL4 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jun 1993 |
| 0IK2 | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Jun 1993 |
| F1LI34 | BOVESPA (Bolsa de Valores de Sao Paulo) | BDR EACH 1 REPR 1 COM | BR | BRL | Jan 2020 |
Biography
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 wo...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/23 23:31 |
| End of Day Share Price | 2021/01/22 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.