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TDY

Teledyne Technologies NYSE:TDY Stock Report

Last Price

US$386.10

Market Cap

US$18.1b

7D

-3.7%

1Y

-5.0%

Updated

22 May, 2022

Data

Company Financials +
TDY fundamental analysis
Snowflake Score
Valuation1/6
Future Growth1/6
Past Performance4/6
Financial Health3/6
Dividends0/6

TDY Stock Overview

Teledyne Technologies Incorporated provides enabling technologies for industrial growth markets in the United States, Canada, the United Kingdom, Belgium, the Netherlands, and internationally.

Teledyne Technologies Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Teledyne Technologies
Historical stock prices
Current Share PriceUS$386.10
52 Week HighUS$493.97
52 Week LowUS$374.03
Beta1.1
1 Month Change-17.48%
3 Month Change-8.05%
1 Year Change-4.96%
3 Year Change61.05%
5 Year Change193.95%
Change since IPO4,476.00%

Recent News & Updates

May 20

Teledyne Technologies: Imagining Better Days

Teledyne Technologies has seen a very strong 2021, having digested the FLIR deal very well. I like the great performance, and long-term track record of Teledyne's business is a great deal. A recent pullback, while operating momentum appears strong, creates a compelling set-up here.

May 16
Should You Be Adding Teledyne Technologies (NYSE:TDY) To Your Watchlist Today?

Should You Be Adding Teledyne Technologies (NYSE:TDY) To Your Watchlist Today?

It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...

May 02
Estimating The Intrinsic Value Of Teledyne Technologies Incorporated (NYSE:TDY)

Estimating The Intrinsic Value Of Teledyne Technologies Incorporated (NYSE:TDY)

Today we will run through one way of estimating the intrinsic value of Teledyne Technologies Incorporated ( NYSE:TDY...

Shareholder Returns

TDYUS ElectronicUS Market
7D-3.7%-2.7%-2.7%
1Y-5.0%-15.4%-12.9%

Return vs Industry: TDY exceeded the US Electronic industry which returned -15.4% over the past year.

Return vs Market: TDY exceeded the US Market which returned -12.9% over the past year.

Price Volatility

Is TDY's price volatile compared to industry and market?
TDY volatility
TDY Average Weekly Movement4.2%
Electronic Industry Average Movement7.7%
Market Average Movement7.8%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market2.9%

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.

About the Company

FoundedEmployeesCEOWebsite
196014,500Robert Mehrabianhttps://www.teledyne.com

Teledyne Technologies Incorporated provides enabling technologies for industrial growth markets in the United States, Canada, the United Kingdom, Belgium, the Netherlands, and internationally. The company’s Instrumentation segment offers monitoring and control instruments for marine, environmental, industrial, and other applications, as well as electronic test and measurement equipment; and power and communications connectivity devices for distributed instrumentation systems and sensor networks. Its Digital Imaging segment provides visible spectrum sensors and digital cameras for industrial machine vision and automated quality control, as well as for medical, research, and scientific applications; and infrared and X-ray spectra for use in industrial, government, and medical applications, as well as micro electromechanical systems and semiconductors, including analog-to-digital and digital-to-analog converters.

Teledyne Technologies Fundamentals Summary

How do Teledyne Technologies's earnings and revenue compare to its market cap?
TDY fundamental statistics
Market CapUS$18.09b
Earnings (TTM)US$573.20m
Revenue (TTM)US$5.13b

31.6x

P/E Ratio

3.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TDY income statement (TTM)
RevenueUS$5.13b
Cost of RevenueUS$3.03b
Gross ProfitUS$2.10b
Other ExpensesUS$1.53b
EarningsUS$573.20m

Last Reported Earnings

Apr 03, 2022

Next Earnings Date

n/a

Earnings per share (EPS)12.24
Gross Margin40.92%
Net Profit Margin11.17%
Debt/Equity Ratio52.8%

How did TDY perform over the long term?

See historical performance and comparison

Valuation

Is Teledyne Technologies undervalued compared to its fair value and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


17.3%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: TDY ($386.1) is trading below our estimate of fair value ($466.86)

Significantly Below Fair Value: TDY is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: TDY is poor value based on its PE Ratio (31.6x) compared to the US Electronic industry average (16.4x).

PE vs Market: TDY is poor value based on its PE Ratio (31.6x) compared to the US market (15.2x).


Price to Earnings Growth Ratio

PEG Ratio: TDY is poor value based on its PEG Ratio (2.7x)


Price to Book Ratio

PB vs Industry: TDY is overvalued based on its PB Ratio (2.3x) compared to the US Electronic industry average (1.9x).


Future Growth

How is Teledyne Technologies forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


11.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TDY's forecast earnings growth (11.9% per year) is above the savings rate (1.9%).

Earnings vs Market: TDY's earnings (11.9% per year) are forecast to grow slower than the US market (12.5% per year).

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

Revenue vs Market: TDY's revenue (5% per year) is forecast to grow slower than the US market (7.8% per year).

High Growth Revenue: TDY's revenue (5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TDY's Return on Equity is forecast to be low in 3 years time (10.4%).


Past Performance

How has Teledyne Technologies performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


16.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: TDY has high quality earnings.

Growing Profit Margin: TDY's current net profit margins (11.2%) are lower than last year (13%).


Past Earnings Growth Analysis

Earnings Trend: TDY's earnings have grown by 16.2% per year over the past 5 years.

Accelerating Growth: TDY's earnings growth over the past year (41.8%) exceeds its 5-year average (16.2% per year).

Earnings vs Industry: TDY earnings growth over the past year (41.8%) exceeded the Electronic industry 34.4%.


Return on Equity

High ROE: TDY's Return on Equity (7.3%) is considered low.


Financial Health

How is Teledyne Technologies's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: TDY's short term assets ($2.3B) exceed its short term liabilities ($1.4B).

Long Term Liabilities: TDY's short term assets ($2.3B) do not cover its long term liabilities ($5.0B).


Debt to Equity History and Analysis

Debt Level: TDY's net debt to equity ratio (49.1%) is considered high.

Reducing Debt: TDY's debt to equity ratio has reduced from 81.1% to 52.8% over the past 5 years.

Debt Coverage: TDY's debt is not well covered by operating cash flow (11.7%).

Interest Coverage: TDY's interest payments on its debt are well covered by EBIT (15.9x coverage).


Balance Sheet


Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

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.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as TDY has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

8.0yrs

Average management tenure


CEO

Robert Mehrabian (80 yo)

0.58

Tenure

US$6,567,058

Compensation

Dr. Robert Mehrabian has been the President and Chief Executive Officer of Teledyne Technologies Incorporated since October 15, 2021. He has been an Executive Chairman at Teledyne FLIR, LLC since May 14, 2...


CEO Compensation Analysis

Compensation vs Market: Robert's total compensation ($USD6.57M) is below average for companies of similar size in the US market ($USD13.34M).

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


Leadership Team

Experienced Management: TDY's management team is seasoned and experienced (8 years average tenure).


Board Members

Experienced Board: TDY's board of directors are seasoned and experienced ( 15.8 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 been diluted in the past year, with total shares outstanding growing by 2%.


Top Shareholders

Company Information

Teledyne Technologies Incorporated's employee growth, exchange listings and data sources


Key Information

  • Name: Teledyne Technologies Incorporated
  • Ticker: TDY
  • Exchange: NYSE
  • Founded: 1960
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Implied Market Cap: US$18.086b
  • Shares outstanding: 46.84m
  • Website: https://www.teledyne.com

Number of Employees


Location

  • Teledyne Technologies Incorporated
  • 1049 Camino Dos Rios
  • Thousand Oaks
  • California
  • 91360-2362
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/22 00:00
End of Day Share Price2022/05/20 00:00
Earnings2022/04/03
Annual Earnings2022/01/02


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.