company background image
TDY

Teledyne TechnologiesNYSE:TDY Stock Report

Market Cap

US$19.4b

7D

-2.5%

1Y

5.9%

Updated

03 Dec, 2021

Data

Company Financials +
TDY fundamental analysis
Snowflake Score
Valuation1/6
Future Growth4/6
Past Performance1/6
Financial Health2/6
Dividends0/6

TDY Stock Overview

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

Teledyne Technologies Competitors

Keysight Technologies

NYSE:KEYS

US$35.2b

National Instruments

NasdaqGS:NATI

US$5.4b

Badger Meter

NYSE:BMI

US$3.0b

Itron

NasdaqGS:ITRI

US$2.8b

Price History & Performance

Summary of all time highs, changes and price drops for Teledyne Technologies
Historical stock prices
Current Share PriceUS$415.81
52 Week HighUS$465.40
52 Week LowUS$350.01
Beta1.12
1 Month Change-6.60%
3 Month Change-7.35%
1 Year Change5.86%
3 Year Change103.81%
5 Year Change226.38%
Change since IPO4,828.12%

Recent News & Updates

Nov 01
Is It Time To Consider Buying Teledyne Technologies Incorporated (NYSE:TDY)?

Is It Time To Consider Buying Teledyne Technologies Incorporated (NYSE:TDY)?

Let's talk about the popular Teledyne Technologies Incorporated ( NYSE:TDY ). The company's shares received a lot of...

Oct 15
Is Teledyne Technologies (NYSE:TDY) Using Too Much Debt?

Is Teledyne Technologies (NYSE:TDY) Using Too Much Debt?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Shareholder Returns

TDYUS ElectronicUS Market
7D-2.5%-2.8%-3.5%
1Y5.9%24.5%19.4%

Return vs Industry: TDY underperformed the US Electronic industry which returned 22% over the past year.

Return vs Market: TDY underperformed the US Market which returned 17.8% over the past year.

Price Volatility

Is TDY's price volatile compared to industry and market?
TDY volatility
TDY Average Weekly Movement2.6%
Electronic Industry Average Movement6.9%
Market Average Movement6.1%
10% most volatile stocks in US Market14.9%
10% least volatile stocks in US Market2.4%

Stable Share Price: TDY is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: TDY's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
196010,670Robert Mehrabianhttps://www.teledyne.com

Teledyne Technologies Incorporated provides instrumentation, digital imaging, aerospace and defense electronics, and engineered systems in the United States, the United Kingdom, Canada, Denmark, France, 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 deployed in mission critical and harsh environments. Its Digital Imaging segment provides image sensors and digital cameras for use in industrial, scientific, academic research, and medical applications; and hardware and software for image processing and automatic data collection in industrial, academic research, and medical applications, as well as manufacturing services for micro electro-mechanical systems.

Teledyne Technologies Fundamentals Summary

How do Teledyne Technologies's earnings and revenue compare to its market cap?
TDY fundamental statistics
Market CapUS$19.40b
Earnings (TTM)US$415.60m
Revenue (TTM)US$4.05b

46.7x

P/E Ratio

4.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TDY income statement (TTM)
RevenueUS$4.05b
Cost of RevenueUS$2.37b
Gross ProfitUS$1.68b
ExpensesUS$1.26b
EarningsUS$415.60m

Valuation

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

8.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TDY ($421.64) is trading below our estimate of fair value ($454.73)

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 (47.3x) compared to the US Electronic industry average (17.2x).

PE vs Market: TDY is poor value based on its PE Ratio (47.3x) compared to the US market (16.6x).


Price to Earnings Growth Ratio

PEG Ratio: TDY is poor value based on its PEG Ratio (1.5x)


Price to Book Ratio

PB vs Industry: TDY is overvalued based on its PB Ratio (2.7x) compared to the US Electronic industry average (2.5x).


Future Growth

How is Teledyne Technologies forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

32.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TDY's forecast earnings growth (32.4% per year) is above the savings rate (2%).

Earnings vs Market: TDY's earnings (32.4% per year) are forecast to grow faster than the US market (14.3% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: TDY's revenue (13.4% per year) is forecast to grow faster than the US market (10.1% per year).

High Growth Revenue: TDY's revenue (13.4% 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


Past Performance

How has Teledyne Technologies performed over the past 5 years?

16.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TDY has a large one-off loss of $225.6M impacting its October 3 2021 financial results.

Growing Profit Margin: TDY's current net profit margins (10.3%) are lower than last year (12.4%).


Past Earnings Growth Analysis

Earnings Trend: TDY's earnings have grown by 16.5% per year over the past 5 years.

Accelerating Growth: TDY's earnings growth over the past year (7.5%) is below its 5-year average (16.5% per year).

Earnings vs Industry: TDY earnings growth over the past year (7.5%) underperformed the Electronic industry 52.7%.


Return on Equity

High ROE: TDY's Return on Equity (5.6%) is considered low.


Financial Health

How is Teledyne Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: TDY's short term assets ($2.5B) exceed its short term liabilities ($1.4B).

Long Term Liabilities: TDY's short term assets ($2.5B) do not cover its long term liabilities ($5.6B).


Debt to Equity History and Analysis

Debt Level: TDY's net debt to equity ratio (52.5%) is considered high.

Reducing Debt: TDY's debt to equity ratio has increased from 39.2% to 59.9% over the past 5 years.

Debt Coverage: TDY's debt is not well covered by operating cash flow (17.2%).

Interest Coverage: TDY's interest payments on its debt are well covered by EBIT (19.1x coverage).


Balance Sheet


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.


Next Steps

Management

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

7.5yrs

Average management tenure


CEO

Robert Mehrabian (80 yo)

0.17

Tenure

US$6,975,794

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 ($USD6.98M) is below average for companies of similar size in the US market ($USD11.11M).

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 (7.5 years average tenure).


Board Members

Experienced Board: TDY's board of directors are considered experienced (7.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: TDY 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 26.5%.


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
  • Market Cap: US$19.400b
  • Shares outstanding: 46.66m
  • 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 Analysis2021/12/03 23:31
End of Day Share Price2021/12/03 00:00
Earnings2021/10/03
Annual Earnings2021/01/03


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.