Hello my dears,
As already announced, I would like to present another company to you in a brief analysis.
The company is still on my watch list, but should soon find its way into my portfolio. After I suggested the share to @simpson Holding as a NEW investment a few weeks ago. Of course I don't want to withhold this company from you.
As usual with @simpson Holding, it is a quality company with growth. Which has already proven over several years that the moat holds.
But I don't want to keep you in suspense any longer. The company in question is Teledyne. $TDY (-2.04%)
Dear readers, who might already be familiar with the company, or who is invested, and what is your opinion?
During my research today, I realized that I have fallen a little bit in love with the company (you shouldn't fall in love with a company).
The reason could be that it is a very diversified company. Which is almost exclusively active in future-oriented sectors.
By the way, for all the critics and smart pigs who are always on the lookout for mistakes of any kind. I would like to say "It took me a lot of time today to write this short analysis. I'm doing this on a voluntary basis without earning any money. Because I just think this community is MEGA".
(without AI)
Introduction: I would like to start with the multiples.
Multiples: (USD in millions, source MarketScreener )
Market value 27,533
2025 2026 2027
KGV 32.6 28.8 25.7
Earnings per share 18 20.38 22.87
Turnover 6,067 6,389 6,719
EBITDA 1,490 1,620 1,731
Net result 852.5 965.6 1,081.0
Net debt 1,374.0 842.8 -333.1
CAPEX 111.5 117.9 125.4
Free cash flow 1,083 1,200 1,309
EBITDA MARGIN % 24.56% 25.35% 25.76%
EBIT MARGIN % 17.72% 19.13% 20.41%
ROE 9.82% 10.02% 10.05%
Number of shares 46,888 46,888 46,888
My dears, I think the estimates are very conservative. And as the chart shows, the estimates were exceeded in the last earnings.
I like the fact that important multiples can be increased, and thus the P/E ratio decreases.
But now to the really exciting part of the short analysis.
Company presentation:
Ladies and gentlemen, in order not to make the presentation too long for you, which might be too boring for some of you. I have simply included some informative graphics.
You may not know it, but Teledyne enables
many of the products and services you use every day.
Teledyne provides enabling technologies to capture, transmit and analyze information for industrial growth markets. These markets include aerospace and defense, factory automation, environmental monitoring of air and water quality, electronics design and development, oceanographic research, energy, medical imaging and pharmaceutical research.
About Teledyne:
Teledyne Technologies Incorporated provides enabling technologies for industrial growth markets that require advanced technology and high reliability. These markets include aerospace and defense, factory automation, environmental monitoring of air and water quality, electronics design and development, oceanographic research, deepwater oil and gas exploration and production, medical imaging and pharmaceutical research.
Our products include digital image sensors, cameras and systems in the visible, infrared and X-ray spectrum, monitoring and control instruments for marine and environmental applications, harsh environment connectivity, electronic test and measurement equipment, aircraft information management systems and subsystems for defense electronics and satellite communications. We also supply technical systems for defense, space, environmental and energy applications. We differentiate ourselves from many of our direct competitors with a customer and corporate sponsored applied research center that enhances our product development capabilities.
Our strategy continues to focus on growth in our core markets of instrumentation, digital imaging, aerospace and defense electronics and engineered systems. Our core markets are characterized by high barriers to entry and include specialized products and services that are unlikely to become commoditized. We intend to strengthen and expand our core businesses through targeted acquisitions and product development.
We aggressively pursue operational excellence to continuously improve our margins and earnings. At Teledyne, operational excellence includes the rapid integration of the businesses we acquire. By leveraging complementary technologies across our businesses and internal research and development, we strive to develop new products to grow our business and expand our addressable markets.
Teledyne's operations are located primarily in the United States, the United Kingdom, Canada and Western and Northern Europe.
However, as I have noticed over the last few weeks that you are particularly interested in certain areas. I would like to take a closer look at two sectors.
Aerospace & Defense Electronics
And
Aerospace & Defense Electronics
Teledyne Aerospace & Defense Electronics offers a comprehensive portfolio of advanced solutions that meet the most demanding requirements in the harshest environments. Our diverse product lines offer both customized and standard solutions to meet the current and future needs of critical applications in avionics, power, electronic warfare, missiles, radar and surveillance, aerospace, test and measurement, and satellite communications.
Teledyne Aerospace & Defense Electronics serves the defense, space and commercial markets worldwide, offering a comprehensive portfolio of advanced solutions that meet the most demanding requirements in the harshest environments. With custom and standard products, we offer a diverse portfolio to meet the current and future needs of critical avionics, power, electronic warfare, missile, radar, satcom, space, test and measurement applications.
Teledyne Aerospace & Defense Electronics is one of the four Geschäftssegmente von Teledyne Technologies Incorporated (NYSE:TDY). With over $5.6 billion in sales and approximately 15,000 employees worldwide, Teledyne's expertise and ability to provide the aerospace and defense industry with technologically advanced products and services has been proven.
Our aerospace electronics business provides advanced avionics systems for commercial air transport and military aircraft for data acquisition, communications, networking, data loading and wireless data transmission; portable data loaders; ground-based applications for data management and analysis; and aviation batteries.
Teledyne controls
Provides on-board avionics systems and ground-based applications that enable commercial and military aircraft operators to access, manage and utilize their data more efficiently.
Teledyne battery products
Provides high-performance valve-regulated lead-acid (VRLA) batteries and battery systems for general aviation and defense applications.
Perhaps a drone producer that few people have on their radar. And all this at an acceptable P/E ratio.
German Armed Forces award drone contract to Teledyne FLIR Defense
Teledyne FLIR Defense, part of Teledyne Technologies Incorporated, has been awarded a contract by the German army to supply its Black Hornet® 4 Personal Reconnaissance System to the German armed forces. This has now been announced by the company.
Teledyne FLIR is the supplier of Black Hornet 4 systems, parts and training under a two-year contract with the Federal Office of Bundeswehr Equipment, Information Technology and In-Service Support (BAAINBw). The contract award was brokered by Teledyne FLIR's regional partner, European Logistic Partners (ELP) GmbH of Wuppertal, Germany, as the BAAINBw contractor.
The Black Hornet 4 represents the next generation of lightweight nano drones capable of providing small combat units with enhanced covert situational awareness. The 12 megapixel day vision camera and high-resolution thermal imaging camera provide the operator with razor-sharp video and still images. Weighing just 70 grams, the Black Hornet 4 can fly for over 30 minutes and more than two kilometers and is said to operate in 25 knots of wind and rain.
A highly stealthy, advanced drone such as the Black Hornet 4 provides a distinct advantage for law enforcement agencies to carry out their most challenging missions, the statement added.
FLIR Defense has delivered more than 33,000 Black Hornet drones to military and security forces in over 45 countries. Black Hornet drones are used by the Ukrainian Armed Forces and have proven themselves in countless operations under difficult conditions.
The award-winning Black Hornet is designed and built by Teledyne FLIR Defense in Norway.
Bundeswehr vergibt Drohnen-Auftrag an Teledyne FLIR Defense
