TakeoverPE & activists

TDYTELEDYNE TECHNOLOGIES INC

Search, Detection, Navigation, Guidance, Aeronautical Sys · $30.4B market cap · 15,800 employees

0.4×

Less likely than average to be taken private

Top 39% of the Russell 3000 for a buyout by a private-equity firm, holdco or insiders. How it works

Takeover signals

What an activist or buyer would see: cheap, overpaid, diluted or under pressure.

2of 15 firedHow well they predict deals →
13 other checks
  • TSR below peersNo
    —
    3+ of last 5 years
  • High CEO pay despite TSRNo
    —
    Median CEO pay ≥ $15M while TSR trails
  • Earnings not backed by cashNo
    133% of net income
    Cash flow under 80% of net income
  • Dilutive SBCNo
    0% of revenue
    Over 10% of revenue
  • Payouts exceed cash flowNo
    34% of cash flow
    Buybacks + dividends over cash flow
  • Shareholder dissentNo
    96% lowest support
    Any vote under 80% support
  • Low revenue per employeeNo
    $387K · 50th pct
    Bottom quartile of its SIC industry
  • Quiet on AINo
    4.9 per 10K words · 82nd pct
    Bottom quartile of AI mentions in 10-Ks
  • Net cashNo
    0.0× EBITDA net debt
    More cash than debt, positive EBITDA
  • Buyout-sizedNo
    $30.4B market cap
    Market cap $500M–$5B
  • Recurring revenueNo
    2 of 10
    10-K business scored 7+ of 10 for recurring revenue
  • AI-rollup shapedNo
    1 of 10
    10-K business scored 5+ of 10 as an AI-rollup target
  • Active 13DNo
    0 filings
    Active-intent 13D in 18 months

Deal filings

FiledFormAcquirerPricePremium
Apr 12, 2021DEFM14ATeledyne Technologies Inc.$28.0039%

Key numbers

Revenue
$6.1BFY2021: $3.1BFY2022: $4.6BFY2023: $5.6BFY2024: $5.7BFY2025: $6.1B
7.9% YoY
Operating margin
18.8%FY2021: 15.6%FY2022: 13.5%FY2023: 18.4%FY2024: 17.4%FY2025: 18.8%
7.8% YoY
EBITDA
$1.5BFY2021: $596MFY2022: $996MFY2023: $1.4BFY2024: $1.3BFY2025: $1.5B
14% YoY
Net debt / EBITDA
0.0×
$50M net debt

Financials

MetricFY2021FY2022FY2023FY2024FY2025YoYTrend
Revenue$3.1B$4.6B$5.6B$5.7B$6.1B 7.9% FY2021: $3.1BFY2022: $4.6BFY2023: $5.6BFY2024: $5.7BFY2025: $6.1B
Operating income$480M$624M$1.0B$989M$1.1B 16% FY2021: $480MFY2022: $624MFY2023: $1.0BFY2024: $989MFY2025: $1.1B
Net income$402M$445M$886M$819M$895M 9.2% FY2021: $402MFY2022: $445MFY2023: $886MFY2024: $819MFY2025: $895M
Operating cash flow$619M$825M$836M$1.2B$1.2B 0.1% FY2021: $619MFY2022: $825MFY2023: $836MFY2024: $1.2BFY2025: $1.2B
Capex$71M$102M$115M$84M$117M 40% FY2021: $71MFY2022: $102MFY2023: $115MFY2024: $84MFY2025: $117M
Buybacks——$0$354M$403M 14% FY2023: $0FY2024: $354MFY2025: $403M

13D filers

None on file.

Insider trading

−$12Mnet selling by insiders, open market, last 12 months
Bought $0 · 0 tradesSold $12M · 11 trades

Pay vs performance

No pay-versus-performance disclosure yet.