TERADYNE INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 114.1 USD | +4.79% |
|
+18.92% | +5.17% |
| Apr. 26 | Baird Adjusts Price Target on Teradyne to $120 From $110 | MT |
| Apr. 26 | JPMorgan Adjusts Teradyne's Price Target to $120 From $110 | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 11,427 | 19,908 | 26,656 | 13,605 | 16,590 | 17,459 | - | - |
| Enterprise Value (EV) 1 | 10,911 | 18,882 | 25,398 | 12,761 | 15,771 | 16,969 | 16,690 | 16,388 |
| P/E ratio | 25.5 x | 28 x | 29.4 x | 20.7 x | 39.8 x | 38.8 x | 24.5 x | 19.4 x |
| Yield | 0.54% | 0.33% | 0.24% | 0.5% | 0.41% | 0.41% | 0.45% | 0.48% |
| Capitalization / Revenue | 4.98 x | 6.38 x | 7.2 x | 4.31 x | 6.2 x | 6.31 x | 5.14 x | 4.41 x |
| EV / Revenue | 4.75 x | 6.05 x | 6.86 x | 4.04 x | 5.89 x | 6.13 x | 4.92 x | 4.14 x |
| EV / EBITDA | 15.5 x | 17.6 x | 18.7 x | 13 x | 24 x | 24.6 x | 16.8 x | 13.7 x |
| EV / FCF | 24.6 x | 27.6 x | 26.3 x | 30.8 x | 37.1 x | 46 x | 28.7 x | 20.1 x |
| FCF Yield | 4.07% | 3.62% | 3.8% | 3.25% | 2.7% | 2.17% | 3.48% | 4.98% |
| Price to Book | 7.65 x | 9.02 x | 10.5 x | 5.55 x | 6.63 x | 7.5 x | 6.47 x | 5.25 x |
| Nbr of stocks (in thousands) | 167,578 | 166,056 | 163,004 | 155,756 | 152,879 | 152,974 | - | - |
| Reference price 2 | 68.19 | 119.9 | 163.5 | 87.35 | 108.5 | 114.1 | 114.1 | 114.1 |
| Announcement Date | 1/22/20 | 1/27/21 | 1/26/22 | 1/25/23 | 1/30/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,295 | 3,121 | 3,703 | 3,155 | 2,676 | 2,766 | 3,393 | 3,962 |
| EBITDA 1 | 703.1 | 1,074 | 1,357 | 979.1 | 658.2 | 690.6 | 994.3 | 1,199 |
| EBIT 1 | 582.4 | 947.2 | 1,232 | 868.4 | 547.3 | 556.3 | 857.1 | 1,104 |
| Operating Margin | 25.38% | 30.34% | 33.26% | 27.52% | 20.45% | 20.11% | 25.26% | 27.87% |
| Earnings before Tax (EBT) | 540.8 | 901 | 1,169 | 840.4 | 525.6 | - | 921.3 | 1,075 |
| Net income 1 | 479.2 | 784.1 | 1,021 | 715.5 | 448.8 | 483 | 744.8 | 940 |
| Net margin | 20.88% | 25.12% | 27.57% | 22.68% | 16.77% | 17.46% | 21.95% | 23.73% |
| EPS 2 | 2.670 | 4.280 | 5.560 | 4.220 | 2.730 | 2.939 | 4.663 | 5.868 |
| Free Cash Flow 1 | 444.1 | 684 | 965.9 | 414.7 | 425.6 | 368.8 | 580.9 | 815.5 |
| FCF margin | 19.35% | 21.91% | 26.08% | 13.14% | 15.9% | 13.33% | 17.12% | 20.58% |
| FCF Conversion (EBITDA) | 63.17% | 63.69% | 71.18% | 42.35% | 64.66% | 53.4% | 58.42% | 68.02% |
| FCF Conversion (Net income) | 92.68% | 87.22% | 94.62% | 57.96% | 94.84% | 76.36% | 77.99% | 86.76% |
| Dividend per Share 2 | 0.3700 | 0.4000 | 0.4000 | 0.4400 | 0.4400 | 0.4708 | 0.5167 | 0.5496 |
| Announcement Date | 1/22/20 | 1/27/21 | 1/26/22 | 1/25/23 | 1/30/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 950.5 | 885 | 755.4 | 840.8 | 827.1 | 731.8 | 617.5 | 684.4 | 703.7 | 670.6 | 599.8 | 702.3 | 713.7 | 756.1 | 756.6 |
| EBITDA 1 | 359.3 | 304.3 | 234.4 | 289.1 | 266.4 | 196.7 | 133.2 | 178.3 | 183.7 | 162.9 | 116.7 | 173.6 | 189.1 | 209.8 | 222 |
| EBIT 1 | 329 | 274.3 | 206.7 | 254.9 | 238 | 168.9 | 105.6 | 151.1 | 155.6 | 135 | 88.6 | 142 | 154.9 | 178.3 | 171.2 |
| Operating Margin | 34.61% | 30.99% | 27.36% | 30.32% | 28.78% | 23.08% | 17.1% | 22.08% | 22.11% | 20.13% | 14.77% | 20.22% | 21.7% | 23.59% | 22.63% |
| Earnings before Tax (EBT) 1 | 297.8 | 263.2 | 180.4 | 238.6 | 226.2 | 195.2 | 97.08 | 144.4 | 144.3 | 139.8 | 72.9 | 142.6 | 156.5 | 177.5 | 186.4 |
| Net income 1 | 256.7 | 230.3 | 161.9 | 197.8 | 183.5 | 172.3 | 83.53 | 120 | 128.1 | 117.1 | 64.2 | 138.7 | 129.4 | 149 | 148.3 |
| Net margin | 27.01% | 26.02% | 21.44% | 23.52% | 22.18% | 23.54% | 13.53% | 17.54% | 18.21% | 17.46% | 10.7% | 19.75% | 18.13% | 19.7% | 19.6% |
| EPS 2 | 1.410 | 1.290 | 0.9200 | 1.160 | 1.100 | 1.040 | 0.5000 | 0.7300 | 0.7800 | 0.7200 | 0.4000 | 0.8214 | 0.8129 | 0.9300 | 0.8900 |
| Dividend per Share 2 | 0.1000 | 0.1000 | 0.1100 | 0.1100 | 0.1100 | 0.1100 | 0.1100 | 0.1100 | 0.1100 | 0.1100 | 0.1200 | 0.1200 | 0.1200 | 0.1200 | 0.1350 |
| Announcement Date | 10/26/21 | 1/26/22 | 4/26/22 | 7/26/22 | 10/25/22 | 1/25/23 | 4/26/23 | 7/26/23 | 10/26/23 | 1/30/24 | 4/24/24 | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 517 | 1,026 | 1,258 | 844 | 820 | 490 | 769 | 1,071 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 444 | 684 | 966 | 415 | 426 | 369 | 581 | 816 |
| ROE (net income / shareholders' equity) | 31.8% | 42.5% | 42.8% | 28.5% | 18% | 19.6% | 27.4% | 29.1% |
| ROA (Net income/ Total Assets) | 17.4% | 24.4% | 27.4% | 19.6% | 12.8% | 13.6% | 19.4% | 20.8% |
| Assets 1 | 2,751 | 3,220 | 3,730 | 3,655 | 3,494 | 3,560 | 3,832 | 4,528 |
| Book Value Per Share 2 | 8.920 | 13.30 | 15.60 | 15.70 | 16.40 | 15.20 | 17.60 | 21.70 |
| Cash Flow per Share 2 | 3.230 | 4.750 | 5.980 | 3.400 | 3.560 | 2.730 | 5.060 | 7.290 |
| Capex 1 | 135 | 185 | 132 | 163 | 160 | 152 | 152 | 164 |
| Capex / Sales | 5.87% | 5.93% | 3.58% | 5.17% | 5.97% | 5.51% | 4.48% | 4.15% |
| Announcement Date | 1/22/20 | 1/27/21 | 1/26/22 | 1/25/23 | 1/30/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
19
Last Close Price
114.1
USD
Average target price
119.8
USD
Spread / Average Target
+5.00%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +5.17% | 17.46B | |
| +12.34% | 25.27B | |
| -8.31% | 19.53B | |
| -8.65% | 4.41B | |
| +12.49% | 3.58B | |
| -7.63% | 3.48B | |
| -22.90% | 2.53B | |
| -0.12% | 1.19B | |
| +4.73% | 1.13B | |
| +9.66% | 1.01B |
- Stock Market
- Equities
- TER Stock
- Financials Teradyne Inc.
