Teledyne Technologies Inc Dossier
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SectorInformation Technology IndustryScientific & Technical Instruments Beta (adjusted)0.95 Intrinsic Value $573.47median of 6 methods · middle span $426-$642based on filings through 28 Jun 2026 Market Price $606.81Price as of 30 Sep 2026 Near fair valueIntrinsic value is 5% below the market price −50% · IV below pricenear fair value ±15%IV above price · +50% Data confidence Sign in to view data confidence Market Cap $28.1B Enterprise Value $29.8B Shares Outstanding 46.9M diluted Moat Rating None Next Earnings Date21 Oct 2026 All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference. ThesisStreet consensus, scenarios, merits, risks, and invalidation triggers Thesis Summary Teledyne entered the second half of 2026 with record quarterly orders, sales and operating profit, 9.8% year-over-year sales growth, 20.8% non-GAAP EPS growth, a 23.4% non-GAAP operating margin, approximately $5.0 billion of funded backlog and leverage reduced to 1.1 times. These indicators support a favorable operating outlook, particularly in digital imaging, space, defense and unmanned systems. The pending approximately $1.1 billion cash acquisition of Varex Imaging adds a complementary X-ray technology platform but introduces regulatory, closing, financing and integration uncertainty through early 2027. This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today. Street view · analyst 12-month targets Low · most bearish analyst$640.00 Mean target$757.25 High · most bullish analyst$877.00 Street targets sit above today's price; our intrinsic value sits below it. Different horizons, different questions. Our research · scenarios, merits, risks, and invalidation triggersResearch as of 2 Sep 2026 Scenarios · 12-month scenario targets Bear CaseDownside scenario $640.0017% Backlog declines from the second-quarter benchmark, fiscal-2026 earnings guidance is reduced, or regulatory and integration complications delay or impair the Varex transaction. Weaker demand in digital imaging or defense-related applications would amplify the downside because those markets were important contributors to recent growth. Base CaseCentral scenario $757.2558% Matches the consensus meanTeledyne delivers within its fiscal-2026 non-GAAP diluted EPS guidance of $24.45 to $24.65, converts backlog without material margin deterioration, and completes Varex in the company-stated early-2027 period. Bull CaseUpside scenario $877.0025% Record orders and the approximately $5.0 billion funded backlog convert into sustained growth, digital-imaging demand remains strong across space, airborne, marine and counter-unmanned applications, margins continue expanding, and Varex closes on schedule with its complementary X-ray portfolio strengthening Teledyne's healthcare and industrial-imaging position. Scenarios are anchored to street consensus at the research date, with our probabilities and rationale. Key Investment Merits
Key Investment Risks
All scenarios are estimates and subject to change. Past performance is not indicative of future results. Quality Pillars MembersThis section is available to registered members. Create a free account or sign in to unlock the full breakdown. Explore this dossierValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework. |