Teleflex Incorporated
Find Ratings ReportsTELEFLEX INC's gross profit margin for the fourth quarter of its fiscal year 2023 is essentially unchanged when compared to the same period a year ago. Even though sales increased, the net income has decreased, representing a decrease to the bottom line. TELEFLEX INC has average liquidity. Currently, the Quick Ratio is 1.10 which shows that technically this company has the ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year.
During the same period, stockholders' equity ("net worth") has increased by 10.41% from the same quarter last year. Together, the key liquidity measurements indicate that it is relatively unlikely that the company will face financial difficulties in the near future.
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Income Statement | Q4 FY23 | Q4 FY22 |
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Net Sales ($mil) | 777.11 | 760.6 |
EBITDA ($mil) | 213.21 | 226.25 |
EBIT ($mil) | 149.01 | 166.64 |
Net Income ($mil) | 31.11 | 78.59 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 222.85 | 292.03 |
Total Assets ($mil) | 7532.55 | 6928.06 |
Total Debt ($mil) | 1945.87 | 1851.42 |
Equity ($mil) | 4440.99 | 4021.97 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 64.2 | 64.7 |
EBITDA Margin | 27.43 | 29.74 |
Operating Margin | 19.17 | 21.91 |
Sales Turnover | 0.4 | 0.4 |
Return on Assets | 4.73 | 5.24 |
Return on Equity | 8.05 | 9.02 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 2.32 | 2.43 |
Debt/Capital | 0.3 | 0.32 |
Interest Expense | 25.79 | 19.05 |
Interest Coverage | 5.78 | 8.75 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 47.04 | 46.93 |
Div / share | 0.34 | 0.34 |
EPS | 0.66 | 1.65 |
Book value / share | 94.41 | 85.71 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 248995.0 | 301844.0 |
HOLD. The current P/E ratio indicates a significant discount compared to an average of 49.88 for the Miscellaneous Manufacturing subsector and a value on par with the S&P 500 average of 27.95. For additional comparison, its price-to-book ratio of 2.31 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 4.96. The price-to-sales ratio is well above the S&P 500 average, but well below the subsector average. Upon assessment of these and other key valuation criteria, TELEFLEX INC proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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TFX 28.90 | Peers 49.88 | TFX 20.10 | Peers 33.16 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. TFX is trading at a significant discount to its peers. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. TFX is trading at a significant discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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TFX 14.43 | Peers 24.07 | TFX 0.35 | Peers 0.91 | |||||||||||||||||||||
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations. TFX is trading at a significant discount to its peers. |
Discount. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. TFX trades at a significant discount to its peers. |
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Price/Book |
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Earnings Growth |
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TFX 2.31 | Peers 4.96 | TFX -1.57 | Peers 126.83 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. TFX is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, TFX is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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TFX 3.45 | Peers 6.41 | TFX 6.58 | Peers 8.91 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. TFX is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. TFX significantly trails its peers on the basis of sales growth. |
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