TEL

TE Connectivity Ltd - Registered Shares

TMT


Presented:01/14/2020
Price:$100.32
Cap:$33.55B
Current Price:$146.29
Cap:$44.46B

Presented

Date01/14/2020
Price$100.32
Market Cap$33.55B
Ent Value$34.37B
P/E Ratio17.67x
Book Value$31.54
Div Yield1.83%
Shares O/S334.48M
Ave Daily Vol1,355,361
Short IntN/A

Current

Price$146.29
Market Cap$44.46B
TE Connectivity Ltd. engages in the design and manufacture of connectivity and sensors solutions. It operates through the following segments: Transportation, Industrial, and Communications Solutions. The Transportation Solutions segment offers products that are used in the automotive, commercial transportation, and sensors markets. The Industrial Solutions segment provides products that connect and distribute power, data, and signal. The Communications Solutions segment supplies electronic components for the data and devices and appliances markets. The company was founded in 2000 and is headquartered in Schaffhausen, Switzerland.

Publicly traded companies mentioned herein: Amphenol Corporation (APH), TE Connectivity (TEL), The Boeing Company (BA)

Highlights

The presenter is long shares of TE Connectivity (TEL), the $30B manufacturer of connectivity solutions (e.g., terminals and connectors), noting that it has unappreciated earnings power based on secular growth in its automotive end market and an opportunity to capitalize on an increasingly connected world. TE has a ~$38B EV and shares currently trade at ~$100. Over the next year, the presenter expects TE’s P/E multiple to expand from 17x to 20x and the share price to appreciate 25%+. 

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Idea Discussion

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