TEL (Update)

TE Connectivity Ltd - Registered Shares

TMT, Industrial/Transportation


Presented:07/25/2022
Price:$123.06
Cap:$39.65B
Current Price:$146.29
Cap:$44.46B

Presented

Date07/25/2022
Price$123.06
Market Cap$39.65B
Ent Value$41.84B
P/E Ratio16.26x
Book Value$32.04
Div Yield1.67%
Shares O/S322.17M
Ave Daily Vol1,591,938
Short IntN/A

Current

Price$146.29
Market Cap$44.46B
TE Connectivity Ltd. engages in the design and manufacture of connectivity and sensor 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.

Please note, this is an update to TE Connectivity Ltd (TEL) – Long, which was first presented on 01/14/2020.

Publicly traded companies mentioned herein: TE Connectivity Ltd (TEL)

Highlights

The presenter is long shares of TE Connectivity Ltd (TEL), a technology company that manufactures connectors and sensors for the automotive industry as well as aerospace & defense, medical, data communication and beyond. Because of the higher connector and sensor content in EVs, TEL has a huge secular tailwind as EV penetration ramps among OEMs. The company should also benefit from auto manufacturing recovering as content in ICE vehicles is growing due to the need for more connectors/sensors to power the greater levels of electronic equipment in new vehicles. The presenter applies a 16x multiple to his $10 of EPS to reach a price target of $160 by year-end, creating 33% upside from the current $120 share price.

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Idea Discussion

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