Obermatt

Flags

Earnings warning

Teradyne

NSQ:TER · US8807701029
Semiconductors & Semiconductor EquipmentLarge

360

81
EV / EBIT19
Price / Owner Earnings30
Owner Earnings Yield52
Dividend Yield77
Price/Sales28
EV / Gross Profit42
Price/Book24
Return on Capital90
Cash Return on Capital86
Return on Equity80
EBIT Margin77
Gross Profitability95
Cash Conversion26
Accruals17
Owner Earnings Margin77
Sales growth84
Profit Growth82
Long-Term EPS Growth69
Owner Earnings Growth94
Reinvestment38
Price momentum89
Debt load85
Refinancing41
Debt Payback100
Liquidity86
Analyst ratings42
Opinion Changes50
Price Target Upside59
Market mood51
Value Creation20/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Teradyne generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryUSA
IndustrySemiconductors & Semiconductor Equipment
SizeLarge
TypePublic Company
ExchangeNASDAQGS
Founded1960
Employees3,787
ISINUS8807701029
Last UpdateApr 2, 2026
Themes
DefenseTechIndustrial AutomationProcess AutomationDetectors, Sensors and MemsConsumer ElectronicsIndustrial

Description

Teradyne, Inc. (Teradyne) is a major global provider of automated test equipment and robotics solutions. Teradyne's automated test systems are used to test semiconductors, wireless products, data storage, silicon photonics, and complex electronics s…

Analysis

Hope premium

Teradyne, Inc. is priced well ahead of what the underlying numbers justify, a pattern we describe as a hope premium. Worth noting: the cash the business generates has lagged behind what the income statement shows.

On valuation, the picture is expensive. The owner-earnings multiple stands at 78.4×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 25% a year, against analyst forecasts of 29%. The price, in other words, assumes less than the experts do.

Growth is solid; the safety picture is sturdy. The company scores 20/20 on our value-creation score: strong value creator.

Flags to be aware of: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
85
2023202420252026

All-time high

90

Mar 2026

All-time low

47

Jan 2024

Average rank

72

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
28
19
26
28
Price/Earnings
30
20
29
50
Price/Book
24
17
19
15
Dividend Yield
77
75
71
77
Value (overall)
56
34
15
29

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →