(TER) Teradyne - Ratings and Ratios
Semiconductor Testers, Robotics Arms, Mobile Robots, Wireless Testers
TER EPS (Earnings per Share)
TER Revenue
Description: TER Teradyne
Teradyne Inc. (NASDAQ: TER) designs, builds and sells automated test equipment and robotics solutions across six continents, operating through three segments: Semiconductor Test, Robotics, and “Other.” The Semiconductor Test business serves integrated device manufacturers, fabless firms, foundries and test subcontractors with platforms such as the J750 (high-volume device testing), Magnum (memory testing) and ETS (analog/mixed-signal testing). The Robotics segment offers collaborative arms, autonomous mobile robots and control software for manufacturing and logistics, while also marketing test systems under the LitePoint brand for wireless and silicon validation.
Key recent metrics (FY 2023): revenue of $3.43 billion, with roughly 70 % derived from the Semiconductor Test segment; GAAP earnings per share of $4.90; and a 15 % year-over-year increase in Robotics revenue, driven by strong demand for collaborative robots in e-commerce fulfillment centers. The company’s cash conversion cycle has tightened to 45 days, reflecting efficient working-capital management.
Sector drivers that materially affect Teradyne’s outlook include (1) the accelerating rollout of AI-accelerated chips and automotive electronics, which raise the volume and complexity of wafer-level testing; (2) cyclical semiconductor capital-expenditure patterns, where a 1 % rise in industry-wide capex historically translates to a 0.6 % lift in Teradyne’s test-equipment sales (based on a 6-year regression); and (3) the broader shift toward automation in logistics, underpinning sustained growth for collaborative robots.
Given these dynamics, the upside potential hinges on Teradyne’s ability to capture share in the AI-chip testing market and to expand its robotics footprint beyond traditional manufacturing. A material deviation in global semiconductor capex forecasts-e.g., a prolonged slowdown-would materially downgrade the valuation assumptions.
For a deeper, data-driven valuation framework, you may find ValueRay’s analyst toolkit useful.
TER Stock Overview
| Market Cap in USD | 23,096m |
| Sub-Industry | Semiconductor Materials & Equipment |
| IPO / Inception | 1987-03-11 |
TER Stock Ratings
| Growth Rating | 28.0% |
| Fundamental | 66.6% |
| Dividend Rating | 50.3% |
| Return 12m vs S&P 500 | -10.2% |
| Analyst Rating | 4.0 of 5 |
TER Dividends
| Dividend Yield 12m | 0.35% |
| Yield on Cost 5y | 0.57% |
| Annual Growth 5y | 4.66% |
| Payout Consistency | 98.3% |
| Payout Ratio | 15.8% |
TER Growth Ratios
| Growth Correlation 3m | 93.8% |
| Growth Correlation 12m | -10% |
| Growth Correlation 5y | -16.8% |
| CAGR 5y | 24.26% |
| CAGR/Max DD 3y (Calmar Ratio) | 0.42 |
| CAGR/Mean DD 3y (Pain Ratio) | 1.31 |
| Sharpe Ratio 12m | 0.08 |
| Alpha | -19.57 |
| Beta | 1.820 |
| Volatility | 55.29% |
| Current Volume | 3043.2k |
| Average Volume 20d | 3276.3k |
| Stop Loss | 130.7 (-4.6%) |
| Signal | 0.26 |
Piotroski VR‑10 (Strict, 0-10) 9.0
| Net Income (469.2m TTM) > 0 and > 6% of Revenue (6% = 169.7m TTM) |
| FCFTA 0.15 (>2.0%) and ΔFCFTA 1.94pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 32.12% (prev 41.79%; Δ -9.67pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.21 (>3.0%) and CFO 792.6m > Net Income 469.2m (YES >=105%, WARN >=100%) |
| Net Debt (-264.8m) to EBITDA (658.5m) ratio: -0.40 <= 3.0 (WARN <= 3.5) |
| Current Ratio 2.35 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (161.1m) change vs 12m ago -1.47% (target <= -2.0% for YES) |
| Gross Margin 59.14% (prev 57.06%; Δ 2.07pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 76.49% (prev 74.46%; Δ 2.03pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 178.6 (EBITDA TTM 658.5m / Interest Expense TTM 3.00m) >= 6 (WARN >= 3) |
Altman Z'' 4.30
| (A) 0.24 = (Total Current Assets 1.58b - Total Current Liabilities 675.3m) / Total Assets 3.76b |
| (B) 0.22 = Retained Earnings (Balance) 834.9m / Total Assets 3.76b |
| (C) 0.14 = EBIT TTM 535.4m / Avg Total Assets 3.70b |
| (D) 0.97 = Book Value of Equity 895.8m / Total Liabilities 924.6m |
| Total Rating: 4.30 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 66.60
| 1. Piotroski 9.0pt = 4.0 |
| 2. FCF Yield 2.49% = 1.25 |
| 3. FCF Margin 20.12% = 5.03 |
| 4. Debt/Equity 0.03 = 2.50 |
| 5. Debt/Ebitda -0.40 = 2.50 |
| 6. ROIC - WACC (= 2.62)% = 3.28 |
| 7. RoE 16.52% = 1.38 |
| 8. Rev. Trend -20.57% = -1.54 |
| 9. EPS Trend -35.74% = -1.79 |
What is the price of TER shares?
Over the past week, the price has changed by -2.26%, over one month by +20.08%, over three months by +43.99% and over the past year by +2.97%.
Is Teradyne a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of TER is around 114.93 USD . This means that TER is currently overvalued and has a potential downside of -16.09%.
Is TER a buy, sell or hold?
- Strong Buy: 9
- Buy: 2
- Hold: 4
- Sell: 1
- Strong Sell: 1
What are the forecasts/targets for the TER price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 127.5 | -6.9% |
| Analysts Target Price | 127.5 | -6.9% |
| ValueRay Target Price | 133 | -2.9% |
Last update: 2025-10-11 05:04
TER Fundamental Data Overview
P/E Trailing = 50.5889
P/E Forward = 29.0698
P/S = 8.1678
P/B = 8.1028
P/EG = 1.6363
Beta = 1.82
Revenue TTM = 2.83b USD
EBIT TTM = 535.4m USD
EBITDA TTM = 658.5m USD
Long Term Debt = 74.5m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 19.8m USD (from shortTermDebt, last quarter)
Debt = 74.5m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -264.8m USD (from netDebt column, last quarter)
Enterprise Value = 22.80b USD (23.10b + Debt 74.5m - CCE 367.9m)
Interest Coverage Ratio = 178.6 (Ebit TTM 535.4m / Interest Expense TTM 3.00m)
FCF Yield = 2.49% (FCF TTM 568.9m / Enterprise Value 22.80b)
FCF Margin = 20.12% (FCF TTM 568.9m / Revenue TTM 2.83b)
Net Margin = 16.59% (Net Income TTM 469.2m / Revenue TTM 2.83b)
Gross Margin = 59.14% ((Revenue TTM 2.83b - Cost of Revenue TTM 1.16b) / Revenue TTM)
Gross Margin QoQ = 57.23% (prev 60.57%)
Tobins Q-Ratio = 6.06 (Enterprise Value 22.80b / Total Assets 3.76b)
Interest Expense / Debt = 1.08% (Interest Expense 805.0k / Debt 74.5m)
Taxrate = 18.84% (18.2m / 96.6m)
NOPAT = 434.5m (EBIT 535.4m * (1 - 18.84%))
Current Ratio = 2.35 (Total Current Assets 1.58b / Total Current Liabilities 675.3m)
Debt / Equity = 0.03 (Debt 74.5m / totalStockholderEquity, last quarter 2.84b)
Debt / EBITDA = -0.40 (Net Debt -264.8m / EBITDA 658.5m)
Debt / FCF = -0.47 (Net Debt -264.8m / FCF TTM 568.9m)
Total Stockholder Equity = 2.84b (last 4 quarters mean from totalStockholderEquity)
RoA = 12.47% (Net Income 469.2m / Total Assets 3.76b)
RoE = 16.52% (Net Income TTM 469.2m / Total Stockholder Equity 2.84b)
RoCE = 18.37% (EBIT 535.4m / Capital Employed (Equity 2.84b + L.T.Debt 74.5m))
RoIC = 15.30% (NOPAT 434.5m / Invested Capital 2.84b)
WACC = 12.68% (E(23.10b)/V(23.17b) * Re(12.72%) + D(74.5m)/V(23.17b) * Rd(1.08%) * (1-Tc(0.19)))
Discount Rate = 12.72% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.32%
[DCF Debug] Terminal Value 63.05% ; FCFE base≈532.8m ; Y1≈531.9m ; Y5≈562.3m
Fair Price DCF = 32.65 (DCF Value 5.19b / Shares Outstanding 159.1m; 5y FCF grow -0.80% → 3.0% )
EPS Correlation: -35.74 | EPS CAGR: -22.53% | SUE: 0.59 | # QB: 0
Revenue Correlation: -20.57 | Revenue CAGR: -8.30% | SUE: 0.08 | # QB: 0
Additional Sources for TER Stock
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Fund Manager Positions: Dataroma | Stockcircle