TE CONNECTIVITY beats earnings expectations by $0.01

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Te Connectivity Intrinsic Value – TE CONNECTIVITY ($NYSE:TEL) is a technology company that provides connectivity and sensor solutions for a variety of industries. This is good news for the company and its shareholders. TE CONNECTIVITY is well-positioned to continue its growth in the coming year.

Earnings

TE CONNECTIVITY reported its earnings for the third quarter of its 2022 fiscal year, and the results beat expectations by $0.01. The company earned a total of $15.7 billion in revenue, and $2.5 billion in net income. Compared to the previous year, this represents a 5.4% increase in total revenue, and an 8.7% increase in net income. TE CONNECTIVITY has seen significant growth in recent years, with total revenue increasing from $12.2 billion to $15.7 billion in the last three years.

This growth is likely to continue, as the company’s products are in high demand and its position in the market is strong. The company is well-positioned to continue delivering strong results in the quarters to come.

Share Price

On Wednesday, TE CONNECTIVITY stock opened at $117.2 and closed at $113.6, dropping by 7.9% from the prior closing price of $123.4. Despite this, the company still managed to beat earnings expectations by $0.01. This can be attributed to their strong focus on connectivity and digitalization, which has allowed them to weather the current economic conditions relatively well.

VI Analysis – Te Connectivity Intrinsic Value Calculator

TE CONNECTIVITY is a company that designs and manufactures connectivity and sensor solutions for a variety of industries. The company’s fundamentals reflect its long term potential, and the VI app makes it easy to analyze these fundamentals. The fair value of TE CONNECTIVITY shares is around $134.9, calculated by VI Line. However, the stock is currently trading at $113.6, which represents a fair price undervaluation of 16%.

VI Peers

The company’s products are used in a variety of industries, including automotive, aerospace, telecommunications, industrial, and consumer electronics. TE Connectivity‘s main competitors are Amphenol Corp, Littelfuse Inc, Rexel SA, and other smaller companies. The company has a strong market position and offers a wide range of products.

However, its competitors are also well-established and offer similar products.

– Amphenol Corp ($NYSE:APH)

Amphenol Corp is a worldwide electronics manufacturer. They have a market cap of 43.95B as of 2022 and a Return on Equity of 23.34%. The company designs, manufactures, and markets electrical, electronic, and fiber optic connectors, interconnect systems, and coaxial and high-speed specialty cable.

– Littelfuse Inc ($NASDAQ:LFUS)

Littelfuse is a global manufacturer of circuit protection devices. Its products are used in a variety of industries, including automotive, consumer electronics, industrial, and telecommunications. The company has a market cap of 5.37B and a ROE of 13.41%.

– Rexel SA ($OTCPK:RXEEY)

As of 2022, Rexel SA has a market cap of 5.33B and a Return on Equity of 14.71%. The company is a leading distributor of electrical supplies and equipment. It operates in over 30 countries and serves a wide range of customers, from large corporates to small businesses. Rexel is committed to providing quality products and services, and to being a responsible corporate citizen.

Summary

If you’re looking for a reliable stock to invest in, TE Connectivity is a great choice. The company has a long history of consistent growth and profitability, and its products are essential for a wide range of industries. While the stock price may fluctuate in the short-term, over the long-term TE Connectivity is a safe bet for investors.