Te Connectivity Intrinsic Value – TE Connectivity Upgraded to Buy as EV Production Grows: Credit Suisse

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TE ($NYSE:TEL) Connectivity (TE) has recently been upgraded by Credit Suisse to a “Buy” rating due to the anticipated growth in electric vehicle production. TE is a Swiss-based technology company that specializes in providing connectivity and sensor solutions for a wide range of industries. It operates across a variety of markets, including automotive, aerospace, construction, and energy. TE has had a long history of success and is currently one of the leading providers of electronic components in the world. Credit Suisse believes that TE Connectivity is set to benefit from the expected growth in electric vehicle production over the coming years. The company has been investing heavily in research and development to create innovative solutions for the electric vehicle market, including battery connectors and power supplies.

TE Connectivity’s experience in the automotive industry, combined with their extensive portfolio of products, make them well suited to capitalize on the increasing demand for electric vehicles. TE Connectivity also has an impressive track record of success, with strong performance in the stock market over the past year. With the addition of Credit Suisse’s recent upgrade, TE Connectivity looks set to continue its growth as a premier provider of electronic components. With the rise in electric vehicle production, TE Connectivity is well placed to benefit from this trend and could see a strong future ahead.

Market Price

On Friday, Credit Suisse upgraded the stock of TE CONNECTIVITY to “Buy” as the production of electric vehicles (EVs) continues to grow. As a result, TE CONNECTIVITY stock opened at $124.4 and closed at $124.1, up by 0.8% from last closing price of 123.1. Credit Suisse believes that the company’s position as a market leader in the automotive industry will benefit from increased demand for EVs, making this an attractive investment opportunity. TE CONNECTIVITY’s portfolio of products includes solutions for both standard and customised automotive applications.

Additionally, their electrical and electronic equipment provides reliable connectivity and improves safety and efficiency across a range of vehicles including cars, commercial vehicles and two wheelers. All of these factors suggest that the company is well-positioned to benefit from the growth of EV production. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Te Connectivity. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Te Connectivity. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Te Connectivity. More…

Key Ratios Snapshot

Some of the financial key ratios for Te Connectivity are shown below. More…

Analysis – Te Connectivity Intrinsic Value

At GoodWhale, we have conducted a thorough analysis of TE CONNECTIVITY‘s financials. According to our proprietary Valuation Line, the intrinsic value of TE CONNECTIVITY share is around $144.6. This presents an attractive opportunity for investors to buy TE CONNECTIVITY shares at a discounted price. As such, we recommend buying TE CONNECTIVITY shares at the current market price. More…

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

TE Connectivity (TE) has been upgraded to a Buy rating by Credit Suisse, due to the increasing electric vehicle (EV) production trends. TE is a leader in providing connectivity and sensing solutions for the automotive industry, making it well-positioned to benefit from the rapid growth of EV production. Analysts at Credit Suisse anticipate further upside potential for TE, due to increased demand as more automakers begin to enter the EV space.

Additionally, TE has robust investment in R&D, which has resulted in a steady pipeline of new products and services that can be used in EVs. These investments have already enabled TE to secure several key contracts with major automakers, which is likely to further bolster its market position.