TE Connectivity plc

Wholesale-Electronic Parts & Equipment, Nec

TELMixed9 of 11 basics passed

$218.05

+1.75%

Market cap $63.1B

$218.05

+1.75%

Market cap $63.1B

TE Connectivity is the largest electrical connector supplier in the world, supplying interconnect and sensor solutions to the transportation, industrial, and communications markets.

It is a $63.1B technology company. Revenue grew 16.5% over the last year, it keeps 16¢ of every dollar of sales as profit, and its net debt equals ~1.3 years of free cash flow. It trades at 21.0× earnings — around the middle of its own history.

Website: te.com
Location: Galway
Employees: 93 000
Sector: Technology
Founded: 1941

Share price · 3 years

$124.33 → $218.05+75.4%

price only — dividends excluded

Key facts · TTM

Revenue: total sales; $19.3B
Profit: keeps 16¢ of every $1 sold; $3.02B
Free cash flow: cash left after running the business; $3.31B
Net debt: debt minus cash on hand; $4.44B
P/E: years of profit in the price; 21.0
EPS: earnings per share, TTM; $10.09
Dividend: pays out 28% of profit · 26% of FCF; 1.35%
Shares: down 19% since 2016 — buybacks; 299.0M
Volatility: beta vs the market — under 1 swings less; 1.17

Revenue, last 10 years

52-week range

Low $195.84$218.05High $249.00

Today's price is 42% of the way from the year's low to its high.

P/E vs its history5y

21.0×median 19.4×

Higher than 61% of past days — around the middle of its own history.

Valuation vs own history

P/E

21.0×

38%

P/S

3.3×

23%

EV/EBITDA

17.3×

67%

P/B

4.7×

20%

FCF yield

5.2%

53%

Share of the last ~5 years that was pricier than today (in line with its own history). Based on the daily valuation record.

Standing in Technology

Size$63.1Btop 27%
Revenue growth+2%top 79%
Net margin16%top 42%
Return on equity23%top 38%
P/E21.0×top 27%
Dividend yield1.35%top 39%

Ranked against 220 Technology companies with a full CV — for P/E, lower ranks higher.

Skills

Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.

Strong quality; Growth lags behind.

Valuation65

P/E vs own history61th pct · 5/25
FCF yield5.3% · 20/25
P/S3.3x · 20/25
EV/EBITDA14.0x · 20/25

Growth26

Revenue CAGR3.7% · 6/25
Net income CAGR-5.0% · 0/25
EPS CAGR ~5Yn/a · 0/25
Fwd implied growth27.2% · 20/25

Profitability72

ROIC10.8% · 12/25
ROE23.2% · 20/25
Net margin15.6% · 20/25
Operating margin19.7% · 20/25

Health55

Altman Zn/a · 0/25
Current ratio1.88 · 18/25
Interest coverage114.4x · 25/25
Net cash / debtD/A 18% · 12/25

Quality90

Piotroski F6/9 · 15/25
Beneish M-2.94 · 25/25
FCF conversion110% · 25/25
Margin stabilityσ 4.0% · 25/25

Moat63

ROIC >12% years8/10 yrs · 20/25
Median gross margin32.9% · 13/25
FCF-positive years10/10 yrs · 25/25
Worst-year net marginworst -2.0% · 5/25

How the scores work →

Experience

The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.

Feb 12, 2025Acquisition
TE Connectivity announced its intent to acquire Richards Manufacturing, a manufacturer of…
FY2024Financial
Best year on record
$3.19B net income
FY2016Financial
First recorded profitable year
$2.01B net income
FY2016Financial
Revenue already above $10B
$12.2B in first reported year
FY2016Financial
Positive free cash flow every year since
10-year streak
Mar 10, 2011Milestone
Tyco Electronics Ltd changed its name to TE Connectivity Ltd
2010Milestone
The company's Tyco Telecommunications division, which provided and installed submarine communications…
1999Acquisition
Tyco International acquired AMP Incorporated
1941Founded
Aircraft and Marine Products (AMP) was founded to make solderless electrical connections for quick and…

Achievements

Verifiable track record, straight from the reported numbers.

#61 largest of 220 Technology companies by market cap

$10 000 invested in 2021 would be worth ~$15 065 today — price return only

$17.3B revenue in FY2025

Revenue up 16.5% year over year

Profitable 5 years in a row

Positive free cash flow 10 years in a row

93 000 employees

Strengths & watch-outs

What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.

Strengths

Revenue growing 16.5% year over year
Strong cash conversion — FCF is 17.2% of revenue
Interest covered 114.4× by operating earnings

Watch-outs

Loss-making in 1 of the recent years

Qualifications

The basics a company should meet before you research it further. Each check uses the reported numbers.

9 of 11 checks passed

Revenue growing — the company sells more than a year ago+16.5% YoY
Profitable — makes more than it spends$3.02B TTM
Profit growing — earnings are higher than last year-6.2% YoY
Generates cash — cash left after running and investing$3.31B TTM
Debt under control — could handle its obligations~1.3y of cash flow to repay
Established company — not a micro-cap — lower blow-up risk$63.1B market cap
Not printing shares — share count not ballooning — you keep your slice-9.9% shares over ~5y
Proven track record — years of profitability behind it9/10 profitable years
Financially stable — balance sheet not near distresshealth score 43/100
Pays a dividend — returns cash to shareholdersyield 1.35%
Valuation not extreme — price not wildly above earningsP/E 21.0

Peer comparisonTE Connectivity plc vs 6 largest technology peers — cap, P/E, growth and margin side by sideOpen ▾

Company	Market cap	P/E	Revenue growth	Net margin	Profile
TEL this company	$63.1B	21.0	+16.5%	15.6%	Mixed
NVDA Nvidia Corp	$5.5T	28.6	+83.4%	63.7%	Mixed
AAPL Apple Inc.	$4.9T	38.1	+14.2%	27.6%	Strong
GOOGL Alphabet Inc.	$4.3T	17.6	+20.1%	54.8%	Mixed
MSFT Microsoft Corp	$4.0T	29.7	+17.8%	40.3%	Strong
SPCX Space Exploration Technologies Corp.	$2.1T	—	+33.2%	-34.0%	Strained
META Meta Platforms, Inc.	$1.8T	26.9	+27.7%	29.8%	Mixed

Head-to-head: TEL vs NVDA · TEL vs AAPL · TEL vs GOOGL

References

What covering analysts publish about the company — information only, not a recommendation.

Strong buy 7Buy 9Hold 9

Appendix · Financial records

The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.

Profit & lossRevenue $19.3B · net income $3.02B (TTM)Open ▾

Profit & loss

Revenue and profit over the company's career — the income statement, visualised.

How FY2025 revenue flows to profit

RevenueNet income

Revenue (TTM)

$19.3B

YoY 16.5%

Net income (TTM)

$3.02B

Margin 15.6%

Gross margin

36.1%

Operating margin

19.7%

P/E ratio

21.0

Dividend yield

1.35%

Income statement — full detail

Figures in USD billions · EPS in USD

	2020	2021	2022	2023	2024	2025
Revenue	12.2	14.9	16.3	16.0	15.8	17.3
Gross profit	3.7	4.9	5.2	5.1	5.5	6.1
Operating income (EBIT)	0.5	2.4	2.8	2.3	2.8	3.2
Net income	-0.2	2.3	2.4	1.9	3.2	1.8
EPS (diluted)	-0.73	6.79	7.47	6.03	10.33	6.16

Cash flowFree cash flow $3.31B · operating cash flow $4.42B (TTM)Open ▾

Cash flow statement

Cash generated by the business and what is left after investment — year by year.

Operating cash flowFree cash flow

Free cash flow (TTM)

$3.31B

Margin 17.2%

Operating cash flow (TTM)

$4.42B

FCF margin

17.2%

Cash flow statement — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Operating cash flow	2.0	2.7	2.5	3.1	3.5	4.1
Capital expenditure	-0.6	-0.7	-0.8	-0.7	-0.7	-0.9
Free cash flow	1.4	2.0	1.7	2.4	2.8	3.2
FCF margin	11.8%	13.3%	10.4%	15.0%	17.7%	18.6%

Balance sheetAssets $25.1B · net debt $4.44B (FY2025)Open ▾

Balance sheet

How the balance sheet is built — what it owns versus how it is financed.

How $25.1B of assets is financed

50%

Liabilities $12.4B — borrowed moneyEquity $12.6B — owners' stake

Cash vs debt

Total debt $5.69B − cash $1.25B = net debt $4.44B

Cash on hand covers 22% of debt.

Debt repayment

0.0 yrs

Years of free cash flow to clear net debt

Interest coverage

114.4x

EBIT ÷ interest expense

ROE

23.2%

Profit per $1 of equity

Balance sheet — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Cash & equivalents	0.9	1.2	1.1	1.7	1.3	1.3
Total assets	19.2	21.5	20.8	21.7	22.9	25.1
Total liabilities	9.7	10.7	9.9	10.1	10.4	12.4
Total debt	4.1	4.1	4.2	4.2	4.2	5.7
Equity	9.4	10.6	10.8	11.6	12.4	12.6
Net debt	3.2	2.9	3.1	2.5	2.9	4.4

Want the live picture — intraday moves, valuation history and full analysis?

Deeper analysis of TEL on PreMarketPrice

Figures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $218.05 · market cap $63.1B.