# TE Connectivity plc (TEL) — Stock CV

TE Connectivity plc 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.

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

## Identity

- **Ticker**: TEL
- **Sector**: Technology
- **Industry**: Wholesale-Electronic Parts & Equipment, Nec
- **Headquarters**: GALWAY
- **Employees**: 93 000
- **Website**: https://www.te.com
- **Market cap**: $63.1B
- **Last price**: $218.05
- **Financial profile**: Mixed

## Vitals (TTM)

- **Revenue**: $19.3B
- **Net income**: $3.02B
- **Free cash flow**: $3.31B
- **Net debt**: $4.44B
- **P/E**: 21.0
- **Revenue growth (YoY)**: 16.5%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 65 |
| Growth | 26 |
| Profitability | 72 |
| Health | 55 |
| Quality | 90 |
| Moat | 63 |

## Qualifications (beginner checklist) — 9 of 11 passed

- [x] Revenue growing — +16.5% YoY
- [x] Profitable — $3.02B TTM
- [ ] Profit growing — -6.2% YoY
- [x] Generates cash — $3.31B TTM
- [x] Debt under control — ~1.3y of cash flow to repay
- [x] Established company — $63.1B market cap
- [x] Not printing shares — -9.9% shares over ~5y
- [x] Proven track record — 9/10 profitable years
- [ ] Financially stable — health score 43/100
- [x] Pays a dividend — yield 1.35%
- [x] Valuation not extreme — P/E 21.0

## Experience (career milestones)

- **Feb 12, 2025** — TE Connectivity announced its intent to acquire Richards Manufacturing, a manufacturer of…
- **FY2024** — Best year on record: $3.19B net income
- **FY2016** — First recorded profitable year: $2.01B net income
- **FY2016** — Revenue already above $10B: $12.2B in first reported year
- **FY2016** — Positive free cash flow every year since: 10-year streak
- **Mar 10, 2011** — Tyco Electronics Ltd changed its name to TE Connectivity Ltd
- **2010** — The company's Tyco Telecommunications division, which provided and installed submarine communications…
- **1999** — Tyco International acquired AMP Incorporated
- **1941** — Aircraft and Marine Products (AMP) was founded to make solderless electrical connections for quick and…

## 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

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $14.9B | $2.26B | $1.99B |
| FY2022 | $16.3B | $2.43B | $1.70B |
| FY2023 | $16.0B | $1.91B | $2.40B |
| FY2024 | $15.8B | $3.19B | $2.80B |
| FY2025 | $17.3B | $1.84B | $3.20B |

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Source: https://stockcv.com/TEL — derived from company filings; may be delayed or incomplete. Information, not investment advice.