TE Connectivity plc (TEL)
Information Technology · Electronic Manufacturing Services · US stock · S&P 500 component
$208.42
▼ -5.67 (2.65%)
Fair valueFair
$222 +6.3% to fair value
$111fair band $189–$269$332
Day's range
$205.45 – $211.47
52-week range
$190.27 – $252.56
About TE Connectivity plc
TE Connectivity designs and makes connectors, sensors and other electronic components. They are used in cars, industrial equipment, aircraft, medical devices, data networks and household appliances. Revenue comes from selling these components to manufacturers that build them into their own products, so sales follow production trends in automotive, industrial and communications markets. The company operates manufacturing sites in many countries and is domiciled in Switzerland.
Trailing twelve-month revenue stands at $19.3 billion. Across three years, revenue grew 2.0% a year. It posts an operating margin of 19.7%, with return on invested capital of 17%. Leverage, measured as net debt to EBITDA, is 0.9 times. The dividend yield is 1.4%. Overall, the X-Ray Score comes to 54 out of 100. These figures describe past results as reported and are a factual snapshot, not a forecast. Some measures, such as margins for real estate trusts and banks, are defined differently from those of industrial firms, so comparisons should be made with care.
Price chart
52-wk range $190.27 – $252.56Volume 2,346,718Daily, split-adjusted
Vitals
Market cap$61.1B
52-week range$190.27 – $252.56
Volume (last day)2,346,718
P/E (TTM)20.5
EBIT / EV yield5.8%
Free-cash-flow yield5.4%
Dividend yield1.4%
Revenue (TTM)$19.3B
Net income (TTM)$3.0B
Operating margin19.7%
Return on capital17.3%
Debt incl. leases$5.6B
Cash & securities$1.2B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$222middle half of models $194 – $242
Fair
+6.3% to fair value
Average of the 15 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is Medium, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.
Price $208
Undervalued < $189Fair $189 – $269Overvalued > $269
P/E multiple
$209
P/B multiple
$193
P/S multiple
$235
EV/EBITDA multiple
$298
EV/EBIT multiple
$259
EV/revenue multiple
$235
10-year DCF, EBITDA exit
$244
5-year DCF, EBITDA exit
$246
10-year DCF, revenue exit
$239
5-year DCF, revenue exit
$239
10-year DCF, growth exit
$184
5-year DCF, growth exit
$175
Dividend discount, stable
$134
Dividend discount, multi-stage
$241
Earnings power value
$194
Growth the price implies
11.1%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.
What this means
Average business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Information Technology peers. Open a lens to see the numbers behind it.
Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data
Valuation
Strong
75/100
Cheap against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield5.8%
Free-cash-flow yield5.4%
Fair value vs price1.1×
Growth
Weak
34/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)2.0%
EPS growth (3y)-6.2%
Growth consistency80%
Profitability
Fair
55/100
Returns on capital are typical for its sector.
See the numbers →
Return on invested capital17.3%
Operating margin19.7%
Gross profitability26.8%
Financial health
Weak
46/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score5 / 9
Net debt / EBITDA0.9×
Interest cover31.3×
Dividends
Fair
59/100
Dividend is typical for its sector.
See the numbers →
Dividend yield1.4%
Dividends vs free cash flow26%
Dividend growth5.4%
Quarterly results: last 6 quarters
+4.4%
Mar '25
+13.9%
Jun '25
+16.7%
Sep '25
+21.7%
Dec '25
+14.5%
Mar '26
+13.8%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $5.2B, diluted EPS $2.55.
Compare with peers
JBL Jabil Inc43 FLEX Flex Ltd.41Other Electronic Manufacturing Services companies by X-Ray Score.
SWOT analysis: TE Connectivity plc
Strengthsinside the company
- Free cash flow equals 5.4% of the market value, which funds dividends, buybacks or debt paydown.
- Operating profit covers interest 31x, so debt costs are a small drag.
Weaknessesinside the company
- Earnings per share have declined 6.2% a year over three years.
Opportunitiesvaluation and setting
- Revenue growth picked up to 8.9% last year from 2.0% a year over three years.
- Dividends use only 26% of free cash flow, which leaves room to raise them.
- Trades at 20.2x earnings, 41% below the 34.1x median of sector peers.
- Our Market Compass rates the backdrop for Information Technology as favourable.
Threatsvaluation and setting
- No specific threat is flagged by our checks; general market and interest-rate risk still applies.
Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.
Compare TEL with peers and sector
Medians of 74 Information Technology peers and of 74 Information Technology stocks in our universe.
Largest peers (X-Ray Score): NVDA 67, AAPL 53, MSFT 61, AVGO 60, MU 79, AMD 48.
| Metric | TEL | Peers | Sector |
|---|---|---|---|
| X-Ray Score (out of 100) | 54 | 50 | 50 |
| Valuation | 75 | 50 | 50 |
| Growth | 34 | 54 | 54 |
| Profitability | 55 | 49 | 49 |
| Financial health | 46 | 50 | 50 |
| Dividends | 59 | 50 | 50 |
Sector leaders: highest X-Ray Score in Information Technology
TEL ranks #30 of 75 in Information Technology by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.
Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.
Factor ratings for TEL
Each factor is rated by where TEL stands among the 75 Information Technology stocks in our universe.
Rating against the sector
Goodthe top third of these stocks
Averagethe middle third of these stocks
Badthe bottom third of these stocks
"Beats" is the share of those stocks it is ahead of.
Against its own history
The last columns set today's figure against the company's own median of its last five financial years:
▲ Betterbetter than its usual level
▼ Worseworse than its usual level
≈ In linewithin its usual range
For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.
In total: 5 Good · 12 Average · 6 Bad of 23
Growth: 0 · 0 · 3
Profitability: 0 · 4 · 1
Financial strength: 0 · 3 · 1
Valuation: 5 · 0 · 0
Cash flow: 0 · 3 · 1
Efficiency: 0 · 2 · 0
| Factor | TEL | Rating | Sector median | Own 5-year median | Against own history |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth, 3 years a year | +2.0% | Bad beats 24% | +9.7% | – | – |
| Revenue growth, last year | +8.9% | Bad beats 33% | +13.7% | +8.9% | ≈ In line |
| EPS growth, 3 years a year | −6.2% | Bad beats 22% | +5.9% | – | – |
| Profitability | |||||
| Gross margin | 36.1% | Bad beats 11% | 57.8% | 32.7% | ▲ Better |
| Operating margin | 19.7% | Average beats 47% | 20.3% | 16.9% | ▲ Better |
| Net margin | 15.6% | Average beats 46% | 17.8% | 14.9% | ≈ In line |
| Return on invested capital | 17.3% | Average beats 44% | 19.4% | – | – |
| Return on equity | 22.8% | Average beats 52% | 21.0% | 21.3% | ≈ In line |
| Financial strength | |||||
| Net debt / EBITDA | 0.9x | Average beats 46% | 0.8x | 0.9x | ≈ In line |
| Interest cover | 31.3x | Average beats 55% | 23.0x | 41.7x | ▼ Worse |
| Current ratio | 1.88 | Average beats 59% | 1.57 | 1.57 | ▲ Better |
| Piotroski F-score | 5 / 9 | Bad beats 21% | 6 / 9 | – | – |
| Valuation | |||||
| P/E ratio | 20.2x | Good beats 74% | 33.6x | 20.5x | ≈ In line |
| Price / book | 4.6x | Good beats 79% | 8.3x | 3.8x | ▼ Worse |
| Price / sales | 3.2x | Good beats 82% | 6.9x | 2.9x | ≈ In line |
| EV / EBITDA | 13.6x | Good beats 83% | 24.7x | 13.7x | ≈ In line |
| Free cash flow yield | 5.4% | Good beats 78% | 3.4% | 4.9% | ≈ In line |
| Cash flow | |||||
| Free cash flow margin | 17.2% | Bad beats 26% | 22.3% | 15.0% | ▲ Better |
| Cash from operations / net income | 1.46 | Average beats 55% | 1.39 | 1.18 | ▲ Better |
| Free cash flow growth, 3 years a year | +23.5% | Average beats 65% | +15.4% | – | – |
| Accruals (lower is better) | −5.4% | Average beats 62% | −4.4% | – | – |
| Efficiency | |||||
| Inventory turnover | 4.1x | Average beats 59% | 3.9x | 4.1x | ≈ In line |
| Days sales outstanding | 71 days | Average beats 34% | 63 days | 70 days | ≈ In line |
These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings). A dash in the history columns means fewer than three usable years.
Fundamentals checklist
● 3 Good · ● 9 Average · ● 4 BadCash quality
Earnings backed by cashAverage
Free-cash-flow yieldGood
Risk models
Altman Z''Average
Piotroski F-ScoreBad
Growth
EPS growth (3y)Bad
Free-cash-flow growth (3y)Average
Revenue growth (3y)Bad
Growth consistencyBad
Balance sheet
Current ratioAverage
Net debt / EBITDAAverage
Interest coverAverage
Valuation
Fair value vs priceGood
EBIT / EV yieldGood
Profitability
Return on invested capitalAverage
Operating marginAverage
Gross profitabilityAverage
Each check is graded against the company's sector, not a fixed number. Checklist score 53/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $14.9B | $16.3B | $16.0B | $15.8B | $17.3B |
| Operating income | $2.4B | $2.8B | $2.3B | $2.8B | $3.2B |
| Net income | $2.3B | $2.4B | $1.9B | $3.2B | $1.8B |
| Operating cash flow | $2.7B | $2.5B | $3.1B | $3.5B | $4.1B |
| Operating margin | 16.3% | 16.9% | 14.4% | 17.6% | 18.6% |
| Free cash flow | $2.0B | $1.7B | $2.4B | $2.8B | $3.2B |
| Diluted EPS | $6.79 | $7.47 | $6.03 | $10.33 | $6.16 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bearish
5 bullish · 1 neutral · 10 bearish
Weekly
Neutral
6 bullish · 1 neutral · 5 bearish
Monthly
Bullish
5 bullish · 1 neutral · 2 bearish
Moving averages (daily)
| SMA 10 | 213.6 | Bearish |
| EMA 10 | 213.0 | Bearish |
| SMA 20 | 215.0 | Bearish |
| EMA 20 | 213.2 | Bearish |
| SMA 50 | 210.0 | Bearish |
| EMA 50 | 211.3 | Bearish |
| SMA 100 | 208.1 | Bullish |
| EMA 100 | 210.3 | Bearish |
| SMA 200 | 212.1 | Bearish |
| EMA 200 | 208.9 | Bearish |
Oscillators (daily)
| RSI (14) | 43.46 | Neutral |
| MACD (12, 26) | 0.36 | Bullish |
| Momentum (12) | -5.05 | Bearish |
| Stochastic %K (14) | 16.44 | Bullish |
| Williams %R (14) | -83.56 | Bullish |
| CCI (20) | -162.9 | Bullish |
Pivot points (classic, last session)
S3 199.4 | S2 202.4 | S1 205.4 | Pivot 208.4 | R1 211.4 | R2 214.5 | R3 217.5 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
2.98 USD
Yield on today's price
1.43%
Frequency
Quarterly
Next ex-dividend date
20 Nov 2026
| Ex-dividend date | Amount per share |
|---|---|
| (upcoming) | 0.7800 |
| 0.7800 | |
| 0.7800 | |
| 0.7100 | |
| 0.7100 | |
| 0.7100 | |
| 0.7100 | |
| 0.6500 | |
| 0.6500 | |
| 0.6500 | |
| 0.6500 | |
| 0.5900 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
ETFs that hold TEL
| ETF | Share of the fund |
|---|---|
| PWB Invesco Dynamic Large Cap Growth | 1.45% |
| RSPT Invesco S&P 500 Equal Weight Technolog... | 1.39% |
| TDIV First Trust NASDAQ Technology Dividend... | 1.18% |
| VOE Vanguard Mid-Cap Value | 1.02% |
| SPHB Invesco S&P 500 High Beta | 0.83% |
| CGDG Capital Group Dividend Growers | 0.77% |
| TRFK Pacer Data and Digital Revolution | 0.76% |
| DFLV Dimensional US Large Cap Value | 0.73% |
The eight funds with the largest weight in TEL among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.
TEL SEC filings
8-KSEC EDGAR
Director or officer change
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
8-KSEC EDGAR
Shareholder vote results
8-KSEC EDGAR
Entered a material agreement
8-KSEC EDGAR
Other events
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.