Critical Review: Teledyne Technologies (TDY) versus Coda Octopus Group (CODA)

Teledyne Technologies (NYSE:TDY) and Coda Octopus Group (NASDAQ:CODA) are both aerospace companies, but which is the better investment? We will contrast the two businesses based on the strength of their institutional ownership, profitability, earnings, valuation, risk, dividends and analyst recommendations.

Valuation and Earnings

This table compares Teledyne Technologies and Coda Octopus Group’s top-line revenue, earnings per share (EPS) and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
Teledyne Technologies $2.60 billion 2.83 $227.20 million $6.93 29.44
Coda Octopus Group $18.02 million 3.32 $3.33 million N/A N/A

Teledyne Technologies has higher revenue and earnings than Coda Octopus Group.

Insider & Institutional Ownership

84.9% of Teledyne Technologies shares are owned by institutional investors. Comparatively, 5.4% of Coda Octopus Group shares are owned by institutional investors. 3.7% of Teledyne Technologies shares are owned by insiders. Comparatively, 1.5% of Coda Octopus Group shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.

Profitability

This table compares Teledyne Technologies and Coda Octopus Group’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Teledyne Technologies 10.86% 14.74% 7.88%
Coda Octopus Group 9.91% 7.80% 5.66%

Analyst Recommendations

This is a breakdown of recent ratings and recommmendations for Teledyne Technologies and Coda Octopus Group, as provided by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Teledyne Technologies 0 1 1 0 2.50
Coda Octopus Group 0 0 0 0 N/A

Teledyne Technologies presently has a consensus target price of $231.00, indicating a potential upside of 13.22%. Given Teledyne Technologies’ higher possible upside, equities analysts plainly believe Teledyne Technologies is more favorable than Coda Octopus Group.

Risk & Volatility

Teledyne Technologies has a beta of 1.11, meaning that its stock price is 11% more volatile than the S&P 500. Comparatively, Coda Octopus Group has a beta of 1.88, meaning that its stock price is 88% more volatile than the S&P 500.

Summary

Teledyne Technologies beats Coda Octopus Group on 9 of the 12 factors compared between the two stocks.

Teledyne Technologies Company Profile

Teledyne Technologies Incorporated provides instrumentation, digital imaging, aerospace and defense electronics, and engineered systems in the United States, Canada, the United Kingdom, France, and internationally. The company's Instrumentation segment offers monitoring and control instruments for marine, environmental, industrial, and other applications, as well as electronic test and measurement equipment; and power and communications connectivity devices for distributed instrumentation systems and sensor networks deployed in mission critical and harsh environments. Its Digital Imaging segment provides image sensors and digital cameras for use in industrial, scientific, medical, and photogrammetry applications; and hardware and software for image processing and automatic data collection in industrial and medical applications, as well as manufacturing services for micro electro-mechanical systems. This segment also offers light detection and ranging systems; focal plane arrays, sensors, and subsystems; and image processing algorithms and infrared camera systems. The company's Aerospace and Defense Electronics segment provides electronic components and subsystems, as well as communications products, such as defense electronics; environment interconnects; data acquisition and communications equipment for aircraft; components and subsystems for wireless and satellite communications; and general aviation batteries. Its Engineered Systems segment offers systems engineering and integration, technology development, and manufacturing solutions for defense, space, environmental, and energy applications; and designs and manufactures hydrogen/oxygen gas generators, electrochemical energy systems, and small turbine engines. The company markets and sells its products and services through sales forces, third-party distributors, and commissioned sales representatives. Teledyne Technologies Incorporated was founded in 1960 and is headquartered in Thousand Oaks, California.

Coda Octopus Group Company Profile

Coda Octopus Group, Inc., together with its subsidiaries, develops and sells underwater technologies and equipment for imaging, mapping, defense, and survey applications in the United States, Europe, and Australia. The company operates through two segments, Marine Engineering Business and Marine Technology Business. It offers CodaOctopus GeoSurvey data acquisition and interpretation software; CodaOctopus GeoSurvey acquisition products, such as hardware and software solutions for field acquisition of sidescan sonar and sub-bottom profiler; and CodaOctopus GeoSurvey productivity suite of software that automates the tasks of analyzing, annotating, and mosaicing complex data sets. The company also provides CodaOctopus instruments for sidescan sonar and sub-bottom profilers; and motion sensing products, which include Octopus F180 and F170 products that bring accurate positioning and motion data into offshore conditions for marine survey applications. In addition, it offers 3D imaging products comprising Echoscope, a real-time 3D imaging sonar that provides 3D images of the underwater environment; Dimension, a 3D sonar for the remotely operated vehicle (ROV) market that provides real-time visualization for subsea vehicle applications; CodaOctopus underwater inspection system; Echoscope C500 for ROV and autonomous underwater vehicle based applications; and Echoscope XD for wider area of view. Further, the company provides engineering services to subsea and prime defense contractors; and rugged visual computers and small-form-factor PCs, rugged touch screen computers, rugged chassis/enclosures, subsea telemetry and data acquisition systems, rugged workstations, analog-to-digital converters, and rugged LCD displays. It markets its products under the CodaOctopus brand name. Coda Octopus Group, Inc. was founded in 1994 and is headquartered in Orlando, Florida. Coda Octopus Group, Inc. is a subsidiary of CCM Holdings LLC.

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