One-glance verdict
Overvalued
$63.70 our estimate vs market $82.61
Wall Street consensus: $90.29 (41.7% higher than our fair-value estimate)
30% above our estimate, beyond the bull case
Fundamentals snapshot
Techtronic Industries Company Limited
TTNDY · OQX · Industrials · Tools & Accessories
Current price
$82.61
52-week range
$53.51 - $94.60
Market cap
$30.16B
Balance sheet
Healthy
13.83x Strong cushion
Net cash $550.66M. Interest coverage shows how many times profit covers the interest bill.
What stands out
3 Rewards
2 Risks
3 rewards · 2 risks
- Reward Revenue grew 4.4% last year.
- Reward Returns 18.6% on equity, ahead of 50% of its peers.
- Risk Stock trades 15.0% above its 5-year average P/E.
- Risk Insider ownership is only 0.0% (peer median: 0.4%).
What this company does
Techtronic Industries Company Limited
Techtronic Industries makes power tools and floorcare products, owning popular brands like Milwaukee, Ryobi, and Hoover that you might see at a hardware store. Most of its money comes from selling these tools to both professionals and do-it-yourself enthusiasts. This means the company's success is closely tied to the health of the construction and home improvement markets.
How the company got here
Founded in Hong Kong in 1985 by Horst Julius Pudwill and Roy Chi Ping Chung, Techtronic Industries (TTI) started by making rechargeable battery packs for cordless tools. Initially, it operated as an original equipment manufacturer (a company that produces parts or products for another company to sell under its own brand), making tools for brands like Craftsman and Bissell. A major turning point was the decision to acquire and build its own portfolio of brands, starting with Vax floor care products in 1999. Key acquisitions like Ryobi in 2000 and Milwaukee in 2005 transformed the company into a global leader in power tools.
What it actually does
Techtronic Industries designs, makes, and sells a wide range of power tools, outdoor equipment, and floor care appliances that you might see at a hardware store or in a professional's toolbox. Many of its products are cordless, powered by advanced battery technology, which is a major focus for the company. It serves everyone from do-it-yourself (DIY) homeowners to professional construction workers and industrial clients. You would recognize their products under well-known brand names like Milwaukee for professional tools, Ryobi for consumer tools, and Hoover for vacuums.
Power Equipment
This is the company's largest and most important business, making up the vast majority of its sales. This segment creates and sells power tools, accessories, and outdoor equipment for both professional tradespeople and at-home DIY users. Professionals pay for high-performance, durable tools under the Milwaukee brand, while consumers and DIY enthusiasts buy products from brands like Ryobi and Homelite. This division is the main engine of the company's growth and profitability.
Floorcare & Cleaning
This part of the company focuses on vacuums and other cleaning appliances for homes and businesses. It owns several iconic brands that people would recognize, such as Hoover, Oreck, Vax, and Dirt Devil. Customers for this segment are everyday consumers buying a new vacuum cleaner, as well as commercial clients who need cleaning equipment. While a smaller piece of the overall company compared to power equipment, this segment gives TTI a strong presence in the home appliance market.
What management is betting on now
The company's main strategy is centered on cordless technology, aiming to replace traditional power sources like gasoline and electric cords across all its product lines. Management is heavily investing in innovation to create new and better battery-powered products for both its professional Milwaukee brand and its consumer-focused Ryobi brand. They are also focused on operational excellence (making their business run as efficiently as possible) and expanding their global reach, particularly in North America and Europe. A key part of their strategy is building strong brand loyalty, where a customer buys into a whole system of tools that all use the same interchangeable battery.
Price history
How the share price has moved
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Is it cheap or expensive?
Fair value $63.70 vs current price $82.61
Wall Street consensus is the average analyst price target: $90.29 (41.7% higher than our fair-value estimate).
Our most-likely fair value is $63.70 a share — about 22.9% below today's price of $82.61, so the stock currently looks expensive (overvalued).
Is it drowning in debt?
Healthy
Net cash $550.7M - more cash than debt. Interest coverage 13.8x.
Net debt
$-550.66M
Interest coverage
13.83x
Techtronic Industries Company Limited's profit covers its interest bill about 13.8 times over. which is stronger than most peers shown here.
Healthy
Worse cushion
Baseline
Better cushion
TTNDY
BASELINE
Techtronic Industries Company Limited
Total debt $1.57B Interest coverage 13.83x This is the baseline the peer rows are being compared against.
Total debt $5.21B Interest coverage 2.43x -82% vs TTNDY Carries about 5.7x less debt cushion than TTNDY.
Total debt $1.41B Interest coverage 4.09x -70% vs TTNDY Carries about 3.4x less debt cushion than TTNDY.
Total debt $9.69B Interest coverage 14.44x +4% vs TTNDY Has roughly the same debt cushion as TTNDY.
Total debt $15.38B Interest coverage 5.55x -60% vs TTNDY Carries about 2.5x less debt cushion than TTNDY.
Total debt $1.31B Interest coverage 26.29x +90% vs TTNDY Carries about 1.9x more debt cushion than TTNDY.
What you should know
The case for and against TTNDY
3 Rewards
2 Risks
Rewards
-
Revenue grew 4.4% last year.
-
Returns 18.6% on equity, ahead of 50% of its peers.
-
Free cash flow was positive in 4/10 years.
Risks
-
Stock trades 15.0% above its 5-year average P/E.
-
Insider ownership is only 0.0% (peer median: 0.4%).
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
23.14x
Forward P/E
18.16x
P/B
4.06x
P/S
1.92x
EV/EBITDA
17.24x
PEG ratio
1.35x
Profitability
How much profit each dollar creates
Gross margin
42.6%
Operating margin
9.8%
Net margin
8.3%
ROE
18.6%
ROA
6.5%
Health
Liquidity and balance-sheet strength
Debt / equity
0.21x
Current ratio
1.76x
Quick ratio
0.90x
Total debt
$1.57B
Total cash
$2.12B
Growth
How the business has been compounding
Revenue TTM
$15.72B
Revenue 5Y CAGR
4.8%
EPS TTM
3.57
EPS 5Y CAGR
3.7%
Cash flow
How much cash the business throws off
Operating CF TTM
$1.98B
Free CF TTM
$1.39B
FCF margin
8.8%
Dividend
Shareholder payout
Yield
2.2%
Payout ratio
46.0%
Last ex-div date
2026-09-02