Financial PerformanceTE Connectivity Ltd. is trading below the trailing three-year average P/E multiple, indicating potential for multiple expansion if the company continues to expand margins and sustain high levels of free cash flow conversion.
Growth ProspectsTE Connectivity Ltd. is expected to benefit from increased content opportunities in PHEVs/BEVs and AI, with AI revenue contribution expected to double in FY25 to approximately $400M and eventually reach a $1B annual run-rate thereafter.
Market PositionTE Connectivity Ltd. is a leading supplier of connectors and sensors for transportation, industrial and communication end markets, with strong leverage to China electrification backing the company's automotive positioning.