Teleflex (TFX)
NYSE:TFX
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Teleflex
(NYSE:TFX)
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Rating:57Neutral
Price Target:
$141.00
▲(7.16% Upside)
Action:Reiterated
Date:06/10/26
The score is held back primarily by weak recent profitability and revenue contraction despite solid gross margin and positive free cash flow. Technicals are supportive with the stock trading above key moving averages and neutral momentum readings. Management’s reiterated 2026 outlook and planned buyback/debt reduction are constructive, but near-term margin headwinds (tariffs, remediation/recall, stranded costs) and divestiture/integration execution risk keep the overall rating in the mid-range.
Positive Factors
Recurring consumables & diversified portfolio
Teleflex’s business is anchored in single-use medical devices across multiple high-acuity therapy areas. Recurring consumable demand tied to procedure volumes creates durable revenue streams and repeat purchasing, supporting revenue resilience and predictable installed-base driven cash flow over months to years.
Negative Factors
Sharp profitability deterioration
A sustained net loss and negative EBITDA materially weaken returns and reduce retained earnings, limiting reinvestment capacity and harming ROE. If below‑the‑line charges persist, management’s ability to fund growth from operations and execute on strategic initiatives without further balance sheet moves will be constrained.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring consumables & diversified portfolio
Teleflex’s business is anchored in single-use medical devices across multiple high-acuity therapy areas. Recurring consumable demand tied to procedure volumes creates durable revenue streams and repeat purchasing, supporting revenue resilience and predictable installed-base driven cash flow over months to years.
Read all positive factors
Teleflex Key Performance Indicators (KPIs)
Any
Revenue by Segment
Highlights income from different business units, showcasing which segments drive growth and profitability, and indicating strategic focus areas.
Highlights income from different business units, showcasing which segments drive growth and profitability, and indicating strategic focus areas.
Data provided by:
The Fly
The FlyTeleflex (TFX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$5.78B
Dividend Yield1.11%
Average Volume (3M)705.88K
Price to Earnings (P/E)―
Beta (1Y)0.55
Revenue Growth-6.61%
EPS Growth-812.37%
CountryUS
Employees14,100
SectorHealthcare
Sector Strength45
IndustryMedical - Instruments & Supplies
Share Statistics
EPS (TTM)-22.80
Shares Outstanding44,270,210
10 Day Avg. Volume582,262
30 Day Avg. Volume705,883
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)1.74
Price to Sales (P/S)2.73
P/FCF Ratio22.19
Enterprise Value/Market Cap0.96
Enterprise Value/Revenue1.98
Enterprise Value/Gross Profit3.71
Enterprise Value/Ebitda-62.81
Forecast
1Y Price Target
$147.00Price Target Upside11.72% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering9
EPS Forecast (FY)6.7
Revenue Forecast (FY)$2.29B
Teleflex Business Overview & Revenue Model
Company Description
Teleflex Incorporated is a global medical technology company dedicated to designing, developing, manufacturing, and distributing single-use medical devices. These products are crucial for diagnostic and therapeutic procedures, particularly within ...
How the Company Makes Money
Teleflex primarily makes money by selling disposable and single-use medical devices and related consumables to hospitals and healthcare providers. Revenue is generated from product sales across its major therapy and procedure areas (e.g., vascular...
Teleflex Earnings Call Summary
Earnings Call Date:May 07, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 30, 2026
Earnings Call Sentiment Neutral
Balanced call: management reported solid pro forma revenue growth, strategic progress on M&A, a large capital return plan and promising clinical trial enrollment, but results were tempered by significant margin pressure (470–510 bps declines), remediation and recall costs, stranded costs from planned separations, higher interest expense and temporary integration/disruption in Interventional. Management positioned many negatives as largely transient and highlighted expected improvement beginning in 2027.Positive Updates
Revenue Growth — Q1 2026
Total continuing operations revenue of $548.3 million in Q1 2026, up 32.3% year-over-year on a GAAP basis and up 5.1% on a pro forma adjusted constant currency basis.
Negative Updates
Margin Compression — Q1 2026
Adjusted gross margin declined by 470 basis points to 61.4% year-over-year and adjusted operating margin declined by 510 basis points to 18.1%, driven by tariffs, quality remediation charges, higher logistics/distribution costs and the lower-margin Vascular Intervention acquisition.
Read all updates
Q1-2026 Updates
Positive
Negative
Revenue Growth — Q1 2026
Total continuing operations revenue of $548.3 million in Q1 2026, up 32.3% year-over-year on a GAAP basis and up 5.1% on a pro forma adjusted constant currency basis.
Read all positive updates
Company Guidance
Teleflex reiterated 2026 continuing‑operations guidance calling for pro forma adjusted constant‑currency revenue growth of 4.5%–5.5%, adjusted EPS of $6.25–$6.55, and an adjusted operating margin of ~19% (which includes roughly $90M of stranded costs and assumes R&D at ~8% of sales); management estimates an underlying steady‑state adjusted operating margin of ~23% (≈400 bps higher) once TSA/MSA benefits and stranded‑cost mitigation occur. The company expects full‑year net interest expense of ~$105M, a tax rate of ~13.5%, an FX headwind of about $14M, and assumes no 2026 benefit from TSA/MSA fees or tariff refunds in the guidance; it also reiterated plans to receive ~ $1.8B of after‑tax proceeds from the divestitures (expected to close in H2 2026, OEM in Q3), to repurchase up to $1B of stock (opportunistically beginning in Q2), to repay ~$800M of debt, noted Q1 net leverage around 2.5x, and disclosed a multiyear restructuring targeting ~ $50M of annual pretax savings by mid‑2028; guidance excludes the acute care, interventional urology and OEM businesses.Teleflex Financial Statement Overview
Summary
Income Statement
32
Negative
Balance Sheet
58
Neutral
Cash Flow
67
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.81B | 1.99B | 3.05B | 2.97B | 2.79B | 2.81B |
| Gross Profit | 1.50B | 1.12B | 1.70B | 1.65B | 1.53B | 1.55B |
| EBITDA | -88.47M | 302.51M | 433.62M | 761.21M | 730.77M | 853.80M |
| Net Income | -1.01B | -905.64M | 69.67M | 356.33M | 363.14M | 485.37M |
Balance Sheet | ||||||
| Total Assets | 6.78B | 6.95B | 7.10B | 7.53B | 6.93B | 6.87B |
| Cash, Cash Equivalents and Short-Term Investments | 309.41M | 393.26M | 306.16M | 222.85M | 292.03M | 445.08M |
| Total Debt | 2.69B | 2.73B | 1.76B | 1.93B | 1.83B | 1.97B |
| Total Liabilities | 3.70B | 3.82B | 2.82B | 3.09B | 2.91B | 3.12B |
| Stockholders Equity | 3.08B | 3.12B | 4.28B | 4.44B | 4.02B | 3.75B |
Cash Flow | ||||||
| Free Cash Flow | 249.02M | 245.44M | 509.31M | 419.20M | 262.95M | 579.80M |
| Operating Cash Flow | 314.25M | 340.68M | 635.74M | 510.64M | 342.14M | 651.42M |
| Investing Cash Flow | -895.18M | -849.19M | -99.36M | -621.23M | -257.94M | 156.74M |
| Financing Cash Flow | 626.08M | 611.54M | -421.93M | 38.54M | -217.51M | -715.82M |
Teleflex Technical Analysis
Positive
131.58
Price Trends
128.25
Positive
118.88
Positive
119.62
Positive
Market Momentum
0.94
Positive
51.33
Neutral
50.88
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TFX, the sentiment is Positive. The current price of 131.58 is above the 20-day moving average (MA) of 130.70, above the 50-day MA of 128.25, and above the 200-day MA of 119.62, indicating a neutral trend. The MACD of 0.94 indicates Positive momentum. The RSI at 51.33 is Neutral, neither overbought nor oversold. The STOCH value of 50.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TFX.
Teleflex Risk Analysis
Teleflex disclosed 34 risk factors in its most recent earnings report. Teleflex reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Teleflex Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $2.10B | 33.60 | 16.19% | 0.95% | 13.27% | 36.99% | |
68 Neutral | $3.97B | 28.41 | 8.95% | ― | 11.34% | 12.26% | |
65 Neutral | $3.55B | 37.15 | 11.32% | ― | -1.97% | -38.95% | |
57 Neutral | $5.78B | -5.72 | -28.27% | 1.11% | -6.61% | -812.37% | |
57 Neutral | $3.55B | 75.99 | 2.19% | ― | -10.76% | ― | |
56 Neutral | $5.38B | -24.46 | -3.41% | ― | 7.85% | 39.85% | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% |
* Healthcare Sector Average
TFX
Teleflex
130.48
10.74
8.97%
HAE
Haemonetics
78.20
8.24
11.78%
ICUI
ICU Medical
142.20
8.96
6.72%
LMAT
Lemaitre Vascular
91.96
10.61
13.04%
MMSI
Merit Medical Systems
66.53
-27.24
-29.05%
BLCO
Bausch + Lomb Corporation
15.08
2.88
23.61%
Teleflex Corporate Events
Executive/Board Changes
Teleflex grants special RSU award to interim CEO
Positive
Jun 9, 2026
Teleflex’s independent directors approved on June 8, 2026 a special restricted stock unit award with a grant date fair value of $600,000 for Stuart A. Randle, recognizing his significant contributions as Interim President and Chief Executive...
Business Operations and StrategyPrivate Placements and Financing
Teleflex Prices $500 Million Senior Notes for Refinancing
Positive
Jun 2, 2026
On June 1, 2026, Teleflex announced it had priced a private offering of $500 million in 5.875% senior notes due 2032 at par, with closing expected around June 15, 2026, subject to customary conditions. The notes will be guaranteed by certain exist...
Private Placements and Financing
Teleflex Announces $500 Million Senior Notes Private Offering
Positive
Jun 1, 2026
On June 1, 2026, Teleflex Incorporated announced the launch of a private offering of $500 million in senior notes due 2032, with pricing terms such as the interest rate to be set at a later date. The notes will be guaranteed by certain existing an...
Business Operations and StrategyPrivate Placements and Financing
Teleflex Establishes New Multi-Bank Credit Agreement Facility
Positive
May 27, 2026
On May 26, 2026, Teleflex entered into a new multi-bank credit agreement that refinances its November 2022 facility and establishes a capital structure anchored by a $1.0 billion five-year revolving credit line, a $500 million term A-1 loan and a ...
Executive/Board ChangesShareholder Meetings
Teleflex Shareholders Endorse Directors, Pay and Auditor
Positive
May 20, 2026
Teleflex held its 2026 annual meeting of stockholders on May 15, 2026, at which shareholders voted on the election of seven directors to one-year terms, an advisory resolution on executive compensation and the ratification of PricewaterhouseCooper...
Business Operations and StrategyExecutive/Board ChangesStock BuybackFinancial DisclosuresM&A Transactions
Teleflex Posts Q1 Results, Maintains 2026 Outlook, Plans Buyback
Neutral
May 7, 2026
Teleflex reported first-quarter 2026 results on May 7, 2026, with revenue from continuing operations rising 32.3% year over year to $548.3 million, or 5.1% on a pro forma adjusted constant currency basis, while GAAP diluted EPS from continuing ope...
Business Operations and StrategyExecutive/Board ChangesStock Buyback
Teleflex Names Jason Weidman as New CEO
Positive
Apr 30, 2026
On April 30, 2026, Teleflex announced that Medtronic veteran Jason Weidman will become President and CEO effective June 8, 2026, succeeding interim chief Stuart Randle, who remains on the board. Weidman, a 25-year medical device industry leader wi...
Business Operations and StrategyStock BuybackM&A Transactions
Teleflex Reaffirms Strategy Amid Activist Pressure on Board
Positive
Mar 27, 2026
On March 27, 2026, Teleflex reiterated its commitment to shareholder value after activist Irenic Capital urged a public strategic alternatives process and claimed the board was blocking potential acquirers. The company rejected Irenic’s char...
Business Operations and StrategyM&A TransactionsRegulatory Filings and Compliance
Teleflex Clears Key Antitrust Hurdle for OEM Divestiture
Positive
Mar 17, 2026
Teleflex reported that, on December 9, 2025, it entered into an Equity Purchase Agreement to sell its Original Equipment Manufacturing and Development Services business to Lotus US Bidco Inc., an affiliate of Montagu Private Equity and Kohlberg C...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.