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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 8/10

vs
industry
vs
history
Cash to Debt 1.50
FLIR's Cash to Debt is ranked higher than
66% of the 2637 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.29 vs. FLIR: 1.50 )
FLIR' s 10-Year Cash to Debt Range
Min: 0.01   Max: No Debt
Current: 1.5

Equity to Asset 0.69
FLIR's Equity to Asset is ranked higher than
77% of the 2606 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 0.56 vs. FLIR: 0.69 )
FLIR' s 10-Year Equity to Asset Range
Min: 0.17   Max: 0.84
Current: 0.69

0.17
0.84
Interest Coverage 17.08
FLIR's Interest Coverage is ranked lower than
51% of the 1631 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 116.41 vs. FLIR: 17.08 )
FLIR' s 10-Year Interest Coverage Range
Min: 3.96   Max: 125.02
Current: 17.08

3.96
125.02
F-Score: 5
Z-Score: 6.11
M-Score: -2.68
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating margin (%) 14.01
FLIR's Operating margin (%) is ranked higher than
92% of the 2640 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 3.82 vs. FLIR: 14.01 )
FLIR' s 10-Year Operating margin (%) Range
Min: -19.99   Max: 30.95
Current: 14.01

-19.99
30.95
Net-margin (%) 10.44
FLIR's Net-margin (%) is ranked higher than
88% of the 2640 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 2.92 vs. FLIR: 10.44 )
FLIR' s 10-Year Net-margin (%) Range
Min: -33.33   Max: 20.07
Current: 10.44

-33.33
20.07
ROE (%) 9.60
FLIR's ROE (%) is ranked higher than
75% of the 2602 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 5.78 vs. FLIR: 9.60 )
FLIR' s 10-Year ROE (%) Range
Min: -58.5   Max: 38.74
Current: 9.6

-58.5
38.74
ROA (%) 6.62
FLIR's ROA (%) is ranked higher than
82% of the 2648 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 3.03 vs. FLIR: 6.62 )
FLIR' s 10-Year ROA (%) Range
Min: -27.53   Max: 19.84
Current: 6.62

-27.53
19.84
ROC (Joel Greenblatt) (%) 28.38
FLIR's ROC (Joel Greenblatt) (%) is ranked higher than
88% of the 2643 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 9.70 vs. FLIR: 28.38 )
FLIR' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -30.47   Max: 70.64
Current: 28.38

-30.47
70.64
Revenue Growth (%) 6.50
FLIR's Revenue Growth (%) is ranked higher than
76% of the 1951 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 2.10 vs. FLIR: 6.50 )
FLIR' s 10-Year Revenue Growth (%) Range
Min: 3.6   Max: 26.7
Current: 6.5

3.6
26.7
EBITDA Growth (%) -7.10
FLIR's EBITDA Growth (%) is ranked higher than
58% of the 1587 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.70 vs. FLIR: -7.10 )
FLIR' s 10-Year EBITDA Growth (%) Range
Min: -74.5   Max: 32.5
Current: -7.1

-74.5
32.5
EPS Growth (%) -7.50
FLIR's EPS Growth (%) is ranked higher than
62% of the 1419 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 0.90 vs. FLIR: -7.50 )
FLIR' s 10-Year EPS Growth (%) Range
Min: -30.7   Max: 88.2
Current: -7.5

-30.7
88.2
» FLIR's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q4 2013

FLIR Guru Trades in Q4 2013

Joel Greenblatt 506,462 sh (+64.23%)
Paul Tudor Jones 20,082 sh (+28.73%)
Wallace Weitz 2,601,235 sh (+4.53%)
Chuck Royce 2,332,050 sh (+3.65%)
First Pacific Advisors 3,300 sh (unchged)
Steven Cohen 74,386 sh (-6.28%)
John Hussman 650,000 sh (-13.33%)
Jim Simons 794,860 sh (-39.14%)
» More
Q1 2014

FLIR Guru Trades in Q1 2014

Columbia Wanger 606,000 sh (New)
Manning & Napier Advisors, Inc 1,333,640 sh (New)
Chuck Royce 2,454,250 sh (+5.24%)
First Pacific Advisors 3,300 sh (unchged)
Paul Tudor Jones Sold Out
John Hussman 550,000 sh (-15.38%)
Joel Greenblatt 412,205 sh (-18.61%)
Wallace Weitz 2,032,580 sh (-21.86%)
Steven Cohen 12,207 sh (-83.59%)
Jim Simons 39,660 sh (-95.01%)
» More
Q2 2014

FLIR Guru Trades in Q2 2014

Joel Greenblatt 623,257 sh (+51.2%)
Manning & Napier Advisors, Inc 1,729,180 sh (+29.66%)
Columbia Wanger 727,000 sh (+19.97%)
First Pacific Advisors 3,300 sh (unchged)
John Hussman 550,000 sh (unchged)
Jim Simons Sold Out
Chuck Royce 2,277,750 sh (-7.19%)
Wallace Weitz 919,670 sh (-54.75%)
» More
Q3 2014

FLIR Guru Trades in Q3 2014

Jim Simons 87,160 sh (New)
Manning & Napier Advisors, Inc 3,912,230 sh (+126.25%)
Columbia Wanger 1,049,000 sh (+44.29%)
First Pacific Advisors 3,300 sh (unchged)
Wallace Weitz 896,885 sh (-2.48%)
Chuck Royce 2,186,225 sh (-4.02%)
John Hussman 400,000 sh (-27.27%)
Joel Greenblatt 158,005 sh (-74.65%)
» More
» Details

Insider Trades

Latest Guru Trades with FLIR

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
John Hussman 2014-09-30 Reduce -27.27%0.41%$31.67 - $35.14 $ 31.78-5%400000
Joel Greenblatt 2014-09-30 Reduce -74.65%0.2%$31.67 - $35.14 $ 31.78-5%158005
Wallace Weitz 2014-06-30 Reduce -54.75%1.26%$33.42 - $37.23 $ 31.78-9%919670
Joel Greenblatt 2014-06-30 Add 51.2%0.09%$33.42 - $37.23 $ 31.78-9%623257
Wallace Weitz 2014-03-31 Reduce -21.86%0.57%$29 - $35.25 $ 31.78-3%2032580
John Hussman 2014-03-31 Reduce -15.38%0.22%$29 - $35.25 $ 31.78-3%550000
John Hussman 2013-12-31 Reduce -13.33%0.17%$28.17 - $33.17 $ 31.788%650000
Joel Greenblatt 2013-12-31 Add 64.23%0.14%$28.17 - $33.17 $ 31.788%506462
Wallace Weitz 2013-12-31 Add 4.53%0.11%$28.17 - $33.17 $ 31.788%2601235
Joel Greenblatt 2013-09-30 Add 206.23%0.21%$27.25 - $33.75 $ 31.782%308389
Wallace Weitz 2013-09-30 Reduce -5.72%0.17%$27.25 - $33.75 $ 31.782%2488605
John Hussman 2013-09-30 Add 13.64%0.16%$27.25 - $33.75 $ 31.782%750000
John Hussman 2013-06-30 New Buy0.81%$23.53 - $26.97 $ 31.7828%660000
Meridian Funds 2013-06-30 Add 257.61%0.37%$23.53 - $26.97 $ 31.7828%512100
Ron Baron 2013-06-30 Sold Out 0.11%$23.53 - $26.97 $ 31.7828%0
Joel Greenblatt 2013-06-30 Add 22.52%0.02%$23.53 - $26.97 $ 31.7828%100704
Joel Greenblatt 2013-03-31 Reduce -58.31%0.15%$22.316 - $27 $ 31.7826%82194
Meridian Funds 2013-03-31 New Buy0.14%$22.316 - $27 $ 31.7826%143200
Ron Baron 2013-03-31 Reduce -25%0.04%$22.316 - $27 $ 31.7826%750000
Wallace Weitz 2012-12-31 Add 7.38%0.2%$18.97 - $22.2 $ 31.7858%2982370
Ron Baron 2012-09-30 Reduce -55.35%0.15%$18.33 - $21.17 $ 31.7858%1000000
Joel Greenblatt 2012-09-30 Add 66.52%0.12%$18.33 - $21.17 $ 31.7858%227414
Wallace Weitz 2012-06-30 Add 81.28%1.12%$19.08 - $25.02 $ 31.7846%2786893
Joel Greenblatt 2012-06-30 Add 110.85%0.11%$19.08 - $25.02 $ 31.7846%136572
Frank Sands 2012-06-30 Sold Out 0.04%$19.08 - $25.02 $ 31.7846%0
Wallace Weitz 2012-03-31 Add 160.01%1.05%$24.56 - $26.81 $ 31.7831%1537310
Joel Greenblatt 2012-03-31 New Buy0.14%$24.56 - $26.81 $ 31.7831%64771
Wallace Weitz 2011-12-31 Add 885.43%0.61%$24.16 - $27.68 $ 31.7822%591260
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Guru Investment Theses on FLIR Systems Inc

Weitz Funds Comments on FLIR Systems - Jan 21, 2013

David Perkins, CFA, of Guru Wallace Weitz's Weitz Funds comments on its FLIR Systems (FLIR) holding. Read the analysis here.
Check out Wallace Weitz latest stock trades

Ratios

vs
industry
vs
history
P/E(ttm) 29.20
FLIR's P/E(ttm) is ranked higher than
66% of the 2783 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 31.90 vs. FLIR: 29.20 )
FLIR' s 10-Year P/E(ttm) Range
Min: 12.84   Max: 43.82
Current: 29.2

12.84
43.82
P/B 2.80
FLIR's P/B is ranked lower than
51% of the 2783 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.64 vs. FLIR: 2.80 )
FLIR' s 10-Year P/B Range
Min: 1.79   Max: 9.36
Current: 2.8

1.79
9.36
P/S 3.10
FLIR's P/S is ranked lower than
57% of the 2783 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 0.97 vs. FLIR: 3.10 )
FLIR' s 10-Year P/S Range
Min: 2.02   Max: 7.52
Current: 3.1

2.02
7.52
PFCF 21.50
FLIR's PFCF is ranked higher than
79% of the 2783 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 9999.00 vs. FLIR: 21.50 )
FLIR' s 10-Year PFCF Range
Min: 11.84   Max: 100.88
Current: 21.5

11.84
100.88
EV-to-EBIT 20.46
FLIR's EV-to-EBIT is ranked higher than
68% of the 2783 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 23.53 vs. FLIR: 20.46 )
FLIR' s 10-Year EV-to-EBIT Range
Min: 8.4   Max: 32.8
Current: 20.46

8.4
32.8
Shiller P/E 21.50
FLIR's Shiller P/E is ranked higher than
89% of the 2783 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 9999.00 vs. FLIR: 21.50 )
FLIR' s 10-Year Shiller P/E Range
Min: 13.83   Max: 1590.8
Current: 21.5

13.83
1590.8
Current Ratio 4.64
FLIR's Current Ratio is ranked higher than
90% of the 2630 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.93 vs. FLIR: 4.64 )
FLIR' s 10-Year Current Ratio Range
Min: 0.86   Max: 6.3
Current: 4.64

0.86
6.3
Quick Ratio 3.45
FLIR's Quick Ratio is ranked higher than
89% of the 2630 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.41 vs. FLIR: 3.45 )
FLIR' s 10-Year Quick Ratio Range
Min: 0.42   Max: 5.31
Current: 3.45

0.42
5.31

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 1.30
FLIR's Dividend Yield is ranked lower than
62% of the 1726 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.72 vs. FLIR: 1.30 )
FLIR' s 10-Year Dividend Yield Range
Min: 0.16   Max: 1.42
Current: 1.3

0.16
1.42
Dividend Payout 0.36
FLIR's Dividend Payout is ranked higher than
77% of the 2783 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 9.95 vs. FLIR: 0.36 )
FLIR' s 10-Year Dividend Payout Range
Min: 0.12   Max: 0.48
Current: 0.36

0.12
0.48
Yield on cost (5-Year) 1.30
FLIR's Yield on cost (5-Year) is ranked lower than
64% of the 1780 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 2.00 vs. FLIR: 1.30 )
FLIR' s 10-Year Yield on cost (5-Year) Range
Min: 0.16   Max: 1.42
Current: 1.3

0.16
1.42
Share Buyback Rate 3.60
FLIR's Share Buyback Rate is ranked higher than
92% of the 1489 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: -1.00 vs. FLIR: 3.60 )
FLIR' s 10-Year Share Buyback Rate Range
Min: 3.6   Max: -36.4
Current: 3.6

Valuation & Return

vs
industry
vs
history
Price/Net Current Asset Value 19.70
FLIR's Price/Net Current Asset Value is ranked higher than
76% of the 2783 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 9999.00 vs. FLIR: 19.70 )
FLIR' s 10-Year Price/Net Current Asset Value Range
Min: 3   Max: 752.25
Current: 19.7

3
752.25
Price/Tangible Book 4.90
FLIR's Price/Tangible Book is ranked lower than
56% of the 2783 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.98 vs. FLIR: 4.90 )
FLIR' s 10-Year Price/Tangible Book Range
Min: 1.45   Max: 158.83
Current: 4.9

1.45
158.83
Price/DCF (Projected) 1.30
FLIR's Price/DCF (Projected) is ranked higher than
85% of the 2783 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 9999.00 vs. FLIR: 1.30 )
FLIR' s 10-Year Price/DCF (Projected) Range
Min: 0.79   Max: 34.98
Current: 1.3

0.79
34.98
Price/Median PS Value 0.80
FLIR's Price/Median PS Value is ranked higher than
87% of the 2783 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.13 vs. FLIR: 0.80 )
FLIR' s 10-Year Price/Median PS Value Range
Min: 0.11   Max: 1.77
Current: 0.8

0.11
1.77
Price/Graham Number 2.50
FLIR's Price/Graham Number is ranked higher than
62% of the 2783 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 2.40 vs. FLIR: 2.50 )
FLIR' s 10-Year Price/Graham Number Range
Min: 0.97   Max: 13.81
Current: 2.5

0.97
13.81
Earnings Yield (Greenblatt) 4.90
FLIR's Earnings Yield (Greenblatt) is ranked higher than
66% of the 2592 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 4.90 vs. FLIR: 4.90 )
FLIR' s 10-Year Earnings Yield (Greenblatt) Range
Min: 3   Max: 11.9
Current: 4.9

3
11.9
Forward Rate of Return (Yacktman) -0.06
FLIR's Forward Rate of Return (Yacktman) is ranked higher than
61% of the 1722 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 2.00 vs. FLIR: -0.06 )
FLIR' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -0.3   Max: 39.9
Current: -0.06

-0.3
39.9

Business Description

Industry: Computer Hardware » Scientific & Technical Instruments
Compare:BA, ERJ, EADSY, RYCEY, HON » details
Traded in other countries:FL4.Germany
FLIR Systems Inc is an Oregon corporation and was founded in 1978. It is engaged in the design, manufacture and marketing of thermal imaging systems. The Companys products are used in a variety of applications in commercial, industrial and government markets. It offers a variety of system configurations to suit specific customer requirements. Its business is organized into two divisions: Commercial Systems and Government Systems. Within these divisions, it operates under five reporting segments: Thermal Vision & Measurement and Raymarine, which comprise the Commercial Systems division; and Surveillance, Detection, and Integrated Systems, which make up its Government Systems division. Thermal Vision & Measurement (TVM) products are generally sold for applications where the customer need is to see at night or in adverse conditions or to image a scene while gathering valuable situational and temperature information. The products include from sensitive cameras with extensive analytic capabilities and sophisticated image processing to less expensive cameras offering a mix of performance and value for less demanding applications. TVM customers include OEMs, integrators of security systems, security dealers, utility companies, electrical contractors, maritime dealers. The Competitors include Danaher (Fluke), General Dynamics, L-3 Communications, Sofradir, Axis Communications, NEC, Testo, and numerous smaller companies. Raymarine designs, develops, and markets electronics for the maritime market and is a provider of fully integrated stem to stern networked electronic systems for boats of many sizes. Its products include multifunction displays used to control multiple on-board electronic components, radar systems, thermal imaging cameras, autopilot systems, sonar modules, connectivity software, and various other instruments used to monitor factors such as boat speed, direction, and location. Its competitors include Furuno, Garmin, Navico, Johnson Controls, as well as numerous smaller companies. Surveillance segment is focused on selling advanced imaging and sensor systems to government customers and non-government markets where high performance is required. Typical applications include intelligence, surveillance, and reconnaissance (ISR), force protection, drug interdiction, search and rescue, special operations, and target designation. The customers generally consist of United States and foreign government agencies, including civilian, military, paramilitary, and police forces. The competitors in the Surveillance markets include divisions of BAE Systems, DRS (a Finmeccanica company), Elbit Systems, General Dynamics, L-3 Communications, Lockheed Martin, Raytheon, Sagem, Sofradir, and Thales. Detection primarily produces sensor systems that detect and identify chemical, biological, radiological, nuclear, and explosives (CBRNE) threats. Detection competes in various markets with companies such as Agilent Technologies, Canberra Industries, I
» More Articles for FLIR

Headlines

Articles On GuruFocus.com
FLIR Systems Launches Groundbreaking TG165 Imaging IR Thermometer Oct 15 2014 
After The Drop in Price in Recent Weeks, Could 3D Systems Be a Good Buy Now? Aug 10 2014 
Weekly Insider Sells Highlight: QCOM, EIX, LOW, FLO, FLIR Apr 08 2014 
FLIR - Moving Forward Jan 09 2014 
S&P Winners Broadly Held by Billionaires Oct 06 2013 
Meridian Funds' Top Five Second Quarter Increases Jul 30 2013 
FLIR - Halfway to a Double, with Solid Results Leading the Way Jul 30 2013 
FLIR Conference Notes Jun 16 2013 
FLIR - First Quarter Results and the Resignation of CEO Earl Lewis Apr 30 2013 
comment on FLIR Apr 22 2013 

More From Other Websites
FLIR Systems Announces Favorable Verdict in Litigation Matter Nov 24 2014
FLIR Systems Announces Favorable Verdict in Litigation Matter Nov 24 2014
SEC Settles Bribery Probe with Flir Systems Employees Nov 17 2014
U.S. SEC sanctions two ex-FLIR employees over bribery allegations Nov 17 2014
Ambarella, Not Just A GoPro Show, Seeks New Markets Nov 14 2014
FLIR SYSTEMS INC Financials Nov 14 2014
10-Q for FLIR Systems, Inc. Nov 09 2014
FLIR SYSTEMS INC Files SEC form 10-Q, Quarterly Report Nov 07 2014
L-3 Communications Holdings Meets Q3 Earnings Estimates Oct 30 2014
FLIR Systems Tops Q3 Earnings and Revenues, Shares Up Oct 28 2014
UPDATE: Imperial Capital Upgrades FLIR Systems Oct 27 2014
FLIR Systems upgraded by Imperial Capital Oct 27 2014
Flir Systems (FLIR) Earnings Report: Q3 2014 Conference Call Transcript Oct 24 2014
FLIR Systems Announces Third Quarter 2014 Financial Results Oct 24 2014
Flir Systems beats Street 3Q forecasts Oct 24 2014
Flir Systems beats Street 3Q forecasts Oct 24 2014
FLIR SYSTEMS INC Files SEC form 8-K, Results of Operations and Financial Condition Oct 24 2014
FLIR Systems Announces Third Quarter 2014 Financial Results Oct 24 2014
Q3 2014 FLIR Systems Inc Earnings Release - Before Market Open Oct 24 2014
FLIR Systems to Release Third Quarter 2014 Financial Results on Friday, October 24, 2014 Oct 06 2014

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