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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 1.58
FLIR's Cash to Debt is ranked higher than
88% of the 282 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 0.57 vs. FLIR: 1.58 )
FLIR' s 10-Year Cash to Debt Range
Min: 0.01   Max: No Debt
Current: 1.58

Equity to Asset 0.69
FLIR's Equity to Asset is ranked higher than
94% of the 286 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 0.39 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 higher than
83% of the 203 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 14.10 vs. FLIR: 17.08 )
FLIR' s 10-Year Interest Coverage Range
Min: 3.12   Max: 124.93
Current: 17.08

3.12
124.93
F-Score: 4
Z-Score: 5.99
M-Score: -2.76
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 (%) 13.73
FLIR's Operating margin (%) is ranked higher than
93% of the 285 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 7.36 vs. FLIR: 13.73 )
FLIR' s 10-Year Operating margin (%) Range
Min: -20.73   Max: 30.95
Current: 13.73

-20.73
30.95
Net-margin (%) 10.13
FLIR's Net-margin (%) is ranked higher than
92% of the 285 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 5.79 vs. FLIR: 10.13 )
FLIR' s 10-Year Net-margin (%) Range
Min: -30.46   Max: 20.07
Current: 10.13

-30.46
20.07
ROE (%) 9.28
FLIR's ROE (%) is ranked higher than
79% of the 275 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 12.79 vs. FLIR: 9.28 )
FLIR' s 10-Year ROE (%) Range
Min: -60.99   Max: 38.74
Current: 9.28

-60.99
38.74
ROA (%) 6.39
FLIR's ROA (%) is ranked higher than
88% of the 285 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 4.64 vs. FLIR: 6.39 )
FLIR' s 10-Year ROA (%) Range
Min: -25.49   Max: 19.84
Current: 6.39

-25.49
19.84
ROC (Joel Greenblatt) (%) 27.44
FLIR's ROC (Joel Greenblatt) (%) is ranked higher than
85% of the 285 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 25.57 vs. FLIR: 27.44 )
FLIR' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -29.57   Max: 70.64
Current: 27.44

-29.57
70.64
Revenue Growth (%) 6.40
FLIR's Revenue Growth (%) is ranked higher than
79% of the 269 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 5.80 vs. FLIR: 6.40 )
FLIR' s 10-Year Revenue Growth (%) Range
Min: -11.1   Max: 28.1
Current: 6.4

-11.1
28.1
EBITDA Growth (%) -7.10
FLIR's EBITDA Growth (%) is ranked higher than
69% of the 239 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 6.50 vs. FLIR: -7.10 )
FLIR' s 10-Year EBITDA Growth (%) Range
Min: -73   Max: 32.5
Current: -7.1

-73
32.5
EPS Growth (%) -7.50
FLIR's EPS Growth (%) is ranked higher than
71% of the 235 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 7.50 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

Q3 2013

FLIR Guru Trades in Q3 2013

Steven Cohen 79,368 sh (+884.47%)
Joel Greenblatt 308,389 sh (+206.23%)
John Hussman 750,000 sh (+13.64%)
Chuck Royce 2,249,990 sh (-1.92%)
Wallace Weitz 2,488,605 sh (-5.72%)
Paul Tudor Jones 15,600 sh (-6.02%)
First Pacific Advisors 3,300 sh (-26.67%)
Jim Simons 1,305,960 sh (-29.57%)
» More
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

Manning & Napier Advisors, Inc 1,333,640 sh (New)
Columbia Wanger 606,000 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
» 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
Wallace Weitz 2014-06-30 Reduce -54.75%1.26%$33.42 - $37.23 $ 32.04-8%919670
Joel Greenblatt 2014-06-30 Add 51.2%0.09%$33.42 - $37.23 $ 32.04-8%623257
Wallace Weitz 2014-03-31 Reduce -21.86%0.57%$29 - $35.25 $ 32.04-3%2032580
John Hussman 2014-03-31 Reduce -15.38%0.22%$29 - $35.25 $ 32.04-2%550000
John Hussman 2013-12-31 Reduce -13.33%0.17%$28.17 - $33.17 $ 32.049%650000
Joel Greenblatt 2013-12-31 Add 64.23%0.14%$28.17 - $33.17 $ 32.049%506462
Wallace Weitz 2013-12-31 Add 4.53%0.11%$28.17 - $33.17 $ 32.049%2601235
Joel Greenblatt 2013-09-30 Add 206.23%0.21%$27.25 - $33.75 $ 32.042%308389
Wallace Weitz 2013-09-30 Reduce -5.72%0.17%$27.25 - $33.75 $ 32.042%2488605
John Hussman 2013-09-30 Add 13.64%0.16%$27.25 - $33.75 $ 32.042%750000
John Hussman 2013-06-30 New Buy0.81%$23.53 - $26.97 $ 32.0429%660000
Meridian Funds 2013-06-30 Add 257.61%0.37%$23.53 - $26.97 $ 32.0429%512100
Ron Baron 2013-06-30 Sold Out 0.11%$23.53 - $26.97 $ 32.0429%0
Joel Greenblatt 2013-06-30 Add 22.52%0.02%$23.53 - $26.97 $ 32.0429%100704
Joel Greenblatt 2013-03-31 Reduce -58.31%0.15%$22.316 - $27 $ 32.0427%82194
Meridian Funds 2013-03-31 New Buy0.14%$22.316 - $27 $ 32.0427%143200
Ron Baron 2013-03-31 Reduce -25%0.04%$22.316 - $27 $ 32.0427%750000
Wallace Weitz 2012-12-31 Add 7.38%0.2%$18.97 - $22.2 $ 32.0460%2982370
Ron Baron 2012-09-30 Reduce -55.35%0.15%$18.33 - $21.17 $ 32.0459%1000000
Joel Greenblatt 2012-09-30 Add 66.52%0.12%$18.33 - $21.17 $ 32.0459%227414
Wallace Weitz 2012-06-30 Add 81.28%1.12%$19.08 - $25.02 $ 32.0447%2786893
Joel Greenblatt 2012-06-30 Add 110.85%0.11%$19.08 - $25.02 $ 32.0447%136572
Frank Sands 2012-06-30 Sold Out 0.04%$19.08 - $25.02 $ 32.0447%0
Wallace Weitz 2012-03-31 Add 160.01%1.05%$24.56 - $26.81 $ 32.0432%1537310
Joel Greenblatt 2012-03-31 New Buy0.14%$24.56 - $26.81 $ 32.0432%64771
Wallace Weitz 2011-12-31 Add 885.43%0.61%$24.16 - $27.68 $ 32.0423%591260
Premium More recent guru trades are included for Premium Members only!!
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Peter Lynch Chart ( What is Peter Lynch Charts )

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) 30.80
FLIR's P/E(ttm) is ranked higher than
71% of the 294 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 19.50 vs. FLIR: 30.80 )
FLIR' s 10-Year P/E(ttm) Range
Min: 12.84   Max: 43.82
Current: 30.8

12.84
43.82
P/B 2.75
FLIR's P/B is ranked higher than
65% of the 294 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 2.50 vs. FLIR: 2.75 )
FLIR' s 10-Year P/B Range
Min: 1.79   Max: 9.36
Current: 2.75

1.79
9.36
P/S 3.12
FLIR's P/S is ranked lower than
54% of the 294 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.16 vs. FLIR: 3.12 )
FLIR' s 10-Year P/S Range
Min: 2.02   Max: 7.52
Current: 3.12

2.02
7.52
PFCF 19.66
FLIR's PFCF is ranked higher than
82% of the 294 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 39.88 vs. FLIR: 19.66 )
FLIR' s 10-Year PFCF Range
Min: 11.84   Max: 100.88
Current: 19.66

11.84
100.88
EV-to-EBIT 21.26
FLIR's EV-to-EBIT is ranked higher than
78% of the 294 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 14.89 vs. FLIR: 21.26 )
FLIR' s 10-Year EV-to-EBIT Range
Min: 8.4   Max: 31.4
Current: 21.26

8.4
31.4
Shiller P/E 21.59
FLIR's Shiller P/E is ranked higher than
75% of the 294 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 22.98 vs. FLIR: 21.59 )
FLIR' s 10-Year Shiller P/E Range
Min: 13.73   Max: 1590.8
Current: 21.59

13.73
1590.8
Current Ratio 4.55
FLIR's Current Ratio is ranked higher than
97% of the 285 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.47 vs. FLIR: 4.55 )
FLIR' s 10-Year Current Ratio Range
Min: 0.86   Max: 6.3
Current: 4.55

0.86
6.3
Quick Ratio 3.38
FLIR's Quick Ratio is ranked higher than
96% of the 282 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.05 vs. FLIR: 3.38 )
FLIR' s 10-Year Quick Ratio Range
Min: 0.42   Max: 5.31
Current: 3.38

0.42
5.31

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 1.22
FLIR's Dividend Yield is ranked lower than
70% of the 206 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.83 vs. FLIR: 1.22 )
FLIR' s 10-Year Dividend Yield Range
Min: 0.16   Max: 1.42
Current: 1.22

0.16
1.42
Dividend Payout 0.37
FLIR's Dividend Payout is ranked higher than
75% of the 294 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 0.49 vs. FLIR: 0.37 )
FLIR' s 10-Year Dividend Payout Range
Min: 0.12   Max: 0.48
Current: 0.37

0.12
0.48
Yield on cost (5-Year) 1.30
FLIR's Yield on cost (5-Year) is ranked lower than
70% of the 213 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 2.42 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
95% of the 222 Companies
in the Global Aerospace & Defense industry.

( Industry Median: -0.60 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 19.78
FLIR's Price/Net Current Asset Value is ranked higher than
96% of the 294 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 9999.00 vs. FLIR: 19.78 )
FLIR' s 10-Year Price/Net Current Asset Value Range
Min: 3   Max: 752.25
Current: 19.78

3
752.25
Price/Tangible Book 4.89
FLIR's Price/Tangible Book is ranked higher than
67% of the 294 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 9.90 vs. FLIR: 4.89 )
FLIR' s 10-Year Price/Tangible Book Range
Min: 1.45   Max: 158.83
Current: 4.89

1.45
158.83
Price/DCF (Projected) 1.27
FLIR's Price/DCF (Projected) is ranked higher than
81% of the 294 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.75 vs. FLIR: 1.27 )
FLIR' s 10-Year Price/DCF (Projected) Range
Min: 0.79   Max: 58.3
Current: 1.27

0.79
58.3
Price/Median PS Value 0.81
FLIR's Price/Median PS Value is ranked higher than
90% of the 294 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.20 vs. FLIR: 0.81 )
FLIR' s 10-Year Price/Median PS Value Range
Min: 0.11   Max: 1.76
Current: 0.81

0.11
1.76
Price/Graham Number 2.56
FLIR's Price/Graham Number is ranked higher than
74% of the 294 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 9.30 vs. FLIR: 2.56 )
FLIR' s 10-Year Price/Graham Number Range
Min: 0.97   Max: 13.81
Current: 2.56

0.97
13.81
Earnings Yield (Greenblatt) 4.70
FLIR's Earnings Yield (Greenblatt) is ranked higher than
65% of the 246 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 7.30 vs. FLIR: 4.70 )
FLIR' s 10-Year Earnings Yield (Greenblatt) Range
Min: 3.2   Max: 11.9
Current: 4.7

3.2
11.9
Forward Rate of Return (Yacktman) 0.19
FLIR's Forward Rate of Return (Yacktman) is ranked higher than
71% of the 268 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 9.74 vs. FLIR: 0.19 )
FLIR' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 0.1   Max: 42.4
Current: 0.19

0.1
42.4

Business Description

Industry: Aerospace & Defense » Aerospace & Defense
Compare:BA, ERJ, EADSY, RYCEY, HON » details
Traded in other countries:FL4.Germany
FLIR Systems, Inc. is an Oregon corporation and was incorporated in 1978. It is engaged in the design, manufacture and marketing of thermal imaging systems. The Company's products are used in a variety of applications in commercial, industrial and government markets worldwide. 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 had five reporting segments in 2012: Thermal Vision & Measurement and Raymarine, which comprise the Commercial Systems division; and Surveillance, Detection, and Integrated Systems, which make up its Government Systems division: Thermography, Commercial Vision Systems and Government Systems. The Company's Thermography business mainly consists of the design and manufacture of hand-held thermal imaging systems that could detect and measure very small temperature differences, which is useful for a variety of industrial and commercial applications. Uses for its Thermography products include high-end predictive and preventative maintenance, research and development, test and measurement, leak detection and scientific analysis. A growing distribution network has enabled it to penetrate existing and emerging markets and applications worldwide. The Company's Commercial Vision Systems business is focused on the development, manufacture and sale of generally lower cost uncooled products to emerging commercial markets where the main requirement is to see at night or in adverse conditions. These markets are developing rapidly and include such uses as automotive night vision, recreational marine, firefighting, airborne law enforcement and commercial security. Commercial Vision Systems also sells camera cores, readout integrated circuits and other sub-components to OEMs in certain markets. The Company's infrared sensor business, which supplies both internal and external customers, is also part of Commercial Vision Systems. Vertical integration into infrared sensors provides it with the ability to design and produce infrared detectors, allowing the Company to reduce its costs and open new markets The main market for these products is government customers, who use its hand-held and fixed mounted products for such applications as force protection, counter terrorism, search and rescue, perimeter security, navigation safety, law enforcement, narcotics detection, maritime and border patrol and anti-piracy. A substantial portion of its revenue in the Government Systems business is derived from sales to government agencies and it is continuing to expand its military program business, both in the United States and internationally. The Company focuses its product marketing activities on internet promotion, advertising, direct mail, press tours, technical articles for publications and participation in most major trade shows in its industry. Typical Thermography customers include resea
» 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 

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FLIR Systems Unveils Low-Priced Imaging IR Thermometer Oct 02 2014
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