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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 : 9/10

vs
industry
vs
history
Cash to Debt No Debt
TECH's Cash to Debt is ranked higher than
89% of the 377 Companies
in the Global Medical Devices industry.

( Industry Median: 6.28 vs. TECH: No Debt )
TECH' s 10-Year Cash to Debt Range
Min: 1.58   Max: No Debt
Current: No Debt

Equity to Asset 0.93
TECH's Equity to Asset is ranked higher than
98% of the 358 Companies
in the Global Medical Devices industry.

( Industry Median: 0.64 vs. TECH: 0.93 )
TECH' s 10-Year Equity to Asset Range
Min: 0.69   Max: 0.98
Current: 0.93

0.69
0.98
Interest Coverage No Debt
TECH's Interest Coverage is ranked higher than
77% of the 223 Companies
in the Global Medical Devices industry.

( Industry Median: 205.72 vs. TECH: No Debt )
TECH' s 10-Year Interest Coverage Range
Min: 27.3   Max: 9999.99
Current: No Debt

27.3
9999.99
F-Score: 3
Z-Score: 37.28
M-Score: -2.24
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 (%) 51.02
TECH's Operating margin (%) is ranked higher than
99% of the 366 Companies
in the Global Medical Devices industry.

( Industry Median: 6.25 vs. TECH: 51.02 )
TECH' s 10-Year Operating margin (%) Range
Min: 19.71   Max: 58.1
Current: 51.02

19.71
58.1
Net-margin (%) 36.24
TECH's Net-margin (%) is ranked higher than
98% of the 366 Companies
in the Global Medical Devices industry.

( Industry Median: 4.82 vs. TECH: 36.24 )
TECH' s 10-Year Net-margin (%) Range
Min: 14.05   Max: 40.8
Current: 36.24

14.05
40.8
ROE (%) 15.26
TECH's ROE (%) is ranked higher than
91% of the 365 Companies
in the Global Medical Devices industry.

( Industry Median: 5.79 vs. TECH: 15.26 )
TECH' s 10-Year ROE (%) Range
Min: 13.14   Max: 24.69
Current: 15.26

13.14
24.69
ROA (%) 14.47
TECH's ROA (%) is ranked higher than
97% of the 380 Companies
in the Global Medical Devices industry.

( Industry Median: 3.09 vs. TECH: 14.47 )
TECH' s 10-Year ROA (%) Range
Min: 11.39   Max: 22.4
Current: 14.47

11.39
22.4
ROC (Joel Greenblatt) (%) 103.40
TECH's ROC (Joel Greenblatt) (%) is ranked higher than
98% of the 379 Companies
in the Global Medical Devices industry.

( Industry Median: 12.55 vs. TECH: 103.40 )
TECH' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 40.69   Max: 122.61
Current: 103.4

40.69
122.61
Revenue Growth (%) 5.40
TECH's Revenue Growth (%) is ranked higher than
71% of the 278 Companies
in the Global Medical Devices industry.

( Industry Median: 5.40 vs. TECH: 5.40 )
TECH' s 10-Year Revenue Growth (%) Range
Min: 5.4   Max: 16.4
Current: 5.4

5.4
16.4
EBITDA Growth (%) 1.70
TECH's EBITDA Growth (%) is ranked higher than
78% of the 249 Companies
in the Global Medical Devices industry.

( Industry Median: -3.70 vs. TECH: 1.70 )
TECH' s 10-Year EBITDA Growth (%) Range
Min: 1.7   Max: 41.3
Current: 1.7

1.7
41.3
EPS Growth (%) 1.20
TECH's EPS Growth (%) is ranked higher than
77% of the 233 Companies
in the Global Medical Devices industry.

( Industry Median: -2.80 vs. TECH: 1.20 )
TECH' s 10-Year EPS Growth (%) Range
Min: 1.2   Max: 36.3
Current: 1.2

1.2
36.3
» TECH's 10-Y Financials

Financials


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

» Details

Guru Trades

Q1 2013

TECH Guru Trades in Q1 2013

Joel Greenblatt 45,922 sh (+134.75%)
Chuck Royce 341,300 sh (+83.1%)
Bill Frels 693,067 sh (+60.14%)
Paul Tudor Jones 5,100 sh (+50%)
Chris Davis 33,973 sh (+42.62%)
Jeremy Grantham 22,100 sh (+1.84%)
Ron Baron 1,053,980 sh (unchged)
Columbia Wanger 630,700 sh (-1.41%)
Jim Simons 919,400 sh (-2.79%)
Steven Cohen 4,153 sh (-46.27%)
» More
Q2 2013

TECH Guru Trades in Q2 2013

Jeff Ubben 62,004 sh (New)
Chuck Royce 459,800 sh (+34.72%)
Bill Frels 734,151 sh (+5.93%)
Joel Greenblatt 47,074 sh (+2.51%)
Paul Tudor Jones Sold Out
Chris Davis Sold Out
Ron Baron 1,053,780 sh (-0.02%)
Jeremy Grantham 21,800 sh (-1.36%)
Jim Simons 898,400 sh (-2.28%)
Columbia Wanger 557,700 sh (-11.57%)
Steven Cohen 3,246 sh (-21.84%)
» More
Q3 2013

TECH Guru Trades in Q3 2013

Paul Tudor Jones 2,600 sh (New)
Ruane Cunniff 2,540 sh (New)
Chuck Royce 526,871 sh (+14.59%)
Jim Simons 938,100 sh (+4.42%)
Bill Frels 754,481 sh (+2.77%)
Jeff Ubben Sold Out
Steven Cohen Sold Out
Ron Baron 1,053,380 sh (-0.04%)
Columbia Wanger 554,018 sh (-0.66%)
Jeremy Grantham 11,000 sh (-49.54%)
Joel Greenblatt 5,869 sh (-87.53%)
» More
Q4 2013

TECH Guru Trades in Q4 2013

RS Investment Management 354,350 sh (New)
Columbia Wanger 763,700 sh (+37.85%)
Chuck Royce 714,771 sh (+35.66%)
Paul Tudor Jones 3,400 sh (+30.77%)
Bill Frels 929,612 sh (+23.21%)
Ruane Cunniff 2,540 sh (unchged)
Ron Baron 1,053,380 sh (unchged)
Joel Greenblatt Sold Out
Jeremy Grantham 9,800 sh (-10.91%)
Jim Simons 762,000 sh (-18.77%)
» More
» Details

Insider Trades

Latest Guru Trades with TECH

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Joel Greenblatt 2013-12-31 Sold Out 0.02%$77.53 - $94.3 $ 85.83-1%0
Joel Greenblatt 2013-09-30 Reduce -87.53%0.12%$69.64 - $81.28 $ 85.8313%5869
Jeff Ubben 2013-09-30 Sold Out 0.04%$69.64 - $81.28 $ 85.8313%0
Ruane Cunniff 2013-09-30 New Buy$69.64 - $81.28 $ 85.8313%2540
Jeff Ubben 2013-06-30 New Buy0.04%$63.42 - $69.44 $ 85.8329%62004
Joel Greenblatt 2013-03-31 Add 134.75%0.09%$66.48 - $71.68 $ 85.8325%45922
Joel Greenblatt 2012-09-30 New Buy0.12%$67 - $75.98 $ 85.8320%24249
Joel Greenblatt 2012-06-30 Sold Out 0.06%$64.98 - $74.23 $ 85.8326%0
Chuck Akre 2012-03-31 Sold Out 0.53%$66.13 - $71.99 $ 85.8332%0
John Hussman 2012-03-31 Sold Out 0.05%$66.13 - $71.99 $ 85.8332%0
Joel Greenblatt 2012-03-31 Add 47.81%0.02%$66.13 - $71.99 $ 85.8332%8941
John Hussman 2011-12-31 New Buy0.05%$62.37 - $73.55 $ 85.8326%44000
Joel Greenblatt 2011-12-31 New Buy0.05%$62.37 - $73.55 $ 85.8326%6049
Joel Greenblatt 2011-09-30 Sold Out 0.05%$67.45 - $85.13 $ 85.8315%0
Ruane Cunniff 2011-09-30 Sold Out 0.0019%$67.45 - $85.13 $ 85.8315%0
Ruane Cunniff 2011-06-30 New Buy$72.65 - $83.16 $ 85.8310%2540
Joel Greenblatt 2011-03-31 New Buy0.1%$65.67 - $73.26 $ 85.8324%4852
Premium More recent guru trades are included for Premium Members only!!
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Ratios

vs
industry
vs
history
P/E(ttm) 27.80
TECH's P/E(ttm) is ranked higher than
63% of the 231 Companies
in the Global Medical Devices industry.

( Industry Median: 26.70 vs. TECH: 27.80 )
TECH' s 10-Year P/E(ttm) Range
Min: 16.76   Max: 34.05
Current: 27.8

16.76
34.05
P/B 4.30
TECH's P/B is ranked lower than
54% of the 355 Companies
in the Global Medical Devices industry.

( Industry Median: 3.20 vs. TECH: 4.30 )
TECH' s 10-Year P/B Range
Min: 3.27   Max: 8.27
Current: 4.3

3.27
8.27
P/S 9.60
TECH's P/S is ranked lower than
79% of the 372 Companies
in the Global Medical Devices industry.

( Industry Median: 2.74 vs. TECH: 9.60 )
TECH' s 10-Year P/S Range
Min: 6.73   Max: 12.59
Current: 9.6

6.73
12.59
PFCF 29.60
TECH's PFCF is ranked higher than
53% of the 179 Companies
in the Global Medical Devices industry.

( Industry Median: 27.48 vs. TECH: 29.60 )
TECH' s 10-Year PFCF Range
Min: 17.73   Max: 37.34
Current: 29.6

17.73
37.34
EV-to-EBIT 18.90
TECH's EV-to-EBIT is ranked higher than
66% of the 293 Companies
in the Global Medical Devices industry.

( Industry Median: 20.91 vs. TECH: 18.90 )
TECH' s 10-Year EV-to-EBIT Range
Min: 10.4   Max: 22.4
Current: 18.9

10.4
22.4
PEG 9.40
TECH's PEG is ranked lower than
58% of the 119 Companies
in the Global Medical Devices industry.

( Industry Median: 2.53 vs. TECH: 9.40 )
TECH' s 10-Year PEG Range
Min: 1.01   Max: 11.58
Current: 9.4

1.01
11.58
Shiller P/E 27.70
TECH's Shiller P/E is ranked higher than
61% of the 141 Companies
in the Global Medical Devices industry.

( Industry Median: 27.00 vs. TECH: 27.70 )
TECH' s 10-Year Shiller P/E Range
Min: 20.95   Max: 53.28
Current: 27.7

20.95
53.28

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 1.40
TECH's Dividend Yield is ranked higher than
59% of the 165 Companies
in the Global Medical Devices industry.

( Industry Median: 1.28 vs. TECH: 1.40 )
TECH' s 10-Year Dividend Yield Range
Min: 0.39   Max: 1.82
Current: 1.4

0.39
1.82
Dividend Payout 0.39
TECH's Dividend Payout is ranked higher than
59% of the 140 Companies
in the Global Medical Devices industry.

( Industry Median: 0.35 vs. TECH: 0.39 )
TECH' s 10-Year Dividend Payout Range
Min: 0.3   Max: 0.46
Current: 0.39

0.3
0.46
Dividend growth (3y) 4.60
TECH's Dividend growth (3y) is ranked higher than
75% of the 67 Companies
in the Global Medical Devices industry.

( Industry Median: 8.20 vs. TECH: 4.60 )
TECH' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 14
Current: 4.6

0
14
Yield on cost (5-Year) 2.29
TECH's Yield on cost (5-Year) is ranked higher than
71% of the 168 Companies
in the Global Medical Devices industry.

( Industry Median: 1.39 vs. TECH: 2.29 )
TECH' s 10-Year Yield on cost (5-Year) Range
Min: 0.64   Max: 2.97
Current: 2.29

0.64
2.97
Share Buyback Rate 0.40
TECH's Share Buyback Rate is ranked higher than
89% of the 270 Companies
in the Global Medical Devices industry.

( Industry Median: -1.30 vs. TECH: 0.40 )
TECH' s 10-Year Share Buyback Rate Range
Min: 2   Max: -2.9
Current: 0.4

Valuation & Return

vs
industry
vs
history
Price/Net Cash 23.80
TECH's Price/Net Cash is ranked lower than
66% of the 119 Companies
in the Global Medical Devices industry.

( Industry Median: 14.30 vs. TECH: 23.80 )
TECH' s 10-Year Price/Net Cash Range
Min: 8.7   Max: 578.2
Current: 23.8

8.7
578.2
Price/Net Current Asset Value 17.30
TECH's Price/Net Current Asset Value is ranked lower than
68% of the 174 Companies
in the Global Medical Devices industry.

( Industry Median: 9.10 vs. TECH: 17.30 )
TECH' s 10-Year Price/Net Current Asset Value Range
Min: 7.48   Max: 144.91
Current: 17.3

7.48
144.91
Price/Tangible Book 6.30
TECH's Price/Tangible Book is ranked lower than
64% of the 328 Companies
in the Global Medical Devices industry.

( Industry Median: 4.40 vs. TECH: 6.30 )
TECH' s 10-Year Price/Tangible Book Range
Min: 3.61   Max: 25.49
Current: 6.3

3.61
25.49
Price/DCF (Projected) 1.90
TECH's Price/DCF (Projected) is ranked higher than
64% of the 177 Companies
in the Global Medical Devices industry.

( Industry Median: 1.90 vs. TECH: 1.90 )
TECH' s 10-Year Price/DCF (Projected) Range
Min: 1.27   Max: 12.77
Current: 1.9

1.27
12.77
Price/Median PS Value 1.00
TECH's Price/Median PS Value is ranked higher than
65% of the 338 Companies
in the Global Medical Devices industry.

( Industry Median: 1.10 vs. TECH: 1.00 )
TECH' s 10-Year Price/Median PS Value Range
Min: 0.2   Max: 2.7
Current: 1

0.2
2.7
Price/Graham Number 2.80
TECH's Price/Graham Number is ranked lower than
54% of the 213 Companies
in the Global Medical Devices industry.

( Industry Median: 2.40 vs. TECH: 2.80 )
TECH' s 10-Year Price/Graham Number Range
Min: 1.93   Max: 10.66
Current: 2.8

1.93
10.66
Earnings Yield (Greenblatt) 5.30
TECH's Earnings Yield (Greenblatt) is ranked higher than
72% of the 279 Companies
in the Global Medical Devices industry.

( Industry Median: 4.60 vs. TECH: 5.30 )
TECH' s 10-Year Earnings Yield (Greenblatt) Range
Min: 4.5   Max: 9.6
Current: 5.3

4.5
9.6
Forward Rate of Return (Yacktman) 5.61
TECH's Forward Rate of Return (Yacktman) is ranked higher than
84% of the 259 Companies
in the Global Medical Devices industry.

( Industry Median: 1.31 vs. TECH: 5.61 )
TECH' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 5.8   Max: 26.1
Current: 5.61

5.8
26.1

Business Description

Industry: Medical Devices » Medical Devices
Compare:MDT, SYK, SMA, ZMH, STJ » details
Traded in other countries:TE1.Germany
Techne Corporation is engaged in the development, manufacture and sale of biotechnology products and clinical diagnostic controls. Its business is segmented into two areas - Biotechnology and Hematology. The Biotechnology segment offers proteins, such as cytokines, and enzyme substrates and inhibitors; antibodies, including polyclonal and monoclonal antibodies; immunoassays comprising quantikine kits for the detection of human and animal proteins, and immunoassays that allow researchers to quantify a specific analyte in a biological fluids sample; clinical diagnostic immunoassay kits consisting of erythropoietin, transferrin receptor, and beta2-microglobulin immunoassays for use as in vitro diagnostic devices; flow cytometry products, such as fluorochrome labeled antibodies and kits; intracellular cell signaling products, including antibodies, phospho-specific antibodies, antibody arrays, active caspases, kinases, phosphatases, and enzyme-linked immunosorbant assays to measure the activity of apoptotic and signaling molecules; and natural and synthetic chemical compounds for use as agonists, antagonists, and inhibitors of various biological functions by investigators. The Hematology segment provides a range of hematology controls and calibrators for impedance and laser type cell counters; and hematology control products for use as proficiency testing tools by laboratory certifying authorities. The Company serves biotechnology research market and the clinical diagnostics market.

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