TE Connectivity: Strengthening Fundamentals, Higher Multiples Justify Re-Rating (Rating Upgrade)

| --- | --- | --- | |--------------------------------------------------------------------------------------------------------------------------|--------------|--------------| | | | | | Potential for multiple expansion | | | | | FY 24 | FY"23 (c) | | Growth opportunities, FY'24 (b | 8.3x 0.3x | 8.3 0.00 | | | | | | Warranted multiple (a+b) Implied value | 8.60 $25,839 | 8.3x$22,819 | | Potential multiple ch | | | | (a). Multiple on current operations value. Calculated as 1/12% (b). Multiple on future growth ...