TE Connectivity PLC Registered Shares
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$613.00 | Kjcpqmx | Dgmlklq |
TE Connectivity is a Moaty Transportation Connector Giant with a Big Electrification Opportunity
Business Strategy and Outlook
TE Connectivity is a designer and manufacturer of connectors and sensors, supplying custom and semicustom solutions to a bevy of end markets in the transportation, industrial, and communications verticals. TE has maintained a leading share of the global connector market for the last decade, specifically dominating the automotive connector market, from which it derives almost half of revenue. While the firm’s entire business benefits from trends toward efficiency and connectivity, these are especially notable in cars, where shifts toward electric and autonomous vehicles provide lucrative opportunities for TE to sell into new vehicle sockets, like an onboard charger or advanced driver-assist system.