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Why NYSE:AME Stands Out as a Quality Stock.

By Mill Chart

Last update: Mar 4, 2024

Quality investors are looking for the best of the best. Companies which are growing steadily and consistently, but are also in excellent financial condition. We will have a look here to see if AMETEK INC (NYSE:AME) is suited for quality investing. Investors should of course do their own research, but we spotted AMETEK INC showing up in our Caviar Cruise quality screen, so it may be worth spending some more time on it.

Highlighting Notable Quality Metrics of NYSE:AME.

  • AMETEK INC has demonstrated significant revenue growth over the past 5 years, with a 6.36% increase. This underscores the company's ability to adapt to market dynamics and capitalize on growth opportunities.
  • The ROIC excluding cash and goodwill of AMETEK INC stands at 124.0%, reflecting the company's strong financial management and profitability. This metric underscores its ability to generate favorable returns on the capital invested in its core operations.
  • AMETEK INC maintains a healthy Debt/Free Cash Flow Ratio of 2.07, indicating a strong financial position and prudent debt management. This ratio suggests the company has sufficient free cash flow to cover its debt obligations and highlights its ability to generate cash from operations.
  • With a favorable Profit Quality (5-year) ratio of 114.0%, AMETEK INC showcases its ability to consistently deliver high-quality profits. This metric signifies the company's financial strength and its capacity to generate sustainable earnings over an extended period.
  • The 5-year EBIT growth of AMETEK INC has been remarkable, with 9.69% increase. This demonstrates the company's ability to improve its operational efficiency and indicates its competitiveness within the market.
  • With EBIT 5-year growth outpacing its Revenue 5-year growth, AMETEK INC showcases its effective cost management and enhanced operational performance. This suggests the company's ability to generate higher earnings from its revenue streams.

Fundamental analysis of NYSE:AME

ChartMill assigns a proprietary Fundamental Rating to each stock. The score is computed daily by evaluating various fundamental indicators and properties. The score ranges from 0 to 10.

AME gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 86 industry peers in the Electrical Equipment industry. While AME has a great profitability rating, there are some minor concerns on its financial health. AME is not valued too expensively and it also shows a decent growth rate. AME also has an excellent dividend rating. These ratings could make AME a good candidate for dividend investing.

For an up to date full fundamental analysis you can check the fundamental report of AME

Our Caviar Cruise screen will find you more ideas suited for quality investing.

Keep in mind

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.

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AMETEK INC

NYSE:AME (5/24/2024, 7:13:43 PM)

After market: 173.66 0 (0%)

173.66

+0.94 (+0.54%)

AME News

News Image12 days ago - Market News VideoOtis Worldwide Now #231 Largest Company, Surpassing AMETEK
News Image18 days ago - AMETEK, Inc.AMETEK Appoints Patrick L. Williams Vice President and General Manager, Maintenance, Repair, Overhaul (MRO) Division

/PRNewswire/ -- AMETEK, Inc. (NYSE: AME) today announced the appointment of Patrick L. Williams as Vice President and General Manager, MRO Division. Mr....

News Image18 days ago - AMETEK, Inc.AMETEK Declares Quarterly Dividend

/PRNewswire/ -- The Board of Directors of AMETEK, Inc. (NYSE: AME) declared a regular quarterly dividend of $0.28 per share for the second quarter ending June...

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News Image24 days ago - InvestorPlaceAME Stock Earnings: AMETEK Beats EPS, Misses Revenue for Q1 2024

AME stock results show that AMETEK beat analyst estimates for earnings per share but missed on revenue for the first quarter of 2024.

News Image24 days ago - Market News VideoAMETEK Becomes Oversold (AME)
News Image25 days ago - AMETEK, Inc.AMETEK Announces Record First Quarter Results and Raises 2024 Guidance

/PRNewswire/ -- AMETEK, Inc. (NYSE: AME) today announced its financial results for the first quarter ended March 31, 2024. AMETEK's first quarter 2024 sales...

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News Imagea month ago - AMETEK, Inc.AMETEK Announces First Quarter 2024 Earnings Call and Webcasted Investor Conference Call Information

/PRNewswire/ -- AMETEK, Inc. (NYSE: AME) will issue its first quarter 2024 earnings release before the market opens on Thursday, May 2, 2024. AMETEK will...

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