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AMETEK INC (AME) Stock Fundamental Analysis

NYSE:AME - New York Stock Exchange, Inc. - US0311001004 - Common Stock - Currency: USD

180.045  +1.07 (+0.6%)

Fundamental Rating

6

AME gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 95 industry peers in the Electrical Equipment industry. AME scores excellent points on both the profitability and health parts. This is a solid base for a good stock. AME is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

9

1. Profitability

1.1 Basic Checks

AME had positive earnings in the past year.
In the past year AME had a positive cash flow from operations.
In the past 5 years AME has always been profitable.
In the past 5 years AME always reported a positive cash flow from operatings.
AME Yearly Net Income VS EBIT VS OCF VS FCFAME Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

1.2 Ratios

Looking at the Return On Assets, with a value of 9.52%, AME belongs to the top of the industry, outperforming 91.58% of the companies in the same industry.
Looking at the Return On Equity, with a value of 14.21%, AME belongs to the top of the industry, outperforming 85.26% of the companies in the same industry.
AME has a better Return On Invested Capital (11.58%) than 86.32% of its industry peers.
AME had an Average Return On Invested Capital over the past 3 years of 11.54%. This is in line with the industry average of 10.11%.
The last Return On Invested Capital (11.58%) for AME is above the 3 year average (11.54%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 9.52%
ROE 14.21%
ROIC 11.58%
ROA(3y)9.16%
ROA(5y)8.84%
ROE(3y)14.93%
ROE(5y)14.77%
ROIC(3y)11.54%
ROIC(5y)10.91%
AME Yearly ROA, ROE, ROICAME Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

Looking at the Profit Margin, with a value of 20.43%, AME belongs to the top of the industry, outperforming 98.95% of the companies in the same industry.
In the last couple of years the Profit Margin of AME has grown nicely.
AME's Operating Margin of 26.20% is amongst the best of the industry. AME outperforms 100.00% of its industry peers.
AME's Operating Margin has improved in the last couple of years.
AME has a better Gross Margin (36.18%) than 82.11% of its industry peers.
AME's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 26.2%
PM (TTM) 20.43%
GM 36.18%
OM growth 3Y2.81%
OM growth 5Y2.35%
PM growth 3Y3.56%
PM growth 5Y3.5%
GM growth 3Y1.14%
GM growth 5Y-1.15%
AME Yearly Profit, Operating, Gross MarginsAME Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

7

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), AME is creating some value.
Compared to 1 year ago, AME has about the same amount of shares outstanding.
The number of shares outstanding for AME has been increased compared to 5 years ago.
AME has a better debt/assets ratio than last year.
AME Yearly Shares OutstandingAME Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M
AME Yearly Total Debt VS Total AssetsAME Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B

2.2 Solvency

AME has an Altman-Z score of 7.05. This indicates that AME is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 7.05, AME belongs to the best of the industry, outperforming 93.68% of the companies in the same industry.
The Debt to FCF ratio of AME is 1.13, which is an excellent value as it means it would take AME, only 1.13 years of fcf income to pay off all of its debts.
AME has a Debt to FCF ratio of 1.13. This is amongst the best in the industry. AME outperforms 92.63% of its industry peers.
AME has a Debt/Equity ratio of 0.15. This is a healthy value indicating a solid balance between debt and equity.
AME has a Debt to Equity ratio of 0.15. This is in the better half of the industry: AME outperforms 65.26% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.15
Debt/FCF 1.13
Altman-Z 7.05
ROIC/WACC1.33
WACC8.73%
AME Yearly LT Debt VS Equity VS FCFAME Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

2.3 Liquidity

A Current Ratio of 1.41 indicates that AME should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.41, AME is doing worse than 60.00% of the companies in the same industry.
A Quick Ratio of 0.86 indicates that AME may have some problems paying its short term obligations.
AME has a Quick ratio of 0.86. This is in the lower half of the industry: AME underperforms 60.00% of its industry peers.
AME does not score too well on the current and quick ratio evaluation. However, as it has excellent solvency and profitability, these ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
Industry RankSector Rank
Current Ratio 1.41
Quick Ratio 0.86
AME Yearly Current Assets VS Current LiabilitesAME Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B 2.5B

4

3. Growth

3.1 Past

The Earnings Per Share has been growing slightly by 6.28% over the past year.
The Earnings Per Share has been growing by 10.27% on average over the past years. This is quite good.
Looking at the last year, AME shows a small growth in Revenue. The Revenue has grown by 2.98% in the last year.
The Revenue has been growing slightly by 6.12% on average over the past years.
EPS 1Y (TTM)6.28%
EPS 3Y12.09%
EPS 5Y10.27%
EPS Q2Q%6.71%
Revenue 1Y (TTM)2.98%
Revenue growth 3Y7.76%
Revenue growth 5Y6.12%
Sales Q2Q%-0.24%

3.2 Future

The Earnings Per Share is expected to grow by 7.03% on average over the next years.
Based on estimates for the next years, AME will show a small growth in Revenue. The Revenue will grow by 7.39% on average per year.
EPS Next Y4.5%
EPS Next 2Y5.93%
EPS Next 3Y6.54%
EPS Next 5Y7.03%
Revenue Next Year0.49%
Revenue Next 2Y2.56%
Revenue Next 3Y4%
Revenue Next 5Y7.39%

3.3 Evolution

The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
AME Yearly Revenue VS EstimatesAME Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2B 4B 6B 8B 10B
AME Yearly EPS VS EstimatesAME Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2 4 6 8

4

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 25.94, the valuation of AME can be described as expensive.
73.68% of the companies in the same industry are more expensive than AME, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of AME to the average of the S&P500 Index (26.17), we can say AME is valued inline with the index average.
AME is valuated rather expensively with a Price/Forward Earnings ratio of 23.49.
Based on the Price/Forward Earnings ratio, AME is valued a bit cheaper than 75.79% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of AME to the average of the S&P500 Index (22.10), we can say AME is valued inline with the index average.
Industry RankSector Rank
PE 25.94
Fwd PE 23.49
AME Price Earnings VS Forward Price EarningsAME Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

74.74% of the companies in the same industry are more expensive than AME, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of AME indicates a somewhat cheap valuation: AME is cheaper than 76.84% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 24.26
EV/EBITDA 19.4
AME Per share dataAME EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30 40

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
AME has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)5.77
PEG (5Y)2.53
EPS Next 2Y5.93%
EPS Next 3Y6.54%

6

5. Dividend

5.1 Amount

AME has a yearly dividend return of 0.70%, which is pretty low.
Compared to an average industry Dividend Yield of 4.64, AME pays a better dividend. On top of this AME pays more dividend than 84.21% of the companies listed in the same industry.
With a Dividend Yield of 0.70, AME pays less dividend than the S&P500 average, which is at 2.40.
Industry RankSector Rank
Dividend Yield 0.7%

5.2 History

The dividend of AME is nicely growing with an annual growth rate of 14.93%!
AME has paid a dividend for at least 10 years, which is a reliable track record.
AME has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)14.93%
Div Incr Years5
Div Non Decr Years27
AME Yearly Dividends per shareAME Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8 1

5.3 Sustainability

AME pays out 18.74% of its income as dividend. This is a sustainable payout ratio.
AME's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP18.74%
EPS Next 2Y5.93%
EPS Next 3Y6.54%
AME Yearly Income VS Free CF VS DividendAME Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B
AME Dividend Payout.AME Dividend Payout, showing the Payout Ratio.AME Dividend Payout.PayoutRetained Earnings

AMETEK INC

NYSE:AME (5/29/2025, 3:53:54 PM)

180.045

+1.07 (+0.6%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)05-01 2025-05-01/bmo
Earnings (Next)07-30 2025-07-30/bmo
Inst Owners87.82%
Inst Owner Change1.3%
Ins Owners0.37%
Ins Owner Change2.43%
Market Cap41.57B
Analysts75.45
Price Target196.89 (9.36%)
Short Float %1.01%
Short Ratio1.58
Dividend
Industry RankSector Rank
Dividend Yield 0.7%
Yearly Dividend1.12
Dividend Growth(5Y)14.93%
DP18.74%
Div Incr Years5
Div Non Decr Years27
Ex-Date06-13 2025-06-13 (0.31)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.85%
Min EPS beat(2)-0.93%
Max EPS beat(2)2.63%
EPS beat(4)2
Avg EPS beat(4)0.83%
Min EPS beat(4)-0.93%
Max EPS beat(4)2.63%
EPS beat(8)6
Avg EPS beat(8)1.65%
EPS beat(12)10
Avg EPS beat(12)2.55%
EPS beat(16)14
Avg EPS beat(16)2.94%
Revenue beat(2)0
Avg Revenue beat(2)-2.9%
Min Revenue beat(2)-4.16%
Max Revenue beat(2)-1.65%
Revenue beat(4)0
Avg Revenue beat(4)-2.64%
Min Revenue beat(4)-4.16%
Max Revenue beat(4)-1.07%
Revenue beat(8)0
Avg Revenue beat(8)-2.39%
Revenue beat(12)4
Avg Revenue beat(12)-0.82%
Revenue beat(16)7
Avg Revenue beat(16)-0.33%
PT rev (1m)-4.25%
PT rev (3m)-4.25%
EPS NQ rev (1m)-3.91%
EPS NQ rev (3m)-3.87%
EPS NY rev (1m)-0.21%
EPS NY rev (3m)-0.91%
Revenue NQ rev (1m)-2.34%
Revenue NQ rev (3m)-2.34%
Revenue NY rev (1m)-0.93%
Revenue NY rev (3m)-1.37%
Valuation
Industry RankSector Rank
PE 25.94
Fwd PE 23.49
P/S 5.99
P/FCF 24.26
P/OCF 22.64
P/B 4.17
P/tB N/A
EV/EBITDA 19.4
EPS(TTM)6.94
EY3.85%
EPS(NY)7.66
Fwd EY4.26%
FCF(TTM)7.42
FCFY4.12%
OCF(TTM)7.95
OCFY4.42%
SpS30.05
BVpS43.18
TBVpS-2.5
PEG (NY)5.77
PEG (5Y)2.53
Profitability
Industry RankSector Rank
ROA 9.52%
ROE 14.21%
ROCE 14.07%
ROIC 11.58%
ROICexc 11.95%
ROICexgc 76%
OM 26.2%
PM (TTM) 20.43%
GM 36.18%
FCFM 24.7%
ROA(3y)9.16%
ROA(5y)8.84%
ROE(3y)14.93%
ROE(5y)14.77%
ROIC(3y)11.54%
ROIC(5y)10.91%
ROICexc(3y)11.92%
ROICexc(5y)11.49%
ROICexgc(3y)93.58%
ROICexgc(5y)86.23%
ROCE(3y)14.02%
ROCE(5y)13.26%
ROICexcg growth 3Y3.6%
ROICexcg growth 5Y1.71%
ROICexc growth 3Y3.76%
ROICexc growth 5Y-0.05%
OM growth 3Y2.81%
OM growth 5Y2.35%
PM growth 3Y3.56%
PM growth 5Y3.5%
GM growth 3Y1.14%
GM growth 5Y-1.15%
F-Score9
Asset Turnover0.47
Health
Industry RankSector Rank
Debt/Equity 0.15
Debt/FCF 1.13
Debt/EBITDA 0.66
Cap/Depr 31.3%
Cap/Sales 1.77%
Interest Coverage 250
Cash Conversion 83.14%
Profit Quality 120.94%
Current Ratio 1.41
Quick Ratio 0.86
Altman-Z 7.05
F-Score9
WACC8.73%
ROIC/WACC1.33
Cap/Depr(3y)39.02%
Cap/Depr(5y)36.8%
Cap/Sales(3y)2.05%
Cap/Sales(5y)1.96%
Profit Quality(3y)110.86%
Profit Quality(5y)115.39%
High Growth Momentum
Growth
EPS 1Y (TTM)6.28%
EPS 3Y12.09%
EPS 5Y10.27%
EPS Q2Q%6.71%
EPS Next Y4.5%
EPS Next 2Y5.93%
EPS Next 3Y6.54%
EPS Next 5Y7.03%
Revenue 1Y (TTM)2.98%
Revenue growth 3Y7.76%
Revenue growth 5Y6.12%
Sales Q2Q%-0.24%
Revenue Next Year0.49%
Revenue Next 2Y2.56%
Revenue Next 3Y4%
Revenue Next 5Y7.39%
EBIT growth 1Y3.94%
EBIT growth 3Y10.79%
EBIT growth 5Y8.61%
EBIT Next Year24.7%
EBIT Next 3Y12.31%
EBIT Next 5Y11.17%
FCF growth 1Y42.57%
FCF growth 3Y17.47%
FCF growth 5Y10.95%
OCF growth 1Y37.58%
OCF growth 3Y16.37%
OCF growth 5Y10.41%