AMPHENOL CORP-CL A (APH) Stock Fundamental Analysis
NYSE:APH - New York Stock Exchange, Inc. - US0320951017 - Common Stock - Currency: USD
Overall APH gets a fundamental rating of 6 out of 10. We evaluated APH against 125 industry peers in the Electronic Equipment, Instruments & Components industry. While APH has a great profitability rating, there are some minor concerns on its financial health. APH shows excellent growth, but is valued quite expensive already. With these ratings, APH could be worth investigating further for growth investing!.
1. Profitability
1.1 Basic Checks
In the past year APH was profitable.
APH had a positive operating cash flow in the past year.
Each year in the past 5 years APH has been profitable.
In the past 5 years APH always reported a positive cash flow from operatings.
1.2 Ratios
APH's Return On Assets of 11.41% is amongst the best of the industry. APH outperforms 92.00% of its industry peers.
APH's Return On Equity of 25.37% is amongst the best of the industry. APH outperforms 92.00% of its industry peers.
APH has a better Return On Invested Capital (16.06%) than 92.80% of its industry peers.
APH had an Average Return On Invested Capital over the past 3 years of 15.75%. This is significantly above the industry average of 9.29%.
The 3 year average ROIC (15.75%) for APH is below the current ROIC(16.06%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.41% | ||
| ROE | 25.37% | ||
| ROIC | 16.06% |
ROA(3y)11.79%
ROA(5y)11.2%
ROE(3y)24.99%
ROE(5y)24.51%
ROIC(3y)15.75%
ROIC(5y)14.94%
1.3 Margins
With an excellent Profit Margin value of 15.58%, APH belongs to the best of the industry, outperforming 92.00% of the companies in the same industry.
In the last couple of years the Profit Margin of APH has grown nicely.
The Operating Margin of APH (21.86%) is better than 99.20% of its industry peers.
APH's Operating Margin has improved in the last couple of years.
APH has a Gross Margin (33.94%) which is comparable to the rest of the industry.
APH's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 21.86% | ||
| PM (TTM) | 15.58% | ||
| GM | 33.94% |
OM growth 3Y2.56%
OM growth 5Y1.53%
PM growth 3Y2.87%
PM growth 5Y2.55%
GM growth 3Y2.58%
GM growth 5Y1.2%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), APH is creating some value.
Compared to 1 year ago, APH has more shares outstanding
APH has more shares outstanding than it did 5 years ago.
The debt/assets ratio for APH is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 6.89 indicates that APH is not in any danger for bankruptcy at the moment.
The Altman-Z score of APH (6.89) is better than 85.60% of its industry peers.
The Debt to FCF ratio of APH is 3.23, which is a good value as it means it would take APH, 3.23 years of fcf income to pay off all of its debts.
APH's Debt to FCF ratio of 3.23 is fine compared to the rest of the industry. APH outperforms 67.20% of its industry peers.
APH has a Debt/Equity ratio of 0.66. This is a neutral value indicating APH is somewhat dependend on debt financing.
APH has a Debt to Equity ratio of 0.66. This is amonst the worse of the industry: APH underperforms 81.60% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.66 | ||
| Debt/FCF | 3.23 | ||
| Altman-Z | 6.89 |
ROIC/WACC1.73
WACC9.29%
2.3 Liquidity
A Current Ratio of 1.99 indicates that APH should not have too much problems paying its short term obligations.
APH has a Current ratio (1.99) which is comparable to the rest of the industry.
A Quick Ratio of 1.36 indicates that APH should not have too much problems paying its short term obligations.
APH has a worse Quick ratio (1.36) than 60.80% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.99 | ||
| Quick Ratio | 1.36 |
3. Growth
3.1 Past
APH shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 35.90%, which is quite impressive.
APH shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 15.11% yearly.
Looking at the last year, APH shows a very strong growth in Revenue. The Revenue has grown by 30.70%.
Measured over the past years, APH shows a quite strong growth in Revenue. The Revenue has been growing by 13.10% on average per year.
EPS 1Y (TTM)35.9%
EPS 3Y15.08%
EPS 5Y15.11%
EPS Q2Q%57.5%
Revenue 1Y (TTM)30.7%
Revenue growth 3Y11.86%
Revenue growth 5Y13.1%
Sales Q2Q%47.74%
3.2 Future
Based on estimates for the next years, APH will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.86% on average per year.
The Revenue is expected to grow by 10.21% on average over the next years. This is quite good.
EPS Next Y41.96%
EPS Next 2Y24.74%
EPS Next 3Y19.44%
EPS Next 5Y11.86%
Revenue Next Year34.99%
Revenue Next 2Y20.46%
Revenue Next 3Y15.91%
Revenue Next 5Y10.21%
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 40.22, the valuation of APH can be described as expensive.
APH's Price/Earnings ratio is in line with the industry average.
APH is valuated expensively when we compare the Price/Earnings ratio to 25.91, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 28.99, the valuation of APH can be described as expensive.
Compared to the rest of the industry, the Price/Forward Earnings ratio of APH is on the same level as its industry peers.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.85, APH is valued a bit more expensive.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 40.22 | ||
| Fwd PE | 28.99 |
4.2 Price Multiples
APH's Enterprise Value to EBITDA is on the same level as the industry average.
APH's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 46.45 | ||
| EV/EBITDA | 24.95 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The excellent profitability rating of APH may justify a higher PE ratio.
APH's earnings are expected to grow with 19.44% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.96
PEG (5Y)2.66
EPS Next 2Y24.74%
EPS Next 3Y19.44%
5. Dividend
5.1 Amount
APH has a yearly dividend return of 0.77%, which is pretty low.
Compared to an average industry Dividend Yield of 2.07, APH pays a better dividend. On top of this APH pays more dividend than 85.60% of the companies listed in the same industry.
With a Dividend Yield of 0.77, APH pays less dividend than the S&P500 average, which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.77% |
5.2 History
The dividend of APH has a limited annual growth rate of 1.08%.
APH has been paying a dividend for at least 10 years, so it has a reliable track record.
APH has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)1.08%
Div Incr Years13
Div Non Decr Years19
5.3 Sustainability
25.37% of the earnings are spent on dividend by APH. This is a low number and sustainable payout ratio.
The dividend of APH is growing, but earnings are growing more, so the dividend growth is sustainable.
DP25.37%
EPS Next 2Y24.74%
EPS Next 3Y19.44%
85.26
-0.43 (-0.5%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners95.59%
Inst Owner Change1.3%
Ins Owners0.52%
Ins Owner Change-8.04%
Market Cap103.13B
Analysts76.52
Price Target86.02 (0.89%)
Short Float %1.27%
Short Ratio1.7
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.77% |
Yearly Dividend0.49
Dividend Growth(5Y)1.08%
DP25.37%
Div Incr Years13
Div Non Decr Years19
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)14.71%
Min EPS beat(2)8.61%
Max EPS beat(2)20.81%
EPS beat(4)4
Avg EPS beat(4)11.62%
Min EPS beat(4)7.07%
Max EPS beat(4)20.81%
EPS beat(8)8
Avg EPS beat(8)8.75%
EPS beat(12)12
Avg EPS beat(12)7.56%
EPS beat(16)16
Avg EPS beat(16)7.49%
Revenue beat(2)2
Avg Revenue beat(2)8.96%
Min Revenue beat(2)5.39%
Max Revenue beat(2)12.54%
Revenue beat(4)4
Avg Revenue beat(4)7.12%
Min Revenue beat(4)5.12%
Max Revenue beat(4)12.54%
Revenue beat(8)8
Avg Revenue beat(8)5.24%
Revenue beat(12)12
Avg Revenue beat(12)4.63%
Revenue beat(16)16
Avg Revenue beat(16)4.92%
PT rev (1m)-0.81%
PT rev (3m)0.45%
EPS NQ rev (1m)19.4%
EPS NQ rev (3m)19.75%
EPS NY rev (1m)15.87%
EPS NY rev (3m)15.42%
Revenue NQ rev (1m)10.24%
Revenue NQ rev (3m)12.05%
Revenue NY rev (1m)9.18%
Revenue NY rev (3m)10.89%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 40.22 | ||
| Fwd PE | 28.99 | ||
| P/S | 6.15 | ||
| P/FCF | 46.45 | ||
| P/OCF | 34.61 | ||
| P/B | 10.01 | ||
| P/tB | N/A | ||
| EV/EBITDA | 24.95 |
EPS(TTM)2.12
EY2.49%
EPS(NY)2.94
Fwd EY3.45%
FCF(TTM)1.84
FCFY2.15%
OCF(TTM)2.46
OCFY2.89%
SpS13.87
BVpS8.52
TBVpS-0.81
PEG (NY)0.96
PEG (5Y)2.66
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.41% | ||
| ROE | 25.37% | ||
| ROCE | 20.03% | ||
| ROIC | 16.06% | ||
| ROICexc | 17.67% | ||
| ROICexgc | 54.82% | ||
| OM | 21.86% | ||
| PM (TTM) | 15.58% | ||
| GM | 33.94% | ||
| FCFM | 13.23% |
ROA(3y)11.79%
ROA(5y)11.2%
ROE(3y)24.99%
ROE(5y)24.51%
ROIC(3y)15.75%
ROIC(5y)14.94%
ROICexc(3y)18.39%
ROICexc(5y)17.4%
ROICexgc(3y)54.81%
ROICexgc(5y)51.2%
ROCE(3y)19.64%
ROCE(5y)18.64%
ROICexcg growth 3Y8.48%
ROICexcg growth 5Y1.55%
ROICexc growth 3Y5.77%
ROICexc growth 5Y2.06%
OM growth 3Y2.56%
OM growth 5Y1.53%
PM growth 3Y2.87%
PM growth 5Y2.55%
GM growth 3Y2.58%
GM growth 5Y1.2%
F-Score5
Asset Turnover0.73
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.66 | ||
| Debt/FCF | 3.23 | ||
| Debt/EBITDA | 1.56 | ||
| Cap/Depr | 107.76% | ||
| Cap/Sales | 4.53% | ||
| Interest Coverage | 18.49 | ||
| Cash Conversion | 68.14% | ||
| Profit Quality | 84.97% | ||
| Current Ratio | 1.99 | ||
| Quick Ratio | 1.36 | ||
| Altman-Z | 6.89 |
F-Score5
WACC9.29%
ROIC/WACC1.73
Cap/Depr(3y)101.88%
Cap/Depr(5y)97.32%
Cap/Sales(3y)3.46%
Cap/Sales(5y)3.38%
Profit Quality(3y)98.21%
Profit Quality(5y)95.61%
High Growth Momentum
Growth
EPS 1Y (TTM)35.9%
EPS 3Y15.08%
EPS 5Y15.11%
EPS Q2Q%57.5%
EPS Next Y41.96%
EPS Next 2Y24.74%
EPS Next 3Y19.44%
EPS Next 5Y11.86%
Revenue 1Y (TTM)30.7%
Revenue growth 3Y11.86%
Revenue growth 5Y13.1%
Sales Q2Q%47.74%
Revenue Next Year34.99%
Revenue Next 2Y20.46%
Revenue Next 3Y15.91%
Revenue Next 5Y10.21%
EBIT growth 1Y36.78%
EBIT growth 3Y14.72%
EBIT growth 5Y14.84%
EBIT Next Year55.83%
EBIT Next 3Y22.63%
EBIT Next 5Y15.88%
FCF growth 1Y13.7%
FCF growth 3Y22.14%
FCF growth 5Y12.23%
OCF growth 1Y26.48%
OCF growth 3Y22.26%
OCF growth 5Y13.38%