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 belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. APH shows excellent growth, but is valued quite expensive already.
1. Profitability
1.1 Basic Checks
In the past year APH was profitable.
APH had a positive operating cash flow in the past year.
In the past 5 years APH has always been profitable.
APH had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 11.41%, APH belongs to the top of the industry, outperforming 92.00% of the companies in the same industry.
APH's Return On Equity of 25.37% is amongst the best of the industry. APH outperforms 92.00% of its industry peers.
APH's Return On Invested Capital of 16.06% is amongst the best of the industry. APH outperforms 92.80% of its industry peers.
The Average Return On Invested Capital over the past 3 years for APH is significantly above the industry average of 9.35%.
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
The Profit Margin of APH (15.58%) is better than 93.60% of its industry peers.
In the last couple of years the Profit Margin of APH has grown nicely.
Looking at the Operating Margin, with a value of 21.86%, APH belongs to the top of the industry, outperforming 99.20% of the companies in the same industry.
In the last couple of years the Operating Margin of APH has grown nicely.
Looking at the Gross Margin, with a value of 33.94%, APH is in line with its industry, outperforming 55.20% of the companies in the same industry.
In the last couple of years the Gross Margin of APH has remained more or less at the same level.
| 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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so APH is still creating some value.
Compared to 1 year ago, APH has more shares outstanding
APH has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, APH has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 7.28 indicates that APH is not in any danger for bankruptcy at the moment.
APH has a Altman-Z score of 7.28. This is amongst the best in the industry. APH outperforms 84.00% 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.
Looking at the Debt to FCF ratio, with a value of 3.23, APH is in the better half of the industry, outperforming 68.80% of the companies in the same industry.
A Debt/Equity ratio of 0.66 indicates that APH is somewhat dependend on debt financing.
APH has a worse Debt to Equity ratio (0.66) than 83.20% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.66 | ||
| Debt/FCF | 3.23 | ||
| Altman-Z | 7.28 |
ROIC/WACC1.76
WACC9.13%
2.3 Liquidity
APH has a Current Ratio of 1.99. This is a normal value and indicates that APH is financially healthy and should not expect problems in meeting its short term obligations.
APH has a Current ratio of 1.99. This is in the lower half of the industry: APH underperforms 62.40% of its industry peers.
APH has a Quick Ratio of 1.36. This is a normal value and indicates that APH is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.36, APH is doing worse than 64.00% of the companies in the same industry.
| 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.
Measured over the past years, APH shows a quite strong growth in Earnings Per Share. The EPS has been growing by 15.11% on average per year.
Looking at the last year, APH shows a very strong growth in Revenue. The Revenue has grown by 30.70%.
The Revenue has been growing by 13.10% on average over the past years. This is quite good.
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 15.40% on average per year.
The Revenue is expected to grow by 12.93% on average over the next years. This is quite good.
EPS Next Y41.96%
EPS Next 2Y24.74%
EPS Next 3Y19.44%
EPS Next 5Y15.4%
Revenue Next Year35.27%
Revenue Next 2Y20.79%
Revenue Next 3Y16.2%
Revenue Next 5Y12.93%
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 43.90, which means the current valuation is very expensive for APH.
The rest of the industry has a similar Price/Earnings ratio as APH.
When comparing the Price/Earnings ratio of APH to the average of the S&P500 Index (26.55), we can say APH is valued expensively.
The Price/Forward Earnings ratio is 31.65, which means the current valuation is very expensive for APH.
The rest of the industry has a similar Price/Forward Earnings ratio as APH.
APH is valuated rather expensively when we compare the Price/Forward Earnings ratio to 22.40, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 43.9 | ||
| Fwd PE | 31.65 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of APH is on the same level as its industry peers.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of APH is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 50.7 | ||
| EV/EBITDA | 26.84 |
4.3 Compensation for Growth
APH's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct 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)1.05
PEG (5Y)2.9
EPS Next 2Y24.74%
EPS Next 3Y19.44%
5. Dividend
5.1 Amount
With a yearly dividend of 0.71%, APH is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 2.07, APH pays a better dividend. On top of this APH pays more dividend than 84.80% of the companies listed in the same industry.
With a Dividend Yield of 0.71, APH pays less dividend than the S&P500 average, which is at 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.71% |
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 their dividend for at least 10 years, which is a reliable track record.
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.
APH's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP25.37%
EPS Next 2Y24.74%
EPS Next 3Y19.44%
93.07
+0.58 (+0.63%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners95.59%
Inst Owner Change1.97%
Ins Owners0.52%
Ins Owner Change-1.96%
Market Cap112.58B
Analysts77.39
Price Target91.56 (-1.62%)
Short Float %1.3%
Short Ratio1.82
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.71% |
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)13.59%
PT rev (3m)5.58%
EPS NQ rev (1m)1.3%
EPS NQ rev (3m)19.4%
EPS NY rev (1m)15.87%
EPS NY rev (3m)15.42%
Revenue NQ rev (1m)1.57%
Revenue NQ rev (3m)12.09%
Revenue NY rev (1m)0.7%
Revenue NY rev (3m)10.35%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 43.9 | ||
| Fwd PE | 31.65 | ||
| P/S | 6.71 | ||
| P/FCF | 50.7 | ||
| P/OCF | 37.78 | ||
| P/B | 10.93 | ||
| P/tB | N/A | ||
| EV/EBITDA | 26.84 |
EPS(TTM)2.12
EY2.28%
EPS(NY)2.94
Fwd EY3.16%
FCF(TTM)1.84
FCFY1.97%
OCF(TTM)2.46
OCFY2.65%
SpS13.87
BVpS8.52
TBVpS-0.81
PEG (NY)1.05
PEG (5Y)2.9
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 | 7.28 |
F-Score5
WACC9.13%
ROIC/WACC1.76
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 5Y15.4%
Revenue 1Y (TTM)30.7%
Revenue growth 3Y11.86%
Revenue growth 5Y13.1%
Sales Q2Q%47.74%
Revenue Next Year35.27%
Revenue Next 2Y20.79%
Revenue Next 3Y16.2%
Revenue Next 5Y12.93%
EBIT growth 1Y36.78%
EBIT growth 3Y14.72%
EBIT growth 5Y14.84%
EBIT Next Year84.31%
EBIT Next 3Y28.42%
EBIT Next 5Y18.35%
FCF growth 1Y13.7%
FCF growth 3Y22.14%
FCF growth 5Y12.23%
OCF growth 1Y26.48%
OCF growth 3Y22.26%
OCF growth 5Y13.38%